Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2013
Beer Business Acquisition [Member]
Nov. 30, 2012
Mark West [Member]
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 1,785.9 $ 306.1    
Adjustments to reconcile net income to net cash provided by operating activities        
Gain on remeasurement to fair value of equity method investment (1,642.0) 0    
Equity in earnings of equity method investees, net of distributed earnings (52.1) 23.5    
Impairment of goodwill and intangible assets 300.9 0    
Depreciation of property, plant and equipment 102.1 80.0    
Stock-based compensation expense 37.5 31.3    
Amortization of intangible assets 11.2 5.5    
Deferred tax provision 10.1 40.5    
Amortization of deferred financing costs 8.3 3.0    
Loss (gain) on disposal of assets, net 0.4 (0.1)    
Loss on write-off of financing costs 0 2.8    
Change in operating assets and liabilities, net of effects from purchase of business        
Accounts receivable, net (4.7) (104.2)    
Inventories (112.2) (196.7)    
Prepaid expenses and other current assets 11.8 (0.3)    
Accounts payable 128.8 170.7    
Accrued excise taxes (6.8) (6.7)    
Other accrued expenses and liabilities 30.9 26.4    
Other, net 19.0 7.2    
Total adjustments (1,156.8) 82.9    
Net cash provided by operating activities 629.1 389.0    
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of business, net of cash acquired (4,681.0) (159.3) (4,681.0) (159.3)
Purchases of property, plant and equipment (85.9) (52.2)    
Proceeds from sales of assets 7.8 8.0    
Proceeds from notes receivable 0 4.6    
Other investing activities 1.6 (1.3)    
Net cash used in investing activities (4,757.5) (200.2)    
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of long-term debt 3,725.0 2,050.0    
Net proceeds from (repayments of) notes payable 170.6 (356.0)    
Proceeds from exercises of employee stock options 93.1 135.0    
Excess tax benefits from stock-based payment awards 64.7 17.2    
Proceeds from employee stock purchases 2.5 2.1    
Principal payments of long-term debt (90.6) (851.6)    
Payments of financing costs of long-term debt (82.2) (35.2)    
Payments of minimum tax withholdings on stock-based payment awards (18.0) (0.5)    
Payment of restricted cash upon issuance of long-term debt 0 (650.0)    
Purchases of treasury stock 0 (383.0)    
Net cash provided by (used in) financing activities 3,865.1 (72.0)    
Effect of exchange rate changes on cash and cash investments (3.0) (2.1)    
NET (DECREASE) INCREASE IN CASH AND CASH INVESTMENTS (266.3) 114.7    
CASH AND CASH INVESTMENTS, beginning of period 331.5 85.8    
CASH AND CASH INVESTMENTS, end of period 65.2 200.5    
Purchase of business        
Fair value of assets acquired, including cash acquired     7,465.7 159.3
Liabilities assumed     (287.5) 0
Net assets acquired     7,178.2 159.3
Less - fair value of preexisting 50% equity interest     (1,845.0) 0
Less - purchase price and working capital adjustments not yet paid     (545.4) 0
Less - cash acquired     (106.8) 0
Net cash paid for purchase of business 4,681.0 159.3 4,681.0 159.3
Property, plant and equipment acquired under financing arrangements $ 23.3 $ 24.0