XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net sales $ 1,297,402 $ 930,928
Cost of goods sold 766,143 525,119
Gross profit 531,259 405,809
Research and development expenses 90,596 78,476
Selling and administrative expenses 213,182 142,644
Amortization of acquisition-related intangibles 47,625 9,185
Restructuring and other charges, net 16,174 717
Gains on sales of fixed assets (188) (69)
Operating profit 163,870 174,856
Interest expense 36,572 16,595
Other income, net (7,278) (576)
Income before taxes 134,576 158,837
Taxes on income 23,362 29,421
Net income 111,214 129,416
Net income attributable to noncontrolling interests 2,385 0
Net income attributable to IFF stockholders 108,829 129,416
Other comprehensive income, after tax:    
Foreign currency translation adjustments 42,377 14,803
Losses on derivatives qualifying as hedges (97) (529)
Pension and postretirement net liability 2,593 2,629
Net current period other comprehensive income (loss) 44,873 16,903
Comprehensive income attributable to IFF stockholders $ 153,702 $ 146,319
Net income per share - basic (in dollars per share) $ 0.97 $ 1.63
Net income per share - diluted (in dollars per share) $ 0.96 $ 1.63
Average number of shares outstanding - basic (in shares) 111,864 79,018
Average number of shares outstanding - diluted (in shares) 113,389 79,393