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: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Mar 1, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Sales | $ 27,243 | 28,228 | 14,836 |
| Cost of sales, exclusive of depreciation and amortization | 15,383 | 16,644 | 9,020 |
| Selling, general and administrative | 3,193 | 3,457 | 1,629 |
| Depreciation and amortization | 4,626 | 4,675 | 1,830 |
| Research and development | 152 | 184 | 113 |
| Cost reduction programs and other charges | 506 | 567 | 309 |
| Net gain on sale of businesses | 0 | 164 | 3,294 |
| Other income (expenses) net | (61) | 68 | 18 |
| Operating Profit | 3,322 | 2,933 | 5,247 |
| Interest expense net | 115 | 38 | 202 |
| Net pension and OPEB cost (benefit), excluding service cost | (177) | (32) | (4) |
| Income From Continuing Operations Before Income Taxes and Equity Investments | 3,384 | 2,927 | 5,049 |
| Income taxes on continuing operations | 847 | 769 | 817 |
| Income From Continuing Operations Before Equity Investments | 2,537 | 2,158 | 4,232 |
| Income from equity investments | 85 | 114 | 56 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 2,622 | 2,272 | 4,288 |
| Income from discontinued operations, net of tax | 4 | 109 | 117 |
| Net Income (Including Noncontrolling Interests) | 2,626 | 2,381 | 4,405 |
| Less: noncontrolling interests from continuing operations | (125) | (89) | (15) |
| Less: noncontrolling interests from discontinued operations | 0 | (7) | (9) |
| Net Income Linde plc | 2,501 | 2,285 | 4,381 |
| Net Income Linde plc | |||
| Income from continuing operations | 2,497 | 2,183 | 4,273 |
| Income from discontinued operations | 4 | 102 | 108 |
| Per Share Data Linde plc Shareholders | |||
| Basic earnings per share from continuing operations (in dollars per share) | 4.74 | 4.03 | 12.93 |
| Basic earnings per share from discontinued operations (in dollars per share) | 0.01 | 0.19 | 0.33 |
| Basic earnings per share (in dollars per share) | 4.75 | 4.22 | 13.26 |
| Diluted earnings per share from continuing operations (in dollars per share) | 4.70 | 4.00 | 12.79 |
| Diluted earnings per share from discontinued operations (in dollars per share) | 0.01 | 0.19 | 0.32 |
| Diluted earnings per share (in dollars per share) | 4.71 | 4.19 | 13.11 |
| Weighted Average Shares Outstanding (000s): | |||
| Basic shares outstanding (in shares) | 526,736 | 541,094 | 330,401 |
| Diluted shares outstanding (in shares) | 531,157 | 545,170 | 334,127 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Mar 1, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $ 2,626 | 2,381 | 4,405 |
| OTHER COMPREHENSIVE INCOME (LOSS) | |||
| Translation adjustments: | |||
| Foreign currency translation adjustments | 565 | 118 | (401) |
| Reclassifications to net income | 0 | 12 | 318 |
| Income taxes | 30 | 3 | 7 |
| Translation adjustments | 595 | 133 | (76) |
| Funded status - retirement obligations (Note 16): | |||
| Retirement program remeasurements | (675) | (852) | (260) |
| Reclassifications to net income | 92 | 154 | 94 |
| Income taxes | 114 | 154 | (55) |
| Funded status - retirement obligations | (469) | (544) | (221) |
| Derivative instruments (Note 12): | |||
| Current year unrealized gain (loss) | (3) | (32) | 0 |
| Reclassifications to net income | 42 | 0 | (1) |
| Income taxes | (8) | 7 | 0 |
| Derivative instruments | 31 | (25) | (1) |
| Securities: | |||
| 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) | 157 | (435) | (299) |
| COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) | 2,783 | 1,946 | 4,106 |
| Less: noncontrolling interests | (158) | (19) | (83) |
| COMPREHENSIVE INCOME - LINDE PLC | 2,625 | 1,927 | 4,023 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Mar 1, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Increase (Decrease) in Cash and Cash Equivalents | |||
| Operations | |||
| Net Income Linde plc | $ 2,501 | 2,285 | 4,381 |
| Less: income from discontinued operations, net of tax and noncontrolling interests | (4) | (102) | (108) |
| Add: Noncontrolling interests from continuing operations | 125 | 89 | 15 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 2,622 | 2,272 | 4,288 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Cost Reduction Programs and other charges, net of payments | 258 | (236) | 40 |
| Amortization of merger-related inventory step-up | 0 | 12 | 368 |
| Tax Act income tax charge, net | 0 | 0 | (61) |
| Depreciation and amortization | 4,626 | 4,675 | 1,830 |
| Deferred income taxes, excluding Tax Act | (369) | (303) | (187) |
| Share-based compensation | 133 | 95 | 62 |
| Net gain on sale of businesses, net of tax | 0 | (108) | (2,923) |
| Non-cash charges and other | 152 | (127) | 175 |
| Working capital | |||
| Accounts receivable | 19 | 80 | (124) |
| Contract assets and liabilities, net | 90 | 87 | 0 |
| Inventory | 18 | (81) | (4) |
| Prepaid and other current assets | 128 | (72) | 43 |
| Payables and accruals | 109 | (174) | 287 |
| Pension contributions | (91) | (94) | (87) |
| Long-term assets, liabilities and other | (266) | 93 | (53) |
| Net cash provided by operating activities | 7,429 | 6,119 | 3,654 |
| Investing | |||
| Capital expenditures | (3,400) | (3,682) | (1,883) |
| Acquisitions, net of cash acquired | (68) | (225) | (25) |
| Divestitures and asset sales, net of cash divested | 482 | 5,096 | 5,908 |
| Cash acquired in merger transaction | 0 | 0 | 1,363 |
| Net cash provided by (used for) investing activities | (2,986) | 1,189 | 5,363 |
| Financing | |||
| Short-term debt borrowings (repayments) net | 1,198 | 224 | 208 |
| Long-term debt borrowings | 2,796 | 99 | 8 |
| Long-term debt repayments | (2,681) | (1,583) | (3,124) |
| Issuances of ordinary shares | 47 | 72 | 77 |
| Purchases of ordinary shares | (2,457) | (2,658) | (599) |
| Cash dividends Linde plc shareholders | (2,028) | (1,891) | (1,166) |
| Noncontrolling interest transactions and other | (220) | (3,260) | (402) |
| Net cash used for financing activities | (3,345) | (8,997) | (4,998) |
| Discontinued Operations | |||
| Cash provided by operating activities | 0 | 69 | 48 |
| Cash used for investing activities | 0 | (60) | (23) |
| Cash provided by financing activities | 0 | 5 | 2 |
| Net cash provided by discontinued operations | 0 | 14 | 27 |
| Effect of exchange rate changes on cash and cash equivalents | (44) | (77) | (60) |
| Change in cash and cash equivalents | 1,054 | (1,752) | 3,986 |
| Cash and cash equivalents, beginning-of-period | 2,700 | 4,466 | |
| Cash and cash equivalents, including discontinued operations | 3,754 | 2,714 | 4,603 |
| Cash and cash equivalents of discontinued operations | 0 | (14) | (137) |
| Cash and cash equivalents, end-of-period | 3,754 | 2,700 | 4,466 |
| Supplemental Data | |||
| Income taxes paid | 1,066 | 1,357 | 757 |
| Interest paid, net of capitalized interest (Note 7) | 322 | 275 | 214 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LINDE PLC | ||
Ticker: LIN Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Mar 1, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 3,754 | 2,700 |
| Accounts receivable net | 4,167 | 4,322 |
| Contract assets | 162 | 368 |
| Inventories | 1,729 | 1,697 |
| Prepaid and other current assets | 1,112 | 1,265 |
| Total Current Assets | 10,924 | 10,352 |
| Property, plant and equipment net | 28,711 | 29,064 |
| Equity investments | 2,061 | 2,027 |
| Goodwill | 28,201 | 27,019 |
| Other intangible assets net | 16,184 | 16,137 |
| Other long-term assets | 2,148 | 2,013 |
| Total Assets | 88,229 | 86,612 |
| Liabilities and Equity | ||
| Accounts payable | 3,095 | 3,266 |
| Short-term debt | 3,251 | 1,732 |
| Current portion of long-term debt | 751 | 1,531 |
| Contract liabilities | 1,769 | 1,758 |
| Accrued taxes | 542 | 370 |
| Other current liabilities | 4,332 | 3,503 |
| Total Current Liabilities | 13,740 | 12,160 |
| Long-term debt | 12,152 | 10,693 |
| Other long-term liabilities | 5,519 | 4,888 |
| Deferred credits | 7,236 | 7,236 |
| Total Liabilities | 38,647 | 34,977 |
| Commitments and contingencies (Note 17) | ||
| Redeemable noncontrolling interests | 13 | 113 |
| Linde plc Shareholders Equity: | ||
| Ordinary shares (0.001 par value, authorized 1,750,000,000 shares, 2020 issued: 552,012,862 ordinary shares; 2019 issued: 552,012,862 ordinary shares) | 1 | 1 |
| Additional paid-in capital | 40,202 | 40,201 |
| Retained earnings | 17,178 | 16,842 |
| Accumulated other comprehensive income (loss) | (4,690) | (4,814) |
| Less: Treasury stock, at cost (2020 28,718,333 shares and 2019 17,632,318 shares) | (5,374) | (3,156) |
| Total Linde plc Shareholders Equity | 47,317 | 49,074 |
| Noncontrolling interests | 2,252 | 2,448 |
| Total Equity | 49,569 | 51,522 |
| Total Liabilities and Equity | 88,229 | 86,612 |
| External Links | |
| LINDE PLC (LIN) Fiscal Year 2020 | |
| 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 |