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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
ASSETS    
Cash and cash equivalents $ 55,593 $ 64,690
Accounts receivable, net 525,262 402,073
Advances to suppliers, net 139,064 170,801
Accounts receivable—unconsolidated affiliates 5,385 12,210
Inventories—at lower of cost or net realizable value:    
Tobacco 1,070,580 833,876
Other 193,518 202,907
Prepaid income taxes 19,484 16,493
Other current assets 93,655 99,840
Total current assets 2,102,541 1,802,890
Property, plant and equipment    
Land 26,244 24,926
Buildings 323,969 311,138
Machinery and equipment 693,868 689,220
Total property, plant and equipment 1,044,081 1,025,284
Less accumulated depreciation (678,201) (674,122)
Property, plant and equipment, net 365,880 351,162
Other assets    
Operating lease right-of-use assets 32,510 40,505
Goodwill, net 213,869 213,922
Other intangibles, net 68,883 80,101
Investments in unconsolidated affiliates 76,289 76,184
Deferred income taxes 15,181 13,091
Pension asset 11,857 9,984
Other noncurrent assets 50,229 51,343
Total other assets 468,818 485,130
Total assets 2,937,239 2,639,182
Current liabilities    
Notes payable and overdrafts 417,217 195,564
Accounts payable 108,727 83,213
Accounts payable—unconsolidated affiliates 1,621 5,830
Customer advances and deposits 17,179 3,061
Accrued compensation 39,766 33,108
Income taxes payable 7,477 3,274
Current portion of operating lease liabilities 10,356 11,404
Accrued expenses and other current liabilities 109,015 106,533
Current portion of long-term debt 0 0
Total current liabilities 711,358 441,987
Long-term debt 617,364 616,809
Pensions and other postretirement benefits 43,251 42,769
Long-term operating lease liabilities 19,302 25,540
Other long-term liabilities 27,902 32,512
Deferred income taxes 39,139 42,613
Total liabilities 1,458,316 1,202,230
Shareholders’ equity    
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding 0 0
Common stock, no par value, 100,000,000 shares authorized, 24,573,408 shares issued and outstanding (24,555,361 at March 31, 2023) 345,596 337,247
Retained earnings 1,173,196 1,136,898
Accumulated other comprehensive loss (81,585) (77,057)
Total Universal Corporation shareholders' equity 1,437,207 1,397,088
Noncontrolling interests in subsidiaries 41,716 39,864
Total shareholders' equity 1,478,923 1,436,952
Total liabilities and shareholders' equity $ 2,937,239 $ 2,639,182