Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3.a.u2
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 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 Nine Months Ended
 
November 30, 2019
 
November 30, 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
$
(364.0
)
 
$
(46.2
)
 
$
1,949.3

 
$
247.1

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

 
—

 
247.1

 
—

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

 
—

 
—

 
(5.6
)
Net income (loss) attributable to CBI allocated – diluted
$
(364.0
)
 
$
(46.2
)
 
$
2,196.4

 
$
241.5

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
168.258

 
23.316

 
167.203

 
23.322

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

 
—

 
23.322

 
—

Stock-based awards, primarily stock options
—

 
—

 
5.396

 
—

Weighted average common shares outstanding – diluted
168.258

 
23.316

 
195.921

 
23.322

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to CBI – basic
$
(2.17
)
 
$
(1.98
)
 
$
11.66

 
$
10.59

Net income (loss) per common share attributable to CBI – diluted
$
(2.17
)
 
$
(1.98
)
 
$
11.21

 
$
10.35


 
For the Three Months Ended
 
November 30, 2019
 
November 30, 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
$
320.1

 
$
40.3

 
$
268.9

 
$
34.2

Conversion of Class B common shares into Class A common shares
40.3

 
—

 
34.2

 
—

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

 
(0.4
)
 
—

 
(0.5
)
Net income (loss) attributable to CBI allocated – diluted
$
360.4

 
$
39.9

 
$
303.1

 
$
33.7

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
168.346

 
23.314

 
166.364

 
23.318

Conversion of Class B common shares into Class A common shares
23.314

 
—

 
23.318

 
—

Stock-based awards, primarily stock options
3.196

 
—

 
5.138

 
—

Weighted average common shares outstanding – diluted
194.856

 
23.314

 
194.820

 
23.318

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to CBI – basic
$
1.90

 
$
1.73

 
$
1.62

 
$
1.47

Net income (loss) per common share attributable to CBI – diluted
$
1.85

 
$
1.71

 
$
1.56

 
$
1.45