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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Share Capital
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2019 [1]   118,261,955      
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)  
Stock issuance (in shares)   123,900,000      
Stock issuance 1,195.1   1,195.1    
Merger recapitalization and stock issuance related to acquisition (in shares)   86,249,750      
Merger recapitalization and stock issuance related to acquisition $ 179.4   179.4    
Exercise of warrants (in shares) 13,600,000 13,612,907 [2]      
Exercise of warrants [2] $ 260.4   260.4    
Stock-based compensation 13.0   13.0    
Dividend payment (3.3)     (3.3)  
Other merger adjustment (0.4)   (0.4)    
Other comprehensive (loss) income, net of tax 33.4       33.4
Ending Balance (in shares) at Dec. 31, 2020   342,024,612      
Ending balance at Dec. 31, 2020 512.1 $ 0.0 1,791.8 (1,331.2) 51.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 119.6     119.6  
Merger recapitalization and stock issuance related to acquisition (in shares) [3]   23,081,996      
Merger recapitalization and stock issuance related to acquisition [3] 601.1        
Exercise of employee stock options (in shares)   370,513      
Exercise of employee stock options 4.6   4.6    
Stock comp activity, net of withholdings for tax (in shares) [4]   620,570      
Stock comp activity, net of withholdings for tax [4] 15.8   15.8    
Employee 401K match with Vertiv stock (in shares)   357,344      
Employee 401K match with Vertiv stock 8.2   8.2    
Exercise of warrants (in shares) [5]   9,346,822      
Exercise of warrants [5] 176.0   176.0    
Dividend payment (3.8)     (3.8)  
Other comprehensive (loss) income, net of tax $ (15.9)       (15.9)
Ending Balance (in shares) at Dec. 31, 2021 375,801,857 375,801,857      
Ending balance at Dec. 31, 2021 $ 1,417.7 $ 0.0 2,597.5 (1,215.4) 35.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) $ 76.6     76.6  
Exercise of employee stock options (in shares) 264,552 202,724      
Exercise of employee stock options $ 3.1   3.1    
Stock comp activity, net of withholdings for tax (in shares) [6]   563,597      
Stock comp activity, net of withholdings for tax [6] 20.4   20.4    
Employee 401K match with Vertiv stock (in shares)   800,659      
Employee 401K match with Vertiv stock 9.7   9.7    
Dividend payment (3.8)     (3.8)  
Other comprehensive (loss) income, net of tax $ (81.8)       (81.8)
Ending Balance (in shares) at Dec. 31, 2022 377,368,837 377,368,837      
Ending balance at Dec. 31, 2022 $ 1,441.9 $ 0.0 $ 2,630.7 $ (1,142.6) $ (46.2)
[1] 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).
[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] On November 1, 2021 the Company issued 23,081,996 shares valued at $601.1 for the acquisition of E&I.
[4] Net stock compensation activity includes 943,164 vested shares offset by 322,594 shares withheld for taxes valued at $7.3 and stock-based compensation of $23.2.
[5] The exercise of warrants includes $107.5 of cash received for the exercise of Public Warrants.
[6] Net stock compensation activity includes 876,358 vested shares offset by 312,761 shares withheld for taxes valued at $4.3 and stock-based compensation of $24.7.