Exhibit 99.2 INTERNATIONAL FLAVORS & FRAGRANCES INC. (Dollars in thousands) |
| 2002 | Quarter-to-date | Year-to-date | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1st Quarter | As reported | Germany and Switzerland Fruit Business | Pro-Forma | ||||||||||||
| Net sales | $445,844 | 11,314 | $434,530 | ||||||||||||
| Cost of goods sold | 259,864 | 8,263 | 251,601 | ||||||||||||
| Gross margin on sales | 185,980 | 3,051 | 182,929 | ||||||||||||
| Research & development | 35,170 | 325 | 34,845 | ||||||||||||
| Selling and administrative | 75,386 | 943 | 74,443 | ||||||||||||
| Amortization | 3,158 | -- | 3,158 | ||||||||||||
| 72,266 | 1,783 | 70,483 | |||||||||||||
| Restructuring and other charges | -- | -- | -- | ||||||||||||
| Interest expense | (10,427 | ) | -- | (10,427 | ) | ||||||||||
| Other income (expense), net | 1,965 | -- | 1,965 | ||||||||||||
| Pretax income | 63,804 | 1,783 | 62,021 | ||||||||||||
| Income taxes | 21,857 | 611 | 21,246 | ||||||||||||
| Net Income | $ 41,947 | 1,172 | $ 40,775 | ||||||||||||
| 2nd Quarter | As reported | Germany and Switzerland Fruit Business | Pro Forma | As reported | Germany and Switzerland Fruit Business | Pro Forma | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $476,336 | 13,742 | $462,594 | $922,180 | 25,056 | $897,124 | |||||||||
| Cost of goods sold | 272,612 | 10,191 | 262,421 | 532,476 | 18,454 | 514,022 | |||||||||
| Gross margin on sales | 203,724 | 3,551 | 200,173 | 389,704 | 6,602 | 383,102 | |||||||||
| Research & development | 35,022 | 325 | 34,697 | 70,192 | 650 | 69,542 | |||||||||
| Selling and administrative | 78,921 | 972 | 77,949 | 154,307 | 1,915 | 152,392 | |||||||||
| Amortization | 3,158 | -- | 3,158 | 6,316 | -- | 6,316 | |||||||||
| 86,623 | 2,254 | 84,369 | 158,889 | 4,037 | 154,852 | ||||||||||
| Restructuring and other charges | (9,242 | ) | -- | (9,242 | ) | (9,242 | ) | -- | (9,242 | ) | |||||
| Interest expense | (9,294 | ) | -- | (9,294 | ) | (19,721 | ) | -- | (19,721 | ) | |||||
| Other income (expense), net | 807 | -- | 807 | 2,772 | -- | 2,772 | |||||||||
| Pretax income | 68,894 | 2,254 | 66,640 | 132,698 | 4,037 | 128,661 | |||||||||
| Income taxes | 23,493 | 769 | 22,724 | 45,350 | 1,380 | 43,970 | |||||||||
| Net Income | $ 45,401 | 1,485 | $ 43,916 | $ 87,348 | 2,657 | $ 84,691 | |||||||||
| 3rd Quarter | As reported | Germany and Switzerland Fruit Business | Pro Forma | As reported | Germany and Switzerland Fruit Business | Pro Forma | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $462,777 | 13,277 | $449,500 | $1,384,957 | 38,333 | $1,346,624 | |||||||||
| Cost of goods sold | 261,075 | 10,432 | 250,643 | 793,551 | 28,886 | 764,665 | |||||||||
| Gross margin on sales | 201,702 | 2,845 | 198,857 | 591,406 | 9,447 | 581,959 | |||||||||
| Research & development | 37,664 | 362 | 37,302 | 107,856 | 1,012 | 106,844 | |||||||||
| Selling and administrative | 75,142 | 1,939 | 73,203 | 229,449 | 3,854 | 225,595 | |||||||||
| Amortization | 3,158 | -- | 3,158 | 9,474 | -- | 9,474 | |||||||||
| 85,738 | 544 | 85,194 | 244,627 | 4,581 | 240,046 | ||||||||||
| Restructuring and other charges | (2,495 | ) | -- | (2,495 | ) | (11,737 | ) | -- | (11,737 | ) | |||||
| Interest expense | (8,947 | ) | -- | (8,947 | ) | (28,668 | ) | -- | (28,668 | ) | |||||
| Other income (expense), net | 561 | -- | 561 | 3,333 | -- | 3,333 | |||||||||
| Pretax income | 74,857 | 544 | 74,313 | 207,555 | 4,581 | 202,974 | |||||||||
| Income taxes | 25,258 | 184 | 25,074 | 70,607 | 1,564 | 69,043 | |||||||||
| Net Income | $ 49,599 | 360 | $ 49,239 | $ 136,948 | 3,017 | $ 133,931 | |||||||||
| 4th Quarter | As reported | Germany and Switzerland Fruit Business | Pro-Forma | As reported | Germany and Switzerland Fruit Business | Pro-Forma | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $424,292 | 12,338 | $411,954 | $1,809,249 | 50,671 | $1,758,578 | |||||||||
| Cost of goods sold | 242,284 | 9,517 | 232,767 | 1,035,835 | 38,403 | 997,432 | |||||||||
| Gross margin on sales | 182,008 | 2,821 | 179,187 | 773,414 | 12,268 | 761,146 | |||||||||
| Research & development | 36,171 | 345 | 35,826 | 144,027 | 1,357 | 142,670 | |||||||||
| Selling and administrative | 75,707 | 1,329 | 74,378 | 305,156 | 5,183 | 299,973 | |||||||||
| Amortization | 3,158 | -- | 3,158 | 12,632 | -- | 12,632 | |||||||||
| 66,972 | 1,147 | 65,825 | 311,599 | 5,728 | 305,871 | ||||||||||
| Restructuring and other charges | -- | -- | -- | (11,737 | ) | -- | (11,737 | ) | |||||||
| Interest expense | (8,368 | ) | -- | (8,368 | ) | (37,036 | ) | -- | (37,036 | ) | |||||
| Other income (expense), net | 258 | -- | 258 | 3,591 | -- | 3,591 | |||||||||
| Pretax income | 58,862 | 1,147 | 57,715 | 266,417 | 5,728 | 260,689 | |||||||||
| Income taxes | 19,866 | 387 | 19,479 | 90,473 | 1,951 | 88,522 | |||||||||
| Net Income | $ 38,996 | 760 | $ 38,236 | $ 175,944 | 3,777 | $ 172,167 | |||||||||