Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Linde plc (NYSE:LIN)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Linde plc, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Accounts payable 3,095  3,266  3,219  972  906 
Short-term debt 3,251  1,732  1,485  238  434 
Current portion of long-term debt 751  1,531  1,523  979  164 
Contract liabilities 1,769  1,758  1,546  —  — 
Accrued taxes 542  370  657  242  133 
Accrued expenses 1,226  1,079  1,187  319  285 
Payroll 653  619  658  170  141 
VAT payable 336  268  235  —  — 
Pension and postretirement 34  27  117  30  24 
Interest payable 135  127  137  81  78 
Lease liability 275  260  —  —  — 
Insurance reserves 38  38  36  12 
Unrealized losses on derivatives 70  54  36  —  — 
Noncontrolling interest redemption and dividend 231  —  —  —  — 
Synergy cost accruals 199  140  —  —  — 
Other 1,135  891  2,120  264  305 
Other current liabilities 4,332  3,503  4,526  876  841 
Current liabilities 13,740  12,160  12,956  3,307  2,478 
Long-term debt, excluding current portion 12,152  10,693  12,288  7,783  8,917 
Pension and postretirement 2,963  2,548  2,004  851  863 
Tax liabilities for uncertain tax positions 355  342  191  35  44 
Tax Act liabilities for deemed repatriation 204  235  265  388  — 
Lease liability 794  716  —  —  — 
Interest and penalties for uncertain tax positions 99  65  48 
Insurance reserves 33  28  24  23  25 
Asset retirement obligation 302  293  300  —  — 
Unrealized losses on derivatives 11  45  43  —  — 
Synergy cost accruals 170  60  —  —  — 
Other 588  556  560  283  275 
Other long-term liabilities 5,519  4,888  3,435  1,588  1,213 
Deferred income taxes 6,704  6,889  7,432  1,167  1,209 
Other 532  347  179  69  63 
Deferred credits 7,236  7,236  7,611  1,236  1,272 
Long-term liabilities 24,907  22,817  23,334  10,607  11,402 
Total liabilities 38,647  34,977  36,290  13,914  13,880 
Redeemable noncontrolling interests 13  113  16  11  11 
Ordinary shares, €0.001 par value
Additional paid-in capital 40,202  40,201  40,151  4,084  4,074 
Retained earnings 17,178  16,842  16,529  13,224  12,879 
Accumulated other comprehensive loss (4,690) (4,814) (4,456) (4,098) (4,600)
Treasury stock, at cost (5,374) (3,156) (629) (7,196) (7,336)
Total Linde plc shareholders’ equity 47,317  49,074  51,596  6,018  5,021 
Noncontrolling interests 2,252  2,448  5,484  493  420 
Total equity 49,569  51,522  57,080  6,511  5,441 
Total liabilities and equity 88,229  86,612  93,386  20,436  19,332 

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Linde plc’s current liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Linde plc’s long-term liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Linde plc’s total liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Total Linde plc shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Linde plc’s total Linde plc shareholders’ equity decreased from 2018 to 2019 and from 2019 to 2020.