XML 63 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 120,461us-gaap_ProfitLoss $ 155,155us-gaap_ProfitLoss $ 140,919us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 35,394us-gaap_Depreciation 37,257us-gaap_Depreciation 43,408us-gaap_Depreciation
Amortization 1,930us-gaap_AdjustmentForAmortization 1,642us-gaap_AdjustmentForAmortization 1,708us-gaap_AdjustmentForAmortization
Provisions for losses on advances and guaranteed loans to suppliers 3,734us-gaap_ProvisionForLoanLeaseAndOtherLosses 6,705us-gaap_ProvisionForLoanLeaseAndOtherLosses 1,623us-gaap_ProvisionForLoanLeaseAndOtherLosses
Inventory write-downs 18,612us-gaap_InventoryWriteDown 7,654us-gaap_InventoryWriteDown 1,523us-gaap_InventoryWriteDown
Stock-based compensation expense 6,230us-gaap_ShareBasedCompensation 6,278us-gaap_ShareBasedCompensation 6,171us-gaap_ShareBasedCompensation
Foreign currency remeasurement loss (gain), net 28,836us-gaap_ForeignCurrencyTransactionGainLossUnrealized 14,322us-gaap_ForeignCurrencyTransactionGainLossUnrealized (10,579)us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Deferred income taxes (13,662)us-gaap_DeferredIncomeTaxesAndTaxCredits (2,176)us-gaap_DeferredIncomeTaxesAndTaxCredits 11,794us-gaap_DeferredIncomeTaxesAndTaxCredits
Equity in net income (loss) of unconsolidated affiliates, net of dividends (1,075)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 3,420us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (4,966)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Gain on favorable outcome of excise tax case in Brazil (12,676)uvv_Gainonsettlementofexcisetaxcase (81,619)uvv_Gainonsettlementofexcisetaxcase 0uvv_Gainonsettlementofexcisetaxcase
Restructuring costs 4,890us-gaap_RestructuringCharges 6,746us-gaap_RestructuringCharges 4,113us-gaap_RestructuringCharges
Other, net (9,272)us-gaap_OtherNoncashIncomeExpense 2,251us-gaap_OtherNoncashIncomeExpense (1,174)us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities, net:      
Accounts and notes receivable 49,414us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (89,536)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (5,433)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable
Inventories and other assets 37,751us-gaap_IncreaseDecreaseInInventoriesAndOtherOperatingAssets (47,492)us-gaap_IncreaseDecreaseInInventoriesAndOtherOperatingAssets 6,578us-gaap_IncreaseDecreaseInInventoriesAndOtherOperatingAssets
Income taxes 4,790us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 11,391us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 18,111us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accounts payable and accrued liabilities (63,257)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (27,345)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 11,167us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Customer advances and deposits 14,397us-gaap_IncreaseDecreaseInCustomerAdvancesAndDeposits (8,156)us-gaap_IncreaseDecreaseInCustomerAdvancesAndDeposits 9,503us-gaap_IncreaseDecreaseInCustomerAdvancesAndDeposits
Net cash provided (used) by operating activities 226,497us-gaap_NetCashProvidedByUsedInOperatingActivities (3,503)us-gaap_NetCashProvidedByUsedInOperatingActivities 234,466us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (58,385)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (45,849)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (30,783)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property, plant and equipment 4,522us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 2,746us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 3,534us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Other, net (141)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 1,033us-gaap_PaymentsForProceedsFromOtherInvestingActivities 1,004us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used by investing activities (54,004)us-gaap_NetCashProvidedByUsedInInvestingActivities (42,070)us-gaap_NetCashProvidedByUsedInInvestingActivities (26,245)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance (repayment) of short-term debt, net 2,618us-gaap_ProceedsFromRepaymentsOfShortTermDebt (43,727)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (18,374)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Issuance of long-term obligations 370,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 175,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayment of long-term obligations (356,250)us-gaap_RepaymentsOfLongTermDebt (211,250)us-gaap_RepaymentsOfLongTermDebt (16,250)us-gaap_RepaymentsOfLongTermDebt
Dividends paid to noncontrolling interests (4,183)us-gaap_PaymentsOfDividendsMinorityInterest (1,971)us-gaap_PaymentsOfDividendsMinorityInterest (1,957)us-gaap_PaymentsOfDividendsMinorityInterest
Issuance of common stock 187us-gaap_ProceedsFromIssuanceOfCommonStock 457us-gaap_ProceedsFromIssuanceOfCommonStock 3,949us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of convertible perpetual preferred stock (1,497)us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock 0us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock 0us-gaap_PaymentsForRepurchaseOfConvertiblePreferredStock
Repurchase of common stock (31,227)us-gaap_PaymentsForRepurchaseOfCommonStock (14,145)us-gaap_PaymentsForRepurchaseOfCommonStock (8,481)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends paid on convertible perpetual preferred stock (14,824)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (14,850)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (14,850)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Dividends paid on common stock (47,337)us-gaap_PaymentsOfDividendsCommonStock (46,721)us-gaap_PaymentsOfDividendsCommonStock (45,996)us-gaap_PaymentsOfDividendsCommonStock
Debt issuance costs and other (3,621)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (875)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used by financing activities (86,134)us-gaap_NetCashProvidedByUsedInFinancingActivities (158,082)us-gaap_NetCashProvidedByUsedInFinancingActivities (101,959)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (1,108)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (677)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (97)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 85,251us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (204,332)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 106,165us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 163,532us-gaap_CashAndCashEquivalentsAtCarryingValue 367,864us-gaap_CashAndCashEquivalentsAtCarryingValue 261,699us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 248,783us-gaap_CashAndCashEquivalentsAtCarryingValue 163,532us-gaap_CashAndCashEquivalentsAtCarryingValue 367,864us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental information - cash paid for:      
Interest 19,184us-gaap_InterestPaidNet 25,116us-gaap_InterestPaidNet 22,027us-gaap_InterestPaidNet
Income taxes, net of refunds $ 46,044us-gaap_IncomeTaxesPaidNet $ 65,511us-gaap_IncomeTaxesPaidNet $ 35,913us-gaap_IncomeTaxesPaidNet