Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Information (Unaudited)

v3.21.1
Selected Quarterly Financial Information (Unaudited)
 12 Months Ended
Feb. 28, 2021
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
A summary of selected quarterly financial information is as follows:
For the Three Months Ended
February 28,
2021		 February 29,
2020
(in millions, except per share data)
Net sales $ 1,953.0  $ 1,902.9 
Gross profit $ 993.7  $ 949.8 
Net income (loss) attributable to CBI (1)
$ 382.9  $ 398.4 
Net income (loss) per common share attributable to CBI (1):
Basic – Class A Common Stock $ 2.00  $ 2.10 
Basic – Class B Convertible Common Stock $ 1.81  $ 1.91 
Diluted – Class A Common Stock $ 1.95  $ 2.04 
Diluted – Class B Convertible Common Stock $ 1.80  $ 1.89 

(1)
 Includes the following:
For the Three Months Ended
February 28,
2021		 February 29,
2020
(in millions, net of income tax effect)
Unrealized net gain (loss) on securities measured at fair value $ 206.3  $ 56.9 
Net gain (loss) on undesignated commodity derivative contracts $ 19.2  $ (19.2)
Gain (loss) on sale of business $ 15.6  $ 5.2 
Equity in earnings (losses) from Canopy $ (189.5) $ (15.6)
(Loss on) recovery of write-down of certain inventory as a result of smoke damage sustained during wildfires $ (34.4) $ — 
Net income tax (provision) benefit recognized for adjustments to valuation allowances $ (4.8) $ (25.0)
Impairment of asset held for sale $ —  $ (33.2)