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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
ASSETS      
Cash and cash equivalents $ 86,566 $ 81,648 $ 84,688
Accounts receivable, net 319,114 385,437 279,900
Advances to suppliers, net 99,875 129,838 70,377
Accounts receivable—unconsolidated affiliates 48,512 4,540 52,047
Inventories—at lower of cost or net realizable value:      
Tobacco 1,080,362 822,513 874,381
Other 198,966 194,161 140,249
Prepaid income taxes 11,370 13,095 17,804
Other current assets 90,380 116,779 85,016
Total current assets 1,935,145 1,748,011 1,604,462
Property, plant and equipment      
Land 23,872 23,959 23,439
Buildings 294,179 293,935 293,734
Machinery and equipment 669,967 668,451 661,753
Total property, plant and equipment 988,018 986,345 978,926
Less accumulated depreciation (642,918) (641,227) (627,279)
Property, plant and equipment, net 345,100 345,118 351,647
Other assets      
Operating lease right-of-use assets 41,099 40,243 31,281
Goodwill, net 213,902 213,998 173,041
Other intangibles, net 89,352 92,571 69,905
Investments in unconsolidated affiliates 75,188 81,006 85,064
Deferred income taxes 14,532 11,616 18,013
Pension asset 12,704 12,667 11,764
Other noncurrent assets 52,356 41,115 50,916
Total other assets 499,133 493,216 439,984
Total assets 2,779,378 2,586,345 2,396,093
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 454,659 182,639 153,337
Accounts payable and accrued expenses 235,618 272,042 158,013
Accounts payable—unconsolidated affiliates 88 5,308 18
Customer advances and deposits 19,438 13,724 9,307
Accrued compensation 15,933 27,281 18,576
Income taxes payable 5,708 7,427 5,919
Current portion of operating lease liabilities 10,568 10,303 7,998
Current portion of long-term debt 0 0 0
Total current liabilities 742,012 518,724 353,168
Long-term debt 518,798 518,547 518,297
Pensions and other postretirement benefits 51,528 52,890 55,622
Long-term operating lease liabilities 28,727 29,617 20,826
Other long-term liabilities 30,024 34,464 59,815
Deferred income taxes 48,230 47,334 46,810
Total liabilities 1,419,319 1,201,576 1,054,538
Shareholders' equity      
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding 0 0 0
Common stock, no par value, 100,000,000 shares authorized 24,605,889 shares issued and outstanding at June 30, 2022 (24,577,254 at June 30, 2021 and 24,550,019 at March 31, 2022) 332,520 330,662 327,471
Retained earnings 1,081,309 1,094,192 1,074,586
Accumulated other comprehensive loss (88,066) (84,311) (98,232)
Total Universal Corporation shareholders' equity 1,325,763 1,340,543 1,303,825
Noncontrolling interests in subsidiaries 34,296 44,226 37,730
Total shareholders' equity 1,360,059 1,384,769 1,341,555
Total liabilities and shareholders' equity $ 2,779,378 $ 2,586,345 $ 2,396,093