SELECTED FINANCIAL DATA. FIVE-YEAR STATEMENTS OF INCOME For the Years Ended February 29 and 28 (in thousands, except per share data) 2004 2003 2002 2001 2000 Sales $ 4,469,270 $ 3,583,082 $ 3,420,213 $ 2,983,629 $ 2,909,954 Less-excise taxes (916,841) (851,470) (813,455) (757,609) (748,230) Net sales 3,552,429 2,731,612 2,606,758 2,226,020 2,161,724 Cost of product sold (2,576,641) (1,970,897) (1,911,598) (1,647,081) (1,626,804) Gross profit 975,788 760,715 695,160 578,939 534,920 Selling, general and  administrative expenses(1) (457,277) (350,993) (355,269) (308,071) (294,369) Restructuring and related charges(2) (31,154) (4,764) – – – Nonrecurring charges(3) – – – – (5,510) Operating income 487,357 404,958 339,891 270,868 235,041 Gain on change in fair value of derivative instruments 1,181 23,129 – – – Equity in earnings of joint ventures 542 12,236 1,667 – – Interest expense, net (144,683) (105,387) (114,189) (108,631) (106,082) Income before income taxes 344,397 334,936 227,369 162,237 128,959 Provision for income taxes (123,983) (131,630) (90,948) (64,895) (51,584) Net income 220,414 203,306 136,421 97,342 77,375 Dividends on preferred stock (5,746) – – – – Income available to common $ 214,668 $ 203,306 $ 136,421 $ 97,342 $ 77,375 stockholders Earnings per common share:(4) Basic $ 2.13 $ 2.26 $ 1.60 $ 1.33 $ 1.07 Diluted $ 2.06 $ 2.19 $ 1.55 $ 1.30 $ 1.05 Supplemental data restated for effect of SFAS No. 142:(5) Adjusted operating income $ 487,357 $ 404,958 $ 369,780 $ 290,372 $ 254,833 Adjusted net income $ 220,414 $ 203,306 $ 155,367 $ 111,635 $ 91,793 Adjusted income available to common stockholders $ 214,668 $ 203,306 $ 155,367 $ 111,635 $ 91,793 Adjusted earnings per common share: Basic $ 2.13 $ 2.26 $ 1.82 $ 1.52 $ 1.27 Diluted $ 2.06 $ 2.19 $ 1.77 $ 1.49 $ 1.24 Total assets $ 5,558,673 $ 3,196,330 $ 3,069,385 $ 2,512,169 $ 2,348,791 Long-term debt, including current maturities $ 2,046,098 $ 1,262,895 $ 1,374,792 $ 1,361,613 $ 1,289,788 (1) Effective March 1, 2003, the Company completed its adoption of Statement of Financial Accounting Standards No. 145 (“SFAS No. 145”), “Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections.” Accordingly, the adoption of the provisions rescinding Statement of Financial Accounting Standards No. 4 (“SFAS No. 4”), “Reporting Gains and Losses from Extinguishment of Debt,” resulted in a reclassification of the extraordinary loss related to the extinguishment of debt recorded in the fourth quarter of fiscal 2002 ($1.6 million, net of income taxes), by increasing selling, general and administrative expenses ($2.6 million) and decreasing the provision for income taxes ($1.0 million). (2) For a detailed discussion of restructuring and related charges for the years ended February 29, 2004, and February 28, 2003, see Management’s Discussion and Analysis of Financial Condition and Results of Operations under the captions “Fiscal 2004 Compared to Fiscal 2003 – Restructuring and Related Charges” and “Fiscal 2003 Compared to Fiscal 2002 – Restructuring and Related Charges,” respectively. (3) The Company incurred nonrecurring charges of $5.5 million for the year ended February 29, 2000, related to (i) the closure of a cider production facility within the U.K. Brands and Wholesale segment in the United Kingdom and (ii) a management reorganization within the Popular and Premium Wine segment in the United States. (4) All per share data have been adjusted to give effect to the two-for-one splits of the Company’s two classes of common stock in each of May 2002 and May 2001. (5) Effective March 1, 2002, the Company adopted Statement of Financial Accounting Standards No. 142 (“SFAS No. 142”), “Goodwill and Other Intangible Assets.” For the years ended February 29, 2004, and February 28, 2003, see Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and notes thereto. 23