← INTERNATIONAL FLAVORS & FRAGRANCES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $405.0m | $295.7m | $339.8m | — | — | — | — | — | — | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | $337.3m | $455.9m | $363.2m | $270.0m | ($1.9b) | ($2.6b) | $243.0m | ($361.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $338.9m | $460.3m | $367.4m | $279.0m | ($1.9b) | ($2.6b) | $247.0m | ($359.0m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $2.5m | $4.4m | $4.1m | $9.0m | $7.0m | $4.0m | $4.0m | $2.0m | |
| Depreciation, Depletion and Amortization | $102.5m | $118.0m | $173.8m | $323.3m | $325.4m | $1.2b | $1.2b | $1.1b | $1.0b | $962.0m | |
| Amortization of Intangible Assets | $23.8m | $34.7m | $75.9m | $193.1m | $192.6m | $732.0m | $727.0m | $680.0m | $610.0m | $568.0m | |
| Depreciation | $78.6m | $83.4m | $89.1m | $130.2m | $130.7m | $424.0m | $452.0m | $462.0m | $405.0m | $394.0m | |
| Other Depreciation and Amortization | — | — | — | — | — | $1.2b | $1.2b | $1.1b | — | — | |
| Deferred Income Tax Expense (Benefit) | $14.3m | $58.9m | $19.4m | ($59.3m) | ($67.7m) | ($236.0m) | ($237.0m) | ($369.0m) | ($304.0m) | ($270.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $24.6m | $26.6m | $29.4m | $34.5m | $35.8m | $54.0m | $49.0m | $65.0m | $77.0m | $88.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $21.0m | $13.0m | $16.0m | $24.0m | |
| Share-based Payment Arrangement, Expense | $28.5m | $32.6m | $31.9m | $38.6m | $39.7m | $62.0m | $51.0m | $67.0m | $79.0m | $89.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $2.2b | $2.6b | $64.0m | $1.2b | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $10.8m | $184k | $1.2m | ($2.4m) | ($3.8m) | $1.0m | $3.0m | $3.0m | $11.0m | ($1.0m) | |
| Gain (Loss) on Disposition of Business | — | $12.2m | — | — | — | — | $11.0m | ($23.0m) | $346.0m | ($109.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $10.8m | $184k | $1.2m | ($2.4m) | ($3.8m) | $1.0m | $3.0m | $3.0m | $11.0m | ($1.0m) | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($38.8m) | $0 | $0 | — | — | $0 | $0 | $488.0m | |
| Income Tax Expense (Benefit) | $118.7m | $241.4m | $108.0m | $97.2m | $74.0m | $75.0m | $239.0m | $45.0m | $31.0m | ($53.0m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $305.0m | $229.0m | |
| Other Nonoperating Income (Expense) | $9.3m | $21.0m | $35.2m | $30.4m | $6.7m | $58.0m | $37.0m | ($28.0m) | ($182.0m) | ($65.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $21.5m | $68.9m | $50.0m | ($59.6m) | $61.0m | $169.0m | $117.0m | ($51.0m) | $217.0m | $68.0m | |
| Increase (Decrease) in Inventories | ($15.5m) | $18.9m | $117.6m | $62.1m | ($17.9m) | $363.0m | $893.0m | ($605.0m) | $34.0m | $41.0m | |
| Increase (Decrease) in Accounts Payable | ($7.6m) | $29.1m | $55.1m | $55.5m | $27.9m | $419.0m | ($57.0m) | ($39.0m) | $40.0m | ($57.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $12.2m | $0 | $0 | — | — | — | ($77.0m) | ($91.0m) | ($92.0m) | |
| Gain (Loss) on Sale of Derivatives | — | — | $12.5m | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | ($48.5m) | $56.0m | $0 | $0 | — | — | — | — | — | — | |
| Goodwill | $1.0b | $1.2b | $5.4b | $5.5b | $5.6b | $16.4b | $13.4b | $10.6b | $9.1b | $8.3b | |
| Inventory Write-down | — | — | — | — | — | $0 | $0 | $72.0m | $0 | $0 | |
| Investment Income, Interest | — | — | — | — | — | — | — | $5.0m | $15.0m | $19.0m | |
| Payments of Financing Costs | $5.8m | $5.4m | $33.7m | $0 | $3.2m | $3.0m | $0 | $5.0m | — | — | |
| Pension Cost (Reversal of Cost) | — | ($8.0m) | ($8.0m) | — | — | — | — | — | — | — | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | — | — | — | — | — | $125.0m | ($11.0m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $4.1m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $535.4m | $390.8m | $437.6m | $699.0m | $714.1m | $1.4b | $397.0m | $1.4b | $1.1b | $850.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $126.4m | $129.0m | $170.1m | $236.0m | $191.8m | $393.0m | $504.0m | $503.0m | $463.0m | $594.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $236.8m | $192.3m | $4.9b | $49.1m | $0 | $0 | $110.0m | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($355.5m) | ($299.9m) | ($5.0b) | ($225.9m) | ($187.5m) | ($18.0m) | $745.0m | $574.0m | $326.0m | $2.3b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $555.6m | $498.2m | $3.3b | $0 | $200.0m | $3.0m | $0 | $0 | — | — | |
| Repayments of Long-term Debt | $125.0m | $250.0m | $376.6m | $155.3m | $347.0m | $828.0m | $300.0m | $655.0m | $1.0b | $2.9b | |
| Payments for Repurchase of Common Stock | $127.4m | $58.1m | $15.5m | $0 | $0 | — | — | — | — | $38.0m | |
| Payments of Ordinary Dividends, Common Stock | $184.9m | $206.1m | $230.2m | $313.5m | $322.6m | $667.0m | $810.0m | $826.0m | $514.0m | $409.0m | |
| Dividends Payable, Current | $50.7m | $54.4m | $77.8m | $80.0m | $82.3m | $201.0m | $206.0m | $207.0m | $102.0m | $102.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | ($7.0m) | ($8.0m) | ($10.0m) | ($21.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($19.7m) | ($42.6m) | $4.9b | ($505.1m) | ($511.6m) | ($1.3b) | ($1.2b) | ($1.9b) | ($1.6b) | ($3.1b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($14.6m) | $7.4m | $20.9m | ($59.0m) | ($77.0m) | $21.0m | ($54.0m) | $91.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $280.5m | ($24.6m) | $35.9m | $56.0m | ($164.0m) | $183.0m | ($264.0m) | $119.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $648.5m | $623.9m | $659.9m | $716.0m | $552.0m | $735.0m | $469.0m | $590.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $117.6m | $133.7m | $127.6m | $310.0m | $310.0m | $370.0m | $308.0m | $229.0m | |
| Income Taxes Paid, Net | ($13.4m) | ($11.8m) | ($9.7m) | ($10.8m) | $132.8m | $289.0m | $329.0m | $578.0m | $370.0m | $329.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.