SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________________________________
FORM 6-K
_________________________________________________________________
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of, December 2014
_________________________________________________________________  
Commission File Number 000-29898
_________________________________________________________________  
BlackBerry Limited
(Translation of registrant’s name into English)
_________________________________________________________________ 
2200 University Avenue East, Waterloo, Ontario, Canada N2K 0A7
(Address of principal executive offices)
_________________________________________________________________ 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40F:
Form 20-F  ¨            Form 40-F  x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

DOCUMENTS INCLUDED AS PART OF THIS REPORT
Document
 
1
BlackBerry Achieves Non-GAAP Profitability and Positive Cash Flow for the Fiscal 2015 Third Quarter
2
BlackBerry Supplemental Financial Information







Document 1

December 19, 2014
FOR IMMEDIATE RELEASE

BlackBerry Achieves Non-GAAP Profitability and Positive Cash Flow for the Fiscal 2015 Third Quarter

Waterloo, ON  – BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications, today reported financial results for the three months ended November 29, 2014 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q3 Highlights:

Cash and investments balance of $3.1 billion at the end of the fiscal quarter
Normalized positive cash flow of $43 million in the quarter, compared to cash use of $36 million in the prior quarter
Non-GAAP earnings of $0.01 per share, compared to a loss of $0.02 per share in the prior quarter
Non-GAAP and GAAP gross margin of 52%, driven by a second consecutive quarter of positive hardware gross margin
Non-GAAP operating profit of $16 million, up from $2 million last quarter
Launched BES12 and a portfolio of Value Added Services
Ending the EZ Pass Program after the quarter with a total of 6.8 million licenses issued for BES10, a 100% increase from last quarter, with over 30% of total licenses traded in from competitors’ Mobile Device Management platforms
Completed the acquisition of Movirtu, a provider of virtual SIM solutions, during the quarter. Completed the acquisition of Secusmart, a leader in high-security voice and text encryption, after the quarter ended
Announced partnerships with Samsung, Vodafone, Ingram Micro, Brightstar, Salesforce.com and many others

Q3 Results

Revenue for the third quarter of fiscal 2015 was $793 million.  The revenue breakdown for the quarter was approximately 46% for hardware, 46% for services and 8% for software and other revenue.  During the third quarter, the Company recognized hardware revenue on approximately 2 million BlackBerry smartphones. During the third quarter, approximately 1.9 million BlackBerry smartphones were sold through to end customers, which included shipments made and recognized prior to the third quarter and which reduced the Company’s inventory in channel.  

Non-GAAP profit for the third quarter was $6 million, or $0.01 per share, reversing a loss of $0.02 last quarter. GAAP net loss for the quarter was $148 million, or $0.28 per share. The GAAP net loss includes a non-cash charge associated with the change in the fair value of the debentures of $150 million (the “Q3 Fiscal 2015 Debentures Fair Value Adjustment”) and pre-tax restructuring charges of $5 million related to the restructuring program. The impact of these adjustments on GAAP net loss and loss per share is summarized in a table below.

Total cash, cash equivalents, short-term and long-term investments was $3.1 billion as of November 29, 2014. The cash balance increased $43 million in the third quarter, excluding net outlays of $31 million related to acquisitions during the quarter. Purchase obligations and other commitments amounted to approximately $1.6 billion as of November 29, 2014, with purchase orders with contract manufacturers representing approximately $565 million of the total, compared to $344 million at the end of the second quarter.

“We achieved a key milestone in our eight quarter plan with positive cash flow. We also attained another important milestone in the release of our new enterprise software products and devices,” said Executive Chairman and CEO John Chen. “Our focus now turns to expanding our distribution and driving revenue growth.”






Outlook

The Company continues to anticipate maintaining its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The Company continues to anticipate break-even or better cash flow from operations.

The Company is expanding its distribution capability, and expects traction from these efforts to manifest some time in fiscal 2016. The company continues to target sustainable non-GAAP profitability some time in fiscal 2016.

Reconciliation of GAAP loss before income taxes, net income (loss) and earnings (loss) per share to Non-GAAP loss before income taxes, net income (loss) and earnings (loss) per share:
(United States dollars, in millions except per share data)
 
 
 
Loss before income taxes
 
Net income (loss)
 
Earnings (loss) per share
As reported
 
$
(160
)
 
$
(148
)
 
$
(0.28
)
Adjustments:
 
 

 
 

 
 
CORE charges (1)
 
5

 
4

 
 
Q3 Fiscal 2015 Debenture Fair Value Adjustment (2)
 
150

 
150

 
 
Adjusted
 
$
(5
)
 
$
6

 
$
0.01

Note: Non-GAAP loss before income taxes, non-GAAP net income and non-GAAP earnings per share do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. Investors should consider these non-GAAP measures in the context of the Company’s GAAP results.
(1)
During the third quarter of fiscal 2015, the Company incurred charges related to the restructuring program of $5 million pre-tax, or $4 million after tax, of which $4 million were included in research and development and $1 million were included in selling, marketing, and administration expenses.
(2)
During the third quarter of fiscal 2015, the Company recorded the Q3 Fiscal 2015 Debentures Fair Value Adjustment of $150 million. This adjustment was presented on a separate line in the Consolidated Statement of Operations.

Supplementary Geographic Revenue Breakdown
(United States dollars, in millions except per share data)
Blackberry Limited
(United States dollars, in millions)
Revenue by Region

 
 
For the quarter ended
 
 
November 29, 2014
 
August 30, 2014
 
May 31, 2014
 
March 1, 2014
 
November 30, 2013
North America
 
$
213

 
26.9
%
 
$
297

 
32.4
%
 
$
276

 
28.6
%
 
$
297

 
30.4
%
 
$
340

 
28.5
%
Europe, Middle East and Africa
 
366

 
46.1
%
 
368

 
40.2
%
 
414

 
42.9
%
 
412

 
42.2
%
 
549

 
46.0
%
Latin America
 
84

 
10.6
%
 
111

 
12.1
%
 
125

 
12.9
%
 
127

 
13.0
%
 
135

 
11.3
%
Asia Pacific
 
130

 
16.4
%
 
140

 
15.3
%
 
151

 
15.6
%
 
140

 
14.4
%
 
169

 
14.2
%
Total
 
$
793

 
100.0
%
 
$
916

 
100.0
%
 
$
966

 
100.0
%
 
$
976

 
100.0
%
 
$
1,193

 
100.0
%

Conference Call and Webcast
A conference call and live webcast will be held today beginning at 8 am ET, which can be accessed by dialing 1-888-503-8168 or by logging on at http://ca.blackberry.com/company/investors/events.html. A replay of the conference call will also be available at approximately 10 am ET by dialing 1-647-436-0148 and entering pass code 8015758# or by clicking the link above. This replay will be available until midnight ET January 2nd, 2015.






About BlackBerry
A global leader in mobile communications, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ.
For more information, visit www.BlackBerry.com.

Investor Contact:
BlackBerry Investor Relations
+1-519-888-7465
investor_relations@blackberry.com

###


This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements regarding: BlackBerry’s expectations regarding maintaining its strong cash position while investing in growth opportunities, and the anticipated opportunities and challenges in fiscal 2015 and fiscal 2016; BlackBerry's ability to reach sustainable non-GAAP profitability some time in fiscal 2016 and expectations regarding its cash flow and revenue trend; BlackBerry's plans, strategies and objectives, including the anticipated benefits of recently announced strategic initiatives; anticipated demand for and the timing of, new product and service introductions, and BlackBerry's plans and expectations relating to its existing and new product and service offerings, including BES10, BES12, BlackBerry 10 smartphones, services related to BBM and QNX software products; BlackBerry’s expectations regarding expanding its distribution capability and realizing the related benefits some time in fiscal 2016; the ability to achieve further reductions in operating expenditures and maintain the cost savings realized through the CORE program; BlackBerry's anticipated levels of decline in service revenue in the fourth quarter of fiscal 2015; BlackBerry’s expectations for software revenue in fiscal 2015 and 2016 and BBM revenue in fiscal 2016; BlackBerry’s expectations for gross margin for the next several quarters; BlackBerry’s expectations for operating expenses for the remainder of fiscal 2015; BlackBerry's expectations with respect to the sufficiency of its financial resources; BlackBerry’s estimates of purchase obligations and other contractual commitments; and assumptions and expectations described in BlackBerry’s critical accounting estimates and significant accounting policies. The terms and phrases “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe”, “target”, “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances. Many factors could cause BlackBerry’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the “Risk Factors” section of BlackBerry's Annual Information Form, and the following: risks related to BlackBerry’s ability to implement and realize the benefits of its strategic initiatives, including a return to its core strengths of enterprise and security, changes to its Devices business, including the partnership with Foxconn, and the transition to an operating unit organizational structure consisting of the Devices business, Enterprise Services, BlackBerry Technology Solutions, including the QNX embedded business, and Messaging; BlackBerry’s ability to maintain existing enterprise customer relationships and to transition such customers to the BES10 and BES12 platforms and deploy BlackBerry 10 smartphones, and the risk that current BES10 and BES12 test installations may not convert to commercial installations; BlackBerry’s ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to acquisitions, divestitures and investments that may negatively affect the Company’s results of operations; risks related to BlackBerry’s ability to increase BBM and software revenue for the remainder of fiscal 2015 and during fiscal 2016, including predicting anticipated demand for BES software, technical support, and other value-added services being promoted by BlackBerry and risks related to BlackBerry’s ability to expand its distribution capabilities; risks related to intense competition, rapid change and significant strategic alliances within BlackBerry’s industry, including recent and potential future strategic transactions by its competitors or carrier partners, which could continue to weaken its competitive position; and risks related to acquisitions, divestitures and investments which may negatively affect BlackBerry’s results of operations. These risk factors and others relating to BlackBerry are discussed in greater detail in the “Risk Factors” section of BlackBerry’s Annual Information Form, which is included in its Annual Report on Form 40-F and the “Cautionary Note Regarding Forward-Looking Statements” section of BlackBerry’s MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on BlackBerry’s forward-looking statements.





BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The BlackBerry family of related marks, images and symbols are the exclusive properties and trademarks of BlackBerry Limited. BlackBerry, BBM, QNX and related trademarks are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners.












BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions except share and per share amounts) (unaudited)

Consolidated Statements of Operations
 
 
 
For the three months ended
 
For the nine months ended
 
 
November 29, 2014
 
August 30, 2014
 
November 30, 2013
 
November 29, 2014
 
November 30, 2013
Revenue
 
$
793

 
$
916

 
$
1,193

 
$
2,675

 
$
5,837

Cost of sales
 
 
 
 
 
 
 
 
 
 
Cost of sales
 
376

 
484

 
865

 
1,354

 
3,907

Inventory write-down
 
7

 
7

 
1,081

 
35

 
1,708

Supply commitment charges
 

 

 
511

 

 
818

 
 
383

 
491

 
2,457

 
1,389

 
6,433

Gross margin
 
410

 
425

 
(1,264
)
 
1,286

 
(596
)
Gross margin %
 
51.7
%
 
46.4
%
 
(106.0
)%
 
48.1
%
 
(10.2
)%
Operating expenses
 
 
 
 
 
 
 
 
 
 
Research and development
 
154

 
186

 
322

 
577

 
1,040

Selling, marketing and administration
 
171

 
195

 
538

 
766

 
1,738

Amortization
 
74

 
75

 
148

 
230

 
499

Impairment of long-lived assets
 

 

 
2,748

 

 
2,748

Debentures fair value adjustment
 
150

 
167

 
5

 
30

 
5

 
 
549

 
623

 
3,761

 
1,603

 
6,030

Operating loss
 
(139
)
 
(198
)
 
(5,025
)
 
(317
)
 
(6,626
)
Investment loss, net
 
(21
)
 
(20
)
 

 
(67
)
 
(1
)
Loss before income taxes
 
(160
)
 
(218
)
 
(5,025
)
 
(384
)
 
(6,627
)
Recovery of income taxes
 
(12
)
 
(11
)
 
(624
)
 
(52
)
 
(1,177
)
Net loss
 
$
(148
)
 
$
(207
)
 
$
(4,401
)
 
$
(332
)
 
$
(5,450
)
Loss per share
 
 

 
 

 
 

 
 
 
 
Basic and diluted
 
$
(0.28
)
 
$
(0.39
)
 
$
(8.37
)
 
$
(0.63
)
 
$
(10.39
)
 
 
 
 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding (000’s)
 
 

 
 

 
 

 
 
 
 
Basic and diluted
 
528,090

 
527,218

 
525,656

 
527,350

 
524,766

Total common shares outstanding (000's)
 
528,511

 
527,430

 
526,184

 
528,511

 
526,184








BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions except per share data) (unaudited)

Consolidated Balance Sheets
As at
 
November 29, 2014
 
March 1, 2014
Assets
 
 
 
 
Current
 
 
 
 
Cash and cash equivalents
 
$
1,498

 
$
1,579

Short-term investments
 
1,273

 
950

Accounts receivable, net
 
621

 
972

Other receivables
 
139

 
152

Inventories
 
102

 
244

Income taxes receivable
 
144

 
373

Other current assets
 
314

 
505

Deferred income tax asset
 
26

 
73

 
 
4,117

 
4,848

Long-term investments
 
274

 
129

Restricted cash
 
65

 

Property, plant and equipment, net
 
588

 
1,136

Intangible assets, net and goodwill
 
1,462

 
1,439

 
 
$
6,506

 
$
7,552

Liabilities
 
 

 
 

Current
 
 

 
 

Accounts payable
 
$
218

 
$
474

Accrued liabilities
 
814

 
1,214

Deferred revenue
 
445

 
580

 
 
1,477

 
2,268

Long term debt
 
1,657

 
1,627

Deferred income tax liability
 
37

 
32

 
 
3,171

 
3,927

Shareholders’ Equity
 
 

 
 

Capital stock and additional paid-in capital
 
2,425

 
2,418

Treasury stock
 
(144
)
 
(179
)
Retained earnings
 
1,062

 
1,394

Accumulated other comprehensive loss
 
(8
)
 
(8
)
 
 
3,335

 
3,625

 
 
$
6,506

 
$
7,552







BlackBerry Limited
Incorporated under the Laws of Ontario
(United States dollars, in millions except per share data) (unaudited)
Consolidated Statements of Cash Flow
 
 
Nine Months Ended
 
 
November 29, 2014
 
November 30, 2013
Cash flows from operating activities
 
 
 
 
Net loss
 
$
(332
)
 
$
(5,450
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
Amortization
 
532

 
1,067

Deferred income taxes
 
47

 
(114
)
Income taxes payable
 

 
(3
)
Stock-based compensation
 
36

 
50

Loss on disposal of property, plant and equipment
 
126

 

Impairment of long-lived assets
 

 
2,748

Debentures fair value adjustment
 
30

 
5

Other
 
13

 
92

Net changes in working capital items:
 
 
 
 
Accounts receivable, net
 
351

 
1,111

Other receivables
 
13

 
121

Inventories
 
142

 
349

Income taxes receivable
 
229

 
298

Other current assets
 
176

 
(152
)
Accounts payable
 
(256
)
 
(314
)
Accrued liabilities
 
(369
)
 
440

Deferred revenue
 
(135
)
 
157

Net cash provided by operating activities
 
603

 
405

Cash flows from investing activities
 
 

 
 

Acquisition of long-term investments
 
(215
)
 
(228
)
Proceeds on sale or maturity of long-term investments
 
19

 
283

Acquisition of property, plant and equipment
 
(71
)
 
(260
)
Proceeds on sale of property, plant and equipment
 
348

 
19

Acquisition of intangible assets
 
(388
)
 
(837
)
Business acquisitions, net of cash acquired
 
(40
)
 
(7
)
Acquisition of short-term investments
 
(1,973
)
 
(1,149
)
Proceeds on sale or maturity of short-term investments
 
1,701

 
1,537

Net cash used in investing activities
 
(619
)
 
(642
)
Cash flows from financing activities
 
 

 
 

Issuance of common shares
 
6

 
1

Tax deficiencies related to stock-based compensation
 

 
(12
)
Purchase of treasury stock
 

 
(16
)
Issuance of debt
 

 
1,000

Transfer to restricted cash
 
(65
)
 

Net cash provided by (used in) financing activities
 
(59
)
 
973

Effect of foreign exchange loss on cash and cash equivalents
 
(6
)
 
(11
)
Net increase (decrease) in cash and cash equivalents during the period
 
(81
)
 
725

Cash and cash equivalents, beginning of period
 
1,579

 
1,549

Cash and cash equivalents, end of period
 
$
1,498

 
$
2,274

 
 
 
 
 
As at
 
November 29, 2014
 
August 30, 2014
Cash and cash equivalents
 
$
1,498

 
$
1,523

Short-term investments
 
1,273

 
1,178

Long-term investments
 
274

 
329

Restricted cash
 
65

 
68

 
 
$
3,110

 
$
3,098








Document 2

BlackBerry Investor Relations Income Statement Summary
GAAP Income Statement (Three Months Ended)
Q1 FY14
 
Q2 FY14
 
Q3 FY14
 
Q4 FY14
 
FY14
 
Q1 FY15
 
Q2 FY15
 
Q3 FY15
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hardware
$
2,181

 
$
770

 
$
476

 
$
358

 
$
3,785

 
$
379

 
$
417

 
$
361

Service
794

 
724

 
632

 
548

 
2,698

 
519

 
424

 
368

Software
60

 
63

 
56

 
56

 
235

 
54

 
59

 
54

Other
36

 
16

 
29

 
14

 
95

 
14

 
16

 
10

Revenue
3,071

 
1,573

 
1,193

 
976

 
6,813

 
966

 
916

 
793

Cost of sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales
2,029

 
1,013

 
865

 
551

 
4,458

 
494

 
484

 
376

Inventory write-down

 
627

 
1,081

 
(93
)
 
1,615

 
21

 
7

 
7

Supply commitment charges

 
307

 
511

 
(35
)
 
783

 

 

 

Total cost of sales
2,029

 
1,947

 
2,457

 
423

 
6,856

 
515

 
491

 
383

Gross margin
1,042

 
(374
)
 
(1,264
)
 
553

 
(43
)
 
451

 
425

 
410

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
358

 
360

 
322

 
246

 
1,286

 
237

 
186

 
154

Selling, marketing and administration
673

 
527

 
548

 
355

 
2,103

 
400

 
195

 
171

Amortization
180

 
171

 
148

 
107

 
606

 
81

 
75

 
74

Impairment of long-lived assets

 

 
2,748

 

 
2,748

 

 

 

Debentures fair value adjustment

 

 
(5
)
 
382

 
377

 
(287
)
 
167

 
150

Total operating expenses
1,211

 
1,058

 
3,761

 
1,090

 
7,120

 
431

 
623

 
549

Operating income (loss)
(169
)
 
(1,432
)
 
(5,025
)
 
(537
)
 
(7,163
)
 
20

 
(198
)
 
(139
)
Investment income (loss), net
5

 
(6
)
 

 
(20
)
 
(21
)
 
(26
)
 
(20
)
 
(21
)
Loss from continuing operations before income taxes
(164
)
 
(1,438
)
 
(5,025
)
 
(557
)
 
(7,184
)
 
(6
)
 
(218
)
 
(160
)
Recovery of income taxes
(80
)
 
(473
)
 
(624
)
 
(134
)
 
(1,311
)
 
(29
)
 
(11
)
 
(12
)
Net income (loss)
$
(84
)
 
$
(965
)
 
$
(4,401
)
 
$
(423
)
 
$
(5,873
)
 
$
23

 
$
(207
)
 
$
(148
)
Earnings (loss) per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(0.16
)
 
$
(1.84
)
 
$
(8.37
)
 
$
(0.80
)
 
$
(11.18
)
 
$
0.04

 
$
(0.39
)
 
$
(0.28
)
Diluted earnings (loss) per share
$
(0.16
)
 
$
(1.84
)
 
$
(8.37
)
 
$
(0.80
)
 
$
(11.18
)
 
$
(0.37
)
 
$
(0.39
)
 
$
(0.28
)
Weighted-average number of common shares outstanding (000's)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
524,160

 
524,481

 
525,656

 
526,374

 
525,168

 
526,742

 
527,218

 
528,090

Diluted
524,160

 
524,481

 
525,656

 
526,374

 
525,168

 
658,228

 
527,218

 
528,090

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-GAAP Adjustments (Three Months Ended, Pre-Tax)
Q1 FY14
 
Q2 FY14
 
Q3 FY14
 
Q4 FY14
 
FY14
 
Q1 FY15
 
Q2 FY15
 
Q3 FY15
Debentures Fair Value Adjustment
$

 
$

 
$

 
$
382

 
$
382

 
$
(287
)
 
$
167

 
$
150

CORE Program Charges & Strategic Review
26

 
72

 
266

 
148

 
512

 
226

 
33

 
5

Inventory Charge (Recovery)

 
934

 
1,592

 
(149
)
 
2,377

 

 

 

LLA Impairment Charge

 

 
2,748

 

 
2,748

 

 

 

Total Non-GAAP Adjustments (Three Months Ended, Pre-Tax)
$
26

 
$
1,006

 
$
4,606

 
$
381

 
$
6,019

 
$
(61
)
 
$
200

 
$
155

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-GAAP Adjustments (Three Months Ended, After-Tax)
Q1 FY14
 
Q2 FY14
 
Q3 FY14
 
Q4 FY14
 
FY14
 
Q1 FY15
 
Q2 FY15
 
Q3 FY15
Debentures Fair Value Adjustment
$

 
$

 
$

 
$
382

 
$
382

 
$
(287
)
 
$
167

 
$
150

CORE Program Charges & Strategic Review
17

 
51

 
225

 
105

 
398

 
204

 
29

 
4

Inventory Charge (Recovery)

 
666

 
1,347

 
(106
)
 
1,907

 

 

 

LLA Impairment Charge

 

 
2,475

 

 
2,475

 

 

 

Total Non-GAAP Adjustments (Three Months Ended, After-Tax)
$
17

 
$
717

 
$
4,047

 
$
381

 
$
5,162

 
$
(83
)
 
$
196

 
$
154

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation from GAAP Net Income (Loss) to Non-GAAP Income (Loss) and Non-GAAP Income (Loss) per Share
Q1 FY14
 
Q2 FY14
 
Q3 FY14
 
Q4 FY14
 
FY14
 
Q1 FY15
 
Q2 FY15
 
Q3 FY15
GAAP Net Income (Loss)
$
(84
)
 
$
(965
)
 
$
(4,401
)
 
$
(423
)
 
$
(5,873
)
 
$
23

 
$
(207
)
 
$
(148
)
Total Non-GAAP adjustments (three months ended, after-tax)
17

 
717

 
4,047

 
381

 
5,162

 
(83
)
 
196

 
154

Non-GAAP Net Income (Loss)
$
(67
)
 
$
(248
)
 
$
(354
)
 
$
(42
)
 
$
(711
)
 
$
(60
)
 
$
(11
)
 
$
6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-GAAP Income (loss) per Share
$
(0.13
)
 
$
(0.47
)
 
$
(0.67
)
 
$
(0.08
)
 
$
(1.35
)
 
$
(0.11
)
 
$
(0.02
)
 
$
0.01

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shares outstanding for Non-GAAP Income (loss) per share reconciliation
524,160

 
524,481

 
525,656

 
526,374

 
525,168

 
526,742

 
527,218

 
540,400


Non-GAAP income (loss) before income taxes, non-GAAP net income (loss) and non-GAAP income (loss) per share do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non GAAP information should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the Company’s filings on SEDAR and EDGAR. The Company makes no commitment to update the information above subsequently.





BlackBerry Investor Relations Pre-Tax CORE Charge Details
 
Q1 FY14
 
Q2 FY14
 
Q3 FY14
 
Q4 FY14
 
FY14
 
Q1 FY15
 
Q2 FY15
 
Q3 FY15
Cost of sales
$

 
$
10

 
$
76

 
$
17

 
$
103

 
$
12

 
$
10

 
$

Research and development
10

 
8

 
37

 
21

 
76

 
41

 
19

 
4

Selling, marketing and administration
16

 
54

 
153

 
110

 
333

 
173

 
4

 
1

Total CORE Charges
$
26

 
$
72

 
$
266

 
$
148

 
$
512

 
$
226

 
$
33

 
$
5

BlackBerry Investor Relations Amortization of Intangibles and Property, Plant and Equipment Details
 
Q1 FY14
 
Q2 FY14
 
Q3 FY14
 
Q4 FY14
 
FY14
 
Q1 FY15
 
Q2 FY15
 
Q3 FY15
In cost of sales
 
 
 
 
 
 
 
 

 
 
 
 
 
 
Property, plant and equipment
$
68

 
$
66

 
$
61

 
$
16

 
$
211

 
$
27

 
$
16

 
$
14

Intangible assets
151

 
120

 
102

 
80

 
453

 
83

 
80

 
82

Total in cost of sales
219

 
186

 
163

 
96

 
664

 
110

 
96

 
96

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In operating expenses amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment
102

 
98

 
70

 
51

 
321

 
33

 
28

 
27

Intangible assets
78

 
73

 
78

 
56

 
285

 
48

 
47

 
47

Total in operating expenses amortization
180

 
171

 
148

 
107

 
606

 
81

 
75

 
74

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment
170

 
164

 
131

 
67

 
532

 
60

 
44

 
41

Intangible assets
229

 
193

 
180

 
136

 
738

 
131

 
127

 
129

Total amortization
$
399

 
$
357

 
$
311

 
$
203

 
$
1,270

 
$
191

 
$
171

 
$
170


The information above is supplied to provide meaningful supplemental information regarding the Company’s operating results because such information excludes amounts that are not necessarily related to its operating results. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non-GAAP information should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the Company’s filings on SEDAR and EDGAR. The Company makes no commitment to update the information above subsequently.






SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
 
BlackBerry Limited
 
(Registrant)
 
Date:
 
December 19, 2014
 
 
By: 
 
         /s/ James Yersh
 
Name: 
James Yersh
Title:
Chief Financial Officer



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