Blackberry 2015 Annual Report Download - page 75
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BlackBerry Limited
(United States dollars, in millions)
Consolidated Statements of Cash Flows
For the Year Ended
February 28,
2015 March 1,
2014 March 2,
2013
Cash flows from operating activities
Loss from continuing operations $ (304) $ (5,873) $ (628)
Loss from discontinued operations — — (18)
Net loss (304) (5,873) (646)
Adjustments to reconcile net loss to net cash provided by (used in) operating
activities:
Amortization 694 1,270 1,918
Deferred income taxes 62 (149) 87
Stock-based compensation 50 68 86
Impairment of long-lived assets — 2,748 —
Impairment of goodwill — — 335
Loss on disposal of property, plant and equipment 135 107 28
Debentures fair value adjustment 80 377 —
Other 37 34 8
Net changes in working capital items
Accounts receivable, net 469 1,381 709
Other receivables 55 124 218
Inventories 123 359 426
Income tax receivable, net 204 224 (463)
Other current assets 116 (26) (177)
Accounts payable (240) (590) 296
Accrued liabilities (550) (251) (801)
Deferred revenue (118) 38 279
Net cash provided by (used in) operating activities 813 (159) 2,303
Cash flows from investing activities
Acquisition of long-term investments (802) (229) (296)
Proceeds on sale or maturity of long-term investments 515 284 227
Acquisition of property, plant and equipment (87) (283) (418)
Proceeds on sale of property, plant and equipment 348 49 5
Acquisition of intangible assets (421) (1,080) (1,005)
Business acquisitions, net of cash acquired (119) (7) (60)
Acquisition of short-term investments (2,949) (1,699) (1,472)
Proceeds on sale or maturity of short-term investments 2,342 1,925 779
Net cash used in investing activities (1,173) (1,040) (2,240)
Cash flows from financing activities
Issuance of common shares 6 3 —
Excess tax benefit related to stock-based compensation 8 (13) (11)
Sale (purchase) of treasury stock 61 (16) (25)
Issuance of debt — 1,250 —
Transfer to restricted cash (59) — —
Net cash provided by (used in) financing activities 16 1,224 (36)
Effect of foreign exchange gain (loss) on cash and cash equivalents (2) 5 (5)
Net increase (decrease) in cash and cash equivalents for the year (346) 30 22
Cash and cash equivalents, beginning of year 1,579 1,549 1,527
Cash and cash equivalents, end of year $ 1,233 $ 1,579 $ 1,549
See notes to consolidated financial statements.