← Filings of LIN
Tables in the 10-Q of LINDE PLC
49 tables with numbers, filed Jul 30, 2021. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “(Exact name of registrant as specified in its charter)”
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| Ireland | 98-1448883 | | | | |
| (State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) | | | | |
| The Priestley Centre | | | | |
| 10 Riverview Dr., | 10 Priestley Road, | | | | |
| Danbury, CT | Surrey Research Park, | | | | |
| United States 06810 | | Guildford, | | Surrey | GU2 7XY |
| United Kingdom | | | | |
| (Address of principal executive offices) (Zip Code) | | | | | |
First 8 of 10 rows. The CSV has all of them.
| INDEX | | |
| PART I - FINANCIAL INFORMATION | | |
| Item 1. | Financial Statements (unaudited) | |
| Consolidated Statements of Income - Quarters Ended June 30, 2021 and 2020 | 4 |
| Consolidated Statements of Income - Six Months Ended June 30, 2021 and 2020 | 5 |
| Consolidated Statements of Comprehensive Income - Quarters Ended June 30, 2021 and 2020 | 6 |
| Consolidated Statements of Comprehensive Income - Six Months Ended June 30, 2021 and 2020 | 7 |
| Condensed Consolidated Balance Sheets - June 30, 2021 and December 31, 2020 | 8 |
First 8 of 22 rows. The CSV has all of them.
| Quarter Ended June 30, | | |
| 2021 | 2020 | |
| Sales | $7,584 | | $6,377 |
| Cost of sales, exclusive of depreciation and amortization | 4,194 | | 3,619 |
| Selling, general and administrative | 822 | | 760 |
| Depreciation and amortization | 1,171 | | 1,124 |
| Research and development | 34 | | 34 |
| Cost reduction programs and other charges | 204 | | 249 |
First 8 of 35 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2021 | 2020 | |
| Sales | $14,827 | | $13,116 |
| Cost of sales, exclusive of depreciation and amortization | 8,248 | | 7,462 |
| Selling, general and administrative | 1,609 | | 1,621 |
| Depreciation and amortization | 2,337 | | 2,266 |
| Research and development | 69 | | 78 |
| Cost reduction programs and other charges | 196 | | 380 |
First 8 of 35 rows. The CSV has all of them.
| Quarter Ended June 30, | | |
| 2021 | 2020 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $877 | | $483 |
| OTHER COMPREHENSIVE INCOME (LOSS) | | | |
| Translation adjustments: | | | |
| Foreign currency translation adjustments | 412 | | 745 |
| Reclassification to net income | — | | — |
| Income taxes | (2) | | (1) |
First 8 of 23 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2021 | 2020 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $1,895 | | $1,091 |
| OTHER COMPREHENSIVE INCOME (LOSS) | | | |
| Translation adjustments: | | | |
| Foreign currency translation adjustments | (245) | | (1,995) |
| Reclassification to net income (Note 13) | (52) | | — |
| Income taxes | (8) | | 24 |
First 8 of 23 rows. The CSV has all of them.
| June 30, 2021 | December 31, 2020 | |
| Assets | | | |
| Cash and cash equivalents | $3,137 | | $3,754 |
| Accounts receivable - net | 4,342 | | 4,167 |
| Contract assets | 173 | | 162 |
| Inventories | 1,692 | | 1,729 |
| Prepaid and other current assets | 1,102 | | 1,112 |
| Total Current Assets | 10,446 | | 10,924 |
First 8 of 34 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2021 | 2020 | |
| Increase (Decrease) in Cash and Cash Equivalents | | | |
| Operations | | | |
| Net income - Linde plc | $1,821 | | $1,031 |
| Less: Income from discontinued operations, net of tax and noncontrolling interests | (2) | | (2) |
| Add: Noncontrolling interests from continuing operations | 74 | | 60 |
| Income from continuing operations (including noncontrolling interests) | 1,893 | | 1,089 |
First 8 of 40 rows. The CSV has all of them.
Table 9 after “Notes to Condensed Consolidated Financial Statements - Linde plc and Subsidiaries (Unaudited)”
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| Note 1. Summary of Significant Accounting Policies | 11 |
| Note 2. Cost Reduction Programs and Other Charges | 11 |
| Note 3. Supplemental Information | 14 |
| Note 4. Debt | 15 |
| Note 5. Financial Instruments | 16 |
| Note 6. Fair Value Disclosures | 18 |
| Note 7. Earnings Per Share – Linde plc Shareholders | 19 |
| Note 8. Retirement Programs | 20 |
First 8 of 13 rows. The CSV has all of them.
Table 10 after “lowing table summarizes the activities related to the company's cost reduction charges for the quarter and six months ended June 30, 2021:”
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| Quarter Ended June 30, 2021 | | | | | | | |
| (millions of dollars) | Severance costs | Other cost reduction charges | | Total cost reduction program related charges | Merger-related and other charges | Total | | |
| Americas | $— | | $— | | $— | | $— | $— |
| EMEA | 169 | | 14 | | 183 | | — | 183 |
| APAC | 5 | | — | | 5 | | — | 5 |
| Engineering | — | | 6 | | 6 | | — | 6 |
| Other | 8 | | 2 | | 10 | | — | 10 |
| Total | $182 | | $22 | | $204 | | $— | $204 |
| Six Months Ended June 30, 2021 | | | | | | | |
| (millions of dollars) | Severance costs | Other cost reduction charges | | Total cost reduction program related charges | Merger-related and other charges | Total | | |
| Americas | $3 | | $2 | | $5 | | $— | $5 |
| EMEA | 182 | | 21 | | 203 | | — | 203 |
| APAC | 7 | | 2 | | 9 | | (53) | (44) |
| Engineering | 7 | | 6 | | 13 | | — | 13 |
| Other | 9 | | 9 | | 18 | | 1 | 19 |
| Total | $208 | | $40 | | $248 | | $(52) | $196 |
| (millions of dollars) | Severance costs | Other cost reduction charges | | Total cost reduction program related charges | Merger-related and other charges | Total | | |
| Balance, December 31, 2020 | $283 | | $22 | | $305 | | $64 | $369 |
| 2021 Cost Reduction Programs and Other Charges | 208 | | 40 | | 248 | | (52) | 196 |
| Less: Cash payments | (85) | | (5) | | (90) | | (6) | (96) |
| Less: Non-cash charges / benefits | — | | (19) | | (19) | | 54 | 35 |
| Foreign currency translation and other | (5) | | — | | (5) | | (3) | (8) |
| Balance, June 30, 2021 | $401 | | $38 | | $439 | | $57 | $496 |
Table 13 after “The following is a summary of Linde's consolidated inventories:”
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| (Millions of dollars) | June 30, 2021 | December 31, 2020 | |
| Inventories | | | |
| Raw materials and supplies | $369 | | $411 |
| Work in process | 358 | | 337 |
| Finished goods | 965 | | 981 |
| Total inventories | $1,692 | | $1,729 |
Table 14 after “The following is a summary of Linde's outstanding debt at June 30, 2021 and December 31, 2020:”
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| (Millions of dollars) | June 30, 2021 | December 31, 2020 | |
| SHORT-TERM | | | |
| Commercial paper | $2,808 | | $2,527 |
| Other borrowings (primarily non U.S.) | 873 | | 724 |
| Total short-term debt | 3,681 | | 3,251 |
| LONG-TERM (a) | | | |
| (U.S. dollar denominated unless otherwise noted) | | | |
| 3.875% Euro denominated notes due 2021 (c) | — | | 748 |
First 8 of 34 rows. The CSV has all of them.
Table 15 after “The following table is a summary of the notional amount and fair value of derivatives outstanding at June 30, 2021 and December 31, 2020 for”
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| | | | Fair Value | | | | | | | | |
| Notional Amounts | Assets (a) | | Liabilities (a) | | | | | | | | |
| (Millions of dollars) | June 30, 2021 | December 31, 2020 | | June 30, 2021 | December 31, 2020 | | June 30, 2021 | | December 31, 2020 | | | |
| Derivatives Not Designated as Hedging Instruments: | | | | | | | | | | | | |
| Currency contracts: | | | | | | | | | | | | |
| Balance sheet items | $4,972 | | $6,470 | | $32 | | | $72 | | $24 | | $48 |
| Forecasted transactions | 523 | | 823 | | 6 | | | 16 | | 6 | | 12 |
| Cross-currency swaps | 174 | | 260 | | 25 | | | 24 | | 5 | | 7 |
First 8 of 17 rows. The CSV has all of them.
Table 16 after “The following table summarizes the impact of the company’s derivatives on the consolidated statements of income:”
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| Amount of Pre-Tax Gain (Loss) Recognized in Earnings * | | | | | |
| Quarter Ended June 30, | Six Months Ended June 30, | | | | |
| (Millions of dollars) | 2021 | 2020 | | 2021 | 2020 | |
| Derivatives Not Designated as Hedging Instruments | | | | | | |
| Currency contracts: | | | | | | |
| Balance sheet items | | | | | | |
| Debt-related | $10 | | $37 | | $29 | $32 |
| Other balance sheet items | 3 | | (29) | | 7 | (70) |
First 8 of 9 rows. The CSV has all of them.
Table 17 after “The following table summarizes assets and liabilities measured at fair value on a recurring basis:”
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| Fair Value Measurements Using | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 | | | | | | |
| (Millions of dollars) | June 30, 2021 | December 31, 2020 | | June 30, 2021 | December 31, 2020 | June 30, 2021 | | December 31, 2020 | | |
| Assets | | | | | | | | | | |
| Derivative assets | $— | | $— | | $142 | | $200 | | $— | $— |
| Investments and securities* | 19 | | 21 | | — | | — | | 46 | 47 |
| Total | $19 | | $21 | | $142 | | $200 | | 46 | $47 |
| Liabilities | | | | | | | | | | |
First 8 of 9 rows. The CSV has all of them.
Table 18 after “Basic and diluted earnings per share is computed by dividing Income from continuing operations, Income from discontinued operations and Net ”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | |
| 2021 | 2020 | | 2021 | 2020 | |
| Numerator (Millions of dollars) | | | | | | |
| Income from continuing operations | $840 | | $458 | | $1,819 | $1,029 |
| Income from discontinued operations | 1 | | — | | 2 | 2 |
| Net Income – Linde plc | $841 | | $458 | | $1,821 | $1,031 |
| Denominator (Thousands of shares) | | | | | | |
| Weighted average shares outstanding | 518,552 | | 525,238 | | 520,314 | 528,118 |
First 8 of 19 rows. The CSV has all of them.
Table 19 after “The components of net pension and postretirement benefits other than pensions (“OPEB”) costs for the quarter and six months ended June 30, 2”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | | | | |
| Pensions | OPEB | | Pensions | OPEB | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | | 2021 | 2020 | 2021 | | 2020 | 2021 | 2020 | | | |
| Amount recognized in Operating Profit | | | | | | | | | | | | | |
| Service cost | $38 | | $36 | | $1 | | $— | | $78 | | $73 | $1 | $1 |
| Amount recognized in Net pension and OPEB cost (benefit), excluding service cost | | | | | | | | | | | | | |
| Interest cost | 38 | | 50 | | — | | 2 | | 76 | | 102 | 1 | 3 |
| Expected return on plan assets | (131) | | (118) | | — | | — | | (262) | | (238) | — | — |
First 8 of 11 rows. The CSV has all of them.
Table 20 after “The table below presents sales and operating profit information about reportable segments and Other for the quarters and six months ended Ju”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | |
| (Millions of dollars) | 2021 | 2020 | | 2021 | 2020 | |
| SALES(a) | | | | | | |
| Americas | $3,020 | | $2,417 | | $5,860 | $5,094 |
| EMEA | 1,875 | | 1,448 | | 3,674 | 3,081 |
| APAC | 1,544 | | 1,295 | | 2,980 | 2,631 |
| Engineering | 646 | | 810 | | 1,320 | 1,418 |
| Other | 499 | | 407 | | 993 | 892 |
First 8 of 9 rows. The CSV has all of them.
Table 21 after “The table below presents sales and operating profit information about reportable segments and Other for the quarters and six months ended Ju”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | |
| (Millions of dollars) | 2021 | 2020 | | 2021 | 2020 | |
| SEGMENT OPERATING PROFIT | | | | | | |
| Americas | $871 | | $622 | | $1,666 | $1,283 |
| EMEA | 487 | | 303 | | 938 | 658 |
| APAC | 389 | | 294 | | 740 | 575 |
| Engineering | 108 | | 138 | | 217 | 229 |
| Other | (18) | | (40) | | (36) | (76) |
First 8 of 12 rows. The CSV has all of them.
Table 22 after “A summary of the changes in total equity for the quarter and six months ended June 30, 2021 and 2020 is provided below:”
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| Quarter Ended June 30, | | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | | | | | | | | |
| Activity | Linde plc Shareholders’ Equity | Noncontrolling Interests | | Total Equity | Linde plc Shareholders’ Equity | Noncontrolling Interests | | Total Equity | | |
| Balance, beginning of period | $46,210 | | $1,410 | | $47,620 | | $44,776 | | $2,375 | $47,151 |
| Net income (a) | 841 | | 36 | | 877 | | 458 | | 25 | 483 |
| Other comprehensive income (loss) | 437 | | 9 | | 446 | | 767 | | 18 | 785 |
| Noncontrolling interests: | | | | | | | | | | |
| Additions (reductions) | — | | 7 | | 7 | | — | | 13 | 13 |
First 8 of 15 rows. The CSV has all of them.
Table 23 after “A summary of the changes in total equity for the quarter and six months ended June 30, 2021 and 2020 is provided below:”
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| Six Months Ended June 30, | | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | | | | | | | | |
| Activity | Linde plc Shareholders’ Equity | Noncontrolling Interests | | Total Equity | Linde plc Shareholders’ Equity | Noncontrolling Interests (a) | | Total Equity | | |
| Balance, beginning of period | $47,317 | | $2,252 | | $49,569 | | $49,074 | | $2,448 | $51,522 |
| Net income (a) | 1,821 | | 74 | | 1,895 | | 1,031 | | 60 | 1,091 |
| Other comprehensive income (loss) | (218) | | 3 | | (215) | | (1,807) | | (88) | (1,895) |
| Noncontrolling interests: | | | | | | | | | | |
| Additions (reductions) (b) | — | | (846) | | (846) | | — | | 15 | 15 |
First 8 of 15 rows. The CSV has all of them.
Table 24 after “The components of AOCI are as follows:”
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| June 30, | December 31, | |
| (Millions of dollars) | 2021 | 2020 | |
| Cumulative translation adjustment - net of taxes: | | | |
| Americas | $(3,729) | | $(3,788) |
| EMEA | 912 | | 1,020 |
| APAC | 330 | | 616 |
| Engineering | 215 | | 354 |
| Other | (854) | | (1,020) |
First 8 of 12 rows. The CSV has all of them.
Table 25 after “The following tables show sales by distribution method at the consolidated level and for each reportable segment and Other for the quarter a”
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| (Millions of dollars) | Quarter Ended June 30, 2021 | | | | | | | | | |
| Sales | Americas | EMEA | APAC | Engineering | Other | Total% | | | | |
| Merchant | $821 | | $556 | | $551 | | $— | $43 | $1,971 | 26% |
| On-Site | 774 | | 396 | | 582 | | — | — | 1,752 | 23% |
| Packaged Gas | 1,369 | | 912 | | 392 | | — | 6 | 2,679 | 35% |
| Other | 56 | | 11 | | 19 | | 646 | 450 | 1,182 | 16% |
| Total | $3,020 | | $1,875 | | $1,544 | | $646 | $499 | $7,584 | 100% |
Table 26 after “The following tables show sales by distribution method at the consolidated level and for each reportable segment and Other for the quarter a”
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| (Millions of dollars) | Quarter Ended June 30, 2020 | | | | | | | | | |
| Sales | Americas | EMEA | APAC | Engineering | Other | Total% | | | | |
| Merchant | $634 | | $415 | | $459 | | $— | $29 | $1,537 | 24% |
| On-Site | 559 | | 304 | | 466 | | — | — | 1,329 | 21% |
| Packaged Gas | 1,210 | | 719 | | 362 | | — | 6 | 2,297 | 36% |
| Other | 14 | | 10 | | 8 | | 810 | 372 | 1,214 | 19% |
| Total | $2,417 | | $1,448 | | $1,295 | | $810 | $407 | $6,377 | 100% |
Table 27 after “The following tables show sales by distribution method at the consolidated level and for each reportable segment and Other for the quarter a”
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| (Millions of dollars) | Six Months Ended June 30, 2021 | | | | | | | | | |
| Sales | Americas | EMEA | APAC | Engineering | Other (a) | Total% | | | | |
| Merchant | $1,592 | | $1,087 | | $1,035 | | $— | $95 | $3,809 | 26% |
| On-Site | 1,463 | | 788 | | 1,134 | | — | — | 3,385 | 23% |
| Packaged Gas | 2,701 | | 1,772 | | 753 | | — | 12 | 5,238 | 35% |
| Other | 104 | | 27 | | 58 | | 1,320 | 886 | 2,395 | 16% |
| Total | $5,860 | | $3,674 | | $2,980 | | $1,320 | $993 | $14,827 | 100% |
| (Millions of dollars) | Six Months Ended June 30, 2020 | | | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 28 after “The following table provides summary information for the quarters and six months ended June 30, 2021 and 2020. The reported amounts are GAAP”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | | | |
| (Millions of dollars, except per share data) | 2021 | 2020 | | Variance | 2021 | 2020 | | Variance | | | | |
| Sales | $7,584 | | $6,377 | | 19% | | $14,827 | | | $13,116 | | 13% |
| Cost of sales, exclusive of depreciation and amortization | $4,194 | | $3,619 | | 16% | | $8,248 | | | $7,462 | | 11% |
| As a percent of sales | 55.3% | | 56.8% | | | 55.6% | | | 56.9% | | | |
| Selling, general and administrative | $822 | | $760 | | 8% | | $1,609 | | | $1,621 | | (1)% |
| As a percent of sales | 10.8% | | 11.9% | | | 10.9% | | | 12.4% | | | |
| Depreciation and amortization | $1,171 | | $1,124 | | 4% | | $2,337 | | | $2,266 | | 3% |
First 8 of 32 rows. The CSV has all of them.
Table 29 after “The changes in consolidated sales compared to the prior year are attributable to the following:”
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| Quarter Ended June 30, 2021 vs. 2020 | Six Months Ended June 30, 2021 vs. 2020 | |
| % Change | % Change | |
| Factors Contributing to Changes - Sales | | | |
| Volume | 15% | | 9% |
| Price/Mix | 3% | | 2% |
| Cost pass-through | 2% | | 2% |
| Currency | 6% | | 5% |
| Acquisitions/divestitures | (3)% | | (3)% |
First 8 of 10 rows. The CSV has all of them.
Table 30 after “The reported amounts are GAAP amounts from the Condensed Consolidated Statements of Income.”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | Variance | 2021 | 2020 | Variance | | | | |
| SALES | | | | | | | | | | |
| Americas | $3,020 | | $2,417 | | 25% | | $5,860 | | $5,094 | 15% |
| EMEA | 1,875 | | 1,448 | | 29% | | 3,674 | | 3,081 | 19% |
| APAC | 1,544 | | 1,295 | | 19% | | 2,980 | | 2,631 | 13% |
| Engineering | 646 | | 810 | | (20)% | | 1,320 | | 1,418 | (7)% |
| Other | 499 | | 407 | | 23% | | 993 | | 892 | 11% |
First 8 of 20 rows. The CSV has all of them.
| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | Variance | 2021 | | 2020 | | Variance | | | |
| Sales | $3,020 | | $2,417 | | 25% | | $5,860 | | | $5,094 | 15% |
| Operating profit | $871 | | $622 | | 40% | | $1,666 | | | $1,283 | 30% |
| As a percent of sales | 28.8% | | 25.7% | | | 28.4% | | | 25.2% | | |
| Quarter Ended June 30, 2021 vs. 2020 | Six Months Ended June 30, 2021 vs. 2020 | |
| % Change | % Change | |
| Sales | Sales | |
| Factors Contributing to Changes - Sales | | | |
| Volume | 18% | | 10% |
| Price/Mix | 3% | | 3% |
| Cost pass-through | 2% | | 2% |
| Currency | 2% | | —% |
First 8 of 10 rows. The CSV has all of them.
| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | Variance | 2021 | 2020 | Variance | | | | |
| Sales | $1,875 | | $1,448 | | 29% | | $3,674 | | $3,081 | 19% |
| Operating profit | $487 | | $303 | | 61% | | $938 | | $658 | 43% |
| As a percent of sales | 26.0% | | 20.9% | | | 25.5% | | 21.4% | | |
| Quarter Ended June 30, 2021 vs. 2020 | Six Months Ended June 30, 2021 vs. 2020 | |
| % Change | % Change | |
| Sales | Sales | |
| Factors Contributing to Changes - Sales | | | |
| Volume | 12% | | 6% |
| Price/Mix | 4% | | 3% |
| Cost pass-through | 4% | | 3% |
| Currency | 10% | | 9% |
First 8 of 10 rows. The CSV has all of them.
| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | Variance | 2021 | 2020 | Variance | | | | |
| Sales | $1,544 | | $1,295 | | 19% | | $2,980 | | $2,631 | 13% |
| Operating profit | $389 | | $294 | | 32% | | $740 | | $575 | 29% |
| As a percent of sales | 25.2% | | 22.7% | | | 24.8% | | 21.9% | | |
| Quarter Ended June 30, 2021 vs. 2020 | Six Months Ended June 30, 2021 vs. 2020 | |
| % Change | % Change | |
| Sales | Reported | |
| Factors Contributing to Changes - Sales | | | |
| Volume/Equipment | 19% | | 14% |
| Price/Mix | 2% | | 2% |
| Cost pass-through | 2% | | 2% |
| Currency | 8% | | 7% |
First 8 of 10 rows. The CSV has all of them.
| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | Variance | 2021 | 2020 | Variance | | | | |
| Sales | $646 | | $810 | | (20)% | | $1,320 | | $1,418 | (7)% |
| Operating profit | $108 | | $138 | | (22)% | | $217 | | $229 | (5)% |
| As a percent of sales | 16.7% | | 17.0% | | | 16.4% | | 16.1% | | |
| Quarter Ended June 30, 2021 vs. 2020 | Six Months Ended June 30, 2021 vs. 2020 | |
| % Change | % Change | |
| Sales | Sales | |
| Factors Contributing to Changes - Sales | | | |
| Volume | (29)% | | (15)% |
| Currency | 9% | | 8% |
| (20)% | | (7)% |
| Quarter Ended June 30, | Six Months Ended June 30, | | | | | | | | |
| (Millions of dollars) | 2021 | 2020 | Variance | 2021 | 2020 | Variance | | | | |
| Sales | $499 | | $407 | | 23% | | $993 | | $892 | 11% |
| Operating profit (loss) | $(18) | | $(40) | | 55% | | $(36) | | $(76) | 53% |
| As a percent of sales | (3.6)% | | (9.8)% | | | (3.6)% | | (8.5)% | | |
| Quarter Ended June 30, 2021 vs. 2020 | Six Months Ended June 30, 2021 vs. 2020 | |
| % Change | % Change | |
| Sales | Sales | |
| Factors Contributing to Changes - Sales | | | |
| Volume/price | 16% | | 5% |
| Cost pass-through | 1% | | 1% |
| Currency | 6% | | 5% |
| Acquisitions/divestitures | —% | | —% |
First 8 of 9 rows. The CSV has all of them.
Table 41 after “To help understand the reported results, the following is a summary of the significant currencies underlying Linde's consolidated results an”
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| Percentage of YTD 2021 Consolidated Sales | Exchange Rate for Income Statement | | Exchange Rate for Balance Sheet | | | |
| Year-To-Date Average | June 30, | | December 31, | | | |
| Currency | 2021 | 2020 | | 2021 | 2020 | | |
| Euro | 21% | | 0.83 | | 0.91 | 0.84 | 0.82 |
| Chinese yuan | 9% | | 6.47 | | 7.03 | 6.46 | 6.53 |
| British pound | 6% | | 0.72 | | 0.79 | 0.72 | 0.73 |
| Australian dollar | 4% | | 1.30 | | 1.52 | 1.33 | 1.30 |
| Brazilian real | 4% | | 5.38 | | 4.86 | 5.00 | 5.20 |
First 8 of 15 rows. The CSV has all of them.
Table 42 after “The following selected cash flow information provides a basis for the discussion that follows:”
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| (Millions of dollars) | Six months ended June 30, | | |
| 2021 | 2020 | |
| NET CASH PROVIDED BY (USED FOR): | | | |
| OPERATING ACTIVITIES | | | |
| Net income (including noncontrolling interests) | $1,893 | | $1,089 |
| Non-cash charges (credits): | | | |
| Add: Depreciation and amortization | 2,337 | | 2,266 |
| Add: Deferred income taxes | (78) | | (261) |
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Table 43 after “The following non-GAAP measures are intended to supplement investors’ understanding of the company’s financial information by providing meas”
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| Quarter Ended June 30, | Six Months Ended June 30, | | | | | |
| 2021 | | 2020 | 2021 | 2020 | | |
| Adjusted Operating Profit and Operating Margin | | | | | | | |
| Reported operating profit | $1,142 | | | $591 | | $2,355 | $1,324 |
| Add: Cost reduction programs and other charges | 204 | | | 249 | | 196 | 380 |
| Add: Purchase accounting impacts - Linde AG (c) | 491 | | | 477 | | 974 | 965 |
| Total adjustments | 695 | | | 726 | | 1,170 | 1,345 |
| Adjusted operating profit | $1,837 | | | $1,317 | | $3,525 | $2,669 |
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| Adjusted Income Taxes (a) | | | | | |
| Reported income taxes | $334 | $164 | | $602 | $329 |
| Add: Purchase accounting impacts - Linde AG (c) | 116 | 95 | | 234 | 217 |
| Add: Cost reduction programs and other charges | 6 | 62 | | 26 | 98 |
| Total adjustments | 122 | 157 | | 260 | 315 |
| Adjusted income taxes | $456 | $321 | | $862 | $644 |
| Adjusted Effective Tax Rate (a) | | | | | |
| Reported income before income taxes and equity investments | $1,173 | $618 | | $2,415 | $1,372 |
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| Adjusted EBITDA and % of Sales | | | | |
| Income from continuing operations | $840 | $458 | $1,819 | $1,029 |
| Add: Noncontrolling interests related to continuing operations | 36 | 25 | 74 | 60 |
| Add: Net pension and OPEB cost (benefit), excluding service cost | (49) | (45) | (98) | (90) |
| Add: Interest expense | 18 | 18 | 38 | 42 |
| Add: Income taxes | 334 | 164 | 602 | 329 |
| Add: Depreciation and amortization | 1,171 | 1,124 | 2,337 | 2,266 |
| EBITDA from continuing operations | $2,350 | $1,744 | $4,772 | $3,636 |
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Table 46 after “Net debt is a financial liquidity measure used by investors, financial analysts and management to evaluate the ability of a company to repay”
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| June 30, 2021 | December 31, 2020 | |
| (Millions of dollars) | | | |
| Debt | $15,492 | | $16,154 |
| Less: cash and cash equivalents | (3,137) | | (3,754) |
| Net debt | 12,355 | | 12,400 |
| Less: purchase accounting impacts - Linde AG | (84) | | (121) |
| Adjusted net debt | $12,271 | | $12,279 |
| (Millions of dollars) | | | |
| Statement of Income Data | Six Months Ended June 30, 2021 | Twelve Months Ended December 31, 2020 | |
| Sales | $3,560 | | $6,876 |
| Operating profit | 226 | | 786 |
| Net income | 59 | | 690 |
| Transactions with non-guarantor subsidiaries | 868 | | 2,222 |
| Balance Sheet Data (at period end) | | | |
| Current assets (a) | $5,375 | | $4,174 |
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Table 48 after “Purchases of Equity Securities- Certain information regarding purchases made by or on behalf of the company or any affiliated purchaser (as ”
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| Period | Total Numberof SharesPurchased(Thousands) | Average Price Paid Per Share | | Total Numbers of SharesPurchased as Part ofPublicly AnnouncedProgram (1) (Thousands) | Approximate DollarValue of Shares thatMay Yet be PurchasedUnder the Program (1)(Millions) | |
| April 2021 | 840 | | $286.64 | | 840 | $3,991 |
| May 2021 | 1,480 | | $297.71 | | 1,480 | $3,551 |
| June 2021 | 1,732 | | $292.03 | | 1,732 | $3,045 |
| Second Quarter 2021 | 4,052 | | $292.99 | | 4,052 | $3,045 |
| (a) | Exhibits | |
| *10.01 | 2021 Linde plc Long Term Incentive Plan |
| 31.01 | Rule 13a-14(a) Certification |
| 31.02 | Rule 13a-14(a) Certification |
| 32.01 | Section 1350 Certification (such certifications are furnished for the information of the Commission and shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act). |
| 32.02 | Section 1350 Certification (such certifications are furnished for the information of the Commission and shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act). |
| 101.INS | XBRL Instance Document: The XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH | XBRL Taxonomy Extension Schema |
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