Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.4.0.3
Acquisitions (Tables)
12 Months Ended
Feb. 29, 2016
Business Combinations [Abstract]  
Allocation of estimated fair value to assets acquired and liabilities assumed
The following table summarizes the preliminary allocation of the estimated fair value for the significant assets acquired:
(in millions)
 
Goodwill
$
761.8

Trademarks
222.8

Other
15.4

Total estimated fair value
1,000.0

Less – cash acquired
(1.5
)
Purchase price
$
998.5

The following table summarizes the allocation of the estimated fair value of the Beer Business Acquisition to the separately identifiable assets acquired and liabilities assumed as of June 7, 2013:
(in millions)
 
Cash
$
106.8

Accounts receivable
193.7

Inventories
243.1

Prepaid expenses and other
103.9

Property, plant and equipment
698.9

Goodwill
3,715.8

Intangible assets
2,403.2

Other assets
0.3

Total assets acquired
7,465.7

Accounts payable
123.2

Accrued excise taxes
14.4

Other accrued expenses and liabilities
72.9

Deferred income taxes
66.4

Other liabilities
10.6

Total liabilities assumed
287.5

Total estimated fair value
7,178.2

Less – fair value of our preexisting 50% equity interest in Crown Imports
(1,845.0
)
Less – cash acquired
(106.8
)
Aggregate purchase price
$
5,226.4

Unaudited pro forma financial information
The unaudited pro forma financial information is based upon currently available information and upon certain assumptions that we believe are reasonable under the circumstances. The unaudited pro forma financial information does not purport to present what our results of operations would actually have been if the aforementioned transaction had in fact occurred on such date or at the beginning of the period indicated, nor does it project our financial position or results of operations at any future date or for any future period.
 
For the Year
Ended
February 28,
2014
(in millions, except per share data)
 
Net sales
$
5,485.1

Income before income taxes
$
707.7

Net income attributable to CBI
$
398.6

 
 
Net income per common share attributable to CBI:
 
Basic – Class A Common Stock
$
2.14

Basic – Class B Convertible Common Stock
$
1.95

 
 
Diluted – Class A Common Stock
$
2.02

Diluted – Class B Convertible Common Stock
$
1.85

 
 
Weighted average common shares outstanding:
 
Basic – Class A Common Stock
164.687

Basic – Class B Convertible Common Stock
23.467

 
 
Diluted – Class A Common Stock
197.570

Diluted – Class B Convertible Common Stock
23.467