Cash Flow Statement

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

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income, Linde plc	6,565)	6,199)	4,147)	3,826)	2,501)
Income from discontinued operations, net of tax and noncontrolling interests	—)	—)	—)	(5)	(4)
Noncontrolling interests from continuing operations	172)	142)	134)	135)	125)
Income from continuing operations, including noncontrolling interests	6,737)	6,341)	4,281)	3,956)	2,622)
Cost reduction program and other charges	31)	(118)	902)	98)	258)
Depreciation and amortization	3,780)	3,816)	4,204)	4,635)	4,626)
Deferred income taxes	(142)	(84)	(383)	(254)	(369)
Share-based compensation	160)	141)	107)	128)	133)
Non-cash charges and other	(72)	43)	(49)	(19)	152)
Accounts receivable	(160)	(86)	(423)	(553)	19)
Contract assets and liabilities, net	(409)	(168)	310)	1,307)	90)
Inventory	56)	(127)	(347)	(129)	18)
Prepaid and other current assets	(55)	66)	(157)	76)	128)
Payables and accruals	(277)	(168)	307)	447)	109)
Working capital	(845)	(483)	(310)	1,148)	364)
Pension contributions	(35)	(46)	(51)	(42)	(91)
Long-term assets, liabilities and other	(191)	(305)	163)	75)	(266)
Adjustments to reconcile net income to net cash provided by operating activities	2,686)	2,964)	4,583)	5,769)	4,807)
Net cash provided by operating activities	9,423)	9,305)	8,864)	9,725)	7,429)
Capital expenditures	(4,497)	(3,787)	(3,173)	(3,086)	(3,400)
Acquisitions, net of cash acquired	(317)	(953)	(110)	(88)	(68)
Divestitures, net of cash divested and asset sales	170)	70)	195)	167)	482)
Net cash used for investing activities	(4,644)	(4,670)	(3,088)	(3,007)	(2,986)
Short-term debt borrowings (repayments), net	(372)	554)	3,050)	(1,329)	1,198)
Long-term debt borrowings	4,844)	2,188)	3,210)	2,283)	2,796)
Long-term debt repayments	(1,305)	(1,682)	(1,785)	(1,468)	(2,681)
Issuances of ordinary shares	31)	33)	36)	50)	47)
Purchases of ordinary shares	(4,482)	(3,958)	(5,168)	(4,612)	(2,457)
Cash dividends, Linde plc shareholders	(2,655)	(2,482)	(2,344)	(2,189)	(2,028)
Noncontrolling interest transactions and other	(420)	(53)	(88)	(323)	(220)
Net cash used for financing activities	(4,359)	(5,400)	(3,089)	(7,588)	(3,345)
Effect of exchange rate changes on cash and cash equivalents	(234)	(7)	(74)	(61)	(44)
Change in cash and cash equivalents	186)	(772)	2,613)	(931)	1,054)
Cash and cash equivalents, beginning-of-period	4,664)	5,436)	2,823)	3,754)	2,700)
Cash and cash equivalents, end-of-period	4,850)	4,664)	5,436)	2,823)	3,754)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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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 2022 to 2023 and from 2023 to 2024.
Net cash used for 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 investing activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Net cash 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 used for financing activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Linde plc (NASDAQ:LIN)

Cash Flow Statement