Seaboard Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	397	88	226	580	570	283
Depreciation & Amortization	332	311	283	235	178	172
Loss (Gain) From Sale of Investments	-22	-19	-85	239	-133	-84
Loss (Gain) on Equity Investments	-107	-85	-105	-152	-7	18
Other Operating Activities	162	236	-29	-31	76	9
Change in Accounts Receivable	-9	-46	176	-188	-228	104
Change in Inventory	-14	61	200	-20	-462	-99
Change in Accounts Payable	-32	-5	-32	26	117	-99
Change in Other Net Operating Assets	-27	-22	76	-13	-19	-13
Operating Cash Flow	680	519	710	676	92	291
Operating Cash Flow Growth	95.40%	-26.90%	5.03%	634.78%	-68.38%	70.17%
Capital Expenditures	-565	-511	-506	-474	-460	-259
Sale of Property, Plant & Equipment	37	34	34	29	39	4
Cash Acquisitions	-	-	-	-58	-7	-27
Investment in Securities	-37	2	200	57	98	52
Other Investing Activities	1	-9	-1	9	28	-32
Investing Cash Flow	-564	-484	-273	-437	-302	-262
Short-Term Debt Issued	-	1,469	1,173	1,215	807	290
Long-Term Debt Issued	-	-	310	1	-	37
Total Debt Issued	1,347	1,469	1,483	1,216	807	327
Short-Term Debt Repaid	-	-1,380	-1,371	-1,268	-515	-308
Long-Term Debt Repaid	-	-59	-65	-52	-69	-76
Total Debt Repaid	-1,312	-1,439	-1,436	-1,320	-584	-384
Net Debt Issued (Repaid)	35	30	47	-104	223	-57
Repurchase of Common Stock	-46	-8	-600	-	-	-13
Common Dividends Paid	-9	-9	-10	-10	-10	-10
Other Financing Activities	-3	-1	-18	-2	-	-2
Financing Cash Flow	-23	12	-581	-116	213	-82
Foreign Exchange Rate Adjustments	6	-5	1	1	-4	4
Net Cash Flow	99	42	-143	124	-1	-49
Free Cash Flow	115	8	204	202	-368	32
Free Cash Flow Growth	-	-96.08%	0.99%	-	-	-
Free Cash Flow Margin	1.17%	0.09%	2.13%	1.80%	-3.99%	0.45%
Free Cash Flow Per Share	118.86	8.24	182.53	174.02	-317.03	27.55
Cash Interest Paid	57	57	56	35	10	16
Cash Income Tax Paid	40	40	47	101	104	55
Levered Free Cash Flow	-165.25	-142.38	140.75	-12.63	-591.38	-8
Unlevered Free Cash Flow	-120.88	-97.38	177	12.38	-583.25	3.88
Change in Working Capital	-82	-12	420	-195	-592	-107

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