Seaboard Corp Files 2024 Annual Report

TL;DR

Seaboard Corp dropped its 2024 10-K. All the deets on biz & financials.

AI Summary

Seaboard Corporation filed its 10-K for the fiscal year ending December 31, 2024. The company, headquartered in Shawnee Mission, KS, operates in the wholesale farm product raw materials sector. This filing provides a comprehensive overview of its business, financial condition, and results of operations for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with crucial financial and operational details about Seaboard Corporation's performance throughout 2024, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Players & Entities

• SEABOARD CORP /DE/ (company) — Filer
• 20241231 (date) — Fiscal Year End
• 20250213 (date) — Filing Date
• 9000 W. 67TH STREET (address) — Business Address
• SHAWNEE MISSION (location) — Business City
• KS (location) — Business State
• 66202 (zip_code) — Business Zip
• 9136768800 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $1.00 — hange on which registered Common Stock $1.00 Par Value SEB NYSE American Secur
• $3,160.74 — 1,842,390 based on the closing price of $3,160.74 per share on June 28, 2024, the end of

Filing Documents

• seb-20241231x10k.htm (10-K) — 4205KB
• seb-20241231xex10d20.htm (EX-10.20) — 25KB
• seb-20241231xex19.htm (EX-19) — 38KB
• seb-20241231xex21.htm (EX-21) — 413KB
• seb-20241231xex31d1.htm (EX-31.1) — 15KB
• seb-20241231xex31d2.htm (EX-31.2) — 16KB
• seb-20241231xex32d1.htm (EX-32.1) — 7KB
• seb-20241231xex32d2.htm (EX-32.2) — 8KB
• seb-20241231x10k001.jpg (GRAPHIC) — 55KB
• seb-20241231x10k002.jpg (GRAPHIC) — 4KB
• 0000088121-25-000017.txt ( ) — 20894KB
• seb-20241231.xsd (EX-101.SCH) — 67KB
• seb-20241231_cal.xml (EX-101.CAL) — 103KB
• seb-20241231_def.xml (EX-101.DEF) — 441KB
• seb-20241231_lab.xml (EX-101.LAB) — 826KB
• seb-20241231_pre.xml (EX-101.PRE) — 617KB
• seb-20241231x10k_htm.xml (XML) — 5459KB

Business

Business 2 Item 1A

Risk Factors

Risk Factors 6 Item 1B Unresolved Staff Comments 13 Item 1C Cybersecurity 14 Item 2

Properties

Properties 15 Item 3

Legal Proceedings

Legal Proceedings 16 Item 4 Mine Safety Disclosures 16 Part II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6 [Reserved] 17 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 26 Report of Independent Registered Public Accounting Firm 26 Consolidated Statements of Comprehensive Income 28 Consolidated Balance Sheets 29 Consolidated Statements of Changes in Equity 30 Consolidated Statements of Cash Flows 31

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 32 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 57 Item 9A

Controls and Procedures

Controls and Procedures 57 Item 9B Other Information 57 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 57 Part III Item 10 Directors, Executive Officers and Corporate Governance 57 Item 11

Executive Compensation

Executive Compensation 58 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 58 Item 13 Certain Relationships and Related Transactions, and Director Independence 58 Item 14 Principal Accountant Fees and Services 58 Part IV Item 15 Exhibits and Financial Statement Schedules 59 Item 16 Form 10-K Summary 61

Signatures

Signatures 62 PART I

Forward-looking Statements

Forward-looking Statements This report, including information included or incorporated by reference in this report, contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including with respect to the financial condition, results of operations, plans, objectives, future performance and business of Seaboard Corporation and its subsidiaries ("Seaboard"). Forward-looking statements generally may be identified as statements that are not historical in nature and statements preceded by, followed by or that include the words "believes," "expects," "plans," "may," "will," "should," "could," "anticipates," "estimates," "intends" or similar expressions. In more specific terms, forward-looking statements include, without limitation: (i) Seaboard's ability to obtain adequate financing and liquidity; (ii) the price of feedstocks and other materials used by Seaboard; (iii) the sale price or market conditions for pork, agricultural commodities, renewable diesel, biodiesel and related environmental credits, turkey and other products and services; (iv) the recorded tax effects under certain circumstances and changes in tax laws; (v) the volume of business and working capital requirements associated with the competitive trading environment for the Commodity Trading and Milling ("CT&M") segment; (vi) the charter hire rates and fuel prices for vessels; (vii) the fuel costs and related spot market prices for electricity in the Dominican Republic; (viii) the effect of the fluctuation in foreign currency exchange rates; (ix) the profitability or

View Full Filing

View this 10-K filing on SEC EDGAR