XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operations    
Net Income – Linde plc $ 3,091 $ 1,546
Add: Noncontrolling interests 73 74
Net Income (including noncontrolling interests) 3,164 1,620
Adjustments to reconcile net income to net cash provided by operating activities:    
Other charges, net of payments (61) 922
Depreciation and amortization 1,908 2,203
Deferred income taxes (61) (221)
Share-based compensation 66 51
Working capital:    
Accounts receivable (175) (543)
Inventory (85) (144)
Prepaid and other current assets (39) (123)
Payables and accruals (458) 70
Contract assets and liabilities, net 117 243
Pension contributions (25) (19)
Long-term assets, liabilities and other (293) 74
Net cash provided by (used for) operating activities 4,058 4,133
Investing    
Capital expenditures (1,688) (1,475)
Acquisitions, net of cash acquired (834) (49)
Divestitures, net of cash divested and asset sales 24 17
Net cash provided by (used for) investing activities (2,498) (1,507)
Financing    
Short-term debt borrowings (repayments) - net (1,116) 2,172
Long-term debt borrowings 2,115 2,291
Long-term debt repayments (1,641) (1,703)
Issuances of ordinary shares 21 22
Purchases of ordinary shares (1,767) (3,329)
Cash dividends - Linde plc shareholders (1,246) (1,177)
Noncontrolling interest transactions and other (22) (35)
Net cash provided by (used for) financing activities (3,656) (1,759)
Effect of exchange rate changes on cash and cash equivalents 17 (35)
Change in cash and cash equivalents (2,079) 832
Cash and cash equivalents, beginning-of-period 5,436 2,823
Cash and cash equivalents, end-of-period $ 3,357 $ 3,655