| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Operations | ||||||||
Net Income – Linde plc | ||||||||
2,341 | 2,285 | 4,752 | 4,478 | 4,436 | 4,381 | 0 | 0 | 0 |
Less: Income from discontinued operations, net of tax and noncontrolling interests | ||||||||
22 | 102 | 206 | 199 | 190 | 108 | 0 | 0 | 0 |
Add: Noncontrolling interests from continuing operations | ||||||||
94 | 89 | 29 | 45 | 35 | 15 | 0 | 0 | 0 |
Income from continuing operations (including noncontrolling interests) | ||||||||
2,413 | 2,272 | 4,575 | 4,324 | 4,281 | 4,288 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Cost reduction programs and other charges, net of payments | ||||||||
29 | 236 | 351 | 261 | 141 | -40 | 0 | 0 | 0 |
Amortization of merger-related inventory step-up | ||||||||
2 | 12 | 380 | 378 | 378 | 368 | 0 | 0 | 0 |
Depreciation and amortization | ||||||||
4,594 | 4,675 | 4,415 | 3,626 | 2,742 | 1,830 | 0 | 0 | 0 |
Deferred income taxes | ||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Share-based compensation | ||||||||
122 | 95 | 86 | 79 | 74 | 62 | 0 | 0 | 0 |
Working capital: | ||||||||
Accounts receivable | ||||||||
-27 | -80 | 33 | 165 | 98 | 124 | 0 | 0 | 0 |
Inventory | ||||||||
111 | 81 | 36 | 67 | 34 | 4 | 0 | 0 | 0 |
Prepaid and other current assets | ||||||||
85 | 72 | 25 | 58 | 17 | -43 | 0 | 0 | 0 |
Payables and accruals | ||||||||
-326 | -174 | -225 | 46 | 323 | 287 | 0 | 0 | 0 |
Contract assets and liabilities, net | ||||||||
347 | 87 | 0 | 0 | 0 | - | 0 | 0 | 0 |
Pension contributions | ||||||||
93 | 94 | 139 | 120 | 101 | 87 | 0 | 0 | 0 |
Long-term assets, liabilities and other | ||||||||
-168 | -93 | 247 | 314 | 268 | 53 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
6,398 | 6,119 | 5,250 | 4,249 | 4,034 | 3,654 | 0 | 0 | 0 |
Investing | ||||||||
Capital expenditures | ||||||||
3,642 | 3,682 | 3,494 | 2,915 | 2,401 | 1,883 | 0 | 0 | 0 |
Acquisitions, net of cash acquired | ||||||||
114 | 225 | 180 | 165 | 177 | 25 | 0 | 0 | 0 |
Divestitures and asset sales, net of cash divested | ||||||||
1,872 | 5,096 | 10,791 | 10,528 | 9,356 | 5,908 | 0 | 0 | 0 |
Net cash provided by (used for) investing activities | ||||||||
-1,884 | 1,189 | 8,480 | 8,811 | 8,141 | 5,363 | 0 | 0 | 0 |
Financing | ||||||||
Short-term debt borrowings (repayments) - net | ||||||||
3,906 | 224 | 99 | 184 | -613 | 208 | 0 | 0 | 0 |
Long-term debt borrowings | ||||||||
93 | 99 | 0 | 0 | 0 | - | - | - | - |
Long-term debt repayments | ||||||||
1,120 | 1,583 | 4,187 | 3,930 | 3,137 | 3,124 | 0 | 0 | 0 |
Issuances of ordinary shares | ||||||||
57 | 72 | 67 | 88 | 76 | 77 | 0 | 0 | 0 |
Purchases of ordinary shares | ||||||||
3,761 | 2,658 | 0 | 0 | 0 | - | - | - | - |
Cash dividends - Linde plc shareholders | ||||||||
1,925 | 1,891 | 1,876 | 1,643 | 1,406 | 1,166 | 0 | 0 | 0 |
Noncontrolling interest transactions and other | ||||||||
-3,277 | -3,260 | -3,626 | -3,602 | -406 | -402 | 0 | 0 | 0 |
Net cash provided by (used for) financing activities | ||||||||
-6,027 | -8,997 | -11,993 | -10,698 | -6,780 | -4,998 | 0 | 0 | 0 |
Discontinued Operations | ||||||||
Cash provided by operating activities | ||||||||
6 | 69 | 115 | 118 | 111 | 48 | 0 | 0 | 0 |
Cash used for investing activities | ||||||||
-2 | -60 | -82 | -82 | -81 | -23 | 0 | 0 | 0 |
Cash provided by financing activities | ||||||||
0 | 5 | 7 | 7 | 7 | 2 | 0 | 0 | 0 |
Net cash provided by discontinued operations | ||||||||
4 | 14 | 40 | 43 | 37 | 27 | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-264 | -77 | -107 | -45 | -39 | -60 | 0 | 0 | 0 |
Change in cash and cash equivalents | ||||||||
-1,773 | -1,752 | 1,670 | 2,360 | 5,393 | 3,986 | 0 | 0 | 0 |