Fourth Quarter 2023 Earnings Report
Non-GAAP Measures, continued
(Millions of dollars, except per share data)
Adjusted EBITDA and % of Sales
Net Income Linde plc
Add: Noncontrolling interests
Add: Net pension and OPEB cost (benefit), excluding service cost
Add: Interest expense
Add: Income taxes.
Add: Depreciation and amortization
EBITDA
Add: Other charges (a)
Add: Purchase accounting impacts - Linde AG (c)
Total adjustments
Adjusted EBITDA
Reported sales
% of sales
EBITDA
Adjusted EBITDA
Linde
2023
Year to Date
Q4
December 31,
Year to Date
Q3
Q2
Q1
Q4
December 31,
70
2022
Q3
Q2
Q1
$
6,199 $
1,543 $
1,565 $
1,575 $
142
33
36
37
1,516
36
$
4,147 $
1,328 $
134
33
1,273 $
27
372 $
38
1,174
36
(164)
(39)
(35)
(45)
(45)
(237)
(58)
(53)
(62)
(64)
200
71
40
52
37
63
31
18
5
9
1,814
459
487
438
430
1,434
388
391
286
369
3,816
949
959
960
948
4,204
956
1,045
1,091
1,112
12,007
3,016
3,052
3,017
?
2,922
9,745
2,678
2,701
1,730
2,636
40
(2)
2
86
23
20
22
22
18
1,029
25
15
993.
(4)
20
23
99
22
23
23
31
126
21
22
42
41
1,128
47
38
1,016
27
$
12,133 $
3,037 $
3,074 $
3,059 $
2,963
$
10,873 $
2,725 $
2,739 $
2,746 $
2,663
$
32,854 $
8,302 $
8,155 $
8,204 $
8,193
$
33,364 $
7,899 $
8,797 $
8,457 $
8,211
36.5%
36.3%
37.4 %
36.8%
35.7%
29.2%
33.9%
30.7 %
20.5 %
36.9%
36.6%
37.7%
37.3 %
36.2%
32.6 %
34.5%
31.1 %
32.5%
32.1 %
32.4%
27
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