XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operations      
Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826
Less: income from discontinued operations, net of tax and noncontrolling interests 0 0 (5)
Add: Noncontrolling interests from continuing operations 142 134 135
Income from continuing operations (including noncontrolling interests) 6,341 4,281 3,956
Adjustments to reconcile net income to net cash provided by operating activities:      
Other charges, net of payments (118) 902 98
Depreciation and amortization 3,816 4,204 4,635
Deferred income taxes (84) (383) (254)
Share-based compensation 141 107 128
Non-cash charges and other 43 (49) (19)
Working capital      
Accounts receivable (86) (423) (553)
Contract assets and liabilities, net (168) 310 1,307
Inventory (127) (347) (129)
Prepaid and other current assets 66 (157) 76
Payables and accruals (168) 307 447
Pension contributions (46) (51) (42)
Long-term assets, liabilities and other (305) 163 75
Net cash provided by operating activities 9,305 8,864 9,725
Investing      
Capital expenditures (3,787) (3,173) (3,086)
Acquisitions, net of cash acquired (953) (110) (88)
Divestitures and asset sales, net of cash divested 70 195 167
Net cash used for investing activities (4,670) (3,088) (3,007)
Financing      
Short-term debt borrowings (repayments) – net 554 3,050 (1,329)
Long-term debt borrowings 2,188 3,210 2,283
Long-term debt repayments (1,682) (1,785) (1,468)
Issuances of ordinary shares 33 36 50
Purchases of ordinary shares (3,958) (5,168) (4,612)
Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189)
Noncontrolling interest transactions and other (53) (88) (323)
Net cash used for financing activities (5,400) (3,089) (7,588)
Effect of exchange rate changes on cash and cash equivalents (7) (74) (61)
Change in cash and cash equivalents (772) 2,613 (931)
Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754
Cash and cash equivalents, end-of-period 4,664 5,436 2,823
Supplemental Data      
Income taxes paid 1,955 1,735 1,710
Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233