2022 Q1 Form 10-K Financial Statement

#000001691822000069 Filed on April 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $2.103B $8.821B $1.953B
YoY Change 7.65% 2.39% 2.63%
Cost Of Revenue $969.9M $4.113B $959.3M
YoY Change 1.1% -0.86% 0.65%
Gross Profit $1.133B $4.707B $993.7M
YoY Change 13.98% 5.4% 4.62%
Gross Profit Margin 53.87% 53.37% 50.88%
Selling, General & Admin $473.0M $1.711B $452.9M
YoY Change 4.44% 2.78% 21.42%
% of Gross Profit 41.76% 36.36% 45.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.80M $342.4M $79.90M
YoY Change 17.4% 14.48% 1.14%
% of Gross Profit 8.28% 7.27% 8.04%
Operating Expenses $456.6M $1.711B $442.8M
YoY Change 3.12% 2.78% 20.39%
Operating Profit $676.0M $2.332B $550.9M
YoY Change 22.71% -16.46% -5.34%
Interest Expense -$179.6M -$356.4M -$70.00M
YoY Change 156.57% -7.6% 24.56%
% of Operating Profit -26.57% -15.28% -12.71%
Other Income/Expense, Net
YoY Change
Pretax Income $497.9M $310.4M $485.3M
YoY Change 2.6% -87.79% -0.74%
Income Tax $92.30M $309.4M $94.70M
% Of Pretax Income 18.54% 99.68% 19.51%
Net Earnings $395.4M -$40.40M $382.9M
YoY Change 3.26% -102.02% -3.89%
Net Earnings / Revenue 18.81% -0.46% 19.61%
Basic Earnings Per Share
Diluted Earnings Per Share $2.083M -$211.9K $1.747M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.4M $199.4M $461.0M
YoY Change -56.75% -56.75% 469.14%
Cash & Equivalents $199.4M $199.4M $460.6M
Short-Term Investments
Other Short-Term Assets $91.20M $437.9M $79.60M
YoY Change 14.57% 114.66% -10.86%
Inventory $1.573B $1.573B $1.291B
Prepaid Expenses
Receivables $899.0M $899.0M $785.0M
Other Receivables $0.00 $220.2M $0.00
Total Short-Term Assets $3.330B $3.330B $3.045B
YoY Change 9.37% 9.35% -12.62%
LONG-TERM ASSETS
Property, Plant & Equipment $6.060B $6.539B $5.822B
YoY Change 4.09% 3.79% 9.16%
Goodwill $7.862B $7.794B
YoY Change 0.88% 0.47%
Intangibles $2.755B $2.732B
YoY Change 0.85% 0.49%
Long-Term Investments $2.689B $2.880B $2.788B
YoY Change -3.58% -37.48% -9.87%
Other Assets $617.3M $2.490B $614.1M
YoY Change 0.52% -5.29% 0.56%
Total Long-Term Assets $22.53B $22.53B $24.06B
YoY Change -6.38% -6.38% 0.93%
TOTAL ASSETS
Total Short-Term Assets $3.330B $3.330B $3.045B
Total Long-Term Assets $22.53B $22.53B $24.06B
Total Assets $25.86B $25.86B $27.10B
YoY Change -4.61% -4.61% -0.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $899.2M $899.2M $460.0M
YoY Change 95.48% 95.48% -17.5%
Accrued Expenses $871.3M $660.2M $779.9M
YoY Change 11.72% 14.02% -0.06%
Deferred Revenue $32.00M $16.30M
YoY Change 96.32%
Short-Term Debt $323.0M $323.0M $0.00
YoY Change -100.0%
Long-Term Debt Due $605.3M $605.3M $29.20M
YoY Change 1972.95% 1987.24% -96.03%
Total Short-Term Liabilities $2.699B $2.699B $1.269B
YoY Change 112.65% 112.67% -45.1%
LONG-TERM LIABILITIES
Long-Term Debt $9.488B $9.488B $10.41B
YoY Change -8.88% -8.88% -7.12%
Other Long-Term Liabilities $150.1M $1.621B $96.20M
YoY Change 56.03% 8.5% 11.47%
Total Long-Term Liabilities $9.638B $11.11B $10.51B
YoY Change -8.29% -6.7% -6.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.699B $2.699B $1.269B
Total Long-Term Liabilities $9.638B $11.11B $10.51B
Total Liabilities $13.81B $14.12B $13.18B
YoY Change 4.8% 4.58% -11.27%
SHAREHOLDERS EQUITY
Retained Earnings $14.51B $15.12B
YoY Change -4.05% 10.39%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.172B $2.790B
YoY Change 49.54% -0.86%
Treasury Stock Shares
Shareholders Equity $11.73B $11.73B $13.60B
YoY Change
Total Liabilities & Shareholders Equity $25.86B $25.86B $27.10B
YoY Change -4.61% -4.61% -0.8%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $395.4M -$40.40M $382.9M
YoY Change 3.26% -102.02% -3.89%
Depreciation, Depletion And Amortization $93.80M $342.4M $79.90M
YoY Change 17.4% 14.48% 1.14%
Cash From Operating Activities $261.3M $2.705B $442.9M
YoY Change -41.0% -3.6% -6.72%
INVESTING ACTIVITIES
Capital Expenditures -$428.1M $1.027B -$396.9M
YoY Change 7.86% 18.76% 110.89%
Acquisitions $53.50M
YoY Change 168.84%
Other Investing Activities $66.50M $2.000M $952.2M
YoY Change -93.02% -433.33% -13900.0%
Cash From Investing Activities -$361.6M -$1.036B $555.3M
YoY Change -165.12% 1078.38% -384.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.391B
YoY Change
Debt Paid & Issued, Net $1.365B
YoY Change -49.83%
Cash From Financing Activities -61.60M -$1.930B -691.9M
YoY Change -91.1% -17.77% 137.6%
NET CHANGE
Cash From Operating Activities 261.3M $2.705B 442.9M
Cash From Investing Activities -361.6M -$1.036B 555.3M
Cash From Financing Activities -61.60M -$1.930B -691.9M
Net Change In Cash -161.9M -$261.2M 306.3M
YoY Change -152.86% -168.88% -2763.48%
FREE CASH FLOW
Cash From Operating Activities $261.3M $2.705B $442.9M
Capital Expenditures -$428.1M $1.027B -$396.9M
Free Cash Flow $689.4M $1.679B $839.8M
YoY Change -17.91% -13.56% 26.67%

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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199400000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
460600000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81400000 USD
CY2022 us-gaap Interest Paid Net
InterestPaidNet
368500000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
418500000 USD
CY2020 us-gaap Interest Paid Net
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448900000 USD
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
324700000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
189700000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85300000 USD
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
304000000.0 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
101100000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
70400000 USD
CY2022 us-gaap Use Of Estimates
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<div style="text-indent:36pt"><span style="color:#001475;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Management’s use of estimates</span></div><div style="text-indent:36pt"><span style="color:#5e5e5e;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2022 us-gaap Advertising Expense
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826400000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
805000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
769500000 USD
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="text-indent:36pt"><span style="color:#001475;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Indemnification liabilities</span></div><div style="text-indent:36pt"><span style="color:#5e5e5e;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">We have indemnified respective parties against certain liabilities that may arise in connection with certain acquisitions and divestitures. Indemnification liabilities are recognized when probable and estimable and included in deferred income taxes and other liabilities (see Note 16).</span></div>
CY2022Q1 stz Number Of Share Based Compensation Arrangement Plans
NumberOfShareBasedCompensationArrangementPlans
2 stock_based_compensation_plan
CY2022Q1 stz Number Of Classes Of Common Stock With Material Number Of Shares Outstanding
NumberOfClassesOfCommonStockWithMaterialNumberOfSharesOutstanding
2 class_of_stock
CY2022Q1 us-gaap Prepaid Taxes
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254100000 USD
CY2021Q1 us-gaap Prepaid Taxes
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76000000.0 USD
CY2022Q1 us-gaap Value Added Tax Receivable Current
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193000000.0 USD
CY2021Q1 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
257800000 USD
CY2022Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
92600000 USD
CY2021Q1 us-gaap Derivative Assets Current
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48700000 USD
CY2022Q1 us-gaap Income Taxes Receivable
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27200000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
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185300000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
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151100000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
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804800000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
735900000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
583100000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
404100000 USD
CY2022Q1 us-gaap Inventory Net
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1573200000 USD
CY2021Q1 us-gaap Inventory Net
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1291100000 USD
CY2022 us-gaap Inventory Write Down
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87700000 USD
CY2021 us-gaap Inventory Write Down
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100700000 USD
CY2020 us-gaap Inventory Write Down
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124400000 USD
CY2021Q1 us-gaap Income Taxes Receivable
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45400000 USD
CY2022Q1 us-gaap Other Assets Current
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91200000 USD
CY2021Q1 us-gaap Other Assets Current
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79600000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
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658100000 USD
CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
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507500000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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8011900000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
7555800000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1952300000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1734200000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
6059600000 USD
CY2021Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
5821600000 USD
CY2022 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
18200000 USD
CY2022Q1 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
2600000 USD
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
93200000 USD
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
7700000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2022Q1 stz Common Shares To Be Repurchased For Cancellation Under Share Repurchase Credit Feature
CommonSharesToBeRepurchasedForCancellationUnderShareRepurchaseCreditFeature
27378866 shares
CY2022 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
-1644700000 USD
CY2021 us-gaap Debt And Equity Securities Unrealized Gain Loss Excluding Other Than Temporary Impairment
DebtAndEquitySecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairment
802000000.0 USD
CY2020Q1 us-gaap Goodwill
Goodwill
7757100000 USD
CY2021 us-gaap Goodwill Acquired During Period
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14300000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-22800000 USD
CY2021 us-gaap Goodwill Transfers
GoodwillTransfers
44900000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
7793500000 USD
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
79600000 USD
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10700000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
7862400000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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108000000.0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21700000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
108300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26500000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2755200000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2732100000 USD
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5100000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3200000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1400000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1400000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1400000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1400000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
12900000 USD
CY2022Q1 us-gaap Equity Method Investments
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2688700000 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
2788400000 USD
CY2022Q1 stz Equity Method Investment Number Of Common Stock Shares Acquired
EquityMethodInvestmentNumberOfCommonStockSharesAcquired
142300000 shares
CY2022Q1 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
3044300000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
256300000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
232100000 USD
CY2022Q1 us-gaap Accrued Marketing Costs Current
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172300000 USD
CY2021Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
159900000 USD
CY2022Q1 us-gaap Interest Payable Current
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85100000 USD
CY2021Q1 us-gaap Interest Payable Current
InterestPayableCurrent
93400000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
80400000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
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68800000 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
44600000 USD
CY2021Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
19900000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
32000000.0 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
16300000 USD
CY2022Q1 us-gaap Accrued Income Taxes Current
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21500000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
24700000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
179100000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
164800000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
871300000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
779900000 USD
CY2022Q1 us-gaap Short Term Borrowings
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323000000.0 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
18700000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
606800000 USD
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2022Q1 us-gaap Other Long Term Debt Current
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6300000 USD
CY2022Q1 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
13600000 USD
CY2022Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
19900000 USD
CY2021Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
15500000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
605300000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9488200000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
10093500000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
10442300000 USD
CY2022Q1 stz Additional Credit Arrangements
AdditionalCreditArrangements
64500000 USD
CY2021Q1 stz Additional Credit Arrangements
AdditionalCreditArrangements
61200000 USD
CY2022Q1 stz Additional Credit Arrangements Outstanding
AdditionalCreditArrangementsOutstanding
19900000 USD
CY2021Q1 stz Additional Credit Arrangements Outstanding
AdditionalCreditArrangementsOutstanding
15500000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
57700000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1056200000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
703900000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
902000000.0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
600900000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
6300100000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
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10169900000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1334400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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495200000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2230100000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1644800000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2047700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1284900000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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310400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2542900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
229300000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
74000000.0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
66500000 USD
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
31400000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19100000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
12100000 USD
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-36100000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
81600000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
108500000 USD
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
224600000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
174700000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
187100000 USD
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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152800000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5500000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
28300000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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100400000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
155300000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
84800000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
336400000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1153700000 USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
309400000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
511100000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-966600000 USD
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
65200000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
534000000.0 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-198500000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-77800000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.250
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
39000000.0 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.015
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-82300000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.087
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
11900000 USD
CY2022 stz Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability Percent
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiabilityPercent
0.038
CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
10900000 USD
CY2021 stz Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability Percent
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiabilityPercent
0.004
CY2020 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-547400000 USD
CY2020 stz Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability Percent
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiabilityPercent
0.579
CY2022 stz Effective Income Tax Reconciliation Earnings Taxed At Other Than Domestic Statutory Rate
EffectiveIncomeTaxReconciliationEarningsTaxedAtOtherThanDomesticStatutoryRate
-33200000 USD
CY2022 stz Effective Income Tax Rate Reconciliation Earnings Taxed At Other Than Domestic Statutory Rate
EffectiveIncomeTaxRateReconciliationEarningsTaxedAtOtherThanDomesticStatutoryRate
-0.107
CY2021 stz Effective Income Tax Reconciliation Earnings Taxed At Other Than Domestic Statutory Rate
EffectiveIncomeTaxReconciliationEarningsTaxedAtOtherThanDomesticStatutoryRate
-84400000 USD
CY2021 stz Effective Income Tax Rate Reconciliation Earnings Taxed At Other Than Domestic Statutory Rate
EffectiveIncomeTaxRateReconciliationEarningsTaxedAtOtherThanDomesticStatutoryRate
-0.032
CY2020 stz Effective Income Tax Reconciliation Earnings Taxed At Other Than Domestic Statutory Rate
EffectiveIncomeTaxReconciliationEarningsTaxedAtOtherThanDomesticStatutoryRate
-46500000 USD
CY2020 stz Effective Income Tax Rate Reconciliation Earnings Taxed At Other Than Domestic Statutory Rate
EffectiveIncomeTaxRateReconciliationEarningsTaxedAtOtherThanDomesticStatutoryRate
0.050
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-48000000.0 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.155
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-29400000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.012
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-56200000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.059
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
385500000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1.242
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
27100000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-32800000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.035
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
5800000 USD
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q1 us-gaap Deferred Tax Assets Net
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206300000 USD
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EquityInEarningsLossesFromCanopyNetOfTax
-31900000 USD
CY2021Q1 stz Equity In Earnings Losses From Canopy Net Of Tax
EquityInEarningsLossesFromCanopyNetOfTax
-189500000 USD

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