Linde plc (LIN) Financial Statements (2024 and earlier)

Company Profile

Business Address FORGE, 43 CHURCH STREET WEST
WOKING SURREY, GU216HT
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 281 - Industrial Inorganic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,6645,4362,8233,7542,7004,466
Cash and cash equivalents4,6645,4362,8233,7542,7004,466
Receivables4,7184,5594,4994,1674,3224,297
Inventory, net of allowances, customer advances and progress billings2,1151,9781,7331,7291,6971,651
Inventory2,1151,9781,7331,7291,6971,651
Contract with customer, asset, after allowance for credit loss196124134162368283
Disposal group, including discontinued operation     1255,498
Other current assets9279509701,1121,1401,077
Total current assets:12,62013,04710,15910,92410,35217,272
Noncurrent Assets
Property, plant and equipment     29,06429,717
Long-term investments and receivables2,1902,3502,6192,0612,0271,792
Long-term investments 2,1902,3502,6192,0612,0271,838
Accounts and financing receivable, after allowance for credit loss     (46)
Intangible assets, net (including goodwill)39,15038,23740,84044,38543,15643,097
Goodwill26,75125,81727,03828,20127,01926,874
Intangible assets, net (excluding goodwill)12,39912,42013,80216,18416,13716,223
Other noncurrent assets2,2992,4761,9842,1482,0131,462
Other undisclosed noncurrent assets24,55223,54826,00328,711 46
Total noncurrent assets:68,19166,61171,44677,30576,26076,114
TOTAL ASSETS:80,81179,65881,60588,22986,61293,386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6843,6083,9323,6373,6363,876
Taxes payable429542370657
Accounts payable3,0202,9953,5033,0953,2663,219
Accrued liabilities 664613    
Deferred revenue1,9013,0732,9401,7691,758
Debt5,9765,7162,8724,0023,2633,008
Disposal group, including discontinued operation     2768
Other liabilities4,1564,0823,8994,3323,5013,758
Contract with customer, liability1,546
Total current liabilities:15,71716,47913,64313,74012,16012,956
Noncurrent Liabilities
Long-term debt and lease obligation, including:13,39712,19811,33512,15210,69312,288
Long-term debt, excluding current maturities13,39712,19811,33512,15210,69312,288
Finance lease, liability 143114129125117
Other undisclosed long-term debt and lease obligation (143)(114)(747)(794)(833) 
Liabilities, other than long-term debt10,6029,22110,42712,22312,01211,046
Accounts payable and accrued liabilities     235 
Deferred revenue 1,049    
Contract with customer, liability7,611
Deferred income tax liabilities 5,7495,8866,2396,7046,889
Other liabilities3,8042,7954,1885,5194,8883,435
Operating lease, liability  540618669716
Other undisclosed noncurrent liabilities  373759532112 
Total noncurrent liabilities:23,99921,79222,52124,90722,81723,334
Total liabilities:39,71638,27136,16438,64734,97736,290
Temporary equity, carrying amount1313131311316
Equity
Equity, attributable to parent39,72040,02844,03547,31749,07451,596
Common stock111111
Treasury stock, value(3,133)(14,737)(9,808)(5,374)(3,156)(629)
Additional paid in capital39,81240,00540,18040,20240,20140,151
Accumulated other comprehensive loss(5,805)(5,782)(5,048)(4,690)(4,814)(4,456)
Retained earnings8,84520,54118,71017,17816,84216,529
Equity, attributable to noncontrolling interest1,3621,3461,3932,2522,4485,484
Total equity:41,08241,37445,42849,56951,52257,080
TOTAL LIABILITIES AND EQUITY:80,81179,65881,60588,22986,61293,386

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues32,85433,36430,79327,24328,22814,900
Cost of revenue
(Cost of Goods and Services Sold)
(17,492)(19,450)(17,543)(15,383)(16,644) 
Gross profit:15,36213,91413,25011,86011,58414,900
Operating expenses(7,297)(8,483)(7,967)(7,971)(8,152)(278)
Other operating income (expense), net(41)(62)(26)(61)6818
Other nonrecurring (income) expense   (273)(506)(567)(309)
Other undisclosed operating loss   (273)(506)(567)(9,393)
Operating income:8,0245,3694,9843,3222,9335,247
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
164237192177324
Interest and debt expense (480)(277)(77)(115)(38)(202)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes280214    
Income from continuing operations before equity method investments, income taxes:7,9885,5435,0993,3842,9275,049
Income from equity method investments1671721198511456
Income from continuing operations before income taxes:8,1555,7155,2183,4693,0415,105
Income tax expense(1,814)(1,434)(1,262)(847)(769)(817)
Income from continuing operations:6,3414,2813,9562,6222,2724,288
Income before gain (loss) on sale of properties:3,9612,6262,3814,405
Income from discontinued operations   54109117
Other undisclosed net loss     (2) 
Net income:6,3414,2813,9612,6262,3794,405
Net loss attributable to noncontrolling interest     (2)(3)
Other undisclosed net loss attributable to parent(142)(134)(135)(125)(92)(21)
Net income available to common stockholders, diluted:6,1994,1473,8262,5012,2854,381

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:6,3414,2813,9612,6262,3794,405
Other comprehensive income (loss)(35)(778)(358)157(435)(206)
Other undisclosed comprehensive income (loss)     2(93)
Comprehensive income:6,3063,5033,6032,7831,9464,106
Comprehensive loss, net of tax, attributable to noncontrolling interest(130)(90)(135)(158)(19)(83)
Comprehensive income, net of tax, attributable to parent:6,1763,4133,4682,6251,9274,023

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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