Stock Analysis on Net
Stock Analysis on Net

Linde plc (NYSE:LIN)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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 (quarterly data)

US$ in millions

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Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Cash and cash equivalents 4,096  3,754  5,199  4,941  4,014  2,700  2,120  2,686  5,791  4,466  600  479  545  617  607  535  519  524  627  567  221 
Accounts receivable, net 4,139  4,167  4,033  3,994  4,084  4,322  4,238  4,483  4,390  4,297  1,852  1,877  1,900  1,804  1,809  1,791  1,730  1,641  1,699  1,741  1,685 
Contract assets 137  162  170  226  311  368  367  405  305  283  —  —  —  —  —  —  —  —  —  —  — 
Inventories 1,695  1,729  1,733  1,715  1,689  1,697  1,653  1,708  1,667  1,651  622  606  619  614  587  568  561  550  538  559  553 
Prepaid and other current assets 1,065  1,112  1,130  1,197  1,415  1,265  1,434  1,399  2,935  6,575  231  202  265  250  240  225  204  165  398  396  411 
Current assets 11,132  10,924  12,265  12,073  11,513  10,352  9,812  10,681  15,088  17,272  3,305  3,164  3,329  3,285  3,243  3,119  3,014  2,880  3,262  3,263  2,870 
Property, plant and equipment, net 26,934  28,711  27,945  27,693  27,418  29,064  28,460  29,540  29,418  29,717  11,725  11,701  12,113  12,057  11,992  11,806  11,692  11,477  11,635  11,578  11,314 
Goodwill 27,472  28,201  27,239  26,580  26,073  27,019  26,261  26,947  26,820  26,874  3,201  3,200  3,274  3,233  3,234  3,182  3,141  3,117  3,163  3,149  3,071 
Other intangible assets, net 14,559  16,184  15,731  15,504  15,339  16,137  15,836  15,804  15,944  16,223  513  525  547  553  563  568  574  583  595  612  576 
Other long-term assets 4,896  4,209  4,029  4,006  4,026  4,040  4,025  4,217  4,371  3,300  1,235  1,246  1,329  1,308  1,343  1,290  1,244  1,275  1,231  1,209  1,194 
Long-term assets 73,861  77,305  74,944  73,783  72,856  76,260  74,582  76,508  76,553  76,114  16,674  16,672  17,263  17,151  17,132  16,846  16,651  16,452  16,624  16,548  16,155 
Total assets 84,993  88,229  87,209  85,856  84,369  86,612  84,394  87,189  91,641  93,386  19,979  19,836  20,592  20,436  20,375  19,965  19,665  19,332  19,886  19,811  19,025 

Based on: 10-Q (filing date: 2021-05-06), 10-K (filing date: 2021-03-01), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-03-02), 10-Q (filing date: 2019-11-12), 10-Q (filing date: 2019-08-09), 10-Q (filing date: 2019-05-10), 10-K (filing date: 2019-03-18), 10-Q (filing date: 2018-11-09), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-29).


Assets: Selected Items

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’s current assets decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021.
Property, plant and equipment, net 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’s property, plant and equipment, net increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
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’s long-term assets increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
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’s total assets increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.

Current Assets: Selected Items

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’s cash and cash equivalents decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021.
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’s accounts receivable, net increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021.
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’s inventories decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.