International Flavors & Fragrances Inc (IFF) financial statements: income statement, balance sheet and cash flow

International Flavors & Fragrances Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), International Flavors & Fragrances Inc reported revenue of $10.9B (-5.2% year on year) and net income of ($361.0M) (-248.6% year on year).

Income statement

International Flavors & Fragrances Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$10.9B	$11.5B	$11.5B	$12.4B
Cost of Product and Service Sold	$7.0B	$7.4B	$7.8B	$8.3B
Gross profit	$3.9B	$4.1B	$3.7B	$4.2B
Research and development expenses	$694.0M	$671.0M	$636.0M	$603.0M
Selling and administrative expenses	$1.8B	$2.0B	$1.8B	$1.8B
Restructuring and other charges	$70.0M	$29.0M	$68.0M	$12.0M
Amortization of acquisition-related intangibles	$568.0M	$610.0M	$680.0M	$727.0M
Impairment of goodwill	$1.2B	$64.0M	$2.6B	$2.3B
Losses (Gains) on sale of assets	$1.0M	($11.0M)	($3.0M)	($3.0M)
Operating (loss) profit	($382.0M)	$766.0M	($2.1B)	($1.3B)
Interest expense	$229.0M	$305.0M	$380.0M	$336.0M
Gain on extinguishment of debt	($488.0M)	—	—	—
Losses (Gains) on business disposals	$109.0M	($346.0M)	—	—
Loss on assets classified as held for sale	$115.0M	$347.0M	—	—
Other expense, net	$65.0M	$182.0M	$28.0M	($37.0M)
(Loss) income before taxes	($412.0M)	$278.0M	($2.5B)	($1.6B)
Income Tax Expense	($53.0M)	$31.0M	$45.0M	$239.0M
Net (loss) income	($359.0M)	$247.0M	($2.6B)	($1.9B)
Net income attributable to non-controlling interest	$2.0M	$4.0M	$4.0M	$7.0M
Net income available to IFF common shareholders	($361.0M)	$243.0M	($2.6B)	($1.9B)
Foreign currency translation adjustments	$1.2B	($774.0M)	$414.0M	($904.0M)
Gains (losses) on derivatives qualifying as hedges	($2.0M)	($3.0M)	$0	$0
Pension and postretirement liability adjustment	($54.0M)	$146.0M	($112.0M)	$158.0M
Net current period other comprehensive income (loss)	$1.1B	($631.0M)	$302.0M	($746.0M)
Comprehensive income (loss)	$738.0M	($384.0M)	($2.3B)	($2.6B)
Comprehensive income (loss) attributable to IFF shareholders	$736.0M	($388.0M)	($2.3B)	($2.6B)
Net income per share - basic (in dollars per share)	-$1.41	$0.95	-$10.05	-$7.32
Net income per share - diluted (in dollars per share)	-$1.41	$0.95	-$10.05	-$7.32
Average number of shares outstanding - basic (in shares)	256.0M	256.0M	255.0M	255.0M
Average number of shares outstanding - diluted (in shares)	256.0M	256.0M	255.0M	255.0M

International Flavors & Fragrances Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$2.0B	$2.7B	$2.7B	$2.8B
Cost of sales	$1.1B	$1.7B	$1.7B	$1.7B
Gross profit	$853.0M	$1.0B	$983.0M	$1.0B
Research and development expenses	$170.0M	$166.0M	$174.0M	$182.0M
Selling and administrative expenses	$437.0M	$427.0M	$421.0M	$483.0M
Amortization of acquisition-related intangibles	$82.0M	$146.0M	$146.0M	$145.0M
Impairment of goodwill	$0	$0	$0	$0
Restructuring and other charges	$6.0M	$6.0M	$16.0M	$21.0M
Gain (Loss) on Disposition of Assets	$0	—	$0	($1.0M)
Operating profit (loss)	$158.0M	$273.0M	$226.0M	$198.0M
Interest expense	$46.0M	$44.0M	$48.0M	$61.0M
Gain on extinguishment of debt	$0	—	$0	($488.0M)
Losses on business disposals	$1.0M	($7.0M)	$0	$81.0M
Impairment of assets to be disposed of	$27.0M	—	$108.0M	$0
Other expense, net	$20.0M	$13.0M	$14.0M	$10.0M
Income from continuing operations before taxes	$64.0M	$209.0M	$56.0M	$534.0M
Provision (benefit) for income taxes	$31.0M	$39.0M	$15.0M	($78.0M)
Net income from continuing operations	$33.0M	—	—	—
Income (loss) from discontinued operations before tax	$31.0M	—	—	—
Provision for income taxes from discontinued operations	$13.0M	—	—	—
Net income (loss) from discontinued operations, net of tax	$18.0M	—	—	—
Net income (loss)	$51.0M	$170.0M	$41.0M	$612.0M
Net income attributable to non-controlling interests from continuing operations	$0	—	—	—
Net income attributable to non-controlling interests from discontinued operations	$1.0M	—	—	—
Net income (loss) attributable to IFF shareholders	$50.0M	$169.0M	$40.0M	$612.0M
Net income (loss) per share - basic (in dollars per share)	$0.20	$0.66	$0.16	$2.39
Continuing operations (in dollars per share)	$0.13	—	—	—
Discontinued operations (in dollars per share)	$0.07	—	—	—
Net income (loss) per share - diluted (in dollars per share)	$0.20	$0.66	$0.16	$2.38
Average number of shares outstanding - basic (in shares)	255.0M	256.0M	256.0M	256.0M
Average number of shares outstanding - diluted (in shares)	257.0M	257.0M	257.0M	257.0M
Foreign currency translation adjustments	($77.0M)	($90.0M)	($47.0M)	$758.0M
Gains (losses) on derivatives qualifying as hedges	($1.0M)	$4.0M	$0	$0
Pension and postretirement liability adjustment	$1.0M	$5.0M	($1.0M)	($50.0M)
Other comprehensive income (loss)	($77.0M)	($81.0M)	($48.0M)	$708.0M
Comprehensive income (loss)	($26.0M)	$89.0M	($7.0M)	$1.3B
Comprehensive income attributable to non-controlling interests	$0	$1.0M	$1.0M	$0
Comprehensive income (loss) attributable to IFF shareholders	($26.0M)	$88.0M	($8.0M)	$1.3B

Balance sheet

International Flavors & Fragrances Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash, cash equivalents, and restricted cash	$590.0M	$469.0M	—	—
Receivables, net, current	$1.7B	$1.6B	$1.7B	—
Inventories	$2.2B	$2.1B	$2.5B	$3.2B
Assets held for sale	$151.0M	$3.0B	$506.0M	$1.2B
Prepaid expenses and other current assets	$877.0M	$737.0M	$875.0M	$770.0M
Total Current Assets	$5.6B	$8.0B	$6.3B	$7.4B
Property, plant and equipment, net	$4.0B	$3.7B	$4.2B	$4.2B
Goodwill	$8.3B	$9.1B	$10.6B	$13.4B
Other intangible assets, net	$6.0B	$6.4B	$8.4B	$9.1B
Operating lease right-of-use assets	$579.0M	$573.0M	$689.0M	$636.0M
Other assets	$1.0B	$837.0M	$764.0M	$699.0M
Total Assets	$25.5B	$28.7B	$31.0B	$35.4B
Short-term debt and current portion of long-term debt	$1.3B	$1.4B	$885.0M	$410.0M
Accounts payable	$1.3B	$1.3B	$1.4B	$1.4B
Accrued payroll and bonus	$327.0M	$420.0M	$265.0M	$267.0M
Dividends payable	$102.0M	$102.0M	$207.0M	$206.0M
Liabilities held for sale	$44.0M	$332.0M	$46.0M	$212.0M
Other current liabilities	$919.0M	$783.0M	$977.0M	$1.0B
Total Current Liabilities	$3.9B	$4.3B	$3.8B	$3.7B
Long-term debt	$4.7B	$7.6B	$9.2B	$10.4B
Retirement liabilities	$186.0M	$167.0M	$253.0M	$231.0M
Deferred income taxes	$1.4B	$1.6B	$1.9B	$2.3B
Operating lease liabilities	$533.0M	$534.0M	$642.0M	$565.0M
Other liabilities	$582.0M	$566.0M	$560.0M	$472.0M
Total Other Liabilities	$7.4B	$10.4B	$12.6B	$13.9B
Common stock, value, issued	$35.0M	$35.0M	$35.0M	$35.0M
Capital in excess of par value	$19.9B	$19.9B	$19.9B	$19.8B
Accumulated deficit	($3.4B)	($2.6B)	($2.4B)	$955.0M
Accumulated other comprehensive loss	($1.4B)	($2.5B)	($1.9B)	($2.2B)
Treasury stock, value	($952.0M)	($944.0M)	($963.0M)	($978.0M)
Total Shareholders’ Equity	$14.2B	$13.9B	$14.6B	$17.7B
Non-controlling interest	$32.0M	$35.0M	$31.0M	$30.0M
Total Shareholders’ Equity including non-controlling interest	$14.2B	$13.9B	$14.6B	$17.7B
Total Liabilities and Shareholders’ Equity	$25.5B	$28.7B	$31.0B	$35.4B

International Flavors & Fragrances Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$569.0M	$562.0M	$621.0M	$816.0M
Trade receivables (net of allowances of $20 and $19, respectively)	$1.4B	$1.8B	$1.9B	$1.8B
Inventories	$1.5B	$2.3B	$2.3B	$2.4B
Assets held for sale	$44.0M	—	—	—
Prepaid expenses and other current assets	$706.0M	$795.0M	$911.0M	$940.0M
Current assets of discontinued operations	$4.8B	$0	$152.0M	$0
Total Current Assets	$9.1B	$5.4B	$5.9B	$5.9B
Property, plant and equipment, net	$2.7B	$4.0B	$3.9B	$3.9B
Goodwill	$8.1B	$8.2B	$8.3B	$8.3B
Other intangible assets, net	$3.7B	$5.9B	$6.2B	$6.4B
Operating lease right-of-use assets	$503.0M	$572.0M	$595.0M	$620.0M
Other assets	$1.0B	$1.1B	$982.0M	$955.0M
Non-current assets of discontinued operations	$0	—	—	—
Total Assets	$25.2B	$25.1B	$25.8B	$26.1B
Short-term debt and current portion of long-term debt	$964.0M	$1.1B	$1.3B	$500.0M
Accounts payable	$1.1B	$1.4B	$1.3B	$1.3B
Accrued payroll and bonus	$216.0M	$213.0M	$287.0M	$258.0M
Dividends payable	$102.0M	$102.0M	$102.0M	$102.0M
Liabilities held for sale/ Current liabilities of discontinued operations	$1.2B	$0	$44.0M	$0
Other current liabilities	$891.0M	$881.0M	$1.0B	$975.0M
Total Current Liabilities	$4.4B	$3.6B	$4.1B	$3.2B
Long-term debt	$4.7B	$4.7B	$4.7B	$5.7B
Retirement liabilities	$169.0M	$182.0M	$181.0M	$180.0M
Deferred income taxes	$819.0M	$1.4B	$1.3B	$1.4B
Operating lease liability	$461.0M	$524.0M	$548.0M	$571.0M
Other liabilities	$551.0M	$548.0M	$611.0M	$680.0M
Non-current liabilities of discontinued operations	$0	—	—	—
Total Non-Current Liabilities	$6.7B	$7.3B	$7.4B	$8.5B
Common Stock, Value, Issued	$35.0M	$35.0M	$35.0M	$35.0M
Capital in excess of par value	$19.9B	$19.9B	$19.9B	$19.9B
Accumulated deficit	($3.4B)	($3.4B)	($3.3B)	($3.2B)
Accumulated other comprehensive loss	($1.6B)	($1.5B)	($1.5B)	($1.4B)
Treasury stock, at cost (20.4 and 20.0 shares as of June 30, 2026 and December 31, 2025, respectively)	-998.0M	-986.0M	-915.0M	-917.0M
Total Shareholders’ Equity	$14.0B	$14.1B	$14.2B	$14.4B
Non-controlling interests	$33.0M	$33.0M	$32.0M	$32.0M
Total Shareholders’ Equity including Non-controlling interests	$14.0B	$14.2B	$14.3B	$14.4B
Total Liabilities and Shareholders’ Equity	$25.2B	$25.1B	$25.8B	$26.1B

Cash flow statement

International Flavors & Fragrances Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net (loss) income	($359.0M)	$247.0M	($2.6B)	($1.9B)
Depreciation and amortization	$962.0M	$1.0B	$1.1B	$1.2B
Deferred income taxes	($270.0M)	($304.0M)	($369.0M)	($237.0M)
Loss on assets classified as held for sale	$115.0M	$347.0M	—	—
Gains on sale of assets	$1.0M	($11.0M)	($3.0M)	($3.0M)
Losses (Gains) on business disposals	$109.0M	($346.0M)	$23.0M	($11.0M)
Stock-based compensation	$88.0M	$77.0M	$65.0M	$49.0M
Gain on extinguishment of debt	($488.0M)	—	—	—
Pension contributions	($29.0M)	($29.0M)	($36.0M)	($36.0M)
Pension-related (benefit) expense	($11.0M)	$125.0M	—	—
Impairment of goodwill	$1.2B	$64.0M	$2.6B	$2.3B
Inventory Write-down	$0	$0	$72.0M	—
Trade receivables	($68.0M)	($217.0M)	$51.0M	($117.0M)
Inventories	($41.0M)	($34.0M)	$605.0M	($893.0M)
Accounts payable	($57.0M)	$40.0M	($39.0M)	($57.0M)
Accruals for incentive compensation	($106.0M)	$190.0M	($2.0M)	($34.0M)
Other assets/liabilities, net	($149.0M)	($94.0M)	($149.0M)	($41.0M)
Net cash provided by operating activities	$850.0M	$1.1B	$1.4B	$397.0M
Additions to property, plant and equipment	($594.0M)	($463.0M)	($503.0M)	($504.0M)
Additions to intangible assets	($2.0M)	($5.0M)	$0	($2.0M)
Proceeds from disposal of assets	$21.0M	$21.0M	$27.0M	$8.0M
Net proceeds received from business disposals	$2.7B	$875.0M	—	—
Joint venture capital contributions	($4.0M)	—	—	—
Net cash provided by investing activities	$2.3B	$326.0M	$574.0M	$745.0M
Cash dividends paid to shareholders	($409.0M)	($514.0M)	($826.0M)	($810.0M)
Dividends paid to redeemable non-controlling interests	$0	$0	($13.0M)	$0
Decrease in revolving credit facility and short term borrowings	$0	$0	($99.0M)	$104.0M
Net borrowings (repayments) of commercial paper (maturities less than three months)	$314.0M	$0	($187.0M)	$48.0M
Principal payments of debt	($2.9B)	($1.0B)	($655.0M)	($300.0M)
Purchases of redeemable non-controlling interests	$0	$0	($39.0M)	($47.0M)
Deferred and contingent consideration paid	$0	($36.0M)	($6.0M)	$0
Withholding tax paid on stock-based compensation	($24.0M)	($16.0M)	($13.0M)	($21.0M)
Other, net	($21.0M)	($10.0M)	($8.0M)	($7.0M)
Purchase of treasury stock	($38.0M)	—	—	—
Net cash used in financing activities	($3.1B)	($1.6B)	($1.9B)	($1.2B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$91.0M	($54.0M)	$21.0M	($77.0M)
Net change in cash, cash equivalents and restricted cash	$119.0M	($264.0M)	$183.0M	($164.0M)
Cash, cash equivalents and restricted cash at beginning of year	$471.0M	$735.0M	$552.0M	$716.0M
Cash, cash equivalents and restricted cash at end of year	$590.0M	$471.0M	$735.0M	$552.0M
Interest paid, net of amounts capitalized	$229.0M	$308.0M	$370.0M	$310.0M
Income taxes paid	$329.0M	$370.0M	$578.0M	$329.0M
Accrued capital expenditures	$176.0M	$158.0M	$109.0M	$150.0M

International Flavors & Fragrances Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income (loss)	$221.0M	$170.0M	($390.0M)	($405.0M)
Depreciation and amortization	$464.0M	$246.0M	$725.0M	$478.0M
Deferred income taxes	($37.0M)	($15.0M)	($213.0M)	($163.0M)
Loss on assets classified as held for sale	$27.0M	—	$108.0M	$0
Losses on sale of assets	$0	—	$1.0M	$1.0M
Losses on business disposals	$8.0M	—	—	—
Stock-based compensation	$51.0M	$16.0M	$72.0M	$51.0M
Pension contributions	($10.0M)	($5.0M)	($20.0M)	($9.0M)
Gain on extinguishment of debt	$0	—	($488.0M)	($488.0M)
Impairment of goodwill	$0	$0	$1.2B	$1.2B
Trade receivables	($188.0M)	($107.0M)	($195.0M)	($106.0M)
Inventories	($45.0M)	($33.0M)	($129.0M)	($124.0M)
Accounts payable	$288.0M	$176.0M	$28.0M	$77.0M
Accruals for incentive compensation	($63.0M)	($140.0M)	($154.0M)	($204.0M)
Other assets/liabilities, net	($37.0M)	($58.0M)	($77.0M)	$26.0M
Net cash provided by operating activities	$679.0M	$257.0M	$532.0M	$368.0M
Additions to property, plant and equipment	($301.0M)	($165.0M)	($406.0M)	($274.0M)
Additions to intangible assets	($2.0M)	—	($2.0M)	—
Net proceeds received from business disposals	$201.0M	$198.0M	$2.7B	$2.7B
Payments to buyer for business disposals	($12.0M)	—	—	—
Cash (paid) received on foreign currency forward contracts	($19.0M)	($10.0M)	—	—
Joint venture capital contributions	$0	—	($4.0M)	($4.0M)
Net cash (used in) provided by investing activities	($133.0M)	$23.0M	$2.4B	$2.5B
Cash dividends paid to shareholders	($204.0M)	($102.0M)	($306.0M)	($204.0M)
Net repayments of commercial paper (maturities less than three months)	($264.0M)	($160.0M)	$370.0M	$0
Principal payments of debt	$0	$0	($2.9B)	($2.4B)
Withholding tax paid on stock-based compensation	($18.0M)	—	($23.0M)	($22.0M)
Purchase of treasury stock	($71.0M)	$35.0M	—	—
Other, net	($8.0M)	($4.0M)	($19.0M)	($15.0M)
Net cash used in financing activities	($565.0M)	($301.0M)	($2.9B)	($2.7B)
Effect of exchange rate changes on cash and cash equivalents	($2.0M)	($7.0M)	$83.0M	$90.0M
Net change in cash and cash equivalents	($21.0M)	($28.0M)	$150.0M	$345.0M
Cash and cash equivalents at beginning of year	$590.0M	$590.0M	$471.0M	$471.0M
Cash and cash equivalents at end of period	$569.0M	$562.0M	$621.0M	$816.0M
Interest paid, net of amounts capitalized	$80.0M	$28.0M	$175.0M	$130.0M
Income taxes paid, net	$175.0M	$111.0M	$262.0M	$139.0M
Accrued capital expenditures	$94.0M	$97.0M	$92.0M	$69.0M

International Flavors & Fragrances Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.