Universal corporation (UVV)
CashFlow / Yearly
Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

110,134

116,168

112,506

118,148

120,461

155,155

140,919

100,819

164,550

170,345

132,561

Adjustments to reconcile net income to net cash used by operating activities:
Depreciation

37,104

34,836

35,911

36,754

35,394

37,257

43,408

42,158

43,654

41,288

40,761

Amortization

-

-

-

-

-

1,642

1,708

1,708

1,618

2,208

1,029

Net provision for losses (recoveries) on advances and guaranteed loans to suppliers

-2,339

3,730

-857

815

3,734

6,705

1,623

11,930

18,666

18,514

26,908

Inventory write-downs

4,002

7,687

10,866

11,899

18,612

7,654

1,523

8,324

8,539

1,266

-

Stock-based compensation expense

8,152

7,610

6,475

5,206

6,230

6,278

6,171

5,987

5,893

6,133

-

Foreign currency remeasurement (gain) loss, net

-1,786

184

-9,269

-22,517

-28,836

-14,322

10,579

-2,253

4,424

-9,309

45,987

Deferred income taxes

3,873

-11,132

16,626

15,046

-13,662

-2,176

11,794

6,770

-1,044

13,755

20,480

Equity in net income of unconsolidated affiliates, net of dividends

-3,659

1,521

-396

-156

1,075

-3,420

4,966

-14,658

3,731

3,037

-6,579

Gain on favorable outcome of excise tax case in Brazil

-

-

-

-

12,676

81,619

0

0

-

-

-

Fair value gain upon acquisition of partner's interest in joint venture

-

-

-

3,390

0

0

-

-

-

-

-

Gain on fire loss insurance settlement

-

-

-

-

-

-

-

9,592

0

0

-

Gain on sale of property in Brazil

-

-

-

-

-

-

-

11,111

0

0

-

Restructuring and impairment costs

20,304

0

4,359

2,389

4,890

6,746

4,113

11,661

21,504

0

-

Restructuring payments

4,014

315

2,020

-

-

-

-

-

-

-

-

Gain on assignment of farmer contracts and sale of related assets

-

-

-

-

-

-

-

-

19,368

0

-

Charge for European Commission fine in Italy

-

-

-

-

-

-

-

49,091

-7,445

0

-

Other, net

-5,613

7,866

4,463

-13,204

7,342

-2,251

1,174

-1,719

-2,381

1,863

8,173

Changes in operating assets and liabilities, net:
Accounts and notes receivable

8,373

-38,264

14,346

2,806

-49,414

89,536

5,433

25,480

79,648

-11,096

78,958

Inventories and other assets

-33,796

116,728

-52,139

7,370

-37,751

47,492

-6,578

-31,907

-75,146

215,865

16,870

Income taxes

-8,981

1,239

-1,719

1,437

5,680

11,391

18,111

-1,535

-3,631

2,142

2,029

Accounts payable and other accrued liabilities

-54,912

13,397

30,663

-13,678

-63,257

-27,345

11,167

-53,487

-67,206

14,679

-70,367

Customer advances and deposits

14,718

-3,940

-5,490

-13,796

14,397

-8,156

9,503

12,006

-101,236

92,264

-6,088

Net cash used by operating activities

164,522

81,245

250,315

186,531

227,387

-3,503

234,466

199,786

54,218

162,234

99,066

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment

38,760

34,037

35,630

47,153

58,385

45,849

30,783

38,174

39,129

57,577

35,656

Purchase of partner's interest in joint venture, net of cash held by the business

-

-

-

5,964

0

0

-

-

-

-

-

Proceeds from assignment of farmer contracts and sale of related assets

-

-

-

-

-

-

-

-

34,946

0

-

Proceeds from sale of property, plant and equipment

2,061

5,194

2,174

2,982

4,522

2,746

3,534

18,366

5,575

5,019

15,084

Proceeds from fire loss insurance settlement

-

-

-

-

-

-

-

9,933

0

0

-

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

9,658

Maturities and sales of short-term investments

-

-

-

-

-

-

-

-

-

-

68,848

Other

-2,000

-1,450

398

796

141

-1,033

-1,004

0

-260

-536

-3,500

Net cash used by investing activities

-34,699

-27,393

-33,854

-50,931

-54,004

-42,070

-26,245

-9,875

1,652

-52,022

42,118

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of short-term debt, net

12,036

-18,159

-5,349

4,880

2,618

-43,727

-18,374

-17,388

-39,350

-5,250

59,934

Issuance of long-term debt

41,147

0

0

-

370,000

175,000

0

100,000

0

99,208

-

Repayment of long-term debt

41,147

0

0

-

356,250

211,250

16,250

96,250

15,000

79,500

-

Dividends paid to noncontrolling interests

5,938

7,350

4,200

4,449

4,183

1,971

1,957

103

100

104

104

Issuance of common stock

-

-

-

-

187

457

3,949

134

0

729

37

Conversion of convertible perpetual preferred stock

0

0

178,365

0

1,497

0

0

-

-

-

-

Repurchase of common stock

1,443

21,610

0

0

31,227

14,145

8,481

4,004

46,929

32,194

111,073

Dividends paid on convertible perpetual preferred stock

0

0

11,061

14,748

14,824

14,850

14,850

14,850

14,850

14,850

14,850

Dividends paid on common stock

69,883

54,699

49,828

47,389

47,337

46,721

45,996

44,711

45,321

45,882

45,938

Proceeds from termination of interest rate swap agreements

5,428

0

0

-

-

-

-

13,388

0

0

-

Other

-5,987

-2,828

-2,441

-2,940

-4,511

-875

0

-3,539

0

-1,193

-

Net cash (used) provided by financing activities

-65,787

-104,646

-251,244

-64,646

-87,024

-158,082

-101,959

-67,323

-161,550

-79,036

-111,994

Effect of exchange rate changes on cash

-608

929

-671

-290

-1,108

-677

-97

-1,896

734

2,151

-2,634

Net decrease in cash and cash equivalents

63,428

-49,865

-35,454

70,664

85,251

-204,332

106,165

120,692

-104,946

33,327

26,556

Non-cash reclassification of preferred stock converted

-

-

0

-

-

-

-

-

-

-

-

Supplemental information—cash paid for:
Interest

16,462

15,621

16,284

15,704

19,184

25,116

22,027

20,462

23,622

24,961

35,457

Income taxes, net of refunds

44,856

58,339

37,294

38,732

46,044

65,511

35,913

51,625

79,724

82,934

40,180

Series B 6.75% Convertible Perpetual Preferred Stock [Member]
Non-cash reclassification of preferred stock converted

-

-

107,600

-

-

-

-

-

-

-

-

Preferred stock, shares converted to common stock

0

0

111

-

-

-

-

-

-

-

-