Universal Corporation (UVV) financial statements (2020 and earlier)

Company profile

Business Address 9201 FOREST HILL AVENUE
RICHMOND, VA 23235
State of Incorp. VA
Fiscal Year End March 31
SIC 515 - Farm-product Raw Materials (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65298252302337269164
Cash and cash equivalents65298234284319249164
Short-term investments  18181821 
Receivables297399379442431436475
Inventory, net of allowances, customer advances and progress billings      67
Inventory      67
Prepaid expense14141617181828
Advances on inventory purchases120107123104102115135
Other current assets617188817082143
Other undisclosed current assets1,022699731616680715662
Total current assets:1,5791,5881,5891,5611,6391,6351,673
Noncurrent Assets
Operating lease, right-of-use asset34
Property, plant and equipment295302324317326305297
Long-term investments and receivables78808978827795
Long-term investments78808978827795
Intangible assets, net (including goodwill), including:98989999999999
Goodwill 989999999999
Other undisclosed intangible assets, net (including goodwill)98000000
Other noncurrent assets50515042637792
Other undisclosed noncurrent assets1613172524615
Total noncurrent assets:572545580562594564598
TOTAL ASSETS:2,1512,1332,1692,1232,2332,1982,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:130146164154121140212
Employee-related liabilities22312832282832
Taxes payable21857916
Other undisclosed accounts payable and accrued liabilities10611312811686103165
Debt1015445596660179
Due to related parties70167830
Business combination, contingent consideration, liability25     
Customer advances and deposits7111630
Other undisclosed current liabilities7543537353763
Total current liabilities:271254268268246271455
Noncurrent Liabilities
Long-term debt and lease obligation392369369369370370240
Long-term debt, excluding current maturities369369369369370370240
Operating lease, liability23
Liabilities, other than long-term debt106131147160163160165
Pension and other postretirement defined benefit plans, liabilities85
Deferred tax liabilities, net293648292746
Liability, pension and other postretirement and postemployment benefits555965819297
Other liabilities51434631423734
Other undisclosed noncurrent liabilities28      
Total noncurrent liabilities:527500516529533530405
Total liabilities:798753783797780801860
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3101,3371,3421,2861,4141,3631,378
Common stock324327322321209206206
Accumulated other comprehensive loss(104)(96)(60)(70)(72)(75)(34)
Retained earnings1,0901,1061,0811,0351,0661,020993
Other undisclosed stockholders' equity attributable to parent    212212213
Stockholders' equity attributable to noncontrolling interest43434340393433
Total stockholders' equity:1,3531,3801,3851,3271,4531,3971,411
TOTAL LIABILITIES AND EQUITY:2,1512,1332,1692,1232,2332,1982,271

Income statement (P&L) ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues1,9502,2272,0342,0712,1242,2842,542
Revenue, net2,0342,0712,1202,2722,542
Revenues, excluding interest and dividends1,9502,227     
Cost of revenue(1,582)(1,821)(1,662)(1,677)(1,713)(1,865)(2,109)
Cost of goods and services sold(1,582)(1,821)(1,662)(1,677)(1,713)(1,862)(2,109)
Gross profit:367407372395411419433
Operating expenses(191)(225)(200)(212)(227)(255)(269)
Other undisclosed operating income (loss)(20)(20) (4)(2)482
Operating income:156161171178182168246
Nonoperating income (expense)(2)(4)2(9)(13)(11)1
Investment income, nonoperating2221111
Foreign currency transaction gain (loss), before tax(6)(6)0(11)(15)(11) 
Other nonoperating income21     
Interest and debt expense(19)(18)(16)(16)(16)(17)(20)
Other undisclosed income from continuing operations before equity method investments, income taxes111191620184
Income from continuing operations before equity method investments, income taxes:146151167169173158231
Income from equity method investments 475363
Other undisclosed loss from continuing operations before income taxes (4)(7)(5)(3)(6)(3)
Income from continuing operations before income taxes:146151167169173158231
Income tax expense(50)(41)(51)(57)(54)(38)(76)
Income before gain (loss) on sale of properties:97110116113118120155
Other undisclosed net loss(3)      
Net income:94110116113118120155
Net loss attributable to noncontrolling interest(6)(6)(11)(6)(9)(6)(6)
Net income attributable to parent:87104106106109115149
Preferred stock dividends and other adjustments   (85)(15)(15)(15)
Net income available to common stockholders, basic:871041062194100134
Convertible preferred dividends    151515
Other undisclosed net income available to common stockholders, diluted     0 
Net income available to common stockholders, diluted:8710410621109115149

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:94110116113118120155
Other comprehensive income (loss)(29)(36)2122(41)41
Other undisclosed comprehensive income5      
Comprehensive income:707413811512180196
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(6)(10)(5)(9)(6)6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (11)
Comprehensive income, net of tax, attributable to parent:646812810911274190

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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