Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 105

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 105
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 0.85 1.23 Total adjustments0.12 0.72 0.92 1.52 Adjusted diluted EPS$4.21 $3.94 $12.26 $11.54 Reported percentage change27 %13 %Adjusted percentage change7 %6 %Adjusted EBITDA and % of SalesNet Income - Linde plc$1,929 $1,550 $5,368 $4,840 Add: Noncontrolling interests43 53 117 128 Add: Net pension and OPEB cost (benefit), excluding service cost(57)(45)(172)(144)Add: Interest expense64 68 191 203 Add: Income taxes424 498 1,508 1,469 Add: Depreciation and amortization961 960 2,813 2,867 EBITDA$3,364 $3,084 $9,825 $9,363 Add: Cost reduction program and other charges(5)145 50 145 Add: Purchase accounting impacts - Linde AG (c)18 24 66 67 Total adjustments13 169 116 212 Adjusted EBITDA$3,377 $3,253 $9,941 $9,575 Reported sales $8,615 $8,356 $25,222 $24,723 % of sales EBITDA39.0 %36.9 %39.0 %37.9 %Adjusted EBITDA as a % of Sales39.2 %38.9 %39.4 %38.7 %

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