EX-99.2 3 q4fy21ex-992.htm EX-99.2 Document


Exhibit 99.2
BlackBerry Investor Relations Income Statement Summary
GAAP Income Statement
(Three Months Ended)		Q1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
Software and Services$168 $168 $185 $170 $691 $148 $151 $162 $160 $621 
Licensing and Other79 76 82 112 349 58 108 56 50 272 
Revenue247 244 267 282 1,040 206 259 218 210 893 
Cost of sales70 68 69 70 277 63 60 69 58 250 
Gross margin177 176 198 212 763 143 199 149 152 643 
Operating expenses
Research and development71 62 66 60 259 57 57 53 48 215 
Selling, marketing and administration121 130 129 113 493 90 79 83 92 344 
Amortization49 48 49 48 194 46 46 45 45 182 
Impairment of long-lived assets— 2 3 5 10 — 21 — 22 43 
Impairment of goodwill— — — 22 22 594 — — — 594 
Debentures fair value adjustment(28)(23)(20)5 (66)1 18 95 258 372 
Total operating expenses213 219 227 253 912 788 221 276 465 1,750 
Operating loss(36)(43)(29)(41)(149)(645)(22)(127)(313)(1,107)
Investment income (loss), net3 — (1)(1)1 — (5)(1)— (6)
Loss before income taxes(33)(43)(30)(42)(148)(645)(27)(128)(313)(1,113)
Provision for (recovery of) income taxes2 1 2 (1)4 (9)(4)2 2 (9)
Net loss$(35)$(44)$(32)$(41)$(152)$(636)$(23)$(130)$(315)$(1,104)
Loss per share
Basic loss per share $(0.06)$(0.08)$(0.06)$(0.07)$(0.27)$(1.14)$(0.04)$(0.23)$(0.56)$(1.97)
Diluted loss per share $(0.09)$(0.10)$(0.07)$(0.07)$(0.32)$(1.14)$(0.04)$(0.23)$(0.56)$(1.97)
Weighted-average number of common shares outstanding (000s)
Basic551,845 552,343 554,585 556,668 553,861 557,839 558,882 562,443 566,089 561,305 
Diluted612,345 612,843 615,085 556.668 614,361 557,839 558.882 562,443 566,089 561,305 
Non-GAAP Adjustments (Three Months Ended, Pre-Tax and After Tax)Q1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
Debentures fair value adjustment(28)(23)(20)5 (66)1 18 95 258 372 
Restructuring charges1 1 7 1 10 1 1 — — 2 
Software deferred revenue acquired20 17 13 9 59 8 7 6 5 26 
Software deferred commission acquired(5)(4)(4)(3)(16)(3)(3)(4)(3)(13)
Stock compensation expense17 14 15 17 63 14 9 12 17 52 
Acquired intangibles amortization35 36 35 35 141 33 32 32 32 129 
Business acquisition and integration1 2 — 1 4 — — — — — 
Goodwill impairment charge— — — 22 22 594 — — — 594 
LLA impairment charge — 2 3 5 10 — 21 — 22 43 
Acquisition valuation allowance(1)— — — (1)— — — — — 
Total Non-GAAP Adjustments$40 $45 $49 $92 $226 $648 $85 $141 $331 $1,205 
Adjusted Gross MarginQ1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
GAAP revenue$247 $244 $267 $282 $1,040 $206 $259 $218 $210 $893 
Software deferred revenue acquired20 17 13 9 59 8 7 6 5 26 
Adjusted revenue267 261 280 291 1,099 214 266 224 215 919 
Total cost of sales70 68 69 70 277 63 60 69 58 250 
Non-GAAP adjustments to cost of sales(2)(2)(4)(2)(10)(2)(1)(1)(1)(5)
Adjusted Gross Margin$199 $195 $215 $223 $832 $153 $207 $156 $158 $674 
Adjusted EBITDAQ1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
GAAP operating loss$(36)$(43)$(29)$(41)$(149)$(645)$(22)$(127)$(313)$(1,107)
Non-GAAP adjustments to operating loss41 45 49 92 227 648 85 141 331 1,205 
Adjusted operating income5 2 20 51 78 3 63 14 18 98 
Amortization53 54 53 52 212 50 50 49 49 198 
Acquired intangibles amortization(35)(36)(35)(35)(141)(33)(32)(32)(32)(129)
Adjusted EBITDA$23 $20 $38 $68 $149 $20 $81 $31 $35 $167 


Reconciliation from GAAP Net Loss to Adjusted Net Income and Adjusted Earnings per ShareQ1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
GAAP net loss$(35)$(44)$(32)$(41)$(152)$(636)$(23)$(130)$(315)$(1,104)
Total Non-GAAP adjustments (three months ended, after-tax)40 45 49 92 226 648 85 141 331 1,205 
Adjusted Net Income$5 $1 $17 $51 $74 $12 $62 $11 $16 $101 
Adjusted Earnings per Share$0.01 $0.00 $0.03 $0.09 $0.13 $0.02 $0.11 $0.02 $0.03 $0.18 
Shares outstanding for adjusted earnings per share reconciliation551,845 552,343 554,585 556.668 553,861 557,839 558,882 562,443 566,089 561,305 

Adjusted revenue, adjusted income before income taxes, adjusted net income, adjusted gross margin, adjusted EBITDA and adjusted 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. 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 Restructuring Details
Q1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
Cost of sales$1 $1 $3 $— $5 $— $— $— $— $— 
Selling, marketing and administration— — 4 1 5 1 1 — — 2 
Total restructuring charges$1 $1 $7 $1 $10 $1 $1 $— $— $2 
BlackBerry Investor Relations Amortization of Intangibles and Property, Plant and Equipment Details
Q1 FY20Q2 FY20Q3 FY20Q4 FY20FY20Q1 FY21Q2 FY21Q3 FY21Q4 FY21FY21
Cost of sales amortization
Property, plant and equipment$1 $2 $1 $2 $6 $1 $1 $1 $1 $4 
Intangible assets3 4 3 2 12 3 3 3 3 12 
Total in cost of sales4 6 4 4 18 4 4 4 4 16 
Operating expenses amortization
Property, plant and equipment5 4 5 4 18 4 5 4 4 17 
Intangible assets44 44 44 44 176 42 41 41 41 165 
Total in operating expenses amortization49 48 49 48 194 46 46 45 45 182 
Total amortization
Property, plant and equipment6 6 6 6 24 5 6 5 5 21 
Intangible assets47 48 47 46 188 45 44 44 44 177 
Total amortization$53 $54 $53 $52 $212 $50 $50 $49 $49 $198 

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.