Blackberry 2004 Annual Report Download - page 34

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32
Research In Motion Limited • Incorporated Under the Laws of Ontario (In thousands of United States dollars, except per share data, and except as otherwise indicated)
consolidated statements of operations
For the year ended February 28, 2004 March 1, 2003 March 2, 2002
US GAAP (note 1)
Revenue $ 594,616 $ 306,732 $ 294,053
Cost of sales 323,365 187,289 209,525
Gross margin 271,251 119,443 84,528
Expenses
Research and development, net of government
funding (note 14) 62,638 55,916 37,446
Selling, marketing and administration (note 20) 108,492 104,978 93,766
Amortization 27,911 22,324 11,803
Restructuring charges (note 15) –6,550 –
Litigation (note 16) 35,187 58,210 –
234,228 247,978 143,015
Earnings (loss) from operations 37,023 (128,535) (58,487)
Investment income 10,606 11,430 25,738
Writedown of investments (note 17) –– (5,350)
Income (loss) before income taxes 47,629 (117,105) (38,099)
Provision for (recovery of) income taxes (note 9)
Current (4,200) 3,513 7,058
Deferred –28,239 (16,836)
(4,200) 31,752 (9,778)
Net income (loss) $ 51,829 $ (148,857) $ (28,321)
Earnings (loss) per share (note 18)
Basic $ 0.65 $ (1.92) $ (0.36)
Diluted $0.62 $(1.92) $(0.36)
See notes to the consolidated financial statements.