Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Constellation Brands Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Short-term borrowings	875,600)	663,900)	124,000)	323,000)	243,000)	486,000)	—)	—)	40,000)	—)	—)	238,900)	281,500)	150,900)	586,400)	791,500)	731,500)	717,100)	669,700)	746,800)	1,212,800)	814,000)	988,100)	606,500)	353,400)	114,300)	29,800)
Current maturities of long-term debt	9,600)	7,600)	575,100)	605,300)	5,700)	5,800)	529,400)	29,200)	528,400)	533,800)	534,700)	734,900)	734,800)	636,100)	1,065,400)	1,065,200)	1,065,600)	18,900)	20,900)	22,300)	23,200)	96,500)	146,200)	910,900)	915,700)	893,100)	1,587,800)
Accounts payable	1,008,100)	959,100)	874,600)	899,200)	945,400)	840,400)	821,100)	460,000)	732,100)	651,200)	505,500)	557,600)	676,500)	608,600)	579,100)	616,700)	882,700)	734,900)	650,300)	592,200)	742,200)	601,700)	558,800)	559,800)	772,300)	624,500)	558,500)
Other accrued expenses and liabilities	831,700)	881,300)	792,100)	871,300)	1,054,500)	854,900)	712,300)	779,900)	740,900)	724,900)	712,200)	780,400)	767,400)	800,300)	708,400)	690,400)	683,600)	691,600)	649,600)	583,400)	557,700)	577,800)	489,300)	620,400)	595,200)	567,700)	522,600)
Current liabilities	2,725,000)	2,511,900)	2,365,800)	2,698,800)	2,248,600)	2,187,100)	2,062,800)	1,269,100)	2,041,400)	1,909,900)	1,752,400)	2,311,800)	2,460,200)	2,195,900)	2,939,300)	3,163,800)	3,363,400)	2,162,500)	1,990,500)	1,944,700)	2,535,900)	2,090,000)	2,182,400)	2,697,600)	2,636,600)	2,199,600)	2,698,700)
Long-term debt, less current maturities	11,287,100)	10,278,700)	10,278,200)	9,488,200)	10,083,800)	10,081,700)	9,914,800)	10,413,100)	10,416,100)	11,066,800)	11,639,300)	11,210,800)	11,339,700)	12,159,800)	11,745,800)	11,759,800)	11,772,500)	9,187,600)	9,416,400)	9,417,600)	8,114,200)	8,036,900)	8,077,200)	7,720,700)	7,362,500)	7,021,600)	6,690,600)
Deferred income taxes and other liabilities	1,734,200)	1,779,400)	1,638,600)	1,621,000)	1,648,500)	1,546,900)	1,617,200)	1,493,500)	1,520,600)	1,482,000)	1,380,500)	1,326,300)	1,257,500)	1,508,400)	1,777,800)	1,470,700)	1,234,500)	1,212,200)	1,124,000)	1,113,700)	1,447,900)	1,346,200)	1,302,000)	1,299,300)	1,323,300)	1,322,100)	1,252,100)
Noncurrent liabilities	13,021,300)	12,058,100)	11,916,800)	11,109,200)	11,732,300)	11,628,600)	11,532,000)	11,906,600)	11,936,700)	12,548,800)	13,019,800)	12,537,100)	12,597,200)	13,668,200)	13,523,600)	13,230,500)	13,007,000)	10,399,800)	10,540,400)	10,531,300)	9,562,100)	9,383,100)	9,379,200)	9,020,000)	8,685,800)	8,343,700)	7,942,700)
Total liabilities	15,746,300)	14,570,000)	14,282,600)	13,808,000)	13,980,900)	13,815,700)	13,594,800)	13,175,700)	13,978,100)	14,458,700)	14,772,200)	14,848,900)	15,057,400)	15,864,100)	16,462,900)	16,394,300)	16,370,400)	12,562,300)	12,530,900)	12,476,000)	12,098,000)	11,473,100)	11,561,600)	11,717,600)	11,322,400)	10,543,300)	10,641,400)
Class A Stock, $0.01 par value	2,100)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	2,600)	2,600)	2,600)	2,600)	2,600)	2,600)	2,600)	2,600)	2,600)	2,600)
Class B Stock, $0.01 par value	—)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)	300)
Additional paid-in capital	1,883,600)	1,860,400)	1,825,000)	1,808,900)	1,781,800)	1,648,300)	1,619,200)	1,604,200)	1,580,400)	1,553,600)	1,523,300)	1,514,600)	1,472,300)	1,452,100)	1,417,000)	1,410,800)	1,368,800)	2,865,300)	2,834,800)	2,825,300)	2,809,200)	2,787,600)	2,759,800)	2,755,800)	2,705,500)	2,675,400)	2,633,800)
Retained earnings	12,267,800)	13,448,400)	14,746,200)	14,505,400)	14,251,600)	13,922,200)	14,063,600)	15,117,800)	14,879,100)	13,742,200)	13,374,100)	13,695,300)	13,439,400)	13,221,400)	13,888,900)	14,276,200)	13,176,800)	13,012,900)	12,002,400)	9,228,200)	8,401,700)	8,011,000)	7,612,300)	7,310,000)	6,934,900)	6,608,700)	6,329,400)
Accumulated other comprehensive loss	(200,900)	(355,400)	(166,300)	(412,700)	(623,100)	(290,400)	(236,600)	(335,500)	(357,400)	(815,500)	(1,022,400)	(266,300)	(383,800)	(476,600)	(355,500)	(353,900)	(505,900)	(304,600)	(378,600)	(202,900)	(209,000)	(87,400)	(212,300)	(399,800)	(596,700)	(443,100)	(456,500)
Treasury stock	(5,563,100)	(5,566,600)	(5,175,700)	(4,171,900)	(4,174,200)	(4,089,600)	(3,186,800)	(2,789,800)	(2,792,200)	(2,794,500)	(2,811,200)	(2,814,000)	(2,820,700)	(2,821,600)	(2,778,000)	(2,784,300)	(2,785,200)	(4,308,200)	(3,905,100)	(3,807,400)	(3,010,900)	(2,786,000)	(2,773,000)	(2,777,700)	(2,028,600)	(1,661,500)	(1,661,600)
Total CBI stockholders’ equity	8,389,500)	9,389,000)	11,231,400)	11,731,900)	11,238,300)	11,192,700)	12,261,600)	13,598,900)	13,312,100)	11,688,000)	11,066,000)	12,131,800)	11,709,400)	11,377,500)	12,174,600)	12,551,000)	11,256,700)	11,268,300)	10,556,400)	8,046,100)	7,993,900)	7,928,100)	7,389,700)	6,891,200)	7,018,000)	7,182,400)	6,848,000)
Noncontrolling interests	327,200)	321,900)	327,100)	315,900)	308,100)	331,900)	336,000)	330,200)	340,400)	315,800)	311,600)	342,500)	326,900)	313,500)	313,600)	286,200)	263,300)	266,900)	9,400)	16,600)	15,200)	17,200)	8,100)	(6,400)	(20,300)	(8,300)	140,600)
Total stockholders’ equity	8,716,700)	9,710,900)	11,558,500)	12,047,800)	11,546,400)	11,524,600)	12,597,600)	13,929,100)	13,652,500)	12,003,800)	11,377,600)	12,474,300)	12,036,300)	11,691,000)	12,488,200)	12,837,200)	11,520,000)	11,535,200)	10,565,800)	8,062,700)	8,009,100)	7,945,300)	7,397,800)	6,884,800)	6,997,700)	7,174,100)	6,988,600)
Total liabilities and stockholders’ equity	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)

Short-term borrowings: Short-term borrowings exhibit significant volatility throughout the periods. There was an initial increase from May 2016 to November 2017, reaching a peak of approximately $1.21 billion. Following this, a decline occurred with occasional sporadic values, including substantial decreases post-February 2020, and intermittent reappearances. Overall, the short-term borrowings present an irregular pattern without a consistent trend.
Current maturities of long-term debt: Current maturities of long-term debt generally decreased from $1.59 billion in May 2016 to under $60 million by February 2022 and subsequent dates, though with significant fluctuations. The earliest periods show relatively high values, with a steep decline from early 2017 onward, except for multiple sharp increases around late 2018 to 2020, suggesting refinancing or restructuring activity of debt.
Accounts payable: Accounts payable shows a gradual upward trend with some fluctuations. It started at $558.5 million in May 2016, steadily rising to over $1 billion by the end of 2022. Some cyclical dips and recoveries are observed, but the overall trajectory points to an increase in payables over the observed timeframe.
Other accrued expenses and liabilities: Other accrued expenses and liabilities also display a general increase. Beginning at $522.6 million in May 2016, figures climb progressively, peaking at over $1.05 billion in November 2021 before showing moderate declines in 2022. This suggests an escalation in accrued expenses corresponding with business growth or increased operational costs.
Current liabilities: The total current liabilities reveal high volatility, with a peak over $3.36 billion in November 2018, followed by declines and recoveries. Initial periods fluctuate around $2.2 billion, rising sharply in late 2018, then generally demonstrating a decreasing trend post-2019 until mid-2021 and jumping again thereafter. This pattern likely reflects changes in short-term financing and operational obligations.
Long-term debt, less current maturities: Long-term debt, exclusive of current maturities, trends upwards overall from approximately $6.69 billion in mid-2016, surpassing $11 billion in most recent periods. This steady increase indicates ongoing long-term financing possibly linked to capital expenditures or acquisitions.
Deferred income taxes and other liabilities: Deferred income taxes and other liabilities remain relatively stable with minor fluctuations around roughly $1.2 billion to $1.7 billion. A slight upward tendency is evident in the later years, particularly post-2018, reflecting possible tax deferrals or changes in noncurrent liabilities structure.
Noncurrent liabilities: Noncurrent liabilities reflect consistent growth from around $7.94 billion in 2016 to near $13 billion in late 2022. Despite minor decreases in some intervals, the general trend signals increased long-term obligations over time.
Total liabilities: Total liabilities exhibit an overall increasing trend with some fluctuations from $10.64 billion in early 2016, peaking near $16.35 billion by late 2018. Subsequently, a slight decline occurs through 2020-2021 before rising again by late 2022. This mirrored pattern corresponds with variations in both current and noncurrent liabilities.
Class A and Class B Stock: Class A and B stock values remain mostly steady with minor changes, indicating stable par value and share counts, except for a minor increase in Class A stock in the latest period.
Additional paid-in capital: Additional paid-in capital demonstrates a steady upward trend from about $2.63 billion in mid-2016 to approximately $1.88 billion by late 2022; however, there is a notable decline in the middle periods, coinciding with the drop in equity values, then recoveries toward the end.
Retained earnings: Retained earnings generally increase through most of the timeframe, starting around $6.33 billion in 2016 and peaking above $15 billion in early 2021. A decline develops thereafter, falling below $12.3 billion by late 2022, which might reflect earnings volatility, dividend payments, or charges impacting accumulated profits.
Accumulated other comprehensive loss: This item varies widely, with losses ranging between roughly -$874 million and -$1.02 billion in some periods. Despite fluctuations, the accumulated other comprehensive loss remains negative throughout, suggesting persistent unrealized losses in areas such as foreign currency translation or pension adjustments.
Treasury stock: Treasury stock levels increase significantly over the periods, indicating higher repurchases or stock retirements. Starting just over -$1.66 billion, the figure escalates dramatically to over -$5.56 billion by late 2022, showing an aggressive stock buyback or reduction in outstanding shares.
Total stockholders’ equity: Total stockholders’ equity rises from about $6.99 billion in mid-2016 to a peak near $13.65 billion by early 2021, followed by a substantial decline to roughly $8.72 billion at the end of the available data. This trend reflects changes in retained earnings, treasury stock levels, and comprehensive losses, suggesting equity erosion in more recent years.
Total liabilities and stockholders’ equity: The overall total liabilities and equity grow steadily from $17.63 billion in May 2016 to a peak near $29.23 billion in early 2019. Afterward, the total moderately declines and stabilizes around $24.4 billion by late 2022, indicative of overall balance sheet expansion followed by consolidation or asset reductions.

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Constellation Brands Inc. (NYSE:STZ)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data