INTERNATIONAL FLAVORS & FRAGRANCES INC IFFT Cash Flow

International flavors & fragrances inc (IFFT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
476,265	460,268	395,390	361,300	321,579	339,781	284,126	298,670	309,317	295,665	415,737	395,253	402,192	405,031	404,281	420,952	409,592	419,247	430,215	431,183	436,094	414,543	385,887	377,516	369,554	353,544	360,183	277,503	263,775	254,134	210,410	276,286	263,879	266,866	298,049	292,847	283,811	263,557	0	0	0
Adjustments to reconcile to net cash provided by operating activities
Depreciation and amortization
322,150	323,330	313,227	263,638	222,183	173,792	128,515	127,130	124,549	117,967	112,806	108,531	102,574	102,469	99,607	98,299	96,309	89,597	85,775	81,264	86,509	89,354	90,821	92,551	86,652	83,227	81,419	79,380	77,033	76,667	75,414	75,065	76,404	75,327	75,350	76,377	77,172	79,242	0	0	0
Deferred income taxes
-44,669	-59,279	-36,355	-22,154	-11,391	19,402	82,951	71,726	81,059	58,889	2,588	-688	6,391	14,350	8,232	11,695	3,304	13,043	28,988	31,013	29,036	23,350	12,179	4,773	-4,470	-484	-7,215	2,879	12,667	-15,878	-14,145	-15,644	-8,871	25,357	53,091	28,651	9,783	-13,301	0	0	0
Losses (gains) on sale of assets
-3,309	-2,367	-394	1,608	1,296	1,177	499	-1,100	232	184	7,958	8,015	8,144	10,836	3,279	3,546	3,369	622	1,758	2,185	2,923	3,768	1,333	1,389	17,567	17,841	21,077	20,957	4,740	4,461	3,062	3,129	3,183	3,184	3,086	3,416	3,865	3,681	0	0	0
Stock-based compensation
35,502	34,482	33,786	32,528	29,385	29,401	28,459	28,847	28,368	26,567	25,265	23,706	24,476	24,587	24,276	24,074	23,703	23,160	21,376	21,474	23,340	22,648	24,444	23,720	23,908	23,736	23,272	22,494	21,249	19,716	19,243	18,730	18,720	20,547	18,341	20,691	17,738	18,382	0	0	0
Pension contributions
25,155	23,714	22,840	23,151	22,002	22,433	18,411	17,704	18,422	39,298	38,861	38,394	64,200	46,347	51,128	49,914	21,259	67,897	70,614	91,663	92,714	43,982	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) Related to Litigation Settlement
-	-	-	-	-	-	-	-	68,969	56,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency gain on liquidation of entity
-	-	-	-	-	-	-	-	-	12,217	12,214	12,214	12,214	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of acquisitions:
Trade receivables
17,801	-59,555	-20,362	37,106	44,592	49,958	67,104	91,234	69,294	68,851	80,419	28,763	21,747	21,544	19,219	69,744	89,476	91,712	63,269	44,728	23,957	2,635	29,034	42,639	60,277	53,156	38,743	35,774	26,284	33,056	30,133	20,560	21,353	35,697	23,145	31,549	38,415	12,143	0	0	0
Inventories
37,978	62,129	109,076	121,246	112,175	117,641	117,827	82,623	48,987	18,911	-21,823	-18,495	-12,087	-15,452	6,133	35,065	47,544	37,628	50,088	51,726	26,279	40,042	27,466	8,022	13,977	-4,822	-19,001	-24,908	-23,580	-4,571	22,001	16,744	14,067	25,199	40,044	69,964	92,127	86,250	0	0	0
Accounts payable
14,841	55,464	33,002	54,630	72,559	55,136	32,476	45,454	22,657	29,114	1,321	-1,954	19,755	-7,642	5,268	32,772	55,280	89,273	76,344	77,568	36,010	19,403	30,435	680	38,663	21,313	21,331	10,276	-19,426	-740	-20,524	12,655	2,760	-5,859	-71,855	-58,335	34,408	39,973	0	0	0
Accruals for incentive compensation
-4,728	-22,357	-12,262	-6,469	-2,675	-2,289	5,484	6,302	6,046	19,144	12,028	1,818	246	12,133	-606	1,791	-1,322	-17,399	754	2,832	3,660	-30,947	-19,666	-7,376	5,414	24,518	18,407	9,537	-1,790	34,632	13,482	3,112	-1,123	-49,964	0	0	0	-	-	-	-
Other current payables and accrued expenses
-48,349	5,488	-17,826	-28,241	1,940	-5,279	13,642	36,806	11,725	22,679	27,863	32,604	31,061	49,103	25,202	21,219	26,995	29,124	4,580	2,705	-19,493	-30,982	-29,637	-27,545	6,618	-1,244	27,524	16,599	10,650	29,203	41,128	27,792	-15,470	-45,491	0	0	0	-	-	-	-
Other assets
14,210	66,650	15,638	-16,412	3,162	19,219	69,287	87,493	60,185	3,866	-13,461	-12,886	-27,039	1,067	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	12,490	30,135	22,696	22,428	71,029	47,273	36,403	49,786	0	0	0
Other liabilities
9,501	-7,860	33,398	39,515	6,575	11,754	67,488	63,995	43,237	20,058	-29,649	-11,501	9,175	14,450	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-15,013	-5,891	-1,813	-14,668	13,481	-998	-7,315	2,299	0	0	0
Other assets/liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
668,678	698,965	618,652	567,322	496,202	437,575	393,225	388,004	360,866	390,756	407,791	435,764	528,691	550,139	514,457	473,293	475,782	467,315	495,582	530,678	514,873	518,390	467,749	443,549	423,836	407,562	443,534	306,473	289,879	323,796	210,042	322,411	276,770	189,190	223,537	189,641	247,800	315,136	0	0	0
Cash flows from investing activities:
Cash paid for acquisitions, net of cash received
15,170	49,065	4,906,386	4,906,385	4,891,216	4,857,343	1,046	1,046	54,257	192,328	428,140	428,140	374,929	236,836	0	0	0	-	-	-	-	102,500	102,500	102,500	102,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Additions to property, plant and equipment
226,663	235,978	228,122	221,767	194,598	170,094	154,076	150,241	135,416	128,973	133,551	129,329	130,562	126,412	104,577	106,329	104,161	101,030	111,994	120,875	128,727	143,182	145,529	133,712	138,132	134,157	128,412	132,996	127,243	126,140	136,890	135,591	136,840	127,457	127,447	114,987	112,726	106,301	0	0	0
Maturity of net investment hedges
-	-	-	-	-	2,642	3,434	4,224	2,919	-1,434	-2,875	-4,294	-2,585	-637	0	0	0	-	-	-	-	-3,304	452	452	356	-646	-626	-626	-530	-1,960	0	0	0	-	-	-	-	-	-	-	-
Purchase of life insurance contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,127	1,330	1,600	2,355	1,936	1,999	2,785	2,219	3,858	0	0	0
Proceeds from life insurance contracts
1,739	1,890	1,890	3,727	3,727	1,837	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	17,750	17,750	17,750	12,308	793	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of assets
41,948	42,112	41,822	32,243	11,853	8,176	15,825	16,284	15,813	16,139	4,467	3,699	6,109	6,856	4,535	6,417	4,218	4,302	4,220	2,736	2,703	3,295	13,036	12,919	29,150	27,312	18,322	18,106	1,899	1,763	459	430	629	705	585	618	1,737	1,657	0	0	0
Contingent consideration paid
0	4,655	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-178,316	-225,866	-5,068,790	-5,090,006	-5,068,295	-5,013,235	-139,037	-137,370	-172,981	-299,930	-552,408	-547,243	-496,505	-355,463	-97,324	-402,429	-580,371	-577,156	-586,864	-292,915	-116,906	-221,333	-217,695	-205,995	-199,430	-105,406	-104,715	-104,280	-115,229	-114,261	-130,729	-138,252	-139,081	-131,163	-131,030	-116,127	-111,489	-106,783	0	0	0
Cash flows from financing activities:
Cash dividends paid to shareholders
315,769	313,510	300,377	276,972	253,577	230,218	217,758	213,758	209,861	206,118	202,524	196,618	190,748	184,897	179,046	172,406	165,725	158,870	152,001	145,749	139,467	133,239	126,935	123,031	119,090	87,347	111,010	108,470	105,857	130,943	100,534	97,107	93,679	90,250	86,750	84,899	83,052	81,181	0	0	0
Increase in revolving credit facility and short term borrowings
-3,747	-1,021	-113,399	-111,178	-51,720	-927	71,986	84,165	-51,292	-4,499	33,248	28,663	94,009	-131,074	-240,286	30,177	13,169	138,036	249,404	-24,057	7,288	8,332	8,616	2,942	-281,564	-283,225	-152,535	-119,271	154,598	138,756	17,746	7,545	24,896	92,662	56,188	-10,470	-56,969	-103,190	0	0	0
Increase in commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	5,788	4,780	4,796	4,796	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on debt
130,689	155,261	188,600	424,042	412,781	376,625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	555,559	555,559	469,397	555,559	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration paid
24,805	24,478	21,791	21,791	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of redeemable noncontrolling interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on pre-issuance hedges
-	-	-	-	-	-	-	-	-	-5,310	5,310	5,310	-300	3,244	3,244	3,244	3,244	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of stock in connection with stock options
-200	0	200	200	200	0	0	0	0	-	-	-	-	813	1,192	1,094	822	886	791	1,126	1,178	1,864	1,547	1,257	2,742	3,799	5,160	7,377	10,077	9,211	8,001	6,901	12,281	14,656	23,438	24,705	22,331	26,224	0	0	0
Employee withholding taxes paid
-10,723	-10,787	-9,966	-10,484	-7,798	-9,725	-9,984	-9,379	-12,034	-11,768	-11,547	-11,523	-9,057	-13,353	-47,911	-47,815	-38,785	-22,892	11,954	12,150	14,612	6,330	6,609	6,728	5,683	6,112	7,043	7,039	7,812	8,380	7,630	7,371	6,429	5,933	0	0	0	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	15,475	20,333	20,333	31,074	58,069	86,506	108,940	125,048	127,443	135,104	155,094	151,540	122,193	116,987	92,913	78,741	88,203	71,893	66,292	57,243	51,363	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-500,106	-505,057	-316,200	4,660,807	4,773,139	4,870,703	4,721,041	-410,706	-174,106	-42,558	-30,222	73,805	-248,445	-34,427	-178,620	117,313	205,460	-165,033	-7,330	-159,672	-192,544	-202,330	-178,979	-279,433	-254,486	-217,038	-88,279	62,501	52,388	25,404	-90,865	-198,998	-173,781	-100,707	-100,498	-64,186	-115,471	-156,744	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-39,001	7,381	-4,067	-5,726	-9,193	-14,567	-16,772	-8,891	-8,570	-4,214	-7,889	-10,932	-12,551	-18,245	-12,059	-25,439	-15,683	-21,711	-33,948	-27,690	-30,318	-21,659	-9,388	2,835	-1,382	-4,035	-4,572	-3,434	-3,518	1,204	1,450	-3,955	648	-373	389	3,551	1,312	-412	0	0	0
Net change in cash, cash equivalents and restricted cash
-48,745	-24,577	-4,770,405	132,397	191,853	280,476	4,958,457	-168,963	5,209	44,054	-182,728	-48,606	-228,810	142,004	226,454	162,738	85,188	-296,585	-132,560	50,401	175,105	73,068	61,687	-39,044	-31,462	81,083	245,968	261,260	223,520	236,143	-10,102	-18,794	-35,444	-43,053	-7,602	12,879	22,152	51,197	0	0	0
Supplemental Disclosures:
Interest paid, net of amounts capitalized
126,988	133,739	147,828	113,638	145,851	117,581	98,829	97,823	50,086	55,440	54,053	57,644	55,437	50,576	48,897	47,904	47,792	46,760	62,570	46,224	45,770	46,106	26,818	50,919	46,031	48,165	47,265	42,204	41,287	41,315	37,694	42,253	45,216	49,365	54,476	54,651	53,989	54,087	0	0	0
Income taxes paid
125,482	126,172	128,285	132,240	124,525	116,138	116,706	114,237	112,286	107,390	105,204	106,141	104,057	107,898	111,617	109,382	105,984	102,734	100,247	92,674	94,040	92,087	96,311	112,765	136,304	138,940	126,461	226,522	198,548	184,592	191,381	79,377	74,809	87,785	85,096	78,229	78,980	70,807	0	0	0
Noncash investing activities:
Accrued capital expenditures
44,238	39,466	31,423	33,464	29,217	33,844	42,749	43,127	50,991	37,556	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-