$SEB
SEABOARD CORP /DE/

2024 Q2 Form 10-Q Financial Statement

#000008812124000060 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $2.209B $2.191B
YoY Change -11.6%
Cost Of Revenue $2.080B $2.104B
YoY Change -15.62%
Gross Profit $129.0M $87.00M
YoY Change 279.41%
Gross Profit Margin 5.84% 3.97%
Selling, General & Admin $99.00M $107.0M
YoY Change 2.06%
% of Gross Profit 76.74% 122.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.00M $69.00M
YoY Change 2.82%
% of Gross Profit 56.59% 79.31%
Operating Expenses $99.00M $107.0M
YoY Change 2.06%
Operating Profit $30.00M -$20.00M
YoY Change -147.62%
Interest Expense $17.00M $43.00M
YoY Change -66.0%
% of Operating Profit 56.67%
Other Income/Expense, Net $16.00M $0.00
YoY Change -68.0%
Pretax Income $46.00M $23.00M
YoY Change -453.85%
Income Tax -$15.00M $1.000M
% Of Pretax Income -32.61% 4.35%
Net Earnings $61.00M $22.00M
YoY Change -481.25%
Net Earnings / Revenue 2.76% 1.0%
Basic Earnings Per Share $62.82 $22.66
Diluted Earnings Per Share $62.82 $22.66
COMMON SHARES
Basic Shares Outstanding 971.1K 971.1K
Diluted Shares Outstanding 971.1K

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.151B $1.157B
YoY Change -11.26%
Cash & Equivalents $79.00M $78.00M
Short-Term Investments $1.072B $1.079B
Other Short-Term Assets $129.0M $132.0M
YoY Change -12.84%
Inventory $1.399B $1.324B
Prepaid Expenses
Receivables $823.0M $622.0M
Other Receivables $186.0M $152.0M
Total Short-Term Assets $3.502B $3.387B
YoY Change -9.42%
LONG-TERM ASSETS
Property, Plant & Equipment $2.860B $2.835B
YoY Change 6.72%
Goodwill $161.0M $163.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $854.0M $877.0M
YoY Change 12.52%
Other Assets $227.0M $290.0M
YoY Change -31.0%
Total Long-Term Assets $4.196B $4.190B
YoY Change 6.8%
TOTAL ASSETS
Total Short-Term Assets $3.502B $3.387B
Total Long-Term Assets $4.196B $4.190B
Total Assets $7.698B $7.577B
YoY Change -1.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $359.0M $348.0M
YoY Change -2.45%
Accrued Expenses $128.0M $123.0M
YoY Change -15.23%
Deferred Revenue $52.00M $60.00M
YoY Change -48.51%
Short-Term Debt $471.0M $389.0M
YoY Change 2.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.427B $1.334B
YoY Change -1.79%
LONG-TERM LIABILITIES
Long-Term Debt $992.0M $994.0M
YoY Change 41.92%
Other Long-Term Liabilities $278.0M $595.0M
YoY Change -17.01%
Total Long-Term Liabilities $1.270B $1.589B
YoY Change 22.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.427B $1.334B
Total Long-Term Liabilities $1.270B $1.589B
Total Liabilities $2.985B $2.941B
YoY Change 7.14%
SHAREHOLDERS EQUITY
Retained Earnings $5.104B $5.045B
YoY Change -5.45%
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 $4.695B $4.636B
YoY Change
Total Liabilities & Shareholders Equity $7.698B $7.577B
YoY Change -1.24%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $61.00M $22.00M
YoY Change -481.25%
Depreciation, Depletion And Amortization $73.00M $69.00M
YoY Change 2.82%
Cash From Operating Activities $6.000M $19.00M
YoY Change -93.55%
INVESTING ACTIVITIES
Capital Expenditures $133.0M $104.0M
YoY Change 19.82%
Acquisitions $3.000M
YoY Change
Other Investing Activities $40.00M -$9.000M
YoY Change 3900.0%
Cash From Investing Activities -$93.00M -$113.0M
YoY Change -51.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M
YoY Change
Cash From Financing Activities 89.00M 119.0M
YoY Change -656.25%
NET CHANGE
Cash From Operating Activities 6.000M 19.00M
Cash From Investing Activities -93.00M -113.0M
Cash From Financing Activities 89.00M 119.0M
Net Change In Cash 2.000M 25.00M
YoY Change -101.74%
FREE CASH FLOW
Cash From Operating Activities $6.000M $19.00M
Capital Expenditures $133.0M $104.0M
Free Cash Flow -$127.0M -$85.00M
YoY Change 605.56%

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