SEABOARD CORP DE

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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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.

FY2024 · Filed Feb 13, 2025

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) · 2024 · 2023
Assets
Current assets:
Cash and cash equivalents		$98	$56
Short-term investments		1,075	973
Receivables:
Trade		569	500
Due from affiliates		87	127
Other (includes $5 and $0 due from affiliates)		166	152
Total receivables		822	779
Allowance for credit losses		(31)	(30)
Receivables, net		791	749
Inventories		1,408	1,462
Other current assets		146	123
Total current assets		3,518	3,363
Property, plant and equipment, net of accumulated depreciation of $2,162 and $1,956		2,560	2,410
Operating lease right-of-use assets, net		382	394
Investments in and advances to affiliates		738	731
Goodwill		164	160
Other intangible assets, net		19	26
Deferred tax asset		69	199
Other non-current assets (includes $1 and $2 due from affiliates)		215	283
Total assets		$7,665	$7,566
Liabilities and Stockholders’ Equity
Current liabilities:
Lines of credit		$314	$255
Accounts payable (includes $31 and $1 to affiliates)		418	400
Accrued compensation and benefits		128	143
Deferred revenue (includes $17 and $28 from affiliates)		83	66
Operating lease liabilities		134	117
Accrued voyage costs		74	56
Other current liabilities		256	298
Total current liabilities		1,407	1,335
Long-term debt, less current maturities		987	997
Long-term operating lease liabilities		276	304
Accrued pension liability		67	74
Deferred tax liability		32	32
Other non-current liabilities		147	190
Total liabilities		2,916	2,932
Commitments and contingent liabilities
Stockholders’ equity:
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 971,055 shares in 2024 and 2023		1	1
Accumulated other comprehensive loss		(376)	(410)
Retained earnings		5,104	5,025
Total Seaboard stockholders’ equity		4,729	4,616
Noncontrolling interests		20	18
Total equity		4,749	4,634
Total liabilities and equity		$7,665	$7,566
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.