CONSTELLATION BRANDS, INC. STZ Cash Flow

Constellation brands, inc. (STZ)

CashFlow / TTM

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)
21	861	807	2,475	3,459	3,123	3,307	2,660	2,315	1,856	1,765	1,614	1,532	1,322	1,188	1,139	1,060	1,026	978	869	836	781	770	2,096	1,943	1,867	1,766	368	387	409	404	442	445	621	656	584	559	0	0	0
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	-1,016	-645	885	1,971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on securities measured at fair value
-2,126	-1,016	-645	885	1,971	1,034	1,414	722	464	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax provision (benefit)
-1,153	-974	-228	65	426	230	303	241	113	101	-2	57	124	173	296	268	251	191	105	78	79	111	99	60	41	8	16	47	39	51	55	49	48	35	45	46	70	0	0	0
Depreciation
326	331	333	335	333	329	321	307	293	276	264	251	237	225	205	193	180	174	172	166	162	156	154	151	139	130	119	109	108	106	104	101	98	98	104	111	119	0	0	0
Stock-based compensation
60	63	61	62	64	66	67	63	60	57	53	55	56	57	59	57	54	53	53	55	55	54	52	48	49	47	45	42	40	41	44	45	47	43	44	48	46	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Equity in (earnings) losses of equity method investees and related activities, net of distributed earnings
-560	-544	-591	-109	-13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	30	0	-7	1	8	23	-2	-3	50	49	23	0	0	0
Impairment and amortization of intangible assets
-	-	-	-	-	-	-	-	92	139	139	140	56	16	24	33	40	36	38	41	40	40	33	24	15	12	10	6	7	1	2	3	5	3	4	5	5	0	0	0
Amortization of debt issuance costs and loss on extinguishment of debt
-	-	-	-	-	-	-	-	-108	-49	-33	-25	-12	-12	-12	-13	-13	12	12	12	12	12	12	12	11	10	8	5	4	0	0	0	-	-	-	-	-	-	-	-
Net (gain) loss on sale of unconsolidated investment
0	0	-0	-1	99	99	99	101	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Loss (gain) on disposal of long-lived assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-1	-5	1	-0	0	0	0
Loss on write-off of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Change in operating assets and liabilities, net of effects from purchases of businesses:
Accounts receivable
22	-25	4	-36	71	52	91	-13	34	-33	71	107	49	129	95	70	129	24	81	57	-16	39	3	6	-36	-60	-20	-6	38	-29	-27	-9	5	-118	-34	-4	86	0	0	0
Inventories
29	68	93	93	61	29	49	131	123	178	150	113	151	158	4	45	-10	-48	34	63	132	134	142	103	41	5	59	90	90	107	30	-15	-51	-100	-152	-197	-190	0	0	0
Prepaid expenses and other current assets
-8	6	21	57	103	89	70	129	111	119	132	76	71	31	27	-13	-45	-44	-4	53	71	80	48	11	0	-2	-9	15	9	7	2	5	-6	1	5	3	7	0	0	0
Accounts payable
16	-144	-85	-15	21	156	83	41	12	-16	11	46	115	177	74	59	24	3	-13	-12	-0	-45	47	38	-49	35	34	33	76	29	33	4	-6	-19	-59	-73	-82	0	0	0
Deferred revenue
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued excise taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-1	4	1	-1	1	-4	-5	-5	-14	-5	-5	-5	1	0	10	-18	-8	-6	-7	0	0	0
Other accrued expenses and liabilities
-58	-75	-98	-6	-22	34	-21	-20	-66	-12	72	78	132	93	-58	-75	-111	-148	-37	-16	44	92	58	92	58	4	55	-59	-0	-62	-34	-47	44	-110	-125	-96	-168	0	0	0
Other
75	102	199	196	152	78	12	24	29	4	30	11	-38	-20	-34	-56	-25	6	23	30	38	-44	-72	-39	-32	28	25	2	15	-9	-13	-5	-9	-9	5	-15	-34	0	0	0
Total adjustments
2,529	1,486	1,519	-140	-1,212	-686	-1,140	-606	-383	-108	-11	117	163	415	466	414	353	395	238	184	244	165	234	-1,041	-1,116	-1,071	-1,089	94	168	123	230	196	339	269	174	216	60	0	0	0
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
2,551	2,348	2,327	2,335	2,246	2,436	2,167	2,053	1,931	1,748	1,754	1,731	1,696	1,737	1,655	1,553	1,413	1,422	1,216	1,054	1,081	947	1,005	1,055	826	796	676	463	556	532	635	639	784	891	831	800	619	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment
726	804	870	873	886	972	923	1,008	1,057	1,021	1,043	955	907	969	965	931	891	691	706	717	719	678	482	332	223	95	75	64	62	66	64	67	68	73	85	84	89	0	0	0
Purchases of businesses, net of cash acquired
36	36	61	81	45	0	0	0	-	-	-	-	1,111	1,540	1,283	1,601	1,316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Investments
48	37	3,962	4,100	4,081	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	0	0	0
Proceeds from sales of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	11	3	4	16	18	19	0	0	0
Proceeds from sale of unconsolidated investment
1	0	0	0	110	110	110	110	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-575	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	-194	-192	-213	-219	0	0	0
Proceeds from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1	1	1	60	0	0	0
Other investing activities
-0	-1	1	9	0	-4	1	-5	5	-0	8	8	3	19	3	-2	-0	-14	-15	-17	-13	-34	-40	-34	-41	-25	-18	-17	-14	1	2	2	8	1	-0	-1	-7	0	0	0
Net cash provided by (used in) investing activities
-531	-580	-4,868	-4,991	-4,831	-4,972	-1,171	-1,255	-1,423	-1,351	-1,448	-1,229	-1,461	-2,528	-2,252	-2,530	-2,207	-1,283	-1,318	-1,010	-1,015	-666	-450	-4,980	-4,863	-4,764	-4,742	-215	-206	-216	-245	-112	-135	94	125	149	188	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	7,933	6,633	5,042	2,764	1,965	1,750	1,350	1,319	610	0	0	0	-	-	-	-	3,725	3,725	3,725	2,200	2,050	2,050	2,050	1,400	0	0	0	0	-	-	-	-
Repayments of Long-term Debt
2,195	2,078	1,370	79	62	651	2,634	5,221	7,128	6,586	4,647	2,791	971	968	941	223	208	188	680	680	605	571	120	96	96	776	709	709	1,537	857	894	890	475	697	723	744	328	0	0	0
Net proceeds from (repayments of) short-term borrowings
-552	-450	-562	-82	45	-482	-101	-321	137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
569	566	563	560	557	516	478	440	400	377	357	336	315	299	280	261	241	180	119	59	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-69	-	-53	-202	-114	13	-62	-17	14	57	154	257	122	-372	-329	-221	-193	249	-49	-152	-315	-289	0	0	0
Excess tax benefits from stock-based payment awards
-	-	-	-	-	-	-	-	-	-	-	-	131	111	214	208	203	206	103	84	78	76	75	75	65	65	60	62	17	17	11	3	10	11	13	12	7	0	0	0
Proceeds from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
50	50	50	404	504	1,303	1,528	1,138	1,038	989	1,131	1,121	1,122	406	39	34	33	0	0	0	-	-	-	-	-	-	-	-	383	515	609	796	413	281	187	0	300	0	0	0
Proceeds from shares issued under equity compensation plans
78	69	74	66	63	44	38	40	49	57	58	60	59	53	113	119	113	128	74	62	63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of minimum tax withholdings on stock-based payment awards
14	14	14	14	13	22	22	22	31	20	22	41	64	67	64	45	38	38	38	38	28	28	28	29	18	18	18	17	0	0	0	0	2	2	2	3	0	0	0	0
Payment of restricted cash upon issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Payments of debt issuance costs
-	-	-	-	-	-	-	-	122	39	29	22	14	12	10	16	13	0	0	0	-	-	-	-	82	82	83	26	35	35	34	22	0	0	0	0	0	0	0	0
Proceeds from exercises of employee stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	144	122	27	51	67	82	80	61	0	0	0
Net cash provided by (used in) financing activities
-2,031	-1,808	2,421	2,548	2,593	2,518	-913	-788	-601	-446	-358	-468	-134	507	449	1,021	776	295	337	-282	-16	-277	-568	3,694	3,777	3,838	4,012	294	-98	-172	-220	-468	-575	-947	-966	-964	-846	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-0	3	-4	-3	-4	-6	-1	1	5	6	1	-2	-5	-10	-5	-8	-9	-9	-9	-7	-2	-1	1	-1	-7	-6	-8	-2	-5	1	-0	-2	2	1	5	6	4	0	0	0
Net increase (decrease) in cash and cash equivalents
-12	-36	-124	-111	3	-23	80	10	-87	-42	-51	31	94	-294	-152	36	-27	424	225	-247	46	2	-12	-231	-267	-135	-61	540	245	144	168	55	76	39	-3	-7	-34	0	0	0
SUPPLEMENTAL DISCLSOURES OF CASH FLOW INFORMATION
Noncash investing and financing activities
Additions to property, plant, and equipment
70	36	68	38	141	145	144	134	170	128	153	276	190	322	304	211	158	0	0	0	-	-	-	-	-	34	33	32	34	28	21	25	27	33	38	30	28	0	0	0
Cash paid for purchase of business
36	36	61	81	45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-