Constellation Brands, Inc. (STZ)
NYSE: STZ · Real-Time Price · USD
135.66
+1.52 (1.13%)
At close: Aug 21, 2026, 4:00 PM EDT
135.30
-0.36 (-0.27%)
After-hours: Aug 21, 2026, 7:54 PM EDT
Constellation Brands Cash Flow Statement
Financials in millions USD. Fiscal year is March - February.
Millions USD. Fiscal year is Mar - Feb.
Operating Activities
Fiscal Quarter | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Net Income | 1,824 | 1,687 | 1,110 | 1,223 | -442.3 | -81.4 | 686.3 | 579.5 | 2,469 | 1,727 | 1,558 | 1,517 | -324.6 | -71 | 101.4 | 104.5 | 1,257 | -40.4 | -52.9 | 757.2 |
Depreciation & Amortization | 412.4 | 420 | 412.8 | 432.8 | 440.6 | 447 | 445.9 | 435 | 434.2 | 429.2 | 430.4 | 417.2 | 399.6 | 383.8 | 372.2 | 363.6 | 359.1 | 342.4 | 328.4 | 318.6 |
Other Amortization | - | - | 10.4 | 10.4 | - | - | 11.7 | 11.7 | 11.7 | - | 2.9 | 5.8 | 16.3 | 34 | 33.5 | 33 | 54.9 | 39.9 | 44.1 | 45.7 |
Loss (Gain) From Sale of Assets | 31.9 | 31.9 | 243.9 | 212 | -266 | -266 | 15.1 | 15.1 | 15.1 | 15.1 | 13.8 | - | - | -15 | -13.8 | - | - | - | -14.2 | 6.8 |
Asset Writedown & Restructuring Costs | 76 | 109.8 | -2,198 | -2,198 | 3,328 | 3,276 | 2,250 | 2,250 | - | - | 66.5 | 66.5 | 66.5 | 53.5 | - | - | - | 665.9 | 672 | 672.7 |
Loss (Gain) From Sale of Investments | 6.5 | 6.5 | 56.6 | 56.6 | 56.6 | 56.6 | - | 11.3 | 26.2 | 221.5 | 228.3 | 224.4 | 1,279 | 1,106 | 1,158 | 1,351 | 871 | 1,594 | 1,258 | 288.2 |
Loss (Gain) on Equity Investments | -2.5 | -2.5 | -0.8 | -5.4 | -5.4 | -5.4 | 38.1 | 94.7 | 100.6 | 321.2 | 383.7 | 382.7 | 1,027 | 971.8 | 901 | 841.9 | 73 | 61.6 | 276.4 | 300.6 |
Stock-Based Compensation | 72.3 | 67.7 | 59.5 | 63.3 | 65.3 | 72.2 | 74.8 | 72.1 | 66.4 | 63.6 | 61.9 | 63.2 | 66.2 | 68.5 | 67.2 | 46.7 | 45.7 | 44.9 | 44.8 | 65 |
Other Operating Activities | 365.5 | 534.1 | 3,128 | 3,181 | 41.1 | -212.3 | -51.4 | -205.8 | 40 | 289.8 | 283.6 | 297.2 | 512.7 | 499.6 | 445 | 533.6 | 352.1 | 183 | 204 | 190.1 |
Change in Accounts Receivable | 90.4 | 82.9 | 129.2 | 203.1 | 79.8 | 90.3 | 58.6 | 62.6 | 41.3 | 73.2 | 28.3 | 50.9 | -52.6 | -3.9 | -4.5 | -11 | 39.9 | -114 | -31.1 | -72.1 |
Change in Inventory | -61.9 | -48.3 | -97.1 | -215.2 | -125.7 | -152.2 | -146.1 | -248.9 | -172 | -182.3 | -187.5 | -188.8 | -331 | -356.4 | -302.2 | -298.3 | -262 | -261.3 | -99.9 | 71.4 |
Change in Accounts Payable | 7.6 | -3.7 | -23.8 | 20 | 75.5 | 101.5 | 117.6 | 215.6 | 53.2 | 24.7 | -48 | -130.4 | 54.6 | 114.9 | 60.6 | 156.7 | 84.1 | 213.7 | 98 | 33.5 |
Change in Unearned Revenue | -71.5 | -71.5 | -90.3 | -95.6 | -51.1 | -35.5 | -22.8 | -18.9 | -19.7 | -11 | 12.8 | 20.9 | 10.9 | 12.8 | -6.3 | -17.1 | 13.7 | 118 | 120.7 | 122.8 |
Change in Other Net Operating Assets | -57.5 | -144.6 | -39.2 | -119 | -97.3 | -138.3 | -487.1 | -243.7 | -260.4 | -192.4 | -11.6 | -1.6 | -60.5 | -41.9 | -270.5 | -270.4 | -141.1 | -142 | 39.2 | 87 |
Operating Cash Flow | 2,694 | 2,669 | 2,701 | 2,769 | 3,099 | 3,152 | 2,991 | 3,030 | 2,805 | 2,780 | 2,823 | 2,725 | 2,664 | 2,757 | 2,542 | 2,834 | 2,748 | 2,705 | 2,887 | 2,888 |
Operating Cash Flow Growth (YoY) | -13.08% | -15.33% | -9.69% | -8.62% | 10.47% | 13.39% | 5.94% | 11.22% | 5.29% | 0.84% | 11.06% | -3.85% | -3.04% | 1.90% | -11.95% | -1.86% | -3.12% | -3.60% | 1.71% | 12.07% |
Investing Activities
Fiscal Quarter | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Capital Expenditures | -859.4 | -875 | -938.7 | -921.1 | -1,032 | -1,214 | -1,289 | -1,390 | -1,367 | -1,269 | -1,264 | -1,182 | -1,116 | -1,035 | -1,112 | -1,108 | -1,110 | -1,027 | -995.6 | -940.2 |
Sale of Property, Plant & Equipment | 59 | 59 | 43.3 | 33.5 | 22.6 | 35.5 | 34.9 | 39.9 | 34.8 | 21.9 | 21.9 | 14.9 | 0.2 | 6.7 | 6.7 | 9.4 | 9.8 | 4.1 | 4.6 | 2.1 |
Cash Acquisitions | -15.3 | - | - | -0.4 | -158.7 | -158.7 | -158.7 | -158.3 | -7.5 | -7.5 | -7.5 | -7.4 | 0.1 | -37.1 | -37.1 | -90.7 | -90.7 | -53.5 | -53.5 | - |
Divestitures | 850.5 | 850.5 | 1,260 | 1,260 | 409.2 | 409.2 | - | - | -1.3 | 5.4 | 5.4 | 102.1 | 103.4 | 96.7 | 96.7 | - | -0.4 | 4.6 | 961.2 | 963 |
Investment in Securities | -18 | -18 | -10.9 | -23 | -22 | -35 | -31.1 | -26 | -26 | -34.6 | -35.9 | -37.4 | -52.4 | -30.8 | 36.9 | 45.4 | 46.3 | 37.8 | -33.6 | -33.6 |
Other Investing Activities | 2.6 | - | - | -1.7 | -13 | -11.7 | -10.6 | -8 | -4 | -2 | -3.1 | -4.1 | - | 0.5 | 0.5 | -0.4 | -1.5 | -2 | -2 | -1 |
Investing Cash Flow | 19.4 | 16.5 | 353.5 | 347.6 | -793.5 | -974.8 | -1,454 | -1,543 | -1,371 | -1,286 | -1,283 | -1,114 | -1,065 | -999.4 | -1,008 | -1,145 | -1,146 | -1,036 | -118.9 | -9.7 |
Financing Activities
Fiscal Quarter | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Short-Term Debt Issued | - | - | - | - | - | 565.3 | - | - | - | - | - | - | - | 842.3 | - | - | - | 323 | - | - |
Long-Term Debt Issued | - | 997.7 | - | - | - | - | - | - | - | 1,144 | - | - | - | 3,345 | - | - | - | 995.6 | - | - |
Total Debt Issued | 1,063 | 997.7 | 914.3 | 797.7 | 512.6 | 565.3 | 1,048 | 666.3 | 951.4 | 1,144 | 1,534 | 2,744 | 3,085 | 4,187 | 3,478 | 2,018 | 3,159 | 1,319 | 1,239 | 1,488 |
Short-Term Debt Repaid | - | -534.8 | - | - | - | - | - | - | - | -923.9 | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | - | -1,404 | - | - | - | -957 | - | - | - | -809.7 | - | - | - | -2,160 | - | - | - | -1,365 | - | - |
Total Debt Repaid | -2,110 | -1,939 | -1,836 | -1,859 | -835 | -957 | -1,176 | -784.9 | -1,437 | -1,734 | -2,016 | -2,008 | -1,725 | -2,160 | -1,659 | -1,663 | -2,642 | -1,365 | -1,911 | -2,542 |
Net Debt Issued (Repaid) | -1,047 | -941.5 | -922 | -1,061 | -322.4 | -391.7 | -127.4 | -118.6 | -485.6 | -589.2 | -482.7 | 736.3 | 1,360 | 2,028 | 1,819 | 355.5 | 517.5 | -46.7 | -672.2 | -1,054 |
Issuance of Common Stock | 6.3 | 7.7 | 10.7 | 28.5 | 54.4 | 73.8 | 81.7 | 66.7 | 113.3 | 104.5 | 94.7 | 98.1 | 44.3 | 42.4 | 54.6 | 185.2 | 179.1 | 177.6 | 175.4 | 49.8 |
Repurchase of Common Stock | -852 | -933.5 | -1,289 | -1,288 | -1,239 | -1,138 | -681.9 | -677.7 | -428.5 | -260.9 | -560.5 | -345.8 | -738.8 | -1,711 | -1,411 | -1,497 | -2,008 | -1,400 | -1,400 | -1,315 |
Common Dividends Paid | -712.2 | -715.7 | -719.3 | -724.3 | -728.7 | -731.8 | -714 | -694.8 | -675 | -653.8 | -637.7 | -620 | -602.5 | -587.7 | -583.6 | -579 | -575.6 | -573 | -574.3 | -576.7 |
Other Financing Activities | -87.1 | -73 | -57.9 | -65.7 | -70.4 | -74.5 | -99.4 | -81.8 | -77.1 | -75.2 | -60.2 | -1,562 | -1,571 | -1,592 | -1,587 | -86.9 | -113.5 | -87.1 | -88.4 | -85.1 |
Financing Cash Flow | -2,692 | -2,656 | -2,978 | -3,111 | -2,306 | -2,262 | -1,541 | -1,506 | -1,553 | -1,475 | -1,646 | -1,694 | -1,507 | -1,820 | -1,708 | -1,622 | -2,000 | -1,930 | -2,560 | -2,981 |
Net Cash Flow
Fiscal Quarter | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Foreign Exchange Rate Adjustments | 2.1 | 4.8 | 2 | 1.5 | 1.1 | 0.1 | -0.5 | -0.2 | 0.5 | -0.6 | -0.3 | 1.6 | -1.5 | -3.5 | -2.5 | -5.7 | -3.4 | -1.3 | 0.1 | 1.9 |
Net Cash Flow | 22.7 | 34.3 | 78.7 | 7.4 | 0.1 | -84.3 | -5 | -18.7 | -118.7 | 18.9 | -106.3 | -81.8 | 90.7 | -65.9 | -176.3 | 61.7 | -402 | -261.2 | 208.4 | -101.2 |
Free Cash Flow
Fiscal Quarter | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Free Cash Flow | 1,834 | 1,794 | 1,762 | 1,848 | 2,067 | 1,938 | 1,702 | 1,640 | 1,438 | 1,511 | 1,560 | 1,542 | 1,548 | 1,722 | 1,430 | 1,725 | 1,638 | 1,679 | 1,891 | 1,947 |
Free Cash Flow Growth (YoY) | -11.28% | -7.43% | 3.54% | 12.68% | 43.79% | 28.27% | 9.13% | 6.35% | -7.14% | -12.23% | 9.06% | -10.62% | -5.48% | 2.56% | -24.39% | -11.39% | -18.16% | -13.56% | -13.34% | 1.03% |
Free Cash Flow Margin | 20.25% | 19.63% | 18.78% | 19.20% | 20.55% | 18.98% | 16.71% | 16.09% | 14.22% | 15.17% | 15.88% | 15.76% | 16.12% | 18.21% | 14.96% | 18.27% | 17.89% | 19.03% | 21.81% | 22.16% |
Free Cash Flow Per Share | 10.53 | 10.22 | 9.96 | 10.34 | 11.47 | 10.68 | 9.31 | 8.96 | 7.82 | 8.21 | 8.22 | 8.06 | 8.10 | 8.94 | 7.59 | 9.18 | 8.64 | 8.80 | 9.87 | 10.04 |
Levered Free Cash Flow | 2,210 | 2,048 | 1,970 | 2,012 | 1,192 | 1,062 | 984.56 | 966.48 | 801.09 | 874.13 | 923.11 | 951.99 | 823.01 | 833.41 | 635.9 | 726.7 | 800.03 | 1,054 | 1,756 | 1,903 |
Unlevered Free Cash Flow | 2,428 | 2,274 | 2,190 | 2,246 | 1,451 | 1,324 | 1,236 | 1,216 | 1,053 | 1,151 | 1,202 | 1,224 | 1,075 | 1,064 | 832.03 | 916.64 | 969 | 1,237 | 1,937 | 2,088 |
Additional Metrics
Fiscal Quarter | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Cash Interest Paid | 346.2 | 346.2 | 416.1 | 416.1 | 416.1 | 416.1 | 418.6 | 418.6 | 418.6 | 418.6 | 386.3 | 386.3 | 386.3 | 386.3 | 368.5 | 368.5 | 368.5 | 368.5 | 418.5 | 418.5 |
Cash Income Tax Paid | 173.6 | 173.6 | 197.1 | 197.1 | 197.1 | 197.1 | 333.5 | 333.5 | 333.5 | 333.5 | 129.7 | 129.7 | 129.7 | 129.7 | 324.7 | 324.7 | 324.7 | 324.7 | 189.7 | 189.7 |
Change in Working Capital | -92.9 | -185.2 | -121.2 | -206.7 | -118.8 | -134.2 | -479.8 | -233.3 | -357.6 | -287.8 | -206 | -249 | -378.6 | -274.5 | -522.9 | -440.1 | -265.4 | -185.6 | 126.9 | 242.6 |