Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 103

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 103
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 of SalesNet Income - Linde plc$1,766 $1,663 $3,439 $3,290 Add: Noncontrolling interests40 37 74 75 Add: Net pension and OPEB cost (benefit), excluding service cost(59)(49)(115)(99)Add: Interest expense67 70 127 135 Add: Income taxes573 508 1,084 971 Add: Depreciation and amortization942 958 1,852 1,907 EBITDA$3,329 $3,187 $6,461 $6,279 Add: Cost reduction program and other charges— — 55 — Add: Purchase accounting impacts - Linde AG (c)22 19 48 43 Total adjustments22 19 103 43 Adjusted EBITDA$3,351 $3,206 $6,564 $6,322 Reported sales $8,495 $8,267 $16,607 $16,367 % of sales EBITDA39.2 %38.6 %38.9 %38.4 %Adjusted EBITDA as a % of Sales39.4 %38.8 %39.5 %38.6 %

38

(a)  The income tax expense (benefit) on the non-GAAP pre-tax adjustments was determined using the applicable tax rates for the jurisdictions that were utilized in calculating the GAAP income tax expense (benefit) and included both current and deferred income tax amounts.(b)  Net of income taxes which are shown separately in “Adjusted Income Taxes and Effective Tax Rate”.(c)  The company believes that its non-GAAP measures excluding merger Purchase accounting impacts - Linde AG are useful to investors because: (i) the 2018 business combination was a merger of equals in an all-stock merger transaction, with no cash consideration, (ii)  the company is managed on a geographic basis and the results of certain geographies are more heavily impacted by merger purchase accounting than others, causing results that are not comparable at the reportable segment level, therefore, the impacts of merger purchase accounting adjustments to each segment vary and are not comparable within the company and when compared to other companies in similar regions, (iii) business management is evaluated and variable compensation is determined based on results excluding merger purchase accounting impacts, and; (