Seaboard Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	496	88	226	580	570
Depreciation & Amortization	318	311	283	235	178
Loss (Gain) From Sale of Investments	-39	-19	-85	239	-133
Loss (Gain) on Equity Investments	-138	-85	-105	-152	-7
Other Operating Activities	31	236	-29	-31	76
Change in Accounts Receivable	26	-46	176	-188	-228
Change in Inventory	-93	61	200	-20	-462
Change in Accounts Payable	-42	-5	-32	26	117
Change in Other Net Operating Assets	9	-22	76	-13	-19
Operating Cash Flow	568	519	710	676	92
Operating Cash Flow Growth	9.44%	-26.90%	5.03%	634.78%	-68.38%
Capital Expenditures	-562	-511	-506	-474	-460
Sale of Property, Plant & Equipment	35	34	34	29	39
Cash Acquisitions	-	-	-	-58	-7
Investment in Securities	-19	-11	211	57	98
Other Investing Activities	3	4	-12	9	28
Investing Cash Flow	-543	-484	-273	-437	-302
Short-Term Debt Issued	951	1,469	1,173	1,215	807
Long-Term Debt Issued	-	-	310	1	-
Total Debt Issued	951	1,469	1,483	1,216	807
Short-Term Debt Repaid	-809	-1,380	-1,371	-1,268	-515
Long-Term Debt Repaid	-49	-59	-65	-52	-69
Total Debt Repaid	-858	-1,439	-1,436	-1,320	-584
Net Debt Issued (Repaid)	93	30	47	-104	223
Repurchase of Common Stock	-39	-8	-600	-	-
Common Dividends Paid	-9	-9	-10	-10	-10
Other Financing Activities	-1	-1	-18	-2	-
Financing Cash Flow	44	12	-581	-116	213
Foreign Exchange Rate Adjustments	11	-5	1	1	-4
Net Cash Flow	80	42	-143	124	-1
Free Cash Flow	6	8	204	202	-368
Free Cash Flow Growth	-25.00%	-96.08%	0.99%	-	-
Free Cash Flow Margin	0.06%	0.09%	2.13%	1.80%	-3.99%
Free Cash Flow Per Share	6.22	8.24	182.53	174.02	-317.03
Cash Interest Paid	75	57	56	35	10
Cash Income Tax Paid	-6	40	47	101	104
Levered Free Cash Flow	-224.38	-140.5	136.38	-12.63	-591.38
Unlevered Free Cash Flow	-180.63	-95.5	172.63	12.38	-583.25
Change in Working Capital	-100	-12	420	-195	-592

Source: S&P Global Market Intelligence. Standard template. Financial Sources.