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INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)

Income Statement Business | Product | Geographic | Domestic/Foreign

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenues:  
    Europe, Africa and Middle East  970.01,070.0961.01,030.01,100.01,128.01,052.01,084.0
    North America  910.0905.0847.0939.01,065.01,002.0891.0925.0
    Greater Asia  673.0688.0676.0701.0755.0744.0738.0696.0
    Latin America  376.0364.0360.0393.0387.0352.0350.0366.0
Total revenues   [+]2,929.03,027.02,844.03,063.03,307.03,226.03,031.03,071.0
            Revenue growth   [+]-11.4%-6.2%-6.2%-0.3%7.1%30.9%138.7%142.2%
Cost of goods sold  1,996.02,063.01,975.02,062.02,171.02,081.02,050.01,981.0
Gross profit  933.0964.0869.01,001.01,136.01,145.0981.01,090.0
            Gross margin  31.9%31.8%30.6%32.7%34.4%35.5%32.4%35.5%
Selling, general and administrative   [+]445.0454.0440.0413.0456.0459.0450.0436.0
Research and development  161.0161.0143.0145.0158.0157.0166.0156.0
Other operating expenses  -8.0-5.0  -4.0   
EBITDA   [+]450.0459.0393.0554.0643.0646.0475.0600.0
            EBITDA margin  15.4%15.2%13.8%18.1%19.4%20.0%15.7%19.5%
Depreciation  115.0105.0107.0111.0117.0117.0110.0102.0
EBITA  335.0354.0286.0443.0526.0529.0365.0498.0
            EBITA margin  11.4%11.7%10.1%14.5%15.9%16.4%12.0%16.2%
Amortization of intangibles  172.0171.0175.0182.0184.0186.0185.0195.0
EBIT   [+]163.0183.0111.0261.0342.0343.0180.0303.0
            EBIT margin  5.6%6.0%3.9%8.5%10.3%10.6%5.9%9.9%
Non-recurring items   [+]18.052.06.02,246.0129.02.07.05.0
Interest expense  116.0111.0104.083.077.072.073.074.0
Other income (expense), net   [+]21.0-6.0-6.033.0-6.016.014.026.0
Pre-tax income  50.014.0-5.0-2,035.0130.0285.0114.0250.0
Income taxes  23.022.019.0160.021.039.022.053.0
            Tax rate  46.0%157.1%  16.2%13.7%19.3%21.2%
Minority interest   1.01.02.02.02.02.03.0
Net income  27.0-9.0-25.0-2,197.0107.0244.090.0194.0
            Net margin  0.9%-0.3%-0.9%-71.7%3.2%7.6%3.0%6.3%
   
Basic EPS   [+]$0.11($0.04)($0.10)($8.62)$0.42$0.96$0.37$0.76
Diluted EPS   [+]$0.11($0.04)($0.10)($8.62)$0.42$0.96$0.37$0.76
   
Dividends per share   [+]$0.81$0.81$0.81$0.81$0.79$0.79$0.79$0.79
   
Shares outstanding (basic)   [+]255.0255.0255.0255.0255.0255.0243.0254.0
Shares outstanding (diluted)   [+]255.0255.0255.0255.0255.0255.0243.0255.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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