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: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 28, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Sales | $ 33,364 | 30,793 | 27,243 |
| Cost of sales, exclusive of depreciation and amortization | 19,450 | 17,543 | 15,383 |
| Selling, general and administrative | 3,107 | 3,189 | 3,193 |
| Depreciation and amortization | 4,204 | 4,635 | 4,626 |
| Research and development | 143 | 143 | 152 |
| Russia-Ukraine conflict and other charges | 1,029 | 273 | 506 |
| Other income (expenses) net | (62) | (26) | (61) |
| Operating Profit | 5,369 | 4,984 | 3,322 |
| Interest expense net | 63 | 77 | 115 |
| Net pension and OPEB cost (benefit), excluding service cost | (237) | (192) | (177) |
| Income From Continuing Operations Before Income Taxes and Equity Investments | 5,543 | 5,099 | 3,384 |
| Income taxes on continuing operations | 1,434 | 1,262 | 847 |
| Income From Continuing Operations Before Equity Investments | 4,109 | 3,837 | 2,537 |
| Income from equity investments | 172 | 119 | 85 |
| Income From Continuing Operations (Including Noncontrolling Interests) | 4,281 | 3,956 | 2,622 |
| Income from discontinued operations, net of tax | 0 | 5 | 4 |
| Net Income (Including Noncontrolling Interests) | 4,281 | 3,961 | 2,626 |
| Less: noncontrolling interests from continuing operations | (134) | (135) | (125) |
| Net Income Linde plc | 4,147 | 3,826 | 2,501 |
| Net Income Linde plc | |||
| Income from continuing operations | 4,147 | 3,821 | 2,497 |
| Income from discontinued operations | 0 | 5 | 4 |
| Per Share Data Linde plc Shareholders | |||
| Basic earnings per share from continuing operations (in dollars per share) | 8.30 | 7.39 | 4.74 |
| Basic earnings per share from discontinued operations (in dollars per share) | 0.00 | 0.01 | 0.01 |
| Basic earnings per share (in dollars per share) | 8.30 | 7.40 | 4.75 |
| Diluted earnings per share from continuing operations (in dollars per share) | 8.23 | 7.32 | 4.70 |
| Diluted earnings per share from discontinued operations (in dollars per share) | 0.00 | 0.01 | 0.01 |
| Diluted earnings per share (in dollars per share) | 8.23 | 7.33 | 4.71 |
| Weighted Average Shares Outstanding (000s): | |||
| Basic shares outstanding (in shares) | 499,736 | 516,896 | 526,736 |
| Diluted shares outstanding (in shares) | 504,038 | 521,875 | 531,157 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 28, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $ 4,281 | 3,961 | 2,626 |
| OTHER COMPREHENSIVE INCOME (LOSS) | |||
| Translation adjustments: | |||
| Foreign currency translation adjustments | (1,725) | (1,116) | 565 |
| Reclassifications to net income | (110) | (52) | 0 |
| Income taxes | 0 | (7) | 30 |
| Translation adjustments | (1,835) | (1,175) | 595 |
| Funded status - retirement obligations (Note 16): | |||
| Retirement program remeasurements | 1,349 | 826 | (675) |
| Reclassifications to net income | 80 | 175 | 92 |
| Income taxes | (359) | (255) | 114 |
| Funded status - retirement obligations | 1,070 | 746 | (469) |
| Derivative instruments (Note 12): | |||
| Current year unrealized gain (loss) | 107 | 140 | (3) |
| Reclassifications to net income | (129) | (49) | 42 |
| Income taxes | 9 | (20) | (8) |
| Derivative instruments | (13) | 71 | 31 |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | (778) | (358) | 157 |
| COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) | 3,503 | 3,603 | 2,783 |
| Less: noncontrolling interests | (90) | (135) | (158) |
| COMPREHENSIVE INCOME - LINDE PLC | 3,413 | 3,468 | 2,625 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LINDE PLC | |||
Ticker: LIN Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 28, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Increase (Decrease) in Cash and Cash Equivalents | |||
| Operations | |||
| Net Income Linde plc | $ 4,147 | 3,826 | 2,501 |
| Less: income from discontinued operations, net of tax and noncontrolling interests | 0 | (5) | (4) |
| Add: Noncontrolling interests from continuing operations | 134 | 135 | 125 |
| Income from continuing operations (including noncontrolling interests) | 4,281 | 3,956 | 2,622 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Russia-Ukraine conflict and other charges, net of payments | 902 | 98 | 258 |
| Depreciation and amortization | 4,204 | 4,635 | 4,626 |
| Deferred income taxes | (383) | (254) | (369) |
| Share-based compensation | 107 | 128 | 133 |
| Non-cash charges and other | (49) | (19) | 152 |
| Working capital | |||
| Accounts receivable | (423) | (553) | 19 |
| Contract assets and liabilities, net | 310 | 1,307 | 90 |
| Inventory | (347) | (129) | 18 |
| Prepaid and other current assets | (157) | 76 | 128 |
| Payables and accruals | 307 | 447 | 109 |
| Pension contributions | (51) | (42) | (91) |
| Long-term assets, liabilities and other | 163 | 75 | (266) |
| Net cash provided by operating activities | 8,864 | 9,725 | 7,429 |
| Investing | |||
| Capital expenditures | (3,173) | (3,086) | (3,400) |
| Acquisitions, net of cash acquired | (110) | (88) | (68) |
| Divestitures and asset sales, net of cash divested | 195 | 167 | 482 |
| Net cash used for investing activities | (3,088) | (3,007) | (2,986) |
| Financing | |||
| Short-term debt borrowings (repayments) net | 3,050 | (1,329) | 1,198 |
| Long-term debt borrowings | 3,210 | 2,283 | 2,796 |
| Long-term debt repayments | (1,785) | (1,468) | (2,681) |
| Issuances of ordinary shares | 36 | 50 | 47 |
| Purchases of ordinary shares | (5,168) | (4,612) | (2,457) |
| Cash dividends Linde plc shareholders | (2,344) | (2,189) | (2,028) |
| Noncontrolling interest transactions and other | (88) | (323) | (220) |
| Net cash used for financing activities | (3,089) | (7,588) | (3,345) |
| Effect of exchange rate changes on cash and cash equivalents | (74) | (61) | (44) |
| Change in cash and cash equivalents | 2,613 | (931) | 1,054 |
| Cash and cash equivalents, beginning-of-period | 2,823 | 3,754 | |
| Cash and cash equivalents, end-of-period | 5,436 | 2,823 | 3,754 |
| Supplemental Data | |||
| Income taxes paid | 1,735 | 1,710 | 1,066 |
| Interest paid, net of capitalized interest (Note 7) | 170 | 233 | 322 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LINDE PLC | ||
Ticker: LIN Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 28, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 5,436 | 2,823 |
| Accounts receivable net | 4,559 | 4,499 |
| Contract assets | 124 | 134 |
| Inventories | 1,978 | 1,733 |
| Prepaid and other current assets | 950 | 970 |
| Total Current Assets | 13,047 | 10,159 |
| Property, plant and equipment net | 23,548 | 26,003 |
| Equity investments | 2,350 | 2,619 |
| Goodwill | 25,817 | 27,038 |
| Other intangible assets net | 12,420 | 13,802 |
| Other long-term assets | 2,476 | 1,984 |
| Total Assets | 79,658 | 81,605 |
| Liabilities and Equity | ||
| Accounts payable | 2,995 | 3,503 |
| Short-term debt | 4,117 | 1,163 |
| Current portion of long-term debt | 1,599 | 1,709 |
| Contract liabilities | 3,073 | 2,940 |
| Accrued taxes | 613 | 429 |
| Other current liabilities | 4,082 | 3,899 |
| Total Current Liabilities | 16,479 | 13,643 |
| Long-term debt | 12,198 | 11,335 |
| Other long-term liabilities | 2,795 | 4,188 |
| Deferred credits | 6,799 | 6,998 |
| Total Liabilities | 38,271 | 36,164 |
| 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, 2022 and 2021 issued: 552,012,862 ordinary shares) | 1 | 1 |
| Additional paid-in capital | 40,005 | 40,180 |
| Retained earnings | 20,541 | 18,710 |
| Accumulated other comprehensive income (loss) | (5,782) | (5,048) |
| Less: Treasury shares, at cost (2022 59,555,235 shares and 2021 43,331,983 shares) | (14,737) | (9,808) |
| Total Linde plc Shareholders Equity | 40,028 | 44,035 |
| Noncontrolling interests | 1,346 | 1,393 |
| Total Equity | 41,374 | 45,428 |
| Total Liabilities and Equity | 79,658 | 81,605 |
| External Links | |
| LINDE PLC (LIN) Fiscal Year 2022 | |
| 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 |