Blackberry 2016 Annual Report Download - page 99

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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
31
million). The Company is required to make quarterly interest only payments of approximately $19 million during the
seven years the Debentures are outstanding. Fairfax, a related party, owns $500 million principal amount of Debentures
and receives interest at the same rate as other debenture holders.
In the course of issuing these Debentures in fiscal 2014, the Company incurred costs of $42 million. As the Company has
elected the fair value option for the recording of the Debentures, these costs have been fully expensed in the period in
which they were incurred and are recorded in selling, marketing and administration expenses in the statement of
operations.
11. CAPITAL STOCK
(a) Capital stock
The Company is authorized to issue an unlimited number of non-voting, redeemable, retractable Class A common shares,
an unlimited number of voting common shares and an unlimited number of non-voting, cumulative, redeemable,
retractable preferred shares. As at February 29, 2016 and February 28, 2015, there were no Class A common shares or
preferred shares outstanding.
The following details the changes in issued and outstanding common shares for the years ended February 29, 2016,
February 28, 2015 and March 1, 2014:
Capital Stock and
Additional Paid-in Capital Treasury Stock
Stock
Outstanding
(000’s) Amount
Stock
Outstanding
(000’s) Amount
Common shares outstanding as at March 2, 2013 524,160 $ 2,431 9,020 $ (234)
Exercise of stock options 417 3 — —
Common shares issued for RSU settlements 1,975 — — —
Stock-based compensation —68——
Tax deficiencies related to stock-based
compensation —(13) — —
Purchase of treasury stock — — 1,641 (16)
Treasury shares released for RSU settlements —(71)(3,001) 71
Common shares outstanding as at March 1, 2014 526,552 2,418 7,660 (179)
Exercise of stock options 945 6 — —
Common shares issued for RSU settlements 1,305 — — —
Stock-based compensation —50——
Excess tax benefit related to stock-based
compensation — 8 — —
Sale of treasury stock — — (6,033) 141
Treasury shares released for RSU settlements —(38)(1,627) 38
Common shares outstanding as at February 28, 2015 528,802 2,444 — —
Exercise of stock options 402 3 — —
Common shares issued for RSU settlements 4,320 — — —
Stock-based compensation —60——
Tax deficiencies related to stock-based
compensation —(1) — —
Share repurchase (12,607)(59) — —
Common shares issued for employee share purchase
plan 183 1 — —
Common shares issued on the redemption of
deferred share units 72———
Common shares outstanding as at February 29, 2016 521,172 $ 2,448 $ — $ —