Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Linde plc, consolidated cash flow 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
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
Income from discontinued operations, net of tax and noncontrolling interests (2) (1) (1) (1) (1) (1) (2) (4) (7) (9) (82)
Noncontrolling interests from continuing operations 33 36 37 36 33 27 38 36 30 31 36 38 34 31 25 35 27 3 29 30
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
Other charges, net of payments (27) (30) (61) (7) (13) 956 (34) 15 (12) 171 (76) 18 1 199 40 120 (70) (119) (167)
Amortization of merger-related inventory step-up 2 10
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
Deferred income taxes 88 (111) (65) 4 29 (191) (162) (59) (70) (106) (13) (65) (70) (38) (154) (107) (178) (15) (96) (14)
Share-based compensation 39 36 36 30 29 27 17 34 33 32 34 29 29 29 32 43 31 26 22 16
Net gain on sale of businesses, net of tax (108)
Accounts receivable 83 6 (44) (131) 149 (29) (203) (340) (14) (151) (210) (178) 95 42 (9) (109) 110 158 (132) (56)
Inventory (2) (40) (26) (59) (47) (156) (109) (35) (52) (35) 18 (60) 119 (19) (20) (62) (20) 12 (41) (32)
Prepaid and other current assets 35 70 (34) (5) (46) 12 (16) (107) 101 (5) 44 (64) 127 49 44 (92) (7) 11 3 (79)
Payables and accruals 100 190 (394) (64) (69) 306 19 51 316 92 (30) 69 121 15 156 (183) 237 (164) (216) (31)
Contract assets and liabilities, net (164) (121) 183 (66) (59) 126 51 192 777 479 (140) 191 1 18 (105) 176 122 68 (19) (84)
Working capital 52 105 (315) (325) (72) 259 (258) (239) 1,128 380 (318) (42) 463 105 66 (270) 442 85 (405) (282)
Pension contributions (11) (10) (15) (10) (7) (25) (6) (13) (10) (4) (16) (12) (15) (35) (24) (17) (25) (26) (25) (18)
Long-term assets, liabilities and other 61 (30) (63) (230) (194) 234 85 (11) (52) 94 (78) 92 14 (76) 38 (90) 196 44 (109) (165)
Adjustments to reconcile net income to net cash provided by operating activities 1,151 919 538 356 734 1,336 1,723 790 2,179 1,547 951 1,092 1,631 1,154 1,281 741 1,640 1,141 463 603
Net cash provided by operating activities 2,727 2,520 2,150 1,908 2,095 2,636 2,133 2,000 3,233 2,556 1,827 2,109 2,434 1,884 1,764 1,347 2,174 1,872 1,005 1,068
Capital expenditures (1,151) (948) (859) (829) (936) (762) (826) (649) (839) (741) (744) (762) (1,027) (787) (783) (803) (1,015) (959) (865) (843)
Acquisitions, net of cash acquired (111) (8) (26) (808) (61) (6) (43) (57) (21) (10) (27) (41) (64) (21) 12 (152)
Divestitures, net of cash divested and asset sales 36 10 21 3 55 123 (10) 27 20 70 56 21 47 55 149 231 136 271 1,234 3,455
Net cash (used for) provided by investing activities (1,226) (946) (864) (1,634) (881) (700) (842) (665) (876) (671) (709) (751) (1,007) (732) (634) (613) (943) (709) 381 2,460
Short-term debt borrowings (repayments), net 799 871 (2,315) 1,199 821 57 756 1,416 (1,698) (712) 377 704 (956) 209 (1,204) 3,149 455 (220) 522 (533)
Long-term debt borrowings 65 8 2,055 60 919 (5) 2,296 23 2,209 17 34 33 1,107 1,640 16 44 10 23 22
Long-term debt repayments (31) (10) (1,099) (542) (60) (22) (537) (1,166) (647) (3) (761) (57) (1,099) (1,504) (25) (53) (15) (257) (795) (516)
Issuances of ordinary shares 8 4 8 13 12 2 12 10 11 7 15 17 6 16 12 13 12 5 27 28
Purchases of ordinary shares (1,033) (1,158) (908) (859) (690) (1,149) (1,610) (1,719) (1,361) (1,169) (1,214) (868) (427) (202) (1,828) (724) (684) (525) (725)
Cash dividends, Linde plc shareholders (616) (620) (623) (623) (586) (581) (585) (592) (541) (546) (549) (553) (505) (506) (506) (511) (469) (471) (474) (477)
Noncontrolling interest transactions and other 28 (59) (10) (12) (26) (27) (34) (1) (4) (42) (30) (247) (19) (53) (121) (27) (3) (35) (3,212) (10)
Net cash provided by (used for) financing activities (780) (964) (2,892) (764) 390 (1,720) (2,003) 244 (4,217) (256) (2,145) (970) (2,967) (933) (204) 759 (700) (1,652) (4,434) (2,211)
Cash provided by operating activities 2 (3) 7 63
Cash used for investing activities (1) (1) (58)
Cash provided by financing activities 5
Net cash provided by discontinued operations 1 (3) 6 10
Effect of exchange rate changes on cash and cash equivalents 49 (73) 1 16 76 (115) (97) 62 (17) (66) 68 (46) 95 39 1 (179) 49 (77) (57) 8
Change in cash and cash equivalents 770 537 (1,605) (474) 1,680 101 (809) 1,641 (1,877) 1,563 (959) 342 (1,445) 258 927 1,314 581 (569) (3,099) 1,335

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Linde plc net cash provided by operating activities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash (used for) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Linde plc net cash (used for) provided by investing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash provided by (used for) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Linde plc net cash provided by (used for) financing activities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.