Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Linde plc, consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Sales 8,302 8,155 8,204 8,193 7,899 8,797 8,457 8,211 8,298 7,668 7,584 7,243 7,272 6,855 6,377 6,739 7,080 7,000 7,204 6,944
Cost of sales, exclusive of depreciation and amortization (4,431) (4,314) (4,316) (4,431) (4,427) (5,285) (4,940) (4,798) (4,927) (4,368) (4,194) (4,054) (4,086) (3,835) (3,619) (3,843) (4,187) (4,061) (4,280) (4,116)
Gross margin 3,871 3,841 3,888 3,762 3,472 3,512 3,517 3,413 3,371 3,300 3,390 3,189 3,186 3,020 2,758 2,896 2,893 2,939 2,924 2,828
Selling, general and administrative (832) (808) (833) (822) (764) (770) (771) (802) (787) (793) (822) (787) (802) (770) (760) (861) (844) (850) (884) (879)
Depreciation and amortization (949) (959) (960) (948) (956) (1,045) (1,091) (1,112) (1,135) (1,163) (1,171) (1,166) (1,192) (1,168) (1,124) (1,142) (1,162) (1,095) (1,195) (1,223)
Research and development (39) (36) (35) (36) (36) (35) (37) (35) (38) (36) (34) (35) (38) (36) (34) (44) (49) (44) (45) (46)
Other charges 2 (2) (22) (18) (25) (15) (993) 4 (51) (26) (204) 8 (78) (48) (249) (131) (212) (125) (141) (89)
Net gain on sale of businesses 164
Other income (expense), net (25) 16 (27) (5) (4) (34) (36) 12 (23) 10 (17) 4 (47) (29) 15 29 11 10 18
Operating profit 2,028 2,052 2,011 1,933 1,687 1,613 589 1,480 1,337 1,292 1,142 1,213 1,029 969 591 733 655 1,000 669 609
Interest expense, net (71) (40) (52) (37) (31) (18) (5) (9) (31) (8) (18) (20) (35) (38) (18) (24) (8) 3 (10) (23)
Net pension and OPEB (cost) benefit, excluding service cost 39 35 45 45 58 53 62 64 49 45 49 49 46 41 45 45 25 (2) 24 (15)
Income before income taxes and equity investments 1,996 2,047 2,004 1,941 1,714 1,648 646 1,535 1,355 1,329 1,173 1,242 1,040 972 618 754 672 1,001 683 571
Income taxes (459) (487) (438) (430) (388) (391) (286) (369) (339) (321) (334) (268) (253) (265) (164) (165) (162) (298) (169) (140)
Income from continuing operations before equity investments 1,537 1,560 1,566 1,511 1,326 1,257 360 1,166 1,016 1,008 839 974 787 707 454 589 510 703 514 431
Income from equity investments 39 41 46 41 35 43 50 44 38 1 37 43 16 23 29 17 24 28 28 34
Income from continuing operations, including noncontrolling interests 1,576 1,601 1,612 1,552 1,361 1,300 410 1,210 1,054 1,009 876 1,017 803 730 483 606 534 731 542 465
Income from discontinued operations, net of tax 2 1 1 1 1 1 2 4 7 9 89
Net income, including noncontrolling interests 1,576 1,601 1,612 1,552 1,361 1,300 410 1,210 1,056 1,010 877 1,018 804 731 483 608 538 738 551 554
Noncontrolling interests (33) (36) (37) (36) (33) (27) (38) (36) (30) (31) (36) (38) (34) (31) (25) (35) (27) (3) (29) (37)
Net income, Linde plc 1,543 1,565 1,575 1,516 1,328 1,273 372 1,174 1,026 979 841 980 770 700 458 573 511 735 522 517

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Linde plc sales decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Linde plc operating profit increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Net income, Linde plc The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Linde plc net income, Linde plc decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.