10-Q Filing

Custom Truck One Source, Inc. CIK: 1709682 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-011591`
Period End Date	20170930
Filing Date	20171108
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	cik0001709682-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 22 Income Statement 9 Cash Flow Statement 23

Balance Sheet 22 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$948.02K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$164.76K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.11M	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$402.50M	USD	Point-in-time
Total Assets	`Assets`	$403.61M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$69.90K	USD	Point-in-time
Advance from related party	`DueToRelatedPartiesCurrent`	$5.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$75.00K	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$14.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.16M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,445,027 shares at redemption value	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$384.45M	USD	Point-in-time
Preference Shares, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-172.07K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$403.61M	USD	Point-in-time

Income Statement 9 line items

Line Item	Tag	Value	Unit	Period
Operating and formation costs	`OperatingCostsAndExpenses`	$172.07K	USD	2 Qtrs
Excludes an aggregate shares subject to redemption	`ExcludesOfAggregateSharesHeldByInitialShareholders`	38.45M	shares	Point-in-time
Operating and formation costs	`OperatingCostsAndExpenses`	$167.02K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-167.02K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-172.07K	USD	2 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.10M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.57M	shares	2 Qtrs
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-167.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-172.07K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$164.76K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$69.90K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-266.93K	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsForHedgeInvestingActivities`	$402.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-402.50M	USD	2 Qtrs
Proceeds from issuance of Class B ordinary shares to initial shareholders	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$394.45M	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$9.80M	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$5.10K	USD	2 Qtrs
Proceeds from note payable to shareholder	`ProceedsFromNotesPayable`	$250.00K	USD	2 Qtrs
Repayment of note payable to shareholder	`RepaymentsOfNotesPayable`	$250.00K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$565.16K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$403.71M	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$948.02K	USD	2 Qtrs
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$948.02K	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$948.02K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$14.09M	USD	2 Qtrs
Initial classification of ordinary shares subject to redemption	`InitialClassificationOfOrdinarySharesSubjectToRedemption`	$384.61M	USD	2 Qtrs
Change in value of ordinary shares subject to redemption	`ChangeInValueOfOrdinarySharesSubjectToRedemption`	$-162.51K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.