Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 8

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 8
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6,894)Less: Treasury shares, at cost (2025 – 19,472,767 shares and 2024 – 17,530,240 shares)(8,154)(7,252)Total Linde plc Shareholders’ Equity38,032 38,092 Noncontrolling interests1,418 1,383 Total Equity39,450 39,475 Total Liabilities and Equity$82,704 $80,147 

The accompanying notes are an integral part of these financial statements.

6

LINDE PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Millions of dollars)

(UNAUDITED)

Three Months Ended March 31,20252024Increase (Decrease) in Cash and Cash EquivalentsOperationsNet income - Linde plc$1,673 $1,627 Add: Noncontrolling interests34 38 Net Income (including noncontrolling interests)1,707 1,665 Adjustments to reconcile net income to net cash provided by operating activities:Cost reduction program and other charges18 (55)Depreciation and amortization910 949 Deferred income taxes9 (35)Share-based compensation42 38 Working capital:Accounts receivable(230)(361)Inventory9 (27)Prepaid and other current assets26 (50)Payables and accruals(209)(65)Contract assets and liabilities, net(65)(50)Pension contributions(5)(11)Long-term assets, liabilities and other(51)(44)Net cash provided by (used for) operating activities2,161 1,954 InvestingCapital expenditures(1,270)(1,048)Acquisitions, net of cash acquired(112)— Divestitures, net of cash divested and asset sales13 7 Net cash provided by (used for) investing activities(1,369)(1,041)FinancingShort-term debt borrowings (repayments) - net165 (631)Long-term debt borrowings2,340 2,456 Long-term debt repayments(1,012)(610)Issuances of ordinary shares11 16 Purchases of ordinary shares(1,111)(1,041)Cash dividends - Linde plc shareholders(708)(669)Noncontrolling interest transactions and other(73)(189)Net cash provided by (used for) financing activities(