Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Common Share Attributable to CBI

v3.23.1
Net Income (Loss) Per Common Share Attributable to CBI
 12 Months Ended
Feb. 28, 2023
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, 2023 February 28, 2022 February 28, 2021
Class A
Stock
Class B
Stock (1)
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 $ (24.0) $ (47.0) $ (35.8) $ (4.6) $ 1,777.2  $ 220.8 
Conversion of Class B common shares into Class A common shares —  —  —  —  220.8  — 
Effect of stock-based awards on allocated net income (loss) —  —  —  —  —  (1.5)
Net income (loss) attributable to CBI allocated – diluted $ (24.0) $ (47.0) $ (35.8) $ (4.6) $ 1,998.0  $ 219.3 
For the Years Ended
February 28, 2023 February 28, 2022 February 28, 2021
Class A
Stock
Class B
Stock (1)
Class A
Stock		 Class B
Stock		 Class A
Stock		 Class B
Stock
(in millions, except per share data)
Weighted average common shares outstanding – basic 169.337  23.206  167.431  23.225  170.239  23.208 
Conversion of Class B common shares into Class A common shares (2)
—  —  —  —  23.280  — 
Stock-based awards, primarily stock options (2)
—  —  —  —  1.789  — 
Weighted average common shares outstanding – diluted 169.337  23.206  167.431  23.225  195.308  23.208 
Net income (loss) per common share attributable to CBI – basic $ (0.11) $ (2.02) $ (0.22) $ (0.20) $ 10.44  $ 9.48 
Net income (loss) per common share attributable to CBI – diluted $ (0.11) $ (2.02) $ (0.22) $ (0.20) $ 10.23  $ 9.42 
(1)
Net income (loss) per common share attributable to CBI for Class B Stock was determined 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 Years Ended
February 28, 2023 February 28, 2022
Class B Stock 16.149  23.225
Stock-based awards, primarily stock options 0.713  1.566