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Constellation Brands Annual Report (Amendment), Year Ended Feb 28, 2009

Filing Date
Filed May 29, 2009
Period End
February 28, 2009
Security
STZ
In the record · 2016–202610-K1110-Q338-K237

STZ filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 237 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jul ’17Jul ’17
  2. Material agreement8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Jan ’22Jan ’22
  4. Leadership change8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 10-K/A filed May 29, 2009. Cited figures are marked; the original filing is the authoritative source.

Constellation Brands, Inc. filed this amendment to its Annual Report on Form 10-K for the fiscal year ended February 28, 2009, which it describes as Amendment No. 1.

The filing reports that the aggregate market value of voting common equity held by non-affiliates was $3,972,797,456,a based on closing prices of the Class A and Class B Common Stock on the New York Stock Exchange as of the last business day of the second fiscal quarter. As of April 20, 2009, the company had 197,253,230 shares of Class A Common Stock and 23,743,494 shares of Class B Common Stock outstanding, and no Class 1 Common Stock. The company's consolidated financial statements for the years ended February 28, 2009, February 29, 2008, and February 28, 2007, along with the related KPMG LLP audit reports, were previously submitted with the original Annual Report on Form 10-K.

This amendment adds the consolidated financial statements of Matthew Clark (Holdings) Limited, a 50 percent owned joint venture, for the year ended February 28, 2009, filed under Rule 3-09 of Regulation S-X, together with a KPMG LLP consent related to that entity and updated certifications from the Chief Executive Officer and Chief Financial Officer. Part III information, including executive compensation and governance matters, is incorporated by reference from the proxy statement for the Annual Meeting of Stockholders expected to be held July 23, 2009.

02—Key points

Key Highlights

  1. Aggregate market value of voting common equity held by non-affiliates was $3,972,797,456, measured at the last business day of the second fiscal quarter.
  2. Shares outstanding as of April 20, 2009: 197,253,230 Class A Common Stock and 23,743,494 Class B Common Stock; no Class 1 Common Stock outstanding.
  3. Consolidated financial statements for fiscal years ended February 28, 2009, February 29, 2008, and February 28, 2007 were previously submitted with the original Form 10-K.
  4. This amendment adds the financial statements of Matthew Clark (Holdings) Limited, a 50 percent owned joint venture, for the year ended February 28, 2009, under Rule 3-09 of Regulation S-X.
  5. Financial statements of Crown Imports LLC, a 50 percent owned joint venture, for the years ended December 31, 2008 and 2007 were previously included with the original Form 10-K.
  6. Part III information is incorporated by reference from the proxy statement for the Annual Meeting of Stockholders expected to be held July 23, 2009.
  7. The filing lists debt instruments, including senior notes indentures and a Credit Agreement dated June 5, 2006 with JPMorgan Chase Bank, N.A. as Administrative Agent, as exhibits.

03—One dollar

Follow one dollar

For each $1.00 of revenue in FY2009, Constellation Brands lost $0.06.

  1. Revenue$4.72B100.0%
  2. Cost of revenue−$3.49B74.0%
  3. Gross profit$1.23B26.0%
  4. Operating costs−$1.20B25.4%
  5. Operating income$29.6M0.6%
  6. Interest, other & tax−$331.0M7.0%
  7. Net income−$301.4M6.4%
Computed from 10-K/AFY2009filed May 29, 2009Computed from this filing’s revenue, gross profit, operating income and net income · right columngrey figure: share of revenue

Where FY2009 revenue went

$4.72B
  • Cost of revenue: $2.42B, 51% of revenue
  • Other operating costs: $1.44B, 30% of revenue
  • SG&A: $832.0M, 18% of revenue
  • Operating income: $29.6M, 0.6% of revenue

Kept 0.6% as operating incomeOperating income $29.6M · 0.6%

Full revenue history →

04—Financials

Financial Highlights

Figures from 10-K/AFY2009filed May 29, 2009
Revenue$4.72B26.0% Gross MarginNet Income-$301.40M-6.4% Net MarginCash & Equivalents$13.10MFree Cash Flow$378.30M

Financial Statements

Revenue$4.72B
Cost of Revenue$2.42B
Gross Profit$1.23B
SG&A Expenses$832.00M
Operating Income$29.60M
Interest Expense$323.00M
Net Income-$301.40M

05—Questions

Frequently Asked Questions

  1. How many shares of Constellation Brands common stock were outstanding?

    As of April 20, 2009, there were 197,253,230 shares of Class A Common Stock and 23,743,494 shares of Class B Common Stock outstanding. The filing states that no Class 1 Common Stock was outstanding.

  2. What was the market value of shares held by non-affiliates?

    The aggregate market value of voting common equity held by non-affiliates was $3,972,797,456, based on closing sales prices of the Class A and Class B Common Stock on the New York Stock Exchange as of the last business day of the second fiscal quarter.

  3. What new financial information does this amendment add?

    The amendment includes the consolidated financial statements of Matthew Clark (Holdings) Limited, a 50 percent owned joint venture, for the year ended February 28, 2009, filed under Rule 3-09 of Regulation S-X, along with a KPMG LLP consent for that entity.

  4. Where can investors find executive compensation and governance details?

    Part III information is incorporated by reference from the proxy statement for the Annual Meeting of Stockholders, which is expected to be held July 23, 2009.

06—Continue

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