Preferred Stock, shares authorized (in shares)



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| PART II | ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | Table of Contents |

CONSTELLATION BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(in millions, except share and per share data)

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|  | February 28,2022 |  | February 28,2021 |
| ASSETS |  |  |  |
| Current assets: |  |  |  |
| Cash and cash equivalents | $ | 199.4  |  |  | $ | 460.6  |  |
| Accounts receivable | 899.0  |  |  | 785.3  |  |
| Inventories | 1,573.2  |  |  | 1,291.1  |  |
| Prepaid expenses and other | 658.1  |  |  | 507.5  |  |
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| Total current assets | 3,329.7  |  |  | 3,044.5  |  |
| Property, plant, and equipment | 6,059.6  |  |  | 5,821.6  |  |
| Goodwill | 7,862.4  |  |  | 7,793.5  |  |
| Intangible assets | 2,755.2  |  |  | 2,732.1  |  |
| Equity method investments | 2,688.7  |  |  | 2,788.4  |  |
| Securities measured at fair value | 191.4  |  |  | 1,818.1  |  |
| Deferred income taxes | 2,351.5  |  |  | 2,492.5  |  |
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| Other assets | 617.3  |  |  | 614.1  |  |
| Total assets | $ | 25,855.8  |  |  | $ | 27,104.8  |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |
| Current liabilities: |  |  |  |
| Short-term borrowings | $ | 323.0  |  |  | $ | —  |  |
| Current maturities of long-term debt | 605.3  |  |  | 29.2  |  |
| Accounts payable | 899.2  |  |  | 460.0  |  |
| Other accrued expenses and liabilities | 871.3  |  |  | 779.9  |  |
| Total current liabilities | 2,698.8  |  |  | 1,269.1  |  |
| Long-term debt, less current maturities | 9,488.2  |  |  | 10,413.1  |  |
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| Deferred income taxes and other liabilities | 1,621.0  |  |  | 1,493.5  |  |
| Total liabilities | 13,808.0  |  |  | 13,175.7  |  |
| Commitments and contingencies (Note 16) |  |  |  |
| CBI stockholders’ equity: |  |  |  |
| Preferred Stock, $0.01 par value – Authorized, 1,000,000 shares; Issued, none | —  |  |  | —  |  |
| Class A Stock, $0.01 par value – Authorized, 322,000,000 shares; Issued, 187,263,859 shares and 187,204,280 shares, respectively | 1.9  |  |  | 1.9  |  |
| Class B Stock, $0.01 par value – Authorized, 30,000,000 shares; Issued, 28,212,340 shares and 28,270,288 shares, respectively | 0.3  |  |  | 0.3  |  |
| Class 1 Stock, $0.01 par value – Authorized, 25,000,000 shares; Issued, 2,248,679 shares and 612,936 shares, respectively | —  |  |  | —  |  |
| Additional paid-in capital | 1,808.9  |  |  | 1,604.2  |  |
| Retained earnings | 14,505.4  |  |  | 15,117.8  |  |
| Accumulated other comprehensive income (loss) | (412.7) |  |  | (335.5) |  |
|  | 15,903.8  |  |  | 16,388.7  |  |
| Less: Treasury stock – |  |  |  |
| Class A Stock, at cost, 22,824,607 shares and 17,070,550 shares, respectively | (4,169.7) |  |  | (2,787.6) |  |
| Class B Stock, at cost, 5,005,800 shares | (2.2) |  |  | (2.2) |  |
|  | (4,171.9) |  |  | (2,789.8) |  |
| Total CBI stockholders’ equity | 11,731.9  |  |  | 13,598.9  |  |
| Noncontrolling interests | 315.9  |  |  | 330.2  |  |
| Total stockholders’ equity | 12,047.8  |  |  | 13,929.1  |  |
| Total liabilities and stockholders’ equity | $ | 25,855.8  |  |  | $ | 27,104.8  |  |

The accompanying notes are an integral part of these statements.

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| Constellation Brands, Inc. FY 2022 Form 10-K | #WORTHREACHINGFOR    I    64 |


