Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Information (Unaudited) (Tables)

v3.21.1
Selected Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Feb. 28, 2021
Quarterly Financial Information Disclosure [Abstract]  
Summary of selected quarterly financial information
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)