v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS      
Cash and cash equivalents $ 85,227 $ 260,115 $ 215,108
Accounts receivable, net 571,511 625,876 650,021
Advances to suppliers, net 168,348 169,385 156,108
Accounts receivable—unconsolidated affiliates 62,390 7,143 578
Inventories—at lower of cost or net realizable value:      
Tobacco 990,638 806,332 924,684
Other 212,321 189,610 189,663
Prepaid income taxes 16,020 19,595 10,930
Other current assets 76,970 78,041 68,553
Total current assets 2,183,425 2,156,097 2,215,645
Property, plant and equipment      
Land 26,286 26,113 26,081
Buildings 332,864 333,398 327,376
Machinery and equipment 756,467 723,935 709,840
Total property, plant and equipment 1,115,617 1,083,446 1,063,297
Less accumulated depreciation (740,949) (710,472) (689,445)
Property, plant and equipment, net 374,668 372,974 373,852
Other assets      
Operating lease right-of-use assets 36,906 34,260 33,982
Goodwill, net 213,798 213,840 213,819
Other intangibles, net 50,635 57,836 60,444
Investments in unconsolidated affiliates 85,137 79,317 70,351
Deferred income taxes 15,395 16,539 17,517
Pension asset 13,580 12,819 12,511
Other noncurrent assets 43,970 45,870 42,298
Total other assets 459,421 460,481 450,922
Total assets 3,017,514 2,989,552 3,040,419
LIABILITIES AND SHAREHOLDERS' EQUITY      
Notes payable and overdrafts 462,248 455,039 538,526
Accounts payable 82,580 98,036 78,327
Accounts payable—unconsolidated affiliates 2,708 1,999 5,985
Customer advances and deposits 1,667 3,763 3,362
Accrued compensation 27,381 44,646 32,232
Income taxes payable 19,949 12,586 15,341
Current portion of operating lease liabilities 11,277 10,742 9,835
Accrued expenses and other current liabilities 143,637 123,350 135,707
Current portion of long-term debt 0 0 0
Total current liabilities 751,447 750,161 819,315
Long-term debt 616,585 617,918 617,780
Pensions and other postretirement benefits 36,665 35,336 36,485
Long-term operating lease liabilities 23,570 20,608 20,408
Other long-term liabilities 26,222 22,901 18,688
Deferred income taxes 37,851 42,090 35,831
Total liabilities 1,492,340 1,489,014 1,548,507
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 24,921,155 shares issued and outstanding at December 31, 2025 (24,715,625 at December 31, 2024 and 24,715,625 at March 31, 2025) 354,126 351,626 350,243
Retained earnings 1,200,890 1,186,981 1,197,972
Accumulated other comprehensive loss (72,208) (80,051) (97,605)
Total Universal Corporation shareholders' equity 1,482,808 1,458,556 1,450,610
Noncontrolling interests in subsidiaries 42,366 41,982 41,302
Total shareholders' equity 1,525,174 1,500,538 1,491,912
Total liabilities and shareholders' equity $ 3,017,514 $ 2,989,552 $ 3,040,419