Overview Financials News + Filings IR Vault Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Flavors | | | | | 2,091.6 | 1,632.2 | 1,496.5 | 1,443.0 |
| Fragrances | | | | | 1,885.9 | 1,766.6 | 1,619.8 | 1,580.2 |
| Total revenues [+] | 12,440.0 | 11,656.0 | 5,084.0 | 5,140.0 | 3,977.5 | 3,398.7 | 3,116.4 | 3,023.2 |
| Products | 12,440.0 | 11,656.0 | 5,084.0 | 5,140.0 | 3,977.5 | 3,398.7 | 3,116.4 | 3,023.2 |
| Revenue growth [+] | 6.7% | 129.3% | -1.1% | 29.2% | 17.0% | 9.1% | 3.1% | -2.1% |
| Flavors | | | | | 28.2% | 9.1% | 3.7% | -1.0% |
| Fragrances | | | | | 6.8% | 9.1% | 2.5% | -3.1% |
| Cost of goods sold | 8,289.0 | 7,921.0 | 2,998.0 | 3,027.0 | 2,294.8 | 1,926.3 | 1,720.8 | 1,671.6 |
| Gross profit | 4,151.0 | 3,735.0 | 2,086.0 | 2,113.0 | 1,682.7 | 1,472.5 | 1,395.6 | 1,351.6 |
| Gross margin | 33.4% | 32.0% | 41.0% | 41.1% | 42.3% | 43.3% | 44.8% | 44.7% |
| Selling, general and administrative | 1,768.0 | 1,749.0 | 949.0 | 876.0 | 707.5 | 570.1 | 572.5 | 494.5 |
| Research and development | 603.0 | 629.0 | 357.0 | 346.0 | 311.6 | 295.5 | 258.9 | 246.1 |
| Other operating expenses | -120.0 | | | | | | | |
| EBITDA [+] | 2,352.0 | 1,781.0 | 912.0 | 1,021.0 | 761.6 | 690.1 | 642.9 | 685.5 |
| EBITDA growth | 32.1% | 95.3% | -10.7% | 34.1% | 10.4% | 7.3% | -6.2% | 0.4% |
| EBITDA margin | 18.9% | 15.3% | 17.9% | 19.9% | 19.1% | 20.3% | 20.6% | 22.7% |
| Depreciation | 452.0 | 424.0 | 132.0 | 130.0 | 97.9 | 83.3 | 78.7 | 74.6 |
| EBITA | 1,900.0 | 1,357.0 | 780.0 | 891.0 | 663.7 | 606.9 | 564.2 | 611.0 |
| EBITA margin | 15.3% | 11.6% | 15.3% | 17.3% | 16.7% | 17.9% | 18.1% | 20.2% |
| Amortization of intangibles | 727.0 | 732.0 | 193.0 | 193.0 | 75.9 | 34.7 | 23.8 | 15.0 |
| EBIT [+] | 1,173.0 | 625.0 | 587.0 | 698.0 | 587.8 | 572.2 | 540.4 | 595.9 |
| EBIT growth | 87.7% | 6.5% | -15.9% | 18.8% | 2.7% | 5.9% | -9.3% | 0.4% |
| EBIT margin | 9.4% | 5.4% | 11.5% | 13.6% | 14.8% | 16.8% | 17.3% | 19.7% |
| Non-recurring items [+] | 2,499.0 | 40.0 | 21.0 | 33.0 | 3.9 | 19.5 | -12.5 | 7.6 |
| Loss (gain) on sale of assets | -3.0 | -1.0 | 4.0 | 3.0 | -1.2 | -0.2 | -10.8 | |
| Interest expense | 336.0 | 289.0 | 132.0 | 138.0 | 132.6 | 65.4 | 53.0 | 46.1 |
| Interest expense | 336.0 | 289.0 | 132.0 | 138.0 | 132.6 | 65.4 | 53.0 | 46.1 |
| Other income (expense), net [+] | 37.0 | 58.0 | 7.0 | 30.0 | -3.6 | 49.8 | 23.8 | -3.2 |
| Gain (loss) on debt retirement | | | | | -38.8 | | | |
| Other | 37.0 | 58.0 | 7.0 | 30.0 | 35.2 | 49.8 | 23.8 | -3.2 |
| Pre-tax income | -1,625.0 | 354.0 | 441.0 | 557.0 | 447.8 | 537.0 | 523.7 | 539.1 |
| Income taxes | 239.0 | 75.0 | 74.0 | 97.0 | 108.0 | 241.4 | 118.7 | 119.9 |
| Tax rate | | 21.2% | 16.8% | 17.4% | 24.1% | 44.9% | 22.7% | 22.2% |
| Minority interest | 7.0 | 9.0 | 4.0 | 4.0 | 2.5 | | | |
| Net income | -1,871.0 | 270.0 | 363.0 | 456.0 | 337.3 | 295.7 | 405.0 | 419.2 |
| Net margin | -15.0% | 2.3% | 7.1% | 8.9% | 8.5% | 8.7% | 13.0% | 13.9% |
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| Basic EPS [+] | ($7.34) | $1.11 | $3.24 | $4.07 | $3.85 | $3.74 | $5.09 | $5.21 |
| Growth | -760.4% | -65.7% | -20.4% | 5.7% | 3.0% | -26.5% | -2.4% | 1.7% |
| Diluted EPS [+] | ($7.34) | $1.11 | $3.18 | $4.04 | $3.83 | $3.73 | $5.06 | $5.18 |
| Growth | -760.4% | -65.1% | -21.1% | 5.4% | 2.8% | -26.4% | -2.3% | 1.9% |
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| Dividends per share [+] | $3.20 | $3.12 | $3.04 | $2.96 | $2.84 | $2.66 | $2.40 | $2.06 |
| Growth | 2.6% | 2.6% | 2.7% | 4.2% | 6.8% | 10.8% | 16.5% | 19.8% |
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| Shares outstanding (basic) [+] | 255.0 | 243.0 | 112.0 | 112.0 | 87.6 | 79.1 | 79.6 | 80.4 |
| Growth | 4.9% | 117.0% | 0.0% | 27.9% | 10.7% | -0.7% | -1.0% | -0.6% |
| Shares outstanding (diluted) [+] | 255.0 | 243.0 | 114.0 | 113.0 | 88.1 | 79.4 | 80.0 | 80.9 |
| Growth | 4.9% | 113.2% | 0.9% | 28.2% | 11.0% | -0.8% | -1.1% | -0.7% |
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| 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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