Blackberry 2013 Annual Report Download - page 214

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 increased by $764 million to $2.9 billion as at March 2, 2013 from $2.1 billion as at March 3,
2012. The majority of the Company’s cash, cash equivalents, and investments are denominated in U.S. dollars as at March 2, 2013.
A comparative summary of cash, cash equivalents, and investments is set out below:
The change in cash and cash equivalents is primarily due to net cash flows provided by operating activities, partially offset by net
cash flows used in investing activities, as set out below:
Cash flows for the fiscal year ended March 2, 2013
Operating Activities
Net cash flows provided by operating activities were $2.3 billion for fiscal 2013 compared to net cash flows provided by operating
activities of $2.9 billion in fiscal 2012. The decrease was mainly attributable to lower net income compared to the same period in the
prior fiscal year, which was partially offset by changes net in working capital.
49
As at
(in millions)
March 2, 2013 March 3, 2012 Change
Cash and cash equivalents
$1,549 $1,527 $22
Short-term investments
1,105 247 858
Lon
g
-term investments
221 337 (116)
Cash, cash e
q
uivalents, and investments
$ 2,875 $ 2,111 $ 764
For the Fiscal Year Ended
(in millions)
March 2, 2013 March 3, 2012
Net cash flows
p
rovided b
y
(used in):
O
p
eratin
g
activities $ 2,303 $ 2,912
Investin
g
activities (2,24
0
) (3,024)
Financin
g
activities (36) (149)
Effect of foreign exchange gain (loss) on cash and cash
e
q
uivalents
(5) (3)
Net increase (decrease) in cash and cash e
q
uivalents $ 22 $ (264)