International Flavors & Fragrances, Inc. (IFF) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments711650607635368324182
Cash and cash equivalents711650607635368324182
Restricted cash and investments471714   
Receivables1,90692961938664551538
Inventory, net of allowances, customer advances and progress billings2,5161,1321,1231,079649592589
Inventory2,5161,1321,1231,079649592589
Contract with customer, asset  3 
Disposal group, including discontinued operation1,122      
Other current assets728342319277215142147
Other undisclosed current assets 0813    
Total current assets:6,9873,0602,9432,9421,8971,6091,456
Noncurrent Assets
Operating lease, right-of-use asset767  
Property, plant and equipment4,3681,4581,3871,241881776733
Intangible assets, net (including goodwill)26,9208,3208,3508,4181,5721,3661,247
Goodwill16,4145,5935,4985,3781,1561,000941
Intangible assets, net (excluding goodwill)10,5062,7272,8523,039416366306
Other noncurrent assets616717608289150128119
Other undisclosed noncurrent assets    100139166
Total noncurrent assets:32,67110,49610,3459,9482,7022,4082,266
TOTAL ASSETS:39,65813,55613,28712,8894,5994,0173,721
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,068638590549393325347
Accounts payable1,532556510471338275302
Employee-related liabilities335      
Interest and dividends payable201828078545145
Debt308634385497259132
Disposal group, including discontinued operation101      
Other liabilities832632577531369314262
Other undisclosed current liabilities324      
Total current liabilities:3,6331,9041,5521,128769898742
Noncurrent Liabilities
Long-term debt and lease obligation11,4383,7793,9974,5041,6321,067938
Long-term debt, excluding current maturities10,7683,7793,9974,5041,6321,067938
Operating lease, liability670  
Liabilities, other than long-term debt3,3651,4521,409474471381403
Deferred revenue and credits30   
Deferred income tax liabilities2,518593641
Liability, pension and other postretirement and postemployment benefits385326265227229243242
Other liabilities462532502217242137161
Other undisclosed noncurrent liabilities   657374043
Total noncurrent liabilities:14,8035,2315,4075,6362,1411,4881,384
Total liabilities:18,4367,1356,9596,7642,9102,3862,126
Temporary equity, carrying amount105989982   
Stockholders' equity
Stockholders' equity attributable to parent, including:21,0826,3116,2176,0331,6841,6261,590
Common stock35161616141414
Treasury stock, value(997)(1,017)(1,023)(1,031)(1,726)(1,679)(1,556)
Additional paid in capital19,8263,8533,8233,794163152141
Accumulated other comprehensive loss(1,423)(691)(719)(702)(637)(680)(613)
Retained earnings3,6414,1564,1183,9563,8713,8193,604
Other undisclosed stockholders' equity attributable to parent (7)2    
Stockholders' equity attributable to noncontrolling interest35121210555
Total stockholders' equity:21,1176,3236,2306,0431,6891,6311,595
TOTAL LIABILITIES AND EQUITY:39,65813,55613,28712,8894,5994,0173,721

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,6565,0845,1403,9783,3993,1163,023
Revenue, net3,9783,3993,1163,023
Cost of revenue
(Cost of Goods and Services Sold)
(7,921)(2,998)(3,027)(2,295)(1,920)(1,717)(1,672)
Gross profit:3,7352,0862,1131,6831,4791,3991,352
Operating expenses(3,109)(1,502)(1,447)(1,099)(878)(833)(756)
Other undisclosed operating income (loss)(41)(17)  (20)2(8)
Operating income:585566665584581567588
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5873035219(3)
Interest and debt expense(289)(132)(138)(171)(65)(53)(46)
Income from continuing operations before income taxes:354441557448537524539
Income tax expense(75)(74)(97)(108)(241)(119)(120)
Net income:279367460340296405419
Net loss attributable to noncontrolling interest(9)(4)(4)(2)   
Other undisclosed net income attributable to parent   2   
Net income attributable to parent:270363456340296405419
Other undisclosed net loss available to common stockholders, basic   (2)   
Net income available to common stockholders, diluted:270363456337296405419

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:279367460340296405419
Other comprehensive loss(725)  (2)(4)(10)(2)
Comprehensive income (loss):(446)367460338292395418
Comprehensive loss, net of tax, attributable to noncontrolling interest(9)(4)(4)(2)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 19(15)(63)46(56)(71)
Comprehensive income (loss), net of tax, attributable to parent:(455)383441273338338346

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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