Schedule of assets and liabilities measured at fair value on a recurring basis |
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|
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Balance |
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|
|
|
|
|
|
|
|
December 31, |
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|
|
|
|
|
|
(Thousands of dollars) |
|
2013 |
|
Level 1 |
|
Level 2 |
|
Level 3 |
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|
|
|
|
|
|
|
|
|
|
Assets: |
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|
|
|
|
|
|
|
|
Available-for-sale securities – short-term investments: |
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
88,430 |
|
$ |
88,430 |
|
$ |
- |
|
$ |
- |
|
Corporate bonds |
|
70,258 |
|
- |
|
70,258 |
|
- |
|
U.S. Government agency securities |
|
27,147 |
|
- |
|
27,147 |
|
- |
|
Emerging markets debt mutual fund |
|
16,941 |
|
16,941 |
|
- |
|
- |
|
Asset backed debt securities |
|
8,477 |
|
- |
|
8,477 |
|
- |
|
Collateralized mortgage obligations |
|
7,600 |
|
- |
|
7,600 |
|
- |
|
U.S. Treasury securities |
|
5,223 |
|
- |
|
5,223 |
|
- |
|
Trading securities- short term investments: |
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|
|
|
|
|
|
|
|
High yield debt securities |
|
50,428 |
|
- |
|
50,428 |
|
- |
|
Money market funds |
|
11,033 |
|
11,033 |
|
- |
|
- |
|
Emerging markets trading debt mutual fund |
|
2,858 |
|
2,858 |
|
- |
|
- |
|
Emerging markets trading debt securities |
|
1,336 |
|
- |
|
1,336 |
|
- |
|
Other trading investments |
|
918 |
|
- |
|
918 |
|
- |
|
Trading securities – other current assets: |
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|
|
|
|
|
|
|
|
Domestic equity securities |
|
26,672 |
|
26,672 |
|
- |
|
- |
|
Foreign equity securities |
|
9,570 |
|
7,317 |
|
2,253 |
|
- |
|
Fixed income mutual funds |
|
3,974 |
|
3,974 |
|
- |
|
- |
|
Money market funds |
|
1,931 |
|
1,931 |
|
- |
|
- |
|
Other |
|
3,203 |
|
1,628 |
|
1,575 |
|
- |
|
Derivatives |
|
|
|
|
|
|
|
|
|
Commodities (1) |
|
2,331 |
|
2,331 |
|
- |
|
- |
|
Foreign currencies |
|
2,763 |
|
- |
|
2,763 |
|
- |
|
Total Assets |
|
$ |
341,093 |
|
$ |
163,115 |
|
$ |
177,978 |
|
$ |
- |
|
Liabilities: |
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|
|
|
|
|
|
|
|
Derivatives: |
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|
|
|
|
|
|
|
|
Commodities (1) |
|
$ |
16,014 |
|
$ |
15,422 |
|
$ |
592 |
|
$ |
- |
|
Interest rate swaps |
|
4,103 |
|
- |
|
4,103 |
|
- |
|
Foreign currencies |
|
101 |
|
- |
|
101 |
|
- |
|
Total Liabilities |
|
$ |
20,218 |
|
$ |
15,422 |
|
$ |
4,796 |
|
$ |
- |
|
(1) Seaboard’s commodities derivative assets and liabilities are presented in the Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts. As of December 31, 2013, the commodity derivatives had a margin account balance of $29,822,000 resulting in a net other current asset on the Consolidated Balance Sheets of $16,731,000 and an other accrued liability of $592,000.
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Balance |
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|
|
|
|
|
|
|
|
December 31, |
|
|
|
|
|
|
|
(Thousands of dollars) |
|
2012 |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
|
|
|
|
|
|
|
|
|
Assets: |
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|
|
|
|
|
|
|
|
Available-for-sale securities – short-term investments: |
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
126,537 |
|
$ |
126,537 |
|
$ |
- |
|
$ |
- |
|
Corporate bonds |
|
69,214 |
|
- |
|
69,214 |
|
- |
|
U.S. Government agency securities |
|
23,775 |
|
- |
|
23,775 |
|
- |
|
Emerging markets debt mutual fund |
|
18,734 |
|
18,734 |
|
- |
|
- |
|
U.S. Treasury securities |
|
17,169 |
|
- |
|
17,169 |
|
- |
|
Collateralized mortgage obligations |
|
15,162 |
|
- |
|
15,162 |
|
- |
|
Asset backed debt securities |
|
12,238 |
|
- |
|
12,238 |
|
- |
|
Trading securities- short term investments: |
|
|
|
|
|
|
|
|
|
High yield debt securities |
|
23,406 |
|
- |
|
23,406 |
|
- |
|
Emerging markets trading debt mutual fund |
|
3,237 |
|
3,237 |
|
- |
|
- |
|
Emerging markets trading debt securities |
|
2,600 |
|
- |
|
2,600 |
|
- |
|
Other trading investments |
|
1,307 |
|
822 |
|
485 |
|
- |
|
Trading securities – other current assets: |
|
|
|
|
|
|
|
|
|
Domestic equity securities |
|
15,864 |
|
15,864 |
|
- |
|
- |
|
Fixed income mutual funds |
|
7,153 |
|
7,153 |
|
- |
|
- |
|
Foreign equity securities |
|
6,831 |
|
4,218 |
|
2,613 |
|
- |
|
Money market funds |
|
3,157 |
|
3,157 |
|
- |
|
- |
|
U.S. Government agency securities |
|
2,117 |
|
- |
|
2,117 |
|
- |
|
U.S. Treasury securities |
|
1,567 |
|
- |
|
1,567 |
|
- |
|
Other |
|
299 |
|
187 |
|
112 |
|
- |
|
Derivatives |
|
|
|
|
|
|
|
|
|
Commodities (1) |
|
6,916 |
|
6,699 |
|
217 |
|
- |
|
Total Assets |
|
$ |
357,283 |
|
$ |
186,608 |
|
$ |
170,675 |
|
$ |
- |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
Derivatives: |
|
|
|
|
|
|
|
|
|
Commodities (1) |
|
$ |
7,112 |
|
$ |
7,112 |
|
$ |
- |
|
$ |
- |
|
Interest rate swaps |
|
9,810 |
|
- |
|
9,810 |
|
- |
|
Foreign currencies |
|
4,157 |
|
- |
|
4,157 |
|
- |
|
Total Liabilities |
|
$ |
21,079 |
|
$ |
7,112 |
|
$ |
13,967 |
|
$ |
- |
|
(1) Seaboard’s commodities derivative assets and liabilities are presented in the Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts. As of December 31, 2012, the commodity derivatives had a margin account balance of $14,063,000 resulting in a net other current asset on the Consolidated Balance Sheets of $13,867,000.
|
Schedule of fair value of each type of derivative and its location in the Consolidated Balance Sheets |
(Thousands of dollars) |
|
Asset Derivatives |
|
Liability Derivatives |
|
|
|
|
|
2013 |
|
2012 |
|
|
|
2013 |
|
2012 |
|
Commodities(1) |
|
Other current assets |
|
$2,331 |
|
$6,916 |
|
Other current assets |
|
$ |
16,014 |
|
$ |
7,112 |
|
Foreign currencies |
|
Other current assets |
|
2,763 |
|
- |
|
Other accrued liabilities |
|
101 |
|
4,157 |
|
Interest rate |
|
Other current assets |
|
- |
|
- |
|
Other accrued liabilities |
|
4,103 |
|
9,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Seaboard’s commodities derivative assets and liabilities are presented in the Consolidated Balance Sheets on a net basis, including netting the derivatives with the related margin accounts. As of December 31, 2013 and 2012, the commodity derivatives had a margin account balance of $29,822,000 and $14,063,000, respectively, resulting in a net other current asset on the Consolidated Balance Sheets of $16,731,000 and $13,867,000, respectively, and an other accrued liability of $592,000 as of December 31, 2013. |
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