PYXUS INTERNATIONAL, INC.

For the period ended Dec 31, 2024. Filed Feb 12, 2025.

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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, 2024 · Filed Feb 12, 2025

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Contents

Condensed Consolidated Balance Sheets

Pyxus International, Inc. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited)
(in thousands)	December 31, 2024	December 31, 2023	March 31, 2024
Assets
Current assets
Cash and cash equivalents	$103,342	$90,245	$92,569
Restricted cash	6,363	4,442	7,224
Trade receivables, net	326,641	227,529	168,764
Other receivables	17,518	11,988	18,704
Inventories, net	782,480	779,829	931,654
Advances to tobacco suppliers, net	91,838	87,790	20,397
Recoverable income taxes	2,659	4,604	4,455
Prepaid expenses	34,549	36,752	50,185
Other current assets	19,841	15,876	16,254
Total current assets	1,385,231	1,259,055	1,310,206
Investments in unconsolidated affiliates	97,258	93,619	101,255
Intangible assets, net	29,627	35,030	33,879
Deferred income taxes, net	7,056	7,109	7,196
Long-term recoverable income taxes	3,534	2,648	2,963
Other noncurrent assets	31,065	31,687	32,617
Right-of-use assets	30,069	37,135	35,639
Property, plant, and equipment, net	136,344	135,097	134,158
Total assets	$1,720,184	$1,601,380	$1,657,913
Liabilities and Stockholders’ Equity
Current liabilities
Notes payable	$608,648	$472,972	$499,312
Accounts payable	169,807	136,397	181,247
Advances from customers	88,444	42,589	90,719
Accrued expenses and other current liabilities	104,179	78,231	96,954
Income taxes payable	20,525	6,922	8,539
Operating leases payable	8,179	8,089	8,100
Current portion of long-term debt	49	20,251	20,294
Total current liabilities	999,831	765,451	905,165
Long-term taxes payable	3,735	2,678	2,678
Long-term debt	454,643	574,077	497,734
Deferred income taxes	8,265	5,992	7,934
Liability for unrecognized tax benefits	12,996	15,450	17,742
Long-term leases	19,399	27,523	26,136
Pension, postretirement, and other long-term liabilities	54,308	52,552	53,701
Total liabilities	$1,553,177	$1,443,723	$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)	$392,688	$389,789	$389,789
Retained deficit	(234,978)	(245,220)	(255,291)
Accumulated other comprehensive income	4,207	8,947	7,786
Total stockholders’ equity of Pyxus International, Inc.	161,917	153,516	142,284
Noncontrolling interests	5,090	4,141	4,539
Total stockholders’ equity	167,007	157,657	146,823
Total liabilities and stockholders’ equity	$1,720,184	$1,601,380	$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.