XML 13 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
ASSETS      
Cash and cash equivalents $ 58,855 $ 81,648 $ 100,682
Accounts receivable, net 469,406 385,437 297,442
Advances to suppliers, net 106,475 129,838 82,192
Accounts receivable—unconsolidated affiliates 51,179 4,540 63,112
Inventories—at lower of cost or net realizable value:      
Tobacco 968,167 822,513 854,331
Other 234,581 194,161 161,001
Prepaid income taxes 14,820 13,095 23,112
Other current assets 87,910 116,779 76,050
Total current assets 1,991,393 1,748,011 1,657,922
Property, plant and equipment      
Land 23,998 23,959 22,502
Buildings 300,925 293,935 289,939
Machinery and equipment 659,409 668,451 653,789
Total property, plant and equipment 984,332 986,345 966,230
Less accumulated depreciation (643,584) (641,227) (630,766)
Property, plant and equipment, net 340,748 345,118 335,464
Other assets      
Operating lease right-of-use assets 43,278 40,243 33,790
Goodwill, net 213,803 213,998 172,964
Other intangibles, net 86,129 92,571 67,510
Investments in unconsolidated affiliates 70,878 81,006 84,517
Deferred income taxes 18,180 11,616 17,193
Pension asset 12,740 12,667 13,381
Other noncurrent assets 36,848 41,115 43,057
Total other assets 481,856 493,216 432,412
Total assets 2,813,997 2,586,345 2,425,798
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 582,382 182,639 184,982
Accounts payable and accrued expenses 167,153 272,042 157,082
Accounts payable—unconsolidated affiliates 0 5,308 2,414
Customer advances and deposits 12,644 13,724 25,219
Accrued compensation 20,944 27,281 19,591
Income taxes payable 4,589 7,427 1,136
Current portion of operating lease liabilities 10,735 10,303 8,985
Current portion of long-term debt 0 0 0
Total current liabilities 798,447 518,724 399,409
Long-term debt 518,923 518,547 518,422
Pensions and other postretirement benefits 49,398 52,890 54,598
Long-term operating lease liabilities 27,905 29,617 22,530
Other long-term liabilities 15,302 34,464 55,174
Deferred income taxes 49,289 47,334 42,239
Total liabilities 1,459,264 1,201,576 1,092,372
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 24,555,361 shares issued and outstanding at September 30, 2022 (24,607,384 at September 30, 2021 and 24,550,019 at March 31, 2022) 333,540 330,662 328,836
Retained earnings 1,080,920 1,094,192 1,074,629
Accumulated other comprehensive loss (89,606) (84,311) (106,133)
Total Universal Corporation shareholders' equity 1,324,854 1,340,543 1,297,332
Noncontrolling interests in subsidiaries 29,879 44,226 36,094
Total shareholders' equity 1,354,733 1,384,769 1,333,426
Total liabilities and shareholders' equity $ 2,813,997 $ 2,586,345 $ 2,425,798