| Summary of selected quarterly financial information |
A summary of selected quarterly financial information is as follows:
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QUARTER ENDED |
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May 31,
2017 |
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August 31,
2017 |
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November 30,
2017 |
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February 28, 2018 |
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Full Year |
(in millions, except per share data) |
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Fiscal 2018 |
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Net sales |
$ |
1,935.5 |
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$ |
2,084.5 |
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$ |
1,799.1 |
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$ |
1,765.9 |
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$ |
7,585.0 |
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Gross profit |
$ |
995.3 |
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$ |
1,065.3 |
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$ |
907.5 |
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$ |
849.1 |
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$ |
3,817.2 |
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Net income attributable to CBI (1)
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$ |
402.8 |
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$ |
499.5 |
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$ |
491.1 |
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$ |
925.5 |
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$ |
2,318.9 |
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Net income per common share attributable to CBI (1) (2):
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Basic – Class A Common Stock |
$ |
2.09 |
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$ |
2.58 |
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$ |
2.54 |
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$ |
4.84 |
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$ |
12.04 |
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Basic – Class B Convertible Common Stock |
$ |
1.90 |
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$ |
2.35 |
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$ |
2.31 |
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$ |
4.40 |
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$ |
10.93 |
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Diluted – Class A Common Stock |
$ |
2.00 |
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$ |
2.48 |
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$ |
2.44 |
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$ |
4.64 |
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$ |
11.55 |
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Diluted – Class B Convertible Common Stock |
$ |
1.85 |
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$ |
2.29 |
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$ |
2.26 |
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$ |
4.28 |
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$ |
10.66 |
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QUARTER ENDED |
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May 31,
2016 |
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August 31,
2016 |
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November 30,
2016 |
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February 28, 2017 |
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Full Year |
(in millions, except per share data) |
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Fiscal 2017 |
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Net sales |
$ |
1,871.8 |
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$ |
2,021.2 |
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$ |
1,810.5 |
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$ |
1,628.0 |
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$ |
7,331.5 |
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Gross profit |
$ |
881.3 |
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$ |
969.0 |
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$ |
891.4 |
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$ |
787.7 |
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$ |
3,529.4 |
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Net income attributable to CBI (3)
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$ |
318.3 |
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$ |
358.9 |
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$ |
405.9 |
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$ |
452.0 |
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$ |
1,535.1 |
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Net income per common share attributable to CBI (2) (3):
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Basic – Class A Common Stock |
$ |
1.61 |
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$ |
1.81 |
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$ |
2.04 |
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$ |
2.34 |
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$ |
7.79 |
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Basic – Class B Convertible Common Stock |
$ |
1.46 |
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$ |
1.64 |
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$ |
1.85 |
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$ |
2.12 |
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$ |
7.07 |
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Diluted – Class A Common Stock |
$ |
1.55 |
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$ |
1.75 |
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$ |
1.98 |
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$ |
2.26 |
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$ |
7.52 |
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Diluted – Class B Convertible Common Stock |
$ |
1.43 |
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$ |
1.61 |
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$ |
1.82 |
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$ |
2.09 |
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$ |
6.93 |
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(1) |
Includes (i) an unrealized gain on equity securities and related activities, net of income tax effect, of $138.8 million and $255.4 million for the third and fourth quarters of fiscal 2018, respectively, from the changes in fair value of the Canopy Investment and the Canopy Warrants, net of losses from hedging activities to reduce the associated foreign currency risk, and (ii) a net income tax benefit of $363.0 million for the fourth quarter of fiscal 2018 associated with the December 2017 enactment of the TCJ Act.
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(2) |
The sum of the quarterly net income per common share for Fiscal 2018 and Fiscal 2017 may not equal the total computed for the respective years as the net income per common share is computed independently for each of the quarters presented and for the full year.
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(3) |
Includes gain on sale of business, net of income tax effect, of $196.1 million for the fourth quarter of fiscal 2017 in connection with the Canadian Divestiture.
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