Fourth Quarter 2023 Earnings Report
Non-GAAP Measures, continued
Linde
LINDE PLC AND SUBSIDIARIES
APPENDIX
NON-GAAP MEASURES AND RECONCILIATIONS
(UNAUDITED)
The following Non-GAAP measures are intended to supplement investors' understanding of the company's financial information by providing measures which investors, financial analysts and management use to help evaluate the company's operating
performance and liquidity. Items which the company does not believe to be indicative of on-going business trends are excluded from these calculations so that investors can better evaluate and analyze historical and future business trends on a
consistent basis. Definitions of these Non-GAAP measures may not be comparable to similar definitions used by other companies and are not a substitute for similar GAAP measures.
(Millions of dollars, except per share data)
Year to Date
December 31,
Q4
2022
2023
Q3
Q2
Q1
Year to Date
December 31,
Q4
Q3
Q2
Q1
Adjusted Operating Profit and Operating Margin
Reported operating profit
$
Add: Other charges (a)
8,024 $
40
2,028 $
2,052 $
(2)
2
2,011 $
22
1,933
18
$
5,369 $
1,029
1,687 $
25
1,613 $
15
589 $
993
1,480
(4)
Add: Pension settlement charges
Add: Purchase accounting impacts - Linde AG (c)
Total adjustments
Adjusted operating profit
Reported percentage change
Adjusted percentage change
Reported sales
Reported operating margin
Adjusted operating margin
1,006
246
252
253
255
1,506
289
382
406
429
1,046
244
254
275
273
2,535
314
397
1,399
425
$
9,070 $
2,272 $
2,306 $
2,286 $
2,206
$
7,904 $
2,001 $
2,010 $
1,988 $
1,905
49 %
15%
20%
14 %
27%
15%
241 %
15%
31 %
16%
8%
10%
26%
9%
25%
11 %
(48)%
22%
8%
13%
$
32,854 $
8,302 $
8,155 $
8,204 $
8,193
$
33,364 $
7,899 $
8,797 $
8,457 $
8,211
24.4 %
24.4%
25.2 %
27.6%
27.4 %
28.3 %
24.5%
27.9%
23.6%
26.9%
16.1 %
23.7 %
21.4 %
25.3%
18.3%
22.8%
7.0%
23.5%
18.0 %
23.2%
Adjusted Depreciation and amortization
Reported depreciation and amortization
$
3,816 $
949 $
959 $
960 $
948
$
4,204 $
956 $
Less: Purchase accounting impacts - Linde AG (c)
(991)
(241)
(249)
(251)
(250)
(1,481)
(285)
1,045 $
(377) $
1,091 $
1,112
(401)
Adjusted depreciation and amortization
$
2,825 $
708 $
710 $
709 $
698
$
2,723 $
671 $
668 $
690 $
(418)
694
Adjusted Other Income (Expense) - net
Reported Other Income (Expense) - net
$
(41) $
(25) $
16 $
(27)
(5)
S
(62) $
(4) $
(34) $
(36) $
12
Add: Purchase accounting impacts - Linde AG (c)
(15)
(5)
(3)
(2)
(5)
(25)
(4)
(5)
(5)
(11)
Adjusted Other Income (Expense) - net
(26) $
(20) $
19 $
(25) $
(37) $
- S
(29) $
(31) $
23
23View entire presentation