v3.22.2
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
May 31, 2022
May 31, 2021
Sales $ 2,540.7 $ 2,188.3
Excise taxes (177.5) (161.8)
Net sales 2,363.2 2,026.5
Cost of product sold (1,108.2) (907.2)
Gross profit 1,255.0 1,119.3
Selling, general, and administrative expenses (438.6) (378.3)
Impairment of brewery construction in progress 0.0 (665.9)
Operating income (loss) 816.4 75.1
Income (loss) from unconsolidated investments (187.9) (899.2)
Interest expense (88.5) (86.7)
Loss on extinguishment of debt (15.3) 0.0
Income (loss) before income taxes 524.7 (910.8)
(Provision for) benefit from income taxes (125.4) 13.5
Net income (loss) 399.3 (897.3)
Net (income) loss attributable to noncontrolling interests (9.8) (10.8)
Net income (loss) attributable to CBI 389.5 (908.1)
Comprehensive income (loss) 658.3 (792.8)
Comprehensive (income) loss attributable to noncontrolling interests (22.4) (16.4)
Comprehensive income (loss) attributable to CBI 635.9 (809.2)
Class A Stock    
Net income (loss) attributable to CBI $ 345.6 $ (807.8)
Net income (loss) per common share attributable to CBI:    
Net income (loss) per common share attributable to CBI - basic (in dollars per share) $ 2.09 $ (4.74)
Net income (loss) per common share attributable to CBI - diluted (in dollars per share) $ 2.06 $ (4.74)
Weighted average common shares outstanding:    
Weighted average common shares outstanding - basic (in shares) 165,335 170,602
Weighted average common shares outstanding - diluted (in shares) 189,333 170,602
Cash dividends declared per common share:    
Cash dividends declared per common share (in dollars per share) $ 0.80 $ 0.76
Class B Stock    
Net income (loss) attributable to CBI $ 43.9 $ (100.3)
Net income (loss) per common share attributable to CBI:    
Net income (loss) per common share attributable to CBI - basic (in dollars per share) $ 1.89 $ (4.31)
Net income (loss) per common share attributable to CBI - diluted (in dollars per share) $ 1.89 $ (4.31)
Weighted average common shares outstanding:    
Weighted average common shares outstanding - basic (in shares) 23,206 23,247
Weighted average common shares outstanding - diluted (in shares) 23,206 23,247
Cash dividends declared per common share:    
Cash dividends declared per common share (in dollars per share) $ 0.72 $ 0.69

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