Blackberry 1998 Annual Report Download - page 23

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21
For the year ended February 28, 1998 1997
Cash Provided by (Used in) Operations
Net income for the year $ 539,965 $ 43,737
Items not requiring an outlay (providing an inflow) of cash:
Amortization 2,191,956 566,650
Deferred income taxes ___ (117,847)
2,731,921 492,540
Net changes in non-cash working capital items related to operations:
Amounts receivable (3,909,347) (7,475,476)
Accounts payable and accrued liabilities 505,953 800,820
Inventory 444,923 (11,595,041)
Prepaid expenses (82,522) (56,216)
Deferred revenue 618,116 109,990
309,044 (17,723,383)
Cash Provided by (Used in) Financing Activities
Issuance of share capital 116,890,309 39,114,696
Share issue costs (8,058,878) (2,253,717)
Income tax reduction resulting from share issue costs 306,000 ___
Repayment of loans payable (1,480,364) (1,799,317)
Government funding received to offset capital asset acquisitions 295,000 631,886
Dividends paid (389,732) ___
Repayments to shareholders ___ (750,000)
107,562,335 34,943,548
Cash Used in Investing Activities
Acquisition of capital assets (8,327,802) (8,276,662)
Increase in Cash and Short-Term Investments for the Year 99,543,577 8,943,503
Cash and Short-Term Investments, Beginning of the Year 9,475,677 532,174
Cash and Short-Term Investments, End of the Year $ 109,019,254 $ 9,475,677
See accompanying notes.
RESEARCH IN MOTION Incorporated Under the Laws of Ontario
Statements of Changes in Financial Position