LIN FY 2007 Earnings Report — Linde plc Revenue & Financial Results | Market Cap Arena

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$9.4B	—	$8.3B	—	13.0%
Op. Income	$1.8B	—	$1.5B	—	21.1%
Gross Margin	32.7%	—	32.0%	—	0.7pp
Net Margin	12.5%	—	11.9%	—	0.6pp
EPS (Diluted)	$3.62	—	$3.00	—	20.7%
Free Cash Flow	$582M	—	$652M	—	-10.7%

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.3B
GROSS PROFIT	$3.1B
R&D Expenses	$98M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$7.6B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$173M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$419M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$43M
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$774M
EBIT	$1.8B
EBITDA	$2.6B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.3B
GROSS PROFIT	$3.1B
R&D Expenses	$98M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$7.6B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$173M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$419M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$43M
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$774M
EBIT	$1.8B
EBITDA	$2.6B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$774M
Stock-Based Compensation	$0
Deferred Income Tax	$37M
Other Non-Cash Items	$24M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.4B
Acquisitions (Net)	-$437M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$795M
Common Stock Repurchased	-$959M
Common Dividends Paid	-$381M
Other Financing Activities	$52M
NET CASH FROM FINANCING	-$170M
FREE CASH FLOW	$582M
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$474M
Other Current Assets	$140M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$8.0B
Goodwill	$2.0B
Intangible Assets	$134M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$910M
TOTAL NON-CURRENT ASSETS	$11.0B
TOTAL ASSETS	$13.4B
Account Payables	$818M
Short-Term Debt	$828M
Deferred Revenue	$547M
Other Current Liabilities	$417M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$5.3B
TOTAL LIABILITIES	$7.9B
Common Stock	$4M
Additional Paid-In Capital	$3.1B
Retained Earnings	$5.3B
Treasury Stock	-$2.6B
Accum. Other Comp. Income	-$672M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$321M
TOTAL EQUITY	$5.5B
TOTAL LIABILITIES & EQUITY	$13.4B
Total Debt	$4.2B
Net Debt	$4.2B