Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 114

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 114
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2025 Outlook

Linde provides quarterly updates on operating results, material trends that may affect financial performance, and financial guidance via earnings releases and investor teleconferences. These materials are available on the company’s website, www.linde.com, but are not incorporated herein.

18

CONSOLIDATED RESULTS AND OTHER INFORMATION

The discussion that follows includes a comparison of our results of operations and liquidity and capital resources for the years ended December 31, 2024 and 2023. For the discussion comparing the years ended December 31, 2023 and 2022, refer to Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of our Form 10-K for the year ended December 31, 2023. 

The following table provides summary information for 2024 and 2023.  The reported amounts are GAAP amounts from the Consolidated Statements of Income. The adjusted amounts are intended to supplement investors' understanding of the company's financial information and are not a substitute for GAAP measures. 

(Millions of dollars, except per share data)Year Ended December 31,20242023VarianceReported AmountsSales$33,005 $32,854 — %Cost of sales, exclusive of depreciation and amortization$17,143 $17,492 (2)%As a percent of sales51.9 %53.2 %Selling, general and administrative$3,337 $3,295 1 %As a percent of sales10.1 %10.0 %Depreciation and amortization$3,780 $3,816 (1)%Cost reduction program and other charges (a)$145 $40 263 %Other income (expense) - net$185 $(41)551 %Operating profit$8,635 $8,024 8 %Operating margin26.2 %24.4 %Interest expense - net$256 $200 28 %Net pension and OPEB cost (benefit), excluding service cost$(190)$(164)16 %Effective tax rate23.4 %22.7 %Income from equity investments$170 $167 2 %Noncontrolling interests$(172)$(142)21 %Net Income – Linde plc$6,565 $6,199 6 %Diluted earnings per share$13.62 $12.59