SEABOARD CORP DE

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

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.

FY2024 · Filed Feb 13, 2025

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) · 2024 · 2023 · 2022
Net sales:
Products (includes sales to affiliates of $1,168, $1,119 and $1,463)	$7,381	$7,754	$8,979
Services (includes sales to affiliates of $38, $27 and $20)	1,473	1,566	2,100
Other	246	242	164
Total net sales	9,100	9,562	11,243
Cost of sales and operating expenses:
Products	7,129	7,893	8,707
Services	1,227	1,194	1,369
Other	168	159	137
Total cost of sales and operating expenses	8,524	9,246	10,213
Gross income	576	316	1,030
Selling, general and administrative expenses	420	403	373
Operating income (loss)	156	(87)	657
Other income (expense):
Interest expense (includes $1, $0 and $0 from affiliates)	(72)	(58)	(40)
Interest income (includes $3, $5 and $2 from affiliates)	68	62	32
Income from affiliates	85	105	152
Other investment income (loss), net	19	85	(239)
Foreign currency gains (losses), net	(9)	(4)	5
Miscellaneous, net	(1)	4	12
Total other income (expense), net	90	194	(78)
Earnings before income taxes	246	107	579
Income tax benefit (expense)	(156)	120	3
Net earnings	$90	$227	$582
Less: Net earnings attributable to noncontrolling interests	(2)	(1)	(2)
Net earnings attributable to Seaboard	$88	$226	$580

Earnings per common share	$90.62	$202.21	$499.66
Average number of shares outstanding	971,055	1,117,636	1,160,779

Other comprehensive income, net of income tax expense of $0, $(4) and $(8):
Foreign currency translation adjustment	4	(3)	(33)
Unrecognized pension cost	30	15	43
Other comprehensive income, net of tax	$34	$12	$10
Comprehensive income	124	239	592
Less: Comprehensive income attributable to noncontrolling interests	(2)	(1)	(2)
Comprehensive income attributable to Seaboard	$122	$238	$590
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.