INTERNATIONAL FLAVORS & FRAGRANCES INC

IFF 10-Q · Q2 2025

IFF Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue (Q) — — —
Show Business Segments breakouts
Food Ingredients · Operating Segments 850 847 +0.4%
Health & Biosciences · Operating Segments 577 556 +3.8%
Pharma Solutions · Operating Segments 103 273 -62.3%
Scent · Operating Segments 603 603 0.0%
Taste · Operating Segments 631 610 +3.4%
Show Geography breakouts
Asia 647 681 -5.0%
EMEA 953 972 -2.0%
Latin America 361 360 +0.3%
Net sales attributed to all foreign countries · Geographic Concentration Risk 2,000 2,067 -3.2%
North America 803 876 -8.3%
US · Geographic Concentration Risk 764 822 -7.1%
Show — breakouts
Revenue 2,764 2,889 -4.3%
Show Consolidation Items breakouts
Operating Segments 2,764 2,889 -4.3%
Cost of Revenue (Q) — — —
Show Business Segments breakouts
Food Ingredients · Operating Segments 642 655 -2.0%
Health & Biosciences · Operating Segments 311 294 +5.8%
Pharma Solutions · Operating Segments 68 187 -63.6%
Scent · Operating Segments 336 328 +2.4%
Taste · Operating Segments 377 357 +5.6%
Show — breakouts
Cost of Revenue 1,734 1,821 -4.8%
Gross Profit (Q) — — —
Show — breakouts
Gross Profit 1,030 1,068 -3.6%
Research & Development (Q) — — —
Show Business Segments breakouts
Food Ingredients · Operating Segments 14 21 -33.3%
Health & Biosciences · Operating Segments 55 50 +10.0%
Pharma Solutions · Operating Segments 3 7 -57.1%
Scent · Operating Segments 62 55 +12.7%
Taste · Operating Segments 47 40 +17.5%
Show — breakouts
Research & Development 182 173 +5.2%
Selling, General & Administrative (Q) — — —
Show Business Segments breakouts
Food Ingredients · Operating Segments 104 94 +10.6%
Health & Biosciences · Operating Segments 91 89 +2.2%
Pharma Solutions · Operating Segments 10 26 -61.5%
Scent · Operating Segments 92 93 -1.1%
Taste · Operating Segments 98 100 -2.0%
Show — breakouts
Selling, General & Administrative 483 493 -2.0%
Operating Income (Q) — — —
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Operating Income 198 191 +3.7%
Interest Income (Q) — — —
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Interest Income 7 3 +133.3%
Other Non-Operating Income (Expense) (Q) — — —
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Other Non-Operating Income (Expense) 10 15 -33.3%
Income Before Taxes (Q) — — —
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Income Before Taxes 534 183 +191.8%
Income Tax Expense (Benefit) (Q) — — —
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Income Tax Expense (Benefit) -78 11 -809.1%
Net Income (Q) — — —
Show — breakouts
Net Income 612 172 +255.8%
Net Income (Q) — — —
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Net Income 612 170 +260.0%
Comprehensive Income (Q) — — —
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Comprehensive Income 1,320 46 +2769.6%
EPS (Basic) (Q) — — —
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EPS (Basic) 2.39 0.67 +256.7%
EPS (Diluted) (Q) — — —
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EPS (Diluted) 2.38 0.66 +260.6%
Wtd Avg Shares (Basic) (Q) — — —
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Wtd Avg Shares (Basic) 256 255 +0.4%
Wtd Avg Shares (Diluted) (Q) — — —
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Wtd Avg Shares (Diluted) 257 256 +0.4%
Interest Expense (Q) — — —
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Interest Expense 61 79 -22.8%
Foreign Currency Transaction Gain Loss Before Tax (Q) — — —
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Foreign Currency Transaction Gain Loss Before Tax -17 -33 +48.5%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
Show — breakouts
Cash & Cash Equivalents 816 671 +21.6%
Inventory (Q) — — —
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Inventory 2,371 2,160 +9.8%
Total Current Assets (Q) — — —
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Total Current Assets 5,928 8,149 -27.3%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 3,905 3,763 +3.8%
Operating Lease Right-of-Use Assets (Q) — — —
Show — breakouts
Operating Lease Right-of-Use Assets 620 — —
Goodwill (Q) — — —
Show Business Segments breakouts
Health & Biosciences 4,467 4,342 +2.9%
Scent 1,511 1,478 +2.2%
Taste 2,305 — —
Show — breakouts
Goodwill 8,283 9,282 -10.8%
Intangible Assets (Q) — — —
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Intangible Assets 6,430 — —
Other Non-Current Assets (Q) — — —
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Other Non-Current Assets 955 — —
Total Assets (Q) — — —
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Total Assets 26,121 29,543 -11.6%
Current Liabilities
Accounts Payable (Q) — — —
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Accounts Payable 1,348 1,272 +6.0%
Current Portion of Long-Term Debt (Q) — — —
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Current Portion of Long-Term Debt -500 -783 +36.1%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 3,183 3,425 -7.1%
Debt Current (Q) — — —
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Debt Current 500 783 -36.1%
Non-Current Liabilities
Long-Term Debt (Q) — — —
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Long-Term Debt 5,684 8,596 -33.9%
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 1,387 1,833 -24.3%
Other Non-Current Liabilities (Q) — — —
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Other Non-Current Liabilities 680 — —
Stockholders' Equity
Common Stock (Q) — — —
Show — breakouts
Common Stock 35 35 0.0%
Retained Earnings (Q) — — —
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Retained Earnings -3,215 -2,414 -33.2%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income -1,415 — —
Total Stockholders' Equity (Q) — — —
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -148 -237 +37.6%
Accumulated Gain Loss Net Cash Flow Hedge Parent -3 -5 +40.0%
Accumulated Other Comprehensive Income -1,415 -2,315 +38.9%
Accumulated Translation Adjustment -1,264 -2,073 +39.0%
Show — breakouts
Total Stockholders' Equity 14,404 14,254 +1.1%
Total Liabilities & Equity (Q) — — —
Show — breakouts
Total Liabilities & Equity 26,121 29,543 -11.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization (YTD) — — —
Show — breakouts
Depreciation & Amortization 478 524 -8.8%
Stock-Based Compensation (YTD) — — —
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Stock-Based Compensation 51 43 +18.6%
Deferred Income Taxes (YTD) — — —
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Deferred Income Taxes -163 -77 -111.7%
Change in Accounts Receivable (YTD) — — —
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Change in Accounts Receivable -106 -293 +63.8%
Change in Inventory (YTD) — — —
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Change in Inventory -124 4 -3200.0%
Change in Accounts Payable (YTD) — — —
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Change in Accounts Payable 77 54 +42.6%
Net Cash from Operations (YTD) — — —
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Net Cash from Operations 368 336 +9.5%
Investing Activities
Capital Expenditures (YTD) — — —
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Capital Expenditures -274 -200 -37.0%
Net Cash from Investing (YTD) — — —
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Net Cash from Investing 2,541 664 +282.7%
Financing Activities
Tax Withholding for Share Compensation (YTD) — — —
Show — breakouts
Tax Withholding for Share Compensation -22 -14 -57.1%
Debt Repayments (YTD) — — —
Show Debt Instrument breakouts
2026 Term Loan Facility · Loans Payable 413 31 +1232.3%
Net Cash from Financing (YTD) — — —
Show — breakouts
Net Cash from Financing -2,654 -1,023 -159.4%
Supplemental
Interest Paid (YTD) — — —
Show — breakouts
Interest Paid 130 158 -17.7%
Unpaid Capital Expenditures (YTD) — — —
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Unpaid Capital Expenditures 69 64 +7.8%
Other Cash Flow
Net Change in Cash (YTD) — — —
Show — breakouts
Net Change in Cash 345 -61 +665.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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