Blackberry 2002 Annual Report Download - page 20

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CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
FOR THE YEAR ENDED MARCH 2, 2002 FEBRUARY 28, 2001,FEBRUARY 29, 2000
Revenue $ 294,053 $ 221,327 $ 84,967
Cost of sales 195,493 133,852 48,574
Gross margin 98,560 87,475 36,393
Expenses
Research and development (net of government funding) (note 11[a]) 37,446 18,281 7,738
Selling, marketing and administration 102,359 65,200 13,904
Amortization 17,485 8,645 4,683
157,290 92,126 26,325
Income (loss) from operations (58,730) (4,651) 10,068
Investment income 25,738 22,921 5,968
Income (loss) before write-down of investments and income taxes (32,992) 18,270 16,036
Write-down of investments (note 12) 5,350 14,750 –
Income (loss) before income taxes (38,342) 3,520 16,036
Provision for (recovery of) income taxes (note 7)
Current 7,058 4,720 1,888
Future (16,921) 5,011 3,650
(9,863) 9,731 5,538
Net income (loss) (28,479) (6,211) 10,498
Retained earnings, beginning of period 11,919 18,130 7,632
Common shares repurchased in excess of carrying amount (note 9[a]) (1,445) ––
Retained earnings (deficit), end of period $ (18,005) $ 11,919 $ 18,130
Earnings (loss) per share (note 13)
Basic $ (0.36) $ (0.08) $ 0.16
Diluted $ (0.36) $ (0.08) $ 0.14
See notes to the consolidated financial statements.
RESEARCH IN MOTION LIMITED INCORPORATED UNDER THE LAWS OF ONTARIO. UNITED STATES DOLLARS, IN THOUSANDS EXCEPT PER SHARE DATA.
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