Annual report pursuant to Section 13 and 15(d)

Other Assets (Tables)

v2.4.0.8
Other Assets (Tables)
 12 Months Ended
Feb. 28, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Components of other assets
The major components of other assets are as follows:
 
February 28, 2014
 
February 28, 2013
(in millions)
 
 
 
Deferred financing costs
$
85.2

 
$
54.4

Investments in equity method investees
73.3

 
243.6

Investment in Accolade
11.5

 
42.8

Other
18.2

 
17.3

 
188.2

 
358.1

Less – Accumulated amortization
(25.5
)
 
(13.9
)
 
$
162.7

 
$
344.2

Summary of financial information for Company's equity method investments
The following table presents summarized financial information for the Company’s Crown Imports equity method investment and the other material equity method investments discussed above. The amounts shown represent 100% of these equity method investments’ financial position and results of operations for those investments accounted for under the equity method as of February 28, 2014. As the financial position and results of operations of Crown Imports and Ruffino have been included in the Company’s consolidated financial position and results of operations from the dates of acquisition, amounts included for Crown Imports and Ruffino each represent 100% of the respective equity method investment’s results of operations prior to each of their respective dates of acquisition.
 
February 28, 2014
 
February 28, 2013
 
Crown
Imports
 
Other
 
Total
 
Crown
Imports
 
Other
 
Total
(in millions)
 
 
 
 
 
 
 
 
 
 
 
Current assets
$
—

 
$
32.0

 
$
32.0

 
$
404.1

 
$
27.4

 
$
431.5

Noncurrent assets
$
—

 
$
50.5

 
$
50.5

 
$
36.4

 
$
50.8

 
$
87.2

Current liabilities
$
—

 
$
4.2

 
$
4.2

 
$
123.2

 
$
4.7

 
$
127.9

Noncurrent liabilities
$
—

 
$
19.5

 
$
19.5

 
$
6.0

 
$
22.6

 
$
28.6


 
Crown
Imports
 
Other
 
Total
(in millions)
 
 
 
 
 
For the Year Ended February 28, 2014
 
 
 
 
 
Net sales
$
813.4

 
$
62.8

 
$
876.2

Gross profit
$
241.5

 
$
49.9

 
$
291.4

Income from continuing operations
$
142.1

 
$
34.5

 
$
176.6

Net income
$
142.1

 
$
34.5

 
$
176.6

 
 
 
 
 
 
For the Year Ended February 28, 2013
 
 
 
 
 
Net sales
$
2,588.1

 
$
52.6

 
$
2,640.7

Gross profit
$
755.4

 
$
39.0

 
$
794.4

Income from continuing operations
$
446.2

 
$
24.8

 
$
471.0

Net income
$
446.2

 
$
24.8

 
$
471.0

 
 
 
 
 
 
For the Year Ended February 29, 2012
 
 
 
 
 
Net sales
$
2,469.5

 
$
106.2

 
$
2,575.7

Gross profit
$
721.0

 
$
61.5

 
$
782.5

Income from continuing operations
$
430.2

 
$
28.1

 
$
458.3

Net income
$
430.2

 
$
28.1

 
$
458.3