International Flavors & Fragrances, Inc. (IFF) financial statements (2021 and earlier)

Company profile

Business Address 521 W 57TH ST
NEW YORK, NY 10019
State of Incorp. NY
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6074954274846355,274322
Cash and cash equivalents6074954274846355,274322
Restricted cash and investments179281414  
Receivables619431,0461,004938701724
Inventory, net of allowances, customer advances and progress billings1,1231,1261,1641,1141,079720695
Inventory1,1231,1261,1641,1141,079720695
Contract with customer, asset3      
Other current assets319325326310277252285
Other undisclosed current assets813      
Total current assets:2,9432,8992,9902,9262,9426,9472,027
Noncurrent Assets
Property, plant and equipment1,3871,3141,3161,2941,241875868
Intangible assets, net (including goodwill)8,3508,2118,4518,4088,4181,5381,540
Goodwill5,4985,3815,5065,4345,3781,1531,149
Intangible assets, net (excluding goodwill)2,8522,8302,9452,9743,039386391
Other noncurrent assets608561591583289168157
Other undisclosed noncurrent assets     8782
Total noncurrent assets:10,34510,08610,35810,2869,9482,6692,647
TOTAL ASSETS:13,28712,98513,34813,21112,8899,6164,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities590608635646549455429
Accounts payable510417464476471312316
Employee-related liabilities 1129491 7659
Interest and dividends payable80807878786754
Debt385385848449467
Other liabilities577419430415531257263
Total current liabilities:1,5521,4121,1501,1441,128758699
Noncurrent Liabilities
Long-term debt and lease obligation3,9974,0084,4294,4214,5044,3311,717
Long-term debt, excluding current maturities3,9974,0084,4294,4214,5044,3311,717
Liabilities, other than long-term debt1,4091,3831,444718474454465
Deferred revenue and credits30
Deferred income tax liabilities641634707 
Liability, pension and other postretirement and postemployment benefits265218222226227219226
Other liabilities502531515492217235239
Other undisclosed noncurrent liabilities   6596573436
Total noncurrent liabilities:5,4075,3915,8735,7985,6364,8192,218
Total liabilities:6,9596,8037,0236,9426,7645,5782,917
Temporary equity, carrying amount9911511611582  
Stockholders' equity
Stockholders' equity attributable to parent, including:6,2176,0566,1996,1436,0334,0321,750
Common stock16161616161614
Treasury stock, value(1,023)(1,023)(1,023)(1,029)(1,031)(1,732)(1,732)
Additional paid in capital3,8233,8163,8063,8033,7942,442167
Accumulated other comprehensive loss(719)(868)(668)(657)(702)(715)(692)
Retained earnings4,1184,1144,0694,0113,9564,0213,992
Other undisclosed stockholders' equity attributable to parent2      
Stockholders' equity attributable to noncontrolling interest121111111066
Total stockholders' equity:6,2306,0676,2106,1546,0434,0381,756
TOTAL LIABILITIES AND EQUITY:13,28712,98513,34813,21112,8899,6164,673

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,2841,2671,2921,2971,219908920
Revenue, net1,297908920
Cost of revenue
(Cost of Goods and Services Sold)
(782)(734)(745)(766)(742)(507)(521)
Gross profit:502533546531478401399
Operating expenses(385)(348)(346)(367)(382)(241)(244)
Operating income:11718520016495159155
Nonoperating income
(Other Nonoperating income)
1562710421
Interest and debt expense(36)(33)(33)(37)(39)(63)(53)
Income from continuing operations before income taxes:9715716913566101122
Income tax expense(16)(27)(31)(23)(51)(5)(23)
Net income:80130139111169699
Net income (loss) attributable to noncontrolling interest3(3)(2)(2)   
Other undisclosed net income attributable to parent  22   
Net income attributable to parent:84127139111169699
Other undisclosed net loss available to common stockholders, basic  (2)(2)(2)  
Net income available to common stockholders, diluted:84127136109139699

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:80130139111169699
Other comprehensive income (loss)165(199)(11)4576(23)(72)
Comprehensive income (loss):246(69)128156927327
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(3)(2)(2)   
Other undisclosed comprehensive loss, net of tax, attributable to parent(15)   (66)  
Comprehensive income (loss), net of tax, attributable to parent:234(72)125154267327

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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