Linde plc (LIN)
NASDAQ: LIN · Real-Time Price · USD
515.25
-5.98 (-1.15%)
At close: Nov 6, 2026, 4:00 PM EST
513.37
-1.88 (-0.36%)
After-hours: Nov 6, 2026, 7:57 PM EST
Linde Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 7,007 | 6,898 | 6,565 | 6,199 | 4,147 | 3,826 |
Depreciation & Amortization | 3,829 | 3,763 | 3,780 | 3,816 | 4,204 | 4,635 |
Asset Writedown & Restructuring Costs | 523 | 139 | 31 | -118 | 902 | - |
Stock-Based Compensation | 135 | 164 | 160 | 141 | 107 | 128 |
Other Operating Activities | -150 | -442 | -214 | -41 | -432 | -175 |
Change in Accounts Receivable | -797 | -194 | -569 | -254 | -113 | 754 |
Change in Inventory | -16 | 47 | 56 | -127 | -347 | -129 |
Change in Accounts Payable | 394 | -148 | -277 | -168 | 307 | 447 |
Change in Other Net Operating Assets | -393 | -37 | -281 | -285 | -45 | 109 |
Operating Cash Flow | 10,710 | 10,350 | 9,423 | 9,305 | 8,864 | 9,725 |
Operating Cash Flow Growth | 5.74% | 9.84% | 1.27% | 4.98% | -8.85% | 30.91% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -5,630 | -5,261 | -4,497 | -3,787 | -3,173 | -3,086 |
Cash Acquisitions | -430 | -412 | -317 | -953 | -110 | -88 |
Divestitures | 189 | 42 | 170 | 70 | 195 | 167 |
Other Investing Activities | 42 | -90 | - | - | - | - |
Investing Cash Flow | -5,829 | -5,721 | -4,644 | -4,670 | -3,088 | -3,007 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | 41 | - | 554 | 3,050 | - |
Long-Term Debt Issued | - | 5,148 | 4,844 | 2,188 | 3,210 | 2,283 |
Total Debt Issued | 3,887 | 5,189 | 4,844 | 2,742 | 6,260 | 2,283 |
Short-Term Debt Repaid | - | - | -372 | - | - | -1,329 |
Long-Term Debt Repaid | - | -2,278 | -1,305 | -1,682 | -1,785 | -1,468 |
Total Debt Repaid | -2,389 | -2,278 | -1,677 | -1,682 | -1,785 | -2,797 |
Net Debt Issued (Repaid) | 1,498 | 2,911 | 3,167 | 1,060 | 4,475 | -514 |
Issuance of Common Stock | 29 | 23 | 31 | 33 | 36 | 50 |
Repurchase of Common Stock | -4,022 | -4,601 | -4,482 | -3,958 | -5,168 | -4,612 |
Common Dividends Paid | -2,912 | -2,811 | -2,655 | -2,482 | -2,344 | -2,189 |
Other Financing Activities | -56 | -76 | -420 | -53 | -88 | -323 |
Financing Cash Flow | -5,463 | -4,554 | -4,359 | -5,400 | -3,089 | -7,588 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 20 | 131 | -234 | -7 | -74 | -61 |
Net Cash Flow | -562 | 206 | 186 | -772 | 2,613 | -931 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 5,080 | 5,089 | 4,926 | 5,518 | 5,691 | 6,639 |
Free Cash Flow Growth | 0.08% | 3.31% | -10.73% | -3.04% | -14.28% | 64.78% |
Free Cash Flow Margin | 14.02% | 14.97% | 14.92% | 16.80% | 17.06% | 21.56% |
Free Cash Flow Per Share | 10.91 | 10.78 | 10.22 | 11.21 | 11.29 | 12.72 |
Levered Free Cash Flow | 4,193 | 4,787 | 3,075 | 3,709 | 4,919 | 5,889 |
Unlevered Free Cash Flow | 4,605 | 5,077 | 3,380 | 3,967 | 5,053 | 5,995 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 Interest Paid | 548 | 548 | 443 | 451 | 170 | 233 |
Cash Income Tax Paid | 2,274 | 2,274 | 2,216 | 1,955 | 1,735 | 1,710 |
Change in Working Capital | -812 | -332 | -1,071 | -834 | -198 | 1,181 |