Vertiv Holdings Co (VRT)

Vertiv Holdings Co Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,098	1,333	495.8	460.2	76.6	119.6
Depreciation & Amortization	419.7	308.6	277	271	302.4	227
Other Amortization	4.4	5.9	7	7.9	7.5	6.3
Loss (Gain) From Sale of Assets	-	-	-	-	-3.7	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	8.7
Stock-Based Compensation	57.7	45.9	34.6	25	24.7	23.2
Other Operating Activities	39.2	81.3	390.8	69.7	-111.1	-41.1
Change in Accounts Receivable	-1,484	-547.5	-280.3	-277.2	-368	-117.4
Change in Inventory	-1,837	-164.7	-369.3	-54	-211.4	-125.7
Change in Accounts Payable	1,428	381.2	343.1	-17.7	132.8	105.1
Change in Unearned Revenue	2,981	717.5	434.5	274.2	67.6	55.3
Change in Income Taxes	86.5	-67.4	42.8	45.2	-11.6	-8.8
Change in Other Net Operating Assets	-128.8	20.2	-56.7	96.2	-58.6	-41.3
Operating Cash Flow	3,666	2,114	1,319	900.5	-152.8	210.9
Operating Cash Flow Growth	138.94%	60.22%	46.51%	-	-	0.96%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-518.3	-220	-167	-127.9	-100	-73.4
Sale of Property, Plant & Equipment	-	-	-	12.4	3.9	9.8
Cash Acquisitions	-1,267	-1,185	-17.6	-28.8	-5	-1,164
Divestitures	-	-	-	11.9	-	21.7
Sale (Purchase) of Intangibles	-7	-6.4	-17.1	-6.7	-11	-11.2
Investment in Securities	330.1	-89.6	-	-	-	-
Investing Cash Flow	-1,462	-1,501	-201.7	-139.1	-112.1	-1,217

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	270	224.9	790.8	850
Total Debt Issued	2,103	-	270	224.9	790.8	850
Long-Term Debt Repaid	-	-20.9	-291.1	-487	-572.2	-21.8
Total Debt Repaid	-2,097	-20.9	-291.1	-487	-572.2	-21.8
Net Debt Issued (Repaid)	6.8	-20.9	-21.1	-262.1	218.6	828.2
Issuance of Common Stock	49.3	26.4	33	27.4	3.1	111.6
Repurchase of Common Stock	-30.7	-11.2	-621.8	-3.3	-4.3	-7.3
Common Dividends Paid	-95.8	-66.6	-42.2	-9.5	-3.8	-3.8
Other Financing Activities	-	-	-	-	-113.4	-13.8
Financing Cash Flow	-70.4	-72.3	-652.1	-247.5	100.2	914.9

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	6.3	16.9	-21.9	1.5	-9.2	-4.5
Net Cash Flow	2,139	557.6	443.6	515.4	-173.9	-95.5

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	3,147	1,894	1,152	772.6	-252.8	137.5
Free Cash Flow Growth	133.70%	64.35%	49.15%	-	-	-16.41%
Free Cash Flow Margin	23.99%	18.51%	14.38%	11.26%	-4.44%	2.75%
Free Cash Flow Per Share	8.02	4.85	2.98	2.00	-0.67	0.38
Levered Free Cash Flow	2,962	1,429	1,036	716.54	-280.64	127.23
Unlevered Free Cash Flow	2,980	1,477	1,123	821.2	-196.08	177.55

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	126.7	126.7	155.5	176.7	132.8	75.1
Cash Income Tax Paid	428.2	428.2	272.5	153	104.6	97.3
Change in Working Capital	1,047	339.3	114.1	66.7	-449.2	-132.8

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 1, 2026

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