BlackBerry Reports Q2 FY25 Financials

Ticker: BB · Form: 10-Q · Filed: 2024-09-27T00:00:00.000Z

Sentiment: neutral

Topics: financials, balance-sheet, reporting

TL;DR

BBry's Q2 FY25: Assets $590.7M, Liabilities $589.2M. Tight margins.

AI Summary

BlackBerry Ltd. reported its second quarter results for fiscal year 2025, ending August 31, 2024. The company's financial statements show total assets of $590,727,996 and total liabilities of $589,232,539 as of August 31, 2024. The filing also includes details on common stock, retained earnings, and comprehensive income for the period.

Why It Matters

This filing provides a snapshot of BlackBerry's financial health, including its asset and liability position, which is crucial for investors and stakeholders to assess the company's stability and performance.

Risk Assessment

Risk Level: medium — The company's total liabilities are very close to its total assets, indicating a potentially tight financial position.

Key Numbers

Key Players & Entities

FAQ

What was BlackBerry's total revenue for the second quarter of fiscal year 2025?

The provided snippet does not contain information on total revenue for the second quarter of fiscal year 2025.

What is the net income or loss for BlackBerry in the reported period?

The provided snippet does not contain information on net income or loss for the period ending August 31, 2024.

What are the specific components of BlackBerry's total assets and liabilities?

The snippet lists total assets as $590,727,996 and total liabilities as $589,232,539 as of August 31, 2024, but does not detail the specific components.

What is the fiscal year end for BlackBerry Ltd?

BlackBerry Ltd.'s fiscal year end is February 28, as indicated in the filing.

What was the company's financial position at the end of the previous fiscal year?

The filing provides data for the period ending August 31, 2024, but does not explicitly state the financial position at the end of the previous fiscal year (February 28, 2024).

Filing Stats: 4,886 words · 20 min read · ~16 pages · Grade level 20 · Accepted 2024-09-27 16:34:55

Filing Documents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Financial Statements

Item 1 Financial Statements Consolidated Balance Sheets as of August 31, 2024 (unaudited) and February 29, 2024 5 Consolidated Statements of Shareholders' Equity - Three and Six Months Ended August 31, 2024 and 2023 (unaudited) 7 Consolidated Statements of Operations - Three and Six Months Ended August 31, 2024 and 2023 (unaudited) 8 Consolidated Statements of Comprehensive Loss - Three and Six Months Ended August 31, 2024 and 2023 (unaudited) 9 Consolidated Statements of Cash Flows - Six Months Ended August 31, 2024 and 2023 (unaudited) 10 Notes to the Consolidated Financial Statements 11

Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Quantitative and Qualitative Disclosures about Market Risk 55

Item 3 Quantitative and Qualitative Disclosures about Market Risk 55

Controls and Procedures 56

Item 4 Controls and Procedures 56

OTHER INFORMATION

PART II OTHER INFORMATION

Legal Proceedings 56

Item 1 Legal Proceedings 56

Other Information 56

Item 5 Other Information 56

Exhibits 56

Item 6 Exhibits 56 Signatures 58 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 August 31, 2024 February 29, 2024 Assets Current Cash and cash equivalents (note 2) $ 171 $ 175 Short-term investments (note 2) 40 62 Accounts receivable, net of allowance of $ 6 and $ 6 , respectively (note 3) 150 199 Other receivables (note 3) 21 21 Income taxes receivable 4 4 Other current assets (note 3) 52 47 438 508 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 32 32 Property, plant and equipment, net (note 3) 17 21 Intangible assets, net (note 3) 136 154 Goodwill (note 3) 563 562 $ 1,299 $ 1,395 Liabilities Current Accounts payable $ 7 $ 17 Accrued liabilities (note 3) 109 117 Income taxes payable (note 4) 28 28 Deferred revenue, current (note 10) 161 194 305 356 Deferred revenue, non-current (note 10) 28 28 Operating lease liabilities 38 38 Other long-term liabilities 1 3 Long-term notes (note 5) 195 194 567 619 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 - 590,727,996 voting common shares (February 29, 2024 - 589,232,539 ) 2,964 2,948 Deficit ( 2,219 ) ( 2,158 ) Accumulated other comprehensive loss (note 8) ( 13 ) ( 14 ) 732 776 $ 1,299 $ 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' Equ

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