Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 76

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 76
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 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.

34

At September 30, 2025, Linde's sale of gas backlog of large projects under construction was approximately $7.1 billion. This represents the total estimated capital cost of large plants under construction.

Acquisitions, net of cash acquired, were $393 million for the nine months ended September 30, 2025, and relate primarily to businesses in the Americas, APAC and EMEA segments. Acquisitions, net of cash acquired, were $175 million for the nine months ended September 30, 2024 and related primarily to packaged gas businesses in the Americas segment.

Divestitures, net of cash divested and asset sales, for the nine months ended September 30, 2025 were $31 million. 2024 divestitures, net of cash divested and asset sales were $154 million, which primarily related to $69 million in net proceeds for a

divestiture in APAC and a settlement with a supplier in the Americas. 

Other investing, net for the nine months ended September 30, 2025 was