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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 28, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Sales | $ 30,793 | 27,243 | 28,228 |
| Cost of sales, exclusive of depreciation and amortization | 17,543 | 15,383 | 16,644 |
| Selling, general and administrative | 3,189 | 3,193 | 3,457 |
| Depreciation and amortization | 4,635 | 4,626 | 4,675 |
| Research and development | 143 | 152 | 184 |
| Cost reduction programs and other charges | 273 | 506 | 567 |
| Net gain on sale of businesses | 0 | 0 | 164 |
| Other income (expenses) net | (26) | (61) | 68 |
| Operating Profit | 4,984 | 3,322 | 2,933 |
| Interest expense net | 77 | 115 | 38 |
| Net pension and OPEB cost (benefit), excluding service cost | (192) | (177) | (32) |
| Income From Continuing Operations Before Income Taxes and Equity Investments | 5,099 | 3,384 | 2,927 |
| Income taxes on continuing operations | 1,262 | 847 | 769 |
| Income From Continuing Operations Before Equity Investments | 3,837 | 2,537 | 2,158 |
| Income from equity investments | 119 | 85 | 114 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 3,956 | 2,622 | 2,272 |
| Income from discontinued operations, net of tax | 5 | 4 | 109 |
| Net Income (Including Noncontrolling Interests) | 3,961 | 2,626 | 2,381 |
| Less: noncontrolling interests from continuing operations | (135) | (125) | (89) |
| Less: noncontrolling interests from discontinued operations | 0 | 0 | (7) |
| Net Income Linde plc | 3,826 | 2,501 | 2,285 |
| Net Income Linde plc | |||
| Income from continuing operations | 3,821 | 2,497 | 2,183 |
| Income from discontinued operations | 5 | 4 | 102 |
| Per Share Data Linde plc Shareholders | |||
| Basic earnings per share from continuing operations (in dollars per share) | 7.39 | 4.74 | 4.03 |
| Basic earnings per share from discontinued operations (in dollars per share) | 0.01 | 0.01 | 0.19 |
| Basic earnings per share (in dollars per share) | 7.40 | 4.75 | 4.22 |
| Diluted earnings per share from continuing operations (in dollars per share) | 7.32 | 4.70 | 4.00 |
| Diluted earnings per share from discontinued operations (in dollars per share) | 0.01 | 0.01 | 0.19 |
| Diluted earnings per share (in dollars per share) | 7.33 | 4.71 | 4.19 |
| Weighted Average Shares Outstanding (000s): | |||
| Basic shares outstanding (in shares) | 516,896 | 526,736 | 541,094 |
| Diluted shares outstanding (in shares) | 521,875 | 531,157 | 545,170 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 28, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $ 3,961 | 2,626 | 2,381 |
| OTHER COMPREHENSIVE INCOME (LOSS) | |||
| Translation adjustments: | |||
| Foreign currency translation adjustments | (1,116) | 565 | 118 |
| Reclassifications to net income | (52) | 0 | 12 |
| Income taxes | (7) | 30 | 3 |
| Translation adjustments | (1,175) | 595 | 133 |
| Funded status - retirement obligations (Note 16): | |||
| Retirement program remeasurements | 826 | (675) | (852) |
| Reclassifications to net income | 175 | 92 | 154 |
| Income taxes | (255) | 114 | 154 |
| Funded status - retirement obligations | 746 | (469) | (544) |
| Derivative instruments (Note 12): | |||
| Current year unrealized gain (loss) | 140 | (3) | (32) |
| Reclassifications to net income | (49) | 42 | 0 |
| Income taxes | (20) | (8) | 7 |
| Derivative instruments | 71 | 31 | (25) |
| Securities: | |||
| 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) | (358) | 157 | (435) |
| COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) | 3,603 | 2,783 | 1,946 |
| Less: noncontrolling interests | (135) | (158) | (19) |
| COMPREHENSIVE INCOME - LINDE PLC | 3,468 | 2,625 | 1,927 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 28, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Increase (Decrease) in Cash and Cash Equivalents | |||
| Operations | |||
| Net Income Linde plc | $ 3,826 | 2,501 | 2,285 |
| Less: income from discontinued operations, net of tax and noncontrolling interests | (5) | (4) | (102) |
| Add: Noncontrolling interests from continuing operations | 135 | 125 | 89 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 3,956 | 2,622 | 2,272 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Cost Reduction Programs and other charges, net of payments | 98 | 258 | (236) |
| Amortization of merger-related inventory step-up | 0 | 0 | 12 |
| Depreciation and amortization | 4,635 | 4,626 | 4,675 |
| Deferred income taxes | (254) | (369) | (303) |
| Share-based compensation | 128 | 133 | 95 |
| Net gain on sale of businesses, net of tax | 0 | 0 | (108) |
| Non-cash charges and other | (19) | 152 | (127) |
| Working capital | |||
| Accounts receivable | (553) | 19 | 80 |
| Contract assets and liabilities, net | 1,307 | 90 | 87 |
| Inventory | (129) | 18 | (81) |
| Prepaid and other current assets | 76 | 128 | (72) |
| Payables and accruals | 447 | 109 | (174) |
| Pension contributions | (42) | (91) | (94) |
| Long-term assets, liabilities and other | 75 | (266) | 93 |
| Net cash provided by operating activities | 9,725 | 7,429 | 6,119 |
| Investing | |||
| Capital expenditures | (3,086) | (3,400) | (3,682) |
| Acquisitions, net of cash acquired | (88) | (68) | (225) |
| Divestitures and asset sales, net of cash divested | 167 | 482 | 5,096 |
| Net cash provided by (used for) investing activities | (3,007) | (2,986) | 1,189 |
| Financing | |||
| Short-term debt borrowings (repayments) net | (1,329) | 1,198 | 224 |
| Long-term debt borrowings | 2,283 | 2,796 | 99 |
| Long-term debt repayments | (1,468) | (2,681) | (1,583) |
| Issuances of ordinary shares | 50 | 47 | 72 |
| Purchases of ordinary shares | (4,612) | (2,457) | (2,658) |
| Cash dividends Linde plc shareholders | (2,189) | (2,028) | (1,891) |
| Noncontrolling interest transactions and other | (323) | (220) | (3,260) |
| Net cash used for financing activities | (7,588) | (3,345) | (8,997) |
| Discontinued Operations | |||
| Cash provided by operating activities | 0 | 0 | 69 |
| Cash used for investing activities | 0 | 0 | (60) |
| Cash provided by financing activities | 0 | 0 | 5 |
| Net cash provided by discontinued operations | 0 | 0 | 14 |
| Effect of exchange rate changes on cash and cash equivalents | (61) | (44) | (77) |
| Change in cash and cash equivalents | (931) | 1,054 | (1,752) |
| Cash and cash equivalents, beginning-of-period | 3,754 | 2,700 | |
| Cash and cash equivalents, including discontinued operations | 2,823 | 3,754 | 2,714 |
| Cash and cash equivalents of discontinued operations | 0 | 0 | (14) |
| Cash and cash equivalents, end-of-period | 2,823 | 3,754 | 2,700 |
| Supplemental Data | |||
| Income taxes paid | 1,710 | 1,066 | 1,357 |
| Interest paid, net of capitalized interest (Note 7) | 233 | 322 | 275 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LINDE PLC | ||
Ticker: LIN Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 28, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 2,823 | 3,754 |
| Accounts receivable net | 4,499 | 4,167 |
| Contract assets | 134 | 162 |
| Inventories | 1,733 | 1,729 |
| Prepaid and other current assets | 970 | 1,112 |
| Total Current Assets | 10,159 | 10,924 |
| Property, plant and equipment net | 26,003 | 28,711 |
| Equity investments | 2,619 | 2,061 |
| Goodwill | 27,038 | 28,201 |
| Other intangible assets net | 13,802 | 16,184 |
| Other long-term assets | 1,984 | 2,148 |
| Total Assets | 81,605 | 88,229 |
| Liabilities and Equity | ||
| Accounts payable | 3,503 | 3,095 |
| Short-term debt | 1,163 | 3,251 |
| Current portion of long-term debt | 1,709 | 751 |
| Contract liabilities | 2,940 | 1,769 |
| Accrued taxes | 429 | 542 |
| Other current liabilities | 3,899 | 4,332 |
| Total Current Liabilities | 13,643 | 13,740 |
| Long-term debt | 11,335 | 12,152 |
| Other long-term liabilities | 4,188 | 5,519 |
| Deferred credits | 6,998 | 7,236 |
| Total Liabilities | 36,164 | 38,647 |
| Commitments and contingencies (Note 17) | ||
| Redeemable noncontrolling interests | 13 | 13 |
| Linde plc Shareholders Equity: | ||
| Ordinary shares (0.001 par value, authorized 1,750,000,000 shares, 2021 issued: 552,012,862 ordinary shares; 2020 issued: 552,012,862 ordinary shares) | 1 | 1 |
| Additional paid-in capital | 40,180 | 40,202 |
| Retained earnings | 18,710 | 17,178 |
| Accumulated other comprehensive income (loss) | (5,048) | (4,690) |
| Less: Treasury shares, at cost (2021 43,331,983 shares and 2020 28,718,333 shares) | (9,808) | (5,374) |
| Total Linde plc Shareholders Equity | 44,035 | 47,317 |
| Noncontrolling interests | 1,393 | 2,252 |
| Total Equity | 45,428 | 49,569 |
| Total Liabilities and Equity | 81,605 | 88,229 |
| External Links | |
| LINDE PLC (LIN) Fiscal Year 2021 | |
| 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 |