| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Dec'09 | Sep'09 | Jun'09 | Mar'09 | Dec'08 | Sep'08 | Jun'08 | Mar'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||
Net income - Praxair, Inc. | ||||||||||||||||||||||||||||||||||||||||||
461,000 | 480,000 | 462,000 | 33,000 | 419,000 | 406,000 | 389,000 | 406,000 | 339,000 | 399,000 | 356,000 | 422,000 | 401,000 | 308,000 | 416,000 | 302,000 | 477,000 | 467,000 | 448,000 | 474,000 | 445,000 | 445,000 | 391,000 | 414,000 | 430,000 | 429,000 | 419,000 | 420,000 | 429,000 | 425,000 | 398,000 | 133,000 | 377,000 | 371,000 | 314,000 | 340,000 | 325,000 | 299,000 | 290,000 | 200,000 | 355,000 | 349,000 | 307,000 |
Income (Loss) Attributable to Noncontrolling Interest, before Tax | ||||||||||||||||||||||||||||||||||||||||||
-19,000 | -19,000 | -10,000 | - | - | - | -15,000 | -13,000 | -5,000 | -10,000 | -10,000 | -9,000 | -12,000 | -11,000 | -12,000 | -93,000 | 13,000 | 14,000 | 14,000 | -129,000 | 17,000 | 16,000 | 15,000 | -90,000 | 10,000 | 15,000 | 13,000 | 11,000 | 14,000 | 14,000 | 11,000 | 9,000 | 11,000 | 10,000 | 9,000 | 12,000 | 11,000 | 12,000 | 8,000 | - | - | - | - |
Net income (including noncontrolling interests) | ||||||||||||||||||||||||||||||||||||||||||
480,000 | 499,000 | 472,000 | 49,000 | 435,000 | 420,000 | 404,000 | 419,000 | 344,000 | 409,000 | 366,000 | 431,000 | 413,000 | 319,000 | 428,000 | 313,000 | 490,000 | 481,000 | 462,000 | 507,000 | 462,000 | 461,000 | 406,000 | 428,000 | 440,000 | 444,000 | 432,000 | 431,000 | 443,000 | 439,000 | 409,000 | 142,000 | 388,000 | 381,000 | 323,000 | 352,000 | 336,000 | 311,000 | 298,000 | - | - | - | - |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||
Transaction costs and other charges, net of payments | ||||||||||||||||||||||||||||||||||||||||||
-20,000 | -1,000 | -14,000 | 1,000 | -10,000 | -11,000 | -6,000 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -23,000 | 9,000 | -52,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||
306,000 | 311,000 | 311,000 | 307,000 | 298,000 | 292,000 | 287,000 | 285,000 | 284,000 | 281,000 | 272,000 | 275,000 | 276,000 | 278,000 | 277,000 | 291,000 | 301,000 | 293,000 | 285,000 | 287,000 | 281,000 | 275,000 | 266,000 | 254,000 | 248,000 | 247,000 | 252,000 | 249,000 | 256,000 | 254,000 | 244,000 | 240,000 | 227,000 | 230,000 | 228,000 | 223,000 | 217,000 | 207,000 | 199,000 | 206,000 | 218,000 | 216,000 | 210,000 |
Venezuela currency devaluation, net of payments | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,000 | -1,000 | 25,000 | - | 298,000 | -10,000 | -18,000 | - | - | - | - |
2008 Cost reduction program, payments | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
Deferred income taxes | ||||||||||||||||||||||||||||||||||||||||||
-16,000 | -1,000 | 11,000 | 114,000 | -26,000 | 26,000 | 22,000 | 17,000 | -34,000 | -5,000 | 9,000 | 74,000 | 42,000 | -31,000 | 14,000 | 87,000 | -49,000 | -6,000 | 23,000 | 13,000 | -11,000 | 98,000 | 1,000 | 56,000 | 119,000 | 14,000 | 69,000 | -36,000 | -49,000 | 48,000 | 34,000 | 22,000 | 11,000 | 54,000 | 46,000 | 30,000 | -280,000 | -7,000 | 36,000 | -50,000 | 16,000 | -1,000 | 12,000 |
Share-based compensation | ||||||||||||||||||||||||||||||||||||||||||
19,000 | 17,000 | 4,000 | 15,000 | 16,000 | 16,000 | 12,000 | 3,000 | 14,000 | 14,000 | 8,000 | 5,000 | 8,000 | 10,000 | 7,000 | 9,000 | 14,000 | 13,000 | 15,000 | 18,000 | 18,000 | 17,000 | 17,000 | 18,000 | 17,000 | 18,000 | 17,000 | 16,000 | 16,000 | 16,000 | 14,000 | 12,000 | 12,000 | 13,000 | 10,000 | 9,000 | 11,000 | 10,000 | 9,000 | 11,000 | 12,000 | 11,000 | 11,000 |
Accounts receivable | ||||||||||||||||||||||||||||||||||||||||||
-26,000 | 65,000 | 82,000 | 9,000 | -12,000 | 46,000 | 49,000 | -11,000 | -17,000 | 41,000 | 20,000 | -58,000 | 13,000 | -6,000 | 50,000 | -64,000 | -25,000 | 33,000 | 136,000 | -55,000 | -25,000 | 3,000 | 161,000 | -71,000 | 60,000 | -96,000 | 143,000 | -94,000 | -65,000 | 89,000 | 178,000 | -25,000 | 91,000 | -36,000 | 84,000 | -49,000 | 57,000 | 47,000 | -94,000 | -228,000 | -160,000 | 85,000 | 184,000 |
Inventory | ||||||||||||||||||||||||||||||||||||||||||
19,000 | 8,000 | 2,000 | 11,000 | 6,000 | 3,000 | 2,000 | 24,000 | -19,000 | 1,000 | 7,000 | 9,000 | -1,000 | 9,000 | 6,000 | -10,000 | 19,000 | 17,000 | 16,000 | -9,000 | 36,000 | 11,000 | 16,000 | -12,000 | 16,000 | -17,000 | 31,000 | -12,000 | -7,000 | 33,000 | 17,000 | -1,000 | 30,000 | -5,000 | 2,000 | -21,000 | -18,000 | 1,000 | -20,000 | -43,000 | -11,000 | 24,000 | 9,000 |
Prepaid and other current assets | ||||||||||||||||||||||||||||||||||||||||||
22,000 | -44,000 | 19,000 | 2,000 | 24,000 | 27,000 | 13,000 | -38,000 | 34,000 | -1,000 | -1,000 | -15,000 | 6,000 | 33,000 | -2,000 | 38,000 | 18,000 | -16,000 | -20,000 | 15,000 | -110,000 | 158,000 | 6,000 | -89,000 | 109,000 | 1,000 | -4,000 | -13,000 | -27,000 | 28,000 | 4,000 | -9,000 | -2,000 | 13,000 | 5,000 | -3,000 | -6,000 | -3,000 | -11,000 | -32,000 | 11,000 | -8,000 | 33,000 |
Payables and accruals | ||||||||||||||||||||||||||||||||||||||||||
107,000 | 61,000 | -67,000 | 11,000 | 35,000 | 18,000 | -42,000 | 86,000 | 69,000 | 14,000 | -77,000 | -20,000 | 43,000 | 3,000 | -66,000 | 16,000 | 29,000 | 84,000 | -116,000 | 89,000 | 24,000 | -6,000 | 0 | 41,000 | 43,000 | -23,000 | -95,000 | 92,000 | 105,000 | -10,000 | -143,000 | - | - | - | - | 18,000 | 50,000 | 13,000 | -259,000 | -109,000 | -59,000 | 37,000 | 58,000 |
Pension contributions | ||||||||||||||||||||||||||||||||||||||||||
7,000 | 6,000 | 4,000 | 5,000 | 8,000 | 3,000 | 3,000 | 3,000 | 2,000 | 4,000 | 2,000 | 2,000 | 1,000 | 1,000 | 11,000 | 4,000 | 1,000 | 4,000 | 9,000 | 4,000 | 5,000 | 38,000 | 5,000 | 72,000 | 3,000 | 3,000 | 106,000 | 7,000 | 2,000 | 77,000 | 8,000 | 7,000 | 3,000 | 106,000 | 8,000 | 5,000 | 114,000 | 1,000 | 8,000 | 6,000 | 1,000 | 2,000 | 11,000 |
Long-term assets, liabilities and other | ||||||||||||||||||||||||||||||||||||||||||
23,000 | 63,000 | -50,000 | 69,000 | -52,000 | 3,000 | -88,000 | 53,000 | -18,000 | -38,000 | -3,000 | -61,000 | 91,000 | -43,000 | 87,000 | -21,000 | 59,000 | -20,000 | -8,000 | -93,000 | -36,000 | 58,000 | 53,000 | -118,000 | -15,000 | 84,000 | -3,000 | -3,000 | 136,000 | -53,000 | -8,000 | 67,000 | 8,000 | 35,000 | 50,000 | -57,000 | -62,000 | -85,000 | 33,000 | 11,000 | 99,000 | 148,000 | -18,000 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | ||||||||||||||||||||||||||||||||||||||||||
871,000 | 790,000 | 688,000 | 836,000 | 794,000 | 701,000 | 710,000 | 726,000 | 788,000 | 706,000 | 553,000 | 791,000 | 676,000 | 720,000 | 508,000 | 791,000 | 713,000 | 847,000 | 536,000 | 964,000 | 904,000 | 577,000 | 472,000 | 879,000 | 746,000 | 725,000 | 402,000 | 791,000 | 732,000 | 573,000 | 359,000 | 290,000 | 596,000 | 536,000 | 483,000 | 709,000 | 547,000 | 563,000 | 349,000 | 640,000 | 630,000 | 389,000 | 379,000 |
INVESTING | ||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | ||||||||||||||||||||||||||||||||||||||||||
380,000 | 351,000 | 325,000 | 339,000 | 320,000 | 325,000 | 327,000 | 409,000 | 376,000 | 357,000 | 323,000 | 387,000 | 405,000 | 352,000 | 397,000 | 482,000 | 430,000 | 384,000 | 393,000 | 516,000 | 516,000 | 522,000 | 466,000 | 586,000 | 547,000 | 564,000 | 483,000 | 572,000 | 458,000 | 433,000 | 334,000 | 451,000 | 324,000 | 325,000 | 288,000 | 355,000 | 334,000 | 370,000 | 293,000 | 482,000 | 405,000 | 380,000 | 344,000 |
Acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||
6,000 | 0 | 0 | 15,000 | 16,000 | 1,000 | 1,000 | 18,000 | 20,000 | 262,000 | 63,000 | 39,000 | 0 | 38,000 | 5,000 | 15,000 | 21,000 | 46,000 | 124,000 | 12,000 | 42,000 | 171,000 | 1,098,000 | 171,000 | 58,000 | 39,000 | 12,000 | 195,000 | 19,000 | 80,000 | 0 | 14,000 | 114,000 | 16,000 | 4,000 | 3,000 | 117,000 | 9,000 | 2,000 | 25,000 | 35,000 | 30,000 | 40,000 |
Divestitures and Asset Sales | ||||||||||||||||||||||||||||||||||||||||||
8,000 | 62,000 | 7,000 | 8,000 | 5,000 | 13,000 | 4,000 | 17,000 | 33,000 | 6,000 | 2,000 | 75,000 | 5,000 | 238,000 | 2,000 | 6,000 | 15,000 | 5,000 | 66,000 | 41,000 | 27,000 | 7,000 | 31,000 | 5,000 | 6,000 | 7,000 | 64,000 | 46,000 | 3,000 | 7,000 | 30,000 | 8,000 | 23,000 | 13,000 | 8,000 | 11,000 | 7,000 | 8,000 | 5,000 | 6,000 | 2,000 | 30,000 | 16,000 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | ||||||||||||||||||||||||||||||||||||||||||
-378,000 | -289,000 | -318,000 | -346,000 | -331,000 | -313,000 | -324,000 | -410,000 | -363,000 | -613,000 | -384,000 | -351,000 | -400,000 | -152,000 | -400,000 | -491,000 | -436,000 | -425,000 | -451,000 | -487,000 | -531,000 | -686,000 | -1,533,000 | -752,000 | -599,000 | -596,000 | -431,000 | -721,000 | -474,000 | -506,000 | -304,000 | -457,000 | -415,000 | -328,000 | -284,000 | -347,000 | -444,000 | -371,000 | -290,000 | -501,000 | -438,000 | -380,000 | -368,000 |
FINANCING | ||||||||||||||||||||||||||||||||||||||||||
Short-term debt borrowings (repayments) - net | ||||||||||||||||||||||||||||||||||||||||||
-135,000 | -275,000 | 288,000 | 154,000 | -196,000 | -133,000 | -24,000 | -168,000 | -149,000 | 585,000 | -77,000 | -203,000 | -73,000 | -91,000 | 38,000 | -32,000 | 25,000 | -106,000 | -80,000 | -355,000 | -98,000 | 662,000 | -60,000 | 50,000 | 461,000 | -130,000 | -88,000 | -148,000 | 75,000 | 72,000 | -46,000 | 147,000 | 21,000 | 73,000 | -126,000 | -19,000 | -164,000 | -276,000 | 4,000 | -570,000 | 417,000 | -68,000 | 176,000 |
Long-term debt borrowings | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | 0 | 1,000 | 3,000 | 7,000 | 11,000 | 17,000 | 10,000 | 898,000 | 1,000 | 740,000 | 3,000 | 753,000 | 679,000 | 9,000 | 11,000 | 847,000 | 554,000 | 17,000 | 685,000 | 1,403,000 | 620,000 | 16,000 | 804,000 | 596,000 | 342,000 | 500,000 | 193,000 | 506,000 | 379,000 | 318,000 | 347,000 | 846,000 | 400,000 | 1,013,000 | 520,000 | 313,000 | 751,000 | 54,000 | 405,000 | 513,000 |
Long-term debt repayments | ||||||||||||||||||||||||||||||||||||||||||
0 | 2,000 | 503,000 | 423,000 | 2,000 | 2,000 | 156,000 | 42,000 | 2,000 | 0 | 726,000 | 1,000 | 497,000 | 1,000 | 501,000 | 452,000 | 4,000 | 5,000 | 303,000 | 408,000 | 4,000 | 908,000 | 27,000 | 446,000 | 346,000 | 500,000 | 230,000 | 5,000 | 371,000 | 7,000 | 197,000 | 17,000 | 331,000 | 803,000 | 364,000 | 578,000 | 771,000 | 258,000 | 246,000 | 14,000 | 7,000 | 310,000 | 360,000 |
Issuances of common stock | ||||||||||||||||||||||||||||||||||||||||||
26,000 | 15,000 | 29,000 | 30,000 | 20,000 | 44,000 | 26,000 | 30,000 | 49,000 | 26,000 | 34,000 | 14,000 | 13,000 | 17,000 | 44,000 | 18,000 | 16,000 | 20,000 | 49,000 | 46,000 | 32,000 | 43,000 | 33,000 | 38,000 | 19,000 | 34,000 | 73,000 | 31,000 | 22,000 | 65,000 | 77,000 | 49,000 | 79,000 | 33,000 | 22,000 | 27,000 | 31,000 | 21,000 | 16,000 | 9,000 | 22,000 | 88,000 | 66,000 |
Purchases of common stock | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | 1,000 | 0 | 0 | 11,000 | 95,000 | 50,000 | 51,000 | 32,000 | 21,000 | 235,000 | 234,000 | 235,000 | 300,000 | 116,000 | 160,000 | 286,000 | 132,000 | 113,000 | 195,000 | 150,000 | 185,000 | 125,000 | 138,000 | 175,000 | 179,000 | 273,000 | 270,000 | 215,000 | 314,000 | 133,000 | 50,000 | 90,000 | 91,000 | 60,000 | 85,000 | 0 | 186,000 | 559,000 | 39,000 | 293,000 |
Cash dividends - Praxair, Inc. shareholders | ||||||||||||||||||||||||||||||||||||||||||
238,000 | 237,000 | 237,000 | 226,000 | 225,000 | 225,000 | 225,000 | 214,000 | 214,000 | 214,000 | 214,000 | 204,000 | 203,000 | 205,000 | 207,000 | 189,000 | 189,000 | 190,000 | 191,000 | 177,000 | 176,000 | 177,000 | 178,000 | 163,000 | 164,000 | 164,000 | 164,000 | 149,000 | 150,000 | 151,000 | 152,000 | 137,000 | 139,000 | 137,000 | 138,000 | 123,000 | 122,000 | 123,000 | 123,000 | 115,000 | 117,000 | 119,000 | 117,000 |
Excess tax benefit on stock based compensation | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,000 | 1,000 | 3,000 | 14,000 | 3,000 | 4,000 | 4,000 | 20,000 | 15,000 | 7,000 | 10,000 | 14,000 | 10,000 | 6,000 | 12,000 | 32,000 | 6,000 | 6,000 | 23,000 | 18,000 | 13,000 | 25,000 | 8,000 | 5,000 | 9,000 | 8,000 | 3,000 | 3,000 | 2,000 | 8,000 | 39,000 | 5,000 |
Noncontrolling interest transactions and other | ||||||||||||||||||||||||||||||||||||||||||
-11,000 | -16,000 | -6,000 | -7,000 | -1,000 | -71,000 | -13,000 | 67,000 | -13,000 | -107,000 | -2,000 | 3,000 | -6,000 | -32,000 | -6,000 | -6,000 | -12,000 | 29,000 | -140,000 | -11,000 | -7,000 | -12,000 | -5,000 | -1,000 | -14,000 | -41,000 | 0 | 1,000 | -3,000 | 0 | -1,000 | 12,000 | -6,000 | -6,000 | -5,000 | -8,000 | -10,000 | -19,000 | -3,000 | -5,000 | -9,000 | -1,000 | 1,000 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | ||||||||||||||||||||||||||||||||||||||||||
-357,000 | -516,000 | -429,000 | -473,000 | -403,000 | -384,000 | -396,000 | -411,000 | -362,000 | 249,000 | -119,000 | -410,000 | -260,000 | -540,000 | -100,000 | -279,000 | -267,000 | -397,000 | -84,000 | -468,000 | -342,000 | 108,000 | 1,030,000 | -77,000 | -147,000 | -123,000 | 44,000 | -101,000 | -194,000 | -75,000 | -10,000 | 132,000 | -166,000 | -535,000 | 150,000 | -383,000 | -75,000 | -217,000 | -36,000 | -128,000 | -191,000 | -5,000 | -9,000 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||
-15,000 | -51,000 | -13,000 | -7,000 | 12,000 | 12,000 | 5,000 | -8,000 | -3,000 | 4,000 | 24,000 | -19,000 | -16,000 | -9,000 | -17,000 | -63,000 | -15,000 | 4,000 | 5,000 | -5,000 | 1,000 | -10,000 | -13,000 | -1,000 | 4,000 | -9,000 | 2,000 | -4,000 | -19,000 | 2,000 | 2,000 | 3,000 | 8,000 | -1,000 | -18,000 | 1,000 | 4,000 | 4,000 | -1,000 | -3,000 | -4,000 | 2,000 | 2,000 |
Change in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||
121,000 | -66,000 | -72,000 | 10,000 | 72,000 | 16,000 | -5,000 | -103,000 | 60,000 | 346,000 | 74,000 | 11,000 | 0 | 19,000 | -9,000 | -42,000 | -5,000 | 29,000 | 6,000 | 4,000 | 32,000 | -11,000 | -44,000 | 49,000 | 4,000 | -3,000 | 17,000 | -35,000 | 45,000 | -6,000 | 47,000 | -32,000 | 23,000 | -328,000 | 331,000 | -20,000 | 32,000 | -21,000 | 22,000 | 8,000 | -3,000 | 6,000 | 4,000 |