10-05-13 03:11 AM
81 1234
tools
  1. Bla1ze's Avatar
    They had $28.5bn after debt in May 2013. Not sure if it's for all businesses
    That's all of Samsung.. Mobile was around $9B.. give or take half a billion.
    10-02-13 06:23 AM
  2. kevinnugent's Avatar
    As GW used to say "a billion here, a billion there, soon it adds up to real money".
    10-02-13 06:30 AM
  3. njblackberry's Avatar
    I am shocked - SHOCKED I SAY - that no one has mentioned that BlackBerry received $25mm in payments that had been held up by Venezuela.
    So that helped make things look a bit BETTER than they could have.

    Prosperity is just around the corner.
    10-02-13 06:38 AM
  4. jojo beaconsfield's Avatar
    I am hoping Thor 's 55 Million is included in the $400m.good riddens!!
    wincyUt likes this.
    10-02-13 08:10 AM
  5. xandermac's Avatar
    Of course it quadrupled, they have to buy a "Restructuring LearJet"... Duh...
    kevinnugent, milo53 and techvisor like this.
    10-02-13 08:22 AM
  6. kirson's Avatar
    And the markets are reacting...poorly. I'm beginning to think that maybe we would have been better off with Mike and Jim. Jim could have pushed BBM4ALL as a major alternative for the carriers (generating fees from the carriers, not the end users) and Mike could have pushed for the Q10 to be released by late 2012 (and put off any Z10 development). I know it's revisionist history, but the fantasy helps ease the pain.
    Last edited by kirson; 10-02-13 at 10:13 AM. Reason: Spelling
    10-02-13 10:11 AM
  7. crackbrry fan's Avatar
    Hello, and welcome to CB!

    Did you make the post above? Did you then make this post to another member?



    Have you figured out the problem with the first post yet?
    Balance SheetGet Balance Sheet for:
    View: Annual Data | Quarterly DataAll numbers in thousands
    Period EndingMar 2, 2013Mar 3, 2012Feb 26, 2011
    Assets
    Current Assets
    Cash And Cash Equivalents1,549,0001,527,0001,791,000
    Short Term Investments1,105,000247,000330,000
    Net Receivables3,361,0003,890,0004,508,000
    Inventory603,0001,027,000618,000
    Other Current Assets483,000380,000241,000
    Total Current Assets 7,101,000 7,071,000 7,488,000
    Long Term Investments221,000337,000577,000
    Property Plant and Equipment2,395,0002,733,0002,504,000
    Goodwill - 304,000508,000
    Intangible Assets3,448,0003,286,0001,798,000
    Accumulated Amortization - - -
    Other Assets - - -
    Deferred Long Term Asset Charges - - -
    Total Assets 13,165,000 13,731,000 12,875,000
    Liabilities
    Current Liabilities
    Accounts Payable2,906,0003,126,0003,522,000
    Short/Current Long Term Debt - - -
    Other Current Liabilities542,000263,000108,000
    Total Current Liabilities 3,448,000 3,389,000 3,630,000
    Long Term Debt - - -
    Other Liabilities12,00010,00031,000
    Deferred Long Term Liability Charges245,000232,000276,000
    Minority Interest - - -
    Negative Goodwill - - -
    Total Liabilities 3,705,000 3,631,000 3,937,000
    Stockholders' Equity
    Misc Stocks Options Warrants - - -
    Redeemable Preferred Stock - - -
    Preferred Stock - - -
    Common Stock2,431,0002,446,0002,359,000
    Retained Earnings7,267,0007,913,0006,749,000
    Treasury Stock(234,000)(299,000)(160,000)
    Capital Surplus - - -
    Other Stockholder Equity(4,000)40,000(10,000)
    Total Stockholder Equity 9,460,000 10,100,000 8,938,000
    Net Tangible Assets 6,012,000 6,510,000 6,632,000



    Posted via CB10
    10-02-13 10:21 AM
  8. kirson's Avatar
    Not to take sides here, but financial statements are not that simple to analyze. Usually, you try and put things in buckets. Working capital is one bucket. Basically, a close proxy is accounts receivable plus inventory minus accounts payable minus accrued expenses (ignore cash for now - it is surplus cash and is not really an operating asset but more of a capital structure decision). I would almost ignore the entire category for this discussion, unless you think this goes into bankruptcy, in which case you can reject the liabilities, and try to collect cents on the dollar for the assets. Then you have the intangible assets bucket. That's around $3.5 billion that for all intents and purposes must be ignore in this analysis - they MAY be able to be partially monetized, but only over EXTREMELY long periods of time, and at steep discounts (except, obviously, for the patent portfolio). Goodwill is even less meaningful than intangibles - it is an accounting placeholder when you can't find an asset to allocate the value to. And finally, a bucket for PP&E (property, plant and equipment) - around $2.4 billion. Now, this one is harder to deal with. The real-estate MAY be undervalued, but I bet the rest of the PP&E (in other words, furniture, fixtures, equipment, etc.) would be worth 30-50 cents on the dollar. That’s just the nature of PP&E in these days of economic turbulence. So, when you think of the assets available for BBRY to fund operations and stay solvent, you really don’t have anywhere near the reported book value of $13 billion - it really is much closer to the cash and short term investments, together with some value for the patent portfolio, some amount you can sell you equipment for, and some amount someone is willing to pay for the cash flow stream generated by the services business. Just my opinion, of course, but I think they are far closer to bankruptcy than most people realize.
    MazoMark likes this.
    10-02-13 10:44 AM
  9. crackbrry fan's Avatar
    As atAugust
    31, 2013March
    2, 2013
    Assets
    Current
    Cash and cash equivalents$1,181$1,549
    Short-term investments1,1631,105
    Accounts receivable, net1,7432,353
    Other receivables223272
    Inventories941603
    Income taxes receivable462597
    Other current assets696469
    Deferred income tax asset128139
    Assets held for sale122145
    6,6597,232
    Long-term investments225221
    Property, plant and equipment, net2,1192,264
    Intangible assets, net3,5053,448
    $12,508$13,165
    Liabilities
    Current
    Accounts payable$1,130$1,064
    Accrued liabilities1,9091,842
    Deferred revenue834542
    3,8733,448
    Deferred income tax liability202245
    Income taxes payable912
    4,0843,705
    Shareholders' Equity
    Capital stock and additional paid-in capital2,4512,431
    Treasury stock(234)(234)
    Retained earnings6,2187,267
    Accumulated other comprehensive income(11)(4)
    8,4249,460
    $12,508$13,165
    BlackBerry Limited
    Incorporated under the Laws of Ontario
    (United States dollars, in millions except share and per share amounts) (unaudited)
    Consolidated Statements of Cash Flows
    For the six months ended
    August
    31, 2013September
    1, 2012
    Cash flows from operating activities
    Loss from continuing operations$(1,049)$(739)
    Loss from discontinued operations-(14)
    Net loss(1,049)(753)
    Adjustments to reconcile net loss to net cash provided by operating activities:
    Amortization7561,001
    Deferred income taxes(32)10
    Income taxes payable(3)6
    Stock-based compensation3842
    Impairment of goodwill-335
    Other3911
    Net changes in working capital items737483
    Net cash provided by operating activities4861,135
    Cash flows from investing activities
    Acquisition of long-term investments(220)(161)
    Proceeds on sale or maturity of long-term investments18085
    Acquisition of property, plant and equipment(195)(240)
    Acquisition of intangible assets(603)(537)
    Business acquisitions, net of cash acquired(7)(105)
    Acquisition of short-term investments(917)(397)
    Proceeds on sale or maturity of short-term investments930204
    Net cash used in investing activities(832)(1,151)
    Cash flows from financing activities
    Tax deficiencies related to stock-based compensation(2)(5)
    Purchase of treasury stock(16)-
    Net cash used in financing activities(18)(5)
    Effect of foreign exchange gain (loss) on cash and cash equivalents
    (4
    )
    5
    Net decrease in cash and cash equivalents for the period(368)(16)
    Cash and cash equivalents, beginning of period1,5491,527
    Cash and cash equivalents, end of period$1,181$1,511
    As atAugust 31, 2013June 1, 2013
    Cash and cash equivalents$1,181$1,591
    Short-term investments1,1631,233
    Long-term investments225247
    $2,569$3,071


    Posted via CB10
    10-02-13 10:57 AM
  10. blueberrymerry's Avatar
    A couple hundred million in unexpected costs here, a couple hundred there and that 2+ billion cash could fast become zero, especially when device sales and service revenue are also dropping. This company has simply run out of time to fix itself.
    techvisor likes this.
    10-02-13 11:38 AM
  11. Matador's Avatar
    BlackBerry eyes sale of Waterloo, Ont., properties - Kitchener-Waterloo - CBC News

    Not looking good for them....costs have gone up and now looking to sell properties. Reminds me of playing Monopoly.....you have to start mortgaging and selling properties when you start losing.

    This is sad....sad how they have gone from a Hero to a Zero. This is what happens when you dont listen to your customers and adapt to change. They adapted but far too slowly and failed to deliver and lie to their loyal customers, they simply pushed them away. I was one of those loyal users for many, many years, but when my devices didnt do what I needed them to do I jumped ship.

    Hopefully they can pull it together but they have missed the Big Picture and have not thought of what their customers wanted and needed and are now paying the price. Perhaps, it's time for them to start doing this a little differently, it's clear what they've been doing is not working.
    milo53 and techvisor like this.
    10-02-13 11:57 AM
  12. crackbrry fan's Avatar
    No doubt with current expenditures and cash burn vs revenue,the company can't continue as is! This is why the necessary steps to restructure, it is a painful decision but quite necessary, the decision to go Private also should have been made BEFORE launch of the BB10 platform but then vision is 20/20 in hindsight. Going Private would allow for a little breather, whilst the Company goes through the restructure, Apple in 1996/97. was on the verge of bankruptcy without the 150 million investment from Microsoft the would have gone belly up! Lesson? Whilst at the top never forget how you got there! Always stay two steps ahead of the competition! BlackBerry became too complacent,the tech cycle constantly requires young fresh minds as each new generation comes out with new ideas moving markets forward! The BB10 is an excellent product but bad press and lack of proper marketing has created this problem, the brand has been damaged, downsizing out of the public eye will lead to a renaissance however, innovation needs to continue to be the key word moving forward!

    Posted via CB10
    10-02-13 12:06 PM
  13. BBThemes's Avatar
    No Debt
    Incorrect. They are using $4m of their $500m credit facility, and even when they talk of their financials they clearly say `negligible debt`

    So they do have debt. just so we are clear there.
    10-02-13 12:06 PM
  14. crackbrry fan's Avatar
    Incorrect. They are using $4m of their $500m credit facility, and even when they talk of their financials they clearly say `negligible debt`

    So they do have debt. just so we are clear there.
    To be clear I posted the financial statements

    Posted via CB10
    10-02-13 12:07 PM
  15. kirson's Avatar
    I actually think the real issue may be the off-balance-sheet liabilities (contract and purchasing commitments). While they can be discharged in a bankruptcy, they are very real, and very debt-like for a going concern...
    10-02-13 12:15 PM
  16. BBThemes's Avatar
    To be clear I posted the financial statements

    Posted via CB10
    legibility is something that needs explaining then lol. a list of text with no separation isn't really something people are going to spend time to decipher
    Matador likes this.
    10-02-13 12:22 PM
  17. crackbrry fan's Avatar
    legibility is something that needs explaining then lol. a list of text with no separation isn't really something people are going to spend time to decipher
    That may be the problem, no time taken to analyze.

    Posted via CB10
    10-02-13 12:32 PM
  18. BBThemes's Avatar
    That may be the problem, no time taken to analyze.

    Posted via CB10
    whats there to analyse?

    The Company currently has negligible debt and approximately $2.6 billion in cash, cash equivalents and investments as of August 31,
    2013.
    That is a direct quote from the final filling of the FQ2FY2014 report. Negligible doesn't mean no debt.
    10-02-13 02:06 PM
  19. crackbrry fan's Avatar
    whats there to analyse?



    That is a direct quote from the final filling of the FQ2FY2014 report. Negligible doesn't mean no debt.
    There are liabilities 3.1 billion, assets 13.0 billion revised down this quarter due to write off,restructuring costs.

    Posted via CB10
    10-02-13 02:12 PM
  20. amazinglygraceless's Avatar
    whats there to analyse?



    That is a direct quote from the final filling of the FQ2FY2014 report. Negligible doesn't mean no debt.
    What is also missing from this discussion ($13B in assets and NO debt, which seems to come up a lot) is that they DO have Liabilities. Debt is a liability but not the only one. To properly value the company, any company for that matter you must look at its Total Assets AND it's Total Liabilities to arrive at a "Book Value"

    If you only use Total Assets and the absence of debt you will arrive at a massively skewed value.

    EDIT: It appears we were typing at the same time but going in the same direction
    There are liabilities 3.1 billion, assets 13.0 billion revised down this quarter due to write off,restructuring costs.
    10-02-13 02:14 PM
  21. crackbrry fan's Avatar
    What is also missing from this discussion ($13B in assets and NO debt, which seems to come up a lot) is that they DO have Liabilities. Debt is a liability but not the only one. To properly value the company, any company for that matter you must look at its Total Assets AND it's Total Liabilities to arrive at a "Book Value"

    If you only use Total Assets and the absence of debt you will arrive at a massively skewed value.

    EDIT: It appears we were typing at the same time but going in the same direction
    Correct you are! The comparison with HP and the Palm fiasco can't be made,palm was already almost 2B in the hole when acquired by HP, their user base was never anywhere near 70 or 72 million that BlackBerry currently has, yes that has been dwindling, however with the write down of stock, restructuring which is difficult and has to be properly managed, as you don't want to loose essential technical staff to move the company forward in the future.the write down on stock has a positive in that the market did.t respond well to the initial launch, hopefully BlackBerry can get those units out in the hands of their current user base and build from that. I do agree that pricing may have been an issue for many given app deficiencies but the product is good, what's needed is time to get them out there, something a publicly traded company with bad press can't do in the short term. It was a mistake to try to position themselves as a rival to Apple when the OS wasn't fully ready for market but for whatever reasons for the delays over the last two years, the company suffered in the limelight of negative publicity, going private with restructuring used wisely, should give them room to reestablish themselves as some sort of niche player.

    Posted via CB10
    Thunderbuck likes this.
    10-02-13 02:35 PM
  22. Zarpan's Avatar
    I am shocked - SHOCKED I SAY - that no one has mentioned that BlackBerry received $25mm in payments that had been held up by Venezuela.
    So that helped make things look a bit BETTER than they could have.

    Prosperity is just around the corner.
    One mildly-interesting thing is that BlackBerry apparently gets about $20 million in service revenue from Venezuela each quarter. They received $25 million in payments, but the deferral balance only went down by $5 million.
    10-02-13 02:35 PM
  23. soren203's Avatar
    What a depressing read. I'm surprised at the 7.6% figure of sales in Canada though. I thought patriotism was rife there.
    Patriotism only gets you so far
    10-02-13 04:37 PM
  24. Thunderbuck's Avatar
    BlackBerry eyes sale of Waterloo, Ont., properties - Kitchener-Waterloo - CBC News

    Not looking good for them....costs have gone up and now looking to sell properties. Reminds me of playing Monopoly.....you have to start mortgaging and selling properties when you start losing.

    This is sad....sad how they have gone from a Hero to a Zero. This is what happens when you dont listen to your customers and adapt to change. They adapted but far too slowly and failed to deliver and lie to their loyal customers, they simply pushed them away. I was one of those loyal users for many, many years, but when my devices didnt do what I needed them to do I jumped ship.

    Hopefully they can pull it together but they have missed the Big Picture and have not thought of what their customers wanted and needed and are now paying the price. Perhaps, it's time for them to start doing this a little differently, it's clear what they've been doing is not working.
    The real estate sale is one of those things that may be worse optically than practically.

    Lots of businesses will sell property they own, then lease it back. In BlackBerry's case, they very likely do have facilities they don't actually need anymore, but it's not at all unheard of for even a healthy company to do this. Sony just sold their flagship building on Madison Avenue in New York, but are remaining as a tenant in the building.
    semperfi45 likes this.
    10-02-13 08:23 PM
  25. wjptam's Avatar
    What a depressing read. I'm surprised at the 7.6% figure of sales in Canada though. I thought patriotism was rife there.
    How is this a surprise? There's 35 million people in Canada, versus a world market of how many billion? Their sales here are disproportionately high compared to the world market.
    10-02-13 09:59 PM
81 1234

Similar Threads

  1. Replies: 20
    Last Post: 10-04-13, 09:37 AM
  2. Where to get this awesome wallpaper?
    By jupiter8 in forum BlackBerry 10 Wallpapers
    Replies: 4
    Last Post: 10-02-13, 08:14 AM
  3. Log in to Evernote problem..
    By blackberryCHEF in forum General BlackBerry Discussion
    Replies: 4
    Last Post: 10-02-13, 05:14 AM
  4. BlackBerry 10.2 Update
    By LuisBeltran in forum BlackBerry Z10
    Replies: 10
    Last Post: 10-02-13, 03:20 AM
  5. Replies: 6
    Last Post: 10-02-13, 12:45 AM
LINK TO POST COPIED TO CLIPBOARD