IFF FY 2016 Earnings Report — International Flavors & Fragrances Inc. Revenue & Financial Results | Market Cap Arena

International Flavors & Fragrances Inc.IFF

FY 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.1B	—	—	—	—
Op. Income	$553M	—	—	—	—
Gross Margin	44.8%	—	—	—	—
Net Margin	13.0%	—	—	—	—
EPS (Diluted)	$5.05	—	—	—	—
Free Cash Flow	$424M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.4B
R&D Expenses	$259M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$573M
Other Expenses	$11M
Operating Expenses	$843M
Cost & Expenses	$2.6B
OPERATING INCOME	$553M
Interest Income	$0
Interest Expense	$53M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$524M
Income Tax Expense	$119M
Net Income from Continuing Ops	$405M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$405M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$405M
D&A	$102M
EBIT	$577M
EBITDA	$679M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.4B
R&D Expenses	$259M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$573M
Other Expenses	$11M
Operating Expenses	$843M
Cost & Expenses	$2.6B
OPERATING INCOME	$553M
Interest Income	$0
Interest Expense	$53M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$524M
Income Tax Expense	$119M
Net Income from Continuing Ops	$405M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$405M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$405M
D&A	$102M
EBIT	$577M
EBITDA	$679M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$405M
Depreciation & Amortization	$102M
Stock-Based Compensation	$25M
Deferred Income Tax	$14M
Other Non-Cash Items	-$57M
Change in Working Capital	$46M
OPERATING CASH FLOW	$550M
Capital Expenditure	-$126M
Acquisitions (Net)	-$237M
Purchases of Investments	$0
Sales/Maturities of Investments	$637.0K
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$355M
Net Debt Issuance	$294M
Common Stock Repurchased	-$127M
Common Dividends Paid	-$185M
Other Financing Activities	-$22M
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$424M
Net Change in Cash	$142M

Balance Sheet

Item	Amount
Cash & Equivalents	$324M
Short-Term Investments	$0
Net Receivables	$693M
Inventory	$592M
Other Current Assets	-$142M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$776M
Goodwill	$1.0B
Intangible Assets	$366M
Long-Term Investments	$0
Tax Assets	$139M
Other Non-Current Assets	$128M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$4.0B
Account Payables	$275M
Short-Term Debt	$259M
Deferred Revenue	$0
Other Current Liabilities	$129M
TOTAL CURRENT LIABILITIES	$898M
Long-Term Debt	$1.1B
Deferred Revenue NC	$40M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$381M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.4B
Common Stock	$14M
Additional Paid-In Capital	$152M
Retained Earnings	$3.8B
Treasury Stock	-$1.7B
Accum. Other Comp. Income	-$680M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$5M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.3B
Net Debt	$1.0B