Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 6 Months Ended
Aug. 31, 2022
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 are as follows:
For the Six Months Ended
August 31, 2022 August 31, 2021
Class A Stock Class B Stock Class A Stock Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic $ (674.2) $ (87.5) $ (805.8) $ (100.8)
Conversion of Class B common shares into Class A common shares —  —  —  — 
Effect of stock-based awards on allocated net income (loss) —  —  —  — 
Net income (loss) attributable to CBI allocated – diluted $ (674.2) $ (87.5) $ (805.8) $ (100.8)
Weighted average common shares outstanding – basic 163.532  23.206  169.025  23.234 
Conversion of Class B common shares into Class A common shares (1)
—  —  —  — 
Stock-based awards, primarily stock options (1)
—  —  —  — 
Weighted average common shares outstanding – diluted 163.532  23.206  169.025  23.234 
Net income (loss) per common share attributable to CBI –
basic		 $ (4.13) $ (3.77) $ (4.77) $ (4.34)
Net income (loss) per common share attributable to CBI –
diluted		 $ (4.13) $ (3.77) $ (4.77) $ (4.34)
For the Three Months Ended
August 31, 2022 August 31, 2021
Class A Stock Class B Stock Class A Stock Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic $ (1,018.2) $ (133.0) $ 1.3  $ 0.2 
Conversion of Class B common shares into Class A common shares —  —  0.2  — 
Effect of stock-based awards on allocated net income (loss) —  —  —  — 
Net income (loss) attributable to CBI allocated – diluted $ (1,018.2) $ (133.0) $ 1.5  $ 0.2 
Weighted average common shares outstanding – basic 161.730  23.206  167.447  23.222 
Conversion of Class B common shares into Class A common shares (1)
—  —  23.222  — 
Stock-based awards, primarily stock options (1)
—  —  1.861  — 
Weighted average common shares outstanding – diluted 161.730  23.206  192.530  23.222 
Net income (loss) per common share attributable to CBI – basic $ (6.30) $ (5.73) $ 0.01  $ 0.01 
Net income (loss) per common share attributable to CBI – diluted $ (6.30) $ (5.73) $ 0.01  $ 0.01 
(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 Six Months
Ended August 31,		 For the Three Months
Ended August 31,
2022 2021 2022 2021
(in millions)
Class B Stock 23.206  23.234  23.206  — 
Stock-based awards, primarily stock options 0.802  1.936  0.801  —