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Consolidated Statements of Shareholders' Equity (Statement) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Share Capital
Additional Paid in Capital
Accumulated Deficit
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Previously Reported
Previously Reported
Share Capital
Restatement Adjustment
Beginning balance (in shares) at Dec. 31, 2017     118,261,955 [1]           1,000,000  
Beginning balance at Dec. 31, 2017 $ (129.6) [1] $ (5.0) $ 0.0 [1] $ 277.7 [1] $ (540.8) [1] $ (5.0) $ 133.5 [1]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (314.0)       (314.0)          
Other comprehensive loss, net of tax (91.7)           (91.7)      
Ending Balance (in shares) at Dec. 31, 2018     118,261,955 [1]           1,000,000  
Ending balance at Dec. 31, 2018 [1] (540.3)   $ 0.0 277.7 (859.8)   41.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (140.8)       (140.8)          
Other comprehensive loss, net of tax $ (23.7)           (23.7)      
Ending Balance (in shares) at Dec. 31, 2019 118,261,955   118,261,955 [1]           1,000,000  
Ending balance at Dec. 31, 2019 [1] $ (704.8)   $ 0.0 277.7 (1,000.6)   18.1      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Tax Receivable Agreement       (133.4)            
Net income (loss) (208.3)             $ (268.9)   $ 60.6
Ending balance at Mar. 31, 2020 $ 276.2             331.9   (55.7)
Beginning balance (in shares) at Dec. 31, 2019 118,261,955   118,261,955 [1]           1,000,000  
Beginning balance at Dec. 31, 2019 [1] $ (704.8)   $ 0.0 277.7 (1,000.6)   18.1      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (264.3)             (242.7)   (21.6)
Ending balance at Jun. 30, 2020 $ 213.0             350.9   (137.9)
Beginning balance (in shares) at Dec. 31, 2019 118,261,955   118,261,955 [1]           1,000,000  
Beginning balance at Dec. 31, 2019 [1] $ (704.8)   $ 0.0 277.7 (1,000.6)   18.1      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (367.8)             (258.5)   (109.3)
Ending balance at Sep. 30, 2020 $ 146.1             371.7   (225.6)
Beginning balance (in shares) at Dec. 31, 2019 118,261,955   118,261,955 [1]           1,000,000  
Beginning balance at Dec. 31, 2019 [1] $ (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 income (loss) (327.3)       (327.3)     (183.6)    
Stock issuance (in shares)     123,900,000              
Stock issuance 1,195.1     1,195.1            
Merger recapitalization (in shares) [2]     86,249,750              
Merger recapitalization (2) [2] 179.4     179.4            
Exercise of warrants (in shares) [3]     13,612,907              
Exercise of warrants (3) [3] 260.4     260.4            
Stock-based compensation 13.0     13.0            
Dividends (3.3)       (3.3)          
Other merger adjustment (0.4)     (0.4)            
Other comprehensive loss, net of tax $ 33.4           33.4      
Ending Balance (in shares) at Dec. 31, 2020 342,024,612   342,024,612              
Ending balance at Dec. 31, 2020 $ 512.1   $ 0.0 1,791.8 (1,331.2)   51.5 668.3    
Beginning balance at Mar. 31, 2020 276.2             331.9   (55.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (56.0)             26.2   (82.2)
Ending balance at Jun. 30, 2020 213.0             350.9   (137.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (103.5)             (15.8)   (87.7)
Ending balance at Sep. 30, 2020 146.1             371.7   (225.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) $ 40.5             74.9   $ (34.4)
Exercise of warrants (in shares) 13,600,000                  
Ending Balance (in shares) at Dec. 31, 2020 342,024,612   342,024,612              
Ending balance at Dec. 31, 2020 $ 512.1   $ 0.0 $ 1,791.8 $ (1,331.2)   $ 51.5 $ 668.3    
[1] As a result of the restatement the merger recapitalization has been reduced by the fair value of $116.4 of Warrants as a liability as of February 7, 2020.
[2] The exercise of Warrants includes $156.5 of cash received during the year ended December 31, 2020 for the exercise of Public Warrants and a reduction of warrant liabilities related to the exercise of the Warrants.
[3] The shares and earnings per share available to holders of the Company’s common 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).