Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

v3.10.0.1
Net Income Per Common Share Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 2018
Earnings Per Share [Abstract]  
Basic and diluted net income per common share attributable to CBI
The computation of basic and diluted net income per common share is as follows:
 
For the Nine Months Ended
 
November 30, 2018
 
November 30, 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
$
1,949.3

 
$
247.1

 
$
1,240.0

 
$
152.9

Conversion of Class B common shares into Class A common shares
247.1

 
—

 
152.9

 
—

Effect of stock-based awards on allocated net income
—

 
(5.6
)
 
—

 
(3.6
)
Net income attributable to CBI allocated – diluted
$
2,196.4

 
$
241.5

 
$
1,392.9

 
$
149.3

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
167.203

 
23.322

 
171.854

 
23.339

Conversion of Class B common shares into Class A common shares
23.322

 
—

 
23.339

 
—

Stock-based awards, primarily stock options
5.396

 
—

 
5.990

 
—

Weighted average common shares outstanding – diluted
195.921

 
23.322

 
201.183

 
23.339

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
11.66

 
$
10.59

 
$
7.22

 
$
6.55

Net income per common share attributable to CBI – diluted
$
11.21

 
$
10.35

 
$
6.92

 
$
6.40

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
 
November 30, 2018
 
November 30, 2017
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
Net income attributable to CBI allocated – basic
$
268.9

 
$
34.2

 
$
438.7

 
$
54.1

Conversion of Class B common shares into Class A common shares
34.2

 
—

 
54.1

 
—

Effect of stock-based awards on allocated net income
—

 
(0.5
)
 
—

 
(1.3
)
Net income attributable to CBI allocated – diluted
$
303.1

 
$
33.7

 
$
492.8

 
$
52.8

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
166.364

 
23.318

 
171.922

 
23.333

Conversion of Class B common shares into Class A common shares
23.318

 
—

 
23.333

 
—

Stock-based awards, primarily stock options
5.138

 
—

 
5.922

 
—

Weighted average common shares outstanding – diluted
194.820

 
23.318

 
201.177

 
23.333

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
1.62

 
$
1.47

 
$
2.55

 
$
2.32

Net income per common share attributable to CBI – diluted
$
1.56

 
$
1.45

 
$
2.45

 
$
2.26