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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Constellation Brands Inc | NYSE:STZ.B | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 310.00 | 0 | 01:00:00 |
Delaware
|
001-08495
|
16-0716709
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
Not Applicable
|
(Former name or former address, if changed since last report.)
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of Each Class
|
Trading
Symbol(s)
|
Name of Each Exchange on Which Registered
|
Class A Common Stock
|
STZ
|
New York Stock Exchange
|
Class B Common Stock
|
STZ.B
|
New York Stock Exchange
|
Emerging growth company
|
|
o
|
|
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
|
o
|
Item 2.02
|
Results of Operations and Financial Condition.
|
|
Three Months Ended
May 31, 2019
|
||
(U.S. dollars in millions)
|
|
||
Equity in earnings (losses) - reported basis, Canopy EIE (GAAP)
(1)
|
$
|
(106.0
|
)
|
Benefit from income taxes
(2)
|
27.8
|
|
|
Net income (loss) attributable to CBI - reported basis, Canopy EIE (GAAP)
(1)
|
$
|
(78.2
|
)
|
|
|
||
Equity in earnings (losses) - reported basis, Canopy EIE (GAAP)
(1)
|
$
|
(106.0
|
)
|
Comparable adjustments:
(3)
|
|
||
Net loss on fair value financial instruments
|
38.7
|
|
|
Flow through of inventory step-up
|
5.6
|
|
|
Share-based compensation expense related to acquisition milestones
|
5.0
|
|
|
Acquisition costs
|
3.7
|
|
|
Other gains
|
(1.4
|
)
|
|
|
51.6
|
|
|
Equity in earnings (losses) - comparable basis Canopy EIE (Non-GAAP)
(1)
|
(54.4
|
)
|
|
Benefit from income taxes
(2)
|
15.6
|
|
|
Net income (loss) attributable to CBI - comparable basis, Canopy EIE (Non-GAAP)
(1)
|
$
|
(38.8
|
)
|
[1]
|
The amounts shown represent 35.8%, or Constellation’s share, of Canopy’s results of operations from January 1, 2019, through March 31, 2019, reported in U.S. dollars. Constellation’s share of Canopy’s results of operations is determined based on our ownership interest as of March 31, 2019.
|
[2)
|
The effective tax rate applied to Constellation’s equity in earnings (losses) of Canopy is generally based on the tax rates of the legal entities that hold our investment in Canopy.
|
[3)
|
The effective tax rate applied to each comparable adjustment amount is generally based upon the jurisdiction in which the comparable adjustment was recognized.
|
Date: June 21, 2019
|
CONSTELLATION BRANDS, INC.
|
|
|
|
|
|
By:
|
/s/ David Klein
|
|
|
David Klein
|
|
|
Executive Vice President and
Chief Financial Officer
|
1 Year Constellation Brands Chart |
1 Month Constellation Brands Chart |
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