Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.4
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 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 Nine Months Ended
November 30, 2022 November 30, 2021
Class A Stock
Class B Stock (1)
Class A Stock Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic $ (247.3) $ (46.7) $ (386.9) $ (48.9)
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 $ (247.3) $ (46.7) $ (386.9) $ (48.9)
Weighted average common shares outstanding – basic 164.573  23.206  167.692  23.230 
Conversion of Class B common shares into Class A common shares (2)
—  —  —  — 
Stock-based awards, primarily stock options (2)
—  —  —  — 
Weighted average common shares outstanding – diluted 164.573  23.206  167.692  23.230 
Net income (loss) per common share attributable to CBI –
basic		 $ (1.48) $ (2.01) $ (2.31) $ (2.10)
Net income (loss) per common share attributable to CBI –
diluted		 $ (1.48) $ (2.01) $ (2.31) $ (2.10)
For the Three Months Ended
November 30, 2022 November 30, 2021
Class A Stock
Class B Stock (1)
Class A Stock Class B Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic $ 426.3  $ 41.4  $ 417.4  $ 53.4 
Conversion of Class B common shares into Class A common shares 41.4  —  53.4  — 
Effect of stock-based awards on allocated net income (loss) —  (0.1) —  (0.3)
Net income (loss) attributable to CBI allocated – diluted $ 467.7  $ 41.3  $ 470.8  $ 53.1 
Weighted average common shares outstanding – basic 166.677  23.206  164.999  23.222 
Conversion of Class B common shares into Class A common shares 17.850  —  23.222  — 
Stock-based awards, primarily stock options 0.764  —  1.718  — 
Weighted average common shares outstanding – diluted 185.291  23.206  189.939  23.222 
Net income (loss) per common share attributable to CBI – basic $ 2.58  $ 1.78  $ 2.53  $ 2.30 
Net income (loss) per common share attributable to CBI – diluted $ 2.52  $ 1.78  $ 2.48  $ 2.29 
(1)
Net income (loss) per common share attributable to CBI for Class B Stock was determined for the relevant periods through November 10, 2022, the date the Reclassification was completed.
(2)
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, in millions:
For the Nine Months Ended November 30,
2022 2021
Class B Stock 21.434  23.230 
Stock-based awards, primarily stock options 0.786  1.807