PYXUS INTERNATIONAL INC

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 12, 2024

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Contents

Condensed Consolidated Balance Sheets

Pyxus International, Inc. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited)
(in thousands)	September 30, 2024	September 30, 2023	March 31, 2024
Assets
Current assets
Cash and cash equivalents	$123,486	$112,098	$92,569
Restricted cash	7,446	5,572	7,224
Trade receivables, net	226,376	233,679	168,764
Other receivables	11,125	27,664	18,704
Inventories, net	974,570	877,154	931,654
Advances to tobacco suppliers, net	77,999	67,641	20,397
Recoverable income taxes	2,988	5,090	4,455
Prepaid expenses	43,095	36,844	50,185
Other current assets	18,988	15,179	16,254
Total current assets	1,486,073	1,380,921	1,310,206
Investments in unconsolidated affiliates	104,403	87,042	101,255
Intangible assets, net	31,587	36,251	33,879
Deferred income taxes, net	7,121	15,768	7,196
Long-term recoverable income taxes	4,008	3,410	2,963
Other noncurrent assets	34,916	46,206	32,617
Right-of-use assets	32,420	39,139	35,639
Property, plant, and equipment, net	136,146	133,717	134,158
Total assets	$1,836,674	$1,742,454	$1,657,913
Liabilities and Stockholders’ Equity
Current liabilities
Notes payable	$744,779	$570,036	$499,312
Accounts payable	152,594	153,152	181,247
Advances from customers	75,796	46,056	90,719
Accrued expenses and other current liabilities	103,393	93,981	96,954
Income taxes payable	13,589	12,585	8,539
Operating leases payable	8,279	8,380	8,100
Current portion of long-term debt	89	20,232	20,294
Total current liabilities	1,098,519	904,422	905,165
Long-term taxes payable	2,573	2,678	2,678
Long-term debt	489,470	573,959	497,734
Deferred income taxes	6,303	10,225	7,934
Liability for unrecognized tax benefits	12,510	20,170	17,742
Long-term leases	21,617	28,171	26,136
Pension, postretirement, and other long-term liabilities	54,923	52,816	53,701
Total liabilities	$1,685,915	$1,592,441	$1,511,090
Commitments and contingencies
Stockholders’ equity
Common Stock—no par value:
Authorized shares (250,000 for all periods)
Issued and outstanding shares (24,608, 25,000 and 25,000)	$392,421	$390,290	$389,789
Retained deficit	(253,876)	(249,055)	(255,291)
Accumulated other comprehensive income	7,636	4,539	7,786
Total stockholders’ equity of Pyxus International, Inc.	146,181	145,774	142,284
Noncontrolling interests	4,578	4,239	4,539
Total stockholders’ equity	150,759	150,013	146,823
Total liabilities and stockholders’ equity	$1,836,674	$1,742,454	$1,657,913
See "Notes to Condensed Consolidated Financial Statements"

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.