Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 65

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 65
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 MEASURES AND RECONCILIATIONS

(Millions of dollars, except per share data)

The following non-GAAP measures are intended to supplement investors’ understanding of the company’s financial information by providing measures which investors, financial analysts and management use to help evaluate the company’s operating performance and liquidity.  Items which the company does not believe to be indicative of on-going business trends are excluded from these calculations so that investors can better evaluate and analyze historical and future business trends on a consistent basis.  Definitions of these non-GAAP measures may not be comparable to similar definitions used by other companies and are not a substitute for similar GAAP measures. 

Quarter Ended March 31,20252024Adjusted Operating Profit and Operating MarginReported operating profit$2,184 $2,095 Add: Cost reduction program and other charges55 — Add: Purchase accounting impacts - Linde AG (c)199 246 Total adjustments254 246 Adjusted operating profit$2,438 $2,341 Reported percentage change4 %Adjusted percentage change4 %Reported sales$8,112 $8,100 Reported operating margin26.9 %25.9 %Adjusted operating margin30.1 %28.9 %Adjusted Depreciation and amortizationReported depreciation and amortization$910 $949 Less: Purchase accounting impacts - Linde AG (c)(191)(240)Adjusted depreciation and amortization$719 $709 Adjusted Other Income (Expense) - netReported Other Income (Expense) - net$18 $58 Add: Purchase accounting impacts - Linde AG (c)(8)(6)Adjusted Other Income (Expense) - net$26 $64 Adjusted Interest Expense - NetReported interest expense - net$60 $65 Add: Purchase accounting impacts - Linde AG (c)— 2 Adjusted interest expense - net$60 $67 Adjusted Income Taxes (a)Reported income taxes$511 $463 Add: Purchase accounting impacts - Linde AG (c)44 60 

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Quarter Ended March 31,20252024Add: Cost reduction program and other charges18 5 Total adjustments 62 65 Adjusted income taxes $573 $528 Adjusted Effective Tax Rate (a)Reported income before income taxes and equity investments$2,180 $2,080 Add: Purchase accounting impacts - Linde