Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Common Share Attributable to CBI

v3.22.1
Net Income (Loss) Per Common Share Attributable to CBI
 12 Months Ended
Feb. 28, 2022
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI
The computation of basic and diluted net income (loss) per common share is as follows:
For the Years Ended
February 28, 2022 February 28, 2021 February 29, 2020
Class A
Stock		 Class B
Stock		 Class A
Stock		 Class B
Stock		 Class A
Stock		 Class B
Stock
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic $ (35.8) $ (4.6) $ 1,777.2  $ 220.8  $ (10.2) $ (1.6)
Conversion of Class B common shares into Class A common shares —  —  220.8  —  —  — 
Effect of stock-based awards on allocated net income (loss) —  —  —  (1.5) —  — 
Net income (loss) attributable to CBI allocated – diluted $ (35.8) $ (4.6) $ 1,998.0  $ 219.3  $ (10.2) $ (1.6)
For the Years Ended
February 28, 2022 February 28, 2021 February 29, 2020
Class A
Stock		 Class B
Stock		 Class A
Stock		 Class B
Stock		 Class A
Stock		 Class B
Stock
(in millions, except per share data)
Weighted average common shares outstanding – basic 167.431  23.225  170.239  23.280  168.329  23.313 
Conversion of Class B common shares into Class A common shares (1)
—  —  23.280  —  —  — 
Stock-based awards, primarily stock options (1)
—  —  1.789  —  —  — 
Weighted average common shares outstanding – diluted 167.431  23.225  195.308  23.280  168.329  23.313 
Net income (loss) per common share attributable to CBI – basic $ (0.22) $ (0.20) $ 10.44  $ 9.48  $ (0.07) $ (0.07)
Net income (loss) per common share attributable to CBI – diluted $ (0.22) $ (0.20) $ 10.23  $ 9.42  $ (0.07) $ (0.07)
(1)
We have excluded the following weighted average common shares outstanding from the calculation of diluted net income (loss) per common share, as the effect of including these would have been anti-dilutive:
For the Years Ended
February 28, 2022 February 29, 2020
(in millions)
Class B Stock 23.225  23.313 
Stock-based awards, primarily stock options 1.566  3.239