The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net (loss) income | -359 | 247 | -2,563 | -1,864 |
| Depreciation and amortization | 962 | 1,015 | 1,142 | 1,179 |
| Deferred income taxes | -270 | -304 | -369 | -237 |
| Loss on assets classified as held for sale | -115 | -347 | - | - |
| Gains on sale of assets | -1 | 11 | 3 | 3 |
| Losses (gains) on business disposals | -109 | 346 | -23 | 11 |
| Stock-based compensation | 88 | 77 | 65 | 49 |
| Gain on extinguishment of debt | 488 | - | - | - |
| Pension contributions | 29 | 29 | 36 | 36 |
| Amortization of inventory step-up | - | - | 0 | 0 |
| Pension-related (benefit) expense | -11 | 125 | - | - |
| Impairment of goodwill | 1,153 | 64 | 2,623 | 2,250 |
| Impairment of long-lived assets | - | 0 | 0 | 120 |
| Inventory write-down | 0 | 0 | 72 | - |
| Trade receivables | 68 | 217 | -51 | 117 |
| Inventories | 41 | 34 | -605 | 893 |
| Accounts payable | -57 | 40 | -39 | -57 |
| Accruals for incentive compensation | -106 | 190 | -2 | -34 |
| Other current payables and accrued expenses | - | - | 19 | 92 |
| Other assets/liabilities, net | 149 | 94 | 149 | 41 |
| Net cash provided by operating activities | 850 | 1,070 | 1,439 | 397 |
| Cash paid for acquisitions, net of cash received | - | 0 | 0 | 110 |
| Additions to property, plant and equipment | 594 | 463 | 503 | 504 |
| Additions to intangible assets | 2 | 5 | 0 | 2 |
| Proceeds from disposal of assets | 21 | 21 | 27 | 8 |
| Proceeds from unwinding of derivative instruments | - | 0 | 0 | 173 |
| Cash provided by the merger with n&b | - | 0 | 0 | 11 |
| Net proceeds received from business divestitures | - | - | 1,050 | 1,169 |
| Net proceeds received from business disposals | 2,743 | 875 | - | - |
| Maturity of net investment hedges | - | - | - | 0 |
| Cash received (paid) on foreign currency forward contracts | 105 | - | - | - |
| Proceeds from life insurance contracts | - | - | - | 0 |
| Cash paid on foreign currency forward contracts | - | 102 | - | - |
| Joint venture capital contributions | 4 | - | - | - |
| Net cash provided by investing activities | 2,269 | 326 | 574 | 745 |
| Cash dividends paid to shareholders | 409 | 514 | 826 | 810 |
| Dividends paid to redeemable non-controlling interests | 0 | 0 | 13 | 0 |
| Decrease in revolving credit facility and short term borrowings | 0 | 0 | -99 | 104 |
| Proceeds from issuance of commercial paper (maturities after three months) | - | 0 | 0 | 225 |
| Repayments of commercial paper (maturities after three months) | - | 0 | 0 | 421 |
| Net borrowings (repayments) of commercial paper (maturities less than three months) | 314 | 0 | -187 | 48 |
| Deferred financing costs | - | - | 5 | 0 |
| Principal payments of debt | 2,913 | 1,030 | 655 | 300 |
| Purchases of redeemable non-controlling interests | 0 | 0 | 39 | 47 |
| Proceeds from issuance of long-term debt | - | - | 0 | 0 |
| Deferred and contingent consideration paid | 0 | 36 | 6 | 0 |
| Proceeds from issuance of stock in connection with stock options | - | - | - | 0 |
| Withholding tax paid on stock-based compensation | 24 | 16 | 13 | 21 |
| Other, net | -21 | -10 | -8 | -7 |
| Purchase of treasury stock | 38 | - | - | - |
| Net cash used in financing activities | -3,091 | -1,606 | -1,851 | -1,229 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 91 | -54 | 21 | -77 |
| Net change in cash, cash equivalents and restricted cash | 119 | -264 | 183 | -164 |
| Cash, cash equivalents and restricted cash at beginning of year | 471 | 735 | 552 | 716 |
| Cash, cash equivalents and restricted cash at end of year | 590 | 471 | 735 | 552 |
INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)
INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)