Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Feb. 28, 2013
Sales $ 6,672.1us-gaap_SalesRevenueGoodsNet $ 5,411.0us-gaap_SalesRevenueGoodsNet $ 3,171.4us-gaap_SalesRevenueGoodsNet
Less – excise taxes (644.1)stz_ExciseTaxes (543.3)stz_ExciseTaxes (375.3)stz_ExciseTaxes
Net sales 6,028.0stz_SalesRevenueNetOfExciseTaxes 4,867.7stz_SalesRevenueNetOfExciseTaxes 2,796.1stz_SalesRevenueNetOfExciseTaxes
Cost of product sold (3,449.4)us-gaap_CostOfGoodsSold (2,876.0)us-gaap_CostOfGoodsSold (1,687.8)us-gaap_CostOfGoodsSold
Gross profit 2,578.6us-gaap_GrossProfit 1,991.7us-gaap_GrossProfit 1,108.3us-gaap_GrossProfit
Selling, general and administrative expenses (1,078.4)us-gaap_SellingGeneralAndAdministrativeExpense (895.1)us-gaap_SellingGeneralAndAdministrativeExpense (585.4)us-gaap_SellingGeneralAndAdministrativeExpense
Impairment of goodwill and intangible assets 0us-gaap_GoodwillAndIntangibleAssetImpairment (300.9)us-gaap_GoodwillAndIntangibleAssetImpairment 0us-gaap_GoodwillAndIntangibleAssetImpairment
Gain on remeasurement to fair value of equity method investment 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 1,642.0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Operating income 1,500.2us-gaap_OperatingIncomeLoss 2,437.7us-gaap_OperatingIncomeLoss 522.9us-gaap_OperatingIncomeLoss
Equity in earnings of equity method investees 21.5us-gaap_IncomeLossFromEquityMethodInvestments 87.8us-gaap_IncomeLossFromEquityMethodInvestments 233.1us-gaap_IncomeLossFromEquityMethodInvestments
Interest expense (337.7)us-gaap_InterestIncomeExpenseNonoperatingNet (323.2)us-gaap_InterestIncomeExpenseNonoperatingNet (227.1)us-gaap_InterestIncomeExpenseNonoperatingNet
Loss on write-off of financing costs (4.4)stz_LossOnWriteOffOfFinancingCosts 0stz_LossOnWriteOffOfFinancingCosts (12.5)stz_LossOnWriteOffOfFinancingCosts
Income before income taxes 1,179.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 2,202.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 516.4us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes (343.4)us-gaap_IncomeTaxExpenseBenefit (259.2)us-gaap_IncomeTaxExpenseBenefit (128.6)us-gaap_IncomeTaxExpenseBenefit
Net income 836.2us-gaap_ProfitLoss 1,943.1us-gaap_ProfitLoss 387.8us-gaap_ProfitLoss
Net loss attributable to noncontrolling interests 3.1us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to CBI $ 839.3us-gaap_NetIncomeLoss $ 1,943.1us-gaap_NetIncomeLoss $ 387.8us-gaap_NetIncomeLoss
Class A Common Stock [Member]      
Net income per common share attributable to CBI:      
Net income per common share attributable to CBI, basic (in dollars per share) $ 4.40us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 10.45us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 2.15us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Net income per common share attributable to CBI, diluted (in dollars per share) $ 4.17us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 9.83us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 2.04us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Weighted average common shares outstanding:      
Weighted average common shares outstanding, basic 169,325us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
164,687us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
158,658us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Weighted average common shares outstanding, diluted 201,224us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
197,570us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
190,307us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Convertible Common Stock [Member]      
Net income per common share attributable to CBI:      
Net income per common share attributable to CBI, basic (in dollars per share) $ 4.00us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 9.50us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 1.96us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Net income per common share attributable to CBI, diluted (in dollars per share) $ 3.83us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 9.04us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 1.87us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Weighted average common shares outstanding:      
Weighted average common shares outstanding, basic 23,397us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
23,467us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
23,532us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Weighted average common shares outstanding, diluted 23,397us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
23,467us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
23,532us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember