Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 100

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 100
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 net of payments(71)52 Net income adjusted for non-cash charges7,902 7,699 Less: Working capital(461)(916)Less: Pension contributions(20)(29)  Other(101)(140)Net cash provided by (used for) operating activities$7,320 $6,614 INVESTING ACTIVITIESCapital expenditures(3,803)(3,247)Acquisitions, net of cash acquired(393)(175)Divestitures, net of cash divested and asset sales31 154 Other investing, net(95)— Net cash provided by (used for) investing activities$(4,260)$(3,268)FINANCING ACTIVITIESDebt increase (decrease) - net1,917 2,628 Issuances (purchases) of common stock - net(3,191)(3,120)Cash dividends - Linde plc shareholders(2,113)(1,996)Noncontrolling interest transactions and other(149)(261)Net cash provided by (used for) financing activities$(3,536)$(2,749)Effect of exchange rate changes on cash and cash equivalents$135 $(74)Cash and cash equivalents, end-of-period$4,509 $5,187 

Cash Flow from Operations

Cash provided by operations of $7,320 million for the nine months ended September 30, 2025 increased $706 million, or 11%, versus 2024. The increase was driven primarily by higher net income adjusted for non-cash charges and lower net working capital requirements.

Linde estimates that the total 2025 required contributions to its pension plans will be in the range of approximately $25 million to $35 million, of which $20 million has been made through September 30, 2025.

Investing

Net cash used for investing activities of $4,260 million for the nine months ended September 30, 2025 increased $992 million, or 30%, versus 2024, due to higher capital expenditures and acquisition spend, net of cash acquired.

Capital expenditures for the nine months ended September 30, 2025 were $3,803 million, $556 million higher than the prior year, primarily due to investments in new plant and production equipment for backlog growth requirements.

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At September 30, 2025, Linde's sale of gas backlog of large projects under construction was approximately $7.1 billion