v3.22.1
Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 29, 2020
Sales $ 9,529.1 $ 9,355.7 $ 9,113.0
Excise taxes (708.4) (740.8) (769.5)
Net sales 8,820.7 8,614.9 8,343.5
Cost of product sold (4,113.4) (4,148.9) (4,191.6)
Gross profit 4,707.3 4,466.0 4,151.9
Selling, general, and administrative expenses (1,711.4) (1,665.1) (1,621.8)
Impairment of brewery construction in progress (665.9) 0.0 0.0
Impairment of assets held for sale 0.0 (24.0) (449.7)
Gain (loss) on sale of business 1.7 14.2 74.1
Operating income (loss) 2,331.7 2,791.1 2,154.5
Income (loss) from unconsolidated investments (1,635.5) 150.3 (2,668.6)
Interest expense (356.4) (385.7) (428.7)
Loss on extinguishment of debt (29.4) (12.8) (2.4)
Income (loss) before income taxes 310.4 2,542.9 (945.2)
(Provision for) benefit from income taxes (309.4) (511.1) 966.6
Net income (loss) 1.0 2,031.8 21.4
Net (income) loss attributable to noncontrolling interests (41.4) (33.8) (33.2)
Net income (loss) attributable to CBI (40.4) 1,998.0 (11.8)
Class A Stock      
Net income (loss) attributable to CBI $ (35.8) $ 1,777.2 $ (10.2)
Net income (loss) per common share attributable to CBI:      
Basic (in dollars per share) $ (0.22) $ 10.44 $ (0.07)
Diluted (in dollars per share) $ (0.22) $ 10.23 $ (0.07)
Weighted average common shares outstanding:      
Basic (in shares) 167,431 170,239 168,329
Diluted (in shares) 167,431 195,308 168,329
Cash dividends declared per common share:      
Cash dividends declared per common share (in dollars per share) $ 3.04 $ 3.00 $ 3.00
Class B Stock      
Net income (loss) attributable to CBI $ (4.6) $ 220.8 $ (1.6)
Net income (loss) per common share attributable to CBI:      
Basic (in dollars per share) $ (0.20) $ 9.48 $ (0.07)
Diluted (in dollars per share) $ (0.20) $ 9.42 $ (0.07)
Weighted average common shares outstanding:      
Basic (in shares) 23,225 23,280 23,313
Diluted (in shares) 23,225 23,280 23,313
Cash dividends declared per common share:      
Cash dividends declared per common share (in dollars per share) $ 2.76 $ 2.72 $ 2.72

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