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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
ASSETS      
Cash and cash equivalents $ 71,283 $ 81,648 $ 99,305
Accounts receivable, net 536,650 385,437 400,132
Advances to suppliers, net 163,237 129,838 126,830
Accounts receivable—unconsolidated affiliates 5,920 4,540 1,909
Inventories—at lower of cost or net realizable value:      
Tobacco 866,380 822,513 855,587
Other 211,561 194,161 161,704
Prepaid income taxes 17,363 13,095 23,590
Other current assets 79,495 116,779 76,255
Total current assets 1,951,889 1,748,011 1,745,312
Property, plant and equipment      
Land 24,142 23,959 24,752
Buildings 305,215 293,935 296,642
Machinery and equipment 679,970 668,451 662,504
Total property, plant and equipment 1,009,327 986,345 983,898
Less accumulated depreciation (663,333) (641,227) (636,042)
Property, plant and equipment, net 345,994 345,118 347,856
Other assets      
Operating lease right-of-use assets 42,337 40,243 34,139
Goodwill, net 213,881 213,998 214,023
Other intangibles, net 82,917 92,571 95,790
Investments in unconsolidated affiliates 72,565 81,006 81,040
Deferred income taxes 10,005 11,616 15,676
Pension asset 12,740 12,667 13,495
Other noncurrent assets 32,575 41,115 46,197
Total other assets 467,020 493,216 500,360
Total assets 2,764,903 2,586,345 2,593,528
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 348,073 182,639 252,609
Accounts payable and accrued expenses 208,187 272,042 221,374
Accounts payable—unconsolidated affiliates 57 5,308 8,788
Customer advances and deposits 5,365 13,724 26,341
Accrued compensation 21,670 27,281 18,803
Income taxes payable 3,715 7,427 10,742
Current portion of operating lease liabilities 11,160 10,303 9,128
Current portion of long-term debt 0 0 0
Total current liabilities 598,227 518,724 547,785
Long-term debt 616,750 518,547 518,547
Pensions and other postretirement benefits 50,773 52,890 52,624
Long-term operating lease liabilities 27,030 29,617 22,612
Other long-term liabilities 22,797 34,464 49,235
Deferred income taxes 48,584 47,334 43,483
Total liabilities 1,364,161 1,201,576 1,234,286
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 December 31, 2022 (24,607,384 at December 31, 2021 and 24,550,019 at March 31, 2022) 335,160 330,662 330,306
Retained earnings 1,102,887 1,094,192 1,090,110
Accumulated other comprehensive loss (77,255) (84,311) (104,412)
Total Universal Corporation shareholders' equity 1,360,792 1,340,543 1,316,004
Noncontrolling interests in subsidiaries 39,950 44,226 43,238
Total shareholders' equity 1,400,742 1,384,769 1,359,242
Total liabilities and shareholders' equity $ 2,764,903 $ 2,586,345 $ 2,593,528