INTERNATIONAL FLAVORS & FRAGRANCES INC IFFT Income Statement

International flavors & fragrances inc (IFFT)

Income statement / 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	Sep'09	Jun'09
Net sales
5,189	5,140	5,075	4,715	4,344	3,977	3,613	3,578	3,501	3,398	3,306	3,210	3,161	3,116	3,069	3,057	3,031	3,023	3,063	3,072	3,093	3,088	3,057	3,026	2,995	2,952	2,908	2,874	2,838	2,821	2,785	2,790	2,784	2,788	2,773	2,733	2,683	2,622	2,605	2,500	0	0	0
Cost of goods sold
3,042	3,027	2,987	2,759	2,535	2,294	2,051	2,037	1,986	1,926	1,866	1,804	1,762	1,720	1,684	1,671	1,666	1,671	1,697	1,712	1,726	1,726	1,709	1,693	1,681	1,668	1,650	1,641	1,637	1,645	1,652	1,680	1,691	1,683	1,660	1,613	1,563	1,530	1,516	1,468	0	0	0
Gross profit
2,147	2,112	2,088	1,955	1,808	1,682	1,561	1,540	1,515	1,472	1,439	1,405	1,398	1,395	1,385	1,386	1,365	1,351	1,366	1,359	1,367	1,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research and development expenses
341	346	343	333	323	311	305	303	301	295	286	277	267	258	248	246	246	246	250	251	255	253	262	264	262	259	251	243	235	233	223	219	219	219	224	223	223	218	211	202	0	0	0
Selling and administrative expenses
892	876	883	830	777	707	599	587	569	570	592	599	592	572	530	500	499	494	499	500	502	507	528	523	514	505	483	474	462	453	462	449	442	443	420	432	446	447	437	424	0	0	0
Amortization of acquisition-related intangibles
193	193	192	152	114	75	38	37	36	34	31	28	24	23	21	21	19	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges, net
18	29	24	21	20	5	8	10	10	19	12	9	8	-1	7	7	7	7	0	0	1	1	0	0	2	2	2	2	0	1	11	10	14	13	4	7	5	10	19	21	0	0	0
Losses (gains) on sales of fixed assets
-3	-2	-0	1	1	1	0	-1	0	0	7	8	8	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit
697	665	643	618	572	583	610	600	597	552	524	500	513	552	580	612	596	588	597	593	598	592	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
133	138	141	131	152	132	109	104	69	65	61	55	53	52	52	51	47	46	46	45	45	46	45	45	47	46	46	44	42	41	42	42	43	44	45	47	47	48	50	52	0	0	0
Loss on extinguishment of debt
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loss (income), net
12	30	24	23	41	35	34	41	29	49	62	53	47	23	-4	-8	-11	-3	2	4	9	2	3	6	13	15	16	9	-0	-1	2	-1	-3	-9	-14	-10	-11	-8	-6	-6	0	0	0
Total cost and expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,263	2,242	2,175	0	0	0
Income before taxes
576	557	527	471	423	447	496	537	557	537	525	497	507	523	523	552	537	539	553	553	562	549	514	506	500	485	490	478	460	443	395	385	368	373	403	397	386	359	363	324	0	0	0
Taxes on income
100	97	131	109	101	107	212	238	248	241	109	102	105	118	118	131	127	119	123	121	126	134	128	128	131	131	130	201	196	189	184	109	104	106	105	104	102	96	102	93	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
476	460	390	356	319	337	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
4	4	10	7	4	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to IFF stockholders
0	-	392	361	0	-	284	298	309	-	415	395	402	405	404	420	409	419	430	431	436	414	385	377	369	353	360	277	263	254	210	276	263	266	298	292	283	263	260	231	0	0	0
Other comprehensive (loss) income, after tax:
Foreign currency translation adjustments
-470	23	-178	-0	-72	-99	-73	-25	72	54	-27	-53	-71	-54	-39	-81	-59	-124	-123	-100	-110	-69	-26	4	-20	-10	4	24	-10	17	-14	-99	-36	-36	-32	68	33	-6	11	12	0	0	0
Gains (losses) on derivatives qualifying as hedges
-1	-2	5	5	15	15	11	5	-16	-17	-10	-5	6	-1	-5	-18	-25	-2	2	20	28	16	8	0	-3	-3	-7	-9	-3	-4	2	12	9	8	8	-2	-3	-1	-6	-1	0	0	0
Pension and postretirement net liability
35	35	-19	-19	-19	-19	-2	-4	-4	-5	6	8	9	10	-45	-48	-51	-54	91	92	93	95	-22	-23	-24	-25	39	40	40	41	63	65	64	71	-13	-9	-2	-3	6	5	0	0	0
Net current period other comprehensive income (loss)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-
Comprehensive (loss) income attributable to IFF stockholders
-35	441	232	378	279	272	225	282	370	338	370	327	327	338	404	368	375	346	217	258	260	266	390	406	370	364	318	253	208	225	129	118	166	166	282	366	317	259	272	248	0	0	0
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	112	111	111	111	110	81	79	79	79	79	79	79	79	79	79	79	80	80	80	80	-	80	80	81	-	81	81	81	-	81	81	80	-	80	80	80	-	79	79	78	78	78
Average number of shares outstanding - diluted (in shares)
113	113	113	112	113	112	81	79	79	79	79	79	79	79	79	80	80	80	80	81	81	-	81	81	81	-	82	82	82	-	81	81	81	-	81	81	81	-	80	80	79	79	79
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