Blackberry 2007 Annual Report Download - page 66

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64
For the Year Ended
March 3,
2007 March 4,
2006 February 26,
2005
(Restated - note 4) (Restated - note 4)
Cash flows from operating activities
Net income $ 631,572 $ 374,656 $ 205,612
Items not requiring an outlay of cash:
Amortization 126,355 85,873 66,760
Deferred income taxes 101,576 77,154 (144,642)
Share-based payment (note 4) 19,063 2,551 2,899
Other (315) 507 (137)
Net changes in working capital items (note 18(a)) (142,582) (390,650) 147,490
Net cash provided by operating activities 735,669 150,091 277,982
Cash flows from financing activities
Issuance of share capital 44,534 23,269 54,151
Excess tax benefits from share-based compensation (note 12(b)) 6,000 — —
Common shares repurchased pursuant to Common Share Repurchase
Program (note 12(a)) (203,933) (391,212) -
Repayment of long-term debt (262) (229) (199)
Net cash provided by (used in) financing activities (153,661) (368,172) 53,952
Cash flows from investing activities
Acquisition of investments (100,080) (103,179) (615,098)
Proceeds on sale or maturity of investments 86,583 61,495 18,385
Acquisition of capital assets (254,041) (178,732) (109,363)
Acquisition of intangible assets (60,303) (23,702) (17,061)
Business acquisitions (note 9) (116,190) (3,795) (3,888)
Acquisition of short-term investments (163,147) (199,194) (227,072)
Proceeds on sale or maturity of short-term investments 242,601 514,431 76,022
Net cash provided by (used in) investing activities (364,577) 67,324 (878,075)
Effect of foreign exchange loss (gain) on cash and cash equivalents 173 (57) 76
Net increase (decrease) in cash and cash equivalents for the year 217,604 (150,814) (546,065)
Cash and cash equivalents, beginning of year 459,540 610,354 1,156,419
Cash and cash equivalents, end of year $ 677,144 $ 459,540 $ 610,354
See notes to the consolidated financial statements.
RESEARCH IN MOTION LIMITED
consolidated statements of cash flows
(United States dollars, in thousands)