Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 81

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 81
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61 Swiss Franc1 %0.90 0.88 0.88 0.91 Swedish krona1 %10.67 10.40 10.04 11.07 South African rand1 %18.50 18.89 18.32 18.84 

31

Liquidity, Capital Resources and Other Financial Data

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

(Millions of dollars)Three Months Ended March 31, 20252024NET CASH PROVIDED BY (USED FOR):OPERATING ACTIVITIESNet income (including noncontrolling interests)$1,707 $1,665 Non-cash charges (credits):Add:  Depreciation and amortization910 949 Add:  Deferred income taxes9 (35)Add:  Share-based compensation42 38 Add:  Cost reduction program and other charges, net of payments18 (55)Net income adjusted for non-cash charges2,686 2,562 Less: Working capital(469)(553)Less: Pension contributions(5)(11)  Other(51)(44)Net cash provided by (used for) operating activities$2,161 $1,954 INVESTING ACTIVITIESCapital expenditures(1,270)(1,048)Acquisitions, net of cash acquired(112)— Divestitures, net of cash divested and asset sales13 7 Net cash provided by (used for) investing activities$(1,369)$(1,041)FINANCING ACTIVITIESDebt increase (decrease) - net1,493 1,215 Issuances (purchases) of common stock - net(1,100)(1,025)Cash dividends - Linde plc shareholders(708)(669)Noncontrolling interest transactions and other(73)(189)Net cash provided by (used for) financing activities$(388)$(668)Effect of exchange rate changes on cash and cash equivalents$40 $(61)Cash and cash equivalents, end-of-period$5,294 $4,848 

Cash Flow from Operations

Cash provided by operations of $2,161 million for the three months ended March 31, 2025 increased $207 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