Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 5

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 5
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 at completion for sale of equipment contracts on a sample basis by (i) performing a comparison of the originally estimated and actual costs incurred on similar completed equipment contracts, and (ii) evaluating the timely identification of circumstances that may warrant a modification to estimated costs at completion, including actual costs in excess of estimates. Professionals with specialized skill and knowledge were used to assist in evaluating the reasonableness of management’s estimates and significant assumptions related to the total estimated material and labor costs.

/s/ PricewaterhouseCoopers LLP

Stamford, Connecticut

February 26, 2025

We have served as the Company’s or its predecessor’s auditor since 1992.

44

 CONSOLIDATED STATEMENTS OF INCOME

LINDE PLC AND SUBSIDIARIES

(Dollar amounts in millions, except per share data) 

Year Ended December 31,202420232022Sales$33,005 $32,854 $33,364 Cost of sales, exclusive of depreciation and amortization17,143 17,492 19,450 Selling, general and administrative3,337 3,295 3,107 Depreciation and amortization3,780 3,816 4,204 Research and development150 146 143 Cost reduction program and other charges145 40 1,029 Other income (expense) - net185 (41)(62)Operating Profit8,635 8,024 5,369 Interest expense - net256 200 63 Net pension and OPEB cost (benefit), excluding service cost(190)(164)(237)Income Before Income Taxes and Equity Investments8,569 7,988 5,543 Income taxes2,002 1,814 1,434 Income Before Equity Investments6,567 6,174 4,109 Income from equity investments170 167 172 Net Income (Including Noncontrolling Interests)6,737 6,341 4,281 Less: noncontrolling interests(172)(142)(134)Net Income – Linde plc$6,565 $6,199 $4,147 Per Share Data – Linde plc ShareholdersBasic earnings per share$13.71 $12.70 $8.30 Diluted earnings per share$13.62 $12.59 $8.23 Weighted Average Shares Outstanding (000’s):Basic shares outstanding478