IFF FY 2006 Earnings Report — International Flavors & Fragrances Inc. Revenue & Financial Results | Market Cap Arena

International Flavors & Fragrances Inc.IFF

FY 2006 Earnings

Reported February 22, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$2.1B	—	—	—	—
Op. Income	$329M	—	—	—	—
Gross Margin	42.2%	—	—	—	—
Net Margin	10.8%	—	—	—	—
EPS (Diluted)	$2.48	—	—	—	—
Free Cash Flow	$223M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.2B
GROSS PROFIT	$884M
R&D Expenses	$186M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$352M
Other Expenses	$18M
Operating Expenses	$555M
Cost & Expenses	$1.8B
OPERATING INCOME	$329M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$313M
Income Tax Expense	$87M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$227M
D&A	$90M
EBIT	$332M
EBITDA	$421M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.2B
GROSS PROFIT	$884M
R&D Expenses	$186M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$352M
Other Expenses	$18M
Operating Expenses	$555M
Cost & Expenses	$1.8B
OPERATING INCOME	$329M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$313M
Income Tax Expense	$87M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$227M
D&A	$90M
EBIT	$332M
EBITDA	$421M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$227M
Depreciation & Amortization	$90M
Stock-Based Compensation	$18M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$23M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$282M
Capital Expenditure	-$58M
Acquisitions (Net)	$0
Purchases of Investments	-$240.0K
Sales/Maturities of Investments	$0
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	-$173M
Common Stock Repurchased	-$271M
Common Dividends Paid	-$67M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$397M
FREE CASH FLOW	$223M
Net Change in Cash	-$158M

Balance Sheet

Item	Amount
Cash & Equivalents	$115M
Short-Term Investments	$604.0K
Net Receivables	$405M
Inventory	$447M
Other Current Assets	$89M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$495M
Goodwill	$666M
Intangible Assets	$80M
Long-Term Investments	$0
Tax Assets	$82M
Other Non-Current Assets	$76M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.5B
Account Payables	$112M
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	$247M
TOTAL CURRENT LIABILITIES	$447M
Long-Term Debt	$791M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$336M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$14M
Additional Paid-In Capital	$97M
Retained Earnings	$1.9B
Treasury Stock	-$919M
Accum. Other Comp. Income	-$197M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$905M
Minority Interest	$0
TOTAL EQUITY	$905M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$807M
Net Debt	$693M