secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)
CIK:        0000051253
Form:       8-K/A
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000051253-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IFF amends Q4/FY2022 results: $28M tax adjustment, $52M cash reclassification; net loss $1.87B
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- Amendment adds $28M tax expense for Q4 and FY2022; no change to operating cash flow.
- Cash reclassification adds $52M to operating cash flow and year-end cash balance.
- FY2022 net loss attributable to IFF of $1,871M ($7.32 diluted EPS) vs. income $270M ($1.10) in 2021.
- FY2022 includes $2.25B goodwill impairment and $120M long-lived asset impairment.
- Adjusted (non-GAAP) EPS ex. amortization fell to $5.42 in FY2022 from $5.63 in FY2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/iff-20230227.htm
  HTML page:      https://secwatch.observer/filing/0000051253-23-000008

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