Balance Sheet: Assets
Quarterly Data

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.

Constellation Brands Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018	May 31, 2018	Feb 28, 2018	Nov 30, 2017	Aug 31, 2017	May 31, 2017	Feb 28, 2017	Nov 30, 2016	Aug 31, 2016	May 31, 2016
Cash and cash equivalents	185,000)	165,100)	101,800)	199,400)	361,300)	103,400)	503,800)	460,600)	152,900)	204,600)	302,800)	81,400)	93,700)	81,300)	98,700)	93,600)	130,600)	206,100)	210,000)	90,300)	154,500)	125,600)	199,100)	177,400)	197,300)	177,300)	167,300)
Accounts receivable	921,000)	978,900)	879,900)	899,000)	917,800)	972,800)	922,800)	785,300)	915,400)	926,300)	700,500)	864,800)	808,300)	953,700)	788,300)	846,900)	837,200)	951,200)	827,900)	776,200)	779,500)	853,300)	832,000)	737,000)	856,000)	831,100)	773,300)
Inventories	1,802,000)	1,651,000)	1,656,400)	1,573,200)	1,518,900)	1,339,000)	1,377,600)	1,291,100)	1,376,900)	1,328,400)	1,332,600)	1,373,600)	1,358,800)	1,311,400)	1,494,100)	2,130,400)	2,198,000)	1,941,900)	2,068,400)	2,084,000)	2,167,600)	1,929,700)	1,936,900)	1,955,100)	2,123,100)	1,855,200)	1,918,800)
Prepaid expenses and other	617,900)	735,200)	664,100)	658,100)	578,600)	528,500)	508,900)	507,500)	455,500)	497,100)	470,100)	535,800)	484,300)	525,100)	530,900)	613,100)	472,700)	486,300)	498,500)	523,500)	444,000)	464,800)	392,500)	360,500)	268,400)	306,200)	359,100)
Assets held for sale, current	—)	—)	—)	—)	—)	—)	—)	—)	546,400)	580,800)	590,200)	628,500)	724,800)	666,000)	668,900)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	3,525,900)	3,530,200)	3,302,200)	3,329,700)	3,376,600)	2,943,700)	3,313,100)	3,044,500)	3,447,100)	3,537,200)	3,396,200)	3,484,100)	3,469,900)	3,537,500)	3,580,900)	3,684,000)	3,638,500)	3,585,500)	3,604,800)	3,474,000)	3,545,600)	3,373,400)	3,360,500)	3,230,000)	3,444,800)	3,169,800)	3,218,500)
Property, plant, and equipment	6,523,800)	6,234,000)	6,163,300)	6,059,600)	5,519,300)	5,505,400)	5,392,200)	5,821,600)	5,580,700)	5,184,900)	5,098,200)	5,333,000)	5,187,200)	5,141,600)	5,118,000)	5,267,300)	4,986,300)	4,947,700)	4,815,800)	4,789,700)	4,551,000)	4,464,200)	4,186,900)	3,932,800)	3,708,000)	3,632,100)	3,507,200)
Goodwill	7,896,600)	7,898,600)	7,915,100)	7,862,400)	7,848,100)	7,798,900)	7,808,900)	7,793,500)	7,789,000)	7,717,400)	7,684,900)	7,757,100)	7,771,800)	7,696,700)	7,756,000)	8,088,800)	8,061,800)	8,082,600)	8,050,500)	8,083,100)	8,085,700)	8,114,200)	7,972,300)	7,920,500)	7,517,900)	7,356,800)	7,350,200)
Intangible assets	2,741,500)	2,763,600)	2,765,700)	2,755,200)	2,756,700)	2,729,700)	2,731,800)	2,732,100)	2,739,700)	2,738,300)	2,735,400)	2,718,900)	2,721,300)	2,787,000)	2,847,500)	3,198,100)	3,307,800)	3,308,900)	3,301,600)	3,304,800)	3,303,800)	3,309,100)	3,289,700)	3,377,700)	3,494,200)	3,441,500)	3,440,400)
Equity method investments	771,400)	833,400)	2,534,000)	2,688,700)	2,756,400)	2,819,000)	2,656,700)	2,788,400)	2,959,900)	2,931,900)	2,885,700)	3,093,900)	3,058,700)	3,003,800)	3,430,400)	3,465,600)	3,583,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Securities measured at fair value	95,000)	91,800)	172,300)	191,400)	292,900)	488,600)	1,075,700)	1,818,100)	1,536,200)	764,000)	809,500)	1,117,100)	1,040,200)	1,572,200)	2,409,500)	3,234,700)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred income taxes	2,241,700)	2,292,300)	2,334,800)	2,351,500)	2,414,200)	2,448,000)	2,591,000)	2,492,500)	2,563,000)	2,574,800)	2,599,500)	2,656,300)	2,663,000)	2,146,800)	2,203,100)	2,183,300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	385,500)	416,600)	376,400)	552,100)	562,500)	1,019,100)	925,700)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	667,100)	637,000)	653,700)	617,300)	563,100)	607,000)	623,000)	614,100)	629,500)	597,400)	564,000)	610,700)	619,100)	650,400)	680,000)	109,700)	4,313,000)	4,172,800)	3,324,000)	887,100)	621,000)	157,500)	150,000)	141,400)	155,200)	117,200)	113,700)
Noncurrent assets	20,937,100)	20,750,700)	22,538,900)	22,526,100)	22,150,700)	22,396,600)	22,879,300)	24,060,300)	24,183,500)	22,925,300)	22,753,600)	23,839,100)	23,623,800)	24,017,600)	25,370,200)	25,547,500)	24,251,900)	20,512,000)	19,491,900)	17,064,700)	16,561,500)	16,045,000)	15,598,900)	15,372,400)	14,875,300)	14,547,600)	14,411,500)
Total assets	24,463,000)	24,280,900)	25,841,100)	25,855,800)	25,527,300)	25,340,300)	26,192,400)	27,104,800)	27,630,600)	26,462,500)	26,149,800)	27,323,200)	27,093,700)	27,555,100)	28,951,100)	29,231,500)	27,890,400)	24,097,500)	23,096,700)	20,538,700)	20,107,100)	19,418,400)	18,959,400)	18,602,400)	18,320,100)	17,717,400)	17,630,000)

Cash and Cash Equivalents: The cash and cash equivalents displayed volatility over the analyzed periods. Starting at 167,300 thousand USD in May 2016, the amount fluctuated considerably, with notable increases reaching a peak of 503,800 thousand USD in May 2021. However, intermittent declines occurred, especially towards late 2017 to early 2018 and again in mid-2019 and 2022, indicating possible variability in liquidity management or cash flows.
Accounts Receivable: The accounts receivable figures show moderate fluctuations with an overall upward trend from 773,300 thousand USD in May 2016 to peaks around 978,900 thousand USD in August 2022 and November 2022. Periodic declines are noticeable, such as in May 2020 and early 2021, which may correlate with operational or market conditions affecting credit sales collection.
Inventories: Inventories exhibit a generally downward trend after reaching a high of over 2,190,000 thousand USD in November 2018 and early 2019, falling to lows near 1,291,100 thousand USD by February 2021. From that point, inventories began a gradual recovery, rising again towards 1,802,000 thousand USD by November 2022. This pattern could indicate shifts in production levels, stock management strategies, or demand fluctuations.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets increased steadily over the periods, moving from 359,100 thousand USD in May 2016 to a peak of 735,200 thousand USD in August 2022. The trend indicates growing advances and short-term asset holdings, potentially reflecting increased prepayments or accrued benefits affecting short-term liquidity.
Assets Held for Sale, Current and Total: Assets held for sale, both current and total, appear with data starting from early 2019. Current assets held for sale fluctuated around 590,000 to 725,000 thousand USD, with a decreasing trend towards 546,400 thousand USD in late 2021. Total assets held for sale also showed a decline from peaks above 1,019,100 thousand USD in August 2019 to 385,500 thousand USD by mid-2021, suggesting asset divestitures or reclassifications reducing these holdings.
Current Assets: Current assets demonstrated variability, peaking at approximately 3,635,000 thousand USD in November 2018, and notably declining to near 2,944,700 thousand USD by August 2021. Thereafter, they recovered, nearing 3,525,900 thousand USD by November 2022. The fluctuations mostly align with movements in cash, receivables, inventories, and other current asset components, indicating operational cycles and working capital adjustments.
Property, Plant, and Equipment (PPE): PPE consistently increased over the reviewed periods, starting at roughly 3,507,200 thousand USD in May 2016, reaching over 6,523,800 thousand USD by November 2022. The continuous growth suggests ongoing capital investments or asset acquisitions, supporting capacity expansion or modernization efforts.
Goodwill: Goodwill remained relatively stable, fluctuating slightly around the 7,800,000 thousand USD mark over the years. Minor variations likely reflect adjustments in acquisitions or impairment assessments but overall indicate persistent intangible value from prior mergers or purchases.
Intangible Assets: Intangible assets declined from approximately 3,440,400 thousand USD in May 2016 to 2,741,500 thousand USD by November 2022. This gradual decrease might be attributable to amortization, impairments, or disposals affecting the recorded intangible asset base.
Equity Method Investments: Equity method investments data is available mainly from late 2017 onwards, showing a downward trend from about 3,583,000 thousand USD in November 2018 to a low near 771,400 thousand USD in August 2022. The significant reduction suggests possible divestments, impairment losses, or strategic exits from equity-partnered ventures.
Securities Measured at Fair Value: This asset category showed marked volatility, with values decreasing from over 3,234,700 thousand USD in November 2018 to under 95,000 thousand USD by November 2022. The sharp decline points to substantial disposals or valuation decreases in securities holdings.
Deferred Income Taxes: Deferred income taxes remained relatively stable, with minor declines from around 2,183,300 thousand USD in November 2018 to approximately 2,241,700 thousand USD by November 2022. The consistency indicates steady tax position adjustments or timing differences.
Other Assets: Other assets demonstrated wide fluctuations, notably spiking to over 4,170,000 thousand USD around late 2017 to late 2018, before falling back to about 637,000 thousand USD by November 2022. Such variability may result from reclassifications, impairments, or changes in long-term holdings or investments.
Noncurrent Assets: Noncurrent assets generally increased with periodic fluctuations, rising from about 14,411,500 thousand USD in May 2016 to a peak near 25,547,500 thousand USD in November 2018, followed by a gradual decline to roughly 20,937,100 thousand USD by November 2022. The changes reflect a combination of capital expenditures, disposals, impairments, and reclassifications.
Total Assets: Total assets increased from roughly 17,630,000 thousand USD in May 2016 to a maximum of about 29,231,500 thousand USD in November 2018. Subsequently, total assets experienced a decline to approximately 24,463,000 thousand USD by November 2022. This trajectory suggests a growth phase culminating in late 2018 followed by contraction or asset optimization through the subsequent periods.

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Constellation Brands Inc. (NYSE:STZ)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data