Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data

Summary of quarterly financial data

	1st		2nd		3rd		4th
(Millions of dollars except per share amounts)	Quarter		Quarter		Quarter		Quarter
As Previously Reported
Net sales	$	1,683	$	1,808	$	1,645	$	1,990
Cost of sales	$	1,548	$	1,717	$	1,527	$	1,768
Operating income	$	63	$	11	$	29	$	134
Other investment income (loss)	$	(225)	$	128	$	56	$	125
Net earnings (loss) attributable to Seaboard	$	(103)	$	(26)	$	147	$	259
Earnings (loss) per common share	$	(88.43)	$	(22.35)	$	126.17	$	222.52
Impact of Accounting Change
Cost of sales	$	—	$	2	$	(10)	$	—
Operating income	$	—	$	(2)	$	10	$	—
Net earnings (loss) attributable to Seaboard	$	—	$	(1)	$	7	$	—
Earnings (loss) per common share	$	(0.30)	$	(1.16)	$	6.41	$	—
As Adjusted
Cost of sales	$	1,548	$	1,719	$	1,517	$	1,768
Operating income	$	63	$	9	$	39	$	134
Net earnings (loss) attributable to Seaboard	$	(103)	$	(27)	$	154	$	259
Earnings (loss) per common share	$	(88.73)	$	(23.51)	$	132.58	$	222.52

2019:

	1st		2nd		3rd		4th
(Millions of dollars except per share amounts)	Quarter		Quarter		Quarter		Quarter
As Previously Reported
Net sales	$	1,543	$	1,822	$	1,663	$	1,812
Cost of sales	$	1,493	$	1,686	$	1,589	$	1,632
Operating income (loss)	$	(34)	$	53	$	(6)	$	91
Other investment income (loss)	$	113	$	37	$	2	$	73
Net earnings (loss) attributable to Seaboard	$	57	$	58	$	(7)	$	175
Earnings (loss) per common share	$	48.79	$	50.13	$	(6.00)	$	149.91
Impact of Accounting Change
Cost of sales	$	—	$	(10)	$	2	$	2
Operating income (loss)	$	—	$	10	$	(2)	$	(2)
Net earnings (loss) attributable to Seaboard	$	—	$	7	$	(1)	$	(2)
Earnings (loss) per common share	$	0.09	$	6.13	$	(1.23)	$	(1.16)
As Adjusted
Cost of sales	$	1,493	$	1,676	$	1,591	$	1,634
Operating income (loss)	$	(34)	$	63	$	(8)	$	89
Net earnings (loss) attributable to Seaboard	$	57	$	65	$	(8)	$	173
Earnings (loss) per common share	$	48.88	$	56.26	$	(7.23)	$	148.75