Seaboard Corporation (SEB) financial statements (2022 and earlier)
Company profile
| Business Address |
9000 W. 67TH STREET SHAWNEE MISSION, KS 66202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 515 - Farm-product Raw Materials (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,541 | 1,559 | 1,530 | 1,692 | 1,354 | 1,304 | 527 | ||
| Cash and cash equivalents | 76 | 125 | 194 | 116 | 77 | 50 | 36 | ||
| Short-term investments | 1,465 | 1,434 | 1,336 | 1,576 | 1,277 | 1,254 | 491 | ||
| Receivables | 532 | 646 | 551 | 482 | 627 | 510 | 634 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,178 | 1,022 | 815 | 780 | 762 | 739 | 736 | ||
| Inventory | 1,178 | 1,022 | 815 | 780 | 762 | 739 | 736 | ||
| Prepaid expense | 44 | 48 | 55 | 94 | |||||
| Other current assets | 59 | 75 | 76 | 80 | 105 | 111 | 110 | ||
| Other undisclosed current assets | 46 | ||||||||
| Total current assets: | 3,354 | 3,350 | 3,027 | 3,128 | 2,848 | 2,664 | 2,053 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 92 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 390 | 446 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,431 | 1,160 | 1,077 | 1,006 | 831 | 847 | |||
| Long-term investments and receivables | 698 | 735 | 804 | 851 | 799 | 871 | 720 | ||
| Long-term investments | 698 | 735 | 804 | 851 | 773 | 671 | 523 | ||
| Due from related parties | 26 | 200 | 197 | ||||||
| Intangible assets, net (including goodwill) | 221 | 222 | 236 | 22 | 22 | 15 | 19 | ||
| Goodwill | 167 | 164 | 167 | 22 | 19 | 12 | 15 | ||
| Intangible assets, net (excluding goodwill) | 54 | 58 | 69 | 3 | 3 | 4 | |||
| Deferred costs | 26 | 48 | |||||||
| Other noncurrent assets | 154 | 101 | 80 | 83 | 80 | 50 | 39 | ||
| Other undisclosed noncurrent assets | 1,464 | (48) | |||||||
| Total noncurrent assets: | 3,045 | 2,935 | 2,280 | 2,033 | 1,907 | 1,767 | 1,624 | ||
| TOTAL ASSETS: | 6,399 | 6,285 | 5,307 | 5,161 | 4,755 | 4,431 | 3,677 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 386 | 499 | 341 | 375 | 312 | 321 | 308 | ||
| Accounts payable | 276 | 368 | 218 | 256 | 194 | 200 | 182 | ||
| Employee-related liabilities | 110 | 131 | 123 | 118 | 118 | 121 | 127 | ||
| Taxes payable | 1 | ||||||||
| Deferred revenue | 89 | 80 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 65 | 171 | 187 | 215 | 138 | 145 | 76 | ||
| Deferred compensation liability | 23 | ||||||||
| Due to related parties | 7 | 14 | 20 | 16 | 22 | 39 | 33 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 47 | 66 | 47 | 51 | ||
| Contract with customer, liability | ✕ | ✕ | 39 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 145 | 130 | 108 | 91 | 112 | 98 | 93 | ||
| Other undisclosed current liabilities | 361 | 295 | 89 | 74 | 135 | 116 | 75 | ||
| Total current liabilities: | 1,076 | 1,189 | 784 | 818 | 785 | 766 | 635 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,025 | 1,109 | 739 | 482 | 499 | 518 | |||
| Long-term debt, excluding current maturities | 707 | 730 | 739 | 482 | 499 | 518 | |||
| Operating lease, liability | 318 | 379 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 470 | 433 | 455 | 453 | 296 | 265 | 365 | ||
| Accounts payable and accrued liabilities | 6 | 62 | 73 | 111 | |||||
| Deferred compensation liability, classified | 43 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | 127 | 112 | 77 | 41 | 96 | ||
| Deferred income tax liabilities | 103 | 76 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 179 | 159 | 136 | 128 | 121 | 132 | 136 | ||
| Other liabilities | 182 | 136 | 119 | 102 | 98 | 92 | 91 | ||
| Other undisclosed noncurrent liabilities | (43) | ||||||||
| Total noncurrent liabilities: | 1,495 | 1,542 | 1,194 | 935 | 795 | 783 | 322 | ||
| Total liabilities: | 2,571 | 2,731 | 1,978 | 1,753 | 1,580 | 1,549 | 957 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,817 | 3,544 | 3,318 | 3,397 | 3,162 | 2,876 | 2,716 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Accumulated other comprehensive loss | (471) | (440) | (410) | (354) | (304) | (278) | (253) | ||
| Retained earnings | 4,287 | 3,983 | 3,727 | 3,750 | 3,465 | 3,153 | 2,967 | ||
| Stockholders' equity attributable to noncontrolling interest | 11 | 10 | 11 | 11 | 13 | 6 | 4 | ||
| Total stockholders' equity: | 3,828 | 3,554 | 3,329 | 3,408 | 3,175 | 2,882 | 2,720 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,399 | 6,285 | 5,307 | 5,161 | 4,755 | 4,431 | 3,677 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,126 | 6,840 | 6,583 | 5,809 | 5,379 | 5,594 | 6,473 | |
| Revenue, net | ✕ | ✕ | ✕ | 5,809 | 5,379 | 5,594 | 6,473 | |
| Cost of revenue | (6,552) | (6,400) | (6,060) | (5,260) | (4,882) | (5,198) | (5,795) | |
| Cost of goods and services sold | (6,552) | (6,400) | (6,060) | (5,177) | (4,814) | (5,110) | (5,631) | |
| Gross profit: | 574 | 440 | 523 | 549 | 497 | 396 | 678 | |
| Operating expenses | (329) | (336) | (314) | (317) | (275) | (270) | (251) | |
| Other undisclosed operating loss | (4) | |||||||
| Operating income: | 245 | 104 | 209 | 232 | 222 | 126 | 424 | |
| Nonoperating income (expense) | 41 | 180 | (225) | 195 | 162 | 115 | 110 | |
| Investment income, nonoperating | 2 | 3 | 22 | 59 | ||||
| Foreign currency transaction gain (loss), before tax | (31) | 4 | 14 | 2 | 1 | (9) | ||
| Interest and debt expense | (19) | (36) | (44) | (29) | (29) | (18) | (20) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 267 | 248 | (60) | 398 | 355 | 223 | 514 | |
| Income from equity method investments | 35 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 19 | 36 | 44 | 29 | 29 | 18 | (15) | |
| Income (loss) from continuing operations before income taxes: | 286 | 284 | (16) | 427 | 384 | 241 | 534 | |
| Income tax expense | (3) | (1) | (1) | (181) | (70) | (69) | (168) | |
| Net income (loss): | 283 | 283 | (17) | 246 | 314 | 172 | 366 | |
| Net income (loss) attributable to noncontrolling interest | 1 | (2) | (1) | (1) | ||||
| Net income (loss) available to common stockholders, diluted: | 283 | 283 | (17) | 247 | 312 | 171 | 365 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 283 | 283 | (17) | 246 | 314 | 172 | 366 | |
| Other comprehensive loss | (30) | (30) | (50) | (5) | (26) | (25) | (71) | |
| Other undisclosed comprehensive income | 0 | |||||||
| Comprehensive income (loss): | 253 | 253 | (67) | 241 | 288 | 147 | 295 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | 1 | 1 | (2) | (1) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 252 | 253 | (66) | 242 | 286 | 146 | 294 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.