Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	4,509)	4,786)	5,294)	4,850)	5,187)	4,626)	4,848)	4,664)	3,894)	3,357)	4,962)	5,436)	3,756)	3,655)	4,464)	2,823)	4,700)	3,137)	4,096)	3,754)	5,199)	4,941)	4,014)
Accounts receivable, net	5,331)	5,230)	4,950)	4,622)	4,871)	5,001)	5,009)	4,718)	4,692)	4,799)	4,753)	4,559)	4,599)	4,803)	4,845)	4,499)	4,367)	4,342)	4,139)	4,167)	4,033)	3,994)	4,084)
Contract assets	228)	260)	293)	263)	255)	226)	217)	196)	151)	156)	175)	124)	104)	78)	100)	134)	166)	173)	137)	162)	170)	226)	311)
Inventories	2,128)	2,122)	1,984)	1,946)	2,087)	2,094)	2,100)	2,115)	2,078)	2,079)	2,054)	1,978)	1,855)	1,786)	1,766)	1,733)	1,694)	1,692)	1,695)	1,729)	1,733)	1,715)	1,689)
Prepaid and other current assets	1,135)	1,229)	1,076)	1,264)	1,060)	896)	928)	927)	922)	1,020)	960)	950)	889)	950)	1,082)	970)	1,080)	1,102)	1,065)	1,112)	1,130)	1,197)	1,415)
Current assets	13,331)	13,627)	13,597)	12,945)	13,460)	12,843)	13,102)	12,620)	11,737)	11,411)	12,904)	13,047)	11,203)	11,272)	12,257)	10,159)	12,007)	10,446)	11,132)	10,924)	12,265)	12,073)	11,513)
Property, plant and equipment, net	27,535)	26,928)	25,710)	24,775)	25,124)	24,575)	24,418)	24,552)	23,624)	23,808)	23,796)	23,548)	22,586)	23,993)	25,595)	26,003)	26,180)	26,917)	26,934)	28,711)	27,945)	27,693)	27,418)
Goodwill	27,828)	27,812)	26,507)	25,937)	27,108)	26,365)	26,289)	26,751)	25,955)	26,456)	26,418)	25,817)	24,565)	25,678)	26,822)	27,038)	27,178)	27,621)	27,472)	28,201)	27,239)	26,580)	26,073)
Other intangible assets, net	11,931)	12,082)	11,561)	11,330)	12,113)	11,851)	12,001)	12,399)	12,092)	12,510)	12,638)	12,420)	11,810)	12,634)	13,506)	13,802)	14,048)	14,493)	14,559)	16,184)	15,731)	15,504)	15,339)
Other long-term assets	5,368)	5,629)	5,329)	5,160)	4,741)	4,581)	4,537)	4,489)	4,419)	4,533)	4,552)	4,826)	4,159)	4,308)	4,587)	4,603)	4,778)	4,868)	4,896)	4,209)	4,029)	4,006)	4,026)
Long-term assets	72,662)	72,451)	69,107)	67,202)	69,086)	67,372)	67,245)	68,191)	66,090)	67,307)	67,404)	66,611)	63,120)	66,613)	70,510)	71,446)	72,184)	73,899)	73,861)	77,305)	74,944)	73,783)	72,856)
Total assets	85,993)	86,078)	82,704)	80,147)	82,546)	80,215)	80,347)	80,811)	77,827)	78,718)	80,308)	79,658)	74,323)	77,885)	82,767)	81,605)	84,191)	84,345)	84,993)	88,229)	87,209)	85,856)	84,369)

Cash and cash equivalents: The cash and cash equivalents balance exhibits considerable fluctuation across the periods. Starting near $4 billion in early 2020, it peaks in Q1 2023 around $5 billion but experiences several declines, indicating variability in liquidity management or cash flow timing issues.
Accounts receivable, net: Accounts receivable steadily increases over the observed timeline, moving from about $4.1 billion to over $5.3 billion by late 2025. This consistent upward trend suggests growing sales on credit, which may require close monitoring to manage collection efficiency and credit risk.
Contract assets: Contract assets show a downward trend in early periods, reaching a low point around 2022, before gradually rising again to about $228 million by late 2025. This pattern may reflect changes in revenue recognition timing or contract fulfillment progress.
Inventories: Inventory levels generally increase from approximately $1.7 billion in 2020 to exceed $2.1 billion near the end of 2025. The gradual buildup suggests a strategy of stockpiling or anticipation of higher sales demand, though a minor dip occurs around 2024.
Prepaid and other current assets: This category shows moderate fluctuations but remains relatively stable between $900 million and $1.3 billion throughout the periods. The modest volatility indicates routine operational expenses and prepayments without significant structural changes.
Current assets: Current assets values oscillate around $11 billion to $13.5 billion with no clear directional trend, reflecting mixed movements in individual current asset components and signaling stable short-term liquidity.
Property, plant and equipment, net: Net property, plant and equipment decreases from about $27.4 billion in 2020 to a trough near $22.5 billion in late 2022, before recovering to approximately $27.5 billion by 2025. This indicates periods of significant asset disposals or impairments followed by renewed capital expenditures or revaluations.
Goodwill: Goodwill fluctuates moderately around the mid-$26 billion level, with a notable decline during 2022 and partial recovery thereafter. These movements may result from acquisitions, disposals, or impairment testing outcomes reflecting business combination activities.
Other intangible assets, net: Other intangible assets steadily decline from about $15.3 billion to approximately $11.9 billion over the timeframe, showing amortization or impairment exceeding additions. This trend suggests consumption of intangible asset values without significant reinvestment.
Other long-term assets: These assets remain fairly stable with a slight upward trend, rising from roughly $4.0 billion to about $5.4 billion, indicating gradual accumulation of long-term investments or deferred items.
Long-term assets: Long-term assets decrease from around $72.9 billion in early 2020 to about $63 billion in late 2022, followed by a rebound to approximately $72.7 billion by late 2025. The mid-period decline likely reflects disposals and amortization, with subsequent capital reinvestments or revaluations improving the balance.
Total assets: Total assets show a modest decline from about $84.4 billion to a low near $74.3 billion in 2022, then recover to roughly $86 billion by the end of 2025. This overall pattern correlates with movements in both current and long-term assets, illustrating a cycle of asset consolidation and subsequent growth.

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Linde plc (NASDAQ:LIN)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data