Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 99

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 99
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 these functional currencies to the U.S. dollar and such currency movements may materially impact Linde's results of operations in any given periods.

To help understand the reported results, the following is a summary of the significant currencies underlying Linde's consolidated results and the exchange rates used to translate the financial statements (rates of exchange expressed in units of local currency per U.S. dollar):

 Percentage of YTD 2025 Consolidated SalesExchange Rate forIncome StatementExchange Rate forBalance Sheet Year-To-Date AverageSeptember 30,December 31,Currency2025202420252024Euro17 %0.89 0.92 0.85 0.97 Chinese yuan7 %7.22 7.20 7.12 7.30 British pound5 %0.76 0.78 0.74 0.80 Brazilian real4 %5.65 5.23 5.32 6.18 Australian dollar4 %1.56 1.51 1.51 1.62 Mexican peso3 %19.48 17.67 18.31 20.83 Korean won3 %1,412 1,352 1,404 1,472 Canadian dollar3 %1.40 1.36 1.39 1.44 Indian rupee2 %86.50 83.41 88.79 85.61 Swedish krona1 %9.92 10.50 9.42 11.07 South African rand1 %18.13 18.46 17.27 18.84 Swiss franc1 %0.84 0.89 0.80 0.91 

33

Liquidity, Capital Resources and Other Financial Data

The following selected cash flow information provides a basis for the discussion that follows:

(Millions of dollars)Nine Months Ended September 30, 20252024NET CASH PROVIDED BY (USED FOR):OPERATING ACTIVITIESNet income (including noncontrolling interests)$5,485 $4,968 Non-cash charges (credits):Add:  Depreciation and amortization2,813 2,867 Add:  Deferred income taxes(458)(308)Add:  Share-based compensation133 120 Add:  Cost reduction program and other charges,