BlackBerry Q1 2025: Assets $590M, Liabilities $589M
Ticker: BB · Form: 10-Q · Filed: 2024-06-27T00:00:00.000Z
Sentiment: neutral
Topics: financials, balance-sheet, quarterly-report
Related Tickers: RIMM
TL;DR
BBRY Q1 2025: Assets $590M, Liabilities $589M. Tight balance sheet.
AI Summary
BlackBerry Ltd. filed its 10-Q for the period ending May 31, 2024. The company reported total assets of $590,171,424 and total liabilities of $589,232,539. This filing covers the first quarter of their 2025 fiscal year.
Why It Matters
This filing provides a snapshot of BlackBerry's financial health at the end of Q1 2025, indicating a very narrow margin between total assets and liabilities.
Risk Assessment
Risk Level: medium — The near-parity between total assets and liabilities suggests a potentially tight financial position for BlackBerry.
Key Numbers
- $590.17M — Total Assets (As of May 31, 2024)
- $589.23M — Total Liabilities (As of May 31, 2024)
Key Players & Entities
- BLACKBERRY Ltd (company) — Filer of the 10-Q
- 20240531 (date) — End of reporting period
- $590,171,424 (dollar_amount) — Total assets
- $589,232,539 (dollar_amount) — Total liabilities
- 2025 Q1 (date) — Fiscal quarter reported
FAQ
What was BlackBerry's total revenue for the first quarter of fiscal year 2025?
The provided excerpt does not contain specific revenue figures for the first quarter of fiscal year 2025.
What is the company's net income or loss for the period ending May 31, 2024?
The filing excerpt does not detail net income or loss for the period ending May 31, 2024.
What were the primary drivers of the company's asset and liability figures?
The excerpt does not provide details on the specific components of total assets and liabilities.
Does BlackBerry have any outstanding debt mentioned in this filing?
This excerpt does not specify details about outstanding debt.
What is the company's cash and cash equivalents balance as of May 31, 2024?
The provided text does not list the cash and cash equivalents balance.
Filing Stats: 4,839 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-06-27 16:18:10
Filing Documents
- bbry-20240531.htm (10-Q) — 1421KB
- bb-05312024x10qexhibit311.htm (EX-31.1) — 10KB
- bb-05312024x10qexhibit312.htm (EX-31.2) — 10KB
- bb-05312024x10qexhibit321.htm (EX-32.1) — 4KB
- bb-05312024x10qexhibit322.htm (EX-32.2) — 4KB
- 0001070235-24-000095.txt ( ) — 7867KB
- bbry-20240531.xsd (EX-101.SCH) — 71KB
- bbry-20240531_cal.xml (EX-101.CAL) — 70KB
- bbry-20240531_def.xml (EX-101.DEF) — 288KB
- bbry-20240531_lab.xml (EX-101.LAB) — 697KB
- bbry-20240531_pre.xml (EX-101.PRE) — 476KB
- bbry-20240531_htm.xml (XML) — 1210KB
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements
Item 1 Financial Statements Consolidated Balance Sheets as of May 31, 2024 (unaudited) and February 29, 2024 5 Consolidated Statements of Shareholders' Equity - Three Months Ended May 31, 2024 and 2023 (unaudited) 6 Consolidated Statements of Operations - Three Months Ended May 31, 2024 and 2023 (unaudited) 7 Consolidated Statements of Comprehensive Loss - Three Months Ended May 31, 2024 and 2023 (unaudited) 8 Consolidated Statements of Cash Flows - Three Months Ended May 31, 2024 and 2023 (unaudited) 9 Notes to the Consolidated Financial Statements 10
Management's Discussion and Analysis of Financial Condition and Results of Operations 27
Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 27
Quantitative and Qualitative Disclosures about Market Risk 45
Item 3 Quantitative and Qualitative Disclosures about Market Risk 45
Controls and Procedures 46
Item 4 Controls and Procedures 46
OTHER INFORMATION
PART II OTHER INFORMATION
Legal Proceedings 46
Item 1 Legal Proceedings 46
Other Information 47
Item 5 Other Information 47
Exhibits 47
Item 6 Exhibits 47 Signatures 48 3 Unless the context otherwise requires, all references to the "Company" and "BlackBerry" include BlackBerry Limited and its subsidiaries.
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS 4 BlackBerry Limited Incorporated under the Laws of Ontario (United States dollars, in millions) (unaudited) Consolidated Balance Sheets As at May 31, 2024 February 29, 2024 Assets Current Cash and cash equivalents (note 2) $ 143 $ 175 Short-term investments (note 2) 86 62 Accounts receivable, net of allowance of $ 5 and $ 6 , respectively (note 3) 148 199 Other receivables (note 3) 21 21 Income taxes receivable 3 4 Other current assets (note 3) 57 47 458 508 Restricted cash and cash equivalents (note 2) 17 25 Long-term investments (note 2) 37 36 Other long-term assets (note 3) 59 57 Operating lease right-of-use assets, net 27 32 Property, plant and equipment, net (note 3) 19 21 Intangible assets, net (note 3) 145 154 Goodwill (note 3) 561 562 $ 1,323 $ 1,395 Liabilities Current Accounts payable $ 6 $ 17 Accrued liabilities (note 3) 112 117 Income taxes payable (note 4) 29 28 Deferred revenue, current (note 10) 174 194 321 356 Deferred revenue, non-current (note 10) 32 28 Operating lease liabilities 33 38 Other long-term liabilities 1 3 Long-term notes (note 5) 194 194 581 619 Commitments and contingencies (note 9) Shareholders' equity Capital stock and additional paid-in capital Preferred shares: authorized unlimited number of non-voting, cumulative, redeemable and retractable — — Common shares: authorized unlimited number of non-voting, redeemable, retractable Class A common shares and unlimited number of voting common shares Issued and outstanding - 590,171,424 voting common shares (February 29, 2024 - 589,232,539 ) 2,957 2,948 Deficit ( 2,200 ) ( 2,158 ) Accumulated other comprehensive loss (note 8) ( 15 ) ( 14 ) 742 776 $ 1,323 $ 1,395 See notes to consolidated financial statements. On behalf of the Board: John Giamatteo Lisa Disbrow Director Director 5 BlackBerry Limited (United States dollars, in millions) (unaudited) Consolidated Statements of Shareholders' Equity