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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Mar 2, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Sales | $ 28,228 | 14,836 | 11,358 |
| Cost of sales, exclusive of depreciation and amortization | 16,644 | 9,020 | 6,382 |
| Selling, general and administrative | 3,457 | 1,629 | 1,207 |
| Depreciation and amortization | 4,675 | 1,830 | 1,184 |
| Research and development | 184 | 113 | 93 |
| Cost reduction programs and other charges | 567 | 309 | 52 |
| Net gain on sale of businesses | 164 | 3,294 | 0 |
| Other income (expenses) net | 68 | 18 | 4 |
| Operating Profit | 2,933 | 5,247 | 2,444 |
| Interest expense net | 38 | 202 | 161 |
| Net pension and OPEB cost (benefit), excluding service cost | (32) | (4) | (4) |
| Income From Continuing Operations Before Income Taxes and Equity Investments | 2,927 | 5,049 | 2,287 |
| Income taxes on continuing operations | 769 | 817 | 1,026 |
| Income From Continuing Operations Before Equity Investments | 2,158 | 4,232 | 1,261 |
| Income from equity investments | 114 | 56 | 47 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 2,272 | 4,288 | 1,308 |
| Income from discontinued operations, net of tax | 109 | 117 | 0 |
| Net Income (Including Noncontrolling Interests) | 2,381 | 4,405 | 1,308 |
| Less: noncontrolling interests from continuing operations | (89) | (15) | (61) |
| Less: noncontrolling interests from discontinued operations | (7) | (9) | 0 |
| Net Income Linde plc | 2,285 | 4,381 | 1,247 |
| Net Income Linde plc | |||
| Income from continuing operations | 2,183 | 4,273 | 1,247 |
| Income from discontinued operations | 102 | 108 | 0 |
| Per Share Data Linde plc Shareholders | |||
| Basic earnings per share from continuing operations (in dollars per share) | 4.03 | 12.93 | 4.36 |
| Basic earnings per share from discontinued operations (in dollars per share) | 0.19 | 0.33 | 0.00 |
| Basic earnings per share (in dollars per share) | 4.22 | 13.26 | 4.36 |
| Diluted earnings per share from continuing operations (in dollars per share) | 4.00 | 12.79 | 4.32 |
| Diluted earnings per share from discontinued operations (in dollars per share) | 0.19 | 0.32 | 0.00 |
| Diluted earnings per share (in dollars per share) | 4.19 | 13.11 | 4.32 |
| Weighted Average Shares Outstanding (000s): | |||
| Basic shares outstanding (in shares) | 541,094 | 330,401 | 286,261 |
| Diluted shares outstanding (in shares) | 545,170 | 334,127 | 289,114 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Mar 2, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $ 2,381 | 4,405 | 1,308 |
| OTHER COMPREHENSIVE INCOME (LOSS) | |||
| Translation adjustments: | |||
| Foreign currency translation adjustments | 118 | (401) | 433 |
| Reclassifications to net income (Note 4) | 12 | 318 | 0 |
| Income taxes | 3 | 7 | 92 |
| Translation adjustments | 133 | (76) | 525 |
| Funded status - retirement obligations (Note 18): | |||
| Retirement program remeasurements | (852) | (260) | (39) |
| Reclassifications to net income | 154 | 94 | 55 |
| Income taxes | 154 | (55) | (5) |
| Funded status - retirement obligations | (544) | (221) | 11 |
| Derivative instruments (Note 14): | |||
| Current year unrealized gain (loss) | (32) | 0 | 0 |
| Reclassifications to net income | 0 | (1) | 0 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | 7 | 0 | 0 |
| Derivative instruments | (25) | (1) | 0 |
| Securities (Note 9): | |||
| Current year unrealized gain (loss) | 1 | (1) | |
| Reclassifications to net income | 0 | 0 | 0 |
| Income taxes | 0 | 0 | 0 |
| Securities | 1 | (1) | |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | (435) | (299) | 536 |
| COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) | 1,946 | 4,106 | 1,844 |
| Less: noncontrolling interests | (19) | (83) | (95) |
| COMPREHENSIVE INCOME - LINDE PLC | 1,927 | 4,023 | 1,749 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Mar 2, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Increase (Decrease) in Cash and Cash Equivalents | |||
| Operations | |||
| Net income Linde plc | $ 2,285 | 4,381 | 1,247 |
| Less: income from discontinued operations, net of tax and noncontrolling interests | (102) | (108) | 0 |
| Add: Noncontrolling interests from continuing operations | 89 | 15 | 61 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 2,272 | 4,288 | 1,308 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Cost Reduction Programs and other charges, net of payments | (236) | 40 | 26 |
| Amortization of merger-related inventory step-up | 12 | 368 | 0 |
| Tax Act income tax charge, net | 0 | (61) | 394 |
| Depreciation and amortization | 4,675 | 1,830 | 1,184 |
| Deferred income taxes, excluding Tax Act | (303) | (187) | 136 |
| Share-based compensation | 95 | 62 | 59 |
| Net gain on sale of businesses, net of tax | (108) | (2,923) | 0 |
| Non-cash charges and other | (127) | 175 | 43 |
| Working capital | |||
| Accounts receivable | 80 | (124) | (92) |
| Contract assets and liabilities, net | 87 | ||
| Inventory | (81) | (4) | (22) |
| Prepaid and other current assets | (72) | 43 | (66) |
| Payables and accruals | (174) | 287 | 22 |
| Pension contributions | (94) | (87) | (19) |
| Long-term assets, liabilities and other | 93 | (53) | 68 |
| Net cash provided by operating activities | 6,119 | 3,654 | 3,041 |
| Investing | |||
| Capital expenditures | (3,682) | (1,883) | (1,311) |
| Acquisitions, net of cash acquired | (225) | (25) | (33) |
| Divestitures and asset sales, net of cash divested | 5,096 | 5,908 | 30 |
| Cash acquired in merger transaction | 0 | 1,363 | 0 |
| Net cash used for investing activities | 1,189 | 5,363 | (1,314) |
| Financing | |||
| Short-term debt borrowings (repayments) net | 224 | 208 | (199) |
| Long-term debt borrowings | 99 | 8 | 11 |
| Long-term debt repayments | (1,583) | (3,124) | (583) |
| Issuances of common stock | 72 | 77 | 120 |
| Purchases of common stock | (2,658) | (599) | (12) |
| Cash dividends Praxair, Inc. shareholders | (1,891) | (1,166) | (901) |
| Noncontrolling interest transactions and other | (3,260) | (402) | (92) |
| Net cash used for financing activities | (8,997) | (4,998) | (1,656) |
| Discontinued Operations | |||
| Cash provided by operating activities | 69 | 48 | 0 |
| Cash used for investing activities | (60) | (23) | 0 |
| Cash provided by financing activities | 5 | 2 | 0 |
| Net cash provided by discontinued operations | 14 | 27 | 0 |
| Effect of exchange rate changes on cash and cash equivalents | (77) | (60) | 22 |
| Change in cash and cash equivalents | (1,752) | 3,986 | 93 |
| Cash and cash equivalents, beginning-of-period | 4,466 | 617 | |
| Cash and cash equivalents, including discontinued operations | 2,714 | 4,603 | 617 |
| Cash and cash equivalents of discontinued operations | (14) | (137) | 0 |
| Cash and cash equivalents, end-of-period | 2,700 | 4,466 | 617 |
| Supplemental Data | |||
| Income taxes paid | 1,357 | 757 | 565 |
| Interest paid, net of capitalized interest (Note 9) | 275 | 214 | 184 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LINDE PLC | ||
Ticker: LIN Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Mar 2, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 2,700 | 4,466 |
| Accounts receivable net | 4,322 | 4,297 |
| Contract assets | 368 | 283 |
| Inventories | 1,697 | 1,651 |
| Assets held for sale | 125 | 5,498 |
| Prepaid and other current assets | 1,140 | 1,077 |
| Total Current Assets | 10,352 | 17,272 |
| Property, plant and equipment net | 29,064 | |
| Property, plant and equipment net | 29,064 | 29,717 |
| Equity investments | 2,027 | 1,838 |
| Goodwill | 27,019 | 26,874 |
| Other intangible assets net | 16,137 | 16,223 |
| Other long-term assets | 2,013 | 1,462 |
| Total Assets | 86,612 | 93,386 |
| Liabilities and Equity | ||
| Accounts payable | 3,266 | 3,219 |
| Short-term debt | 1,732 | 1,485 |
| Current portion of long-term debt | 1,531 | 1,523 |
| Contract liabilities | 1,758 | 1,546 |
| Accrued taxes | 370 | 657 |
| Liabilities of assets held for sale | 2 | 768 |
| Other current liabilities | 3,501 | 3,758 |
| Total Current Liabilities | 12,160 | 12,956 |
| Long-term debt | 10,693 | 12,288 |
| Other long-term liabilities | 4,888 | 3,435 |
| Deferred credits | 7,236 | 7,611 |
| Total Liabilities | 34,977 | 36,290 |
| Commitments and contingencies (Note 19) | ||
| Redeemable noncontrolling interests | 113 | 16 |
| Linde plc Shareholders Equity: | ||
| Ordinary shares (0.001 par value, authorized 1,750,000,000 shares, 2019 issued: 552,012,862 ordinary shares; 2018 issued: 551,310,272 ordinary shares) | 1 | 1 |
| Additional paid-in capital | 40,201 | 40,151 |
| Retained earnings | 16,842 | 16,529 |
| Accumulated other comprehensive income (loss) | (4,814) | (4,456) |
| Less: Treasury stock, at cost (2019 17,632,318 shares and 2018 4,068,642 shares) | (3,156) | (629) |
| Total Linde plc Shareholders Equity | 49,074 | 51,596 |
| Noncontrolling interests | 2,448 | 5,484 |
| Total Equity | 51,522 | 57,080 |
| Total Liabilities and Equity | 86,612 | 93,386 |
| External Links | |
| LINDE PLC (LIN) Fiscal Year 2019 | |
| 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 |