Blackberry 2000 Annual Report Download - page 21

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Consolidated Statements of Operations and Retained Earnings
February 29, February 28, February 28,
For the year ended 2000 1999 1998
(restated in U.S. dollars – see note 1(c))
Revenue $ 84,967 $ 47,342 $ 20,901
Cost of sales 48,574 28,767 14,404
Gross margin 36,393 18,575 6,497
Expenses
Research and development (net of government funding) (note 10) 7,738 4,382 2,985
Selling, marketing and administration 13,904 6,546 2,738
Amortization 4,683 2,783 1,472
26,325 13,711 7,195
Income (loss) from operations 10,068 4,864 (698)
Investment income 5,968 3,790 1,319
Income before income taxes 16,036 8,654 621
Provision for income taxes (note 5)
Current 1,888 2,245 259
Deferred 3,650 ––
5,538 2,245 259
Net income 10,498 6,409 362
Retained earnings, beginning of the year 7,632 1,223 1,123
Capital dividend paid – – (262)
Retained earnings, end of the year $ 18,130 $ 7,632 $ 1,223
Earnings per share
Basic $ 0.16 $ 0.10 $ 0.01
Fully diluted $ 0.15 $ 0.10 $ 0.01
See notes to the consolidated financial statements.
19
Research In Motion Limited ■Incorporated Under the Laws of Ontario ■United States dollars, in thousands except per share data