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

Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information (Details 1)

Condensed Consolidating Financial Information (Details 1) (USD $) In Millions, unless otherwise specified	3 Months Ended										12 Months Ended
	Feb. 28, 2013	Nov. 30, 2012	Aug. 31, 2012	May 31, 2012	Feb. 29, 2012	Nov. 30, 2011	Aug. 31, 2011	May 31, 2011	Feb. 28, 2011	Nov. 30, 2010	Feb. 28, 2013	Feb. 29, 2012	Feb. 28, 2011
Condensed Consolidating Statement of Comprehensive Income
Sales											$ 3,171.4	$ 2,979.1	$ 4,096.7
Less – excise taxes											(375.3)	(324.8)	(764.7)
Net sales	695.9	766.9	698.5	634.8	628.1	700.7	690.2	635.3			2,796.1	2,654.3	3,332.0
Cost of product sold											(1,687.8)	(1,592.2)	(2,141.9)
Gross profit	261.8	310.8	285.1	250.6	245.2	282.9	283.0	251.0			1,108.3	1,062.1	1,190.1
Selling, general and administrative expenses											(584.7)	(521.5)	(640.9)
Restructuring charges											(0.7)	(16.0)	(23.1)
Impairment of intangible assets					(38.1)				(16.7)	(6.9)	0	(38.1)	(23.6)
Operating income											522.9	486.5	502.5
Equity in earnings of equity method investees and subsidiaries											233.1	228.5	243.8
Interest income											6.8	6.6	3.5
Intercompany interest income											0	0	0
Interest expense											(233.9)	(187.6)	(198.8)
Intercompany interest expense											0	0	0
LOSS ON WRITE-OFF OF FINANCING COSTS											(12.5)	0	0
Income before income taxes											516.4	534.0	551.0
Benefit from (provision for) income taxes											(128.6)	(89.0)	8.5
NET INCOME	81.7	109.5	124.6	72.0	103.0	104.8	162.7	74.5			387.8	445.0	559.5
Comprehensive income											346.2	429.9	161.1
Parent Company [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales											2,065.4	1,319.1	726.0
Less – excise taxes											(213.0)	(169.2)	(136.9)
Net sales											1,852.4	1,149.9	589.1
Cost of product sold											(1,537.2)	(864.3)	(312.7)
Gross profit											315.2	285.6	276.4
Selling, general and administrative expenses											(345.3)	(233.0)	(306.9)
Restructuring charges											1.2	(4.3)	(1.3)
Impairment of intangible assets											0	0	0
Operating income											(28.9)	48.3	(31.8)
Equity in earnings of equity method investees and subsidiaries											622.2	590.5	735.9
Interest income											0.6	0.2	0.8
Intercompany interest income											79.0	78.2	76.9
Interest expense											(230.1)	(180.6)	(193.7)
Intercompany interest expense											(193.2)	(154.3)	(97.3)
LOSS ON WRITE-OFF OF FINANCING COSTS											(12.5)	0	0
Income before income taxes											237.1	382.3	490.8
Benefit from (provision for) income taxes											150.7	62.7	68.7
NET INCOME											387.8	445.0	559.5
Comprehensive income											346.2	429.9	161.1
Subsidiary Guarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales											1,758.6	1,721.4	1,916.1
Less – excise taxes											(95.9)	(93.5)	(96.6)
Net sales											1,662.7	1,627.9	1,819.5
Cost of product sold											(1,156.6)	(1,063.2)	(1,173.1)
Gross profit											506.1	564.7	646.4
Selling, general and administrative expenses											(100.9)	(180.1)	(262.0)
Restructuring charges											(0.5)	(7.7)	(7.1)
Impairment of intangible assets											0	0	(6.9)
Operating income											404.7	376.9	370.4
Equity in earnings of equity method investees and subsidiaries											232.9	240.3	246.3
Interest income											0	0	0
Intercompany interest income											193.2	125.5	97.7
Interest expense											(1.4)	(4.6)	(1.6)
Intercompany interest expense											(80.2)	(50.5)	(81.5)
LOSS ON WRITE-OFF OF FINANCING COSTS											0	0	0
Income before income taxes											749.2	687.6	631.3
Benefit from (provision for) income taxes											(274.7)	(158.5)	(251.1)
NET INCOME											474.5	529.1	380.2
Comprehensive income											439.5	502.4	388.0
Subsidiary Nonguarantors [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales											827.8	712.0	1,904.7
Less – excise taxes											(66.4)	(62.1)	(531.2)
Net sales											761.4	649.9	1,373.5
Cost of product sold											(460.8)	(389.6)	(1,006.6)
Gross profit											300.6	260.3	366.9
Selling, general and administrative expenses											(152.9)	(157.0)	(175.3)
Restructuring charges											(1.4)	(4.0)	(14.7)
Impairment of intangible assets											0	(38.1)	(16.7)
Operating income											146.3	61.2	160.2
Equity in earnings of equity method investees and subsidiaries											0.5	4.3	8.3
Interest income											6.2	6.4	2.7
Intercompany interest income											1.5	1.4	4.5
Interest expense											(2.4)	(2.4)	(3.5)
Intercompany interest expense											(0.3)	(0.3)	(0.3)
LOSS ON WRITE-OFF OF FINANCING COSTS											0	0	0
Income before income taxes											151.8	70.6	171.9
Benefit from (provision for) income taxes											(4.5)	6.5	194.1
NET INCOME											147.3	77.1	366.0
Comprehensive income											103.5	85.5	(51.4)
Eliminations [Member]
Condensed Consolidating Statement of Comprehensive Income
Sales											(1,480.4)	(773.4)	(450.1)
Less – excise taxes											0	0	0
Net sales											(1,480.4)	(773.4)	(450.1)
Cost of product sold											1,466.8	724.9	350.5
Gross profit											(13.6)	(48.5)	(99.6)
Selling, general and administrative expenses											14.4	48.6	103.3
Restructuring charges											0	0	0
Impairment of intangible assets											0	0	0
Operating income											0.8	0.1	3.7
Equity in earnings of equity method investees and subsidiaries											(622.5)	(606.6)	(746.7)
Interest income											0	0	0
Intercompany interest income											(273.7)	(205.1)	(179.1)
Interest expense											0	0	0
Intercompany interest expense											273.7	205.1	179.1
LOSS ON WRITE-OFF OF FINANCING COSTS											0	0	0
Income before income taxes											(621.7)	(606.5)	(743.0)
Benefit from (provision for) income taxes											(0.1)	0.3	(3.2)
NET INCOME											(621.8)	(606.2)	(746.2)
Comprehensive income											$ (543.0)	$ (587.9)	$ (336.6)