| SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) |
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED):
A summary of selected quarterly financial information is as follows:
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QUARTER ENDED |
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May 31,
2018 |
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August 31,
2018 |
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November 30,
2018 |
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February 28,
2019 |
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Full Year |
(in millions, except per share data) |
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Fiscal 2019 |
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Net sales |
$ |
2,047.1 |
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$ |
2,299.1 |
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$ |
1,972.6 |
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$ |
1,797.2 |
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$ |
8,116.0 |
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Gross profit |
$ |
1,048.6 |
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$ |
1,168.2 |
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$ |
970.0 |
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$ |
893.5 |
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$ |
4,080.3 |
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Net income attributable to CBI (1)
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$ |
743.8 |
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$ |
1,149.5 |
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$ |
303.1 |
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$ |
1,239.5 |
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$ |
3,435.9 |
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Net income per common share attributable to CBI (1) (2):
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Basic – Class A Common Stock |
$ |
3.93 |
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$ |
6.11 |
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$ |
1.62 |
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$ |
6.57 |
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$ |
18.24 |
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Basic – Class B Convertible Common Stock |
$ |
3.57 |
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$ |
5.55 |
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$ |
1.47 |
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$ |
5.97 |
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$ |
16.57 |
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Diluted – Class A Common Stock |
$ |
3.77 |
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$ |
5.87 |
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$ |
1.56 |
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$ |
6.37 |
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$ |
17.57 |
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Diluted – Class B Convertible Common Stock |
$ |
3.48 |
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$ |
5.41 |
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$ |
1.45 |
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$ |
5.87 |
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$ |
16.21 |
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QUARTER ENDED |
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May 31,
2017 |
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August 31,
2017 |
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November 30,
2017 |
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February 28,
2018 |
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Full Year |
(in millions, except per share data) |
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Fiscal 2018 |
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Net sales |
$ |
1,928.5 |
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$ |
2,087.9 |
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$ |
1,801.9 |
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$ |
1,762.0 |
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$ |
7,580.3 |
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Gross profit |
$ |
988.3 |
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$ |
1,068.7 |
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$ |
910.3 |
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$ |
845.2 |
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$ |
3,812.5 |
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Net income attributable to CBI (1)
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$ |
398.5 |
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$ |
501.6 |
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$ |
492.8 |
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$ |
910.5 |
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$ |
2,303.4 |
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Net income per common share attributable to CBI (1) (2):
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Basic – Class A Common Stock |
$ |
2.07 |
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$ |
2.59 |
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$ |
2.55 |
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$ |
4.76 |
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$ |
11.96 |
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Basic – Class B Convertible Common Stock |
$ |
1.88 |
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$ |
2.36 |
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$ |
2.32 |
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$ |
4.32 |
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$ |
10.86 |
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Diluted – Class A Common Stock |
$ |
1.98 |
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$ |
2.49 |
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$ |
2.45 |
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$ |
4.56 |
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$ |
11.47 |
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Diluted – Class B Convertible Common Stock |
$ |
1.83 |
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$ |
2.30 |
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$ |
2.26 |
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$ |
4.21 |
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$ |
10.59 |
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(1) |
Includes the following: |
QUARTER ENDED |
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(in millions, net of income tax effect) |
May 31,
2018 |
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August 31,
2018 |
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November 30,
2018 |
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February 28,
2019 |
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Unrealized net gain (loss) on securities measured at fair value |
$ |
224.1 |
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$ |
595.1 |
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$ |
(168.4 |
) |
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$ |
911.7 |
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Net gain (loss) on sale of unconsolidated investment |
$ |
99.5 |
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$ |
(1.6 |
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$ |
— |
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$ |
— |
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Impairment of intangible assets |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
(81.0 |
) |
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QUARTER ENDED |
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May 31,
2017 |
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August 31,
2017 |
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November 30,
2017 |
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February 28,
2018 |
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Unrealized net gain on securities measured at fair value |
$ |
— |
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$ |
— |
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$ |
138.7 |
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$ |
264.0 |
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Net income tax benefit related to the TCJ Act |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
351.2 |
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Impairment of intangible assets |
$ |
(54.4 |
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$ |
— |
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$ |
— |
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$ |
— |
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(2) |
The sum of the quarterly net income per common share for Fiscal 2019 and Fiscal 2018 may not equal the total computed for the respective years as the net income per common share is computed independently for each of the quarters presented and for the full year. |
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