Blackberry 1999 Annual Report Download - page 25

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Statements of Cash Flows
For the years ended February 28, 1999 1998 1997
Cash Flows from Operating Activities
Net income for the year $ 9,541 $ 540 $ 44
Item not requiring an outlay of cash:
Amortization 4,144 2,192 566
Deferred income taxes – – (118)
13,685 2,732 492
Net changes in non-cash working capital items related to operations:
Amounts receivable (3,678) (3,909) (7,475)
Inventory (14,098) 445 (11,595)
Prepaid expenses (5,631) (83) (56)
Accounts payable and accrued liabilities 9,190 185 894
Income taxes payable 1,094 321 (93)
Deferred revenue 1,897 618 110
2,459 309 (17,723)
Cash Flows from Financing Activities
Income tax reduction resulting from financing costs 775 306 –
Government funding received to offset capital asset acquisitions 430 295 632
Issuance of share capital 73 116,890 39,115
Financing costs (390) (8,059) (2,254)
Repayment of loans payable –(1,480) (1,799)
Capital dividend paid –(390) –
Repayments to shareholders – – (750)
888 107,562 34,944
Cash Flows from Investing Activities
Acquisition of marketable securities (115,576) (13,011) –
Proceeds on sale and maturity of marketable securities 43,732 – –
Acquisition of capital assets (13,191) (8,328) (8,277)
(85,035) (21,339) (8,277)
Net Increase (Decrease) in Cash and Cash Equivalents for the Year (81,688) 86,532 8,944
Cash and Cash Equivalents, Beginning of the Year 96,008 9,476 532
Cash and Cash Equivalents, End of the Year $ 14,320 $ 96,008 $ 9,476
Cash and Cash Equivalents are Represented by:
Balances with banks $ 1,863 $ 2,607 $ (24)
Short-term investments 12,457 93,401 9,500
Total cash and cash equivalents $ 14,320 $ 96,008 $ 9,476
See accompanying notes.
23
RESEARCH IN MOTION LIMITED
Incorporated Under the Laws of Ontario
Canadian dollars, in thousands, except for earnings per share