CONSTELLATION BRANDS, INC. STZ Cash Flow

Constellation brands, inc. (STZ)

CashFlow / Yearly

Feb'20	Feb'19	Feb'18	Feb'17	Feb'16	Feb'15	Feb'14	Feb'13	Feb'12	Feb'11	Feb'10	Feb'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
21,400	3,459,100	2,315,300	1,532,700	1,060,600	836,200	1,943,100	387,800	445,000	559,500	99,300	-301,400
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized net (gain) loss on securities measured at fair value
-2,126,400	1,971,200	464,300	0	0	-	-	-	-	-	-	-
Net income tax benefit related to the Tax Cuts and Jobs Act
-	-	-351,200	0	0	-	-	-	-	-	-	-
Unrealized gain on securities measured at fair value
-2,126,400	1,971,200	464,300	0	-	-	-	-	-	-	-	-
Deferred tax provision (benefit)
-1,153,700	426,900	113,800	124,800	251,000	79,300	41,600	39,200	48,000	70,900	-30,600	2,300
Depreciation
326,500	333,100	293,800	237,500	180,300	162,000	139,800	108,200	98,400	119,200	143,800	143,600
Stock-based compensation
60,400	64,100	60,900	56,100	54,000	55,000	49,900	40,800	47,600	46,000	56,300	46,100
Equity in (earnings) losses of equity method investees and related activities, net of distributed earnings
-560,800	-13,500	3,600	-	-	-	-	-7,600	-2,600	23,800	13,100	-90,300
Noncash lease expense
88,300	0	0	-	-	-	0	12,500	-	-	-	-
Impairment and amortization of intangible assets
16,700	114,000	92,700	56,400	40,700	40,000	15,500	7,200	5,400	5,500	12,100	13,400
Amortization of debt issuance costs and loss on extinguishment of debt
-16,100	-29,400	-108,700	-12,700	-13,100	12,200	11,600	4,800	6,500	9,100	-	-
Net (gain) loss on sale of unconsolidated investment
400	99,800	0	0	-	-	-	-	-	-	-	-
Other Asset Impairment Charges
449,700	0	0	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of business
74,100	0	0	262,400	0	0	1,642,000	0	0	165,100	10,400	-31,500
Loss on inventory and related contracts
-123,000	0	-59,000	-	-	-	-	-	-	-	-	-
Tax Cuts and Jobs Act, Measurement Period Adjustment, Income Tax Expense (Benefit)
0	-37,600	-	-	-	-	-	-	-	-	-	-
Tax Cuts and Jobs Act, Incomplete Accounting, Provisional Income Tax Expense (Benefit)
-	-	-351,200	-	-	-	-	-	-	-	-	-
Gain (Loss) on Contract Termination
-	-	-	0	0	-	-	-	-	-	-	-
Impairment of goodwill and intangible assets
-	-	-	-	-	-	300,900	0	38,100	23,600	103,200	300,400
Loss (gain) on disposal of long-lived assets, net
-	-	-	-	-	-	-	-	-	-400	15,700	44,900
Loss on write-off of financing costs
-	-	-	-	-	-	-	-	0	0	-	-
(Gain) loss on obligation from put option of Ruffino shareholder
-	-	-	-	-	-	-	-	-	-60,000	-34,300	-
Loss on settlement of pension obligations
-	-	-	-	-	-	-	-	-	-109,900	-	-
Noncash portion of loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	700	-
Write-down of Australian inventory
-	-	-	-	-	-	-	-	-	-	-	75,500
Change in operating assets and liabilities, net of effects from purchases of businesses:
Accounts receivable
22,000	71,900	34,100	49,400	129,800	-16,100	-36,500	38,900	5,600	86,000	-61,900	-87,400
Inventories
29,500	61,900	123,800	151,000	-10,100	132,500	41,100	90,000	-51,500	-190,800	-51,000	86,000
Prepaid expenses and other current assets
-8,100	103,000	111,500	71,600	-45,900	71,200	200	9,600	-6,500	7,600	-2,600	-9,400
Accounts payable
16,800	21,400	12,800	115,900	24,700	-800	-49,300	76,900	-6,000	-82,500	-42,700	-26,900
Accrued excise taxes
-	-	-	-	-	1,600	-5,500	-5,800	10,600	-7,100	-18,100	12,100
Other accrued expenses and liabilities
-58,500	-22,100	-66,800	132,600	-111,700	44,700	58,100	-300	44,600	-168,200	-110,500	-95,000
Other
75,100	152,300	29,700	-38,300	-25,200	38,400	-32,700	15,900	-9,100	-34,900	47,100	-159,300
Total adjustments
2,529,700	-1,212,800	-383,900	163,300	353,100	244,800	-1,116,900	168,500	339,100	60,200	303,300	808,300
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
2,551,100	2,246,300	1,931,400	1,696,000	1,413,700	1,081,000	826,200	556,300	784,100	619,700	402,600	506,900
CASH FLOWS FROM INVESTING ACTIVITIES
Capital distributions from equity method investees
-	-	-	-	-	-	-	-	-	-	-	20,800
Purchases of property, plant, and equipment
726,500	886,300	1,057,600	907,400	891,300	719,400	223,500	62,100	68,400	89,100	107,700	128,600
Investment in equity securities
-	-	-	-	0	-	-	-	-	-	-	-
Purchases of businesses, net of cash acquired
36,200	45,600	150,100	1,111,000	1,316,400	310,300	4,681,300	159,300	51,500	0	-	-100
Payments to Acquire Investments
48,200	4,081,500	210,900	17,100	-	-	-	-	-	29,700	900	3,200
Proceeds from redemption of available-for-sale debt securities
-	-	-	-	-	-	-	-	20,200	0	-	-
Proceeds from sales of assets
8,300	72,300	5,900	2,100	-	-	-	-	3,600	19,500	17,200	25,400
Proceeds from sale of unconsolidated investment
1,500	110,200	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of business
-269,700	0	5,000	-575,300	0	0	-	-	30,800	-219,700	-349,600	-204,200
Proceeds from notes receivable
-	-	-	-	-	-	-	-	-	60,000	-	-
Other investing activities
-400	900	5,400	3,700	-300	-13,800	-41,000	-14,600	8,200	-7,700	1,600	-9,900
Net cash provided by (used in) investing activities
-531,000	-4,831,800	-1,423,100	-1,461,800	-2,207,400	-1,015,900	-4,863,800	-206,800	-135,100	188,100	256,600	128,600
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of long-term debt
1,291,300	3,657,600	7,933,400	1,965,600	610,000	905,000	3,725,000	2,050,000	0	0	-	-
Repayments of Long-term Debt
2,195,300	62,800	7,128,700	971,800	208,700	605,700	96,400	1,537,200	475,900	328,500	781,300	577,600
Net proceeds from (repayments of) short-term borrowings
-552,600	45,500	137,200	197,100	360,600	-	-	-	-	-	-	-
Dividends paid
569,200	557,700	400,100	315,100	241,600	0	0	-	-	-	-	-
Net proceeds from notes payable
-	-	-	-	-	13,100	57,300	-372,600	249,800	-289,700	117,100	-109,700
Excess tax benefits from stock-based payment awards
-	-	-	131,400	203,400	78,000	65,400	17,700	10,900	7,400	2,700	7,200
Proceeds from noncontrolling interests
-	-	-	-	25,000	115,000	0	0	-	-	-	-
Payment of delayed purchase price arrangement
-	-	-	-	-	543,300	0	0	-	-	-	-
Purchases of treasury stock
50,000	504,300	1,038,500	1,122,700	33,800	0	0	383,000	413,700	300,000	-	-
Proceeds from shares issued under equity compensation plans
78,200	63,200	49,400	59,700	113,000	63,700	125,900	162,700	-	-	-	-
Payments of minimum tax withholdings on stock-based payment awards
14,300	13,600	31,700	64,900	38,600	28,400	18,000	500	2,200	400	100	-
Payment of contingent consideration
11,300	0	0	-	-	-	-	-	-	-	-	-
Payments of debt issuance costs
8,200	34,600	122,200	14,100	13,300	13,800	82,200	35,800	0	200	11,500	-
Proceeds from exercises of employee stock options
-	-	-	-	-	-	-	-	51,300	61,000	12,300	27,100
Proceeds from employee stock purchases
-	-	-	-	-	-	-	-	4,700	4,300	4,500	5,600
Proceeds from maturity of derivative instrument
-	-	-	-	-	-	-	-	-	-	-33,200	-
Net cash provided by (used in) financing activities
-2,031,400	2,593,300	-601,200	-134,800	776,000	-16,400	3,777,000	-98,700	-575,100	-846,100	-623,100	-647,400
Effect of exchange rate changes on cash and cash equivalents
-900	-4,500	5,800	-5,100	-9,300	-2,500	-7,000	-5,100	2,700	4,000	-5,700	4,500
Net increase (decrease) in cash and cash equivalents
-12,200	3,300	-87,100	94,300	-27,000	46,200	-267,600	245,700	76,600	-34,300	30,400	-7,400
SUPPLEMENTAL DISCLSOURES OF CASH FLOW INFORMATION
Cash paid during the year
Interest, net of interest capitalized
448,900	324,800	322,200	300,400	310,400	325,400	313,400	197,000	173,300	203,300	307,700	332,800
Income taxes, net of refunds received
85,300	186,200	238,600	219,600	80,200	169,500	117,900	143,600	-31,800	88,200	224,100	137,800
Noncash investing and financing activities
Additions to property, plant, and equipment
70,400	141,700	170,000	190,300	158,000	-	-	34,800	27,800	28,400	-	-
Conversion of long-term debt to noncontrolling equity interests
0	248,200	0	0	-	-	-	-	-	-	-	-
Conversion of noncontrolling equity interest to long-term debt
-	-	-	132,000	0	-	-	-	-	-	-	-
Plus settlement of obligation from put option of shareholder
-	-	-	-	-	-	-	-	-	0	-	-
Fair value of assets acquired, including cash acquired
-	-	-	-	-	-	-	-	-	0	-	-
Liabilities assumed
-	-	-	-	-	-	-	-	-	0	-	-
Net assets acquired
-	-	-	-	-	-	-	-	-	0	-	-
Less - fair value of preexisting 50% equity interest
-	-	-	-	-	-	-	-	-	0	-	-
Less cash acquired
-	-	-	-	-	-	-	-	-	0	-	-
Cash paid for purchase of business
36,200	45,600	150,100	1,111,000	1,316,400	310,300	-	159,300	51,500	0	-	-100
Investment in Accolade
-	-	-	-	-	-	-	-	-	48,200	-	-
Indemnification liabilities
-	-	-	-	-	-	-	-	-	26,100	-	-
Note receivable from sale of value spirits business
-	-	-	-	-	-	-	-	-	-	-60,000	-