LINCOLN ELECTRIC HOLDINGS INCLECO
| Dec 31,
2010 | Dec 31,
2011 | Dec 31,
2012 | Dec 31,
2013 | Dec 31,
2014 | Dec 31,
2015 | Dec 31,
2016 | Dec 31,
2017 | Dec 31,
2018 | Dec 31,
2019 | Dec 31,
2020 | Dec 31,
2021 | Dec 31,
2022 | Dec 31,
2023 |
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| Net income | 132 | 217 | 257 | 292 | 254 | 127 | 198 | 247 | 287 | 293 | 206 | 277 | 472 | 545 |
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| Non-controlling interests in subsidiaries' income (loss) | 2 | -0 | -0 | -2 | -1 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | - | - |
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| Rationalization and asset impairment net charges (Note 7) | - | - | - | - | - | - | - | - | - | - | - | - | -8 | -5 |
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| Depreciation and amortization | 57 | 62 | 65 | 69 | 70 | 64 | 65 | 68 | 72 | 81 | 80 | 81 | 78 | 87 |
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| Equity earnings in affiliates, net | 1 | 2 | -0 | 2 | 2 | 1 | 0 | 0 | 3 | 1 | 0 | 0 | -0 | - |
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| Gain on sale of property | - | - | - | - | - | - | - | - | - | - | - | - | - | 36 |
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| Deferred income taxes (Note 13) | 4 | 15 | -2 | 18 | 18 | -56 | -10 | 4 | 1 | 13 | -3 | -29 | -48 | -21 |
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| Stock-based compensation | 8 | 7 | 9 | 10 | 8 | 8 | 10 | 13 | 19 | 17 | 15 | 24 | 25 | 26 |
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| Pension settlement net charges | - | - | - | - | - | - | - | - | - | - | - | 127 | - | - |
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| Other, net | - | -3 | -3 | -2 | -5 | -1 | 4 | -6 | 11 | 8 | 10 | 17 | -12 | 17 |
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| Decrease (increase) in accounts receivable | 48 | 68 | -58 | 5 | -6 | -57 | 12 | 17 | 4 | -50 | -4 | 66 | 65 | -15 |
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| Decrease (increase) in inventories | 29 | 52 | -28 | -13 | 6 | -56 | -15 | -19 | 24 | 12 | -23 | 154 | 81 | -122 |
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| (Increase) in other current assets | - | 3 | 10 | -3 | -32 | 20 | -2 | 8 | -1 | -14 | -15 | 24 | 18 | 36 |
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| (Decrease) increase in trade accounts payable | 47 | 9 | 16 | 1 | 2 | -47 | 30 | 18 | 4 | -8 | -18 | 82 | 17 | -32 |
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| Increase (decrease) in other current liabilities | - | 21 | 22 | -8 | -4 | -0 | -18 | -0 | -14 | -31 | 22 | 68 | -8 | 10 |
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| Net change in other assets and liabilities | - | 4 | 87 | 1 | 1 | -6 | -3 | -6 | -3 | 0 | 5 | 2 | 8 | 0 |
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| Net income including non-controlling interests | 132 | 217 | 257 | 292 | 254 | 127 | 198 | 247 | 287 | 293 | 206 | 277 | 472 | - |
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| NET CASH PROVIDED BY OPERATING ACTIVITIES | 157 | - | - | - | - | - | - | - | - | 403 | 351 | 365 | 383 | 668 |
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| Rationalization and asset impairment net charges (Note 7) | - | - | - | - | - | - | - | - | - | - | - | - | -8 | -5 |
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| Depreciation and amortization | 57 | 62 | 65 | 69 | 70 | 64 | 65 | 68 | 72 | 81 | 80 | 81 | 78 | 87 |
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| Equity earnings in affiliates, net | 1 | 2 | -0 | 2 | 2 | 1 | 0 | 0 | 3 | 1 | 0 | 0 | -0 | - |
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| Gain on sale of property | - | - | - | - | - | - | - | - | - | - | - | - | - | 36 |
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| Deferred income taxes (Note 13) | 4 | 15 | -2 | 18 | 18 | -56 | -10 | 4 | 1 | 13 | -3 | -29 | -48 | -21 |
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| Stock-based compensation | 8 | 7 | 9 | 10 | 8 | 8 | 10 | 13 | 19 | 17 | 15 | 24 | 25 | 26 |
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| Pension settlement net charges | - | - | - | - | - | - | - | - | - | - | - | 127 | - | - |
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| Other, net | - | -3 | -3 | -2 | -5 | -1 | 4 | -6 | 11 | 8 | 10 | 17 | -12 | 17 |
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| Decrease (increase) in accounts receivable | 48 | 68 | -58 | 5 | -6 | -57 | 12 | 17 | 4 | -50 | -4 | 66 | 65 | -15 |
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| Decrease (increase) in inventories | 29 | 52 | -28 | -13 | 6 | -56 | -15 | -19 | 24 | 12 | -23 | 154 | 81 | -122 |
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| (Increase) in other current assets | - | 3 | 10 | -3 | -32 | 20 | -2 | 8 | -1 | -14 | -15 | 24 | 18 | 36 |
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| (Decrease) increase in trade accounts payable | 47 | 9 | 16 | 1 | 2 | -47 | 30 | 18 | 4 | -8 | -18 | 82 | 17 | -32 |
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| Increase (decrease) in other current liabilities | - | 21 | 22 | -8 | -4 | -0 | -18 | -0 | -14 | -31 | 22 | 68 | -8 | 10 |
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| Net change in other assets and liabilities | - | 4 | 87 | 1 | 1 | -6 | -3 | -6 | -3 | 0 | 5 | 2 | 8 | 0 |
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| NET CASH PROVIDED BY OPERATING ACTIVITIES | 157 | - | - | - | - | - | - | - | - | 403 | 351 | 365 | 383 | 668 |
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| Capital expenditures | 61 | 66 | 53 | 76 | 73 | 51 | 50 | 62 | 71 | 70 | 59 | 63 | 72 | 91 |
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| Acquisition of businesses, net of cash acquired (Note 4) | 19 | 66 | 135 | 53 | 24 | 37 | 72 | 72 | 102 | 135 | - | 156 | 436 | 33 |
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| Proceeds from sale of property, plant and equipment | 10 | 1 | 1 | 1 | 17 | 2 | 1 | 2 | 17 | 10 | 8 | 7 | 3 | 49 |
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| Other investing activities | - | - | - | - | - | - | 1 | - | 2 | -2 | -2 | -6 | -0 | 1 |
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| NET CASH USED BY INVESTING ACTIVITIES | -69 | - | - | - | - | - | - | - | - | -193 | -49 | -205 | -505 | -75 |
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| Net Changes in Borrowings | - | - | - | - | - | - | - | - | - | - | - | - | 34 | - |
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| (Payments on) proceeds from short-term borrowings | - | - | - | - | - | - | - | - | - | - | - | - | - | -80 |
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| Proceeds from (Repayments of) Debt | - | - | - | - | - | - | - | - | - | - | - | 46 | 405 | -8 |
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| Proceeds from Stock Options Exercised | 4 | 11 | 19 | 20 | 9 | 6 | 25 | 17 | 5 | 14 | 17 | 19 | 6 | 22 |
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| Purchase of shares for treasury | 40 | 37 | 81 | 168 | 307 | 399 | 342 | 43 | 202 | 293 | 113 | 165 | 181 | 199 |
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| Cash dividends paid to shareholders | 47 | 52 | 73 | 49 | 73 | 87 | 87 | 92 | 102 | 118 | 118 | 122 | 131 | 148 |
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| Other financing activities | - | 3 | - | - | - | -8 | -19 | -16 | -2 | - | - | -1 | -0 | - |
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| NET CASH (USED BY) PROVIDED BY FINANCING ACTIVITIES | -110 | - | - | - | - | - | - | - | - | -372 | -246 | -222 | 134 | -412 |
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| Effect of exchange rate changes on Cash and cash equivalents | - | - | - | - | - | - | - | - | -16 | 2 | 2 | -2 | -8 | - |
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| Effect of exchange rate changes on Cash and cash equivalents | - | - | - | - | - | - | - | - | - | - | - | - | - | 16 |
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| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | - | - | - | - | - | - | - | - | 32 | -159 | 58 | -64 | 4 | 197 |
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