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International Flavors & Fragrances (IFF) FY2008 results: revenue $2.4 billion

International Flavors & Fragrances Inc. (IFF) reported revenue of $2.4 billion for fiscal 2008, the year ended 31 December 2008. Net income was $230 million, and diluted earnings per share $2.86. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2011.

Revenue
$2.4 billion
FY2008FY2008
Operating margin
11.9%
FY2008FY2008
Net income
$230 million
FY2008FY2008
Diluted EPS
$2.86
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue2,389
Cost of revenue1,418
Gross profit971
Gross margin40.6%
Research and development197
Selling, general and administrative401
Operating income284
Operating margin11.9%
Interest expense74.0
Pre-tax income284
Income tax54.3
Effective tax rate19.1%
Net income230
Net margin9.6%
Diluted EPS$2.86
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow221
Capital expenditure85.4
Free cash flow135
Free cash flow margin5.7%
Cash from investing-89.7
Cash from financing-94.7
Depreciation and amortisation76.0
Share-based compensation17.2
Buybacks30.0
Dividends paid74.9

Balance sheet

$ millionFY2008Last 8 years
Cash and equivalents178

10-K for the year ended 31 December 2008, filed 24 February 2011: the filing.