Vertiv Holdings Co.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.33B | $495.8M | $460.2M | $76.6M | $119.6M | $-327.3M | $-140.8M | $-314.0M |
| Depreciation & Amortization | $308.6M | $277.0M | $271.0M | $302.4M | $227.0M | $203.1M | $202.9M | $217.0M |
| Depreciation | $97.1M | $81.6M | $74.3M | $72.0M | $69.1M | $60.3M | $57.1M | $60.4M |
| Amortization | $211.5M | $195.4M | $196.7M | $230.4M | $157.9M | $142.8M | $145.8M | $156.6M |
| Stock-Based Compensation | $45.9M | $34.6M | $25.0M | $24.7M | $23.2M | $13.0M | $0 | $0 |
| Net Cash from Operating Activities | $2.11B | $1.32B | $900.5M | $-152.8M | $210.9M | $208.9M | $57.5M | $-221.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $220.0M | $167.0M | $127.9M | $100.0M | $73.4M | $44.4M | $47.6M | $64.6M |
| Business Acquisitions | $1.18B | $17.6M | $28.8M | $5.0M | $1.16B | $0 | $0 | $124.3M |
| Net Cash from Investing Activities | $-1.50B | $-201.7M | $-139.1M | $-112.1M | $-1.22B | $-45.7M | $-65.3M | $-207.7M |
| Financing Activities | ||||||||
| Dividends Paid | $66.6M | $42.2M | $9.5M | $3.8M | $3.8M | $3.3M | $0 | $0 |
| Stock Repurchases | $0 | $599.9M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-72.3M | $-652.1M | $-247.5M | $100.2M | $914.9M | $140.7M | $14.8M | $245.1M |
| Net Change in Cash | $557.6M | $443.6M | $515.4M | $-173.9M | $-95.5M | $308.9M | $8.4M | $-172.9M |
| Free Cash Flow | $1.89B | $1.15B | $772.6M | $-252.8M | $137.5M | $164.5M | $9.9M | $-286.5M |