Name: Constellation Brands Inc. (NYSE:STZ) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Constellation Brands Inc., consolidated balance sheet: assets

US$ in thousands

	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020	Feb 28, 2019	Feb 28, 2018	Feb 28, 2017
Cash and cash equivalents	199,400)	460,600)	81,400)	93,600)	90,300)	177,400)
Accounts receivable	899,000)	785,300)	864,800)	846,900)	776,200)	737,000)
Inventories	1,573,200)	1,291,100)	1,373,600)	2,130,400)	2,084,000)	1,955,100)
Prepaid taxes	254,100)	76,000)	38,800)	48,100)	59,200)	57,800)
Value added taxes receivable	193,000)	257,800)	315,200)	315,800)	209,900)	78,300)
Derivative assets	92,600)	48,700)	57,300)	22,200)	—)	—)
Income taxes receivable	27,200)	45,400)	35,200)	105,200)	121,000)	100,400)
Other	91,200)	79,600)	89,300)	121,800)	133,400)	124,000)
Prepaid expenses and other	658,100)	507,500)	535,800)	613,100)	523,500)	360,500)
Assets held for sale, current	—)	—)	628,500)	—)	—)	—)
Current assets	3,329,700)	3,044,500)	3,484,100)	3,684,000)	3,474,000)	3,230,000)
Property, plant, and equipment	6,059,600)	5,821,600)	5,333,000)	5,267,300)	4,789,700)	3,932,800)
Goodwill	7,862,400)	7,793,500)	7,757,100)	8,088,800)	8,083,100)	7,920,500)
Intangible assets	2,755,200)	2,732,100)	2,718,900)	3,198,100)	3,304,800)	3,377,700)
Equity method investments	2,688,700)	2,788,400)	3,093,900)	3,465,600)	121,500)	98,700)
Securities measured at fair value	191,400)	1,818,100)	1,117,100)	3,234,700)	672,200)	—)
Deferred income taxes	2,351,500)	2,492,500)	2,656,300)	2,183,300)	—)	1,200)
Assets held for sale	—)	—)	552,100)	—)	—)	—)
Other assets	617,300)	614,100)	610,700)	109,700)	93,400)	41,500)
Noncurrent assets	22,526,100)	24,060,300)	23,839,100)	25,547,500)	17,064,700)	15,372,400)
Total assets	25,855,800)	27,104,800)	27,323,200)	29,231,500)	20,538,700)	18,602,400)

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).

Total assets experienced a significant surge between 2017 and 2019, peaking at 29.2 billion US dollars before entering a period of gradual contraction to 25.8 billion US dollars by February 2022. This overall trajectory is primarily characterized by a massive expansion of noncurrent assets in 2019, followed by a steady reduction in financial instruments and investments.

Current Asset Trends: Current assets remained relatively stable, fluctuating between 3.0 billion and 3.7 billion US dollars. Accounts receivable exhibited a consistent upward trend, growing from 737 million US dollars in 2017 to 899 million US dollars in 2022. Cash and cash equivalents showed high volatility, with a significant spike to 460.6 million US dollars in 2021. Inventories peaked in 2019 at 2.1 billion US dollars before a sharp decline in 2020 to 1.3 billion US dollars, subsequently recovering to 1.5 billion US dollars by 2022.
Capital Expenditure and Intangibles: A consistent growth pattern is observed in property, plant, and equipment, which increased from 3.9 billion US dollars in 2017 to 6.0 billion US dollars in 2022, suggesting ongoing investment in production capacity. In contrast, intangible assets followed a downward trend, decreasing from 3.3 billion US dollars to 2.7 billion US dollars, likely due to amortization. Goodwill remained largely stagnant, maintaining a range between 7.7 billion and 8.1 billion US dollars throughout the period.
Analysis of Noncurrent Asset Volatility: The most pronounced changes occurred within noncurrent assets, which rose from 15.3 billion US dollars in 2017 to a peak of 25.5 billion US dollars in 2019. This increase was driven by three primary factors: a substantial rise in equity method investments, the emergence of deferred income taxes as a major asset (reaching 2.1 billion US dollars in 2019), and a peak in securities measured at fair value. By 2022, securities measured at fair value had declined sharply to 191.4 million US dollars from a 2019 high of 3.2 billion US dollars, contributing to the overall reduction in total assets.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?