Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share Attributable to CBI

v3.24.3
Net Income (Loss) Per Common Share Attributable to CBI
 6 Months Ended
Aug. 31, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI
Net income (loss) per common share – basic for Class A Stock has been computed based on the weighted average shares of common stock outstanding during the period. Net income (loss) per common share – diluted for Class A Stock reflects the weighted average shares of common stock plus the effect of dilutive securities outstanding during the period using the treasury stock method. The effect of dilutive securities includes the impact of outstanding stock-based awards. The dilutive computation does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on the net income (loss) per common share attributable to CBI. The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:
For the Six Months
Ended August 31,		 For the Three Months
Ended August 31,
2024 2023 2024 2023
(in millions, except per share data)
Net income (loss) attributable to CBI $ (322.0) $ 825.9  $ (1,199.0) $ 690.0 
Weighted average common shares outstanding – basic 182.356  183.384  181.947  183.498 
Stock-based awards, primarily stock options (1)
—  0.690  —  0.779 
Weighted average common shares outstanding – diluted 182.356  184.074  181.947  184.277 
Net income (loss) per common share attributable to CBI – basic $ (1.77) $ 4.50  $ (6.59) $ 3.76 
Net income (loss) per common share attributable to CBI – diluted $ (1.77) $ 4.49  $ (6.59) $ 3.74 
(1)
We have excluded the following weighted average common shares outstanding from the calculation of diluted net loss per common share, as the effect of including these would have been anti-dilutive, in millions:
For the Six Months Ended August 31, 2024
For the Three Months Ended August 31, 2024
Stock-based awards, primarily stock options 0.604  0.539