| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operations | ||||||||
Net Income – Linde plc | ||||||||
573 | 511 | 735 | 522 | 517 | 2,978 | 461 | 480 | 462 |
Less: Income from discontinued operations, net of tax and noncontrolling interests | ||||||||
2 | 4 | 7 | 9 | 82 | 108 | 0 | 0 | 0 |
Add: Noncontrolling interests from continuing operations | ||||||||
35 | 27 | 3 | 29 | 30 | -33 | 19 | 19 | 10 |
Income from continuing operations (including noncontrolling interests) | ||||||||
606 | 534 | 731 | 542 | 465 | 2,837 | 480 | 499 | 472 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Cost reduction programs and other charges, net of payments | ||||||||
-40 | -120 | 70 | 119 | 167 | -5 | -20 | -1 | -14 |
Amortization of merger-related inventory step-up | ||||||||
0 | 0 | 2 | 0 | 10 | 368 | 0 | 0 | 0 |
Depreciation and amortization | ||||||||
1,142 | 1,162 | 1,095 | 1,195 | 1,223 | 902 | 306 | 311 | 311 |
Deferred income taxes | ||||||||
-107 | - | -15 | -96 | -14 | - | -16 | -1 | 11 |
Share-based compensation | ||||||||
43 | 31 | 26 | 22 | 16 | 22 | 19 | 17 | 4 |
Working capital: | ||||||||
Accounts receivable | ||||||||
109 | -110 | -158 | 132 | 56 | 3 | -26 | 65 | 82 |
Inventory | ||||||||
62 | 20 | -12 | 41 | 32 | -25 | 19 | 8 | 2 |
Prepaid and other current assets | ||||||||
92 | 7 | -11 | -3 | 79 | -40 | 22 | -44 | 19 |
Payables and accruals | ||||||||
-183 | 237 | -164 | -216 | -31 | 186 | 107 | 61 | -67 |
Contract assets and liabilities, net | ||||||||
176 | 122 | 68 | -19 | -84 | - | 0 | 0 | 0 |
Pension contributions | ||||||||
17 | 25 | 26 | 25 | 18 | 70 | 7 | 6 | 4 |
Long-term assets, liabilities and other | ||||||||
90 | -323 | -44 | 109 | 165 | 17 | 23 | 63 | -50 |
Net cash provided by operating activities | ||||||||
1,347 | 2,174 | 1,872 | 1,005 | 1,068 | 1,305 | 871 | 790 | 688 |
Investing | ||||||||
Capital expenditures | ||||||||
803 | 1,015 | 959 | 865 | 843 | 827 | 380 | 351 | 325 |
Acquisitions, net of cash acquired | ||||||||
41 | 64 | 21 | -12 | 152 | 19 | 6 | 0 | 0 |
Divestitures and asset sales, net of cash divested | ||||||||
231 | 136 | 271 | 1,234 | 3,455 | 5,831 | 8 | 62 | 7 |
Net cash provided by (used for) investing activities | ||||||||
-613 | -943 | -709 | 381 | 2,460 | 6,348 | -378 | -289 | -318 |
Financing | ||||||||
Short-term debt borrowings (repayments) - net | ||||||||
3,149 | 455 | -220 | 522 | -533 | 330 | -135 | -275 | 288 |
Long-term debt borrowings | ||||||||
16 | 44 | 10 | 23 | 22 | - | - | - | - |
Long-term debt repayments | ||||||||
53 | 15 | 257 | 795 | 516 | 2,619 | 0 | 2 | 503 |
Issuances of ordinary shares | ||||||||
13 | 12 | 5 | 27 | 28 | 7 | 26 | 15 | 29 |
Purchases of ordinary shares | ||||||||
1,828 | 724 | 684 | 525 | 725 | - | - | - | - |
Cash dividends - Linde plc shareholders | ||||||||
511 | 469 | 471 | 474 | 477 | 454 | 238 | 237 | 237 |
Noncontrolling interest transactions and other | ||||||||
-27 | -3 | -35 | -3,212 | -10 | -369 | -11 | -16 | -6 |
Net cash provided by (used for) financing activities | ||||||||
759 | -700 | -1,652 | -4,434 | -2,211 | -3,696 | -357 | -516 | -429 |
Discontinued Operations | ||||||||
Cash provided by operating activities | ||||||||
0 | 2 | -3 | 7 | 63 | 48 | 0 | 0 | 0 |
Cash used for investing activities | ||||||||
0 | -1 | 0 | -1 | -58 | -23 | 0 | 0 | 0 |
Cash provided by financing activities | ||||||||
0 | 0 | 0 | 0 | 5 | 2 | 0 | 0 | 0 |
Net cash provided by discontinued operations | ||||||||
0 | 1 | -3 | 6 | 10 | 27 | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-179 | 49 | -77 | -57 | 8 | 19 | -15 | -51 | -13 |
Change in cash and cash equivalents | ||||||||
1,314 | 581 | -569 | -3,099 | 1,335 | 4,003 | 121 | -66 | -72 |