Seaboard Corporation (SEB) financial statements (2021 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 investments1,5411,5591,5301,6921,3541,304527
Cash and cash equivalents76125194116775036
Short-term investments1,4651,4341,3361,5761,2771,254491
Receivables532646551482627510634
Inventory, net of allowances, customer advances and progress billings1,1781,022815780762739736
Inventory1,1781,022815780762739736
Prepaid expense44485594   
Other current assets59757680105111110
Other undisclosed current assets      46
Total current assets:3,3543,3503,0273,1282,8482,6642,053
Noncurrent Assets
Finance lease, right-of-use asset92 
Operating lease, right-of-use asset390446
Property, plant and equipment 1,4311,1601,0771,006831847
Long-term investments and receivables698735804851799871720
Long-term investments698735804851773671523
Due from related parties    26200197
Intangible assets, net (including goodwill)22122223622221519
Goodwill16716416722191215
Intangible assets, net (excluding goodwill)545869 334
Deferred costs26     48
Other noncurrent assets1541018083805039
Other undisclosed noncurrent assets1,464     (48)
Total noncurrent assets:3,0452,9352,2802,0331,9071,7671,624
TOTAL ASSETS:6,3996,2855,3075,1614,7554,4313,677
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities386499341375312321308
Accounts payable276368218256194200182
Employee-related liabilities110131123118118121127
Taxes payable   1   
Deferred revenue8980
Debt6517118721513814576
Deferred compensation liability23      
Due to related parties7142016223933
Deferred revenue and credits47664751
Contract with customer, liability39
Other liabilities145130108911129893
Other undisclosed current liabilities361295897413511675
Total current liabilities:1,0761,189784818785766635
Noncurrent Liabilities
Long-term debt and lease obligation1,0251,109739482499518 
Long-term debt, excluding current maturities707730739482499518 
Operating lease, liability318379
Liabilities, other than long-term debt470433455453296265365
Accounts payable and accrued liabilities66273111   
Deferred compensation liability, classified      43
Deferred tax liabilities, net127112774196
Deferred income tax liabilities10376
Liability, pension and other postretirement and postemployment benefits179159136128121132136
Other liabilities182136119102989291
Other undisclosed noncurrent liabilities      (43)
Total noncurrent liabilities:1,4951,5421,194935795783322
Total liabilities:2,5712,7311,9781,7531,5801,549957
Stockholders' equity
Stockholders' equity attributable to parent3,8173,5443,3183,3973,1622,8762,716
Common stock1111111
Accumulated other comprehensive loss(471)(440)(410)(354)(304)(278)(253)
Retained earnings4,2873,9833,7273,7503,4653,1532,967
Stockholders' equity attributable to noncontrolling interest111011111364
Total stockholders' equity:3,8283,5543,3293,4083,1752,8822,720
TOTAL LIABILITIES AND EQUITY:6,3996,2855,3075,1614,7554,4313,677

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
Revenues7,1266,8406,5835,8095,3795,5946,473
Revenue, net5,8095,3795,5946,473
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:574440523549497396678
Operating expenses(329)(336)(314)(317)(275)(270)(251)
Other undisclosed operating loss      (4)
Operating income:245104209232222126424
Nonoperating income (expense)41180(225)195162115110
Investment income, nonoperating 2322  59
Foreign currency transaction gain (loss), before tax(31) 41421(9)
Interest and debt expense(19)(36)(44)(29)(29)(18)(20)
Income (loss) from continuing operations before equity method investments, income taxes:267248(60)398355223514
Income from equity method investments      35
Other undisclosed income (loss) from continuing operations before income taxes193644292918(15)
Income (loss) from continuing operations before income taxes:286284(16)427384241534
Income tax expense(3)(1)(1)(181)(70)(69)(168)
Net income (loss):283283(17)246314172366
Net income (loss) attributable to noncontrolling interest   1(2)(1)(1)
Net income (loss) available to common stockholders, diluted:283283(17)247312171365

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):283283(17)246314172366
Other comprehensive loss(30)(30)(50)(5)(26)(25)(71)
Other undisclosed comprehensive income      0
Comprehensive income (loss):253253(67)241288147295
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1) 11(2)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:252253(66)242286146294

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.

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