Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Linde plc, consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income, Linde plc 6,199 4,147 3,826 2,501 2,285
Income from discontinued operations, net of tax and noncontrolling interests (5) (4) (102)
Noncontrolling interests from continuing operations 142 134 135 125 89
Income from continuing operations, including noncontrolling interests 6,341 4,281 3,956 2,622 2,272
Other charges, net of payments (118) 902 98 258 (236)
Amortization of merger-related inventory step-up 12
Depreciation and amortization 3,816 4,204 4,635 4,626 4,675
Deferred income taxes (84) (383) (254) (369) (303)
Share-based compensation 141 107 128 133 95
Net gain on sale of businesses, net of tax (108)
Non-cash charges and other 43 (49) (19) 152 (127)
Accounts receivable (86) (423) (553) 19 80
Contract assets and liabilities, net (168) 310 1,307 90 87
Inventory (127) (347) (129) 18 (81)
Prepaid and other current assets 66 (157) 76 128 (72)
Payables and accruals (168) 307 447 109 (174)
Working capital (483) (310) 1,148 364 (160)
Pension contributions (46) (51) (42) (91) (94)
Long-term assets, liabilities and other (305) 163 75 (266) 93
Adjustments to reconcile net income to net cash provided by operating activities 2,964 4,583 5,769 4,807 3,847
Net cash provided by operating activities 9,305 8,864 9,725 7,429 6,119
Capital expenditures (3,787) (3,173) (3,086) (3,400) (3,682)
Acquisitions, net of cash acquired (953) (110) (88) (68) (225)
Divestitures and asset sales, net of cash divested 70 195 167 482 5,096
Net cash (used for) provided by investing activities (4,670) (3,088) (3,007) (2,986) 1,189
Short-term debt borrowings (repayments), net 554 3,050 (1,329) 1,198 224
Long-term debt borrowings 2,188 3,210 2,283 2,796 99
Long-term debt repayments (1,682) (1,785) (1,468) (2,681) (1,583)
Issuances of ordinary shares 33 36 50 47 72
Purchases of ordinary shares (3,958) (5,168) (4,612) (2,457) (2,658)
Cash dividends, Linde plc shareholders (2,482) (2,344) (2,189) (2,028) (1,891)
Noncontrolling interest transactions and other (53) (88) (323) (220) (3,260)
Net cash used for financing activities (5,400) (3,089) (7,588) (3,345) (8,997)
Cash provided by operating activities 69
Cash used for investing activities (60)
Cash provided by financing activities 5
Net cash provided by discontinued operations 14
Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) (44) (77)
Change in cash and cash equivalents (772) 2,613 (931) 1,054 (1,752)
Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 2,700 4,466
Cash and cash equivalents, including discontinued operations 4,664 5,436 2,823 3,754 2,714
Cash and cash equivalents of discontinued operations (14)
Cash and cash equivalents, end-of-period 4,664 5,436 2,823 3,754 2,700

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Linde plc net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net cash (used for) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Linde plc net cash (used for) provided by investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash used for financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Linde plc net cash used for financing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.