Universal Corporation (UVV) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95107298252302337269
Cash and cash equivalents95107298234284319249
Short-term investments   18181821
Receivables361352399379442431436
Prepaid expense18121416171818
Advances on inventory purchases103134107123104102115
Other current assets69677188817082
Other undisclosed current assets959807699731616680715
Total current assets:1,6051,4801,5881,5891,5611,6391,635
Noncurrent Assets
Operating lease, right-of-use asset3539
Property, plant and equipment332315302324317326305
Long-term investments and receivables86788089788277
Long-term investments86788089788277
Intangible assets, net (including goodwill), including:2551459899999999
Goodwill1811279899999999
Intangible assets, net (excluding goodwill)7518     
Other undisclosed intangible assets, net (including goodwill)  00000
Deferred income tax assets2221
Other noncurrent assets54445150426377
Other undisclosed noncurrent assets  131725246
Total noncurrent assets:784641545580562594564
TOTAL ASSETS:2,3892,1212,1332,1692,1232,2332,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:156140146164154121140
Employee-related liabilities23243128322828
Taxes payable7518579
Other undisclosed accounts payable and accrued liabilities12711111312811686103
Deferred revenue1410
Debt130885445596660
Due to related parties70016783
Business combination, contingent consideration, liability 4     
Customer advances and deposits7111630
Other undisclosed current liabilities38255435373537
Total current liabilities:346267254268268246271
Noncurrent Liabilities
Long-term debt and lease obligation541395369369369370370
Long-term debt, excluding current maturities518369369369369370370
Operating lease, liability2326
Liabilities, other than long-term debt185170131147160163160
Deferred tax liabilities, net2936482927
Deferred income tax liabilities4629
Liability, pension and other postretirement and postemployment benefits67715965819297
Other liabilities71694346314237
Total noncurrent liabilities:725564500516529533530
Total liabilities:1,072832753783797780801
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2711,2471,3371,3421,2861,4141,363
Common stock325322327322321209206
Accumulated other comprehensive loss(122)(152)(96)(60)(70)(72)(75)
Retained earnings1,0671,0771,1061,0811,0351,0661,020
Other undisclosed stockholders' equity attributable to parent     212212
Stockholders' equity attributable to noncontrolling interest46434343403934
Total stockholders' equity:1,3171,2891,3801,3851,3271,4531,397
TOTAL LIABILITIES AND EQUITY:2,3892,1212,1332,1692,1232,2332,198

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues1,7201,9102,2272,0342,0712,1242,284
Revenue, net2,0342,0712,1202,272
Revenues, excluding interest and dividends1,7201,9102,227    
Cost of revenue(1,389)(1,553)(1,821)(1,662)(1,677)(1,713)(1,865)
Cost of goods and services sold(1,389)(1,553)(1,821)(1,662)(1,677)(1,713)(1,862)
Gross profit:332357407372395411419
Operating expenses(217)(223)(225)(200)(212)(227)(255)
Other operating income, net
(Other Nonrecurring (Income) Expense)
4      
Other undisclosed operating income (loss)(8)(8)(20) (4)(2)4
Operating income:111126161171178182168
Nonoperating income (expense)(13)(17)(4)2(9)(13)(11)
Investment income, nonoperating1222111
Foreign currency transaction gain (loss), before tax(15)(19)(6)0(11)(15)(11)
Other nonoperating income011    
Interest and debt expense(26)(20)(18)(16)(16)(16)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes2424119162018
Income from continuing operations before equity method investments, income taxes:95113151167169173158
Income from equity method investments 347536
Other undisclosed loss from continuing operations before income taxes (3)(4)(7)(5)(3)(6)
Income from continuing operations before income taxes:95113151167169173158
Income tax expense(30)(35)(41)(51)(57)(54)(38)
Income before gain (loss) on sale of properties:6578110116113118120
Other undisclosed net loss(8)      
Net income:5778110116113118120
Net loss attributable to noncontrolling interest(10)(6)(6)(11)(6)(9)(6)
Net income attributable to parent:4772104106106109115
Preferred stock dividends and other adjustments    (85)(15)(15)
Net income available to common stockholders, basic:47721041062194100
Convertible preferred dividends     1515
Other undisclosed net income available to common stockholders, diluted      0
Net income available to common stockholders, diluted:477210410621109115

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income:5778110116113118120
Other comprehensive income (loss)(11)(56)(36)2122(41)
Other undisclosed comprehensive income5      
Comprehensive income:51227413811512180
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(6)(6)(10)(5)(9)(6)
Comprehensive income, net of tax, attributable to parent:41166812810911274

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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