Cash Flow Statement

Operating Cash Flow

+114%

+19%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	138	150	166	176	166	172	173	173	197	202	193	196	192	192	219	193	194	199	194	227	235	253	248	247	240	229	228	230	221	202	197	196	212	231	255	264	284	293	298	267	264	276	210	254	264	278	360	354	370	378	386	415	436	431	430	419	410	421	404	405	402	395	416	296	309	299	284	340	322	361	395	460	476	425	381	367	200	143	254	279	565	644	(1 748)	(1 864)	(2 118)	(2 200)	22	(2 563)	(2 494)	(2 349)	(2 316)	247	(831)	(391)	(436)	(372)
Depreciation & Amortization	115	104	94	85	85	85	85	87	88	90	91	91	91	91	92	92	91	90	89	90	89	87	86	83	81	83	80	76	75	72	74	79	80	80	81	79	77	76	75	75	76	75	75	77	77	79	81	83	87	93	91	89	87	81	86	90	96	98	100	103	103	109	113	118	125	127	129	174	222	264	313	323	322	329	331	325	487	729	943	1 156	1 217	1 196	1 192	1 179	1 152	1 138	1 137	1 142	1 144	1 103	1 059	1 015	973	969	968	962
Change in Deffered Taxes	(15)	(24)	(26)	(6)	(12)	(18)	(9)	(12)	(2)	13	2	(7)	(0)	7	(27)	(33)	(35)	(50)	(16)	(12)	(11)	(8)	(16)	(6)	(18)	(10)	7	7	13	14	8	(17)	(29)	(39)	(60)	(13)	10	29	53	25	(9)	(16)	(14)	(16)	13	3	(7)	(1)	(4)	5	12	23	29	31	29	13	3	12	8	14	6	(1)	3	59	81	72	83	19	(11)	(22)	(36)	(59)	(45)	(40)	(61)	(68)	(156)	(197)	(179)	(236)	(215)	(277)	(310)	(237)	(200)	(86)	(74)	(371)	(350)	(419)	(438)	(304)	(356)	(390)	(389)	(270)
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18	22	26	31	18	18	19	18	17	18	19	19	20	20	20	21	18	18	21	18	21	19	19	19	20	21	23	23	24	24	24	24	23	23	21	21	23	24	24	24	25	24	24	25	27	28	29	28	29	29	33	34	34	35	35	35	36	38	44	53	54	52	52	47	49	52	56	62	65	71	76	74	77	78	85	90	89
Other Non-Cash Items	0	0	0	0	0	0	0	0	0	0	(17)	(20)	(21)	(21)	(5)	5	7	11	6	(5)	(2)	(7)	9	10	11	17	10	15	15	16	16	15	16	15	16	15	19	27	25	21	18	14	(19)	(17)	(16)	(32)	2	6	7	13	23	19	(34)	(28)	(42)	(45)	(1)	(29)	(30)	(33)	(60)	(91)	(90)	(81)	(59)	(1)	33	32	46	47	15	13	14	11	12	15	13	401	391	384	383	118	2 365	2 369	2 382	2 318	118	2 716	2 739	2 669	2 690	227	1 385	1 016	1 103	938
Cash Taxes Paid	66	73	76	100	100	115	137	97	97	77	78	75	72	63	36	67	65	61	74	79	81	82	68	60	61	57	61	50	48	56	52	58	62	65	64	71	79	78	85	88	75	79	191	185	199	227	126	139	136	113	96	92	94	93	100	103	106	109	112	108	104	106	105	107	112	114	117	116	125	132	128	126	125	110	129	133	136	209	229	289	331	382	367	329	478	506	503	578	404	359	376	370	403	324	384	329
Cash Interest Paid	59	74	63	62	63	56	54	45	41	38	38	37	36	36	37	37	38	43	45	32	45	27	38	36	59	58	78	87	87	86	81	71	59	57	55	54	54	55	54	54	50	50	43	48	48	46	54	48	46	51	27	46	46	46	63	47	48	48	49	51	55	47	44	55	50	108	109	118	146	114	148	134	127	120	124	128	128	230	231	310	313	293	293	310	331	358	372	370	365	337	325	308	284	280	267	229
Change in Working Capital	4	12	13	(11)	(18)	(24)	(38)	22	(6)	(15)	41	35	(2)	6	(33)	(80)	(26)	(9)	1	(18)	(67)	(68)	(91)	(20)	4	(22)	(67)	(107)	(126)	(73)	(11)	20	59	44	8	(29)	(142)	(236)	(228)	(199)	(72)	(27)	(43)	26	(48)	(22)	7	(35)	(34)	(44)	(44)	(28)	(3)	16	(8)	(9)	(66)	(62)	(1)	61	78	24	(34)	(1)	(95)	(109)	(135)	(128)	(82)	(83)	(68)	(39)	(99)	(2)	68	74	511	127	17	(146)	(875)	(993)	(999)	(1 050)	(688)	(347)	(200)	555	372	396	351	(115)	(73)	(102)	(346)	(421)
Cash from Operating Activities	241 N/A	241 0%	246 +2%	243 -1%	221 -9%	214 -3%	212 -1%	270 +27%	277 +3%	290 +5%	310 +7%	296 -5%	261 -12%	276 +6%	247 -10%	177 -28%	232 +31%	240 +3%	273 +14%	282 +3%	244 -13%	257 +5%	236 -8%	314 +33%	319 +1%	297 -7%	258 -13%	221 -15%	199 -10%	229 +15%	284 +24%	292 +3%	338 +16%	332 -2%	300 -10%	315 +5%	248 -21%	190 -23%	224 +18%	189 -15%	277 +46%	322 +16%	210 -35%	324 +54%	290 -10%	306 +6%	444 +45%	408 -8%	424 +4%	444 +5%	468 +5%	518 +11%	515 -1%	531 +3%	496 -7%	467 -6%	442 -5%	440 -1%	481 +9%	550 +14%	529 -4%	436 -18%	408 -6%	391 -4%	361 -8%	388 +8%	393 +1%	438 +11%	496 +13%	567 +14%	619 +9%	699 +13%	669 -4%	722 +8%	731 +1%	714 -2%	1 055 +48%	1 204 +14%	1 425 +18%	1 437 +1%	1 075 -25%	688 -36%	500 -27%	397 -21%	528 +33%	823 +56%	1 003 +22%	1 455 +45%	1 411 -3%	1 400 -1%	1 346 -4%	1 070 -21%	1 098 +3%	1 102 +0%	900 -18%	850 -6%
Investing Cash Flow
Capital Expenditures	(62)	(73)	(77)	(82)	(74)	(67)	(64)	(66)	(67)	(66)	(66)	(71)	(74)	(82)	(91)	(93)	(87)	(75)	(63)	(58)	(58)	(60)	(64)	(66)	(69)	(73)	(78)	(85)	(81)	(75)	(66)	(67)	(72)	(85)	(91)	(106)	(113)	(115)	(127)	(128)	(137)	(136)	(137)	(126)	(127)	(133)	(128)	(134)	(138)	(134)	(146)	(143)	(129)	(121)	(112)	(101)	(104)	(106)	(105)	(126)	(131)	(129)	(134)	(129)	(135)	(150)	(154)	(173)	(198)	(225)	(238)	(242)	(233)	(203)	(200)	(192)	(237)	(277)	(314)	(397)	(438)	(470)	(497)	(506)	(547)	(558)	(550)	(503)	(446)	(413)	(421)	(468)	(529)	(542)	(568)	(596)
Other Items	12	68	58	53	53	93	101	91	86	(5)	32	39	39	39	2	3	7	9	17	10	10	16	(0)	14	6	(2)	5	(4)	(12)	(16)	(16)	(14)	(4)	1	1	(1)	1	(1)	(4)	(4)	(2)	(3)	6	12	12	29	24	29	(61)	(72)	(72)	(78)	12	(172)	(475)	(476)	(476)	(296)	7	(229)	(366)	(418)	(419)	(171)	(38)	13	15	(4 840)	(4 870)	(4 865)	(4 831)	16	54	46	13	4	207	197	320	379	184	76	1 291	1 251	1 246	2 201	1 046	1 061	1 109	1 099	943	794	776	2 745	2 734	2 865
Cash from Investing Activities	(50) N/A	(6) +89%	(19) -234%	(29) -50%	(20) +30%	26 N/A	38 +45%	25 -33%	19 -23%	(71) N/A	(34) +52%	(32) +8%	(35) -12%	(43) -23%	(89) -105%	(91) -2%	(79) +12%	(66) +17%	(46) +30%	(48) -5%	(48) +1%	(44) +10%	(64) -47%	(51) +20%	(63) -22%	(75) -20%	(73) +3%	(90) -23%	(94) -4%	(91) +3%	(82) +10%	(81) +1%	(77) +5%	(84) -10%	(89) -6%	(107) -19%	(111) -4%	(116) -4%	(131) -13%	(131) 0%	(139) -6%	(138) +1%	(131) +5%	(114) +13%	(115) -1%	(104) +10%	(105) 0%	(105) -1%	(199) -89%	(206) -3%	(218) -6%	(221) -2%	(117) +47%	(293) -151%	(587) -100%	(577) +2%	(580) -1%	(402) +31%	(97) +76%	(356) -265%	(497) -40%	(547) -10%	(552) -1%	(300) +46%	(173) +42%	(137) +21%	(139) -1%	(5 013) -3 506%	(5 068) -1%	(5 090) 0%	(5 069) +0%	(226) +96%	(178) +21%	(157) +12%	(187) -19%	(188) 0%	(30) +84%	(80) -169%	6 N/A	(18) N/A	(254) -1 311%	(394) -55%	794 N/A	745 -6%	699 -6%	1 643 +135%	496 -70%	558 +13%	663 +19%	686 +3%	522 -24%	326 -38%	247 -24%	2 203 +792%	2 166 -2%	2 269 +5%
Financing Cash Flow
Net Issuance of Common Stock	(39)	(44)	(51)	(43)	(46)	(50)	(38)	(29)	1	9	8	10	(25)	(46)	(54)	(75)	(128)	(100)	(135)	(160)	(107)	(136)	(567)	(527)	(539)	(510)	(21)	(23)	3	4	0	5	14	20	22	26	22	25	23	15	12	7	8	9	(4)	(12)	(27)	(48)	(55)	(65)	(70)	(86)	(78)	(92)	(116)	(121)	(151)	(154)	(134)	(127)	(124)	(108)	(86)	(58)	(31)	(20)	2 249	2 253	2 263	2 268	(1)	0	(0)	(0)	(0)	0	3	5	8	9	13	0	15	0	0	0	0	0	0	0	0	0	0	0	0	(38)
Net Issuance of Debt	(122)	(164)	(163)	(151)	(119)	(154)	(163)	(213)	(245)	(173)	(226)	(192)	(126)	(70)	(22)	300	227	(38)	110	(174)	(153)	75	349	369	330	357	(33)	3	32	(11)	(58)	(238)	(226)	(246)	(213)	(103)	(57)	(10)	(44)	(31)	(99)	(116)	(6)	139	155	179	45	(85)	(84)	(97)	13	12	11	66	249	138	568	498	189	300	76	402	281	244	90	(166)	2 710	2 879	2 792	2 722	28	(156)	(134)	(133)	(191)	(147)	(252)	(248)	(542)	(606)	(182)	332	(501)	(344)	(359)	(1 585)	(561)	(941)	(984)	(1 173)	(1 273)	(1 030)	(1 004)	(2 783)	(2 599)	(2 599)
Cash Paid for Dividends	(57)	(57)	(57)	(57)	(57)	(57)	(57)	(58)	(59)	(60)	(62)	(63)	(65)	(66)	(67)	(68)	(68)	(69)	(68)	(67)	(69)	(71)	(73)	(77)	(76)	(77)	(76)	(75)	(96)	(77)	(98)	(79)	(59)	(79)	(60)	(81)	(83)	(85)	(87)	(90)	(94)	(97)	(101)	(131)	(106)	(108)	(111)	(87)	(119)	(123)	(127)	(133)	(139)	(146)	(152)	(159)	(166)	(172)	(179)	(185)	(191)	(197)	(203)	(206)	(210)	(214)	(218)	(230)	(254)	(277)	(300)	(314)	(316)	(318)	(320)	(323)	(325)	(436)	(548)	(667)	(786)	(795)	(805)	(810)	(815)	(821)	(825)	(826)	(827)	(722)	(618)	(514)	(409)	(409)	(409)	(409)
Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5	6	8	11	7	0	3	0	0	0	0	0	0	0	0	0	1	2	6	7	6	6	7	8	8	8	4	4	3	3	6	6	5	14	12	12	(23)	(12)	(21)	(21)	(22)	(10)	(23)	(23)	(23)	(23)	(11)	(19)	(31)	(29)	(52)	(43)	(35)	(50)	(34)	(46)	(42)	(46)	(44)	(34)	(40)	(39)	(41)	(71)	(75)	(65)	(66)	(42)	(84)	(78)	(113)	(111)	(62)	(64)	(45)	(45)	(45)
Cash from Financing Activities	(219) N/A	(265) -21%	(270) -2%	(250) +7%	(222) +11%	(261) -18%	(259) +1%	(300) -16%	(303) -1%	(224) +26%	(279) -25%	(245) +12%	(215) +12%	(182) +16%	(143) +21%	157 N/A	31 -80%	(207) N/A	(93) +55%	(397) -326%	(323) +19%	(123) +62%	(280) -128%	(228) +19%	(280) -23%	(227) +19%	(130) +43%	(95) +27%	(60) +37%	(84) -40%	(156) -87%	(312) -100%	(271) +13%	(305) -13%	(251) +18%	(157) +38%	(115) +26%	(64) +44%	(100) -57%	(101) 0%	(174) -73%	(199) -15%	(91) +54%	25 N/A	52 +106%	63 +19%	(88) N/A	(217) -146%	(254) -17%	(279) -10%	(179) +36%	(202) -13%	(193) +5%	(160) +17%	(7) +95%	(165) -2 151%	239 N/A	151 -37%	(145) N/A	(34) +76%	(248) -622%	74 N/A	(30) N/A	(43) -41%	(174) -309%	(411) -136%	4 721 N/A	4 871 +3%	4 773 -2%	4 661 -2%	(316) N/A	(505) -60%	(500) +1%	(485) +3%	(557) -15%	(512) +8%	(619) -21%	(724) -17%	(1 116) -54%	(1 304) -17%	(994) +24%	(500) +50%	(1 369) -174%	(1 229) +10%	(1 246) -1%	(2 472) -98%	(1 435) +42%	(1 851) -29%	(1 889) -2%	(2 008) -6%	(2 002) +0%	(1 606) +20%	(1 477) +8%	(3 237) -119%	(3 053) +6%	(3 091) -1%
Change in Cash
Effect of Foreign Exchange Rates	(4)	4	(0)	2	2	2	2	3	3	1	2	2	1	(2)	(1)	(4)	(2)	2	1	6	5	4	7	2	1	(1)	(9)	(9)	(18)	(10)	(0)	3	11	4	1	(0)	1	4	0	(0)	1	(4)	1	1	(4)	(3)	(5)	(4)	(1)	3	(9)	(22)	(30)	(28)	(34)	(22)	(16)	(25)	(12)	(18)	(13)	(11)	(8)	(4)	(9)	(9)	(17)	(15)	(9)	(6)	(4)	7	(39)	(23)	(7)	21	26	31	(4)	(59)	(46)	(115)	(165)	(77)	(26)	36	43	21	(31)	(56)	41	(54)	11	74	39	91
Net Change in Cash	(31) N/A	(27) +16%	(43) -63%	(34) +22%	(19) +45%	(19) 0%	(8) +56%	(3) +66%	(4) -45%	(4) -3%	(1) +83%	20 N/A	11 -46%	49 +341%	14 -71%	240 +1 612%	182 -24%	(30) N/A	134 N/A	(158) N/A	(122) +23%	94 N/A	(101) N/A	37 N/A	(23) N/A	(5) +79%	47 N/A	27 -42%	27 +0%	44 +63%	46 +3%	(98) N/A	2 N/A	(53) N/A	(40) +25%	51 N/A	22 -57%	13 -42%	(8) N/A	(43) -467%	(35) +18%	(19) +47%	(10) +46%	236 N/A	224 -5%	261 +17%	246 -6%	81 -67%	(31) N/A	(39) -24%	62 N/A	73 +19%	175 +140%	50 -71%	(133) N/A	(297) -124%	85 N/A	163 +91%	226 +39%	142 -37%	(229) N/A	(49) +79%	(183) -276%	44 N/A	5 -88%	(169) N/A	4 958 N/A	281 -94%	192 -32%	132 -31%	(4 770) N/A	(25) +99%	(49) -98%	57 N/A	(21) N/A	36 N/A	432 +1 105%	431 0%	311 -28%	56 -82%	(219) N/A	(321) -47%	(240) +25%	(164) +32%	(45) +73%	30 N/A	107 +257%	183 +71%	154 -16%	22 -86%	(93) N/A	(264) -184%	(121) +54%	142 N/A	52 -63%	119 +129%
Free Cash Flow
Free Cash Flow	179 N/A	168 -6%	169 +1%	162 -5%	148 -9%	147 0%	148 +0%	204 +38%	210 +3%	224 +7%	244 +9%	225 -8%	187 -17%	194 +4%	156 -19%	84 -46%	146 +74%	165 +14%	210 +27%	223 +6%	186 -17%	197 +6%	172 -12%	249 +44%	250 +0%	224 -10%	180 -20%	135 -25%	118 -13%	154 +31%	218 +41%	225 +3%	266 +18%	246 -7%	209 -15%	209 0%	135 -35%	75 -45%	96 +29%	62 -36%	140 +127%	187 +34%	73 -61%	198 +170%	163 -18%	173 +7%	315 +82%	273 -13%	286 +5%	310 +8%	322 +4%	375 +16%	386 +3%	410 +6%	384 -6%	366 -5%	338 -8%	333 -1%	376 +13%	424 +13%	398 -6%	306 -23%	274 -11%	262 -5%	225 -14%	238 +5%	239 +1%	264 +10%	298 +13%	342 +15%	381 +11%	457 +20%	436 -5%	519 +19%	531 +2%	522 -2%	819 +57%	927 +13%	1 111 +20%	1 040 -6%	637 -39%	218 -66%	3 -99%	(109) N/A	(19) +83%	265 N/A	453 +71%	952 +110%	965 +1%	987 +2%	925 -6%	602 -35%	569 -5%	560 -2%	332 -41%	254 -23%

Income Statement Balance Sheet Cash Flow Statement

International Flavors & Fragrances Inc
NYSE:IFF

Cash Flow Statement

Cash Flow Statement
International Flavors & Fragrances Inc

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International Flavors & Fragrances Inc NYSE:IFF

Cash Flow Statement

Cash Flow Statement International Flavors & Fragrances Inc

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International Flavors & Fragrances Inc
NYSE:IFF

Cash Flow Statement
International Flavors & Fragrances Inc