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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Current assets      
Cash and cash equivalents $ 172,795 $ 170,208 $ 164,135
Restricted cash 2,649 2,486 3,137
Trade receivables, net 159,392 226,742 193,076
Other receivables 10,788 12,997 10,522
Accounts receivable, related parties 4,589 5,030 17,239
Notes receivable, related parties 400 406 150
Inventories, net 832,223 730,019 817,663
Advances to tobacco suppliers, net 32,535 38,877 41,264
Recoverable income taxes 16,873 7,562 8,182
Prepaid expenses 30,836 23,383 20,448
Other current assets 14,170 14,658 15,006
Total current assets 1,277,250 1,232,368 1,290,822
Restricted cash 389 389 389
Long-term notes receivable, related parties 0 7,450 0
Investments in unconsolidated affiliates 57,479 67,967 64,535
Goodwill 6,120 0 34,547
Other intangible assets, net 64,957 65,948 70,778
Deferred income taxes, net 0 2 113,666
Long-term recoverable income taxes 2,628 3,038 2,638
Other noncurrent assets 46,089 48,434 53,845
Right-of-use assets 39,602 41,471 45,969
Property, plant, and equipment, net 298,154 295,996 288,386
Total assets 1,792,668 1,763,063 1,965,575
Current liabilities      
Notes payable to banks 524,266 540,157 520,828
DIP financing 131,700 0 0
Accounts payable 84,078 67,094 85,060
Accounts payable, related parties 19,775 11,820 20,773
Advances from customers 22,100 18,810 18,779
Advances from related parties 4,030 0 0
Accrued expenses and other current liabilities 91,989 89,928 104,392
Income taxes payable 2,735 5,049 18,314
Operating leases payable 10,978 11,160 15,275
Current portion of long-term debt 273,524 45,048 334
Current liabilities 1,165,175 789,066 783,755
Long-term taxes payable 7,623 8,543 8,660
Long-term debt 3,238 904,316 899,672
Deferred income taxes 25,603 22,903 33,668
Liability for unrecognized tax benefits 12,229 12,311 8,544
Long-term leases 25,121 27,843 28,876
Pension, postretirement, and other long-term liabilities 73,869 74,389 71,835
Total liabilities not subject to compromise 1,312,858 1,839,371 1,835,010
Liabilities subject to compromise      
Debt subject to compromise 635,686 0 0
Accrued interest on debt subject to compromise 13,421 0 0
Total liabilities subject to compromise 649,107 0 0
Total liabilities 1,961,965 1,839,371 1,835,010
Commitments and contingencies
Common Stock—no par value:      
Authorized shares (shares) 250,000,000 250,000,000 250,000,000
Issued shares (shares) 9,976,000 9,976,000 9,917,000
Issued shares $ 469,794 $ 469,677 $ 469,365
Retained deficit (580,706) (488,545) (285,681)
Accumulated other comprehensive loss (59,233) (59,132) (61,092)
Total stockholders’ equity of Pyxus International, Inc. (170,145) (78,000) 122,592
Noncontrolling interests 848 1,692 7,973
Total stockholders’ equity (169,297) (76,308) 130,565
Total liabilities and stockholders’ equity $ 1,792,668 $ 1,763,063 $ 1,965,575