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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
ASSETS      
Cash and cash equivalents $ 80,118 $ 55,593 $ 99,683
Accounts receivable, net 537,602 525,262 368,924
Advances to suppliers, net 139,766 139,064 105,637
Accounts receivable—unconsolidated affiliates 66,646 5,385 55,409
Inventories—at lower of cost or net realizable value:      
Tobacco 1,070,655 1,070,580 1,086,240
Other 211,476 193,518 212,268
Prepaid income taxes 20,771 19,484 23,918
Other current assets 84,884 93,655 95,634
Total current assets 2,211,918 2,102,541 2,047,713
Property, plant and equipment      
Land 25,972 26,244 26,262
Buildings 330,407 323,969 316,180
Machinery and equipment 705,246 693,868 705,977
Total property, plant and equipment 1,061,625 1,044,081 1,048,419
Less accumulated depreciation (685,883) (678,201) (691,811)
Property, plant and equipment, net 375,742 365,880 356,608
Other assets      
Operating lease right-of-use assets 32,487 32,510 36,318
Goodwill, net 213,872 213,869 213,856
Other intangibles, net 63,263 68,883 74,475
Investments in unconsolidated affiliates 78,774 76,289 70,618
Deferred income taxes 15,526 15,181 16,192
Pension asset 12,293 11,857 10,650
Other noncurrent assets 41,711 50,229 35,342
Total other assets 457,926 468,818 457,451
Total assets 3,045,586 2,937,239 2,861,772
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 579,132 417,217 301,379
Accounts payable 87,106 108,727 70,737
Accounts payable—unconsolidated affiliates 174 1,621 166
Customer advances and deposits 6,837 17,179 166,505
Accrued compensation 29,266 39,766 26,772
Income taxes payable 7,948 7,477 4,494
Current portion of operating lease liabilities 10,325 10,356 10,469
Accrued expenses and other current liabilities 128,634 109,015 120,623
Current portion of long-term debt 0 0 0
Total current liabilities 849,422 711,358 701,145
Long-term debt 617,641 617,364 617,086
Pensions and other postretirement benefits 36,734 43,251 42,378
Long-term operating lease liabilities 19,038 19,302 22,804
Other long-term liabilities 28,425 27,902 15,769
Deferred income taxes 36,322 39,139 45,082
Total liabilities 1,587,582 1,458,316 1,444,264
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 24,715,625 shares issued and outstanding at September 30, 2024 (24,558,493 at September 30, 2023 and 24,573,408 at March 31, 2024) 349,064 345,596 339,241
Retained earnings 1,158,658 1,173,196 1,119,615
Accumulated other comprehensive loss (87,156) (81,585) (74,667)
Total Universal Corporation shareholders' equity 1,420,566 1,437,207 1,384,189
Noncontrolling interests in subsidiaries 37,438 41,716 33,319
Total shareholders' equity 1,458,004 1,478,923 1,417,508
Total liabilities and shareholders' equity $ 3,045,586 $ 2,937,239 $ 2,861,772