Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

6 Months Ended

Aug. 31, 2018

The computation of basic and diluted net income per common share is as follows:



	For the Six Months Ended
	August 31, 2018					August 31, 2017
	Common Stock					Common Stock
	Class A		Class B			Class A		Class B
(in millions, except per share data)
Net income attributable to CBI allocated – basic	$	1,680.7	$	212.6		$	801.3	$	98.8
Conversion of Class B common shares into Class A common shares	212.6		—			98.8		—
Effect of stock-based awards on allocated net income	—		(5.2		)	—		(2.3		)
Net income attributable to CBI allocated – diluted	$	1,893.3	$	207.4		$	900.1	$	96.5

Weighted average common shares outstanding – basic	167.617		23.325			171.821		23.341
Conversion of Class B common shares into Class A common shares	23.325		—			23.341		—
Stock-based awards, primarily stock options	5.526		—			6.037		—
Weighted average common shares outstanding – diluted	196.468		23.325			201.199		23.341

Net income per common share attributable to CBI – basic	$	10.03	$	9.11		$	4.66	$	4.23
Net income per common share attributable to CBI – diluted	$	9.64	$	8.89		$	4.47	$	4.13



	For the Three Months Ended
	August 31, 2018					August 31, 2017
	Common Stock					Common Stock
	Class A		Class B			Class A		Class B
(in millions, except per share data)
Net income attributable to CBI allocated – basic	$	1,020.0	$	129.5		$	446.6	$	55.0
Conversion of Class B common shares into Class A common shares	129.5		—			55.0		—
Effect of stock-based awards on allocated net income	—		(3.2		)	—		(1.3		)
Net income attributable to CBI allocated – diluted	$	1,149.5	$	126.3		$	501.6	$	53.7

Weighted average common shares outstanding – basic	167.172		23.323			172.087		23.338
Conversion of Class B common shares into Class A common shares	23.323		—			23.338		—
Stock-based awards, primarily stock options	5.412		—			5.921		—
Weighted average common shares outstanding – diluted	195.907		23.323			201.346		23.338

Net income per common share attributable to CBI – basic	$	6.11	$	5.55		$	2.59	$	2.36
Net income per common share attributable to CBI – diluted	$	5.87	$	5.41		$	2.49	$	2.30