BLACKBERRY Ltd 10-Q Filing

Ticker: BB · Form: 10-Q · Filed: 2024-12-20T00:00:00.000Z

Sentiment: neutral

Filing Stats: 4,841 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-12-20 16:19:25

Key Financial Figures

Filing Documents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Financial Statements

Item 1 Financial Statements Consolidated Balance Sheets as of November 30, 2024 (unaudited) and February 29, 2024 5 Consolidated Statements of Shareholders' Equity - Three and Nine Months Ended November 30, 2024 and 2023 (unaudited) 7 Consolidated Statements of Operations - Three and Nine Months Ended November 30, 2024 and 2023 (unaudited) 8 Consolidated Statements of Comprehensive Loss - Three and Nine Months Ended November 30, 2024 and 2023 (unaudited) 9 Consolidated Statements of Cash Flows - Nine Months Ended November 30, 2024 and 2023 (unaudited) 10 Notes to the Consolidated Financial Statements 11

Management's Discussion and Analysis of Financial Condition and Results of Operations 34

Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 34

Quantitative and Qualitative Disclosures about Market Risk 65

Item 3 Quantitative and Qualitative Disclosures about Market Risk 65

Controls and Procedures 66

Item 4 Controls and Procedures 66

OTHER INFORMATION

PART II OTHER INFORMATION

Legal Proceedings 66

Item 1 Legal Proceedings 66

Exhibits 67

Item 6 Exhibits 67 Signatures 68 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 November 30, 2024 February 29, 2024 Assets Current Cash and cash equivalents (note 3) $ 189 $ 175 Short-term investments (note 3) 31 62 Accounts receivable, net of allowance of $ 6 and $ 6 , respectively (note 4) 161 179 Other receivables (note 4) 6 19 Income taxes receivable 5 4 Other current assets (note 4) 39 32 Assets held for sale, current (note 2) 24 37 455 508 Restricted cash and cash equivalents (note 3) 11 25 Long-term investments (note 3) 35 36 Other long-term assets (note 4) 73 54 Operating lease right-of-use assets, net 21 22 Property, plant and equipment, net (note 4) 14 19 Intangible assets, net (note 4) 51 58 Goodwill (note 4) 473 475 Assets held for sale, non-current (note 2) 176 198 $ 1,309 $ 1,395 Liabilities Current Accounts payable $ 9 $ 16 Accrued liabilities (note 4) 97 100 Income taxes payable (note 5) 33 28 Deferred revenue, current (note 11) 133 148 Liabilities held for sale, current (note 2) 60 64 332 356 Deferred revenue, non-current (note 11) 10 15 Operating lease liabilities 19 19 Other long-term liabilities 1 3 Long-term notes (note 6) 195 194 Liabilities held for sale, non-current (note 2) 27 32 584 619 Commitments and contingencies (note 10) 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 - 591,583,200 voting common shares (February 29, 2024 - 589,232,539 ) 2,972 2,948 Deficit ( 2,230 ) ( 2,158 ) Accumulated other comprehensive loss (note 9) ( 17 ) ( 14 ) 725 776 $ 1,309 $ 1,395 See notes to consolidated financial sta

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