Blackberry 2012 Annual Report Download - page 206

Research In Motion Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Summary Results of Operations
Three months ended March 3, 2012 compared to the three months ended February 26, 2011
The following table sets forth certain unaudited consolidated statement of operations data, which is expressed in millions of dollars,
except for share and per share amounts and as a percentage of revenue, for the three months ended March 3, 2012 and February 26,
2011:
36
For the Three Months Ended
March 3, 2012 Februar
y
26, 2011
Change
Q4 Fiscal
2012/2011
(in millions, except for share and per share amounts)
Revenue $4,19
0
100.0% $5,556 100.
0
% $(1,366)
Cost of sales
2,789 66.6% 3,103 55.8% (314)
Gross mar
g
in 1,401 33.4% 2,453 44.2% (1,052)
O
p
eratin
g
ex
p
enses
Research and develo
p
ment 386 9.2% 383 6.9% 3
Sellin
g
, marketin
g
and administration 65
0
15.5% 705 12.7% (55)
Amortization 152 3.6% 125 2.2% 27
Im
p
airment of Goodwill 355 8.5%
—
—
355
1,543 36.8% 1,213 21.8% 330
Income/ (Loss) from o
p
erations (142) (3.4%) 1,24
0
22.3% (1,382)
Investment income 5 0.1% 3 0.1% 2
Income/ (Loss) before income taxes (137) (3.3%) 1,243 22.4% (1,380)
Provision for/ (recover
y
of) income taxes (12) (0.3%) 309 5.6% (321)
Net income/ (loss) $ (125) (3.0%) $ 934 16.8% $ (1,059)
Earnin
g
s/ (Loss)
p
er share
Basic $ (0.24) $ 1.79 $ (2.03)
Diluted $(0.24) $1.78 $(2.02)
Wei
g
hted-avera
g
e number of shares outstandin
g
(00
0
’s)
Basic 524,16
0
522,764
Diluted 524,16
0
524,334