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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
ASSETS      
Cash and cash equivalents $ 53,173 $ 297,556 $ 67,876
Accounts receivable, net 337,825 368,110 355,674
Advances to suppliers, net 75,828 106,850 53,823
Accounts receivable—unconsolidated affiliates 82,812 30,951 107,198
Inventories—at lower of cost or net realizable value:      
Tobacco 918,592 629,606 935,406
Other 97,536 69,611 87,958
Prepaid income taxes 13,454 14,264 17,131
Other current assets 70,338 71,197 73,862
Total current assets 1,649,558 1,588,145 1,698,928
Property, plant and equipment      
Land 22,696 22,952 23,020
Buildings 261,599 261,976 269,738
Machinery and equipment 609,320 608,191 642,915
Total property, plant and equipment 893,615 893,119 935,673
Less accumulated depreciation (598,184) (590,625) (613,130)
Property, plant and equipment, net 295,431 302,494 322,543
Other assets      
Operating lease right-of-use assets 34,838 0 0
Goodwill and other intangibles 97,998 97,994 98,860
Investments in unconsolidated affiliates 79,072 80,482 83,962
Deferred income taxes 16,250 13,357 20,473
Other noncurrent assets 45,085 50,712 47,480
Total other assets 273,243 242,545 250,775
Total assets 2,218,232 2,133,184 2,272,246
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 155,352 54,023 148,049
Accounts payable and accrued expenses 158,731 145,506 162,972
Accounts payable—unconsolidated affiliates 56 106 4,862
Customer advances and deposits 6,513 21,675 45,098
Accrued compensation 22,046 31,372 22,610
Income taxes payable 1,155 1,066 6,668
Current portion of operating lease liabilities 8,591 0 0
Current portion of long-term debt 0 0 0
Total current liabilities 352,444 253,748 390,259
Long-term debt 368,633 368,503 369,262
Pensions and other postretirement benefits 54,113 59,257 56,347
Long-term operating lease liabilities 23,331 0 0
Other long-term liabilities 56,146 43,214 41,758
Deferred income taxes 24,982 28,584 36,202
Total liabilities 879,649 753,306 893,828
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 24,841,863 shares issued and outstanding at September 30, 2019 (24,968,799 at September 30, 2018 and 24,989,946 at March 31, 2019) 324,927 326,600 324,626
Retained earnings 1,088,608 1,106,178 1,084,763
Accumulated other comprehensive loss (114,876) (95,691) (73,048)
Total Universal Corporation shareholders' equity 1,298,659 1,337,087 1,336,341
Noncontrolling interests in subsidiaries 39,924 42,791 42,077
Total shareholders' equity 1,338,583 1,379,878 1,378,418
Total liabilities and shareholders' equity $ 2,218,232 $ 2,133,184 $ 2,272,246