XML 176 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operations      
Net Income – Linde plc $ 4,381 $ 1,247 $ 1,500
Less: income from discontinued operations, net of tax and noncontrolling interests (108) 0 0
Add: Noncontrolling interests from continuing operations 15 61 38
Income from continuing operations (including noncontrolling interests) 4,288 1,308 1,538
Adjustments to reconcile net income to net cash provided by operating activities:      
Transaction costs and other charges, net of payments 40 26 83
Amortization of merger-related inventory step-up 368 0 0
Tax Act income tax charge, net (61) 394 0
Depreciation and amortization 1,830 1,184 1,122
Deferred income taxes, excluding Tax Act (187) 136 (13)
Share-based compensation 62 59 39
Net gain on sale of businesses, net of tax (2,923) 0 0
Non-cash charges and other 175 43 (43)
Working capital      
Accounts receivable (124) (92) (33)
Inventory (4) (22) (13)
Prepaid and other current assets 43 (66) 6
Payables and accruals 287 22 92
Pension contributions (87) (19) (11)
Long-term assets, liabilities and other (53) 68 22
Net cash provided by operating activities 3,654 3,041 2,789
Investing      
Capital expenditures (1,883) (1,311) (1,465)
Acquisitions, net of cash acquired (25) (33) (363)
Divestitures and asset sales, net of cash divested 5,908 30 58
Cash acquired in merger transaction 1,363 0 0
Net cash used for investing activities 5,363 (1,314) (1,770)
Financing      
Short-term debt borrowings (repayments) – net 208 (199) 191
Long-term debt borrowings 8 11 936
Long-term debt repayments (3,124) (583) (770)
Issuances of common stock 77 120 139
Purchases of common stock (599) (12) (228)
Cash dividends – Praxair, Inc. shareholders (1,166) (901) (856)
Noncontrolling interest transactions and other (402) (92) (71)
Net cash used for financing activities (4,998) (1,656) (659)
Discontinued Operations      
Cash provided by operating activities 48 0 0
Cash used for investing activities (23) 0 0
Cash provided by financing activities 2 0 0
Net cash provided by discontinued operations 27 0 0
Effect of exchange rate changes on cash and cash equivalents (60) 22 17
Change in cash and cash equivalents 3,986 93 377
Cash and cash equivalents, beginning-of-period 617 524 147
Cash and cash equivalents, including discontinued operations 4,603 617 524
Cash and cash equivalents of discontinued operations (137) 0 0
Cash and cash equivalents, end-of-period 4,466 617 524
Supplemental Data      
Income taxes paid 757 565 585
Interest paid, net of capitalized interest (Note 9) $ 214 $ 184 $ 189