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$3,765.00-0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income


· · Years ended December 31, ·
(Millions of dollars except share and per share amounts) · 2023 · 2022 · 2021
Net sales:
Products (includes sales to affiliates of $1,119, $1,463 and $1,396)	$7,754	$8,979	$7,714
Services revenues (includes sales to affiliates of $27, $20 and $20)	1,566	2,100	1,445
Other	242	164	70
Total net sales	9,562	11,243	9,229
Cost of sales and operating expenses:
Products	7,893	8,707	7,223
Services	1,194	1,369	1,124
Other	159	137	64
Total cost of sales and operating expenses	9,246	10,213	8,411
Gross income	316	1,030	818
Selling, general and administrative expenses	403	373	360
Operating income (loss)	(87)	657	458
Other income (expense):
Interest expense	(58)	(40)	(13)
Interest income	62	32	22
Income from affiliates	105	152	7
Other investment income (loss), net	85	(239)	133
Foreign currency gains (losses), net	(4)	5	16
Miscellaneous, net	4	12	13
Total other income (expense), net	194	(78)	178
Earnings before income taxes	107	579	636
Income tax benefit (expense)	120	3	(65)
Net earnings	$227	$582	$571
Less: Net earnings attributable to noncontrolling interests	(1)	(2)	(1)
Net earnings attributable to Seaboard	$226	$580	$570

Earnings per common share	$202.21	$499.66	$490.36
Average number of shares outstanding	1,117,636	1,160,779	1,160,779

Other comprehensive income (loss), net of income tax expense of $(4), $(8) and $(8):
Foreign currency translation adjustment	(3)	(33)	8
Unrecognized pension cost	15	43	31
Other comprehensive income, net of tax	$12	$10	$39
Comprehensive income	239	592	610
Less: Comprehensive income attributable to noncontrolling interests	(1)	(2)	(1)
Comprehensive income attributable to Seaboard	$238	$590	$609
See accompanying notes to consolidated financial statements.

ContentsView on SEC.gov

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