Seaboard Corp (SEB) 10-K Annual Report February 2018

The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB) with offices at 9000 West 67th Street, Merriam, Kansas, for the three and twelve months ended December 31, 2017 and December 31, 2016, in millions of dollars except share and per share amounts.



	Three Months Ended				Twelve Months Ended
	December 31,		December 31,		December 31,		December 31,
	2017		2016		2017		2016
Net sales	$	1,586	$	1,373	$	5,809	$	5,379
Net earnings attributable to Seaboard	$	23	$	103	$	247	$	312

Earnings per common share	$	19.38	$	87.83	$	211.01	$	266.50
Average number of shares outstanding		1,170,550		1,170,550		1,170,550		1,170,550
Dividends declared per common share	$	1.50	$	—	$	6.00	$	—

Notes to Report of Earnings and Dividend Declaration:

In the fourth quarter of 2017, Seaboard Corporation recorded $65 million of additional income tax expense, or $55.31 per common share, as a result of the December 22, 2017 enactment of the Tax Cuts and Job Act. The additional income tax expense includes a provisional $112 million of additional federal tax, payable over eight years, associated with the mandatory deemed repatriation of permanently invested foreign profits, offset by an estimated reduction in deferred taxes resulting from the rate decrease from 35% to 21%.

Also, Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $1.50 per share of its common stock. The dividend is payable on March 15, 2018, to stockholders of record at the close of business on March 5, 2018.

Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard has provided access to the Annual Report on Form 10-K on its website at https://www.seaboardcorp.com/investors.

The following information was filed by Seaboard Corp (SEB) on Wednesday, February 21, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Seaboard Corp provided additional information to their SEC Filing as exhibits

Exhibit 2.1: Sale And Purchase Agreement Dated December 22, 2017

Exhibit 13: Seaboard Corporation 2017 Annual Report

Exhibit 21: List Of Subsidiaries

Exhibit 31.1: Certification Of The Chief Executive Officer Pursuant To Section 302

Exhibit 31.2: Certification Of The Chief Financial Officer Pursuant To Section 302

Exhibit 32.1: Certification Of The Chief Executive Officer Pursuant To Section 906

Exhibit 32.2: Certification Of The Chief Financial Officer Pursuant To Section 906

Exhibit 99.1: Audited Statements Of Butterball, Llc Dated December 31, 2017

Ticker: SEB
CIK: 88121
Form Type: 10-K Annual Report
Accession Number: 0000088121-18-000012
Submitted to the SEC: Wed Feb 21 2018 4:22:30 PM EST
Accepted by the SEC: Wed Feb 21 2018
Period: Sunday, December 31, 2017
Industry: Commodity Contracts Brokers And Dealers