10-Q Filing

Custom Truck One Source, Inc. CIK: 1709682 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-015386`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	cic-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 31 Cash Flow Statement 56

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$234.95K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.36K	USD	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$948.02K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.92K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.70K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$608.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$60.06K	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$406.39M	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$402.50M	USD	Point-in-time
Total Assets	`Assets`	$406.45M	USD	Point-in-time
Total Assets	`Assets`	$403.11M	USD	Point-in-time
Current liabilities - Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$176.47K	USD	Point-in-time
Current liabilities - Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$106.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$176.47K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$106.56K	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$14.09M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$14.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.26M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,341,698 and 38,384,487 shares at redemption value as of September 30, 2018 and December 31, 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$383.84M	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,341,698 and 38,384,487 shares at redemption value as of September 30, 2018 and December 31, 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$387.25M	USD	Point-in-time
Preference Shares, $0.0001 par value; 1,000,000 authorized; none issued and outstanding	`PreferredStockValue`	-	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`	$2.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.78M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-777.47K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$2.63M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$406.45M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$403.11M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	38.45M	shares	2 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$172.07K	USD	2 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$1.23M	USD	3 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$167.02K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$324.05K	USD	1 Quarter
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	-	shares	1 Quarter
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	38.34M	shares	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-167.02K	USD	1 Quarter
Net income (loss) per ordinary share - basic and diluted	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$957.09K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-172.07K	USD	2 Qtrs
Net income (loss) per ordinary share - basic and diluted	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$3.70M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-324.05K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.23M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.74M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.62M	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$12.46K	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$12.46K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-167.02K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-172.07K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.41M	USD	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.57M	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.92M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.10M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.92M	shares	1 Quarter
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-167.02K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-172.07K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.41M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$1.74M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$4.62M	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	2 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$12.46K	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$12.46K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-68.22K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$164.76K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$69.90K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-69.91K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.23M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-266.93K	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToInvestInDecommissioningFund`	$402.50M	USD	2 Qtrs
Cash withdrawn from the Trust Account	`ProceedsFromHedgeInvestingActivities`	-	USD	2 Qtrs
Cash withdrawn from the Trust Account	`ProceedsFromHedgeInvestingActivities`	$750.00K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-402.50M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$750.00K	USD	3 Qtrs
Proceeds from issuance of Class B ordinary shares to initial shareholders	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from issuance of Class B ordinary shares to initial shareholders	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$394.45M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	-	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$9.80M	USD	2 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	$5.10K	USD	2 Qtrs
Proceeds from note payable to shareholder	`ProceedsFromNotesPayable`	-	USD	3 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
Repayment of note payable to shareholder	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$565.16K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$403.71M	USD	2 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-480.56K	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$948.02K	USD	2 Qtrs
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$234.95K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$21.36K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$948.02K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$234.95K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$21.36K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$948.02K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	-	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$14.09M	USD	2 Qtrs
Initial classification of ordinary shares subject to redemption	`InitialClassificationOfOrdinarySharesSubjectToRedemption`	$384.61M	USD	2 Qtrs
Initial classification of ordinary shares subject to redemption	`InitialClassificationOfOrdinarySharesSubjectToRedemption`	-	USD	3 Qtrs
Change in value of ordinary shares subject to redemption	`ChangeInValueOfOrdinarySharesSubjectToRedemption`	$3.41M	USD	3 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.