XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Condensed Consolidated Statements of Equity (Deficit) - USD ($)
$ in Millions
Total
Share Capital
Share Capital
Previously Reported
Share Capital
Restatement Adjustment
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2016 $ 1,120.0 $ 0.0     $ 1,301.7 $ (171.2) $ (10.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (369.6) 0.0     0.0 (369.6) 0.0
Ending balance at Dec. 31, 2017 (129.6) 0.0     277.7 (540.8) 133.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Conversion of units of share capital       117,261,955      
Net loss (314.0) $ 0.0     0.0 (314.0) 0.0
Ending balance (in shares) at Dec. 31, 2018   118,261,955 [1] 1,000,000        
Ending balance at Dec. 31, 2018 (540.3) $ 0.0     277.7 (859.8) 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Conversion of units of share capital       117,261,955      
Net loss (74.3)         (74.3)  
Other comprehensive loss, net of tax 6.7           6.7
Ending balance (in shares) at Mar. 31, 2019   118,261,955 [1] 1,000,000        
Ending balance at Mar. 31, 2019 (607.9) $ 0.0     277.7 (934.1) 48.5
Beginning balance (in shares) at Dec. 31, 2018   118,261,955 [1] 1,000,000        
Beginning balance at Dec. 31, 2018 (540.3) $ 0.0     277.7 (859.8) 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Conversion of units of share capital       117,261,955      
Ending balance (in shares) at Jun. 30, 2019   118,261,955 1,000,000        
Ending balance at Jun. 30, 2019 (638.2) $ 0.0     277.7 (953.0) 37.1
Beginning balance (in shares) at Dec. 31, 2018   118,261,955 [1] 1,000,000        
Beginning balance at Dec. 31, 2018 (540.3) $ 0.0     277.7 (859.8) 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (106.9)            
Ending balance (in shares) at Sep. 30, 2019   118,261,955          
Ending balance at Sep. 30, 2019 (696.2) $ 0.0     277.7 (966.7) (7.2)
Beginning balance (in shares) at Dec. 31, 2018   118,261,955 [1] 1,000,000        
Beginning balance at Dec. 31, 2018 (540.3) $ 0.0     277.7 (859.8) 41.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Conversion of units of share capital       117,261,955      
Net loss $ (140.8) $ 0.0     0.0 (140.8) 0.0
Ending balance (in shares) at Dec. 31, 2019 118,261,955 118,261,955 [1] 1,000,000        
Ending balance at Dec. 31, 2019 $ (704.8) $ 0.0     277.7 (1,000.6) 18.1
Beginning balance (in shares) at Mar. 31, 2019   118,261,955 [1] 1,000,000        
Beginning balance at Mar. 31, 2019 (607.9) $ 0.0     277.7 (934.1) 48.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (18.9)         (18.9)  
Other comprehensive loss, net of tax (11.4)           (11.4)
Ending balance (in shares) at Jun. 30, 2019   118,261,955 1,000,000        
Ending balance at Jun. 30, 2019 (638.2) $ 0.0     277.7 (953.0) 37.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (13.7)         (13.7)  
Other comprehensive loss, net of tax (44.3)           (44.3)
Ending balance (in shares) at Sep. 30, 2019   118,261,955          
Ending balance at Sep. 30, 2019 $ (696.2) $ 0.0     277.7 (966.7) (7.2)
Beginning balance (in shares) at Dec. 31, 2019 118,261,955 118,261,955 [1] 1,000,000        
Beginning balance at Dec. 31, 2019 $ (704.8) $ 0.0     277.7 (1,000.6) 18.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Tax Receivable Agreement (133.4)       (133.4)    
Net loss (268.9)         (268.9)  
Stock issuance (in shares)   123,900,000          
Stock issuance 1,195.1       1,195.1    
Merger recapitalization (in shares)   86,249,750          
Merger recapitalization 295.8       295.8    
Stock-based compensation 0.7       0.7    
Other comprehensive loss, net of tax (52.6)           (52.6)
Ending balance (in shares) at Mar. 31, 2020   328,411,705          
Ending balance at Mar. 31, 2020 $ 331.9 $ 0.0     1,635.9 (1,269.5) (34.5)
Beginning balance (in shares) at Dec. 31, 2019 118,261,955 118,261,955 [1] 1,000,000        
Beginning balance at Dec. 31, 2019 $ (704.8) $ 0.0     277.7 (1,000.6) 18.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss $ (258.5)            
Ending balance (in shares) at Sep. 30, 2020 328,411,705 328,411,705          
Ending balance at Sep. 30, 2020 $ 371.7 $ 0.0     1,641.9 (1,259.1) (11.1)
Beginning balance (in shares) at Mar. 31, 2020   328,411,705          
Beginning balance at Mar. 31, 2020 331.9 $ 0.0     1,635.9 (1,269.5) (34.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss 26.2         26.2  
Stock-based compensation 2.5       2.5    
Other merger adjustment (0.4)       (0.4)    
Other comprehensive loss, net of tax (9.3)           (9.3)
Ending balance (in shares) at Jun. 30, 2020   328,411,705          
Ending balance at Jun. 30, 2020 350.9 $ 0.0     1,638.0 (1,243.3) (43.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (15.8)         (15.8)  
Stock-based compensation 3.9       3.9    
Other comprehensive loss, net of tax $ 32.7           32.7
Ending balance (in shares) at Sep. 30, 2020 328,411,705 328,411,705          
Ending balance at Sep. 30, 2020 $ 371.7 $ 0.0     $ 1,641.9 $ (1,259.1) $ (11.1)
[1] The shares and earnings per share available to holders of the Company’s ordinary shares, prior to the Business Combination, have been recasted as shares reflecting the exchange ratio established in the Business Combination (1.0 Vertiv Holdings share to 118.261955 Vertiv Holdings Co shares).