Blackberry 2012 Annual Report Download - page 216

Research In Motion Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Financial Condition
L
iquidity and Capital Resources
Cash, cash equivalents, and investments decreased by $587 million to $2.1 billion as at March 3, 2012 from $2.7 billion as at
February 26, 2011. The majority of the Company’s cash, cash equivalents, and investments are denominated in U.S. dollars as at
March 3, 2012. Cash, cash equivalents, and investments increased by $609 million in the fourth quarter of fiscal 2012.
A comparative summary of cash, cash equivalents, and investments is set out below:
The decrease in cash, cash equivalents, and investments is primarily due to net cash flows used in investing activities, which were
partially offset by net cash flows provided by operating activities, as set out below:
46
As at
(in millions)
March 3,
2012
February 26,
2011 Change
Cash and cash equivalents
$1,527 $1,791 $(264)
Short-term investments
247 330 (83)
Lon
g
-term investments 337 577 (24
0
)
Cash, cash e
q
uivalents, and investments $2,111 $ 2,698 $(587)
For the Fiscal Year Ended
(in millions)
March 3,
2012
February 26,
2011
Net cash flows
p
rovided b
y
(used in):
O
p
eratin
g
activities $ 2,912 $ 4,009
Investin
g
activities (3,024) (1,698)
Financin
g
activities (149) (2,087)
Effect of forei
g
n exchan
g
e
g
ain (loss) on cash and cash e
q
uivalents (3) 16
Net increase in cash and cash e
q
uivalents (264) $24
0