Linde (LIN) FY2021 results: revenue $30.8 billion, up 13.0% on the year
Linde plc (LIN) reported revenue of $30.8 billion for fiscal 2021, the year ended 31 December 2021, up 13.0% on the year before. Net income was $3.8 billion, up 53.0%, and diluted earnings per share $7.33. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$30.8 billion
+13.0% on the year
FY2016FY2021
Operating margin
16.2%
12.2% a year earlier
FY2016FY2021
Net income
$3.8 billion
+53.0% on the year
FY2016FY2021
Diluted EPS
$7.33
+55.6% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
9,725
7,429
6,188
+30.9%
Capital expenditure
3,086
3,400
3,682
-9.2%
Free cash flow
6,639
4,029
2,506
+64.8%
Free cash flow margin
21.6%
14.8%
8.9%
Cash from investing
-3,007
-2,986
n/a
Cash from financing
-7,588
-3,345
n/a
Depreciation and amortisation
4,635
4,626
4,675
+0.2%
Share-based compensation
128
133
95.0
-3.8%
Buybacks
4,612
2,457
2,658
+87.7%
Dividends paid
2,189
2,028
1,891
+7.9%
Dividend per share
$4.24
$3.85
$3.50
+10.1%
Diluted shares, weighted
522m
531m
545m
-1.7%
Shares outstanding at period end
509m
523m
534m
-2.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
44,035
47,317
49,074
-6.9%
Non-controlling interest
1,393
2,252
2,448
-38.1%
Redeemable equity
13.0
13.0
113
0.0%
Debt
14,207
16,154
13,956
-12.1%
Operating lease liabilities
618
669
716
-7.6%
Finance lease liabilities
129
125
117
+3.2%
Other liabilities
21,210
21,699
20,188
-2.3%
Total liabilities and equity
81,605
88,229
86,612
-7.5%
Fixed assets
26,003
28,711
29,064
-9.4%
Goodwill
27,038
28,201
27,019
-4.1%
Intangible assets
13,802
16,184
16,137
-14.7%
Cash and equivalents
2,823
3,754
2,700
-24.8%
Receivables
4,499
4,167
4,322
+8.0%
Inventory
1,733
1,729
1,697
+0.2%
Other assets
5,707
5,483
5,673
+4.1%
Total assets
81,605
88,229
86,612
-7.5%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.