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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,4362,8233,7542,7004,4660
Cash and cash equivalents5,4362,8233,7542,7004,4660
Receivables4,5594,4994,1674,3224,297 
Inventory, net of allowances, customer advances and progress billings1,9781,7331,7291,6971,651 
Inventory1,9781,7331,7291,6971,651 
Contract with customer, asset, after allowance for credit loss124134162368283
Disposal group, including discontinued operation    1255,498 
Other current assets9509701,1121,1401,0779
Total current assets:13,04710,15910,92410,35217,2729
Noncurrent Assets
Property, plant and equipment    29,06429,717 
Long-term investments and receivables2,3502,6192,0612,0271,792 
Long-term investments 2,3502,6192,0612,0271,838 
Accounts and financing receivable, after allowance for credit loss    (46) 
Intangible assets, net (including goodwill)38,23740,84044,38543,15643,097 
Goodwill25,81727,03828,20127,01926,874 
Intangible assets, net (excluding goodwill)12,42013,80216,18416,13716,223 
Other noncurrent assets2,4761,9842,1482,0131,462 
Other undisclosed noncurrent assets23,54826,00328,711 46 
Total noncurrent assets:66,61171,44677,30576,26076,114 
TOTAL ASSETS:79,65881,60588,22986,61293,3869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6083,9323,6373,6363,8762
Taxes payable429542370657 
Accounts payable2,9953,5033,0953,2663,219 
Accrued liabilities 613    2
Deferred revenue3,0732,9401,7691,758
Debt5,7162,8724,0023,2633,008 
Disposal group, including discontinued operation    2768 
Due to related parties     10
Contract with customer, liability1,546
Other liabilities4,0823,8994,3323,5013,758 
Total current liabilities:16,47913,64313,74012,16012,95611
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,19811,33512,15210,69312,288 
Long-term debt, excluding current maturities12,19811,33512,15210,69312,288 
Finance lease, liability 114129125117
Other undisclosed long-term debt and lease obligation (114)(747)(794)(833)  
Liabilities, other than long-term debt9,22110,42712,22312,01211,046 
Accounts payable and accrued liabilities    235  
Contract with customer, liability7,611
Deferred income tax liabilities 5,8866,2396,7046,889
Other liabilities2,7954,1885,5194,8883,435 
Operating lease, liability 540618669716
Other undisclosed noncurrent liabilities 373759532112  
Total noncurrent liabilities:21,79222,52124,90722,81723,334 
Total liabilities:38,27136,16438,64734,97736,29011
Temporary equity, carrying amount13131311316 
Equity
Equity, attributable to parent, including:40,02844,03547,31749,07451,596(2)
Common stock 111110
Treasury stock, value(14,737)(9,808)(5,374)(3,156)(629) 
Additional paid in capital40,00540,18040,20240,20140,1510
Accumulated other comprehensive loss(5,782)(5,048)(4,690)(4,814)(4,456)(0)
Retained earnings (accumulated deficit)20,54118,71017,17816,84216,529(2)
Receivable from shareholders or affiliates for issuance of capital stock      (0)
Other undisclosed equity, attributable to parent      0
Equity, attributable to noncontrolling interest1,3461,3932,2522,4485,484 
Total equity:41,37445,42849,56951,52257,080(2)
TOTAL LIABILITIES AND EQUITY:79,65881,60588,22986,61293,3869

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues33,36430,79327,24328,22814,900 
Cost of revenue
(Cost of Goods and Services Sold)
(19,450)(17,543)(15,383)(16,644)  
Gross profit:13,91413,25011,86011,58414,900 
Operating expenses(8,483)(7,967)(7,971)(8,152)(278) 
Other operating income (expense), net(62)(26)(61)6818 
Other nonrecurring (income) expense  (273)(506)(567)(309) 
Other undisclosed operating loss  (273)(506)(567)(9,393) 
Operating income:5,3694,9843,3222,9335,247 
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
237192177324 
Interest and debt expense (277)(77)(115)(38)(202) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes214     
Income from continuing operations before equity method investments, income taxes:5,5435,0993,3842,9275,049 
Income from equity method investments1721198511456 
Income from continuing operations before income taxes:5,7155,2183,4693,0415,105 
Income tax expense(1,434)(1,262)(847)(769)(817) 
Income from continuing operations:4,2813,9562,6222,2724,288 
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:4,2813,9612,6262,3794,405 
Net loss attributable to noncontrolling interest    (2)(3) 
Other undisclosed net loss attributable to parent(134)(135)(125)(92)(21) 
Net income available to common stockholders, diluted:4,1473,8262,5012,2854,381 

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:4,2813,9612,6262,3794,405 
Other comprehensive income (loss)(778)(358)157(435)(206) 
Other undisclosed comprehensive income (loss)    2(93) 
Comprehensive income:3,5033,6032,7831,9464,106 
Comprehensive loss, net of tax, attributable to noncontrolling interest(90)(135)(158)(19)(83) 
Comprehensive income, net of tax, attributable to parent:3,4133,4682,6251,9274,023 

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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