SEABOARD CORP DE

For the period ended Dec 31, 2023. Filed Feb 13, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 13, 2024

SEB$3,783.74+7.2%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets


	December 31,
(Millions of dollars except share and per share amounts) · 2023 · 2022
Assets
Current assets:
Cash and cash equivalents		$56	$199
Short-term investments		973	1,086
Receivables:
Trade		500	588
Due from affiliates		127	195
Other		152	171
Total receivables		779	954
Allowance for credit losses		(30)	(31)
Receivables, net		749	923
Inventories		1,462	1,670
Other current assets		123	139
Total current assets		3,363	4,017
Property, plant and equipment, net of accumulated depreciation of $1,956 and $1,744		2,410	2,246
Operating lease right of use assets, net		394	445
Investments in and advances to affiliates		731	753
Goodwill		160	154
Other intangible assets, net		26	31
Deferred tax asset		199	17
Other non-current assets		283	239
Total assets		$7,566	$7,902
Liabilities and Stockholders’ Equity
Current liabilities:
Lines of credit		$255	$457
Accounts payable (includes $1 and $2 to affiliates)		400	429
Accrued compensation and benefits		143	158
Deferred revenue (includes $28 and $12 from affiliates)		66	70
Operating lease liabilities		117	156
Accrued voyage costs		56	61
Other current liabilities		298	198
Total current liabilities		1,335	1,529
Long-term debt, less current maturities		997	702
Long-term operating lease liabilities		304	318
Accrued pension liability		74	71
Deferred tax liability		32	—
Other non-current liabilities		190	268
Total liabilities		2,932	2,888
Commitments and contingent liabilities
Stockholders’ equity:
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 971,055 and 1,160,779 shares in 2023 and 2022, respectively		1	1
Accumulated other comprehensive loss		(410)	(422)
Retained earnings		5,025	5,417
Total Seaboard stockholders’ equity		4,616	4,996
Noncontrolling interests		18	18
Total equity		4,634	5,014
Total liabilities and equity		$7,566	$7,902
See accompanying notes to consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.