Blackberry 2007 Annual Report Download - page 40

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38
RESEARCH IN MOTION LIMITED
management’s discussion and analysis of financial
condition and results of operations continued
FOR THE THREE MONTHS AND FISCAL YEAR ENDED MARCH 3, 2007
Fiscal Year 2007 Fiscal Year 2006
Fourth
Quarter Third
Quarter Second
Quarter First
Quarter
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(restatement) (1)
(in thousands, except per share data)
Revenue $ - $ - $ - $ - $ - $ - $ - $ -
Gross margin $ - $ - $ - $ (119) $ (142) $ (76) $ (61) $ (104)
Research and development, Selling,
marketing and administration, and
Amortization - - - 1,007 1,497 781 779 1,098
Litigation (2) - - - - ----
Investment income - - - - - - - -
Income before income taxes - - - (1,126) (1,639) (857) (840) (1,202)
Provision for (recovery of) income
taxes (3) - - - (197) 1,120 485 928 351
Impact on Net income $ - $ - $ - $ (929) $ (2,759) $ (1,342) $ (1,768) $ (1,553)
Impact on Earnings per share
Basic $ - $ - $ - $ (0.01) $ (0.02) $ - $ (0.01) $ (0.01)
Diluted $ - $ - $ - $ (0.01) $ (0.02) $ (0.01) $ (0.01) $ (0.01)
Research and development $ - $ - $ - $ 304 $ 471 $ 232 $ 212 $ 343
Selling, marketing and administration - - - 703 1,026 549 567 755
Amortization - - - - ----
$ - $ - $ - $ 1,007 $ 1,497 $ 781 $ 779 $ 1,098
Notes:
(1) See “Explanatory Note Regarding Restatement of Previously Issued Financial Statements” and note 4 to the Consolidated Financial
Statements.
(2) See “Results of Operations – Litigation” and note 13(b) to the Consolidated Financial Statements.
(3) See “Results of Operations – Income Taxes” and note 10 to the Consolidated Financial Statements.
Fiscal Year 2007 Fiscal Year 2006
Fourth
Quarter Third
Quarter Second
Quarter First
Quarter
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(as restated) (1)
(in thousands, except per share data)
Revenue $ 930,393 $ 835,053 $ 658,541 $ 613,116 $ 561,219 $ 560,596 $ 490,082 $ 453,948
Gross margin $ 497,358 $ 452,631 $ 370,085 $ 337,728 $ 308,511 $ 312,669 $ 268,954 $ 250,113
Research and development, Selling,
marketing and administration, and
Amortization 256,454 228,087 190,582 175,851 152,991 139,110 122,268 108,786
Litigation (2) - - - - 162,500 26,176 6,640 6,475
Investment income (14,794) (12,666) (12,606) (12,051) (19,219) (17,483) (15,700) (13,816)
Income before income taxes 255,698 237,210 192,109 173,928 12,239 164,866 155,746 148,668
Provision for (recovery of) income
taxes (3) 68,314 62,018 51,957 45,084 (3,356) 46,059 46,459 17,701
Net income $ 187,384 $ 175,192 $ 140,152 $ 128,844 $ 15,595 $ 118,807 $ 109,287 $ 130,967
Earnings per share
Basic $ 1.01 $ 0.95 $ 0.76 $ 0.69 $ 0.08 $ 0.63 $ 0.57 $ 0.69
Diluted $ 0.98 $ 0.92 $ 0.74 $ 0.67 $ 0.08 $ 0.60 $ 0.55 $ 0.66
Research and development $ 67,321 $ 61,184 $ 55,846 $ 51,822 $ 44,322 $ 41,799 $ 37,889 $ 34,877
Selling, marketing and administration 167,112 146,569 116,283 107,958 93,347 84,514 72,830 63,626
Amortization 22,021 20,334 18,453 16,071 15,322 12,797 11,549 10,283
$ 256,454 $ 228,087 $ 190,582 $ 175,851 $ 152,991 $ 139,110 $ 122,268 $ 108,786
Notes:
(1) See “Explanatory Note Regarding Restatement of Previously Issued Financial Statements” and note 4 to the Consolidated Financial
Statements.
(2) See “Results of Operations – Litigation” and note 13(b) to the Consolidated Financial Statements.
(3) See “Results of Operations – Income Taxes” and note 10 to the Consolidated Financial Statements.