What is Linde plc's current operational status?

As of the period ending September 29, 2017, Linde plc has not conducted any material operational activities. Its focus is solely on its formation and the pending business combination with Praxair.

What is the purpose of the cash management agreement with Praxair International Finance UC?

The €30 million cash management agreement is in place to finance Linde plc's working capital obligations. As of September 30, 2017, the outstanding amount of $9,220,590 was primarily related to SEC registration fees paid by Praxair International Finance UC on behalf of Linde plc.

What are the main risks highlighted in this filing?

The primary risks discussed are related to the proposed business combination with Praxair. These include potential difficulties in obtaining regulatory approvals, challenges in integrating the two companies, and the possibility of higher-than-expected operating costs or business disruptions.

Has Linde plc incurred significant expenses?

Yes, Linde plc incurred $290,825 in expenses during the quarter and $753,465 from its inception to September 30, 2017. These expenses are primarily related to accounting and advisory services for the business combination.

LIN 10-Q Quarterly Report Q3 FY2017 — Revenue, Net Income, EPS

Summary

Linde plc's October 30, 2017, 10-Q filing indicates that the company is in its nascent stages, primarily focused on the pending business combination with Praxair. As of September 29, 2017, Linde plc has not conducted any material operational activities beyond those related to its formation and the execution of the business combination agreement. Financial activities are limited to expenses incurred for advisory services and a €30 million cash management agreement with Praxair International Finance UC, primarily used for SEC registration fees.

Financial Highlights

25 data points

Beta

Revenue

$2.92B

Net Income

$419.00M

0.1% Net Margin

EPS (Diluted)

$1.45

Total Assets

$9.07M

Cash & Equivalents

$83K

Free Cash Flow

-$35K

Financial Statements

Beta

Revenue	$2.92B
Operating Income	$632.00M
Net Income	$419.00M
EPS (Basic)	$1.46
EPS (Diluted)	$1.45
Shares Outstanding (Basic)	286.47M
Shares Outstanding (Diluted)	289.22M

Key Highlights

1Linde plc is in the formation stage, with no material operational activities beyond the proposed business combination with Praxair.
2The company has a €30 million cash management agreement, with approximately $9.2 million outstanding primarily for SEC registration fees.
3Significant expenses have been incurred for accounting and advisory services related to the business combination.
4The company has not been subject to any material market risks as it has not conducted material activities.
5Disclosure controls and procedures are deemed effective by management.
6No legal proceedings are currently active.
7The filing incorporates by reference the Business Combination Agreement and related amendments, as well as Linde plc's constitution.

LINDE PLC Quarterly Report for Q3 Ended Sep 30, 2017

Summary

Financial Highlights

Key Highlights

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