Parent Subsidiary Subsidiary  Company Guarantors Nonguarantors Eliminations Consolidated (in thousands) Condensed Consolidating Statement of Income for the Year Ended February 29, 2004 Gross sales $ 814,042 $1,757,950 $1,987,657 $ (90,379) $4,469,270 Less – excise taxes (143,964) (412,999) (359,878) – (916,841) Net sales 670,078 1,344,951 1,627,779 (90,379) 3,552,429 Cost of product sold (553,391) (818,612) (1,287,720) 83,082 (2,576,641) Gross profit 116,687 526,339 340,059 (7,297) 975,788 Selling, general and administrative expenses (115,163) (163,805) (178,309) – (457,277) Restructuring and related charges – (28,232) (2,922) – (31,154) Operating income (loss) 1,524 334,302 158,828 (7,297) 487,357 Gain on change in fair value of derivative instruments 1,181 – – – 1,181 Equity in earnings of  subsidiary/joint venture 215,775 98,212 2 (313,447) 542 Interest income (expense), net 15,945 (154,842) (5,786) – (144,683) Income before income taxes 234,425 277,672 153,044 (320,744) 344,397 Provision for income taxes (6,714) (61,897) (55,372) – (123,983) Net income 227,711 215,775 97,672 (320,744) 220,414 Dividends on preferred stock (5,746) – – – (5,746) Income available to common  stockholders $ 221,965 $ 215,775 $ 97,672 $(320,744) $ 214,668 Condensed Consolidating Statement of Income for the Year Ended February 28, 2003 Gross sales $ 817,458 $1,989,490 $1,145,520 $(369,386) $3,583,082 Less – excise taxes (148,129) (412,022) (291,319) – (851,470) Net sales 669,329 1,577,468 854,201 (369,386) 2,731,612 Cost of product sold (558,811) (1,088,899) (692,558) 369,371 (1,970,897) Gross profit 110,518 488,569 161,643 (15) 760,715 Selling, general and administrative expenses (109,576) (146,037) (95,380) – (350,993) Restructuring charges – (4,764) – _ (4,764) Operating income 942 337,768 66,263 (15) 404,958 Gain on change in fair value of derivative instruments 23,129 –  – – 23,129 Equity in earnings of subsidiary/joint venture 186,448 55,129 – (229,341) 12,236 Interest expense, net 11,648 (114,051) (2,984) – (105,387) Income before income taxes 222,167 278,846 63,279 (229,356) 334,936 Provision for income taxes (18,846) (92,398) (20,386) – (131,630) Net income $ 203,321 $ 186,448 $ 42,893 $(229,356) $ 203,306 Condensed Consolidating Statement of Income for the Year Ended February 28, 2002 Gross sales $ 832,065 $1,954,585 $1,032,130 $(398,567) $3,420,213 Less – excise taxes (147,446) (408,532) (257,477) – (813,455) Net sales 684,619 1,546,053 774,653 (398,567) 2,606,758 Cost of product sold (511,714) (1,172,935) (625,522) 398,573 (1,911,598) Gross profit 172,905 373,118 149,131 6 695,160 Selling, general and administrative expenses (92,891) (167,521) (94,857) – (355,269) Operating income 80,014 205,597 54,274 6 339,891 Equity in earnings of subsidiary/joint venture 90,620 34,488 – (123,441) 1,667 Interest expense, net (3,689) (106,610) (3,890) – (114,189) Income before income taxes 166,945 133,475 50,384 (123,435) 227,369 Provision for income taxes (30,530) (42,855) (17,563) – (90,948) Net income $ 136,415 $ 90,620 $ 32,821 $(123,435) $ 136,421 71