International Flavors & Fragrances Inc
NYSE:IFF
Income Statement
Earnings Waterfall
International Flavors & Fragrances Inc
Revenue
|
11.5B
USD
|
Cost of Revenue
|
-7.8B
USD
|
Gross Profit
|
3.7B
USD
|
Operating Expenses
|
-3.1B
USD
|
Operating Income
|
578m
USD
|
Other Expenses
|
-3.1B
USD
|
Net Income
|
-2.6B
USD
|
Income Statement
International Flavors & Fragrances Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 953
N/A
|
2 995
+1%
|
3 026
+1%
|
3 058
+1%
|
3 089
+1%
|
3 093
+0%
|
3 072
-1%
|
3 064
0%
|
3 023
-1%
|
3 032
+0%
|
3 058
+1%
|
3 069
+0%
|
3 116
+2%
|
3 161
+1%
|
3 211
+2%
|
3 307
+3%
|
3 399
+3%
|
3 501
+3%
|
3 578
+2%
|
3 613
+1%
|
3 978
+10%
|
4 344
+9%
|
4 716
+9%
|
5 075
+8%
|
5 140
+1%
|
5 190
+1%
|
5 097
-2%
|
5 098
+0%
|
5 084
0%
|
6 202
+22%
|
8 092
+30%
|
9 895
+22%
|
11 656
+18%
|
12 417
+7%
|
12 635
+2%
|
12 627
0%
|
12 440
-1%
|
12 241
-2%
|
11 863
-3%
|
11 620
-2%
|
11 479
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 669)
|
(1 681)
|
(1 693)
|
(1 710)
|
(1 726)
|
(1 726)
|
(1 713)
|
(1 697)
|
(1 672)
|
(1 666)
|
(1 671)
|
(1 684)
|
(1 721)
|
(1 763)
|
(1 805)
|
(1 867)
|
(1 926)
|
(1 986)
|
(2 038)
|
(2 052)
|
(2 295)
|
(2 536)
|
(2 760)
|
(2 987)
|
(3 027)
|
(3 043)
|
(3 014)
|
(3 024)
|
(2 998)
|
(3 928)
|
(5 390)
|
(6 627)
|
(7 921)
|
(8 291)
|
(8 283)
|
(8 364)
|
(8 289)
|
(8 271)
|
(8 096)
|
(7 930)
|
(7 798)
|
|
Gross Profit |
1 284
N/A
|
1 314
+2%
|
1 333
+1%
|
1 348
+1%
|
1 362
+1%
|
1 367
+0%
|
1 359
-1%
|
1 366
+1%
|
1 352
-1%
|
1 366
+1%
|
1 386
+2%
|
1 385
0%
|
1 396
+1%
|
1 398
+0%
|
1 406
+1%
|
1 440
+2%
|
1 472
+2%
|
1 515
+3%
|
1 541
+2%
|
1 561
+1%
|
1 683
+8%
|
1 808
+7%
|
1 956
+8%
|
2 088
+7%
|
2 113
+1%
|
2 147
+2%
|
2 083
-3%
|
2 074
0%
|
2 086
+1%
|
2 274
+9%
|
2 702
+19%
|
3 268
+21%
|
3 735
+14%
|
4 126
+10%
|
4 352
+5%
|
4 263
-2%
|
4 151
-3%
|
3 970
-4%
|
3 767
-5%
|
3 690
-2%
|
3 681
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(766)
|
(777)
|
(787)
|
(790)
|
(769)
|
(768)
|
(765)
|
(768)
|
(755)
|
(764)
|
(769)
|
(801)
|
(855)
|
(885)
|
(905)
|
(911)
|
(900)
|
(908)
|
(929)
|
(943)
|
(1 094)
|
(1 216)
|
(1 317)
|
(1 419)
|
(1 416)
|
(1 428)
|
(1 445)
|
(1 473)
|
(1 499)
|
(1 881)
|
(2 296)
|
(2 711)
|
(3 110)
|
(3 166)
|
(3 188)
|
(3 141)
|
(3 098)
|
(3 082)
|
(3 062)
|
(3 093)
|
(3 103)
|
|
Selling, General & Administrative |
(506)
|
(515)
|
(523)
|
(528)
|
(515)
|
(512)
|
(513)
|
(518)
|
(510)
|
(512)
|
(511)
|
(535)
|
(573)
|
(593)
|
(599)
|
(593)
|
(570)
|
(569)
|
(587)
|
(599)
|
(707)
|
(778)
|
(831)
|
(884)
|
(876)
|
(893)
|
(913)
|
(937)
|
(949)
|
(1 170)
|
(1 352)
|
(1 553)
|
(1 749)
|
(1 757)
|
(1 801)
|
(1 778)
|
(1 768)
|
(1 763)
|
(1 752)
|
(1 783)
|
(1 787)
|
|
Research & Development |
(260)
|
(262)
|
(264)
|
(262)
|
(254)
|
(256)
|
(252)
|
(251)
|
(246)
|
(246)
|
(247)
|
(249)
|
(259)
|
(268)
|
(277)
|
(287)
|
(295)
|
(302)
|
(304)
|
(305)
|
(312)
|
(324)
|
(334)
|
(344)
|
(346)
|
(341)
|
(338)
|
(342)
|
(357)
|
(414)
|
(497)
|
(563)
|
(629)
|
(643)
|
(637)
|
(626)
|
(603)
|
(607)
|
(610)
|
(622)
|
(636)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(11)
|
(17)
|
(24)
|
(25)
|
(28)
|
(32)
|
(35)
|
(37)
|
(38)
|
(38)
|
(76)
|
(114)
|
(153)
|
(192)
|
(193)
|
(194)
|
(195)
|
(194)
|
(193)
|
(296)
|
(447)
|
(595)
|
(732)
|
(766)
|
(750)
|
(737)
|
(727)
|
(712)
|
(700)
|
(688)
|
(680)
|
|
Operating Income |
518
N/A
|
537
+4%
|
546
+2%
|
558
+2%
|
593
+6%
|
600
+1%
|
595
-1%
|
598
+1%
|
596
0%
|
601
+1%
|
617
+3%
|
585
-5%
|
540
-8%
|
513
-5%
|
501
-2%
|
529
+6%
|
573
+8%
|
608
+6%
|
612
+1%
|
619
+1%
|
588
-5%
|
592
+1%
|
639
+8%
|
669
+5%
|
697
+4%
|
720
+3%
|
638
-11%
|
601
-6%
|
587
-2%
|
394
-33%
|
406
+3%
|
557
+37%
|
625
+12%
|
960
+54%
|
1 164
+21%
|
1 122
-4%
|
1 053
-6%
|
888
-16%
|
705
-21%
|
597
-15%
|
578
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(47)
|
(47)
|
(46)
|
(45)
|
(72)
|
(36)
|
(35)
|
(38)
|
(37)
|
(44)
|
(56)
|
(59)
|
(26)
|
(42)
|
(39)
|
(37)
|
(75)
|
(73)
|
(90)
|
(89)
|
(118)
|
(134)
|
(125)
|
(140)
|
(138)
|
(140)
|
(136)
|
(141)
|
(132)
|
(157)
|
(210)
|
(249)
|
(289)
|
(296)
|
(296)
|
(305)
|
(336)
|
(375)
|
(414)
|
(441)
|
(452)
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(8)
|
(5)
|
(8)
|
(8)
|
13
|
(3)
|
(1)
|
(5)
|
(20)
|
(10)
|
(12)
|
(47)
|
(43)
|
(58)
|
(59)
|
(25)
|
(32)
|
(22)
|
(21)
|
(19)
|
(21)
|
(19)
|
(41)
|
(44)
|
(40)
|
(38)
|
(139)
|
(2 380)
|
(2 379)
|
(2 424)
|
(2 309)
|
(66)
|
(2 689)
|
|
Total Other Income |
16
|
13
|
7
|
3
|
28
|
0
|
(5)
|
(6)
|
(12)
|
(15)
|
(1)
|
5
|
(3)
|
39
|
36
|
38
|
60
|
33
|
27
|
14
|
21
|
23
|
17
|
23
|
30
|
19
|
29
|
17
|
7
|
17
|
20
|
56
|
58
|
67
|
50
|
57
|
37
|
15
|
42
|
28
|
45
|
|
Pre-Tax Income |
485
N/A
|
501
+3%
|
506
+1%
|
515
+2%
|
549
+7%
|
563
+2%
|
553
-2%
|
554
+0%
|
539
-3%
|
538
0%
|
553
+3%
|
523
-5%
|
524
+0%
|
507
-3%
|
497
-2%
|
525
+6%
|
537
+2%
|
557
+4%
|
537
-4%
|
497
-8%
|
448
-10%
|
424
-5%
|
471
+11%
|
527
+12%
|
557
+6%
|
576
+3%
|
510
-12%
|
459
-10%
|
441
-4%
|
234
-47%
|
175
-25%
|
319
+83%
|
354
+11%
|
693
+96%
|
779
+12%
|
(1 506)
N/A
|
(1 625)
-8%
|
(1 896)
-17%
|
(1 976)
-4%
|
118
N/A
|
(2 518)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(132)
|
(131)
|
(129)
|
(129)
|
(135)
|
(127)
|
(122)
|
(124)
|
(120)
|
(128)
|
(132)
|
(119)
|
(119)
|
(105)
|
(102)
|
(110)
|
(102)
|
(108)
|
(99)
|
(81)
|
(75)
|
(70)
|
(78)
|
(92)
|
(97)
|
(100)
|
(85)
|
(78)
|
(74)
|
(34)
|
(32)
|
(66)
|
(75)
|
(128)
|
(135)
|
(242)
|
(239)
|
(222)
|
(224)
|
(96)
|
(45)
|
|
Income from Continuing Operations |
354
|
370
|
378
|
386
|
415
|
436
|
431
|
430
|
419
|
410
|
421
|
404
|
405
|
402
|
395
|
416
|
435
|
449
|
438
|
416
|
373
|
354
|
394
|
436
|
460
|
476
|
425
|
381
|
367
|
200
|
143
|
254
|
279
|
565
|
644
|
(1 748)
|
(1 864)
|
(2 118)
|
(2 200)
|
22
|
(2 563)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(8)
|
(10)
|
(13)
|
(4)
|
(5)
|
(3)
|
(2)
|
(4)
|
(4)
|
(4)
|
(6)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(6)
|
(4)
|
(4)
|
(4)
|
|
Net Income (Common) |
351
N/A
|
367
+5%
|
375
+2%
|
384
+2%
|
412
+7%
|
434
+5%
|
429
-1%
|
428
0%
|
417
-3%
|
408
-2%
|
419
+3%
|
403
-4%
|
404
+0%
|
402
-1%
|
394
-2%
|
415
+5%
|
295
-29%
|
308
+5%
|
298
-3%
|
283
-5%
|
333
+18%
|
313
-6%
|
350
+12%
|
383
+9%
|
453
+18%
|
474
+5%
|
414
-13%
|
370
-11%
|
360
-3%
|
187
-48%
|
140
-25%
|
249
+78%
|
268
+8%
|
555
+107%
|
635
+14%
|
(1 754)
N/A
|
(1 868)
-6%
|
(2 121)
-14%
|
(2 204)
-4%
|
17
N/A
|
(2 565)
N/A
|
|
EPS (Diluted) |
4.29
N/A
|
4.49
+5%
|
4.56
+2%
|
4.71
+3%
|
5.08
+8%
|
5.33
+5%
|
5.27
-1%
|
5.3
+1%
|
5.16
-3%
|
5.08
-2%
|
5.19
+2%
|
5.03
-3%
|
5.05
+0%
|
5.05
N/A
|
4.97
-2%
|
5.22
+5%
|
3.73
-29%
|
3.88
+4%
|
3.75
-3%
|
3.46
-8%
|
3.78
+9%
|
2.76
-27%
|
3.1
+12%
|
3.37
+9%
|
4
+19%
|
4.18
+4%
|
3.6
-14%
|
3.26
-9%
|
3.17
-3%
|
0.9
-72%
|
0.54
-40%
|
0.97
+80%
|
1.1
+13%
|
2.18
+98%
|
2.5
+15%
|
-6.87
N/A
|
-7.33
-7%
|
-8.32
-14%
|
-8.65
-4%
|
0.06
N/A
|
-10.06
N/A
|