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 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 |
| 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 |