Blackberry 2012 Annual Report Download - page 121

Research In Motion Limited
(United States dollars, in millions)
Consolidated Statements of Cash Flows
See notes to consolidated financial statements.
For the Year Ended
March 3,
2012
February 26,
2011
February 27,
2010
Cash flows from operating activities
Net income $ 1,164 $ 3,411 $ 2,457
Ad
j
ustments to reconcile net income to net cash
p
rovided b
y
o
p
eratin
g
activities:
Amortization 1,523 927 616
Deferred income taxes (5) 92 51
Income taxes
p
a
y
able (21) 2 5
Stoc
k
-based com
p
ensation 97 72 58
Im
p
airment of
g
oodwill 355
—
—
Other 9 1 9
Net chan
g
es in workin
g
ca
p
ital items (21
0
) (496) (161)
Net cash provided by operating activities 2,912 4,009 3,035
Cash flows from investing activities
Acquisition of long-term investments (355) (784) (863)
Proceeds on sale or maturit
y
of lon
g
-term investments 376 893 473
Ac
q
uisition of
p
ro
p
ert
y
,
p
lant and e
q
ui
p
ment (902) (1,039) (1,009)
Ac
q
uisition of intan
g
ible assets (2,217) (557) (421)
Business ac
q
uisitions, net of cash ac
q
uired (226) (494) (143)
Ac
q
uisition of short-term investments (25
0
) (503) (477)
Proceeds on sale or maturit
y
of short-term investments 55
0
786 970
Net cash used in investing activities (3,024) (1,698) (1,470)
Cash flows from financing activities
Issuance of common shares 9 67 30
Tax benefits (deficiencies) related to stoc
k
-based com
p
ensation (2) (1) 2
Purchase of treasur
y
stoc
k
(156) (76) (94)
Common shares re
p
urchased
—
(2,077) (775)
Re
p
a
y
ment of debt
—
—
(6)
Net cash used in financing activities (149) (2,087) (843)
Effect of foreign exchange gain (loss) on cash and cash equivalents (3) 16 (6)
Net increase (decrease) in cash and cash equivalents for the year (264) 24
0
716
Cash and cash equivalents, beginning of year
1,791 1,551 835
Cash and cash equivalents, end of year $1,527 $1,791 $1,551