Air Liquide Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,962	1,915	1,625	1,911	2,247
Trading Asset Securities	-1.2	0.3	-0.2	0.5	0.9
Cash & Short-Term Investments	3,961	1,916	1,625	1,912	2,248
Cash Growth	106.77%	17.90%	-15.02%	-14.93%	25.50%
Accounts Receivable	2,867	2,997	2,994	3,035	2,694
Other Receivables	32.8	96.7	42.9	196.3	106.5
Receivables	2,899	3,093	3,037	3,231	2,801
Inventory	2,128	2,190	2,028	1,961	1,585
Prepaid Expenses	164.9	183.2	165.9	156.2	134.2
Other Current Assets	1,216	965.6	862.8	936.3	823.2
Total Current Assets	10,370	8,347	7,718	8,197	7,591
Property, Plant & Equipment	24,910	25,539	23,652	23,647	22,532
Long-Term Investments	431.2	522.3	514.1	602.7	550.9
Goodwill	13,823	14,977	14,194	14,587	13,992
Other Intangible Assets	1,562	1,692	1,631	1,811	1,453
Long-Term Deferred Tax Assets	303.4	335	225.2	232.3	239.3
Other Long-Term Assets	477.8	415.3	353.1	366	391.5
Total Assets	51,913	51,868	48,332	49,518	46,783
Accounts Payable	2,518	2,799	2,807	3,325	2,935
Accrued Expenses	221.6	218.9	283.8	275.6	223
Short-Term Debt	284.1	612.9	221.3	150.5	107.7
Current Portion of Long-Term Debt	2,063	2,059	2,064	1,853	2,081
Current Portion of Leases	225.1	239.8	219.7	227.6	228
Current Income Taxes Payable	212.5	273.1	236.4	260.1	277.8
Current Unearned Revenue	-	-	-	151.3	143.9
Other Current Liabilities	3,312	3,282	3,014	2,652	2,448
Total Current Liabilities	8,837	9,484	8,846	8,896	8,445
Long-Term Debt	10,044	8,406	8,577	10,198	10,514
Long-Term Leases	1,034	1,134	1,046	1,052	1,033
Long-Term Unearned Revenue	422.5	334.2	187	105.5	89.7
Long-Term Deferred Tax Liabilities	2,373	2,527	2,329	2,465	2,127
Other Long-Term Liabilities	2,256	2,362	2,304	2,229	2,576
Total Liabilities	24,966	24,246	23,289	24,946	24,784
Common Stock	3,187	3,180	2,885	2,879	2,614
Additional Paid-In Capital	2,193	2,064	2,448	2,349	2,749
Retained Earnings	24,043	22,273	20,495	18,858	17,128
Treasury Stock	-179.6	-224.8	-152.7	-118.4	-118.3
Comprehensive Income & Other	-3,029	-432.2	-1,354	-231.2	-911.1
Total Common Equity	26,214	26,860	24,322	23,736	21,462
Minority Interest	733.3	761.3	721.6	835.6	536.5
Shareholders' Equity	26,947	27,621	25,043	24,572	21,999
Total Liabilities & Equity	51,913	51,868	48,332	49,518	46,783
Total Debt	13,651	12,451	12,129	13,481	13,964
Net Cash (Debt)	-9,690	-10,535	-10,504	-11,570	-11,717
Net Cash Per Share	-16.76	-18.22	-18.18	-20.07	-20.36
Filing Date Shares Outstanding	577.94	576.44	575.47	574.45	573.62
Total Common Shares Outstanding	577.94	576.44	575.47	574.45	573.62
Working Capital	1,533	-1,137	-1,128	-699.7	-853.9
Book Value Per Share	45.36	46.60	42.26	41.32	37.42
Tangible Book Value	10,828	10,191	8,496	7,338	6,017
Tangible Book Value Per Share	18.74	17.68	14.76	12.77	10.49
Land	443.8	487.1	463.3	474	474
Buildings	2,850	2,897	2,685	2,492	2,286
Machinery	44,941	46,082	42,672	42,138	40,108
Construction In Progress	4,335	4,032	3,798	3,396	3,178

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.