CONSTELLATION BRANDS, INC. STZ Cash Flow

Constellation brands, inc. (STZ)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
409,000	366,500	-517,000	-237,100	1,249,400	312,100	1,151,300	746,300	913,800	496,400	504,100	401,000	455,400	405,000	353,200	319,100	245,300	271,000	304,100	240,200	211,500	222,200	195,800	206,700	157,200	211,000	1,522,000	52,900	81,700	109,500	124,600	72,000	103,000	104,800	162,700	74,500	279,800	139,300	91,300	49,100
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized net (gain) loss on securities measured at fair value
74,500	-534,300	-839,100	-827,500	1,184,700	-163,900	692,100	258,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on securities measured at fair value
74,500	-534,300	-839,100	-827,500	1,184,700	-163,900	692,100	258,300	247,500	216,800	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax provision (benefit)
39,100	-740,100	-207,300	-245,400	218,800	5,800	86,100	116,200	22,700	78,900	23,400	-11,200	10,100	-25,200	83,900	56,000	58,500	98,500	55,700	38,300	-1,000	12,700	28,000	39,600	31,500	500	-11,400	21,000	-1,300	8,600	19,600	12,300	11,200	12,100	13,900	10,800	-1,300	21,600	15,300	35,300
Depreciation
77,600	79,800	82,500	86,600	83,000	81,300	84,600	84,200	79,400	73,500	70,800	70,100	62,200	61,400	58,100	55,800	49,800	41,800	45,700	43,000	43,600	40,100	39,300	39,000	37,700	38,000	36,600	27,500	28,200	27,600	26,100	26,300	26,800	25,600	22,800	23,200	27,300	30,900	30,100	30,900
Stock-based compensation
9,800	17,000	18,100	15,500	13,000	15,200	18,600	17,300	15,400	16,600	13,800	15,100	11,700	13,000	15,400	16,000	13,500	14,500	13,700	12,300	12,900	14,200	16,200	11,700	12,400	11,900	12,800	12,800	9,500	9,900	9,800	11,600	10,100	13,300	10,500	13,700	6,200	14,100	14,700	11,000
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Equity in (earnings) losses of equity method investees and related activities, net of distributed earnings
-48,300	67,800	-489,200	-91,100	-31,900	20,500	-6,800	4,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	3,400	35,700	15,900	-24,100	-27,400	28,000	24,500	-17,100	-12,400	2,400	23,400	36,900	-13,400	-23,100
Impairment and amortization of intangible assets
-	-	-	-	-	-	-	-	1,500	1,500	1,500	88,200	48,000	2,100	2,100	4,200	8,500	9,500	11,000	11,700	3,800	11,500	14,200	10,500	4,300	4,100	5,600	1,500	1,700	1,900	1,800	1,800	-3,600	2,700	2,600	3,700	-5,500	3,700	3,600	3,700
Amortization of debt issuance costs and loss on extinguishment of debt
-	-	-	-	-	-	-	-	-81,100	-13,200	-4,600	-9,800	-22,300	3,200	3,200	3,200	-22,100	2,800	3,000	3,200	3,200	3,200	3,200	2,600	3,300	3,300	3,300	1,700	1,800	1,800	-200	1,400	-	-	-	-	-	-	-	-
Net (gain) loss on sale of unconsolidated investment
0	500	0	-100	0	0	-1,600	101,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	2,200	-600	1,400	-	-	-	-
Loss (gain) on disposal of long-lived assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-400	900	-	-100	0	100	-1,600	-3,600	6,200	-1,400
Loss on write-off of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,800	-	-	-	-	-	-	-	-
Change in operating assets and liabilities, net of effects from purchases of businesses:
Accounts receivable
63,300	-147,500	164,800	-58,600	15,500	-117,400	124,500	49,300	-4,300	-78,300	19,900	96,800	-72,100	26,600	55,900	39,000	8,300	-7,400	30,600	98,300	-96,900	49,500	7,000	24,300	-41,200	13,100	9,800	-18,200	-65,300	53,100	23,600	27,500	-133,900	55,000	42,100	42,400	-258,300	139,800	71,200	133,300
Inventories
-105,000	227,200	-113,600	20,900	-65,800	251,500	-113,200	-10,600	-97,900	270,900	-30,800	-18,400	-42,900	242,800	-67,900	19,000	-35,100	88,600	-26,600	-37,000	-73,100	171,300	2,500	31,800	-71,100	179,600	-36,700	-30,700	-106,700	233,900	-6,000	-31,200	-89,300	156,500	-51,200	-67,500	-138,300	104,700	-96,200	-61,000
Prepaid expenses and other current assets
32,000	-7,900	-40,900	8,700	46,400	7,600	-5,100	54,100	33,200	-11,400	53,700	36,000	41,200	1,800	-3,000	31,600	900	-2,100	-44,100	-600	2,800	37,700	13,300	17,400	12,000	5,800	-23,800	6,200	9,300	-700	200	800	7,100	-5,900	3,700	-11,400	15,500	-2,600	1,700	-7,000
Accounts payable
-118,800	131,700	26,200	-22,300	-279,900	190,300	96,100	14,900	-144,900	117,500	53,800	-13,600	-174,100	145,700	88,400	55,900	-112,100	42,700	73,000	21,100	-133,400	25,500	74,600	32,500	-178,100	118,400	65,500	-55,100	-93,800	118,200	64,300	-11,800	-141,300	122,500	34,600	-21,800	-155,100	83,300	19,900	-30,600
Deferred revenue
-	-	-19,100	53,100	-	-	-11,700	47,300	-	-	-15,000	42,400	-	-	-14,000	26,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued excise taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,700	-3,600	2,200	4,100	-4,300	2,100	-300	1,300	-1,200	-4,300	-1,300	900	-9,600	4,100	-1,200	1,200	-2,700	3,100	9,000	-27,600	7,300	4,700	8,500
Other accrued expenses and liabilities
-38,400	40,900	1,300	-62,300	-55,800	18,100	93,300	-77,700	1,000	-38,300	94,200	-123,700	55,700	46,300	100,000	-69,400	16,400	-105,600	82,700	-105,200	-20,700	5,600	103,900	-44,100	27,200	-28,900	138,500	-78,700	-26,700	22,700	23,600	-19,900	-89,300	50,900	11,200	71,800	-244,600	36,300	40,400	-300
Other
51,900	-37,100	3,000	57,300	79,700	59,500	400	12,700	5,800	-6,900	12,900	17,900	-19,400	19,500	-6,300	-32,100	-1,100	5,400	-29,100	-400	30,300	22,500	-22,000	7,600	-52,100	-5,500	10,900	14,000	8,700	-8,300	-11,600	27,100	-16,500	-12,500	-3,700	23,600	-16,400	2,300	-24,700	3,900
Total adjustments
65,800	290,400	1,343,300	830,200	-977,000	323,300	-316,800	-242,300	-450,800	-130,900	217,200	-19,400	-175,100	-34,200	345,800	26,800	76,800	17,500	293,300	-34,500	119,400	-140,200	240,000	25,600	39,900	-70,900	-1,036,300	-49,600	85,600	-89,000	147,500	24,400	40,300	18,600	113,400	166,800	-29,500	-76,000	154,700	11,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
474,800	656,900	826,300	593,100	272,400	635,400	834,500	504,000	463,000	365,500	721,300	381,600	280,300	370,800	699,000	345,900	322,100	288,500	597,400	205,700	330,900	82,000	435,800	232,300	197,100	140,100	485,700	3,300	167,300	20,500	272,100	96,400	143,300	123,400	276,100	241,300	250,300	63,300	246,000	60,100
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment
188,200	183,100	199,500	155,700	266,000	249,700	202,400	168,200	352,000	200,500	288,000	217,100	315,800	223,000	199,200	169,400	377,500	219,000	165,100	129,700	178,100	233,100	176,800	131,400	137,600	36,700	27,200	22,000	9,900	16,600	16,000	19,600	14,300	14,900	18,200	21,000	19,000	26,900	17,600	25,600
Purchases of businesses, net of cash acquired
0	0	0	36,200	300	25,100	19,400	800	-	-	-	-	568,800	257,300	0	284,900	998,500	0	317,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Investments
14,500	700	13,000	20,000	4,200	3,925,200	150,600	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	29,600
Proceeds from sales of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	200	7,700	3,000	300	200	100	4,000	12,400	2,000	1,100
Proceeds from sale of unconsolidated investment
1,500	0	0	0	0	0	0	110,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-575,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,900	-1,900	21,300	7,500	-221,300	0	0	1,600
Proceeds from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,900	1,700	-	0	0	1,000	0	0	0	60,000
Other investing activities
1,500	-3,200	-300	1,600	0	100	7,600	-6,800	-5,300	6,200	300	4,200	-11,600	15,200	500	-400	3,700	-300	-5,300	1,600	-10,800	-1,000	-6,900	4,900	-31,600	-6,700	-700	-2,000	-15,900	100	300	900	200	1,500	100	6,400	-6,900	-300	-200	-300
Net cash provided by (used in) investing activities
-195,100	89,800	-212,200	-213,500	-244,500	-4,198,500	-335,300	-53,500	-384,800	-397,700	-419,300	-221,300	-312,700	-495,500	-199,700	-453,900	-1,379,700	-218,700	-477,700	-131,300	-456,200	-253,500	-169,900	-136,300	-106,300	-38,100	-4,699,400	-20,000	-6,600	-16,200	-172,900	-11,100	-16,400	-45,500	-39,400	-33,800	213,200	-14,200	-15,500	4,600
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	1,915,500	2,000,900	2,508,500	1,508,500	615,500	409,500	231,100	709,500	400,000	10,000	200,000	0	-	-	-	-	0	0	2,175,000	1,550,000	0	0	650,000	1,400,000	0	0	0	0	-	-	-	-
Repayments of Long-term Debt
134,300	729,500	1,308,600	22,900	17,500	21,800	17,600	5,900	605,900	2,004,900	2,604,500	1,913,400	64,100	65,300	748,200	94,200	60,400	39,000	29,900	79,400	40,400	530,900	29,600	4,800	5,800	80,700	5,000	4,900	685,600	13,600	5,800	832,200	5,400	50,600	2,600	417,300	227,400	76,600	23,200	1,300
Net proceeds from (repayments of) short-term borrowings
-42,600	130,500	-435,500	-205,000	60,000	17,900	45,100	-77,500	-467,700	398,300	-174,700	381,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
142,200	142,000	142,000	143,000	139,800	138,800	138,600	140,500	99,000	100,100	100,500	100,500	76,800	79,500	79,500	79,300	61,200	60,600	60,000	59,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,300	-379,100	-	2,600	-69,400	50,900	-37,500	-146,400	18,900	178,100	-113,300	-101,500	51,000	221,100	-16,600	2,300	-83,900	-274,400	26,600	109,900	-55,200	168,500	-273,000	7,400	-218,700	194,600
Excess tax benefits from stock-based payment awards
-	-	-	-	-	-	-	-	-	-	-	-	19,200	11,300	32,100	68,800	-800	114,500	26,100	63,600	2,000	12,000	6,600	57,400	700	10,900	6,500	47,300	500	5,800	8,800	2,600	-200	500	700	9,900	300	2,400	100	4,600
Proceeds from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
0	0	50,000	0	0	0	404,300	100,000	799,300	224,900	14,300	0	750,100	367,100	4,500	1,000	33,800	0	0	0	-	-	-	-	-	-	-	-	0	0	0	383,000	132,400	93,800	187,500	0	0	0	0	300,000
Proceeds from shares issued under equity compensation plans
39,300	6,000	22,500	10,400	30,600	11,100	13,900	7,600	11,900	5,500	15,400	16,600	20,400	6,000	17,400	15,900	14,100	65,700	23,600	9,600	29,500	12,100	11,300	10,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of minimum tax withholdings on stock-based payment awards
100	0	300	13,900	0	100	600	12,900	8,800	400	200	22,300	-2,000	2,200	19,200	45,500	200	0	100	38,300	0	0	0	28,400	0	0	800	17,200	0	0	0	500	0	0	0	2,200	0	0	800	-400
Payment of restricted cash upon issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,550,000	-	0	-650,000	0	-	-	-	-	-	-	-	-
Payments of debt issuance costs
-	-	-	-	-	-	-	-	89,800	12,200	8,400	11,800	7,500	2,000	1,400	3,200	5,400	300	7,600	0	-	-	-	-	0	0	69,000	13,200	600	1,100	11,300	22,800	0	0	0	0	0	0	0	200
Proceeds from exercises of employee stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,600	15,100	62,400	-	24,500	98,100	12,400	9,000	3,300	2,500	36,500	25,200	17,800	1,300	16,700
Net cash provided by (used in) financing activities
-291,200	-735,200	-630,600	-374,400	-68,000	3,494,200	-503,700	-329,200	-143,100	62,200	-378,700	-141,600	11,600	150,600	-488,900	191,900	653,800	92,900	82,700	-53,400	173,100	135,500	-538,100	213,100	-88,100	-155,700	3,725,300	295,500	-26,700	17,900	8,000	-97,900	-100,100	-30,700	-239,700	-204,600	-472,700	-49,000	-238,400	-86,000
Effect of exchange rate changes on cash and cash equivalents
-800	900	-900	-100	3,100	-6,600	600	-1,600	700	-1,100	3,200	3,000	900	-5,900	-400	300	-4,400	-1,100	-3,400	-400	-5,000	-1,000	-1,500	5,000	-4,000	2,100	-4,100	-1,000	-3,000	-200	2,200	-4,100	3,200	-1,400	-400	1,300	2,400	2,000	900	-1,300
Net increase (decrease) in cash and cash equivalents
-12,300	12,400	-17,400	5,100	-37,000	-75,500	-3,900	119,700	-64,200	28,900	-73,500	21,700	-19,900	20,000	10,000	84,200	-408,200	161,600	199,000	20,600	42,800	-37,000	-273,700	314,100	-1,300	-51,600	-492,500	277,800	131,000	22,000	109,400	-16,700	30,000	45,800	-3,400	4,200	-6,800	2,100	-7,000	-22,600
SUPPLEMENTAL DISCLSOURES OF CASH FLOW INFORMATION
Noncash investing and financing activities
Additions to property, plant, and equipment
45,000	-49,000	38,800	35,600	10,800	-16,300	8,700	138,500	14,300	-17,100	-1,200	174,000	-27,700	8,600	121,400	88,000	104,900	-10,000	29,000	34,100	-	-	-	-	-	16,600	6,600	100	10,800	15,700	6,200	2,100	4,400	8,400	10,900	4,100	10,100	13,500	2,300	2,500
Cash paid for purchase of business
0	0	0	36,200	300	25,100	19,400	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-