CORRECTION - BlackBerry Reports Fiscal Year 2019 First Quarter Results
- Non-GAAP total software and services revenue of $193 million, up 14% year-over-year; GAAP total software and services revenue of $189 million, up 18% year-over-year
- Total software and services billings grew double-digits from the prior year period
- Recurring software and services revenue of 86%
WATERLOO, Ontario, June 22, 2018 (GLOBE NEWSWIRE) -- In a press release published today by BlackBerry Limited (NYSE:BB) (TSX:BB), please note that the date in the second column header of the Consolidated Balance Sheets table should be February 28, 2018 instead of May 31, 2018. The corrected table follows.
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BlackBerry Limited | |||||||
Incorporated under the Laws of Ontario | |||||||
(United States dollars, in millions) (unaudited) | |||||||
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Consolidated Balance Sheets | |||||||
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 | As at | ||||||
 |  | May 31, 2018 |  |  | February 28, 2018 | ||
Assets | Â | Â | Â | Â | Â | ||
Current | Â | Â | Â | Â | Â | ||
Cash and cash equivalents | $ | Â 520 | Â | $ | Â 816Â | ||
Short-term investments | Â | 1,725 | Â | Â | 1,443Â | ||
Accounts receivable, net | Â | 126 | Â | Â | 151Â | ||
Other receivables | Â | 63 | Â | Â | 71Â | ||
Income taxes receivable | Â | 17 | Â | Â | 26Â | ||
Other current assets | Â | 56 | Â | Â | 38Â | ||
 |  | 2,507 |  |  | 2,545 | ||
Restricted cash and cash equivalents | Â | 35 | Â | Â | 39Â | ||
Long-term investments | Â | 55 | Â | Â | 55Â | ||
Other long-term assets | Â | 30 | Â | Â | 28Â | ||
Deferred income tax assets | Â | 2 | Â | Â | 3Â | ||
Property, plant and equipment, net | Â | 64 | Â | Â | 64Â | ||
Goodwill | Â | 566 | Â | Â | 569Â | ||
Intangible assets, net | Â | 447 | Â | Â | 477Â | ||
 | $ |  3,706 |  | $ |  3,780 | ||
Liabilities Current | Â | Â | Â | ||||
Accounts payable | $ | Â 37 | Â | $ | Â 46Â | ||
Accrued liabilities | Â | 162 | Â | Â | 205Â | ||
Income taxes payable | Â | 19 | Â | Â | 18Â | ||
Deferred revenue, current | Â | 166 | Â | Â | 142 | ||
 |  | 384 |  |  | 411 | ||
Deferred revenue, non-current | Â | 111 | Â | Â | 53Â | ||
Other long-term liabilities | Â | 20 | Â | Â | 23Â | ||
Long-term debt | Â | 810 | Â | Â | 782Â | ||
Deferred income tax liabilities | Â | 5 | Â | Â | 6Â | ||
 |  |  1,330 |  |  |  1,275 | ||
Shareholders’ equity |  |  | |||||
Capital stock and additional paid-in capital | Â | 2,580 | Â | Â | 2,560Â | ||
Deficit | Â | (185 | ) | Â | (45) | ||
Accumulated other comprehensive loss | Â | (19 | ) | Â | (10) | ||
 |  | 2,376 |  |  | 2,505 | ||
 | $ | 3,706 |  | $ | 3,780 | ||
 |  |  |  |  |  |  |
Investor Contact:
BlackBerry Investor Relations
+1-519-888-7465
investor_relations@blackberry.com
Media Contact:Â
BlackBerry Media RelationsÂ
(519) 597-7273
mediarelations@blackberry.com
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