LIN FY 2006 Earnings Report — Linde plc Revenue & Financial Results | Market Cap Arena

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$8.3B	—	—	—	—
Op. Income	$1.5B	—	—	—	—
Gross Margin	32.0%	—	—	—	—
Net Margin	11.9%	—	—	—	—
EPS (Diluted)	$3.00	—	—	—	—
Free Cash Flow	$652M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.3B
Cost of Revenue	$5.7B
GROSS PROFIT	$2.7B
R&D Expenses	$87M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$15M
Operating Expenses	$1.2B
Cost & Expenses	$6.9B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$160M
Other Income/Expenses	-$98M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$355M
Net Income from Continuing Ops	$988M
Net Income from Discontinued Ops	$0
Other Adjustments	$31M
NET INCOME	$988M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$988M
D&A	$696M
EBIT	$1.5B
EBITDA	$2.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.3B
Cost of Revenue	$5.7B
GROSS PROFIT	$2.7B
R&D Expenses	$87M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$15M
Operating Expenses	$1.2B
Cost & Expenses	$6.9B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$160M
Other Income/Expenses	-$98M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$355M
Net Income from Continuing Ops	$988M
Net Income from Discontinued Ops	$0
Other Adjustments	$31M
NET INCOME	$988M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$988M
D&A	$696M
EBIT	$1.5B
EBITDA	$2.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$988M
Depreciation & Amortization	$696M
Stock-Based Compensation	$0
Deferred Income Tax	$90M
Other Non-Cash Items	$36M
Change in Working Capital	-$58M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$112M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$988M
Net Debt Issuance	-$378M
Common Stock Repurchased	-$487M
Common Dividends Paid	-$323M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$905M
FREE CASH FLOW	$652M
Net Change in Cash	-$137M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$381M
Other Current Assets	$137M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$6.7B
Goodwill	$1.6B
Intangible Assets	$71M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$665M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$11.1B
Account Payables	$682M
Short-Term Debt	$186M
Deferred Revenue	$485M
Other Current Liabilities	$364M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$3.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$598M
Other Non-Current Liabilities	$931M
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$6.3B
Common Stock	$4M
Additional Paid-In Capital	$2.7B
Retained Earnings	$4.7B
Treasury Stock	-$1.7B
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$222M
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$11.1B
Total Debt	$3.2B
Net Debt	$3.1B