Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

	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
Accounts payable	2,593)	2,446)	2,507)	2,845)	2,859)	2,885)	3,020)	2,750)	2,977)	2,941)	2,995)	3,067)	3,360)	3,387)	3,503)	3,069)	3,143)	2,945)	3,095)	2,903)	2,816)	2,965)
Short-term debt	4,879)	4,465)	4,223)	3,509)	3,326)	4,046)	4,713)	3,849)	3,018)	5,337)	4,117)	3,179)	3,215)	2,549)	1,163)	2,895)	3,681)	3,276)	3,251)	4,024)	3,679)	4,848)
Current portion of long-term debt	1,340)	1,824)	2,057)	1,278)	1,261)	1,046)	1,263)	922)	944)	1,696)	1,599)	1,551)	1,651)	1,074)	1,709)	2,293)	1,827)	2,524)	751)	1,820)	2,723)	2,006)
Contract liabilities	1,261)	1,196)	1,194)	1,727)	1,767)	1,827)	1,901)	1,985)	3,246)	3,070)	3,073)	2,902)	2,933)	3,035)	2,940)	2,213)	1,787)	1,863)	1,769)	1,714)	1,693)	1,854)
Other current liabilities	4,641)	4,554)	4,563)	4,690)	4,291)	4,585)	4,820)	4,656)	4,367)	4,741)	4,695)	4,362)	4,136)	4,461)	4,328)	4,288)	4,238)	4,419)	4,874)	4,331)	4,184)	3,817)
Current liabilities	14,714)	14,485)	14,544)	14,049)	13,504)	14,389)	15,717)	14,162)	14,552)	17,785)	16,479)	15,061)	15,295)	14,506)	13,643)	14,758)	14,676)	15,027)	13,740)	14,792)	15,095)	15,490)
Long-term debt, excluding current portion	19,701)	17,608)	15,343)	17,475)	16,931)	15,227)	13,397)	13,232)	13,528)	11,744)	12,198)	10,608)	11,177)	12,833)	11,335)	11,539)	9,984)	9,950)	12,152)	11,959)	11,078)	10,021)
Other long-term liabilities	11,677)	11,148)	10,772)	10,419)	10,229)	10,502)	10,602)	10,195)	9,390)	9,443)	9,594)	9,715)	10,373)	11,038)	11,186)	12,157)	12,457)	12,383)	12,755)	11,866)	11,746)	11,615)
Long-term liabilities	31,378)	28,756)	26,115)	27,894)	27,160)	25,729)	23,999)	23,427)	22,918)	21,187)	21,792)	20,323)	21,550)	23,871)	22,521)	23,696)	22,441)	22,333)	24,907)	23,825)	22,824)	21,636)
Total liabilities	46,092)	43,241)	40,659)	41,943)	40,664)	40,118)	39,716)	37,589)	37,470)	38,972)	38,271)	35,384)	36,845)	38,377)	36,164)	38,454)	37,117)	37,360)	38,647)	38,617)	37,919)	37,126)
Redeemable noncontrolling interests	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	92)
Ordinary shares, €0.001 par value	1)	1)	1)	1)	1)	1)	1)	—)	—)	—)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	39,411)	39,408)	39,603)	39,573)	39,560)	39,570)	39,812)	39,803)	39,797)	39,859)	40,005)	40,011)	39,978)	39,972)	40,180)	40,220)	40,200)	40,192)	40,202)	40,203)	40,211)	40,185)
Retained earnings	14,595)	13,545)	12,634)	11,585)	10,721)	9,708)	8,845)	7,940)	7,024)	6,092)	20,541)	19,845)	19,159)	19,387)	18,710)	18,240)	17,820)	17,563)	17,178)	16,927)	16,782)	16,850)
Accumulated other comprehensive loss	(6,250)	(6,768)	(6,894)	(6,059)	(6,794)	(6,528)	(5,805)	(6,676)	(5,899)	(5,810)	(5,782)	(8,094)	(6,466)	(4,938)	(5,048)	(5,618)	(4,908)	(5,345)	(4,690)	(5,973)	(6,621)	(7,388)
Treasury shares, at cost	(9,242)	(8,154)	(7,252)	(5,927)	(5,309)	(3,922)	(3,133)	(2,169)	(1,011)	(171)	(14,737)	(14,135)	(12,998)	(11,459)	(9,808)	(8,520)	(7,336)	(6,201)	(5,374)	(4,983)	(4,836)	(4,872)
Total Linde plc shareholders’ equity	38,515)	38,032)	38,092)	39,173)	38,179)	38,829)	39,720)	38,898)	39,911)	39,970)	40,028)	37,628)	39,674)	42,963)	44,035)	44,323)	45,777)	46,210)	47,317)	46,175)	45,537)	44,776)
Noncontrolling interests	1,458)	1,418)	1,383)	1,417)	1,359)	1,387)	1,362)	1,327)	1,324)	1,353)	1,346)	1,298)	1,353)	1,414)	1,393)	1,401)	1,438)	1,410)	2,252)	2,404)	2,387)	2,375)
Total equity	39,973)	39,450)	39,475)	40,590)	39,538)	40,216)	41,082)	40,225)	41,235)	41,323)	41,374)	38,926)	41,027)	44,377)	45,428)	45,724)	47,215)	47,620)	49,569)	48,579)	47,924)	47,151)
Total liabilities and equity	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)

Accounts Payable: The accounts payable balance showed fluctuations around 2700–3500 million USD between 2020 and mid-2023. After peaking near 3503 million USD in December 2021, the trend slightly declined, reaching approximately 2446 million USD by mid-2025, indicating some reduction in outstanding payables over time.
Short-term Debt: Short-term debt exhibited notable volatility, with values initially around 3500–4800 million USD in early 2020. A significant dip occurred in December 2021 to 1163 million USD, followed by a rebound to highs above 4800 million USD by mid-2025. This variability suggests active short-term borrowing and repayment cycles within the periods.
Current Portion of Long-term Debt: This component displayed a general decline from a high near 2723 million USD in the second quarter of 2020 to mixed levels fluctuating between approximately 922 and 2057 million USD until mid-2025, without a clear long-term directional trend, hence indicating ongoing refinancing or reclassification activity.
Contract Liabilities: Contract liabilities gradually increased from around 1700 million USD in 2020 to peaks exceeding 3200 million USD by mid-2023 but decreased significantly afterwards to about 1196 million USD by mid-2025. This pattern may reflect variations in advance payments or customer obligations related to contract timing and fulfillment.
Other Current Liabilities: Other current liabilities remained relatively stable, oscillating in the range 3800–4800 million USD with minor fluctuations. The balance did not present any significant trend, indicating consistent treatment or recurring short-term obligations.
Current Liabilities (Total): Aggregate current liabilities showed variability with a broad range of roughly 13,500 to 17,700 million USD over the period. Peaks were observed at the end of 2022 and early 2023, followed by general stabilization closer to prior levels, reflecting the combined effect of the components described above.
Long-term Debt, Excluding Current Portion: Long-term debt excluding the current portion trended upwards, increasing from approximately 10,000 million USD in early 2020 to nearly 20,000 million USD by mid-2025. This steady rise indicates an increase in the company’s long-term financing commitments, possibly to fund growth or capital expenditures.
Other Long-term Liabilities: These liabilities decreased gradually from over 11,600 million USD in early 2020 to around 9,400 million USD by early 2023 but subsequently increased to nearly 11,700 million USD by mid-2025. This U-shaped movement suggests varying accruals or adjustments of long-term obligations over the examined periods.
Long-term Liabilities (Total): Total long-term liabilities overall increased from approximately 21,600 million USD in early 2020 to about 31,400 million USD by mid-2025, reflecting the combined rise in long-term debt along with fluctuations in other long-term liabilities.
Total Liabilities: Total liabilities fluctuated around 37,000 to 46,000 million USD, with a generally increasing trajectory toward mid-2025. This reflects growth in long-term obligations outpacing some stabilization or decreases in current liabilities.
Shareholders' Equity: Shareholders' equity showed a decline from around 44,800 million USD in early 2020 to a low near 37,600 million USD by late 2022, influenced in part by a sharp drop in retained earnings during that period. The equity subsequently stabilized and increased slightly, reaching approximately 38,500 million USD by mid-2025, indicating partial recovery.
Retained Earnings: Retained earnings generally grew from approximately 16,800 million USD in early 2020 to more than 20,500 million USD at the end of 2022. However, there was a substantial decrease to around 6,000 million USD in early 2023, followed again by gradual growth, reaching nearly 14,600 million USD by mid-2025. This volatility may point to significant adjustments, including possibly reclassifications or expense impacts.
Accumulated Other Comprehensive Loss: The accumulated other comprehensive loss remained negative throughout the period, fluctuating between approximately -4,700 and -8,000 million USD without a clear linear trend. The sizable negative balances indicate ongoing losses or valuation adjustments recognized in equity.
Treasury Shares, at Cost: Treasury shares increased markedly in absolute terms (negative value growing) from about -4,800 million USD in early 2020 to over -14,700 million USD by late 2022, but then reversed partially, reducing to levels around -9,200 million USD by mid-2025. This indicates active repurchase and possibly reissuance or cancellation of shares.
Total Equity: Total equity followed a pattern similar to shareholders' equity, peaking near 49,500 million USD in late 2020, then declining to approximately 39,000 million USD by late 2022, and holding steady with minor increases thereafter, ending near 40,000 million USD by mid-2025.
Total Liabilities and Equity: The combined total of liabilities and equity hovered around 84,000 to 88,000 million USD through 2020, declined somewhat during 2022, falling below 78,000 million USD, and then rose again to exceed 86,000 million USD by mid-2025. This shows overall growth in the company's balance sheet size over the analyzed timeframe.

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Linde plc (NASDAQ:LIN)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data