Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Unaudited)

v3.8.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2017
Nov. 30, 2016
Sales $ 1,978.9 $ 1,992.7 $ 6,391.4 $ 6,268.5
Excise taxes (179.8) (182.2) (572.3) (565.0)
Net sales 1,799.1 1,810.5 5,819.1 5,703.5
Cost of product sold (891.6) (919.1) (2,851.0) (2,961.8)
Gross profit 907.5 891.4 2,968.1 2,741.7
Selling, general and administrative expenses (420.7) (357.4) (1,199.3) (1,044.1)
Operating income 486.8 534.0 1,768.8 1,697.6
Income from unconsolidated investments 249.1 27.5 249.7 28.2
Interest expense (81.4) (77.6) (245.1) (256.3)
Loss on write-off of debt issuance costs (10.3) 0.0 (19.1) 0.0
Income before income taxes 644.2 483.9 1,754.3 1,469.5
Provision for income taxes (149.5) (78.9) (352.3) (392.2)
Net income 494.7 405.0 1,402.0 1,077.3
Net (income) loss attributable to noncontrolling interests (3.6) 0.9 (8.6) 5.8
Net income attributable to CBI 491.1 405.9 1,393.4 1,083.1
Comprehensive income 367.5 240.3 1,605.8 918.4
Comprehensive (income) loss attributable to noncontrolling interests 2.0 12.0 (21.6) 20.5
Comprehensive income attributable to CBI 369.5 252.3 1,584.2 938.9
Class A Common Stock [Member]        
Net income attributable to CBI $ 437.2 $ 362.6 $ 1,240.4 $ 967.5
Net income per common share attributable to CBI:        
Net income per common share attributable to CBI, basic $ 2.54 $ 2.04 $ 7.22 $ 5.46
Net income per common share attributable to CBI, diluted $ 2.44 $ 1.98 $ 6.93 $ 5.27
Weighted average common shares outstanding:        
Weighted average common shares outstanding, basic 171,922 177,513 171,854 177,171
Weighted average common shares outstanding, diluted 201,177 205,455 201,183 205,484
Cash dividends declared per common share:        
Cash dividends declared per common share $ 0.52 $ 0.40 $ 1.56 $ 1.20
Class B Convertible Common Stock [Member]        
Net income attributable to CBI $ 53.9 $ 43.3 $ 153.0 $ 115.6
Net income per common share attributable to CBI:        
Net income per common share attributable to CBI, basic $ 2.31 $ 1.85 $ 6.55 $ 4.95
Net income per common share attributable to CBI, diluted $ 2.26 $ 1.82 $ 6.40 $ 4.86
Weighted average common shares outstanding:        
Weighted average common shares outstanding, basic 23,333 23,353 23,339 23,353
Weighted average common shares outstanding, diluted 23,333 23,353 23,339 23,353
Cash dividends declared per common share:        
Cash dividends declared per common share $ 0.47 $ 0.36 $ 1.41 $ 1.08