International flavors & fragrances inc (IFFT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Net sales

1,347,317

1,283,769

1,267,345

1,291,568

1,297,402

1,219,047

907,548

920,016

930,928

854,625

872,940

842,861

828,293

762,559

777,001

793,478

783,312

715,649

765,092

767,541

774,907

756,082

773,813

788,414

770,224

725,169

742,256

757,635

727,836

680,558

708,955

721,317

710,616

644,383

713,775

715,589

714,271

629,870

673,283

665,800

653,909

612,634

568,261

Cost of goods sold

781,450

781,607

734,257

745,329

766,143

741,532

506,882

521,299

525,119

498,627

492,542

469,877

465,210

439,114

430,733

427,837

423,103

402,493

417,966

422,501

428,630

428,102

433,702

435,767

428,812

411,714

416,852

423,649

416,476

393,490

407,431

419,774

425,217

399,985

435,400

431,166

416,811

377,524

388,235

380,799

383,702

363,780

340,347

Gross profit

565,867

502,162

533,088

546,239

531,259

477,515

400,666

398,717

405,809

355,998

380,398

372,984

363,083

323,445

346,268

365,641

360,209

313,156

347,126

345,040

346,277

327,980

340,111

352,647

341,412

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development expenses

85,909

85,639

85,077

84,816

90,596

83,038

75,302

74,767

78,476

76,820

73,762

72,761

72,126

67,811

64,415

63,252

63,385

57,375

62,750

62,514

63,462

62,004

63,701

66,431

61,504

70,411

65,654

64,672

59,101

62,247

57,658

56,400

57,408

52,459

53,637

56,229

57,456

57,083

53,214

55,844

52,631

49,392

44,248

Selling and administrative expenses

229,714

242,010

210,829

210,100

213,182

249,614

157,796

157,407

142,644

141,469

145,652

139,319

143,704

164,145

152,046

132,784

123,543

122,250

122,249

131,023

118,995

127,699

123,212

132,919

123,733

148,190

118,221

124,813

114,653

125,593

109,691

112,835

105,416

134,348

96,783

106,224

106,619

110,905

108,955

119,523

108,009

101,199

96,032

Amortization of acquisition-related intangibles

48,400

49,161

48,430

47,909

47,600

48,128

9,003

9,584

9,185

10,374

8,766

8,494

7,066

7,104

5,468

5,130

6,061

4,826

5,414

3,000

1,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other charges, net

4,918

7,350

3,716

2,525

16,174

2,249

927

1,186

717

5,528

3,249

791

10,143

-1,700

0

0

0

7,765

0

-358

187

386

608

182

122

46

0

2,105

0

0

0

0

1,668

9,804

-645

3,985

28

891

2,355

1,843

4,988

10,500

4,104

Losses (gains) on sales of fixed assets

-754

-1,231

-372

-952

188

742

1,630

-1,264

69

64

31

68

21

7,839

87

197

2,713

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating profit

196,222

116,799

184,664

199,937

163,870

95,249

159,268

154,509

174,856

121,878

149,000

151,687

130,065

93,924

124,426

164,672

169,933

121,020

156,713

148,821

161,793

130,563

152,590

153,115

156,053

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

32,140

35,559

33,497

32,593

36,572

38,803

23,914

53,246

16,595

15,779

19,221

17,556

12,807

12,340

13,111

15,060

12,478

11,705

11,855

11,407

11,095

12,019

10,968

11,403

11,677

11,130

11,625

12,860

11,152

10,422

9,907

10,613

10,811

10,670

10,280

12,009

11,680

11,678

12,244

12,051

12,736

13,503

14,047

Loss on extinguishment of debt

-

-

0

-

-

-

-38,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other loss (income), net

-10,574

15,289

5,699

2,137

7,278

9,854

4,158

20,655

576

9,093

11,547

7,909

21,229

21,797

2,075

2,438

-2,559

-6,499

-1,959

-436

5,710

-954

563

4,641

-1,443

-720

4,080

11,209

1,069

-117

-2,424

845

246

3,413

-5,846

-1,055

-6,056

-1,093

-2,097

-2,107

-2,762

24

-1,569

Total cost and expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

559,174

567,100

572,167

564,828

538,350

500,347

Income before taxes

153,508

96,529

156,866

169,481

134,576

66,300

100,702

121,918

158,837

115,192

141,326

142,040

138,487

103,381

113,390

152,050

154,896

102,816

142,899

136,978

156,408

117,590

142,185

146,353

142,933

82,958

133,984

140,745

127,523

88,689

121,844

122,540

110,342

40,530

112,474

104,921

115,621

70,696

106,183

93,633

89,081

74,284

67,914

Taxes on income

26,297

16,151

27,059

30,612

23,362

50,800

4,986

22,769

29,421

155,347

31,065

32,245

22,723

23,463

23,613

35,317

36,293

23,648

36,452

31,604

28,150

27,454

34,770

36,068

36,226

21,479

34,938

38,423

36,826

20,570

105,481

33,944

29,286

16,136

30,233

28,733

31,578

15,118

29,145

26,481

25,292

21,484

19,831

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

127,211

82,870

129,807

136,377

111,214

13,021

95,716

99,149

129,416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to noncontrolling interests

2,604

-3,165

2,683

2,492

2,385

2,479

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to IFF stockholders

124,607

-

127,124

138,869

108,829

-

95,716

99,149

129,416

-

110,261

109,795

115,764

79,918

89,777

116,733

118,603

79,168

106,447

105,374

128,258

90,136

107,415

110,285

106,707

61,479

99,046

102,322

90,697

68,119

16,363

88,596

81,056

24,394

82,241

76,188

84,043

55,578

77,038

67,152

63,789

52,800

48,083

Other comprehensive (loss) income, after tax:
Foreign currency translation adjustments

-452,278

200,443

-204,853

-14,014

42,377

-1,532

-27,587

-85,264

14,803

24,800

19,719

13,347

-3,257

-57,724

-6,191

-4,689

14,078

-42,831

-48,368

17,557

-50,515

-42,192

-25,046

7,570

-9,396

562

5,707

-17,051

226

15,517

26,228

-52,707

28,649

-16,733

-58,741

10,085

28,808

-12,379

42,055

-24,820

-11,076

5,161

43,393

Gains (losses) on derivatives qualifying as hedges

1,447

-5,935

2,939

415

-97

2,731

2,421

10,455

-529

-403

-4,014

-11,768

-1,751

7,327

268

800

-10,192

3,411

-12,498

-5,966

12,083

8,577

5,748

1,598

460

367

-1,859

-2,174

-128

-2,949

-3,940

3,138

-704

4,448

5,403

617

-2,048

4,593

-5,848

-473

286

-853

-385

Pension and postretirement net liability

-3,517

43,850

-2,721

-2,594

-2,593

-11,679

-2,559

-2,890

-2,629

5,228

-3,845

-3,688

-3,635

18,051

-2,586

-2,578

-2,555

-37,616

-5,478

-5,476

-5,547

107,754

-3,951

-4,400

-4,365

-9,918

-5,126

-5,088

-5,132

54,497

-4,178

-4,350

-4,421

76,823

-2,670

-5,033

2,677

-8,761

2,025

1,659

1,792

1,446

451

Net current period other comprehensive income (loss)

-447,314

-

-199,193

-11,005

44,873

-

-22,607

-71,919

16,903

-

19,550

5,267

-1,373

-

-3,337

-1,311

6,441

-

-55,388

17,067

-32,885

-

-15,347

13,568

-4,571

-

8,974

-14,137

5,230

-

26,466

-45,219

32,366

-

-50,668

15,735

29,437

-

-

-

-

-

-

Comprehensive (loss) income attributable to IFF stockholders

-322,707

234,201

-72,069

125,372

153,702

25,899

73,109

27,230

146,319

-20,986

129,811

115,062

114,391

11,470

86,440

115,422

125,044

77,364

51,059

122,441

95,373

-51,233

92,068

123,853

102,136

72,326

108,020

88,185

95,927

26,190

42,829

43,377

113,422

-70,068

31,573

91,923

113,480

45,601

115,270

43,518

54,791

58,554

91,542

Net income per share - basic (in dollars per share)

1.16

0.72

1.15

1.21

0.97

-0.25

1.18

1.25

1.63

-0.51

1.39

1.39

1.46

1.00

1.13

1.46

1.48

0.99

1.32

1.30

1.58

1.11

1.32

1.35

1.31

0.75

1.21

1.25

1.11

0.82

0.20

1.09

1.00

0.31

1.01

0.94

1.04

0.69

0.96

0.84

0.80

0.67

0.61

Net income per share - diluted (in dollars per share)

1.15

0.71

1.13

1.20

0.96

-0.26

1.17

1.25

1.63

-0.50

1.39

1.38

1.45

1.00

1.12

1.46

1.47

0.99

1.31

1.29

1.57

1.10

1.31

1.35

1.30

0.75

1.20

1.24

1.10

0.82

0.20

1.08

0.99

0.30

1.00

0.93

1.03

0.68

0.95

0.83

0.80

0.66

0.60

Average number of shares outstanding - basic (in shares)

112,082

112,006

111,998

111,996

111,864

110,858

81,263

79,065

79,018

79,047

79,063

79,072

79,098

79,582

79,580

79,764

79,666

80,022

80,330

80,790

80,654

-

80,942

80,949

81,053

-

81,437

81,309

81,291

-

81,246

81,095

80,777

-

80,644

80,451

80,049

-

79,357

79,188

78,767

78,491

78,352

Average number of shares outstanding - diluted (in shares)

113,594

113,474

113,493

112,872

113,389

112,141

81,647

79,303

79,393

79,404

79,362

79,305

79,409

79,894

79,935

80,040

80,055

80,440

80,737

81,192

81,195

-

81,508

81,430

81,732

-

82,043

82,041

82,024

-

81,898

81,782

81,667

-

81,628

81,489

81,150

-

80,266

80,111

79,692

79,159

79,050

Dividends declared per share, in dollars per share

-

-

-

-

-

-

-

-

-

-

0.69

0.64

0.64

-

0.64

0.56

0.56

0.56

0.56

0.47

0.47

-

0.47

0.39

0.39

-

0.39

0.34

0.34

-

0.34

0.31

0.31

-

0.31

0.27

0.27

-

0.27

0.25

0.25

0.25

0.25