Constellation Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Segment Information (Tables)

Business Segment Information (Tables)

12 Months Ended

Feb. 28, 2013

For the years ended February 28, 2013, February 29, 2012, and February 28, 2011, restructuring charges and unusual items included in operating income consist of:



	For the Years Ended
	February 28, 2013			February 29, 2012			February 28, 2011
(in millions)
Cost of Product Sold
Flow through of inventory step-up	$	7.8		$	1.6		$	2.4
Accelerated depreciation	—			0.3			2.2
Other	—			—			0.1
Cost of Product Sold	7.8			1.9			4.7

Selling, General and Administrative Expenses
Transaction and related costs associated with pending and completed acquisitions	27.7			—			—
Net gains on acquisition of Ruffino (excluding gain on obligation from put option of Ruffino shareholder) and related activities	—			(3.8		)	—
(Gain) loss on obligation from put option of Ruffino shareholder	—			(2.5		)	60.0
Net gains on CWAE Divestiture and related activities	(7.1		)	(0.5		)	(83.7		)
Other costs	4.7			4.3			3.5
Selling, General and Administrative Expenses	25.3			(2.5		)	(20.2		)

Impairment of Intangible Assets	—			38.1			23.6

Restructuring Charges	0.7			16.0			23.1

Restructuring Charges and Unusual Items	$	33.8		$	53.5		$	31.2

Segment information

Segment information is as follows:



	For the Years Ended
	February 28, 2013		February 29, 2012		February 28, 2011
(in millions)
Constellation Wines and Spirits
Net sales	$	2,796.1	$	2,654.3	$	2,557.3
Segment operating income	$	650.2	$	621.9	$	631.0
Equity in earnings of equity method investees	$	13.0	$	13.4	$	12.7
Long-lived assets	$	1,100.5	$	1,120.9	$	1,101.7
Investment in equity method investees	$	74.3	$	71.9	$	79.6
Total assets	$	6,921.8	$	6,729.7	$	6,623.6
Capital expenditures	$	53.6	$	48.1	$	52.1
Depreciation and amortization	$	91.6	$	86.7	$	88.8



	For the Years Ended
	February 28, 2013			February 29, 2012			February 28, 2011
(in millions)
CWAE
Net sales	$	—		$	—		$	774.7
Segment operating income	$	—		$	—		$	9.3
Equity in earnings of equity method investees	$	—		$	—		$	5.6
Long-lived assets	$	—		$	—		$	—
Investment in equity method investees	$	—		$	—		$	—
Total assets	$	—		$	—		$	—
Capital expenditures	$	—		$	—		$	5.3
Depreciation and amortization	$	—		$	—		$	26.1

Corporate Operations and Other
Net sales	$	—		$	—		$	—
Segment operating loss	$	(93.5	)	$	(81.9	)	$	(106.6	)
Long-lived assets	$	128.5		$	134.9		$	117.9
Total assets	$	547.0		$	203.8		$	360.7
Capital expenditures	$	8.5		$	20.3		$	31.7
Depreciation and amortization	$	23.8		$	17.1		$	9.8

Crown Imports
Net sales	$	2,588.1		$	2,469.5		$	2,392.9
Segment operating income	$	448.0		$	431.0		$	453.0
Long-lived assets	$	8.8		$	10.0		$	4.8
Total assets	$	440.5		$	409.6		$	419.0
Capital expenditures	$	1.3		$	7.5		$	1.6
Depreciation and amortization	$	2.5		$	2.3		$	1.8

Restructuring Charges and Unusual Items
Operating loss	$	(33.8	)	$	(53.5	)	$	(31.2	)
Equity in losses of equity method investees	$	(1.0	)	$	—		$	(0.6	)

Consolidation and Eliminations
Net sales	$	(2,588.1	)	$	(2,469.5	)	$	(2,392.9	)
Operating income	$	(448.0	)	$	(431.0	)	$	(453.0	)
Equity in earnings of Crown Imports	$	221.1		$	215.1		$	226.1
Long-lived assets	$	(8.8	)	$	(10.0	)	$	(4.8	)
Investment in equity method investees	$	169.3		$	176.4		$	183.3
Total assets	$	(271.2	)	$	(233.2	)	$	(235.7	)
Capital expenditures	$	(1.3	)	$	(7.5	)	$	(1.6	)
Depreciation and amortization	$	(2.5	)	$	(2.3	)	$	(1.8	)



	For the Years Ended
	February 28, 2013		February 29, 2012		February 28, 2011
(in millions)
Consolidated
Net sales	$	2,796.1	$	2,654.3	$	3,332.0
Operating income	$	522.9	$	486.5	$	502.5
Equity in earnings of equity method investees	$	233.1	$	228.5	$	243.8
Long-lived assets	$	1,229.0	$	1,255.8	$	1,219.6
Investment in equity method investees	$	243.6	$	248.3	$	262.9
Total assets	$	7,638.1	$	7,109.9	$	7,167.6
Capital expenditures	$	62.1	$	68.4	$	89.1
Depreciation and amortization	$	115.4	$	103.8	$	124.7

Geographic data

Revenues are attributed to countries based on the location of the selling company.

Geographic data is as follows:



	For the Years Ended
	February 28, 2013		February 29, 2012		February 28, 2011
(in millions)
Net sales
U.S.	$	2,251.1	$	2,126.5	$	2,087.7
Non-U.S.	545.0		527.8		1,244.3
Total	$	2,796.1	$	2,654.3	$	3,332.0

Significant non-U.S. revenue sources include:
Canada	$	433.8	$	428.8	$	410.7
New Zealand	71.3		80.6		54.7
Italy	30.5		8.6		—
Australia	0.7		0.5		278.4
U.K.	—		—		478.0
Other	8.7		9.3		22.5
Total	$	545.0	$	527.8	$	1,244.3



	February 28, 2013		February 29, 2012
(in millions)
Long-lived assets
U.S.	$	894.5	$	896.0
Non-U.S.	334.5		359.8
Total	$	1,229.0	$	1,255.8

Significant non-U.S. long-lived assets include:
Canada	$	156.4	$	168.3
New Zealand	144.0		152.3
Italy	31.9		36.6
Other	2.2		2.6
Total	$	334.5	$	359.8

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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