Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.4
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 2020
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, 2020 November 30, 2019
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 $ 1,436.5  $ 178.6  $ (364.0) $ (46.2)
Conversion of Class B common shares into Class A common shares 178.6  —  —  — 
Effect of stock-based awards on allocated net income (loss) —  (1.2) —  — 
Net income (loss) attributable to CBI allocated – diluted $ 1,615.1  $ 177.4  $ (364.0) $ (46.2)
Weighted average common shares outstanding – basic 170.083  23.284  168.258  23.316 
Conversion of Class B common shares into Class A common shares (1)
23.284  —  —  — 
Stock-based awards, primarily stock options (1)
1.734  —  —  — 
Weighted average common shares outstanding – diluted 195.101  23.284  168.258  23.316 
Net income (loss) per common share attributable to CBI – basic $ 8.44  $ 7.67  $ (2.17) $ (1.98)
Net income (loss) per common share attributable to CBI – diluted $ 8.28  $ 7.62  $ (2.17) $ (1.98)
For the Three Months Ended
November 30, 2020 November 30, 2019
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 $ 1,139.5  $ 141.4  $ 320.1  $ 40.3 
Conversion of Class B common shares into Class A common shares 141.4  —  40.3  — 
Effect of stock-based awards on allocated net income (loss) —  (1.1) —  (0.4)
Net income (loss) attributable to CBI allocated – diluted $ 1,280.9  $ 140.3  $ 360.4  $ 39.9 
Weighted average common shares outstanding – basic 170.571  23.274  168.346  23.314 
Conversion of Class B common shares into Class A common shares 23.274  —  23.314  — 
Stock-based awards, primarily stock options 1.599  —  3.196  — 
Weighted average common shares outstanding – diluted 195.444  23.274  194.856  23.314 
Net income (loss) per common share attributable to CBI – basic $ 6.68  $ 6.07  $ 1.90  $ 1.73 
Net income (loss) per common share attributable to CBI – diluted $ 6.55  $ 6.03  $ 1.85  $ 1.71 
(1)
We have excluded the following weighted average common shares outstanding from the calculation of diluted net income (loss) per common share, as the effect of including these would have been anti-dilutive:
For the Nine Months Ended
November 30, 2019
(in millions)
Class B Convertible Common Stock 23.316 
Stock-based awards, primarily stock options 3.290