Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
 6 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
Beer Business Acquisition [Member]
Aug. 31, 2012
Mark West [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 1,574.9 $ 196.6    
Adjustments to reconcile net income to net cash provided by operating activities:        
Gain on remeasurement to fair value of equity method investment (1,642.0) 0    
Equity in earnings of equity method investees, net of distributed earnings (39.1) (0.6)    
Impairment of goodwill and intangible assets 300.9 0    
Depreciation of property, plant and equipment 64.1 52.4    
Stock-based compensation expense 25.6 21.4    
Deferred tax provision 9.6 31.9    
Amortization of intangible assets 7.1 3.6    
Amortization of deferred financing costs 5.0 1.2    
Loss (gain) on disposal of long-lived assets, net 0.1 (0.5)    
Loss on write-off of financing costs 0 2.8    
Change in operating assets and liabilities, net of effects from purchase of business        
Accounts receivable, net 8.4 (51.1)    
Inventories 67.4 37.2    
Prepaid expenses and other current assets 17.6 (1.0)    
Accounts payable 10.4 52.5    
Accrued excise taxes (5.6) 2.9    
Other accrued expenses and liabilities 59.8 3.7    
Other, net 24.8 15.5    
Total adjustments (1,085.9) 171.9    
Net cash provided by operating activities 489.0 368.5    
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of business, net of cash acquired (4,672.9) (159.7) (4,672.9) (159.7)
Purchases of property, plant and equipment (49.2) (35.6)    
Proceeds from sales of assets 1.6 7.9    
Proceeds from notes receivable 0 4.6    
Other investing activities 1.1 (1.2)    
Net cash used in investing activities (4,719.4) (184.0)    
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of long-term debt 3,725.0 2,050.0    
Net proceeds from (repayment of) notes payable 272.1 (358.3)    
Proceeds from exercises of employee stock options 77.5 110.5    
Excess tax benefits from stock-based payment awards 53.8 11.4    
Proceeds from employee stock purchases 2.5 2.1    
Payment of financing costs of long-term debt (82.2) (34.1)    
Payment of minimum tax withholdings on stock-based payment awards (18.0) (0.5)    
Principal payments of long-term debt (9.9) (838.0)    
Payment of restricted cash upon issuance of long-term debt 0 (650.0)    
Purchases of treasury stock 0 (383.0)    
Net cash provided by (used in) financing activities 4,020.8 (89.9)    
Effect of exchange rate changes on cash and cash investments (5.1) (1.9)    
NET (DECREASE) INCREASE IN CASH AND CASH INVESTMENTS (214.7) 92.7    
CASH AND CASH INVESTMENTS, beginning of period 331.5 85.8    
CASH AND CASH INVESTMENTS, end of period 116.8 178.5    
Purchase of business        
Fair value of assets acquired, including cash acquired     7,465.7 159.7
Liabilities assumed     (287.5) 0
Net assets acquired     7,178.2 159.7
Less - fair value of preexisting 50% equity interest     (1,845.0) 0
Less - purchase price and working capital adjustments not yet paid     (553.5) 0
Less - cash acquired     (106.8) 0
Net cash paid for purchase of business 4,672.9 159.7 4,672.9 159.7
Property, plant and equipment acquired under financing arrangements $ 6.7 $ 8.3