International Flavors & Fragrances, Inc. (IFF) financial statements (2020 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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments607635368324182479406
Cash and cash equivalents607635368324182479406
Restricted cash and investments1714     
Receivables61938664551538494524
Inventory, net of allowances, customer advances and progress billings1,1231,079649592589569534
Inventory1,1231,079649592589569534
Contract with customer, asset3 ✕✕✕✕✕
Other current assets319277215142147141149
Other undisclosed current assets813    2840
Total current assets:2,9432,9421,8971,6091,4561,7101,653
Noncurrent Assets
Property, plant and equipment1,3871,241881776733720687
Intangible assets, net (including goodwill)8,3508,4181,5721,3661,247752696
Goodwill5,4985,3781,1561,000941675666
Intangible assets, net (excluding goodwill)2,8523,0394163663067731
Other noncurrent assets608289150128119129141
Defined benefit plan, assets for plan benefits✕✕✕  114
Other undisclosed noncurrent assets  100139166182140
Total noncurrent assets:10,3459,9482,7022,4082,2661,7851,679
TOTAL ASSETS:13,28712,8894,5994,0173,7213,4953,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities590549393325347316356
Accounts payable510471338275302230227
Employee-related liabilities     71106
Taxes payable     1523
Interest and dividends payable8078545145  
Debt38549725913280
Liability for uncertainty in income taxes     25
Other liabilities577531369314262243300
Other undisclosed current liabilities     (50)(100)
Total current liabilities:1,5521,128769898742519560
Noncurrent Liabilities
Long-term debt and lease obligation3,9974,5041,6321,067938934933
Long-term debt, excluding current maturities3,9974,5041,6321,067938934933
Liabilities, other than long-term debt1,409474471381403498354
Deferred revenue and credits✕30     
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕354238
Deferred income tax liabilities641✕✕✕✕✕✕
Liability for uncertainty in income taxes     2524
Liability, pension and other postretirement and postemployment benefits265227229243242 ✕
Other liabilities50221724213716111892
Other undisclosed noncurrent liabilities 6573740432117
Total noncurrent liabilities:5,4075,6362,1411,4881,3841,4531,304
Total liabilities:6,9596,7642,9102,3862,1261,9721,865
Temporary equity, carrying amount9982     
Stockholders' equity
Stockholders' equity attributable to parent, including:6,2176,0331,6841,6261,5901,5191,463
Common stock16161414141414
Treasury stock, value(1,023)(1,031)(1,726)(1,679)(1,556)(1,446)(1,366)
Additional paid in capital3,8233,794163152141140131
Accumulated other comprehensive loss(719)(702)(637)(680)(613)(540)(393)
Retained earnings4,1183,9563,8713,8193,6043,3513,076
Other undisclosed stockholders' equity attributable to parent2      
Stockholders' equity attributable to noncontrolling interest121055544
Total stockholders' equity:6,2306,0431,6891,6311,5951,5231,467
TOTAL LIABILITIES AND EQUITY:13,28712,8894,5994,0173,7213,4953,332

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,1403,9783,3993,1163,0233,0892,953
Revenue, net✕3,9783,3993,1163,0233,0892,953
Cost of revenue(3,027)(2,295)(1,920)(1,717)(1,672)(1,726)(1,703)
Cost of goods and services sold(3,027)(2,295)(1,920)(1,717)(1,672)(1,726)(1,669)
Gross profit:2,1131,6831,4791,3991,3521,3621,250
Operating expenses(1,447)(1,099)(878)(833)(756)(778)(765)
Other undisclosed operating income (loss)  (20)2(8)931
Operating income:665584581567588592516
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		3035219(3)316
Interest and debt expense(138)(171)(65)(53)(46)(46)(47)
Income from continuing operations before income taxes:557448537524539549485
Income tax expense(97)(108)(241)(119)(120)(135)(132)
Net income:460340296405419415354
Net loss attributable to noncontrolling interest(4)(2)     
Other undisclosed net income attributable to parent 2     
Net income attributable to parent:456340296405419415354
Other undisclosed net loss available to common stockholders, basic (2)     
Net income available to common stockholders, diluted:456337296405419415354

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:460340296405419415354
Other comprehensive loss (2)(4)(10)(2)  
Comprehensive income:460338292395418415354
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(2)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15)(63)46(56)(71)(148)11
Comprehensive income, net of tax, attributable to parent:441273338338346267364

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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