Blackberry 2009 Annual Report Download - page 54

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52
RESEARCH IN MOTION LIMITED
consolidated statements of cash flows
(United States dollars, in thousands)
For the Year Ended
February 28,
2009 March 1,
2008 March 3,
2007
Cash flows from operating activities
Net income $ 1,892,616 $ 1,293,867 $ 631,572
Items not requiring an outlay of cash:
Amortization 327,896 177,366 126,355
Deferred income taxes (36,623) (67,244) 101,576
Income taxes payable (6,897) 4,973 -
Stock-based compensation (note 11(b)) 38,100 33,700 19,063
Other 5,867 3,303 (315)
Net changes in working capital items (note 16(a)) (769,114) 130,794 (142,582)
Net cash provided by operating activities 1,451,845 1,576,759 735,669
Cash flows from financing activities
Issuance of share capital 27,024 62,889 44,534
Additional paid-in capital -9,626 -
Excess tax benefits from stock-based compensation (note 11(b)) 12,648 8,185 6,000
Common shares repurchased pursuant to Common Share Repurchase
Program (note 11(a)) -- (203,933)
Repayment of debt (14,305) (302) (262)
Net cash provided by (used in) financing activities 25,367 80,398 (153,661)
Cash flows from investing activities
Acquisition of long-term investments (507,082) (757,656) (100,080)
Proceeds on sale or maturity of long-term investments 431,713 260,393 86,583
Acquisition of capital assets (833,521) (351,914) (254,041)
Acquisition of intangible assets (687,913) (374,128) (60,303)
Business acquisitions (note 8) (48,425) (6,200) (116,190)
Acquisition of short-term investments (917,316) (1,249,919) (163,147)
Proceeds on sale or maturity of short-term investments 739,021 1,325,487 242,601
Net cash used in investing activities (1,823,523) (1,153,937) (364,577)
Effect of foreign exchange gain (loss) on cash and cash equivalents (2,541) 4,034 173
Net increase (decrease) in cash and cash equivalents for the year (348,852) 507,254 217,604
Cash and cash equivalents, beginning of year 1,184,398 677,144 459,540
Cash and cash equivalents, end of year $ 835,546 $ 1,184,398 $ 677,144
See notes to the consolidated financial statements.