Exhibit 99.5 INTERNATIONAL FLAVORS & FRAGRANCES INC. (Dollars in thousands) |
2004 | Quarter-to-date | Year-to-date | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1st Quarter | As reported | Germany and Switzerland Fruit Business | Pro-Forma | ||||||||||||
Net sales | $535,015 | 17,452 | $517,563 | ||||||||||||
Cost of goods sold | 306,786 | 12,905 | 293,881 | ||||||||||||
Gross margin on sales | 228,229 | 4,547 | 223,682 | ||||||||||||
Research & development | 44,648 | 406 | 44,242 | ||||||||||||
Selling and administrative | 89,726 | 1,272 | 88,454 | ||||||||||||
Amortization | 3,699 | -- | 3,699 | ||||||||||||
90,156 | 2,869 | 87,287 | |||||||||||||
Restructuring and other charges | -- | -- | -- | ||||||||||||
Interest expense | (6,457 | ) | -- | (6,457 | ) | ||||||||||
Other income (expense), net | (1,425 | ) | -- | (1,425 | ) | ||||||||||
Pretax income | 82,274 | 2,869 | 79,405 | ||||||||||||
Income taxes | 25,916 | 904 | 25,012 | ||||||||||||
Net Income | $ 56,358 | 1,965 | $ 54,393 | ||||||||||||
2nd Quarter | As reported | Germany and Switzerland Fruit Business | Pro Forma | As reported | Germany and Switzerland Fruit Business | Pro Forma | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | $524,177 | 15,591 | $508,586 | $1,059,192 | 33,043 | $1,026,149 | |||||||||
Cost of goods sold | 295,716 | 11,450 | 284,266 | 602,502 | 24,355 | 578,147 | |||||||||
Gross margin on sales | 228,461 | 4,141 | 224,320 | 456,690 | 8,688 | 448,002 | |||||||||
Research & development | 44,342 | 397 | 43,945 | 88,990 | 803 | 88,187 | |||||||||
Selling and administrative | 83,184 | 1,210 | 81,974 | 172,910 | 2,482 | 170,428 | |||||||||
Amortization | 3,709 | -- | 3,709 | 7,408 | -- | 7,408 | |||||||||
97,226 | 2,534 | 94,692 | 187,382 | 5,403 | 181,979 | ||||||||||
Restructuring and other charges | (7,716 | ) | -- | (7,716 | ) | (7,716 | ) | -- | (7,716 | ) | |||||
Interest expense | (6,114 | ) | -- | (6,114 | ) | (12,571 | ) | -- | (12,571 | ) | |||||
Other income (expense), net | (1,305 | ) | -- | (1,305 | ) | (2,730 | ) | -- | (2,730 | ) | |||||
Pretax income | 82,091 | 2,534 | 79,557 | 164,365 | 5,403 | 158,962 | |||||||||
Income taxes | 25,589 | 790 | 24,799 | 51,505 | 1,694 | 49,811 | |||||||||
Net Income | $ 56,502 | 1,744 | $ 54,758 | $112,860 | 3,709 | $109,151 | |||||||||
3rd Quarter | Germany and Switzerland Fruit Business | Germany and Switzerland Fruit Business | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | $6,094 | $39,137 | |||||||||||||
Cost of goods sold | 4,843 | 29,198 | |||||||||||||
Gross margin on sales | 1,251 | 9,939 | |||||||||||||
Research & development | 202 | 1,005 | |||||||||||||
Selling and administrative | 648 | 3,130 | |||||||||||||
Amortization | -- | -- | |||||||||||||
401 | 5,804 | ||||||||||||||
Restructuring and other charges | -- | -- | |||||||||||||
Interest expense | -- | -- | |||||||||||||
Other income (expense), net | -- | -- | |||||||||||||
Pretax income | 401 | 5,804 | |||||||||||||
Income taxes | 120 | 1,814 | |||||||||||||
Net Income | $ 281 | $ 3,990 | |||||||||||||