v3.22.4
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
Sales $ 2,624.6 $ 2,507.0 $ 8,029.6 $ 7,260.3
Excise taxes (188.1) (186.4) (574.8) (542.1)
Net sales 2,436.5 2,320.6 7,454.8 6,718.2
Cost of product sold (1,209.6) (1,094.9) (3,647.0) (3,143.5)
Gross profit 1,226.9 1,225.7 3,807.8 3,574.7
Selling, general, and administrative expenses (480.2) (385.8) (1,431.6) (1,254.6)
Impairment of brewery construction in progress 0.0 0.0 0.0 (665.9)
Operating income (loss) 746.7 839.9 2,376.2 1,654.2
Income (loss) from unconsolidated investments (37.2) (171.8) (1,944.2) (1,541.8)
Interest expense (98.7) (88.0) (281.5) (270.5)
Loss on extinguishment of debt 0.0 0.0 (23.3) (29.4)
Income (loss) before income taxes 610.8 580.1 127.2 (187.5)
(Provision for) benefit from income taxes (131.1) (99.3) (388.9) (217.1)
Net income (loss) 479.7 480.8 (261.7) (404.6)
Net (income) loss attributable to noncontrolling interests (12.0) (10.0) (32.3) (31.2)
Net income (loss) attributable to CBI 467.7 470.8 (294.0) (435.8)
Comprehensive income (loss) 643.1 130.0 (32.8) (708.6)
Comprehensive (income) loss attributable to noncontrolling interests (20.9) 8.1 (49.4) (14.8)
Comprehensive income (loss) attributable to CBI 622.2 138.1 (82.2) (723.4)
Class A Stock        
Net income (loss) attributable to CBI $ 426.3 $ 417.4 $ (247.3) $ (386.9)
Net income (loss) per common share attributable to CBI:        
Net income (loss) per common share attributable to CBI - basic (in dollars per share) $ 2.58 $ 2.53 $ (1.48) $ (2.31)
Net income (loss) per common share attributable to CBI - diluted (in dollars per share) $ 2.52 $ 2.48 $ (1.48) $ (2.31)
Weighted average common shares outstanding:        
Weighted average common shares outstanding - basic (in shares) 166,677 164,999 164,573 167,692
Weighted average common shares outstanding - diluted (in shares) 185,291 189,939 164,573 167,692
Cash dividends declared per common share:        
Cash dividends declared per common share (in dollars per share) $ 0.80 $ 0.76 $ 2.40 $ 2.28
Class B Stock        
Net income (loss) attributable to CBI $ 41.4 $ 53.4 $ (46.7) $ (48.9)
Net income (loss) per common share attributable to CBI:        
Net income (loss) per common share attributable to CBI - basic (in dollars per share) $ 1.78 $ 2.30 $ (2.01) $ (2.10)
Net income (loss) per common share attributable to CBI - diluted (in dollars per share) $ 1.78 $ 2.29 $ (2.01) $ (2.10)
Weighted average common shares outstanding:        
Weighted average common shares outstanding - basic (in shares) 23,206 23,222 23,206 23,230
Weighted average common shares outstanding - diluted (in shares) 23,206 23,222 23,206 23,230
Cash dividends declared per common share:        
Cash dividends declared per common share (in dollars per share) $ 0.72 $ 0.69 $ 2.16 $ 2.07

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