UNIVERSAL CORPORATION UVV Income Statement

Universal corporation (UVV)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Sales and other operating revenues
505,049	475,921	296,915	671,723	636,107	539,604	379,719	607,496	653,581	488,248	284,622	650,030	668,771	456,942	295,475	803,980	584,592	456,382	275,419	778,159	758,054	464,116	271,472	689,916	767,802	650,869	433,528	645,092	680,029	675,187	461,391	653,966	672,420	641,026	479,465	680,215	688,208	664,188	538,916	566,503	661,205	647,918	616,112
Costs and expenses
Cost of goods sold
412,076	379,892	238,265	552,243	520,677	440,144	307,498	490,999	545,063	395,172	230,765	530,845	533,318	369,098	243,278	663,038	464,686	358,288	227,030	656,068	610,482	379,045	215,932	586,712	628,495	531,557	362,060	538,195	554,588	537,138	369,361	542,863	525,315	521,600	385,107	561,437	534,164	530,914	436,679	455,609	516,541	500,575	476,748
Selling, general and administrative expenses
48,858	52,830	51,136	57,874	58,302	45,090	63,852	56,355	49,017	48,271	47,480	58,818	52,068	40,834	60,199	60,498	54,081	60,810	51,296	73,061	53,539	59,809	63,777	60,471	66,468	68,455	66,619	65,889	60,928	59,275	49,203	67,654	64,747	57,660	61,578	64,939	74,826	59,094	60,183	68,267	75,719	71,478	69,592
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,390	-	-	-	0	-	-	0	0	0	81,619	0	0	0	0	0	11,111	0	9,592	-	19,368	-	-	-	-	-	-
Restructuring and impairment costs
0	-	-	-	19,447	-	-	-	0	-	-	-	178	3,682	-	0	0	0	2,389	397	1,143	3,350	0	-	3,400	1,308	-	-	0	3,687	-	1,441	399	2,962	6,859	7,540	10,995	2,020	949	-	-	0	0
Charge for European Commission fine in Italy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	49,091	-	-	-	-7,445	-	-	-	-	-
Operating Income (Loss)
44,115	43,199	7,514	60,749	37,681	54,370	8,369	60,142	59,501	44,805	6,377	59,868	83,207	43,328	-8,002	80,444	69,215	37,284	-5,296	61,309	92,890	21,912	-8,237	40,695	69,439	49,549	86,468	40,582	64,513	75,087	42,827	42,008	93,070	9,713	35,513	46,299	87,591	79,605	41,105	42,627	68,945	75,865	69,772
Equity In Pretax Earnings Of Unconsolidated Affiliates
-69	2,310	40	-138	5,512	-614	539	2,489	6,404	667	-435	149	4,495	1,260	-130	2,866	2,326	846	-616	3,746	-527	3,317	601	2,142	1,789	-1,563	1,529	5,827	-1,241	-320	1,369	5,459	1,072	153	-3,489	7,681	-1,439	2,014	378	5,347	7,783	5,605	3,641
Other non-operating income
633	633	627	283	163	196	190	136	178	170	178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
164	240	1,008	488	233	299	512	324	166	526	670	281	482	271	363	282	452	205	239	218	148	67	143	201	344	143	261	244	183	70	157	74	519	364	357	109	754	1,416	444	327	130	231	565
Interest expense
5,197	5,136	4,028	4,236	4,732	4,593	3,949	3,705	4,020	3,964	3,932	3,844	4,051	4,335	4,054	3,936	3,937	3,912	3,884	3,611	4,637	4,852	4,020	3,684	5,157	6,160	5,306	4,235	5,670	5,938	6,170	5,462	6,175	5,665	5,533	5,813	6,257	5,862	5,126	3,923	5,438	6,694	8,155
Income before income taxes and other items
39,646	41,246	5,161	57,146	38,857	49,658	5,661	59,386	62,229	42,204	2,858	56,404	84,133	40,524	-11,823	79,656	68,056	34,423	-9,557	61,662	87,874	20,444	-11,513	39,354	66,415	41,969	82,952	42,418	57,785	68,899	38,183	42,079	88,486	4,565	26,848	48,276	80,649	77,173	36,801	44,378	71,420	75,007	65,823
Income taxes
10,328	11,499	4,266	23,454	7,768	15,365	-5,399	25,064	12,010	13,898	-463	19,954	27,071	14,026	-4,319	27,062	21,441	9,359	-3,432	15,287	29,797	4,960	-12,038	12,145	22,212	12,139	29,039	15,733	18,070	19,613	12,950	12,187	26,884	12,562	9,526	19,512	23,064	23,390	12,383	20,983	22,946	20,335	22,019
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
29,318	29,747	895	33,692	31,089	34,293	11,060	34,322	50,219	28,306	3,321	36,450	57,062	26,498	-7,504	52,594	46,615	25,064	-6,125	46,375	58,077	15,484	525	27,209	44,203	29,830	53,913	26,685	39,715	49,286	25,233	29,892	61,602	-7,997	17,322	28,764	57,585	53,783	24,418	23,395	48,474	54,672	43,804
Net Income (Loss) Attributable to Noncontrolling Interest
3,352	1,670	-1,177	2,331	2,954	2,847	-2,119	3,804	4,819	2,139	-256	3,581	3,415	1,234	-2,028	4,630	2,081	2,599	-178	548	5,038	459	-192	538	5,618	4,386	-4,396	583	4,173	1,305	2,108	4,137	3,149	42	1,434	1,648	5,287	1,952	-902	-3,046	2,778	2,157	59
Net Income (Loss) Attributable to Parent
25,966	28,077	2,072	31,361	28,135	31,446	13,179	30,518	45,400	26,167	3,577	32,869	53,647	25,264	-5,476	47,964	44,534	22,465	-5,947	45,827	53,039	15,025	717	26,671	38,585	25,444	58,309	26,102	35,542	47,981	23,125	25,755	58,453	-8,039	15,888	27,116	52,298	51,831	25,320	26,441	45,696	52,515	43,745
Dividends on Universal Corporation convertible perpetual preferred stock
-	-	-	-	-	-	-	-	-	-	-	0	3,687	3,687	3,687	3,687	3,687	3,687	3,687	3,687	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712	3,713	3,712
Cost in excess of carrying value on conversion/repurchase of convertible perpetual preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings available to Universal Corporation common shareholders
-	-	-	-	-	-	-	-	-	-	-	-41,484	49,960	21,577	-9,163	44,277	40,847	18,778	-9,634	42,122	49,309	11,312	-2,995	22,958	34,873	21,731	54,597	22,389	31,830	44,268	19,413	22,042	54,741	-11,752	12,176	23,403	48,586	48,118	21,608	22,728	41,984	48,802	40,033
Earnings Per Share [Abstract]
Earnings Per Share, Basic
1.04	1.12	0.08	1.24	1.12	1.25	0.53	1.21	1.80	1.03	0.14	-1.83	2.17	0.95	-0.40	1.96	1.80	0.83	-0.43	1.84	2.13	0.49	-0.13	0.99	1.50	0.94	2.34	0.97	1.36	1.89	0.83	0.95	2.36	-0.51	0.52	1.00	2.05	2.00	0.89	0.94	1.70	1.97	1.60
Diluted
1.04	1.11	0.08	1.24	1.11	1.24	0.52	1.20	1.78	1.02	0.14	-1.54	1.92	0.90	-0.40	1.94	1.60	0.81	-0.43	1.84	1.87	0.48	-0.13	0.94	1.36	0.90	2.05	0.92	1.25	1.68	0.81	1.18	2.06	-0.51	0.52	0.95	1.82	1.78	0.87	0.90	1.54	1.77	1.47
Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
24,931	25,086	25,158	25,137	25,162	25,152	25,064	25,127	25,230	25,334	25,407	25,241	22,982	22,777	22,734	22,717	22,717	22,675	22,622	22,646	23,095	23,178	23,223	23,216	23,216	23,207	23,316	23,337	23,406	23,379	23,297	23,251	23,238	23,229	23,194	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
25,055	25,197	25,284	25,333	25,365	25,337	25,284	25,393	25,460	25,546	25,632	16,381	27,996	27,968	22,734	32,973	27,854	27,850	22,622	37,862	28,291	23,508	23,223	28,402	28,364	28,336	28,465	28,503	28,517	28,501	28,391	38,233	28,381	23,229	23,513	-	-	-	-	-	-	-	-
Total comprehensive income (loss)
Total comprehensive income, net of income taxes
40,023	14,908	-3,452	-	28,737	34,582	-2,477	-	53,971	33,079	9,109	-	58,717	29,651	-12,330	-	47,794	19,470	2,380	-	4,954	4,954	1,349	-	46,387	61,024	55,417	-	48,424	57,704	15,454	-	55,477	-21,739	22,987	-	-	-	-	-	-	-	-
Less: comprehensive income attributable to noncontrolling interests
3,491	1,546	-1,054	-	3,221	2,742	-2,278	-	5,128	2,076	-304	-	3,214	1,007	-2,245	-	2,042	2,259	-264	-	178	178	52	-	5,432	4,375	-4,722	-	4,274	1,407	2,197	-	3,097	0	1,430	-	-	-	-	-	-	-	-
Comprehensive income (loss) attributable to Universal Corporation
36,532	13,362	-2,398	-	25,516	31,840	-199	-	48,843	31,003	9,413	-	55,503	28,644	-10,085	-	45,752	17,211	2,644	-	4,776	4,776	1,297	-	40,955	56,649	60,139	-	44,150	56,297	13,257	-	52,380	-21,739	21,557	-	-	-	-	-	-	-	-
Dividends declared per common share
0.76	0.76	0.76	-	0.75	0.75	0.75	-	0.55	0.54	0.54	-	0.54	0.53	0.53	-	0.53	0.52	0.52	-	0.52	0.51	0.51	-	0.51	0.50	0.50	-	0.50	0.49	0.49	-	0.49	0.48	0.48	-	-	-	-	-	-	-	-
Net income attributable to Universal Corporation
25,966	28,077	2,072	31,361	28,135	31,446	13,179	30,518	45,400	26,167	3,577	32,869	53,647	25,264	-5,476	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,298	51,831	25,320	-	45,696	52,515	43,745
Series B 6.75% Convertible Perpetual Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,712	3,713	3,712	-	3,712	3,713	3,712
Common stock (2011 - $1.45 per share; 2010 - $1.42 per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,308	11,236	11,347	-	11,563	34,282	-11,461
Repurchase of common stock - cost in excess of stated capital amount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,189	7,280	8,605	-	-4,133	-6,100	-2,773
Dividend equivalents on restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	299	-97	-	-107	-104	-75