Blackberry 2001 Annual Report Download - page 24

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Research In Motion Limited >Incorporated Under the Laws of Ontario >United States dollars, in thousands except per share data
Consolidated Statements of Operations and Retained Earnings
For the year ended February 28, 2001 February 29, 2000,February 28, 1999
Revenue $ 221,327 $ 84,967 $ 47,342
Cost of sales 133,852 48,574 28,767
Gross margin 87,475 36,393 18,575
Expenses
Research and development (net of government funding) (note 10[a]) 18,281 7,738 4,382
Selling, marketing and administration 65,200 13,904 6,546
Amortization 8,645 4,683 2,783
92,126 26,325 13,711
Income (loss) from operations (4,651) 10,068 4,864
Investment income 22,921 5,968 3,790
Income before write-down of long-term investments and income taxes 18,270 16,036 8,654
Write-down of long-term investments (note 11) 14,750 ––
Income before income taxes 3,520 16,036 8,654
Provision for income taxes (note 6)
Current 4,720 1,888 2,245
Future 5,011 3,650 –
9,731 5,538 2,245
Net income (loss) (6,211) 10,498 6,409
Retained earnings, beginning of year 18,130 7,632 1,223
Retained earnings, end of year $ 11,919 $ 18,130 $ 7,632
Earnings (loss) per share (note 12)
Basic $ (0.08) $ 0.16 $ 0.10
Diluted $ (0.08) $ 0.14 $ 0.10
See notes to the consolidated financial statements.
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