Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share Attributable to CBI (Tables)

v3.19.3
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 6 Months Ended
Aug. 31, 2019
Earnings Per Share [Abstract]  
Basic and diluted net income (loss) per common share attributable to CBI
The computation of basic and diluted net income (loss) per common share is as follows:
 
For the Six Months Ended
 
August 31, 2019
 
August 31, 2018
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
Net income (loss) attributable to CBI allocated – basic
$
(684.1
)
 
$
(86.5
)
 
$
1,680.7

 
$
212.6

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

 
—

 
212.6

 
—

Effect of stock-based awards on allocated net income (loss)
—

 
—

 
—

 
(5.2
)
Net income (loss) attributable to CBI allocated – diluted
$
(684.1
)
 
$
(86.5
)
 
$
1,893.3

 
$
207.4

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
168.215

 
23.316

 
167.617

 
23.325

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

 
—

 
23.325

 
—

Stock-based awards, primarily stock options
—

 
—

 
5.526

 
—

Weighted average common shares outstanding – diluted
168.215

 
23.316

 
196.468

 
23.325

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to CBI – basic
$
(4.08
)
 
$
(3.71
)
 
$
10.03

 
$
9.11

Net income (loss) per common share attributable to CBI – diluted
$
(4.08
)
 
$
(3.71
)
 
$
9.64

 
$
8.89

 
 
 
 
 
 
 
 

 
For the Three Months Ended
 
August 31, 2019
 
August 31, 2018
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
Net income (loss) attributable to CBI allocated – basic
$
(466.4
)
 
$
(58.8
)
 
$
1,020.0

 
$
129.5

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

 
—

 
129.5

 
—

Effect of stock-based awards on allocated net income (loss)
—

 
—

 
—

 
(3.2
)
Net income (loss) attributable to CBI allocated – diluted
$
(466.4
)
 
$
(58.8
)
 
$
1,149.5

 
$
126.3

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
168.310

 
23.316

 
167.172

 
23.323

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

 
—

 
23.323

 
—

Stock-based awards, primarily stock options
—

 
—

 
5.412

 
—

Weighted average common shares outstanding – diluted
168.310

 
23.316

 
195.907

 
23.323

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to CBI – basic
$
(2.77
)
 
$
(2.52
)
 
$
6.11

 
$
5.55

Net income (loss) per common share attributable to CBI – diluted
$
(2.77
)
 
$
(2.52
)
 
$
5.87

 
$
5.41