PYXUS INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 14, 2024
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Condensed Consolidated Balance Sheets
| Pyxus International, Inc. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited) | |||
|---|---|---|---|
| (in thousands) | December 31, 2023 | December 31, 2022 | March 31, 2023 |
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $90,245 | $216,449 | $136,733 |
| Restricted cash | 4,442 | 1,936 | 2,176 |
| Trade receivables, net | 227,529 | 205,991 | 185,351 |
| Other receivables | 11,988 | 16,336 | 17,387 |
| Inventories, net | 779,829 | 696,583 | 775,071 |
| Advances to tobacco suppliers, net | 87,790 | 79,669 | 42,305 |
| Recoverable income taxes | 4,604 | 7,053 | 5,815 |
| Prepaid expenses | 36,752 | 31,495 | 37,555 |
| Other current assets | 15,876 | 15,648 | 18,172 |
| Total current assets | 1,259,055 | 1,271,160 | 1,220,565 |
| Investments in unconsolidated affiliates | 93,619 | 94,099 | 100,750 |
| Other intangible assets, net | 35,030 | 39,732 | 38,572 |
| Deferred income taxes, net | 7,109 | 9,738 | 6,662 |
| Long-term recoverable income taxes | 2,648 | 3,444 | 2,863 |
| Other noncurrent assets | 31,687 | 43,086 | 43,761 |
| Right-of-use assets | 37,135 | 32,842 | 35,892 |
| Property, plant, and equipment, net | 135,097 | 136,556 | 133,398 |
| Total assets | $1,601,380 | $1,630,657 | $1,582,463 |
| Liabilities and Stockholders’ Equity | |||
| Current liabilities | |||
| Notes payable | $472,972 | $492,326 | $382,544 |
| Accounts payable | 136,397 | 135,092 | 170,287 |
| Advances from customers | 42,589 | 30,826 | 42,472 |
| Accrued expenses and other current liabilities | 78,231 | 95,312 | 92,693 |
| Income taxes payable | 6,922 | 6,665 | 18,264 |
| Operating leases payable | 8,089 | 9,097 | 8,723 |
| Current portion of long-term debt | 20,251 | 97,282 | 75 |
| Total current liabilities | 765,451 | 866,600 | 715,058 |
| Long-term taxes payable | 2,678 | 4,850 | 4,978 |
| Long-term debt | 574,077 | 496,636 | 618,430 |
| Deferred income taxes | 5,992 | 12,770 | 9,900 |
| Liability for unrecognized tax benefits | 15,450 | 13,402 | 14,175 |
| Long-term leases | 27,523 | 23,663 | 25,581 |
| Pension, postretirement, and other long-term liabilities | 52,552 | 56,990 | 52,511 |
| Total liabilities | 1,443,723 | 1,474,911 | 1,440,633 |
| Commitments and contingencies | |||
| Stockholders’ equity | |||
| Common Stock—no par value: | |||
| Authorized shares (250,000 for all periods) | |||
| Issued shares (25,000 for all periods) | 389,789 | 390,290 | 390,290 |
| Retained deficit | (245,220) | (237,346) | (257,954) |
| Accumulated other comprehensive income (loss) | 8,947 | (477) | 5,515 |
| Total stockholders’ equity of Pyxus International, Inc. | 153,516 | 152,467 | 137,851 |
| Noncontrolling interests | 4,141 | 3,279 | 3,979 |
| Total stockholders’ equity | 157,657 | 155,746 | 141,830 |
| Total liabilities and stockholders’ equity | $1,601,380 | $1,630,657 | $1,582,463 |
| See "Notes to Condensed Consolidated Financial Statements" | |||
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