v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
ASSETS      
Cash and cash equivalents $ 173,593 $ 62,178 $ 178,435
Accounts receivable, net 348,036 563,864 424,157
Advances to suppliers, net 102,880 177,222 79,154
Accounts receivable, unconsolidated affiliates 104,518 12,300 127,701
Inventories—at lower of cost or net realizable value:      
Tobacco 1,165,542 832,360 1,219,769
Other Non-Tobacco Inventory 206,658 203,537 205,036
Prepaid income taxes 34,116 22,958 22,715
Other current assets 104,583 97,278 89,360
Total current assets 2,239,926 1,971,697 2,346,327
Property, plant and equipment      
Land 26,414 26,249 26,266
Buildings 333,702 333,416 337,290
Machinery and equipment 768,886 759,654 739,899
Total property, plant and equipment 1,129,002 1,119,319 1,103,455
Less accumulated depreciation (752,384) (746,365) (728,180)
Property, plant and equipment, net 376,618 372,954 375,275
Other assets      
Operating lease right-of-use assets 35,134 37,272 38,428
Goodwill, net 172,679 172,695 213,864
Other intangibles, net 46,593 48,604 55,237
Investments in unconsolidated affiliates 81,243 82,287 87,988
Deferred income taxes 18,565 15,636 20,461
Pension asset 16,496 16,542 13,006
Other noncurrent assets 48,213 49,080 38,721
Total other assets 418,923 422,116 467,705
Total assets 3,035,467 2,766,767 3,189,307
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 567,011 287,564 621,275
Accounts payable 90,976 90,139 119,803
Accounts payable—unconsolidated affiliates 255 510 76
Customer advances and deposits 3,531 3,376 4,557
Accrued compensation 25,079 33,234 22,577
Income taxes payable 12,946 17,643 15,528
Current portion of operating lease liabilities 10,471 11,172 11,233
Accrued expenses and other current liabilities 160,667 120,603 147,639
Total current liabilities 870,936 564,241 942,688
Long-term debt 616,869 616,727 618,057
Pensions and other postretirement benefits 35,434 35,471 36,307
Long-term operating lease liabilities 22,858 24,359 24,945
Other long-term liabilities 26,253 24,925 26,032
Deferred income taxes 40,223 39,920 41,689
Total liabilities 1,612,573 1,305,643 1,689,718
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 24,938,259 shares issued and outstanding at June 30, 2026 (24,807,613 at June 30, 2025 and 24,923,496 at March 31, 2026) 353,899 351,523 355,498
Retained earnings 1,109,026 1,136,989 1,174,758
Accumulated other comprehensive loss (74,096) (73,112) (71,339)
Total Universal Corporation shareholders' equity 1,388,829 1,415,400 1,458,917
Noncontrolling interests in subsidiaries 34,065 45,724 40,672
Total shareholders' equity 1,422,894 1,461,124 1,499,589
Total liabilities and shareholders' equity $ 3,035,467 $ 2,766,767 $ 3,189,307