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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
ASSETS      
Cash and cash equivalents $ 64,734 $ 297,556 $ 138,358
Accounts receivable, net 271,981 368,110 336,564
Advances to suppliers, net 120,079 106,850 98,942
Accounts receivable—unconsolidated affiliates 24,748 30,951 77,543
Inventories—at lower of cost or net realizable value:      
Tobacco 937,661 629,606 867,181
Other 84,621 69,611 74,360
Prepaid income taxes 13,619 14,264 21,170
Other current assets 61,450 71,197 70,309
Total current assets 1,578,893 1,588,145 1,684,427
Property, plant and equipment      
Land 22,510 22,952 23,018
Buildings 255,202 261,976 253,150
Machinery and equipment 609,976 608,191 603,752
Total property, plant and equipment 887,688 893,119 879,920
Less accumulated depreciation (592,457) (590,625) (572,634)
Property, plant and equipment, net 295,231 302,494 307,286
Other assets      
Operating lease right-of-use assets 34,230 0 0
Goodwill and other intangibles 98,042 97,994 98,008
Investments in unconsolidated affiliates 77,783 80,482 80,558
Deferred income taxes 16,354 13,357 13,959
Other noncurrent assets 50,186 50,712 44,378
Total other assets 276,595 242,545 236,903
Total assets 2,150,719 2,133,184 2,228,616
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 92,592 54,023 129,316
Accounts payable and accrued expenses 130,165 145,506 144,107
Accounts payable—unconsolidated affiliates 7,494 106 1,470
Customer advances and deposits 8,230 21,675 56,355
Accrued compensation 21,761 31,372 23,989
Income taxes payable 1,991 1,066 3,090
Current portion of operating lease liabilities 8,394 0 0
Current portion of long-term debt 0 0 0
Total current liabilities 270,627 253,748 358,327
Long-term debt 368,698 368,503 368,438
Pensions and other postretirement benefits 55,305 59,257 41,601
Long-term operating lease liabilities 23,465 0 0
Other long-term liabilities 51,185 43,214 38,467
Deferred income taxes 28,228 28,584 32,000
Total liabilities 797,508 753,306 838,833
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 24,693,557 shares issued and outstanding at December 31, 2019 (24,968,799 at December 31, 2018 and 24,989,946 at March 31, 2019) 324,388 326,600 326,323
Retained earnings 1,089,718 1,106,178 1,093,829
Accumulated other comprehensive loss (104,310) (95,691) (75,667)
Total Universal Corporation shareholders' equity 1,309,796 1,337,087 1,344,485
Noncontrolling interests in subsidiaries 43,415 42,791 45,298
Total shareholders' equity 1,353,211 1,379,878 1,389,783
Total liabilities and shareholders' equity $ 2,150,719 $ 2,133,184 $ 2,228,616