LIN FY 2008 Earnings Report — Linde plc Revenue & Financial Results | Market Cap Arena

FY 2008 Earnings

Reported December 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$10.8B	—	$9.4B	—	14.8%
Op. Income	$2.0B	—	$1.8B	—	14.5%
Gross Margin	32.0%	—	32.7%	—	-0.7pp
Net Margin	11.2%	—	12.5%	—	-1.3pp
EPS (Diluted)	$3.80	—	$3.62	—	5.0%
Free Cash Flow	$427M	—	$582M	—	-26.6%

Revenue Flow

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$7.3B
GROSS PROFIT	$3.5B
R&D Expenses	$97M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$8.8B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$198M
Other Income/Expenses	-$321M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$465M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$45M
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$850M
EBIT	$1.9B
EBITDA	$2.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$7.3B
GROSS PROFIT	$3.5B
R&D Expenses	$97M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$8.8B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$198M
Other Income/Expenses	-$321M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$465M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$45M
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$850M
EBIT	$1.9B
EBITDA	$2.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$850M
Stock-Based Compensation	$0
Deferred Income Tax	-$23M
Other Non-Cash Items	$177M
Change in Working Capital	-$177M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.6B
Acquisitions (Net)	-$130M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$54M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$987M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$468M
Other Financing Activities	$40M
NET CASH FROM FINANCING	-$333M
FREE CASH FLOW	$427M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$445M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$7.9B
Goodwill	$1.9B
Intangible Assets	$121M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$801M
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$13.1B
Account Payables	$820M
Short-Term Debt	$1.3B
Deferred Revenue	$150M
Other Current Liabilities	$322M
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$3.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$5.8B
TOTAL LIABILITIES	$8.7B
Common Stock	$4M
Additional Paid-In Capital	$3.3B
Retained Earnings	$6.1B
Treasury Stock	-$3.6B
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$302M
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$13.1B
Total Debt	$5.0B
Net Debt	$5.0B