Linde (LIN) FY2022 results: revenue $33.4 billion, up 8.3% on the year
Linde plc (LIN) reported revenue of $33.4 billion for fiscal 2022, the year ended 31 December 2022, up 8.3% on the year before. Net income was $4.1 billion, up 8.4%, and diluted earnings per share $8.23. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$33.4 billion
+8.3% on the year
FY2016FY2022
Operating margin
16.1%
16.2% a year earlier
FY2016FY2022
Net income
$4.1 billion
+8.4% on the year
FY2016FY2022
Diluted EPS
$8.23
+12.3% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
8,864
9,725
7,429
-8.9%
Capital expenditure
3,173
3,086
3,400
+2.8%
Free cash flow
5,691
6,639
4,029
-14.3%
Free cash flow margin
17.1%
21.6%
14.8%
Cash from investing
-3,088
-3,007
-2,986
Cash from financing
-3,089
-7,588
-3,345
Depreciation and amortisation
4,204
4,635
4,626
-9.3%
Share-based compensation
107
128
133
-16.4%
Buybacks
5,168
4,612
2,457
+12.1%
Dividends paid
2,344
2,189
2,028
+7.1%
Dividend per share
$4.68
$4.24
$3.85
+10.4%
Diluted shares, weighted
504m
522m
531m
-3.4%
Shares outstanding at period end
n/a
509m
523m
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
40,028
44,035
47,317
-9.1%
Non-controlling interest
1,346
1,393
2,252
-3.4%
Redeemable equity
13.0
13.0
13.0
0.0%
Debt
17,914
14,207
16,154
+26.1%
Operating lease liabilities
540
618
669
-12.6%
Finance lease liabilities
114
129
125
-11.6%
Other liabilities
19,703
21,210
21,699
-7.1%
Total liabilities and equity
79,658
81,605
88,229
-2.4%
Fixed assets
23,548
26,003
28,711
-9.4%
Goodwill
25,817
27,038
28,201
-4.5%
Intangible assets
12,420
13,802
16,184
-10.0%
Cash and equivalents
5,436
2,823
3,754
+92.6%
Receivables
4,559
4,499
4,167
+1.3%
Inventory
1,978
1,733
1,729
+14.1%
Other assets
5,900
5,707
5,483
+3.4%
Total assets
79,658
81,605
88,229
-2.4%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.