Balance Sheet Linde plc

Equities

LIN

IE000S9YS762

Commodity Chemicals

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-16 pm EST			5-day change	1st Jan Change
432.49 ^USD	+1.05%		+2.97%	+3.30%

Jan. 16	Itm Power plc Announces Board Changes	CI
Jan. 14	BofA Adjusts Price Target on Linde to $537 From $531, Keeps Buy Rating	MT

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Published financial data: LINDE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	28.23B	27.24B	30.79B	33.36B	32.85B
Total Revenues	28.23B	27.24B	30.79B	33.36B	32.85B
Cost of Goods Sold, Total	16.63B	15.38B	17.54B	19.45B	17.49B
Gross Profit	11.6B	11.86B	13.25B	13.91B	15.36B
Selling General & Admin Expenses, Total	3.42B	3.02B	3B	2.87B	3.13B
R&D Expenses	184M	152M	143M	143M	146M
Depreciation & Amortization - (IS)	4.68B	4.63B	4.64B	4.2B	3.82B
Other Operating Expenses	-68M	-40M	-26M	40M	-10M
Other Operating Expenses, Total	8.22B	7.75B	7.75B	7.26B	7.08B
Operating Income	3.38B	4.11B	5.5B	6.66B	8.28B
Interest Expense, Total	-246M	-239M	-170M	-215M	-413M
Interest And Investment Income	112M	55M	40M	117M	197M
Net Interest Expenses	-134M	-184M	-130M	-98M	-216M
Income (Loss) On Equity Invest.	122M	95M	132M	190M	169M
Currency Exchange Gains (Loss)	-11M	-28M	-29M	-18M	-47M
Other Non Operating Income (Expenses)	96M	85M	53M	35M	16M
EBT, Excl. Unusual Items	3.45B	4.07B	5.53B	6.77B	8.2B
Restructuring Charges	-311M	-396M	-343M	-78M	-52M
Merger & Related Restructuring Charges	-202M	-115M	13M	-74M	-
Gain (Loss) On Sale Of Investments	-	-	52M	-	-
Gain (Loss) On Sale Of Assets	174M	-78M	-31M	-9M	6M
Other Unusual Items	-73M	-16M	-	-890M	-
EBT, Incl. Unusual Items	3.04B	3.47B	5.22B	5.72B	8.16B
Income Tax Expense	769M	847M	1.26B	1.43B	1.81B
Earnings From Continuing Operations	2.27B	2.62B	3.96B	4.28B	6.34B
Earnings Of Discontinued Operations	102M	4M	5M	-	-
Net Income to Company	2.37B	2.63B	3.96B	4.28B	6.34B
Minority Interest	-89M	-125M	-135M	-134M	-142M
Net Income - (IS)	2.28B	2.5B	3.83B	4.15B	6.2B
Net Income to Common Incl Extra Items	2.28B	2.5B	3.83B	4.15B	6.2B
Net Income to Common Excl. Extra Items	2.18B	2.5B	3.82B	4.15B	6.2B
Per Share Items
Net EPS - Basic	4.22	4.75	7.4	8.3	12.7
Basic EPS - Continuing Operations	4.03	4.74	7.39	8.3	12.7
Basic Weighted Average Shares Outstanding	541M	527M	517M	500M	488M
Net EPS - Diluted	4.19	4.71	7.33	8.23	12.59
Diluted EPS - Continuing Operations	4	4.7	7.32	8.23	12.59
Diluted Weighted Average Shares Outstanding	545M	531M	522M	504M	492M
Normalized Basic EPS	3.82	4.6	6.42	8.19	10.21
Normalized Diluted EPS	3.8	4.56	6.36	8.12	10.12
Dividend Per Share	3.5	3.85	4.24	4.68	5.1
Payout Ratio	82.76	81.09	57.21	56.52	40.04
Supplemental Items
EBITDA	8.06B	8.73B	10.14B	10.86B	12.1B
EBITA	4.12B	4.87B	6.22B	7.23B	8.83B
EBIT	3.38B	4.11B	5.5B	6.66B	8.28B
EBITDAR	-	-	10.45B	11.14B	12.38B
Effective Tax Rate - (Ratio)	25.29	24.42	24.19	25.09	22.24
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	1.07B	1.22B	1.52B	1.82B	1.9B
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-303M	-368M	-254M	-383M	-84M
Normalized Net Income	2.07B	2.42B	3.32B	4.09B	4.98B
Interest Capitalized	38M	38M	57M	62M	67M
Non-Cash Pension Expense	-35M	-178M	-190M	-237M	-164M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	184M	152M	143M	143M	146M
Net Rental Expense, Total	-	-	317M	284M	284M
Imputed Operating Lease Interest Expense	-	-	35.49M	37.01M	55.77M
Imputed Operating Lease Depreciation	-	-	282M	247M	228M
Stock-Based Comp., Other (Total)	95M	133M	128M	107M	141M
Total Stock-Based Compensation	95M	133M	128M	107M	141M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.7B	3.75B	2.82B	5.44B	4.66B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	2.7B	3.75B	2.82B	5.44B	4.66B
Accounts Receivable, Total	4.69B	4.33B	4.63B	4.68B	4.91B
Other Receivables	275M	261M	196M	225M	178M
Total Receivables	4.96B	4.59B	4.83B	4.91B	5.09B
Inventory	1.7B	1.73B	1.73B	1.98B	2.12B
Prepaid Expenses	401M	401M	405M	433M	410M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	589M	450M	369M	292M	339M
Total Current Assets	10.35B	10.92B	10.16B	13.05B	12.62B
Gross Property Plant And Equipment	45.34B	49.09B	49.47B	51.56B	56.26B
Accumulated Depreciation	-15.25B	-19.29B	-22.45B	-27.14B	-30.77B
Net Property Plant And Equipment	30.09B	29.8B	27.02B	24.42B	25.49B
Long-term Investments	2.07B	2.08B	2.64B	2.53B	2.38B
Goodwill	27.02B	28.2B	27.04B	25.82B	26.75B
Other Intangibles, Total	16.14B	16.18B	13.8B	12.42B	12.4B
Deferred Tax Assets Long-Term	243M	268M	242M	230M	226M
Deferred Charges Long-Term	90M	96M	62M	66M	60M
Other Long-Term Assets, Total	615M	671M	646M	1.12B	888M
Total Assets	86.61B	88.23B	81.6B	79.66B	80.81B
Liabilities
Accounts Payable, Total	3.27B	3.1B	3.5B	3B	3.02B
Accrued Expenses, Total	2.25B	2.42B	2.41B	2.59B	2.61B
Short-term Borrowings	1.73B	3.25B	1.16B	4.12B	4.71B
Current Portion of Long-Term Debt	1.5B	751M	1.71B	1.6B	1.26B
Current Portion of Leases	292M	275M	262M	223M	227M
Current Income Taxes Payable	370M	542M	429M	613M	664M
Unearned Revenue Current, Total	1.76B	1.77B	2.94B	3.07B	1.9B
Other Current Liabilities	997M	1.64B	1.22B	1.26B	1.32B
Total Current Liabilities	12.16B	13.74B	13.64B	16.48B	15.72B
Long-Term Debt	10.58B	12.15B	11.34B	12.2B	13.4B
Long-Term Leases	833M	794M	747M	654M	715M
Unearned Revenue Non Current	-	-	-	-	1.05B
Pension & Other Post Retirement Benefits	2.55B	2.96B	1.8B	640M	693M
Deferred Tax Liability Non Current	6.89B	6.7B	6.24B	5.89B	5.75B
Other Non Current Liabilities	1.97B	2.29B	2.4B	2.41B	2.4B
Total Liabilities	34.98B	38.65B	36.16B	38.27B	39.72B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	40.2B	40.2B	40.18B	40B	39.81B
Retained Earnings	16.84B	17.18B	18.71B	20.54B	8.84B
Treasury Stock	-3.16B	-5.37B	-9.81B	-14.74B	-3.13B
Comprehensive Income and Other	-4.81B	-4.69B	-5.05B	-5.78B	-5.8B
Total Common Equity	49.07B	47.32B	44.04B	40.03B	39.72B
Minority Interest	2.56B	2.26B	1.41B	1.36B	1.38B
Total Equity	51.64B	49.58B	45.44B	41.39B	41.1B
Total Liabilities And Equity	86.61B	88.23B	81.6B	79.66B	80.81B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	533M	523M	508M	492M	482M
ECS Total Common Shares Outstanding	534M	523M	509M	492M	482M
Book Value / Share	91.83	90.42	86.57	81.28	82.33
Tangible Book Value	5.92B	2.93B	3.2B	1.79B	570M
Tangible Book Value Per Share	11.07	5.6	6.28	3.64	1.18
Total Debt	14.93B	17.22B	15.22B	18.79B	20.32B
Net Debt	12.23B	13.47B	12.39B	13.36B	15.65B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.3B	2.77B	1.54B	30M	344M
Debt Equivalent Oper. Leases	-	-	2.54B	2.27B	2.27B
Minority Interest, Total (Incl. Fin. Div)	2.56B	2.26B	1.41B	1.36B	1.38B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	396M	411M	399M	567M	614M
Inventories - Work In Process, Total	331M	337M	334M	368M	390M
Inventories - Finished Goods, Total	970M	981M	1B	1.04B	1.11B
Land - (BS)	1.23B	1.26B	1.12B	1.05B	1.09B
Buildings, Total	3.16B	3.33B	3.26B	3B	3.28B
Machinery, Total	28.3B	31.2B	32.09B	33.99B	37.12B
Full Time Employees	79.89K	74.21K	72.33K	65.01K	66.32K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	306M	471M	405M	405M	457M
Order Backlog	4.4B	3.6B	3.5B	5.7B	4.9B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.28B	2.5B	3.83B	4.15B	6.2B
Depreciation & Amortization - CF	3.94B	3.86B	3.91B	3.63B	3.27B
Amortization of Goodwill and Intangible Assets - (CF)	735M	765M	723M	571M	550M
Depreciation & Amortization, Total	4.68B	4.63B	4.64B	4.2B	3.82B
Minority Interest in Earnings - (CF)	89M	125M	135M	134M	142M
(Gain) Loss From Sale Of Asset	-108M	-	-	-	-
Asset Writedown & Restructuring Costs	304M	258M	98M	-	-
Stock-Based Compensation (CF)	95M	133M	128M	107M	141M
Net Cash From Discontinued Operations	69M	-	-5M	-	-
Other Operating Activities, Total	-1.06B	-221M	-273M	470M	-159M
Change In Accounts Receivable	167M	109M	754M	-113M	-254M
Change In Inventories	-81M	18M	-129M	-347M	-127M
Change In Accounts Payable	-174M	109M	447M	307M	-168M
Change in Other Net Operating Assets	-73M	-229M	109M	-45M	-285M
Cash from Operations	6.19B	7.43B	9.72B	8.86B	9.3B
Capital Expenditure	-3.68B	-3.4B	-3.09B	-3.17B	-3.79B
Cash Acquisitions	-225M	-68M	-88M	-110M	-953M
Divestitures	5.1B	482M	167M	195M	70M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-60M	-	-	-	-
Cash from Investing	1.13B	-2.99B	-3.01B	-3.09B	-4.67B
Short Term Debt Issued, Total	224M	1.2B	-	3.05B	554M
Long-Term Debt Issued, Total	99M	2.8B	2.28B	3.21B	2.19B
Total Debt Issued	323M	3.99B	2.28B	6.26B	2.74B
Short Term Debt Repaid, Total	-	-	-1.33B	-	-
Long-Term Debt Repaid, Total	-1.58B	-2.68B	-1.47B	-1.78B	-1.68B
Total Debt Repaid	-1.58B	-2.68B	-2.8B	-1.78B	-1.68B
Issuance of Common Stock	72M	47M	50M	36M	33M
Repurchase of Common Stock	-2.66B	-2.46B	-4.61B	-5.17B	-3.96B
Common Dividends Paid	-1.89B	-2.03B	-2.19B	-2.34B	-2.48B
Common & Preferred Stock Dividends Paid	-1.89B	-2.03B	-2.19B	-2.34B	-2.48B
Other Financing Activities, Total	-3.26B	-220M	-323M	-88M	-53M
Cash from Financing	-8.99B	-3.34B	-7.59B	-3.09B	-5.4B
Foreign Exchange Rate Adjustments	-77M	-44M	-61M	-74M	-7M
Net Change in Cash	-1.75B	1.05B	-931M	2.61B	-772M
Supplemental Items
Cash Interest Paid	275M	322M	233M	170M	451M
Cash Income Tax Paid (Refund)	1.36B	1.07B	1.71B	1.74B	1.96B
Levered Free Cash Flow	6.89B	5.08B	5.89B	4.92B	3.72B
Unlevered Free Cash Flow	7.04B	5.23B	6B	5.05B	3.97B
Change In Net Working Capital	-3.84B	-1.31B	-880M	244M	1.37B
Net Debt Issued / Repaid	-1.26B	1.31B	-514M	4.48B	1.06B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.35	2.94	4.05	5.16	6.45
Return on Total Capital	3.04	3.85	5.39	6.89	8.51
Return On Equity %	4.18	5.18	8.33	9.86	15.38
Return on Common Equity	4.34	5.18	8.37	9.87	15.55
Margin Analysis
Gross Profit Margin %	41.08	43.53	43.03	41.7	46.76
SG&A Margin	12.13	11.07	9.73	8.6	9.53
EBITDA Margin %	28.54	32.05	32.92	32.55	36.81
EBITA Margin %	14.58	17.88	20.21	21.66	26.87
EBIT Margin %	11.97	15.07	17.86	19.95	25.2
Income From Continuing Operations Margin %	8.05	9.62	12.85	12.83	19.3
Net Income Margin %	8.09	9.18	12.42	12.43	18.87
Net Avail. For Common Margin %	7.73	9.17	12.41	12.43	18.87
Normalized Net Income Margin	7.33	8.89	10.78	12.27	15.17
Levered Free Cash Flow Margin	24.41	18.66	19.12	14.75	11.31
Unlevered Free Cash Flow Margin	24.95	19.21	19.47	15.15	12.09
Asset Turnover
Asset Turnover	0.31	0.31	0.36	0.41	0.41
Fixed Assets Turnover	0.94	0.91	1.08	1.3	1.32
Receivables Turnover (Average Receivables)	6.09	6.04	6.87	7.16	6.85
Inventory Turnover (Average Inventory)	9.94	8.98	10.13	10.48	8.55
Short Term Liquidity
Current Ratio	0.85	0.8	0.74	0.79	0.8
Quick Ratio	0.63	0.61	0.56	0.63	0.62
Operating Cash Flow to Current Liabilities	0.51	0.54	0.71	0.54	0.59
Days Sales Outstanding (Average Receivables)	59.93	60.58	53.11	50.96	53.31
Days Outstanding Inventory (Average Inventory)	36.74	40.76	36.01	34.82	42.7
Average Days Payable Outstanding	70.96	75.51	68.62	60.21	62.27
Cash Conversion Cycle (Average Days)	25.71	25.82	20.51	25.57	33.74
Long Term Solvency
Total Debt/Equity	28.92	34.74	33.49	45.4	49.43
Total Debt / Total Capital