Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 98

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 98
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 9.46 11.07 South African rand1 %18.39 18.73 17.71 18.84 Swiss franc1 %0.86 0.89 0.79 0.91 

33

Liquidity, Capital Resources and Other Financial Data

The following selected cash flow information provides a basis for the discussion that follows:

(Millions of dollars)Six Months Ended June 30, 20252024NET CASH PROVIDED BY (USED FOR):OPERATING ACTIVITIESNet income (including noncontrolling interests)$3,513 $3,365 Non-cash charges (credits):Add:  Depreciation and amortization1,852 1,907 Add:  Deferred income taxes(13)(184)Add:  Share-based compensation88 78 Add:  Cost reduction program and other charges, net of payments(14)(75)Net income adjusted for non-cash charges5,426 5,091 Less: Working capital(947)(1,089)Less: Pension contributions(15)(24)  Other(92)(95)Net cash provided by (used for) operating activities$4,372 $3,883 INVESTING ACTIVITIESCapital expenditures(2,527)(2,181)Acquisitions, net of cash acquired(270)(152)Divestitures, net of cash divested and asset sales24 22 Other investing, net(53)— Net cash provided by (used for) investing activities$(2,826)$(2,311)FINANCING ACTIVITIESDebt increase (decrease) - net1,839 2,535 Issuances (purchases) of common stock - net(2,207)(2,460)Cash dividends - Linde plc shareholders(1,412)(1,334)Noncontrolling interest transactions and other26 (217)Net cash provided by (used for) financing activities$(1,754)$(1,476)Effect of exchange rate changes on cash and cash equivalents$144 $(134)Cash and cash equivalents, end-of-period$4,786 $4,626 

Cash Flow from Operations

Cash provided by operations of $4,372 million for the six months ended June 30, 2025 increased $489 million, or 13%, versus 2024. The increase was driven primarily by higher net income adjusted for non-cash