Blackberry 2016 Annual Report Download - page 103

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BlackBerry Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
35
12. EARNINGS (LOSS) PER SHARE
The following table sets forth the computation of basic and diluted loss per share:
For the Years Ended
February 29, 2016 February 28, 2015 March 1, 2014
Net loss for basic and diluted loss per share available to common
shareholders $(208) $ (304) $ (5,873)
Less: Debentures fair value adjustment (1) (2) (430) — —
Add: interest expense on Debentures (1) (2) 75 — —
Net loss for diluted loss per share available to common shareholders $(563) $ (304) $ (5,873)
Weighted average number of shares outstanding (000’s) - basic and
diluted (2) 526,303 527,684 525,168
Effect of dilutive securities (000’s) (3)
Conversion of Debentures (1) (2) 125,000 — —
Weighted average number of shares and assumed conversions (000’s)
- diluted 651,303 527,684 525,168
Loss per share - reported
Basic $(0.40) $ (0.58) $ (11.18)
Diluted $(0.86) $ (0.58) $ (11.18)
______________________________
(1) The Company has not presented the dilutive effect of the Debentures using the if-converted method in the calculation of
loss per share for the years ended February 28, 2015 and March 1, 2014, as to do so would be antidilutive. See Note 10 for
details on the Debentures.
(2) The Company has presented the dilutive effect of the Debentures using the if-converted method, assuming conversion
at the beginning of fiscal 2016 for the year ended February 29, 2016. Accordingly, to calculate diluted loss per share, the
Company adjusted net loss by eliminating the Fiscal 2016 Debentures fair value adjustments and interest expense incurred
on the Debentures in the year ended February 29, 2016, and added the number of shares that would have been issued upon
conversion to the diluted weighted average number of shares outstanding. See Note 10 for details on the Debentures.
(3) The Company has not presented the dilutive effect of in-the-money options or RSUs that will be settled upon vesting by
the issuance of new common shares in the calculation of loss per share for the years ended February 29, 2016, February
28, 2015 and March 1, 2014, as to do so would be antidilutive. As at February 29, 2016, there were 811,996 options and
27,669,815 RSUs outstanding that were in-the-money and may have a dilutive effect on earnings (loss) per share in future
periods.
13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The components of accumulated other comprehensive loss are as follows:
As at
February 29, 2016 February 28, 2015 March 1, 2014
Accumulated net unrealized gains on available-for-sale investments $ 3 $ 3 $ 1
Accumulated net unrealized losses on derivative instruments
designated as cash flow hedges, net of tax (1)(26) (9)
Foreign currency cumulative translation adjustment (10)——
Accumulated other comprehensive loss $(8) $ (23) $ (8)