Universal Corp (UVV) financial statements: income statement, balance sheet and cash flow
Universal Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Mar 31, 2026 · FY), Universal Corp reported revenue of $2.9B (-0.8% year on year) and net income of $56.0M (-50.6% year on year).
Income statement
Universal Corp income statement, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Sales and other operating revenues
$2.9B
$2.9B
$2.7B
$2.6B
Cost of goods sold
$2.4B
$2.4B
$2.2B
$2.1B
Selling, general and administrative expenses
$300.7M
$305.3M
$310.6M
$277.2M
Restructuring and impairment costs
$1.8M
$10.6M
$3.5M
$0
Goodwill, Impairment Loss
$41.1M
—
—
—
Operating income
$168.5M
$232.8M
$222.0M
$181.1M
Equity in pretax earnings of unconsolidated affiliates
$3.4M
$9.1M
$756.0K
$2.4M
Pension settlement charge
$0
$14.1M
—
—
Other non-operating income
$2.8M
$2.6M
$3.1M
$1.8M
Interest income
$2.0M
$3.5M
$4.5M
$6.0M
Interest expense
$74.0M
$79.6M
$66.3M
$49.3M
Income before income taxes
$102.7M
$154.2M
$164.1M
$142.0M
Income taxes
$46.7M
$40.9M
$31.1M
$11.7M
Net income
$56.0M
$113.3M
$133.0M
$130.2M
Less: net income attributable to noncontrolling interests in subsidiaries
($23.4M)
($18.2M)
($13.4M)
($6.2M)
Net income attributable to Universal Corporation
$32.6M
$95.0M
$119.6M
$124.1M
Basic
$1.30
$3.81
$4.81
$5.01
Diluted
$1.30
$3.78
$4.78
$4.97
Basic
25.0M
24.9M
24.9M
24.8M
Diluted
25.2M
25.1M
25.0M
24.9M
Universal Corp income statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · Q3
Sep 30, 2025 · Q2
Jun 30, 2025 · Q1
Sales and other operating revenues
$523.8M
$861.3M
$754.2M
$593.8M
Cost of goods sold
$440.7M
$701.7M
$614.3M
$479.6M
Selling, general and administrative expenses
$80.8M
$76.9M
$72.2M
$79.2M
Restructuring and impairment costs
$0
$711.0K
$0
$1.1M
Operating income
$2.3M
$82.0M
$67.6M
$33.8M
Equity in pretax earnings (loss) of unconsolidated affiliates
$510.0K
$1.3M
($2.6M)
$2.4M
Other non-operating income (expense)
$91.0K
$584.0K
$582.0K
$586.0K
Interest income
$741.0K
$360.0K
$778.0K
$647.0K
Interest expense
$16.5M
$17.3M
$20.4M
$17.8M
Income (loss) before income taxes and other items
($12.9M)
$66.9M
$46.0M
$19.7M
Income taxes
($4.5M)
$25.3M
$11.2M
$5.3M
Net income (loss)
($8.3M)
$41.6M
$34.8M
$14.4M
Less: net (income) loss attributable to noncontrolling interests in subsidiaries
$3.3M
($8.3M)
($634.0K)
($5.9M)
Net income (loss) attributable to Universal Corporation
($5.0M)
$33.2M
$34.2M
$8.5M
Basic
-$0.20
$1.33
$1.36
$0.34
Diluted
-$0.20
$1.32
$1.36
$0.34
Basic
25.1M
25.1M
25.0M
25.0M
Diluted
25.1M
25.2M
25.2M
25.1M
Total comprehensive income (loss), net of income taxes
($9.4M)
$40.4M
$34.7M
$23.1M
Less: comprehensive (income) loss attributable to noncontrolling interests
$3.4M
($8.2M)
($356.0K)
($5.9M)
Comprehensive income (loss) attributable to Universal Corporation
($6.0M)
$32.3M
$34.3M
$17.2M
Dividends declared per common share
$0.83
$0.82
$0.82
$0.82
Balance sheet
Universal Corp balance sheet, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Cash and cash equivalents
$62.2M
$260.1M
$55.6M
$64.7M
Accounts receivable, net
$563.9M
$625.9M
$525.3M
$402.1M
Advances to suppliers, net
$177.2M
$169.4M
$139.1M
$170.8M
Accounts receivable, unconsolidated affiliates
$12.3M
$7.1M
$5.4M
$12.2M
Tobacco
$832.4M
$806.3M
$1.1B
$833.9M
Other Non-Tobacco Inventory
$203.5M
—
—
—
Prepaid income taxes
$23.0M
$19.6M
$19.5M
$16.5M
Other current assets
$97.3M
$78.0M
$93.7M
$99.8M
Total current assets
$2.0B
$2.2B
$2.1B
$1.8B
Land
$26.2M
$26.1M
$26.2M
$24.9M
Buildings
$333.4M
$333.4M
$324.0M
$311.1M
Machinery and equipment
$759.7M
$723.9M
$693.9M
$689.2M
Total property, plant and equipment
$1.1B
$1.1B
$1.0B
$1.0B
Less accumulated depreciation
($746.4M)
($710.5M)
($678.2M)
($674.1M)
Property, plant and equipment, net
$373.0M
$373.0M
$365.9M
$351.2M
Operating lease right-of-use assets
$37.3M
$34.3M
$32.5M
$40.5M
Goodwill, net
$172.7M
$213.8M
$213.9M
$213.9M
Other intangibles, net
$48.6M
$57.8M
$68.9M
$80.1M
Investments in unconsolidated affiliates
$82.3M
$79.3M
$76.3M
$76.2M
Deferred income taxes
$15.6M
$16.5M
$15.2M
$13.1M
Pension asset
$16.5M
$12.8M
$11.9M
$10.0M
Other noncurrent assets
$49.1M
$45.9M
$50.2M
$51.3M
Total other assets
$422.1M
$460.5M
$468.8M
$485.1M
Total assets
$2.8B
$3.0B
$2.9B
$2.6B
Notes payable and overdrafts
$287.6M
$455.0M
$417.2M
$195.6M
Accounts payable
$90.1M
$98.0M
$108.7M
$83.2M
Accounts payable—unconsolidated affiliates
$510.0K
$2.0M
$1.6M
$5.8M
Customer advances and deposits
$3.4M
$3.8M
$17.2M
$3.1M
Accrued compensation
$33.2M
$44.6M
$39.8M
$33.1M
Income taxes payable
$17.6M
$12.6M
$7.5M
$3.3M
Current portion of operating lease liabilities
$11.2M
$10.7M
$10.4M
$11.4M
Accrued expenses and other current liabilities
$120.6M
$123.3M
$109.0M
$106.5M
Current portion of long-term debt
$0
$0
$0
$0
Total current liabilities
$564.2M
$750.2M
$711.4M
$442.0M
Long-term debt
$616.7M
$617.9M
$617.4M
$616.8M
Pensions and other postretirement benefits
$35.5M
$35.3M
$43.3M
$42.8M
Long-term operating lease liabilities
$24.4M
$20.6M
$19.3M
$25.5M
Other long-term liabilities
$24.9M
$22.9M
$27.9M
$32.5M
Deferred income taxes
$39.9M
$42.1M
$39.1M
$42.6M
Total liabilities
$1.3B
$1.5B
$1.5B
$1.2B
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding
0
0
0
0
Common stock, no par value, 100,000,000 shares authorized, 24,923,496 shares issued and outstanding (24,715,625 at March 31, 2025)
351.5M
351.6M
345.6M
337.2M
Retained earnings
$1.1B
$1.2B
$1.2B
$1.1B
Accumulated other comprehensive loss
($73.1M)
($80.1M)
($81.6M)
($77.1M)
Total Universal Corporation shareholders' equity
$1.4B
$1.5B
$1.4B
$1.4B
Universal Corp balance sheet, quarters
Line item
Jun 30, 2026
Dec 31, 2025
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$173.6M
$85.2M
$88.7M
$178.4M
Accounts receivable, net
$348.0M
$571.5M
$445.3M
$424.2M
Advances to suppliers, net
$102.9M
$168.3M
$121.6M
$79.2M
Accounts receivable, unconsolidated affiliates
$104.5M
$62.4M
$114.1M
$127.7M
Tobacco
$1.2B
$990.6M
$1.1B
$1.2B
Other Non-Tobacco Inventory
$206.7M
—
—
—
Prepaid income taxes
$34.1M
$16.0M
$23.1M
$22.7M
Other current assets
$104.6M
$77.0M
$85.9M
$89.4M
Total current assets
$2.2B
$2.2B
$2.2B
$2.3B
Land
$26.4M
$26.3M
$26.3M
$26.3M
Buildings
$333.7M
$332.9M
$335.3M
$337.3M
Machinery and equipment
$768.9M
$756.5M
$746.3M
$739.9M
Total property, plant and equipment
$1.1B
$1.1B
$1.1B
$1.1B
Less accumulated depreciation
($752.4M)
($740.9M)
($735.5M)
($728.2M)
Property, plant and equipment, net
$376.6M
$374.7M
$372.4M
$375.3M
Operating lease right-of-use assets
$35.1M
$36.9M
$37.3M
$38.4M
Goodwill, net
$172.7M
$213.8M
$213.8M
$213.9M
Other intangibles, net
$46.6M
$50.6M
$52.6M
$55.2M
Investments in unconsolidated affiliates
$81.2M
$85.1M
$84.5M
$88.0M
Deferred income taxes
$18.6M
$15.4M
$18.2M
$20.5M
Pension asset
$16.5M
$13.6M
$13.4M
$13.0M
Other noncurrent assets
$48.2M
$44.0M
$38.4M
$38.7M
Total other assets
$418.9M
$459.4M
$458.4M
$467.7M
Total assets
$3.0B
$3.0B
$3.1B
$3.2B
Notes payable and overdrafts
$567.0M
$462.2M
$539.6M
$621.3M
Accounts payable
$91.0M
$82.6M
$99.6M
$119.8M
Accounts payable—unconsolidated affiliates
$255.0K
$2.7M
$299.0K
$76.0K
Customer advances and deposits
$3.5M
$1.7M
$2.8M
$4.6M
Accrued compensation
$25.1M
$27.4M
$30.8M
$22.6M
Income taxes payable
$12.9M
$19.9M
$14.6M
$15.5M
Current portion of operating lease liabilities
$10.5M
$11.3M
$11.8M
$11.2M
Accrued expenses and other current liabilities
$160.7M
$143.6M
$129.2M
$147.6M
Total current liabilities
$870.9M
$751.4M
$828.6M
$942.7M
Long-term debt
$616.9M
$616.6M
$618.2M
$618.1M
Pensions and other postretirement benefits
$35.4M
$36.7M
$36.5M
$36.3M
Long-term operating lease liabilities
$22.9M
$23.6M
$23.6M
$24.9M
Other long-term liabilities
$26.3M
$26.2M
$26.2M
$26.0M
Deferred income taxes
$40.2M
$37.9M
$33.2M
$41.7M
Total liabilities
$1.6B
$1.5B
$1.6B
$1.7B
Series A Junior Participating Preferred Stock, no par value, 500,000 shares authorized, none issued or outstanding
0
0
0
0
Common stock, no par value, 100,000,000 shares authorized 24,938,259 shares issued and outstanding at June 30, 2026 (24,807,613 at June 30, 2025 and 24,923,496 at March 31, 2026)
353.9M
354.1M
352.9M
355.5M
Retained earnings
$1.1B
$1.2B
$1.2B
$1.2B
Accumulated other comprehensive loss
($74.1M)
($72.2M)
($71.2M)
($71.3M)
Total Universal Corporation shareholders' equity
$1.4B
$1.5B
$1.5B
$1.5B
Noncontrolling interests in subsidiaries
$34.1M
$42.4M
$34.2M
$40.7M
Cash flow statement
Universal Corp cash flow statement, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Net income
$56.0M
$113.3M
$133.0M
$130.2M
Depreciation and Amortization
$53.4M
$59.8M
$58.3M
$57.3M
Provision for losses (recoveries) on advances
$6.3M
$1.9M
$14.1M
$10.6M
Inventory write-downs
$52.0M
$19.8M
$9.2M
$14.0M
Stock-based compensation expense
$7.1M
$8.5M
$12.1M
$8.4M
Foreign currency remeasurement loss (gain), net
$6.7M
$6.1M
$5.1M
($3.9M)
Foreign currency exchange contracts
($2.2M)
$916.0K
($365.0K)
$14.2M
Deferred income taxes
($961.0K)
$1.1M
($5.4M)
($7.7M)
Equity in net income of unconsolidated affiliates, net of dividends
$245.0K
($3.0M)
($1.2M)
$4.0M
Goodwill, Impairment Loss
$41.1M
—
—
—
Restructuring and impairment costs
$1.8M
$10.6M
$3.5M
$0
Restructuring payments
($3.3M)
($1.6M)
($1.2M)
$0
Pension settlement
$0
$14.1M
$0
$0
Other, net
$106.0K
$1.4M
$1.0M
($6.2M)
Accounts receivable
$39.2M
($130.0M)
($109.7M)
($74.7M)
Inventories
($89.5M)
$244.7M
($236.2M)
($41.9M)
Other assets
($21.2M)
$9.2M
($768.0K)
$10.8M
Accounts payable
($12.6M)
($8.7M)
$20.8M
($84.6M)
Accrued expenses and other current liabilities
($5.2M)
($10.3M)
$8.4M
$3.4M
Income taxes
$971.0K
$2.0M
$342.0K
($7.8M)
Customer advances and deposits
($707.0K)
($12.8M)
$14.4M
($7.5M)
Net cash provided (used) by operating activities
$129.1M
$327.0M
($74.6M)
($10.6M)
Purchase of property, plant and equipment
($48.8M)
($62.6M)
($66.0M)
($54.7M)
Proceeds from sale of business, less cash of businesses sold
$0
$0
$3.8M
$3.2M
Proceeds from sale of property, plant and equipment
$5.9M
$3.8M
$2.3M
$1.1M
Net cash used by investing activities
($43.0M)
($58.8M)
($60.0M)
($50.4M)
Issuance (repayment) of short-term debt, net
($170.1M)
$37.7M
$223.0M
$24.7M
Issuance of long-term debt
$89.1M
$0
$0
$123.5M
Repayment of long-term debt
$89.1M
$0
$0
$23.5M
Dividends paid to noncontrolling interests in subsidiaries
($19.0M)
($17.5M)
($10.6M)
($10.2M)
Repurchase of common stock
$0
$0
($4.7M)
($3.4M)
Dividends paid on common stock
($81.3M)
($79.7M)
($78.4M)
($77.4M)
Proceeds from termination of interest rate swap agreements
($988.0K)
$0
$0
$11.8M
Debt issuance costs and other
($12.9M)
($3.7M)
($3.6M)
($6.5M)
Net cash provided (used) by financing activities
($284.3M)
($63.2M)
$125.7M
$38.9M
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
$262.0K
($399.0K)
($141.0K)
($1.0M)
Net increase (decrease) in cash and cash equivalents
($197.9M)
$204.5M
($9.1M)
($23.0M)
Cash, restricted cash and cash equivalents at beginning of year
$260.1M
$55.6M
$64.7M
$87.6M
Cash, Restricted Cash and Cash Equivalents at End of Year
$62.2M
$260.1M
$55.6M
$64.7M
Interest
$71.8M
$75.3M
$61.1M
$49.9M
Income taxes, net of refunds
$43.1M
$38.4M
$38.1M
$49.1M
Universal Corp cash flow statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · YTD
Sep 30, 2025 · YTD
Jun 30, 2025 · Q1
Net income (loss)
($8.3M)
$90.8M
$49.2M
$14.4M
Depreciation and amortization
$12.8M
$40.2M
$27.2M
$13.6M
Net provision for losses (recoveries) on advances to suppliers
$1.8M
$1.7M
($2.8M)
$52.0K
Inventory writedowns
$1.6M
$17.3M
$9.8M
$1.5M
Stock-based compensation expense
$5.4M
$9.8M
$8.5M
$7.6M
Foreign currency remeasurement (gain) loss, net
$2.8M
$4.6M
$1.2M
($2.4M)
Foreign currency exchange contracts
$1.3M
($2.7M)
($2.5M)
($6.2M)
Deferred income taxes
($3.0M)
($1.5M)
($9.7M)
($3.3M)
Equity in net loss (income) of unconsolidated affiliates, net of dividends
($200.0K)
$215.0K
$991.0K
($1.9M)
Restructuring and impairment costs
$0
$1.8M
$1.1M
$1.1M
Restructuring payments
$0
($3.0M)
($2.8M)
($2.7M)
Other, net
$348.0K
($1.4M)
$37.0K
($43.0K)
Accounts and notes receivable
$194.4M
($5.7M)
$123.3M
$169.2M
Inventories
($338.6M)
($216.0M)
($367.0M)
($419.1M)
Other assets
($7.7M)
$6.5M
$2.2M
$627.0K
Accounts payable
$2.8M
($18.3M)
($3.3M)
$16.7M
Accrued expenses and other current liabilities
$33.2M
$9.9M
($4.4M)
$5.9M
Income taxes
($15.8M)
$10.1M
($2.0M)
($548.0K)
Customer advances and deposits
$247.0K
($2.4M)
($1.3M)
$478.0K
Net cash used by operating activities
($117.1M)
($58.0M)
($172.4M)
($205.1M)
Purchase of property, plant and equipment
($15.9M)
($40.3M)
($21.1M)
($12.1M)
Proceeds from sale of property, plant and equipment
$281.0K
$6.6M
$881.0K
$143.0K
Net cash used by investing activities
($15.6M)
($33.7M)
($20.2M)
($11.9M)
Issuance of short-term debt, net
$278.2M
$5.0M
$82.8M
$165.9M
Dividends paid to noncontrolling interests
($8.2M)
($14.1M)
($14.1M)
($7.2M)
Payments for Repurchase of Common Stock
$2.7M
—
—
—
Dividends paid on common stock
($20.4M)
($60.9M)
($40.4M)
($20.0M)
Other
($2.5M)
($12.9M)
($7.7M)
($4.0M)
Net cash provided by financing activities
$244.3M
($83.7M)
$20.6M
$134.6M
Effect of exchange rate changes on cash, restricted cash and cash equivalents
($119.0K)
$590.0K
$548.0K
$711.0K
Net increase (decrease) in cash, restricted cash and cash equivalents
$111.4M
($174.9M)
($171.5M)
($81.7M)
Cash, restricted cash and cash equivalents at beginning of year
$62.2M
$260.1M
$260.1M
$260.1M
Cash, restricted cash and cash equivalents at end of period