Blackberry 2011 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2011 Blackberry annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 95

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95

Financials
Management’s Discussion and Analysis of Financial Condition and Results of Operations 7
Cautionary Note Regarding Forward – Looking Statements 7
Overview 8
Fiscal 2011 Operating Results – Executive Summary 10
Critical Accounting Policies and Estimates 12
Impact of Accounting Pronouncements Not Yet Implemented 17
Independent Governance Review 18
Results of Operations — Fiscal 2011 Compared to Fiscal 2010 and Fiscal 2009 18
Fiscal year ended February 26, 2011 compared to fiscal year ended February 27, 2010 18
Revenue 18
Gross Margin 19
Research and Development Expenses 20
Selling, Marketing and Administration Expenses 20
Amortization Expense 20
Litigation Expense 21
Investment Income 21
Income Taxes 21
Net Income 22
Common Shares Outstanding 22
Fiscal year end February 27, 2010 compared to fiscal year ended February 28, 2009 22
Summary Results of Operations – Three months ended February 26, 2011 compared to three months ended
February 27, 2010 27
Selected Quarterly Financial Data 31
Financial Condition 31
Legal Proceedings 35
Market Risk of Financial Instruments 39
Disclosure Controls and Procedures and Internal Controls 40
Management’s Responsibility for Financial Reporting 42
Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting 43
Report of Independent Registered Public Accounting Firm 44
Consolidated Balance Sheets 45
Consolidated Statements of Shareholders’ Equity 46
Consolidated Statements of Operations 47
Consolidated Statements of Cash Flows 48
Notes to the Consolidated Financial Statements 49
Corporate Information
Shareholder Information
6RESEARCH IN MOTION ANNUAL REPORT 2011