$SEB
SEABOARD CORP /DE/

2019 Q4 Form 10-Q Financial Statement

#000008812119000039 Filed on October 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $1.812B $1.663B $1.651B
YoY Change 9.03% 0.73% 16.1%
Cost Of Revenue $1.634B $1.591B $1.529B
YoY Change 5.49% 4.05% 18.25%
Gross Profit $178.0M $74.00M $122.0M
YoY Change 57.52% -39.34% -5.43%
Gross Profit Margin 9.82% 4.45% 7.39%
Selling, General & Admin $89.00M $80.00M $85.00M
YoY Change 27.14% -5.88% 13.33%
% of Gross Profit 50.0% 108.11% 69.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.00M $35.00M $34.00M
YoY Change 6.06% 2.94% 17.24%
% of Gross Profit 19.66% 47.3% 27.87%
Operating Expenses $89.00M $80.00M $85.00M
YoY Change 27.14% -5.88% 13.33%
Operating Profit $89.00M -$8.000M $37.00M
YoY Change 106.98% -121.62% -31.48%
Interest Expense $74.00M $9.000M $12.00M
YoY Change -140.66% -25.0% -60.0%
% of Operating Profit 83.15% 32.43%
Other Income/Expense, Net $3.000M -$12.00M $23.00M
YoY Change -250.0% -152.17%
Pretax Income $174.0M -$18.00M $60.00M
YoY Change -223.4% -130.0% -28.57%
Income Tax -$5.000M -$11.00M $26.00M
% Of Pretax Income -2.87% 43.33%
Net Earnings $179.0M -$7.000M $34.00M
YoY Change -296.7% -120.59% -41.38%
Net Earnings / Revenue 9.88% -0.42% 2.06%
Basic Earnings Per Share $148.80 -$7.23 $29.93
Diluted Earnings Per Share $153.7M -$6.008M $29.17M
COMMON SHARES
Basic Shares Outstanding 1.165M 1.165M 1.171M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.559B $1.539B $1.668B
YoY Change 1.9% -7.73% 14.17%
Cash & Equivalents $125.0M $121.0M $78.00M
Short-Term Investments $1.434B $1.418B $1.590B
Other Short-Term Assets $75.00M $112.0M $124.0M
YoY Change -1.32% -9.68% 4.2%
Inventory $1.086B $916.0M $874.0M
Prepaid Expenses $48.00M
Receivables $646.0M $529.0M $506.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.414B $3.096B $3.172B
YoY Change 12.78% -2.4% 9.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.431B $1.358B $1.098B
YoY Change 23.36% 23.68% 6.19%
Goodwill $164.0M $165.0M
YoY Change -1.8%
Intangibles
YoY Change
Long-Term Investments $735.0M $734.0M $823.0M
YoY Change -8.58% -10.81% -0.12%
Other Assets $101.0M $150.0M $342.0M
YoY Change 26.25% -56.14% 338.46%
Total Long-Term Assets $2.935B $2.850B $2.263B
YoY Change 28.73% 25.94% 15.75%
TOTAL ASSETS
Total Short-Term Assets $3.414B $3.096B $3.172B
Total Long-Term Assets $2.935B $2.850B $2.263B
Total Assets $6.349B $5.946B $5.435B
YoY Change 19.63% 9.4% 11.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $368.0M $235.0M $227.0M
YoY Change 54.62% 3.52% 20.74%
Accrued Expenses $303.0M $97.00M
YoY Change 67.4%
Deferred Revenue $80.00M $46.00M
YoY Change 14.29%
Short-Term Debt $246.0M $210.0M $162.0M
YoY Change 66.22% 29.63% 14.08%
Long-Term Debt Due $62.00M $58.00M $10.00M
YoY Change 58.97% 480.0% -44.44%
Total Short-Term Liabilities $1.189B $959.0M $769.0M
YoY Change 51.66% 24.71% 3.78%
LONG-TERM LIABILITIES
Long-Term Debt $730.0M $733.0M $741.0M
YoY Change -1.22% -1.08% 49.7%
Other Long-Term Liabilities $136.0M $262.0M $356.0M
YoY Change 14.29% -26.4% 67.92%
Total Long-Term Liabilities $1.559B $1.577B $1.097B
YoY Change 30.57% 43.76% 55.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.189B $959.0M $769.0M
Total Long-Term Liabilities $1.559B $1.577B $1.097B
Total Liabilities $2.748B $2.536B $2.023B
YoY Change 38.93% 25.36% 29.93%
SHAREHOLDERS EQUITY
Retained Earnings $4.030B $3.811B
YoY Change 8.13%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.591B $3.400B $3.412B
YoY Change
Total Liabilities & Shareholders Equity $6.349B $5.946B $5.435B
YoY Change 19.63% 9.4% 11.79%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $179.0M -$7.000M $34.00M
YoY Change -296.7% -120.59% -41.38%
Depreciation, Depletion And Amortization $35.00M $35.00M $34.00M
YoY Change 6.06% 2.94% 17.24%
Cash From Operating Activities $101.0M $31.00M $102.0M
YoY Change 40.28% -69.61% -44.26%
INVESTING ACTIVITIES
Capital Expenditures -$88.00M -$105.0M -$37.00M
YoY Change 31.34% 183.78% -11.9%
Acquisitions
YoY Change
Other Investing Activities $30.00M $36.00M -$303.0M
YoY Change -71.15% -111.88% 165.79%
Cash From Investing Activities -$58.00M -$69.00M -$340.0M
YoY Change -256.76% -79.71% 117.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.00M 49.00M 240.0M
YoY Change -920.0% -79.58% -6100.0%
NET CHANGE
Cash From Operating Activities 101.0M 31.00M 102.0M
Cash From Investing Activities -58.00M -69.00M -340.0M
Cash From Financing Activities -41.00M 49.00M 240.0M
Net Change In Cash 2.000M 11.00M 2.000M
YoY Change -98.25% 450.0% -91.3%
FREE CASH FLOW
Cash From Operating Activities $101.0M $31.00M $102.0M
Capital Expenditures -$88.00M -$105.0M -$37.00M
Free Cash Flow $189.0M $136.0M $139.0M
YoY Change 35.97% -2.16% -38.22%

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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-9000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-52000000
CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-7000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
1000000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3000000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-24000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-53000000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-412000000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-410000000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8000000
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.20
seb Anticipated Tax Expense Associated With Base Erosion And Anti Abuse Tax Provision
AnticipatedTaxExpenseAssociatedWithBaseErosionAndAntiAbuseTaxProvision
0
seb Anticipated Tax Expense Associated With Global Intangible Low Taxed Income Provision
AnticipatedTaxExpenseAssociatedWithGlobalIntangibleLowTaxedIncomeProvision
3000000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-6000000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
37000000
us-gaap Operating Income Loss
OperatingIncomeLoss
13000000
us-gaap Operating Income Loss
OperatingIncomeLoss
166000000
CY2019Q3 us-gaap Assets
Assets
5946000000
CY2018Q4 us-gaap Assets
Assets
5307000000
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
734000000
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
804000000

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