Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 85

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 85
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 income - Linde plc$1,880 $1,821 

35

Quarter Ended March 31,20252024Adjusted Diluted EPS (b)Reported diluted EPS$3.51 $3.35 Add: Cost reduction program and other charges0.08 (0.01)Add:  Purchase accounting impacts - Linde AG (c)0.36 0.41 Total adjustments0.44 0.40 Adjusted diluted EPS$3.95 $3.75 Reported percentage change5 %Adjusted percentage change5 %Adjusted EBITDA and % of SalesNet Income - Linde plc$1,673 $1,627 Add: Noncontrolling interests34 38 Add: Net pension and OPEB cost (benefit), excluding service cost(56)(50)Add: Interest expense60 65 Add: Income taxes511 463 Add: Depreciation and amortization910 949 EBITDA$3,132 $3,092 Add: Cost reduction program and other charges55 — Add: Purchase accounting impacts - Linde AG (c)26 24 Total adjustments81 24 Adjusted EBITDA$3,213 $3,116 Reported sales $8,112 $8,100 % of sales EBITDA38.6 %38.2 %Adjusted EBITDA as a % of Sales39.6 %38.5 %

(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 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 purchase accounting than others, causing results that are not comparable at the reportable segment level, therefore, the impacts of purchase accounting adjustments to each segment vary and are not comparable within the company and when compared to other companies