PART I - FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) This section presents the unaudited condensed consolidated financial statements for Linde plc for the quarterly and six-month periods ended June 30, 2022, and 2021, including statements of income, comprehensive income, balance sheets, cash flows, and accompanying notes Quarterly Financial Performance | Indicator | Quarter Ended June 30, 2022 | Quarter Ended June 30, 2021 | | :--- | :--- | :--- | | **Sales** | $8,457 million | $7,584 million | | **Operating Profit** | $589 million | $1,142 million | | **Net Income – Linde plc** | $372 million | $841 million | | **Diluted EPS** | $0.74 | $1.60 | Six-Month Financial Performance | Indicator | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | | **Sales** | $16,668 million | $14,827 million | | **Operating Profit** | $2,069 million | $2,355 million | | **Net Income – Linde plc** | $1,546 million | $1,821 million | | **Diluted EPS** | $3.04 | $3.46 | Balance Sheet Summary | Balance Sheet Item | June 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | $11,272 million | $10,159 million | | **Total Assets** | $77,885 million | $81,605 million | | **Total Current Liabilities** | $15,295 million | $13,643 million | | **Total Liabilities** | $36,845 million | $36,164 million | | **Total Equity** | $41,027 million | $45,428 million | Cash Flow Summary | Cash Flow Item (Six Months Ended June 30) | 2022 | 2021 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $4,133 million | $3,936 million | | **Net cash used for investing activities** | ($1,507) million | ($1,460) million | | **Net cash used for financing activities** | ($1,759) million | ($3,115) million | | **Change in cash and cash equivalents** | $832 million | ($617) million | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed disclosures supporting the figures in the main financial statements, covering the Russia-Ukraine conflict's financial impact, debt structure, segment performance, revenue recognition, and legal contingencies - The company recorded significant charges related to the Russia-Ukraine conflict, primarily from the deconsolidation of its Russian gas and engineering business entities as of June 30, 2022[29](index=29&type=chunk)[31](index=31&type=chunk) Russia-Ukraine Conflict and Other Charges | Charge Type | Quarter Ended June 30, 2022 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | **Russia deconsolidation charges** | $787 million | $787 million | | **Other Russia related charges** | $114 million | $114 million | | **Merger-related and other charges** | $92 million | $88 million | | **Total Charges** | **$993 million** | **$989 million** | - Total debt increased to **$16.04 billion** at June 30, 2022, from **$14.21 billion** at year-end 2021, primarily due to a significant increase in short-term commercial paper borrowings[47](index=47&type=chunk) - The company estimates that future revenue from minimum purchase requirements in long-term contracts and plant sales is approximately **$51 billion**, with about half expected to be recognized in the next five years, excluding Russian projects impacted by sanctions[102](index=102&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes the company's Q2 and H1 2022 financial performance, covering consolidated results, segment performance, liquidity, and capital resources, highlighting price attainment, productivity, and the impact of the Russia-Ukraine conflict [Consolidated Results](index=28&type=section&id=Consolidated%20Results) Consolidated results for Q2 2022 show sales growth driven by pricing and cost pass-through, while reported operating profit was significantly impacted by charges related to Russian business deconsolidation Q2 2022 vs Q2 2021 Performance | Metric (Q2 2022 vs Q2 2021) | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | **Sales** | $8,457 M | $7,584 M | 12% | | **Reported Operating Profit** | $589 M | $1,142 M | (48)% | | **Adjusted Operating Profit** | $1,988 M | $1,837 M | 8% | | **Reported Diluted EPS** | $0.74 | $1.60 | (54)% | | **Adjusted Diluted EPS** | $3.10 | $2.70 | 15% | Sales Growth Drivers | Sales Growth Drivers | Q2 2022 vs 2021 | H1 2022 vs 2021 | | :--- | :--- | :--- | | **Volume** | 2% | 2% | | **Price/Mix** | 7% | 6% | | **Cost pass-through** | 7% | 7% | | **Currency** | (5)% | (4)% | | **Total** | **12%** | **12%** | - Reported operating profit was significantly impacted by **$993 million** in charges for the second quarter, primarily related to the deconsolidation and impairment of Russian subsidiaries due to the war in Ukraine and related sanctions[110](index=110&type=chunk)[121](index=121&type=chunk) [Segment Discussion](index=34&type=section&id=Segment%20Discussion) This section details the performance of Linde's operating segments, with Americas, EMEA, and APAC showing growth driven by pricing, while Engineering results were impacted by project timing and currency Segment Sales (Q2 2022) | Segment Sales (Q2 2022) | Sales | % Change vs Q2 2021 | | :--- | :--- | :--- | | **Americas** | $3,518 M | 16% | | **EMEA** | $2,144 M | 14% | | **APAC** | $1,651 M | 7% | | **Engineering** | $644 M | 0% | Segment Operating Profit (Q2 2022) | Segment Operating Profit (Q2 2022) | Operating Profit | % Change vs Q2 2021 | | :--- | :--- | :--- | | **Americas** | $910 M | 4% | | **EMEA** | $536 M | 10% | | **APAC** | $426 M | 10% | | **Engineering** | $105 M | (3)% | [Liquidity, Capital Resources and Other Financial Data](index=40&type=section&id=Liquidity,%20Capital%20Resources%20and%20Other%20Financial%20Data) The company's liquidity and capital resources remain strong, supported by increased operating cash flow, while significant funds were allocated to share repurchases and dividends Cash Flow Summary (Six Months Ended June 30, 2022) | Cash Flow Summary (Six Months Ended June 30, 2022) | Amount | | :--- | :--- | | **Net cash provided by operating activities** | $4,133 million | | **Capital expenditures** | ($1,475) million | | **Net cash used for investing activities** | ($1,507) million | | **Net purchases of ordinary shares** | ($3,307) million | | **Cash dividends paid** | ($1,177) million | | **Net cash used for financing activities** | ($1,759) million | - The company's sale of gas backlog for large projects under construction was approximately **$3.6 billion** as of June 30, 2022[169](index=169&type=chunk) - Linde's Board of Directors approved an additional **$10.0 billion** share repurchase program on February 28, 2022[172](index=172&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=45&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section refers the reader to the company's 2021 Annual Report on Form 10-K for a discussion of quantitative and qualitative disclosures about market risk, indicating no material changes during the quarter - The company directs investors to its 2021 Annual Report on Form 10-K for information regarding market risk, as there have been no material updates[200](index=200&type=chunk) [Item 4. Controls and Procedures](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the principal executive and financial officers, evaluated the company's disclosure controls and procedures and concluded they were effective as of the end of the quarter, with no material changes in internal control over financial reporting during the period - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures are effective[202](index=202&type=chunk) - No changes occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[202](index=202&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 9 of the condensed consolidated financial statements for a description of the company's current legal proceedings - For details on legal proceedings, the report refers to Note 9 in the financial statements, which discusses matters including Brazilian tax disputes and antitrust fines, and appraisal proceedings from former Linde AG shareholders[204](index=204&type=chunk)[74](index=74&type=chunk) [Item 1A. Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) The company states that there have been no material changes to the risk factors previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2021 - There have been no material changes to the risk factors disclosed in the company's 2021 Annual Report on Form 10-K[205](index=205&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchase activities during Q2 2022, including the number of shares bought back and the remaining authorization under the program - On February 28, 2022, the board approved a new **$10.0 billion** share repurchase program, which expires on July 31, 2024[209](index=209&type=chunk) Share Repurchase Activity (Q2 2022) | Period (2022) | Total Shares Purchased (Thousands) | Average Price Paid Per Share | Value of Shares Remaining for Purchase (Millions) | | :--- | :--- | :--- | :--- | | **April** | 1,535 | $316.40 | $8,257 | | **May** | 2,196 | $310.10 | $7,576 | | **June** | 1,323 | $305.97 | $7,171 | | **Q2 Total** | **5,054** | **$310.93** | **$7,171** | [Item 6. Exhibits](index=47&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include officer certifications as required by the Sarbanes-Oxley Act and Interactive Data Files (XBRL) - The exhibits filed with this report include Rule 13a-14(a) and Section 1350 certifications, along with XBRL instance and taxonomy documents[210](index=210&type=chunk)

WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to Commission file number 001-38730 LINDE PLC (Exact name of registrant as specified in its charter) | Ireland | 98-1448883 | | --- | --- | | (State or ...

Linde plc (NASDAQ:LIN) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Juan Pelaez - Head of IR Sanjiv Lamba - CEO Matthew White - CFO Conference Call Participants Mike Sison - Wells Fargo Kevin McCarthy - Vertical Research P.J. Juvekar - Citi Jeff Zekauskas - JPMorgan Nicola Tang - BNP Paribas Exane Peter Clark - Societe Generale John McNulty - BMO Capital Markets Operator Good day, and thank you for standing by. Welcome to the Linde Plc First Quarter 2022 Earnings Teleconf ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-K _______________________________________________ ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38730 LINDE PLC (Exact name of registrant ...

Linde plc (NASDAQ:LIN) Q4 2021 Earnings Conference Call February 10, 2022 10:00 AM ET Company Participants Juan Pelaez – Head of Investor Relations Sanjiv Lamba – Chief Operating Officer Matt White – Chief Financial Officer Conference Call Participants Steve Byrne – Bank of America P.J. Juvekar – Citi Nicola Tang – BNP Paribas Bob Koort – Goldman Sachs Duffy Fischer – Barclays Jeff Zekauskas – JPMorgan Peter Clark – Societe Generale Bhavesh Lodaya – BMO Capital Markets David Begleiter – Deutsche Bank Lauren ...

Linde plc Investor Teleconference Presentation Fourth Quarter 2021 February 10, 2022 Making our world more productive Forward-Looking Statement This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are ...

Linde plc Investor Teleconference Presentation Third Quarter 2021 October 28, 2021 Making our world more productive Forward-Looking Statement This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are ba ...

Linde PLC (NASDAQ:LIN) Q3 2021 Earnings Conference Call October 28, 2021 10:00 AM ET Company Participants Steve Angel – Chief Executive Officer Juan Pelaez – Head of Investor Relations Matt White – Chief Financial Officer Sanjiv Lamba – Chief Operating Officer Conference Call Participants Bob Koort – Goldman Sachs Duffy Fischer – Barclays Nicola Tang – Exane BNP Paribas Tony Jones – Redburn Peter Clark – Societe Generale David Begleiter – Deutsche Bank Jeff Zekauskas – JP Morgan Geoff Haire – UBS P.J. Juvek ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38730 LINDE PLC (Exact name of registrant as specified in its charter) Ireland (State or other jurisdiction of incorp ...

Linde plc Investor Teleconference Presentation Second Quarter 2021 July 30, 2021 Making our world more productive Forward-Looking Statement This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are base ...