Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Unaudited)

v3.7.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
May 31, 2017
May 31, 2016
Sales $ 2,115.3 $ 2,053.0
Less – excise taxes (179.8) (181.2)
Net sales 1,935.5 1,871.8
Cost of product sold (940.2) (990.5)
Gross profit 995.3 881.3
Selling, general and administrative expenses (427.2) (328.6)
Operating income 568.1 552.7
Equity in earnings of equity method investees 0.4 0.7
Interest expense (82.4) (84.6)
Loss on write-off of debt issuance costs (6.7) 0.0
Income before income taxes 479.4 468.8
Provision for income taxes (74.1) (149.7)
Net income 405.3 319.1
Net income attributable to noncontrolling interests (2.5) (0.8)
Net income attributable to CBI 402.8 318.3
Comprehensive income 604.8 313.2
Comprehensive (income) loss attributable to noncontrolling interests (14.5) 1.1
Comprehensive income attributable to CBI 590.3 314.3
Class A Common Stock [Member]    
Net income attributable to CBI $ 358.6 $ 284.2
Net income per common share attributable to CBI:    
Net income per common share attributable to CBI, basic $ 2.09 $ 1.61
Net income per common share attributable to CBI, diluted $ 2.00 $ 1.55
Weighted average common shares outstanding:    
Weighted average common shares outstanding, basic 171,555 176,542
Weighted average common shares outstanding, diluted 201,030 205,367
Cash dividends declared per common share:    
Cash dividends declared per common share $ 0.52 $ 0.40
Class B Convertible Common Stock [Member]    
Net income attributable to CBI $ 44.2 $ 34.1
Net income per common share attributable to CBI:    
Net income per common share attributable to CBI, basic $ 1.90 $ 1.46
Net income per common share attributable to CBI, diluted $ 1.85 $ 1.43
Weighted average common shares outstanding:    
Weighted average common shares outstanding, basic 23,344 23,353
Weighted average common shares outstanding, diluted 23,344 23,353
Cash dividends declared per common share:    
Cash dividends declared per common share $ 0.47 $ 0.36