Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 6

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 6
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LINDE PLC AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF INCOME

(Millions of dollars, except per share data)

(UNAUDITED) 

 Quarter Ended March 31, 20252024Sales$8,112 $8,100 Cost of sales, exclusive of depreciation and amortization4,157 4,216 Selling, general and administrative786 860 Depreciation and amortization910 949 Research and development38 38 Cost reduction program and other charges55 — Other income (expense) - net18 58 Operating Profit2,184 2,095 Interest expense - net60 65 Net pension and OPEB cost (benefit), excluding service cost(56)(50)Income Before Income Taxes and Equity Investments2,180 2,080 Income taxes511 463 Income Before Equity Investments1,669 1,617 Income from equity investments38 48 Net Income (Including Noncontrolling Interests)1,707 1,665 Less: noncontrolling interests(34)(38)Net Income – Linde plc$1,673 $1,627 Per Share Data – Linde plc ShareholdersBasic earnings per share$3.53 $3.38 Diluted earnings per share$3.51 $3.35 Weighted Average Shares Outstanding (000’s):Basic shares outstanding473,303 481,949 Diluted shares outstanding476,262 485,592  

The accompanying notes are an integral part of these financial statements.

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Table of Contents    

LINDE PLC AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(Millions of dollars)

(UNAUDITED)

Quarter Ended March 31,20252024NET INCOME (INCLUDING NONCONTROLLING INTERESTS)$1,707 $1,665 OTHER COMPREHENSIVE INCOME (LOSS)Translation adjustments:Foreign currency translation adjustments132 (744)Income taxes2 — Translation adjustments134 (744)Funded status - retirement obligations (Note 7):Retirement program remeasurements11 (4)Reclassifications to net income(8)(3)Income taxes(9)12 Funded status - retirement obligations(6)5 Derivative instruments (Note 4):Current unrealized gain (loss)10