EX-99.3 5 dex993.txt UNAUDITED QUARTERLY PRO-FORMA HISTORICAL Exhibit 99.3 International Flavors & Fragrances Inc. 2001 Quarterly Pro-Forma Information (Dollars in thousands) The following quarterly pro-forma information reflects the businesses disposed of during 2001 and the pro-forma effects of adopting FAS 142, Goodwill and Other Intangible Assets.
1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Year Ended Ended Ended Ended Ended 3/31/01 6/30/01 9/30/01 12/31/01 12/31/01 ----------------------------------------------- ------------- Net Sales $ 463,973 $ 462,890 $ 447,771 $ 409,647 $ 1,784,281 --------------------------------------------- ------------ Cost of goods sold 265,535 256,737 255,450 233,438 1,011,160 Research and development expenses 35,049 35,284 31,344 32,533 134,210 Selling and administrative expenses 84,985 80,410 72,041 73,475 310,911 Amortization of goodwill and other intangibles 3,158 3,158 3,158 3,158 12,632 Nonrecurring charges 12,420 8,780 8,869 - 30,069 Interest expense 22,300 17,634 16,545 13,945 70,424 Other (income) expense, net (240) 1,006 (1,864) (1,511) (2,609) ---------------------------------------------- ------------- 423,207 403,009 385,543 355,038 1,566,797 ---------------------------------------------- ------------- Income before taxes on income 40,766 59,881 62,228 54,609 217,484 Taxes on income 13,248 19,461 20,224 17,748 70,681 ---------------------------------------------- ------------- Net Income $ 27,518 $ 40,420 $ 42,004 $ 36,861 $ 146,803 ================================================ =============