Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Common Share Attributable to CBI

v3.21.1
Net Income (Loss) Per Common Share Attributable to CBI
 12 Months Ended
Feb. 28, 2021
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI 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 Years Ended
February 28, 2021 February 29, 2020 February 28, 2019
Common Stock Common Stock Common Stock
Class A Class B Class A Class B Class A Class B
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic $ 1,777.2  $ 220.8  $ (10.2) $ (1.6) $ 3,049.5  $ 386.4 
Conversion of Class B common shares into Class A common shares 220.8  —  —  —  386.4  — 
Effect of stock-based awards on allocated net income (loss) —  (1.5) —  —  —  (8.3)
Net income (loss) attributable to CBI allocated – diluted $ 1,998.0  $ 219.3  $ (10.2) $ (1.6) $ 3,435.9  $ 378.1 
Weighted average common shares outstanding – basic 170.239  23.280  168.329  23.313  167.249  23.321 
Conversion of Class B common shares into Class A common shares (1)
23.280  —  —  —  23.321  — 
Stock-based awards, primarily stock options (1)
1.789  —  —  —  4.962  — 
Weighted average common shares outstanding – diluted 195.308  23.280  168.329  23.313  195.532  23.321 
Net income (loss) per common share attributable to CBI – basic $ 10.44  $ 9.48  $ (0.07) $ (0.07) $ 18.24  $ 16.57 
Net income (loss) per common share attributable to CBI – diluted $ 10.23  $ 9.42  $ (0.07) $ (0.07) $ 17.57  $ 16.21 
(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 Year Ended
February 29, 2020
(in millions)
Class B Convertible Common Stock 23.313 
Stock-based awards, primarily stock options 3.239