Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Linde plc, consolidated balance sheet: assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	4,664)	5,436)	2,823)	3,754)	2,700)
Accounts receivable, net	4,718)	4,559)	4,499)	4,167)	4,322)
Contract assets	196)	124)	134)	162)	368)
Inventories	2,115)	1,978)	1,733)	1,729)	1,697)
Prepaid and other deferred charges	583)	597)	527)	516)	516)
VAT recoverable	178)	225)	196)	261)	275)
Unrealized gains on derivatives	73)	24)	101)	110)	85)
Assets held for sale	—)	—)	—)	4)	125)
Other	93)	104)	146)	221)	264)
Prepaid and other current assets	927)	950)	970)	1,112)	1,265)
Current assets	12,620)	13,047)	10,159)	10,924)	10,352)
Property, plant and equipment, net	24,552)	23,548)	26,003)	28,711)	28,924)
Finance lease right-of-use assets	179)	146)	163)	155)	140)
Property, plant and equipment, net, including finance lease right-of-use assets	24,731)	23,694)	26,166)	28,866)	29,064)
Equity investments	2,190)	2,350)	2,619)	2,061)	2,027)
Goodwill	26,751)	25,817)	27,038)	28,201)	27,019)
Other intangible assets, net	12,399)	12,420)	13,802)	16,184)	16,137)
Pension assets	380)	661)	139)	55)	78)
Insurance contracts	38)	39)	46)	61)	75)
Long-term receivables, net	163)	164)	105)	201)	150)
Operating lease right-of-use assets	759)	726)	853)	935)	1,025)
Deposits	76)	52)	43)	47)	56)
Investments carried at cost	187)	184)	18)	23)	40)
Deferred charges	60)	66)	62)	96)	90)
Deferred income taxes	226)	230)	242)	268)	243)
Unrealized gains on derivatives	8)	4)	35)	90)	82)
Other	223)	204)	278)	217)	174)
Other long-term assets	2,120)	2,330)	1,821)	1,993)	2,013)
Long-term assets	68,191)	66,611)	71,446)	77,305)	76,260)
Total assets	80,811)	79,658)	81,605)	88,229)	86,612)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Linde plc current assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Property, plant and equipment, net, including finance lease right-of-use assets	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Linde plc property, plant and equipment, net, including finance lease right-of-use assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Linde plc long-term assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Linde plc total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Linde plc cash and cash equivalents increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Linde plc accounts receivable, net increased from 2021 to 2022 and from 2022 to 2023.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Linde plc inventories increased from 2021 to 2022 and from 2022 to 2023.

Linde plc (NASDAQ:LIN)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items