Linde plc (LIN) quarterly cash flow statement — complete operating, investing & financing history
Linde plc (LIN) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 2.27B | 2.24B | 3.03B | 2.95B | 2.21B | 2.16B | 2.81B | 2.73B | 1.93B | 1.95B | 2.73B | 2.52B | 2.15B | 1.91B | 2.1B | 2.64B | 2.13B | 2B | 3.23B | 2.56B |
| Operating CF Margin % | 24.45% | 25.51% | 34.57% | 34.22% | 26.03% | 26.64% | 33.92% | 32.68% | 23.33% | 24.12% | 32.85% | 30.9% | 26.21% | 23.29% | 26.52% | 29.96% | 25.22% | 24.36% | 38.96% | 33.33% |
| Operating CF Growth % | 2.71% | 3.66% | 7.87% | 7.95% | 14.62% | 10.59% | 3.01% | 8.37% | -10.28% | 2.41% | 30.17% | -4.4% | 0.8% | -4.6% | -35.2% | 3.13% | 16.75% | -5.17% | 32.83% | 35.67% |
| Net Income | 1.93B | 1.86B | 1.57B | 1.93B | 1.73B | 1.71B | 1.9B | 1.55B | 1.66B | 1.67B | 1.54B | 1.6B | 1.61B | 1.55B | 1.36B | 1.27B | 372M | 1.21B | 1.05B | 1.01B |
| Depreciation & Amortization | 963M | 951M | 950M | 961M | 942M | 910M | 913M | 960M | 958M | 949M | 949M | 959M | 960M | 948M | 956M | 1.04B | 1.09B | 1.11B | 1.14B | 1.16B |
| Stock-Based Compensation | 19M | 41M | 0 | 45M | 46M | 42M | 40M | 42M | 0 | 38M | 39M | 36M | 36M | 30M | 29M | 27M | 17M | 34M | 33M | 32M |
| Deferred Taxes | -20M | 8M | 140M | -445M | -22M | 9M | 166M | -124M | -149M | -35M | 88M | -35M | -126M | 4M | -182M | -191M | -162M | -143M | 12M | 15M |
| Other Non-Cash Items | -216M | -1M | 205M | -14M | -60M | 13M | -278M | -894M | 57M | -66M | 56M | -76M | -51M | -71M | -43M | 223M | 1.07B | -81M | -28M | -48M |
| Working Capital Changes | -403M | -616M | 162M | 472M | -427M | -520M | 71M | 1.2B | -600M | -597M | 52M | 35M | -281M | -555M | -26M | 259M | -258M | -132M | 1.03B | 385M |
| Change in Receivables | -290M | -361M | 257M | -70M | -79M | -230M | 38M | 224M | -61M | -361M | 83M | 6M | -44M | -131M | 149M | -29M | -203M | -340M | -14M | -151M |
| Change in Inventory | -41M | -48M | 84M | -1M | -45M | 9M | 24M | 55M | 4M | -27M | -2M | -40M | -26M | -59M | -47M | -156M | -109M | -35M | -52M | -35M |
| Change in Payables | 56M | 35M | -83M | 434M | 0 | 0 | 0 | 15M | -328M | 0 | 135M | 190M | -394M | 0 | 0 | 0 | 0 | 0 | 316M | 92M |
| Cash from Investing | -1.66B | -1.38B | -1.46B | -1.43B | -1.46B | -1.37B | -1.38B | -957M | -1.27B | -1.04B | -1.23B | -946M | -864M | -1.63B | -881M | -700M | -842M | -665M | -876M | -671M |
| Capital Expenditures | -1.44B | -1.34B | -1.46B | -1.28B | -1.26B | -1.27B | -1.25B | -1.07B | -1.13B | -1.05B | -1.15B | -948M | -859M | -829M | -936M | -762M | -826M | -649M | -839M | -741M |
| CapEx % of Revenue | 15.48% | 15.28% | 16.64% | 14.81% | 14.8% | 15.66% | 15.09% | 12.76% | 13.71% | 12.94% | 13.86% | 11.62% | 10.47% | 10.12% | 11.85% | 8.66% | 9.77% | 7.9% | 10.11% | 9.66% |
| Acquisitions | -232M | -153M | -19M | -123M | -158M | -112M | -142M | -45M | -137M | 7M | -75M | 2M | -5M | -805M | 55M | 62M | -16M | -16M | -37M | 70M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 124M | 111M | 16M | -35M | -42M | 13M | 16M | 154M | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 321M | -1.97B | -1.02B | -1.78B | -1.37B | -388M | -1.61B | -1.27B | -808M | -668M | -780M | -964M | -2.89B | -764M | 390M | -1.72B | -2B | 244M | -4.22B | -256M |
| Debt Issued (Net) | 1.98B | -336M | 994M | 78M | 346M | 1.49B | 539M | 93M | 1.32B | 1.22B | 833M | 869M | -1.36B | 717M | 1.68B | 35M | 214M | 2.55B | -2.32B | 1.49B |
| Equity Issued (Net) | -852M | -804M | -1.39B | -984M | -1.11B | -1.1B | -1.33B | -660M | -1.44B | -1.02B | -1.02B | -1.15B | -908M | -859M | -678M | -1.15B | -1.61B | -1.71B | -1.35B | -1.16B |
| Dividends Paid | -738M | -741M | -698M | -701M | -704M | -708M | -659M | -662M | -665M | -669M | -616M | -620M | -623M | -623M | -586M | -581M | -585M | -592M | -541M | -546M |
| Share Repurchases | -871M | -807M | -1.39B | -989M | -1.11B | -1.11B | -1.33B | -667M | -1.44B | -1.04B | -1.03B | -1.16B | -908M | -859M | -690M | -1.15B | -1.61B | -1.72B | -1.36B | -1.17B |
| Other Financing | -70M | -87M | 73M | -175M | 99M | -73M | -159M | -44M | -28M | -189M | 28M | -59M | -2M | 1M | -26M | -27M | -22M | -1M | -4M | -42M |
| Net Change in Cash | 939M | -1.1B | 547M | -277M | -508M | 444M | -337M | 561M | -222M | 184M | 770M | 537M | -1.6B | -474M | 1.68B | 101M | -809M | 1.64B | -1.88B | 1.56B |
| Free Cash Flow | 833M | 898M | 1.57B | 1.67B | 954M | 891M | 1.56B | 1.67B | 796M | 906M | 1.58B | 1.57B | 1.29B | 1.08B | 1.16B | 1.87B | 1.31B | 1.35B | 2.39B | 1.81B |
| FCF Margin % | 8.97% | 10.23% | 17.94% | 19.41% | 11.23% | 10.98% | 18.82% | 19.93% | 9.63% | 11.19% | 18.98% | 19.28% | 15.74% | 13.17% | 14.67% | 21.3% | 15.45% | 16.45% | 28.85% | 23.67% |
| FCF Growth % | -12.68% | 0.79% | 0.83% | 0.42% | 19.85% | -1.66% | -1.08% | 5.92% | -38.34% | -16.03% | 35.98% | -16.12% | -1.22% | -20.13% | -51.59% | 3.25% | 20.68% | 0.3% | 70.15% | 65.45% |
| FCF per Share | 1.79 | 1.93 | 3.35 | 3.55 | 2.01 | 1.87 | 3.26 | 3.46 | 1.65 | 1.87 | 3.23 | 3.20 | 2.62 | 2.18 | 2.33 | 3.74 | 2.59 | 2.64 | 4.64 | 3.49 |
| FCF Conversion (FCF/Net Income) | 1.18x | 1.21x | 1.93x | 1.53x | 1.25x | 1.29x | 1.63x | 1.76x | 1.16x | 1.20x | 1.77x | 1.61x | 1.37x | 1.26x | 1.58x | 2.07x | 5.73x | 1.70x | 3.15x | 2.61x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |