Equity Method Investments

9 Months Ended

Dec. 31, 2019

The following summarizes the Company's equity method investments as of December 31, 2019:


Entity Name	Location	Primary Purpose	The Company's Ownership Percentage		Basis Difference
Adams International Ltd.	Thailand	purchase and process tobacco	49	%	—
Alliance One Industries India Private Ltd.	India	purchase and process tobacco	49	%	—
China Brasil Tobacos Exportadora SA	Brazil	purchase and process tobacco	49	%	5,841
Criticality LLC	U.S.	extraction of cannabidiol from industrial hemp	40	%	881
Nicotine River, LLC	U.S.	produce consumable e-liquids	40	%	1,902
Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş.	Turkey	process tobacco	50	%	—
Purilum, LLC	U.S.	produce flavor formulations and consumable e-liquids	50	%	—
Siam Tobacco Export Company	Thailand	purchase and process tobacco	49	%	—

The following summarizes financial information for these equity method investments:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Operations statement:
Sales	$	61,515	$	128,731	$	256,885	$	221,938
Gross profit	9,462		20,705		44,235		37,531
Net income	1,506		10,433		16,599		16,009
Company's dividends received	267		—		6,841		5,556


	December 31,
	2019		2018		March 31, 2019
Balance sheet:
Current assets	$	166,989	$	235,951	$	152,661
Property, plant, and equipment and other assets	57,320		52,233		53,103
Current liabilities	103,622		174,688		89,791
Long-term obligations and other liabilities	6,054		3,320		3,222

Of the amounts presented above, the following summarizes financial information for China Brasil Tobacos Exportadora SA ("CBT"):


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Operations statement:
Sales	$	22,521	$	78,405	$	158,955	$	116,486
Gross profit	3,338		13,492		25,359		19,471
Net income	1,041		8,918		11,929		10,638
Net income attributable to CBT	510		4,370		5,845		5,213