10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001213900-19-003533`
Period End Date	20181231
Filing Date	20190304
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	cic-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 18 Cash Flow Statement 50 Stockholders Equity 15

Balance Sheet 42 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$468.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.34K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.92K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$608.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$469.60K	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$407.73M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$402.50M	USD	Point-in-time
Total Assets	`Assets`	$408.20M	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`	$90.88K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$176.47K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$90.88K	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`	$14.18M	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, 38,402,649 and 38,384,487 shares at redemption value as of December 31, 2018 and 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$389.02M	USD	Point-in-time
Class A Ordinary Shares, subject to possible redemption, 38,402,649 and 38,384,487 shares at redemption value as of December 31, 2018 and 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$383.84M	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`	$602.32K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.78M	USD	Point-in-time
Retain earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-777.47K	USD	Point-in-time
Retain earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$4.40M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$408.20M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$403.11M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$777.47K	USD	3 Qtrs
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	38.38M	shares	3 Qtrs
Operating costs	`OperatingCostsAndExpenses`	$1.55M	USD	Annual
Excludes an aggregate shares subject to redemption	`ExcludesAggregateSharesSubjectToRedemption`	38.40M	shares	Annual
Net income (loss) per ordinary share - income excluded from basic and diluted	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$4.99M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.55M	USD	Annual
Net income (loss) per ordinary share - income excluded from basic and diluted	`TemporaryEquityAccretionToRedemptionValueAdjustment`	-	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-777.47K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$6.68M	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$43.37K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-777.47K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.17M	USD	Annual
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.43M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.93M	shares	Annual
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Basic and diluted net income (loss) per ordinary share	`EarningsPerShareBasicAndDiluted`	$0.02	USD	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-777.47K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.17M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$6.68M	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$43.37K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-105.57K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$106.92K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$176.47K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-85.59K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-707.92K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.53M	USD	Annual
Investment of cash in Trust Account	`PaymentsToInvestInDecommissioningFund`	$402.50M	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	Annual
Cash withdrawn from Trust Account	`ProceedsFromHedgeInvestingActivities`	$1.50M	USD	Annual
Cash withdrawn from Trust Account	`ProceedsFromHedgeInvestingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.50M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-402.50M	USD	3 Qtrs
Proceeds from issuance of Class B ordinary shares to initial shareholders	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	3 Qtrs
Proceeds from issuance of Class B ordinary shares to initial shareholders	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$394.45M	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	-	USD	Annual
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$9.80M	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Proceeds from note payable to shareholder	`ProceedsFromNotesPayable`	$250.00K	USD	3 Qtrs
Proceeds from note payable to shareholder	`ProceedsFromNotesPayable`	-	USD	Annual
Repayment of note payable to shareholder	`RepaymentsOfNotesPayable`	$250.00K	USD	3 Qtrs
Repayment of note payable to shareholder	`RepaymentsOfNotesPayable`	-	USD	Annual
Advances from related party	`ProceedsFromRelatedPartyDebt`	$5.10K	USD	3 Qtrs
Advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayment of advances from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment of advances from related party	`RepaymentsOfRelatedPartyDebt`	$5.10K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$565.16K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$403.71M	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.67K	USD	Annual
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$501.93K	USD	3 Qtrs
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$468.25K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$468.25K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$501.93K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$14.09M	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	-	USD	Annual
Initial classification of ordinary shares subject to redemption	`InitialClassificationOfOrdinarySharesSubjectToRedemption`	$384.61M	USD	3 Qtrs
Initial classification of ordinary shares subject to redemption	`InitialClassificationOfOrdinarySharesSubjectToRedemption`	-	USD	Annual
Change in value of ordinary shares subject to redemption	`ChangeInValueOfOrdinarySharesSubjectToRedemption`	$-767.91K	USD	3 Qtrs
Change in value of ordinary shares subject to redemption	`ChangeInValueOfOrdinarySharesSubjectToRedemption`	$5.17M	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Sale of units, net of underwriting discount and offering expenses, units	`SaleOfUnitsShares`	40.25M	shares	3 Qtrs
Sale of private placement warrants	`PurchasedAggregateOfPrivatePlacementWarrants`	6.53M	shares	3 Qtrs
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ordinary shares issued to initial shareholders	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Sale of 40,250,000 Units, net of underwriting discount and offering expenses	`UnderWritingDiscountAndOfferingExpenses`	$379.80M	USD	3 Qtrs
Sale of 6,533,333 Private Placement Warrants	`StockIssuedDuringPeriodValueOther`	$9.80M	USD	3 Qtrs
Ordinary shares subject to possible redemption	`RedeemableInterestEquityCommonCarryingAmount`	$-5.17M	USD	Annual
Ordinary shares subject to possible redemption	`RedeemableInterestEquityCommonCarryingAmount`	$-383.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-777.47K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.17M	USD	Annual
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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