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

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows


	Years ended December 31,
(Millions of dollars) · 2023 · 2022 · 2021
Cash flows from operating activities:
Net earnings		$227	$582	$571
Adjustments to reconcile net earnings to cash from operating activities:
Depreciation and amortization		283	235	178
Deferred income taxes		(154)	(112)	(12)
Income from affiliates		(105)	(152)	(7)
Other investment loss (income), net		(85)	239	(133)
Dividends received from affiliates		117	40	44
Payment of contingent consideration in excess of acquisition date fair value		(16)	—	—
Other, net		23	39	43
Changes in assets and liabilities, net of acquisitions and dispositions:
Receivables, net of allowance		176	(188)	(228)
Inventories		200	(20)	(462)
Other assets		3	(7)	(20)
Accounts payable		(32)	26	117
Other liabilities, exclusive of debt		73	(6)	1
Net cash from operating activities		710	676	92
Cash flows from investing activities:
Purchase of short-term investments		(2,519)	(567)	(2,031)
Proceeds from sale of short-term investments		2,686	717	2,202
Proceeds from maturity of short-term investments		60	15	26
Capital expenditures		(506)	(474)	(460)
Proceeds from sale of property, plant and equipment		34	29	39
Purchase of long-term investments		(16)	(117)	(98)
Acquisition of businesses		—	(58)	(7)
Proceeds from sale of non-consolidated affiliates		—	13	—
Proceeds from the sale of subsidiaries, net of cash sold		—	17	—
Investments in and advances to affiliates		(11)	(4)	(1)
Other, net		(1)	(8)	28
Net cash from investing activities		(273)	(437)	(302)
Cash flows from financing activities:
Uncommitted lines of credit, net		(172)	(27)	135
Draws under committed lines of credit		1,173	1,215	672
Repayments of committed lines of credit		(1,199)	(1,241)	(515)
Proceeds from long-term debt		310	1	—
Principal payments of long-term debt		(8)	(8)	(55)
Finance lease payments		(57)	(44)	(14)
Payment of contingent consideration		(14)	—	—
Repurchase of common stock from affiliates		(600)	—	—
Dividends paid		(10)	(10)	(10)
Other, net		(4)	(2)	—
Net cash from financing activities		(581)	(116)	213
Effect of exchange rate changes on cash and cash equivalents		1	1	(4)
Net change in cash and cash equivalents		(143)	124	(1)
Cash and cash equivalents at beginning of year		199	75	76
Cash and cash equivalents at end of year		$56	$199	$75
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.