Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Feb. 29, 2016
Sales $ 8,326.8 $ 8,061.6 $ 7,223.8
Excise taxes (741.8) (730.1) (675.4)
Net sales 7,585.0 7,331.5 6,548.4
Cost of product sold (3,767.8) (3,802.1) (3,606.1)
Gross profit 3,817.2 3,529.4 2,942.3
Selling, general and administrative expenses (1,532.7) (1,392.4) (1,177.2)
Gain on sale of business 0.0 262.4 0.0
Operating income 2,284.5 2,399.4 1,765.1
Income from unconsolidated investments 487.2 27.3 51.1
Interest expense (332.0) (333.3) (313.9)
Loss on extinguishment of debt (97.0) 0.0 (1.1)
Income before income taxes 2,342.7 2,093.4 1,501.2
Provision for income taxes (11.9) (554.2) (440.6)
Net income 2,330.8 1,539.2 1,060.6
Net income attributable to noncontrolling interests (11.9) (4.1) (5.7)
Net income attributable to CBI 2,318.9 1,535.1 1,054.9
Class A Common Stock [Member]      
Net income attributable to CBI $ 2,063.7 $ 1,370.1 $ 940.0
Earnings Per Share [Abstract]      
Net income per common share attributable to CBI, basic (in dollars per share) $ 12.04 $ 7.79 $ 5.42
Net income per common share attributable to CBI, diluted (in dollars per share) $ 11.55 $ 7.52 $ 5.18
Weighted Average Number of Shares Outstanding, Diluted [Abstract]      
Weighted average common shares outstanding, basic 171,457 175,934 173,383
Weighted average common shares outstanding, diluted 200,745 204,099 203,821
Dividends [Abstract]      
Cash dividends declared per common share $ 2.08 $ 1.60 $ 1.24
Class B Convertible Common Stock [Member]      
Net income attributable to CBI $ 255.2 $ 165.0 $ 114.9
Earnings Per Share [Abstract]      
Net income per common share attributable to CBI, basic (in dollars per share) $ 10.93 $ 7.07 $ 4.92
Net income per common share attributable to CBI, diluted (in dollars per share) $ 10.66 $ 6.93 $ 4.79
Weighted Average Number of Shares Outstanding, Diluted [Abstract]      
Weighted average common shares outstanding, basic 23,336 23,353 23,363
Weighted average common shares outstanding, diluted 23,336 23,353 23,363
Dividends [Abstract]      
Cash dividends declared per common share $ 1.88 $ 1.44 $ 1.12