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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Mar. 31, 2024
ASSETS    
Cash and cash equivalents $ 260,115 $ 55,593
Accounts receivable, net 625,876 525,262
Advances to suppliers, net 169,385 139,064
Accounts receivable—unconsolidated affiliates 7,143 5,385
Inventories—at lower of cost or net realizable value:    
Tobacco 806,332 1,070,580
Other 189,610 193,518
Prepaid income taxes 19,595 19,484
Other current assets 78,041 93,655
Total current assets 2,156,097 2,102,541
Property, plant and equipment    
Land 26,113 26,244
Buildings 333,398 323,969
Machinery and equipment 723,935 693,868
Total property, plant and equipment 1,083,446 1,044,081
Less accumulated depreciation (710,472) (678,201)
Property, plant and equipment, net 372,974 365,880
Other assets    
Operating lease right-of-use assets 34,260 32,510
Goodwill, net 213,840 213,869
Other intangibles, net 57,836 68,883
Investments in unconsolidated affiliates 79,317 76,289
Deferred income taxes 16,539 15,181
Pension asset 12,819 11,857
Other noncurrent assets 45,870 50,229
Total other assets 460,481 468,818
Total assets 2,989,552 2,937,239
Current liabilities    
Notes payable and overdrafts 455,039 417,217
Accounts payable 98,036 108,727
Accounts payable—unconsolidated affiliates 1,999 1,621
Customer advances and deposits 3,763 17,179
Accrued compensation 44,646 39,766
Income taxes payable 12,586 7,477
Current portion of operating lease liabilities 10,742 10,356
Accrued expenses and other current liabilities 123,350 109,015
Current portion of long-term debt 0 0
Total current liabilities 750,161 711,358
Long-term debt 617,918 617,364
Pensions and other postretirement benefits 35,336 43,251
Long-term operating lease liabilities 20,608 19,302
Other long-term liabilities 22,901 27,902
Deferred income taxes 42,090 39,139
Total liabilities 1,489,014 1,458,316
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, 24,715,625 shares issued and outstanding (24,573,408 at March 31, 2024) 351,626 345,596
Retained earnings 1,186,981 1,173,196
Accumulated other comprehensive loss (80,051) (81,585)
Total Universal Corporation shareholders' equity 1,458,556 1,437,207
Noncontrolling interests in subsidiaries 41,982 41,716
Total shareholders' equity 1,500,538 1,478,923
Total liabilities and shareholders' equity $ 2,989,552 $ 2,937,239