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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments650607635368324182479
Cash and cash equivalents650607635368324182479
Restricted cash and investments71714    
Receivables92961938664551538494
Inventory, net of allowances, customer advances and progress billings1,1321,1231,079649592589569
Inventory1,1321,1231,079649592589569
Contract with customer, asset 3 
Other current assets342319277215142147141
Other undisclosed current assets0813    28
Total current assets:3,0602,9432,9421,8971,6091,4561,710
Noncurrent Assets
Property, plant and equipment1,4581,3871,241881776733720
Intangible assets, net (including goodwill)8,3208,3508,4181,5721,3661,247752
Goodwill5,5935,4985,3781,1561,000941675
Intangible assets, net (excluding goodwill)2,7272,8523,03941636630677
Other noncurrent assets717608289150128119129
Defined benefit plan, assets for plan benefits  1
Other undisclosed noncurrent assets   100139166182
Total noncurrent assets:10,49610,3459,9482,7022,4082,2661,785
TOTAL ASSETS:13,55613,28712,8894,5994,0173,7213,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities638590549393325347316
Accounts payable556510471338275302230
Employee-related liabilities      71
Taxes payable      15
Interest and dividends payable828078545145 
Debt6343854972591328
Liability for uncertainty in income taxes      2
Other liabilities632577531369314262243
Other undisclosed current liabilities      (50)
Total current liabilities:1,9041,5521,128769898742519
Noncurrent Liabilities
Long-term debt and lease obligation3,7793,9974,5041,6321,067938934
Long-term debt, excluding current maturities3,7793,9974,5041,6321,067938934
Liabilities, other than long-term debt1,4521,409474471381403498
Deferred revenue and credits30    
Pension and other postretirement defined benefit plans, liabilities354
Deferred income tax liabilities593641
Liability for uncertainty in income taxes      25
Liability, pension and other postretirement and postemployment benefits326265227229243242 
Other liabilities532502217242137161118
Other undisclosed noncurrent liabilities  65737404321
Total noncurrent liabilities:5,2315,4075,6362,1411,4881,3841,453
Total liabilities:7,1356,9596,7642,9102,3862,1261,972
Temporary equity, carrying amount989982    
Stockholders' equity
Stockholders' equity attributable to parent, including:6,3116,2176,0331,6841,6261,5901,519
Common stock16161614141414
Treasury stock, value(1,017)(1,023)(1,031)(1,726)(1,679)(1,556)(1,446)
Additional paid in capital3,8533,8233,794163152141140
Accumulated other comprehensive loss(691)(719)(702)(637)(680)(613)(540)
Retained earnings4,1564,1183,9563,8713,8193,6043,351
Other undisclosed stockholders' equity attributable to parent(7)2     
Stockholders' equity attributable to noncontrolling interest1212105554
Total stockholders' equity:6,3236,2306,0431,6891,6311,5951,523
TOTAL LIABILITIES AND EQUITY:13,55613,28712,8894,5994,0173,7213,495

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,0845,1403,9783,3993,1163,0233,089
Revenue, net3,9783,3993,1163,0233,089
Cost of revenue
(Cost of Goods and Services Sold)
(2,998)(3,027)(2,295)(1,920)(1,717)(1,672)(1,726)
Gross profit:2,0862,1131,6831,4791,3991,3521,362
Operating expenses(1,502)(1,447)(1,099)(878)(833)(756)(778)
Other undisclosed operating income (loss)(17)  (20)2(8)9
Operating income:566665584581567588592
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
73035219(3)3
Interest and debt expense(132)(138)(171)(65)(53)(46)(46)
Income from continuing operations before income taxes:441557448537524539549
Income tax expense(74)(97)(108)(241)(119)(120)(135)
Net income:367460340296405419415
Net loss attributable to noncontrolling interest(4)(4)(2)    
Other undisclosed net income attributable to parent  2    
Net income attributable to parent:363456340296405419415
Other undisclosed net loss available to common stockholders, basic  (2)    
Net income available to common stockholders, diluted:363456337296405419415

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:367460340296405419415
Other comprehensive loss  (2)(4)(10)(2) 
Comprehensive income:367460338292395418415
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(4)(2)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19(15)(63)46(56)(71)(148)
Comprehensive income, net of tax, attributable to parent:383441273338338346267

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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