Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Linde plc.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.01B | $32.85B | $33.36B | $30.79B | $27.24B | $28.23B | $14.90B | $11.44B | $10.53B | $10.78B |
| Cost of Revenue | $17.14B | $17.49B | $19.45B | $17.54B | $15.38B | $16.64B | $9.08B | $6.46B | $5.86B | $5.96B |
| Gross Profit | $15.86B | $15.36B | $13.91B | $13.25B | $11.86B | $11.58B | $5.82B | $4.98B | $4.67B | $4.82B |
| Gross Profit Ratio | 48.06% | 46.76% | 41.70% | 43.03% | 43.53% | 41.04% | 39.03% | 43.56% | 44.37% | 44.69% |
| Research and Development Expenses | $150.00M | $146.00M | $143.00M | $143.00M | $152.00M | $184.00M | $113.00M | $93.00M | $92.00M | $93.00M |
| General and Administrative Expenses | $- | $1.80B | $1.81B | $1.85B | $1.89B | $1.86B | $872.00M | $696.00M | $652.00M | $645.00M |
| Selling and Marketing Expenses | $- | $1.33B | $1.29B | $1.34B | $1.30B | $1.60B | $757.00M | $511.00M | $493.00M | $507.00M |
| Selling General and Administrative Expenses | $3.34B | $3.13B | $3.11B | $3.19B | $3.19B | $3.46B | $1.63B | $1.21B | $1.15B | $1.15B |
| Other Expenses | $3.74B | $4.06B | $4.20B | $4.63B | $4.63B | $4.67B | $19.00M | $4.00M | $-77.00M | $-144.00M |
| Operating Expenses | $7.23B | $7.34B | $7.45B | $7.97B | $7.97B | $8.32B | $3.57B | $2.48B | $2.36B | $2.35B |
| Cost and Expenses | $24.37B | $24.83B | $26.90B | $25.51B | $23.35B | $24.96B | $12.66B | $8.94B | $8.22B | $8.31B |
| Interest Income | $- | $213.00M | $152.00M | $40.00M | $55.00M | $112.00M | $- | $- | $- | $- |
| Interest Expense | $256.00M | $413.00M | $63.00M | $77.00M | $115.00M | $38.00M | $202.00M | $161.00M | $190.00M | $161.00M |
| Depreciation and Amortization | $3.78B | $3.82B | $4.20B | $4.63B | $4.63B | $4.67B | $1.83B | $1.18B | $1.12B | $1.11B |
| EBITDA | $12.75B | $12.22B | $10.86B | $10.14B | $8.73B | $8.04B | $4.04B | $3.68B | $3.44B | $3.43B |
| EBITDA Ratio | 38.63% | 37.19% | 32.55% | 32.92% | 32.05% | 28.49% | 27.15% | 32.20% | 32.67% | 31.80% |
| Operating Income | $8.63B | $8.02B | $5.37B | $4.98B | $3.32B | $2.93B | $5.25B | $2.45B | $2.24B | $2.32B |
| Operating Income Ratio | 26.16% | 24.42% | 16.09% | 16.19% | 12.19% | 10.39% | 35.21% | 21.40% | 21.25% | 21.54% |
| Total Other Income Expenses Net | $104.00M | $-36.00M | $174.00M | $115.00M | $62.00M | $-6.00M | $-198.00M | $-157.00M | $-199.00M | $-161.00M |
| Income Before Tax | $8.74B | $7.99B | $5.54B | $5.10B | $3.38B | $2.93B | $5.05B | $2.29B | $2.05B | $2.16B |
| Income Before Tax Ratio | 26.48% | 24.31% | 16.61% | 16.56% | 12.42% | 10.37% | 33.89% | 20.00% | 19.44% | 20.04% |
| Income Tax Expense | $2.00B | $1.81B | $1.43B | $1.26B | $847.00M | $769.00M | $817.00M | $1.03B | $551.00M | $612.00M |
| Net Income | $6.57B | $6.20B | $4.15B | $3.83B | $2.50B | $2.29B | $4.38B | $1.25B | $1.50B | $1.55B |
| Net Income Ratio | 19.89% | 18.87% | 12.43% | 12.42% | 9.18% | 8.09% | 29.40% | 10.90% | 14.24% | 14.36% |
| EPS | $13.71 | $12.70 | $8.30 | $7.40 | $4.75 | $4.22 | $13.26 | $4.36 | $5.25 | $5.39 |
| EPS Diluted | $13.62 | $12.59 | $8.23 | $7.33 | $4.71 | $4.19 | $13.11 | $4.32 | $5.21 | $5.35 |
| Weighted Average Shares Outstanding | 482.01M | 488.19M | 499.74M | 516.90M | 526.74M | 541.09M | 330.40M | 286.26M | 285.68M | 287.00M |
| Weighted Average Shares Outstanding Diluted | 482.09M | 492.29M | 504.04M | 521.88M | 531.16M | 545.17M | 334.13M | 289.11M | 287.76M | 289.06M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $4.85B | $4.66B | $5.44B | $2.82B | $3.75B | $2.70B | $4.47B | $617.00M | $524.00M | $147.00M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $4.00M | $- |
| Cash and Short Term Investments | $4.85B | $4.66B | $5.44B | $2.82B | $3.75B | $2.70B | $4.47B | $617.00M | $524.00M | $147.00M |
| Net Receivables | $4.88B | $5.09B | $4.91B | $4.83B | $4.59B | $4.96B | $4.83B | $1.80B | $1.64B | $1.60B |
| Inventory | $1.95B | $2.12B | $1.98B | $1.73B | $1.73B | $1.70B | $1.65B | $614.00M | $550.00M | $531.00M |
| Other Current Assets | $1.26B | $749.00M | $725.00M | $774.00M | $851.00M | $990.00M | $6.33B | $250.00M | $165.00M | $347.00M |
| Total Current Assets | $12.95B | $12.62B | $13.05B | $10.16B | $10.92B | $10.35B | $17.27B | $3.29B | $2.88B | $2.63B |
| Property Plant Equipment Net | $25.76B | $25.49B | $23.55B | $26.00B | $28.71B | $29.06B | $29.72B | $12.06B | $11.48B | $11.00B |
| Goodwill | $25.94B | $26.75B | $25.82B | $27.04B | $28.20B | $27.02B | $26.87B | $3.23B | $3.12B | $2.99B |
| Intangible Assets | $11.33B | $12.40B | $12.42B | $13.80B | $16.18B | $16.14B | $16.22B | $553.00M | $583.00M | $568.00M |
| Goodwill and Intangible Assets | $37.27B | $39.15B | $38.24B | $40.84B | $44.38B | $43.16B | $43.10B | $3.79B | $3.70B | $3.55B |
| Long Term Investments | $- | $2.38B | $2.53B | $2.64B | $2.08B | $2.07B | $1.91B | $739.00M | $731.00M | $677.00M |
| Tax Assets | $- | $226.00M | $230.00M | $242.00M | $268.00M | $243.00M | $510.00M | $198.00M | $185.00M | $118.00M |
| Other Non-Current Assets | $4.17B | $948.00M | $2.06B | $1.72B | $1.86B | $1.73B | $876.00M | $371.00M | $359.00M | $346.00M |
| Total Non-Current Assets | $67.20B | $68.19B | $66.61B | $71.45B | $77.31B | $76.26B | $76.11B | $17.15B | $16.45B | $15.69B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $80.15B | $80.81B | $79.66B | $81.61B | $88.23B | $86.61B | $93.39B | $20.44B | $19.33B | $18.32B |
| Account Payables | $2.51B | $3.02B | $3.00B | $3.50B | $3.10B | $3.27B | $3.22B | $922.00M | $906.00M | $791.00M |
| Short Term Debt | $6.28B | $6.20B | $5.94B | $3.13B | $4.28B | $3.52B | $3.01B | $1.22B | $598.00M | $256.00M |
| Tax Payables | $- | $917.00M | $872.00M | $724.00M | $878.00M | $638.00M | $892.00M | $242.00M | $133.00M | $144.00M |
| Deferred Revenue | $- | $1.90B | $3.07B | $2.94B | $1.77B | $1.76B | $1.79B | $9.00M | $- | $- |
| Other Current Liabilities | $5.76B | $3.68B | $3.60B | $3.34B | $3.72B | $2.98B | $5.84B | $917.00M | $841.00M | $702.00M |
| Total Current Liabilities | $14.54B | $15.72B | $16.48B | $13.64B | $13.74B | $12.16B | $12.96B | $3.31B | $2.48B | $1.89B |
| Long Term Debt | $15.34B | $14.11B | $12.85B | $12.08B | $12.95B | $11.41B | $12.37B | $7.79B | $7.64B | $8.97B |
| Deferred Revenue Non-Current | $- | $1.05B | $6.80B | $7.00B | $7.24B | $7.24B | $7.61B | $69.00M | $63.00M | $- |
| Deferred Tax Liabilities Non-Current | $- | $5.75B | $5.89B | $-7.00B | $-7.24B | $-7.24B | $2.29B | $1.17B | $1.21B | $- |
| Other Non-Current Liabilities | $10.77B | $3.09B | $-3.75B | $-2.80B | $-1.98B | $11.41B | $3.35B | $2.82B | $1.21B | $2.54B |
| Total Non-Current Liabilities | $26.11B | $24.00B | $21.79B | $22.52B | $24.91B | $22.82B | $23.33B | $10.61B | $11.40B | $11.52B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $40.66B | $39.72B | $38.27B | $36.16B | $38.65B | $34.98B | $36.29B | $13.91B | $13.88B | $13.41B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $4.00M | $4.00M | $4.00M |
| Retained Earnings | $12.63B | $8.85B | $20.54B | $18.71B | $17.18B | $16.84B | $16.53B | $13.22B | $12.88B | $12.23B |
| Accumulated Other Comprehensive Income Loss | $-6.89B | $-5.80B | $-5.78B | $-5.05B | $-4.69B | $-4.81B | $-4.46B | $-4.10B | $-4.60B | $-4.60B |
| Other Total Stockholders Equity | $32.35B | $36.68B | $25.27B | $30.37B | $34.83B | $37.05B | $39.52B | $-3.11B | $-3.26B | $-3.25B |
| Total Stockholders Equity | $38.09B | $39.72B | $40.03B | $44.03B | $47.32B | $49.07B | $51.60B | $6.02B | $5.02B | $4.39B |
| Total Equity | $39.49B | $41.09B | $41.39B | $45.44B | $49.58B | $51.63B | $57.10B | $6.52B | $5.45B | $4.91B |
| Total Liabilities and Stockholders Equity | $80.15B | $80.81B | $79.66B | $81.61B | $88.23B | $86.61B | $93.39B | $20.44B | $19.33B | $18.32B |
| Minority Interest | $1.40B | $1.38B | $1.36B | $1.41B | $2.27B | $2.56B | $5.50B | $504.00M | $431.00M | $517.00M |
| Total Liabilities and Total Equity | $80.15B | $80.81B | $79.66B | $81.61B | $88.23B | $86.61B | $93.39B | $20.44B | $19.33B | $18.32B |
| Total Investments | $- | $2.38B | $2.53B | $2.64B | $2.08B | $2.07B | $1.91B | $739.00M | $731.00M | $677.00M |
| Total Debt | $21.62B | $20.32B | $17.91B | $14.21B | $16.15B | $13.96B | $15.30B | $9.00B | $9.52B | $9.23B |
| Net Debt | $16.77B | $15.65B | $12.48B | $11.38B | $12.40B | $11.26B | $10.83B | $8.38B | $8.99B | $9.08B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $6.57B | $6.20B | $4.28B | $3.96B | $2.62B | $2.27B | $4.29B | $1.31B | $1.54B | $1.59B |
| Depreciation and Amortization | $3.78B | $3.82B | $4.20B | $4.63B | $4.63B | $4.67B | $1.83B | $1.18B | $1.12B | $1.11B |
| Deferred Income Tax | $-142.00M | $-84.00M | $-319.00M | $6.00M | $-222.00M | $-314.00M | $-248.00M | $634.00M | $-5.00M | $-59.00M |
| Stock Based Compensation | $- | $141.00M | $107.00M | $128.00M | $133.00M | $95.00M | $62.00M | $59.00M | $39.00M | $30.00M |
| Change in Working Capital | $-548.00M | $-483.00M | $-153.00M | $1.07B | $236.00M | $-88.00M | $202.00M | $-92.00M | $46.00M | $-62.00M |
| Accounts Receivables | $-569.00M | $-86.00M | $-423.00M | $-553.00M | $19.00M | $80.00M | $-124.00M | $-92.00M | $-33.00M | $1.00M |
| Inventory | $56.00M | $-127.00M | $-347.00M | $-129.00M | $18.00M | $-81.00M | $-4.00M | $-22.00M | $-13.00M | $-23.00M |
| Accounts Payables | $- | $-102.00M | $307.00M | $447.00M | $109.00M | $-174.00M | $383.00M | $-46.00M | $86.00M | $47.00M |
| Other Working Capital | $-35.00M | $-168.00M | $617.00M | $1.31B | $90.00M | $87.00M | $-53.00M | $68.00M | $6.00M | $-87.00M |
| Other Non Cash Items | $-232.00M | $-284.00M | $744.00M | $-72.00M | $34.00M | $-452.00M | $-2.43B | $-52.00M | $33.00M | $76.00M |
| Net Cash Provided by Operating Activities | $9.42B | $9.30B | $8.86B | $9.72B | $7.43B | $6.19B | $3.70B | $3.04B | $2.77B | $2.68B |
| Investments in Property Plant and Equipment | $-4.50B | $-3.79B | $-3.17B | $-3.09B | $-3.40B | $-3.68B | $-1.88B | $-1.31B | $-1.47B | $-1.54B |
| Acquisitions Net | $-317.00M | $-883.00M | $85.00M | $79.00M | $414.00M | $4.87B | $7.25B | $-3.00M | $-305.00M | $238.00M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $170.00M | $- | $195.00M | $167.00M | $482.00M | $-60.00M | $-23.00M | $30.00M | $58.00M | $320.00M |
| Net Cash Used for Investing Activities | $-4.64B | $-4.67B | $-3.09B | $-3.01B | $-2.99B | $1.13B | $5.34B | $-1.31B | $-1.77B | $-1.30B |
| Debt Repayment | $3.17B | $1.06B | $4.47B | $-514.00M | $1.31B | $-1.26B | $-2.91B | $-771.00M | $357.00M | $168.00M |
| Common Stock Issued | $- | $33.00M | $36.00M | $50.00M | $47.00M | $72.00M | $77.00M | $120.00M | $139.00M | $88.00M |
| Common Stock Repurchased | $-4.48B | $-3.96B | $-5.17B | $-4.61B | $-2.46B | $-2.66B | $-599.00M | $-12.00M | $-228.00M | $-725.00M |
| Dividends Paid | $-2.65B | $-2.48B | $-2.34B | $-2.19B | $-2.03B | $-1.89B | $-1.17B | $-901.00M | $-856.00M | $-819.00M |
| Other Financing Activities | $-389.00M | $-53.00M | $-88.00M | $-323.00M | $-220.00M | $-3.25B | $-400.00M | $-92.00M | $-55.00M | $-9.00M |
| Net Cash Used Provided by Financing Activities | $-4.36B | $-5.40B | $-3.09B | $-7.59B | $-3.35B | $-8.99B | $-5.00B | $-1.66B | $-643.00M | $-1.30B |
| Effect of Forex Changes on Cash | $-234.00M | $-7.00M | $-74.00M | $-61.00M | $-44.00M | $-77.00M | $-60.00M | $22.00M | $17.00M | $-61.00M |
| Net Change in Cash | $186.00M | $-772.00M | $2.61B | $-931.00M | $1.05B | $-1.77B | $3.99B | $93.00M | $377.00M | $21.00M |
| Cash at End of Period | $4.85B | $4.66B | $5.44B | $2.82B | $3.75B | $2.70B | $4.60B | $617.00M | $524.00M | $147.00M |
| Cash at Beginning of Period | $4.66B | $5.44B | $2.82B | $3.75B | $2.70B | $4.47B | $617.00M | $524.00M | $147.00M | $126.00M |
| Operating Cash Flow | $9.42B | $9.30B | $8.86B | $9.72B | $7.43B | $6.19B | $3.70B | $3.04B | $2.77B | $2.68B |
| Capital Expenditure | $-4.50B | $-3.79B | $-3.17B | $-3.09B | $-3.40B | $-3.68B | $-1.88B | $-1.31B | $-1.47B | $-1.54B |
| Free Cash Flow | $4.93B | $5.52B | $5.69B | $6.64B | $4.03B | $2.51B | $1.82B | $1.73B | $1.31B | $1.14B |