International Flavors & Fragrances Inc. (IFF)

IFF Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	469	703	483	711	650
Cash & Short-Term Investments	469	703	483	711	650
Cash Growth	-33.29%	45.55%	-32.07%	9.38%	7.12%
Accounts Receivable	1,624	1,726	1,818	1,906	929
Other Receivables	-	187	212	309	193
Receivables	1,624	1,913	2,030	2,215	1,122
Inventory	2,133	2,638	3,299	2,644	1,132
Prepaid Expenses	737	184	144	160	100
Restricted Cash	-	6	10	4	7
Other Current Assets	3,030	849	1,466	1,253	49
Total Current Assets	7,993	6,293	7,432	6,987	3,060
Property, Plant & Equipment	3,739	4,955	4,968	5,156	1,765
Long-Term Investments	-	11	10	86	5
Goodwill	-	10,635	13,373	16,414	5,593
Other Intangible Assets	15,525	8,357	9,082	10,506	2,727
Long-Term Deferred Tax Assets	-	278	167	82	197
Other Long-Term Assets	1,410	449	490	427	208
Total Assets	28,667	30,978	35,522	39,658	13,555
Accounts Payable	-	1,378	1,418	1,532	556
Accrued Expenses	-	820	790	850	270
Short-Term Debt	1,413	3	193	331	2
Current Portion of Long-Term Debt	-	882	404	301	632
Current Portion of Leases	-	92	91	114	44
Current Income Taxes Payable	-	194	313	94	42
Other Current Liabilities	2,920	389	519	411	358
Total Current Liabilities	4,333	3,758	3,728	3,633	1,904
Long-Term Debt	7,564	9,186	10,373	10,768	3,779
Long-Term Leases	-	660	684	685	269
Long-Term Deferred Tax Liabilities	-	1,937	2,283	2,518	593
Other Long-Term Liabilities	2,859	542	479	447	264
Total Liabilities	14,756	16,336	17,778	18,436	7,135
Common Stock	13,911	35	35	35	16
Additional Paid-In Capital	-	19,874	19,841	19,826	3,853
Retained Earnings	-	-2,439	955	3,641	4,156
Treasury Stock	-	-963	-978	-997	-1,017
Comprehensive Income & Other	-	-1,896	-2,198	-1,423	-698
Total Common Equity	13,911	14,611	17,655	21,082	6,310
Minority Interest	-	31	89	140	110
Shareholders' Equity	13,911	14,642	17,744	21,222	6,420
Total Liabilities & Equity	28,667	30,978	35,522	39,658	13,555
Total Debt	8,977	10,823	11,745	12,199	4,726
Net Cash (Debt)	-8,508	-10,120	-11,262	-11,488	-4,076
Net Cash Per Share	-33.23	-39.69	-44.16	-47.28	-35.75
Filing Date Shares Outstanding	256	255.31	255.06	254.68	248.73
Total Common Shares Outstanding	256	255.29	254.97	254.57	106.94
Working Capital	3,660	2,535	3,704	3,354	1,156
Book Value Per Share	54.34	57.23	69.24	82.81	59.01
Tangible Book Value	-1,614	-4,381	-4,800	-5,838	-2,010
Tangible Book Value Per Share	-6.30	-17.16	-18.83	-22.93	-18.80
Land	-	195	199	223	84
Buildings	-	1,822	1,697	1,764	932
Machinery	-	3,752	3,344	3,442	1,525
Construction In Progress	-	400	649	461	136

Source: S&P Capital IQ. Standard template. Financial Sources.