10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Mar 18, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Sales | $ 14,900 | 11,437 | 10,534 |
| Cost of sales, exclusive of depreciation and amortization | 9,084 | 6,461 | 5,855 |
| Selling, general and administrative | 1,629 | 1,207 | 1,145 |
| Depreciation and amortization | 1,830 | 1,184 | 1,122 |
| Research and development | 113 | 93 | 92 |
| Transaction costs and other charges | 309 | 52 | 96 |
| Net gain on sale of businesses | 3,294 | 0 | 0 |
| Other income (expenses) net | 18 | 4 | 23 |
| Operating Profit | 5,247 | 2,444 | 2,247 |
| Interest expense net | 202 | 161 | 190 |
| Net pension and OPEB cost (benefit), excluding service cost | (4) | (4) | 9 |
| Income From Continuing Operations Before Income Taxes and Equity Investments | 5,049 | 2,287 | 2,048 |
| Income taxes on continuing operations | 817 | 1,026 | 551 |
| Income From Continuing Operations Before Equity Investments | 4,232 | 1,261 | 1,497 |
| Income from equity investments | 56 | 47 | 41 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 4,288 | 1,308 | 1,538 |
| Income from discontinued operations, net of tax | 117 | 0 | 0 |
| Net Income (Including Noncontrolling Interests) | 4,405 | 1,308 | 1,538 |
| Less: noncontrolling interests from continuing operations | (15) | (61) | (38) |
| Less: noncontrolling interests from discontinued operations | (9) | 0 | 0 |
| Net Income Linde plc | 4,381 | 1,247 | 1,500 |
| Net Income Linde plc | |||
| Income from continuing operations | 4,273 | 1,247 | 1,500 |
| Income from discontinued operations | 108 | 0 | 0 |
| Per Share Data Linde plc Shareholders | |||
| Basic earnings per share from continuing operations (in dollars per share) | 12.93 | 4.36 | 5.25 |
| Basic earnings per share from discontinued operations (in dollars per share) | 0.33 | 0.00 | 0.00 |
| Basic earnings per share (in dollars per share) | 13.26 | 4.36 | 5.25 |
| Diluted earnings per share from continuing operations (in dollars per share) | 12.79 | 4.32 | 5.21 |
| Diluted earnings per share from discontinued operations (in dollars per share) | 0.32 | 0.00 | 0.00 |
| Diluted earnings per share (in dollars per share) | 13.11 | 4.32 | 5.21 |
| Weighted Average Shares Outstanding (000s): | |||
| Basic shares outstanding (in shares) | 330,401 | 286,261 | 285,677 |
| Diluted shares outstanding (in shares) | 334,127 | 289,114 | 287,757 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Mar 18, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $ 4,405 | 1,308 | 1,538 |
| OTHER COMPREHENSIVE INCOME (LOSS) | |||
| Translation adjustments: | |||
| Foreign currency translation adjustments | (401) | 433 | 116 |
| Reclassifications to net income (Note 4) | 318 | 0 | 0 |
| Income taxes | 7 | 92 | (48) |
| Translation adjustments | (76) | 525 | 68 |
| Funded status - retirement obligations (Note 18): | |||
| Retirement program remeasurements | (260) | (39) | (163) |
| Reclassifications to net income | 94 | 55 | 60 |
| Income taxes | (55) | (5) | 27 |
| Funded status - retirement obligations | (221) | 11 | (76) |
| Derivative instruments (Note 14): | |||
| Current year unrealized gain (loss) | 0 | 0 | 1 |
| Reclassifications to net income | (1) | 0 | (1) |
| Income taxes | 0 | 0 | 0 |
| Derivative instruments | (1) | 0 | 0 |
| Securities (Note 9): | |||
| Current year unrealized gain (loss) | (1) | ||
| Reclassifications to net income | 0 | 0 | 0 |
| Income taxes | 0 | 0 | 0 |
| Securities | (1) | ||
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | (299) | 536 | (8) |
| COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) | 4,106 | 1,844 | 1,530 |
| Less: noncontrolling interests | (83) | (95) | (34) |
| COMPREHENSIVE INCOME - LINDE PLC | 4,023 | 1,749 | 1,496 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Mar 18, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Increase (Decrease) in Cash and Cash Equivalents | |||
| Operations | |||
| Net Income Linde plc | $ 4,381 | 1,247 | 1,500 |
| Less: income from discontinued operations, net of tax and noncontrolling interests | (108) | 0 | 0 |
| Add: Noncontrolling interests from continuing operations | 15 | 61 | 38 |
| Income from continuing operations (including noncontrolling interests) | 4,288 | 1,308 | 1,538 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Transaction costs and other charges, net of payments | 40 | 26 | 83 |
| Amortization of merger-related inventory step-up | 368 | 0 | 0 |
| Tax Act income tax charge, net | (61) | 394 | 0 |
| Depreciation and amortization | 1,830 | 1,184 | 1,122 |
| Deferred income taxes, excluding Tax Act | (187) | 136 | (13) |
| Share-based compensation | 62 | 59 | 39 |
| Net gain on sale of businesses, net of tax | (2,923) | 0 | 0 |
| Non-cash charges and other | 175 | 43 | (43) |
| Working capital | |||
| Accounts receivable | (124) | (92) | (33) |
| Inventory | (4) | (22) | (13) |
| Prepaid and other current assets | 43 | (66) | 6 |
| Payables and accruals | 287 | 22 | 92 |
| Pension contributions | (87) | (19) | (11) |
| Long-term assets, liabilities and other | (53) | 68 | 22 |
| Net cash provided by operating activities | 3,654 | 3,041 | 2,789 |
| Investing | |||
| Capital expenditures | (1,883) | (1,311) | (1,465) |
| Acquisitions, net of cash acquired | (25) | (33) | (363) |
| Divestitures and asset sales, net of cash divested | 5,908 | 30 | 58 |
| Cash acquired in merger transaction | 1,363 | 0 | 0 |
| Net cash used for investing activities | 5,363 | (1,314) | (1,770) |
| Financing | |||
| Short-term debt borrowings (repayments) net | 208 | (199) | 191 |
| Long-term debt borrowings | 8 | 11 | 936 |
| Long-term debt repayments | (3,124) | (583) | (770) |
| Issuances of common stock | 77 | 120 | 139 |
| Purchases of common stock | (599) | (12) | (228) |
| Cash dividends Praxair, Inc. shareholders | (1,166) | (901) | (856) |
| Noncontrolling interest transactions and other | (402) | (92) | (71) |
| Net cash used for financing activities | (4,998) | (1,656) | (659) |
| Discontinued Operations | |||
| Cash provided by operating activities | 48 | 0 | 0 |
| Cash used for investing activities | (23) | 0 | 0 |
| Cash provided by financing activities | 2 | 0 | 0 |
| Net cash provided by discontinued operations | 27 | 0 | 0 |
| Effect of exchange rate changes on cash and cash equivalents | (60) | 22 | 17 |
| Change in cash and cash equivalents | 3,986 | 93 | 377 |
| Cash and cash equivalents, beginning-of-period | 617 | 524 | |
| Cash and cash equivalents, including discontinued operations | 4,603 | 617 | 524 |
| Cash and cash equivalents of discontinued operations | (137) | 0 | 0 |
| Cash and cash equivalents, end-of-period | 4,466 | 617 | 524 |
| Supplemental Data | |||
| Income taxes paid | 757 | 565 | 585 |
| Interest paid, net of capitalized interest (Note 9) | 214 | 184 | 189 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LINDE PLC | ||
Ticker: LIN Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Mar 18, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 4,466 | 617 |
| Accounts receivable net | 4,297 | 1,710 |
| Contract assets | 283 | 0 |
| Inventories | 1,651 | 614 |
| Assets held for sale | 5,498 | 0 |
| Prepaid and other current assets | 1,077 | 344 |
| Total Current Assets | 17,272 | 3,285 |
| Property, plant and equipment net | 29,717 | 11,825 |
| Equity investments | 1,838 | 727 |
| Goodwill | 26,874 | 3,233 |
| Other intangible assets net | 16,223 | 785 |
| Other long-term assets | 1,462 | 581 |
| Total Assets | 93,386 | 20,436 |
| Liabilities and Equity | ||
| Accounts payable | 3,219 | 922 |
| Short-term debt | 1,485 | 238 |
| Current portion of long-term debt | 1,523 | 979 |
| Deferred Income | 1,546 | 0 |
| Accrued taxes | 657 | 242 |
| Liabilities of assets held for sale | 768 | 0 |
| Other current liabilities | 3,758 | 926 |
| Total Current Liabilities | 12,956 | 3,307 |
| Long-term debt | 12,288 | 7,783 |
| Other long-term liabilities | 3,435 | 1,588 |
| Deferred credits | 7,611 | 1,236 |
| Total Liabilities | 36,290 | 13,914 |
| Commitments and contingencies (Note 19) | ||
| Redeemable noncontrolling interests | 16 | 11 |
| Linde plc Shareholders Equity: | ||
| Ordinary shares (2018: 0.001 par value, authorized 1,750,000,000 shares, issued 551,310,272 ordinary shares; 2017: and Common stock $0.01 par value, authorized 800,000,000 shares, issued 383,230,625 shares) | 1 | 4 |
| Additional paid-in capital | 40,151 | 4,084 |
| Retained earnings | 16,529 | 13,224 |
| Accumulated other comprehensive income (loss) | (4,456) | (4,098) |
| Less: Treasury stock, at cost (2018 4,068,642 shares and 2017 96,453,634 shares) | (629) | (7,196) |
| Total Linde plc Shareholders Equity | 51,596 | 6,018 |
| Noncontrolling interests | 5,484 | 493 |
| Total Equity | 57,080 | 6,511 |
| Total Liabilities and Equity | 93,386 | 20,436 |
| External Links | |
| LINDE PLC (LIN) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |