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
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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.
Frequently Asked Questions
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.
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.
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.
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.