Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Constellation Brands Inc., adjusted total assets

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Total assets	25,855,800)	27,104,800)	27,323,200)	29,231,500)	20,538,700)	18,602,400)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	450,424)	452,267)	395,311)
Less: Deferred tax assets²	2,351,500)	2,492,500)	2,656,300)	2,183,300)	—)	1,200)
After Adjustment
Adjusted total assets	23,504,300)	24,612,300)	24,666,900)	27,498,624)	20,990,967)	18,996,511)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Constellation Brands Inc., adjusted current liabilities

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Current liabilities	2,698,800)	1,269,100)	2,311,800)	3,163,800)	1,944,700)	2,697,600)
Adjustments
Less: Current deferred revenue	32,000)	—)	—)	—)	—)	—)
After Adjustment
Adjusted current liabilities	2,666,800)	1,269,100)	2,311,800)	3,163,800)	1,944,700)	2,697,600)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

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Constellation Brands Inc., adjusted total liabilities

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Total liabilities	13,808,000)	13,175,700)	14,848,900)	16,394,300)	12,476,000)	11,717,600)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	450,424)	452,267)	395,311)
Less: Deferred tax liabilities²	515,800)	569,700)	384,000)	1,029,700)	718,300)	1,133,600)
Less: Deferred revenue	136,100)	—)	—)	—)	—)	—)
After Adjustment
Adjusted total liabilities	13,156,100)	12,606,000)	14,464,900)	15,815,024)	12,209,967)	10,979,311)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Constellation Brands Inc., adjusted total CBI stockholders’ equity

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Total CBI stockholders’ equity	11,731,900)	13,598,900)	12,131,800)	12,551,000)	8,046,100)	6,891,200)
Adjustments
Less: Deferred tax assets (liabilities), net¹	1,835,700)	1,922,800)	2,272,400)	1,153,600)	(718,300)	(1,132,400)
Add: Deferred revenue	136,100)	—)	—)	—)	—)	—)
Add: Noncontrolling interests	315,900)	330,200)	342,500)	286,200)	16,600)	(6,400)
After Adjustment
Adjusted total stockholders’ equity	10,348,200)	12,006,300)	10,201,900)	11,683,600)	8,781,000)	8,017,200)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

¹ Deferred tax assets (liabilities), net. See details »

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Constellation Brands Inc., adjusted capitalization table

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Short-term borrowings	323,000)	—)	238,900)	791,500)	746,800)	606,500)
Current maturities of long-term debt	605,300)	29,200)	734,900)	1,065,200)	22,300)	910,900)
Long-term debt, less current maturities	9,488,200)	10,413,100)	11,210,800)	11,759,800)	9,417,600)	7,720,700)
Total reported debt	10,416,500)	10,442,300)	12,184,600)	13,616,500)	10,186,700)	9,238,100)
Total CBI stockholders’ equity	11,731,900)	13,598,900)	12,131,800)	12,551,000)	8,046,100)	6,891,200)
Total reported capital	22,148,400)	24,041,200)	24,316,400)	26,167,500)	18,232,800)	16,129,300)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	450,424)	452,267)	395,311)
Add: Current operating lease liability²	80,400)	68,800)	76,600)	—)	—)	—)
Add: Noncurrent operating lease liability³	457,300)	471,100)	483,600)	—)	—)	—)
Adjusted total debt	10,954,200)	10,982,200)	12,744,800)	14,066,924)	10,638,967)	9,633,411)
Adjustments to Equity
Less: Deferred tax assets (liabilities), net⁴	1,835,700)	1,922,800)	2,272,400)	1,153,600)	(718,300)	(1,132,400)
Add: Deferred revenue	136,100)	—)	—)	—)	—)	—)
Add: Noncontrolling interests	315,900)	330,200)	342,500)	286,200)	16,600)	(6,400)
Adjusted total stockholders’ equity	10,348,200)	12,006,300)	10,201,900)	11,683,600)	8,781,000)	8,017,200)
After Adjustment
Adjusted total capital	21,302,400)	22,988,500)	22,946,700)	25,750,524)	19,419,967)	17,650,611)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liability. See details »

³ Noncurrent operating lease liability. See details »

⁴ Deferred tax assets (liabilities), net. See details »

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Constellation Brands Inc., adjusted net sales

US$ in thousands

12 months ended:	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Net sales	8,820,700)	8,614,900)	8,343,500)	8,116,000)	7,585,000)	7,331,500)
Adjustment
Add: Increase (decrease) in deferred revenue	118,300)	—)	—)	—)	—)	—)
After Adjustment
Adjusted net sales	8,939,000)	8,614,900)	8,343,500)	8,116,000)	7,585,000)	7,331,500)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

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Constellation Brands Inc., adjusted net income (loss) attributable to CBI

US$ in thousands

12 months ended:	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
As Reported
Net income (loss) attributable to CBI	(40,400)	1,998,000)	(11,800)	3,435,900)	2,318,900)	1,535,100)
Adjustments
Add: Deferred income tax expense (benefit)¹	84,800)	336,400)	(1,153,700)	426,900)	(428,100)	128,700)
Add: Increase (decrease) in deferred revenue	118,300)	—)	—)	—)	—)	—)
Add: Other comprehensive income (loss), net of income tax effect	(80,400)	(80,300)	90,500)	(152,800)	208,000)	42,000)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	38,200)	22,700)	36,100)	21,400)	23,000)	(6,600)
After Adjustment
Adjusted net income	120,500)	2,276,800)	(1,038,900)	3,731,400)	2,121,800)	1,699,200)

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).

¹ Deferred income tax expense (benefit). See details »

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Constellation Brands Inc. (NYSE:STZ)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income