| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income (loss) | ||||||||
- | - | - | - | - | 2,348 | 2,296 | 386 | -0 |
Net loss | ||||||||
-268,900 | - | - | - | -74,300 | - | - | - | - |
Adjustments to reconcile net loss to net cash used for operating activities: | ||||||||
Depreciation | ||||||||
14,200 | - | - | - | 14,200 | - | - | - | - |
Amortization | ||||||||
36,300 | - | - | - | 35,400 | - | - | - | - |
Deferred income taxes | ||||||||
-3,600 | - | - | - | -3,500 | - | - | - | - |
Amortization of debt discount and issuance costs | ||||||||
5,900 | - | - | - | 7,500 | - | - | - | - |
Loss on extinguishment of debt | ||||||||
-174,000 | - | - | - | 0 | - | - | - | - |
Changes in operating working capital | ||||||||
134,400 | - | - | - | 11,900 | - | - | - | - |
Other | ||||||||
-18,200 | - | - | - | -1,100 | - | - | - | - |
Net cash used for operating activities | ||||||||
-194,700 | 2,027 | 2,957 | 38,438 | -33,700 | - | - | - | - |
Cash flows from investing activities: | ||||||||
Capital expenditures | ||||||||
6,700 | - | - | - | 10,700 | - | - | - | - |
Investments in capitalized software | ||||||||
1,800 | - | - | - | 3,900 | - | - | - | - |
Proceeds from disposition of property, plant and equipment | ||||||||
0 | - | - | - | 3,800 | - | - | - | - |
Net cash used for investing activities | ||||||||
-8,500 | - | - | - | -10,800 | - | - | - | - |
Cash flows from financing activities: | ||||||||
Borrowings from ABL revolving credit facility | ||||||||
324,200 | - | - | - | 113,400 | - | - | - | - |
Repayments of ABL revolving credit facility | ||||||||
193,100 | - | - | - | 172,800 | - | - | - | - |
Borrowing on Term Loan, net of discount | ||||||||
2,189,000 | - | - | - | 0 | - | - | - | - |
Repayment on Prior Term Loan | ||||||||
2,070,000 | - | - | - | 0 | - | - | - | - |
Repayment of Prior Notes | ||||||||
1,370,000 | - | - | - | 0 | - | - | - | - |
Payment of redemption premiums | ||||||||
75,000 | - | - | - | 0 | - | - | - | - |
Payments of Debt Issuance Costs | ||||||||
11,200 | - | - | - | 0 | - | - | - | - |
Proceeds from reverse recapitalization, net | ||||||||
1,827,000 | - | - | - | 0 | - | - | - | - |
Payment to Vertiv Stockholder | ||||||||
341,600 | - | - | - | 0 | - | - | - | - |
Net cash provided by (used for) financing activities | ||||||||
279,300 | 1,300 | 0 | 60,100 | -59,400 | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-6,400 | - | - | - | 1,400 | - | - | - | - |
Increase (decrease) in cash, cash equivalents and restricted cash | ||||||||
69,700 | 3,327 | 2,957 | 107,938 | -102,500 | 2,036 | 1,870 | 691,811 | 0 |
Changes in operating working capital | ||||||||
Accounts receivables | ||||||||
-68,200 | - | - | - | -56,300 | - | - | - | - |
Inventories | ||||||||
44,500 | - | - | - | 3,100 | - | - | - | - |
Other current assets | ||||||||
-1,400 | - | - | - | 28,200 | - | - | - | - |
Increase in deferred tax receivable | ||||||||
- | - | - | - | - | - | - | - | 0 |
Accounts payable | ||||||||
-43,400 | 4,828 | 722 | 64,067 | -64,200 | 443 | 74 | 123 | 0 |
Accrued expenses and other liabilities | ||||||||
-120,300 | -0 | 0 | -18,094 | 18,000 | - | - | - | - |
Income taxes | ||||||||
4,200 | - | - | - | 9,300 | - | - | - | - |