$SEB
SEABOARD CORP /DE/

2020 Q4 Form 10-Q Financial Statement

#000008812120000074 Filed on October 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $1.990B $1.645B $1.663B
YoY Change 9.82% -1.08% 0.73%
Cost Of Revenue $1.760B $1.517B $1.591B
YoY Change 7.71% -4.65% 4.05%
Gross Profit $230.0M $128.0M $74.00M
YoY Change 29.21% 72.97% -39.34%
Gross Profit Margin 11.56% 7.78% 4.45%
Selling, General & Admin $88.00M $89.00M $80.00M
YoY Change -1.12% 11.25% -5.88%
% of Gross Profit 38.26% 69.53% 108.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.00M $37.00M $35.00M
YoY Change 80.0% 5.71% 2.94%
% of Gross Profit 27.39% 28.91% 47.3%
Operating Expenses $88.00M $89.00M $80.00M
YoY Change -1.12% 11.25% -5.88%
Operating Profit $142.0M $39.00M -$8.000M
YoY Change 59.55% -587.5% -121.62%
Interest Expense $127.0M $6.000M $9.000M
YoY Change 71.62% -33.33% -25.0%
% of Operating Profit 89.44% 15.38%
Other Income/Expense, Net $0.00 $46.00M -$12.00M
YoY Change -100.0% -483.33% -152.17%
Pretax Income $269.0M $85.00M -$18.00M
YoY Change 54.6% -572.22% -130.0%
Income Tax $4.000M -$69.00M -$11.00M
% Of Pretax Income 1.49% -81.18%
Net Earnings $265.0M $154.0M -$7.000M
YoY Change 48.04% -2300.0% -120.59%
Net Earnings / Revenue 13.32% 9.36% -0.42%
Basic Earnings Per Share $132.60 -$7.23
Diluted Earnings Per Share $228.3M $132.7M -$6.008M
COMMON SHARES
Basic Shares Outstanding 1.161M 1.161M 1.165M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.541B $1.337B $1.539B
YoY Change -1.15% -13.13% -7.73%
Cash & Equivalents $76.00M $92.00M $121.0M
Short-Term Investments $1.465B $1.245B $1.418B
Other Short-Term Assets $103.0M $91.00M $112.0M
YoY Change 37.33% -18.75% -9.68%
Inventory $1.178B $1.062B $916.0M
Prepaid Expenses $44.00M
Receivables $532.0M $525.0M $529.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.354B $3.015B $3.096B
YoY Change -1.76% -2.62% -2.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.972B $1.918B $1.358B
YoY Change 37.81% 41.24% 23.68%
Goodwill $167.0M $164.0M $165.0M
YoY Change 1.83% -0.61%
Intangibles
YoY Change
Long-Term Investments $698.0M $698.0M $734.0M
YoY Change -5.03% -4.9% -10.81%
Other Assets $154.0M $181.0M $150.0M
YoY Change 52.48% 20.67% -56.14%
Total Long-Term Assets $3.045B $2.961B $2.850B
YoY Change 3.75% 3.89% 25.94%
TOTAL ASSETS
Total Short-Term Assets $3.354B $3.015B $3.096B
Total Long-Term Assets $3.045B $2.961B $2.850B
Total Assets $6.399B $5.976B $5.946B
YoY Change 0.79% 0.5% 9.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $276.0M $210.0M $235.0M
YoY Change -25.0% -10.64% 3.52%
Accrued Expenses $289.0M $111.0M $97.00M
YoY Change -4.62% 14.43%
Deferred Revenue $89.00M $58.00M $46.00M
YoY Change 11.25% 26.09%
Short-Term Debt $222.0M $271.0M $210.0M
YoY Change -9.76% 29.05% 29.63%
Long-Term Debt Due $55.00M $56.00M $58.00M
YoY Change -11.29% -3.45% 480.0%
Total Short-Term Liabilities $1.076B $1.010B $959.0M
YoY Change -9.5% 5.32% 24.71%
LONG-TERM LIABILITIES
Long-Term Debt $707.0M $683.0M $733.0M
YoY Change -3.15% -6.82% -1.08%
Other Long-Term Liabilities $188.0M $321.0M $262.0M
YoY Change 38.24% 22.52% -26.4%
Total Long-Term Liabilities $1.495B $1.421B $1.577B
YoY Change -4.11% -9.89% 43.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.076B $1.010B $959.0M
Total Long-Term Liabilities $1.495B $1.421B $1.577B
Total Liabilities $2.571B $2.431B $2.536B
YoY Change -6.44% -4.14% 25.36%
SHAREHOLDERS EQUITY
Retained Earnings $4.287B $3.978B $3.811B
YoY Change 6.38% 4.38%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.817B $3.535B $3.400B
YoY Change
Total Liabilities & Shareholders Equity $6.399B $5.976B $5.946B
YoY Change 0.79% 0.5% 9.4%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $265.0M $154.0M -$7.000M
YoY Change 48.04% -2300.0% -120.59%
Depreciation, Depletion And Amortization $63.00M $37.00M $35.00M
YoY Change 80.0% 5.71% 2.94%
Cash From Operating Activities $257.0M $34.00M $31.00M
YoY Change 154.46% 9.68% -69.61%
INVESTING ACTIVITIES
Capital Expenditures -$99.00M -$52.00M -$105.0M
YoY Change 12.5% -50.48% 183.78%
Acquisitions
YoY Change
Other Investing Activities -$150.0M $16.00M $36.00M
YoY Change -600.0% -55.56% -111.88%
Cash From Investing Activities -$249.0M -$36.00M -$69.00M
YoY Change 329.31% -47.83% -79.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.00M 15.00M 49.00M
YoY Change -29.27% -69.39% -79.58%
NET CHANGE
Cash From Operating Activities 257.0M 34.00M 31.00M
Cash From Investing Activities -249.0M -36.00M -69.00M
Cash From Financing Activities -29.00M 15.00M 49.00M
Net Change In Cash -21.00M 13.00M 11.00M
YoY Change -1150.0% 18.18% 450.0%
FREE CASH FLOW
Cash From Operating Activities $257.0M $34.00M $31.00M
Capital Expenditures -$99.00M -$52.00M -$105.0M
Free Cash Flow $356.0M $86.00M $136.0M
YoY Change 88.36% -36.76% -2.16%

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