UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________________________________________________________

FORM 6-K

_________________________________________________________________

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of, December 2019

_________________________________________________________________  

Commission File Number 1-38232

_________________________________________________________________  

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 Reports Fiscal 2020 Third Quarter Results
2	BlackBerry Supplemental Financial Information

Document 1

December 20, 2019

FOR IMMEDIATE RELEASE

BlackBerry Reports Fiscal 2020 Third Quarter Results

• Total company non-GAAP revenue of $280 million, or 23% growth year-over-year; total company GAAP revenue of $267 million, or 18% growth year-over-year

• Total non-GAAP Software and Services revenue of $275 million, or 26% growth year-over-year; total GAAP Software and Services revenue of $262 million, or 21% growth year-over-year; both are record quarterly highs

• Total company non-GAAP earnings per basic and diluted share of $0.03; GAAP loss per basic share of $0.06 and GAAP loss per diluted share of $0.07

• Total company free cash flow generated of $37 million, as reported

Waterloo, Ontario - BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended November 30, 2019 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Third Quarter Fiscal 2020 Results

• Total company non-GAAP revenue for the third quarter of fiscal 2020 was $280 million, up 23% year-over-year. Total company GAAP revenue for the third quarter of fiscal 2020 was $267 million, up 18% year-over-year. Total non-GAAP software and services revenue was $275 million, up 26% year-over-year. Total GAAP software and services revenue was $262 million, up 21% year-over-year. Third quarter recurring non-GAAP software and services revenue (excluding IP licensing and professional services) was over 90%. Non-GAAP gross margin was 77% and GAAP gross margin was 74%.

• Total company non-GAAP operating earnings was $20 million. Total company GAAP operating loss was $29 million. Non-GAAP earnings per share was $0.03 (basic and diluted). GAAP net loss was $0.06 per basic share and $0.07 per diluted share. GAAP net loss includes $35 million for acquired intangibles amortization expense, $15 million in stock compensation expense, $10 million in restructuring charges, a benefit of $20 million related to the fair value adjustment on the debentures, and other amounts as summarized in a table below.

• Total cash, cash equivalents, short-term and long-term investments was $970 million as of November 30, 2019. Free cash flow generated, before considering the impact of acquisition and integration expenses, restructuring costs and legal proceedings, was $41 million. Cash generated from operations was $40 million and capital expenditures were $3 million.

“BlackBerry achieved sequential growth in revenue across all of our software businesses while generating healthy non-GAAP profitability and free cash flow as we continue to invest in our future,” said John Chen, Executive Chairman and CEO, BlackBerry. “I am pleased with our progress. Our pipeline is growing as we deliver against our product roadmap and execute on our go-to-market expansion.”

Outlook

BlackBerry will provide fiscal year 2020 outlook in connection with the quarterly earnings announcement on its earnings conference call. The earnings call transcript will be made available on our website and on SEDAR.

Reconciliation of GAAP revenue, gross margin, gross margin percentage, income (loss) before income taxes, net income (loss) and basic earnings (loss) per share to Non-GAAP revenue, gross margin, gross margin percentage, income before income taxes, net income and basic earnings per share for the three months ended November 30, 2019:

Q3 Fiscal 2020 Non-GAAP Adjustments		For the Three Months Ended November 30, 2019
		(in millions, except for per share amounts)
	Income statement location	Revenue		Gross margin (before taxes)		Gross margin % (before taxes)		Income (loss) before income taxes			Net income (loss)			Basic earnings (loss) per share
As reported		$	267	$	198	74.2	%	$	(30	)	$	(32	)	$	(0.06	)
Debentures fair value adjustment (2)	Debentures fair value adjustment	—		—		—	%	(20		)	(20		)
Restructuring charges (3)	Cost of sales	—		3		1.1	%	3			3
Restructuring charges (3)	Selling, marketing and administration	—		—		—	%	7			7
Software deferred revenue acquired (4)	Revenue	13		13		1.1	%	13			13
Software deferred commission expense acquired (5)	Selling, marketing and administration	—		—		—	%	(4		)	(4		)
Stock compensation expense (6)	Cost of sales	—		1		0.4	%	1			1
Stock compensation expense (6)	Research and development	—		—		—	%	4			4
Stock compensation expense (6)	Selling, marketing and administration	—		—		—	%	10			10
Acquired intangibles amortization (7)	Amortization	—		—		—	%	35			35
Adjusted		$	280	$	215	76.8	%	$	19		$	17		$	0.03

Note: Non-GAAP revenue, non-GAAP gross margin, non-GAAP gross margin percentage, non-GAAP income before income taxes, non-GAAP net income and non-GAAP basic 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 2020, the Company reported GAAP gross margin of $198 million or 74.2% of revenue. Excluding the impact of stock compensation expense and restructuring charges included in cost of sales and software deferred revenue acquired included in revenue, non-GAAP gross margin was $215 million, or 76.8% of revenue.

(2) During the third quarter of fiscal 2020, the Company recorded the Q3 Fiscal 2020 Debentures Fair Value Adjustment of $20 million. This adjustment was presented on a separate line in the Consolidated Statements of Operations.

(3) During the third quarter of fiscal 2020, the Company incurred restructuring charges of approximately $10 million, of which $3 million was included in cost of sales and $7 million was included selling, marketing and administration expense.

(4) During the third quarter of fiscal 2020, the Company recorded software deferred revenue acquired but not recognized due to business combination accounting rules of $13 million, which was included in BlackBerry Cylance revenue.

(5) During the third quarter of fiscal 2020, the Company recorded deferred commission expense acquired but not recognized due to business combination accounting rules of approximately of $4 million.

(6) During the third quarter of fiscal 2020, the Company recorded stock compensation expense of $15 million, of which $1 million was included in cost of sales, $4 million was included in research and development, and $10 million was included in selling, marketing and administration expense.

(7) During the third quarter of fiscal 2020, the Company recorded amortization of intangible assets acquired through business combinations of $35 million, which was included in amortization expense.

Supplementary Geographic Revenue Breakdown

BlackBerry Limited

(United States dollars, in millions)

Revenue by Region

	For the Quarters Ended
	November 30, 2019				August 31, 2019				May 31, 2019				February 28, 2019				November 30, 2018
North America	$	188	70.4	%	$	179	73.4	%	$	160	64.8	%	$	176	69.0	%	$	151	66.8	%
Europe, Middle East and Africa	60		22.5	%	47		19.3	%	61		24.7	%	61		23.9	%	56		24.8	%
Other regions	19		7.1	%	18		7.3	%	26		10.5	%	18		7.1	%	19		8.4	%
Total	$	267	100.0	%	$	244	100.0	%	$	247	100.0	%	$	255	100.0	%	$	226	100.0	%

Supplementary Revenue by Product and Service Type Breakdown

BlackBerry Limited

(United States dollars, in millions)

Revenue by Product and Service Type

	U.S. GAAP				Adjustments				Non-GAAP
	For the Three Months Ended				For the Three Months Ended				For the Three Months Ended
	November 30, 2019		November 30, 2018		November 30, 2019		November 30, 2018		November 30, 2019		November 30, 2018
IoT	$	145	$	148	$	—	$	2	$	145	$	150
BlackBerry Cylance	40		1		13		—		53		1
Licensing	77		68		—		—		77		68
Other	5		9		—		—		5		9
Total	$	267	$	226	$	13	$	2	$	280	$	228

Conference Call and Webcast

A conference call and live webcast will be held today beginning at 8 a.m. ET, which can be accessed by dialing 1- 877-682-6267 or by logging on at BlackBerry.com/Investors. A replay of the conference call will also be available at approximately 11 a.m. ET by dialing 1-800-585-8367 and entering Conference ID #9608207 and at the link above.

About BlackBerry

BlackBerry (NYSE: BB; TSX: BB) is a trusted security software and services company that provides enterprises and governments with the technology they need to secure the Internet of Things. Based in Waterloo, Ontario, the company is unwavering in its commitment to safety, cybersecurity and data privacy, and leads in key areas such as artificial intelligence, endpoint security and management, encryption and embedded systems. For more information, visit BlackBerry.com and follow @BlackBerry.

Investor Contact:

BlackBerry Investor Relations

+1-519-888-7465

investor_relations@blackberry.com

Media Contact:

BlackBerry Media Relations

(519) 597-7273

mediarelations@blackberry.com

###

This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding: BlackBerry’s plans, strategies and objectives including the anticipated benefits of its strategic initiatives and its intentions to expand and enhance its product and service offerings.

The words “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “could”, “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, 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 the following risks: BlackBerry’s ability to enhance, develop, introduce or monetize products and services for the enterprise market in a timely manner with competitive pricing, features and performance; BlackBerry’s ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; the intense competition faced by BlackBerry; the occurrence or perception of a breach of BlackBerry’s network or product security measures or an inappropriate disclosure of confidential or personal information could significantly harm its business; risks related to BlackBerry’s continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; BlackBerry’s dependence on its relationships with resellers and channel partners; risks related to acquisitions, divestitures, investments and other business initiatives, which may negatively affect BlackBerry’s results of operations; risks related to BlackBerry’s products and services being dependent upon interoperability with rapidly changing systems provided by third parties; the risk that failure to protect BlackBerry’s intellectual property could harm its ability to compete effectively and BlackBerry may not earn the revenues it expects from intellectual property rights; the risk that BlackBerry could be found to have infringed on the intellectual property rights of others; the risk that litigation against BlackBerry may result in adverse outcomes; risks related to the use and management of user data and personal information, which could give rise to liabilities as a result of legal, customer and other third-party requirements; BlackBerry’s ability to obtain rights to use third-party software; the risk that network disruptions or other business interruptions could have a material adverse effect on BlackBerry’s business and harm its reputation; BlackBerry’s ability to generate revenue and profitability through the licensing of security software and services or the BlackBerry brand to device manufacturers; the substantial asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; risks related to BlackBerry’s indebtedness, which could adversely affect its operating flexibility and financial condition; risks related to government regulations applicable to BlackBerry’s products and services, including products containing encryption capabilities, which could negatively impact BlackBerry’s business; risks related to foreign operations, including fluctuations in

foreign currencies; risks associated with any errors in BlackBerry’s products and services, which can be difficult to remedy and could have a material adverse effect on BlackBerry’s business; risks related to the failure of BlackBerry’s suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or to comply with applicable laws, which could negatively impact BlackBerry’s business; BlackBerry’s reliance on third parties to manufacture and repair its hardware products; risks related to the Company’s success in fostering an ecosystem of third-party application developers; risks related to regulations regarding health and safety, hazardous materials usage and conflict minerals, and to product certification risks; risks related to tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities, which could materially impact BlackBerry’s financial condition; risks related to the fluctuation of BlackBerry’s quarterly revenue and operating results; the volatility of the market price of BlackBerry’s common shares; and risks related to adverse economic and geopolitical conditions, which may negatively affect BlackBerry.

These risk factors and others relating to BlackBerry are discussed in greater detail in 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). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry’s forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry’s shareholders to view the anticipated performance and prospects of BlackBerry from management’s perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry’s financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry’s business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. 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 applicable law.

###

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 30, 2019			August 31, 2019			November 30, 2018			November 30, 2019			November 30, 2018
Revenue	$	267		$	244		$	226		$	758		$	649
Cost of sales	69			68			56			207			157
Gross margin	198			176			170			551			492
Gross margin %	74.2		%	72.1		%	75.2		%	72.7		%	75.8		%
Operating expenses
Research and development	66			62			55			199			167
Selling, marketing and administration	132			132			93			385			299
Amortization	49			48			33			146			105
Debentures fair value adjustment	(20		)	(23		)	(69		)	(71		)	(111		)
	227			219			112			659			460
Operating income (loss)	(29		)	(43		)	58			(108		)	32
Investment income (loss), net	(1		)	—			2			2			13
Income (loss) before income taxes	(30		)	(43		)	60			(106		)	45
Provision for income taxes	2			1			1			5			3
Net income (loss)	$	(32	)	$	(44	)	$	59		$	(111	)	$	42
Earnings (loss) per share
Basic	$	(0.06	)	$	(0.08	)	$	0.11		$	(0.20	)	$	0.08
Diluted	$	(0.07	)	$	(0.10	)	$	(0.01	)	$	(0.27	)	$	(0.09	)
Weighted-average number of common shares outstanding (000s)
Basic	554,585			552,343			540,406			552,931			538,251
Diluted	615,085			612,843			600,906			613,431			598,751
Total common shares outstanding (000s)	552,132			548,336			547,084			552,132			547,084

BlackBerry Limited

Incorporated under the Laws of Ontario

(United States dollars, in millions) (unaudited)

Consolidated Balance Sheets

	As at
	November 30, 2019			February 28, 2019
Assets
Current
Cash and cash equivalents	$	515		$	548
Short-term investments	367			368
Accounts receivable, net	216			233
Other receivables	13			19
Income taxes receivable	10			9
Other current assets	58			56
	1,179			1,233
Restricted cash and cash equivalents	32			34
Long-term investments	56			55
Other long-term assets	23			28
Deferred income tax assets	—			2
Operating lease right-of-use assets	133			—
Property, plant and equipment, net	76			85
Goodwill	1,459			1,463
Intangible assets, net	955			1,068
	$	3,913		$	3,968
Liabilities
Current
Accounts payable	$	27		$	48
Accrued liabilities	193			192
Income taxes payable	19			17
Debentures	609			—
Deferred revenue, current	264			253
	1,112			510
Deferred revenue, non-current	117			136
Operating lease liabilities	127			—
Other long-term liabilities	8			19
Long-term debentures	—			665
Deferred income tax liabilities	1			2
	1,365			1,332
Shareholders’ equity
Capital stock and additional paid-in capital	2,742			2,688
Deficit	(157		)	(32		)
Accumulated other comprehensive loss	(37		)	(20		)
	2,548			2,636
	$	3,913		$	3,968

BlackBerry Limited

Incorporated under the Laws of Ontario

(United States dollars, in millions) (unaudited)

Consolidated Statements of Cash Flows

	For the Nine Months Ended
	November 30, 2019			November 30, 2018
Cash flows from operating activities
Net income (loss)	$	(111	)	$	42
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization	160			116
Stock-based compensation	46			53
Non-cash consideration received from contract with a customer	(8		)	—
Debentures fair value adjustment	(71		)	(111		)
Other long-term assets	—			2
Operating leases	(12		)	—
Other	9			4
Net changes in working capital items:
Accounts receivable, net	17			13
Other receivables	6			46
Income taxes receivable	(1		)	13
Other assets	3			(1		)
Accounts payable	(21		)	(14		)
Income taxes payable	2			(1		)
Accrued liabilities	(24		)	(57		)
Deferred revenue	(10		)	(23		)
Other long-term liabilities	7			—
Net cash provided by (used in) operating activities	(8		)	82
Cash flows from investing activities
Acquisition of long-term investments	(1		)	(2		)
Proceeds on sale or maturity of long-term investments	—			2
Acquisition of property, plant and equipment	(9		)	(14		)
Proceeds on sale of property, plant and equipment	—			1
Acquisition of intangible assets	(24		)	(24		)
Business acquisitions, net of cash acquired	1			—
Acquisition of short-term investments	(829		)	(2,754		)
Proceeds on sale or maturity of short-term investments	830			2,962
Net cash provided by (used in) investing activities	(32		)	171
Cash flows from financing activities
Issuance of common shares	8			5
Finance lease liability	(2		)	—
Net cash provided by financing activities	6			5
Effect of foreign exchange loss on cash, cash equivalents, restricted cash, and restricted cash equivalents	(1		)	(3		)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents during the period	(35		)	255
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period	582			855
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period	$	547		$	1,110
As at	November 30, 2019			February 28, 2019
Cash and cash equivalents	$	515		$	548
Restricted cash and cash equivalents	$	32		$	34
Short-term investments	$	367		$	368
Long-term investments	$	56		$	55

Document 2

BlackBerry Investor Relations Income Statement Summary

GAAP Income Statement (Three Months Ended)	Q1 FY19			Q2 FY19			Q3 FY19			Q4 FY19			FY19			Q1 FY20			Q2 FY20			Q3 FY20
IoT	$	125		$	137		$	148		$	144		$	554		$	135		$	133		$	145
BlackBerry Cylance	1			—			1			3			5			33			35			40
Licensing	63			56			68			99			286			72			71			77
Software and services	189			193			217			246			845			240			239			262
Other	24			17			9			9			59			7			5			5
Revenue	213			210			226			255			904			247			244			267
Cost of sales	52			49			56			49			206			70			68			69
Gross margin	161			161			170			206			698			177			176			198
Operating expenses
Research and development	61			51			55			52			219			71			62			66
Selling, marketing and administration	100			106			93			110			409			121			132			132
Amortization	37			35			33			31			136			49			48			49
Debentures fair value adjustment	28			(70		)	(69		)	(6		)	(117		)	(28		)	(23		)	(20		)
Settlements, net	—			—			—			(9		)	(9		)	—			—			—
Total operating expenses	226			122			112			178			638			213			219			227
Operating income (loss)	(65		)	39			58			28			60			(36		)	(43		)	(29		)
Investment income (loss), net	6			5			2			4			17			3			—			(1		)
Income (loss) before income taxes	(59		)	44			60			32			77			(33		)	(43		)	(30		)
Provision for (recovery of) income taxes	1			1			1			(19		)	(16		)	2			1			2
Net income (loss)	$	(60	)	$	43		$	59		$	51		$	93		$	(35	)	$	(44	)	$	(32	)
Earnings (loss) per share
Basic earnings (loss) per share	$	(0.11	)	$	0.08		$	0.11		$	0.09		$	0.17		$	(0.06	)	$	(0.08	)	$	(0.06	)
Diluted earnings (loss) per share	$	(0.11	)	$	(0.04	)	$	(0.01	)	$	0.08		$	0.00		$	(0.09	)	$	(0.10	)	$	(0.07	)
Weighted-average number of common shares outstanding (000s)
Basic	536,964			537,299			540,406			547,272			540,477			551,845			552,343			554,585
Diluted	536,964			597,799			600,906			615,593			616,467			612,345			612,843			615,085
Non-GAAP Adjustments (Three Months Ended, Pre-Tax and After Tax)	Q1 FY19			Q2 FY19			Q3 FY19			Q4 FY19			FY19			Q1 FY20			Q2 FY20			Q3 FY20
Debentures fair value adjustment	28			(70		)	(69		)	(6		)	(117		)	(28		)	(23		)	(20		)
Restructuring charges	4			3			1			3			11			1			3			10
Software deferred revenue acquired	4			4			2			2			12			20			17			13
Software deferred commission acquired	—			—			—			—			—			(5		)	(4		)	(4		)
Stock compensation expense	18			21			15			14			68			17			14			15
Acquired intangibles amortization	22			22			20			18			82			35			36			35
Business acquisition and integration	1			(2		)	5			8			12			1			2			—
Settlements, net	—			—			—			(9		)	(9		)	—			—			—
Acquisition valuation allowance	—			—			—			(21		)	(21		)	(1		)	—			—
Total Non-GAAP Adjustments	$	77		$	(22	)	$	(26	)	$	9		$	38		$	40		$	45		$	49
Non-GAAP Gross Profit	Q1 FY19			Q2 FY19			Q3 FY19			Q4 FY19			FY19			Q1 FY20			Q2 FY20			Q3 FY20
GAAP revenue	$	213		$	210		$	226		$	255		$	904		$	247		$	244		$	267
Software deferred revenue acquired	4			4			2			2			12			20			17			13
Non-GAAP revenue	217			214			228			257			916			267			261			280
Total cost of sales	52			49			56			49			206			70			68			69
Non-GAAP adjustments to cost of sales	(1		)	(2		)	(1		)	(2		)	(6		)	(2		)	(2		)	(4		)
Non-GAAP Gross Profit	$	166		$	167		$	173		$	210		$	716		$	199		$	195		$	215

Adjusted EBITDA	Q1 FY19			Q2 FY19			Q3 FY19			Q4 FY19			FY19			Q1 FY20			Q2 FY20			Q3 FY20
GAAP operating income (loss)	$	(65	)	$	39		$	58		$	28		$	60		$	(36	)	$	(43	)	$	(29	)
Non-GAAP adjustments to operating income (loss)	77			(22		)	(26		)	30			59			41			45			49
Non-GAAP operating income	12			17			32			58			119			5			2			20
Amortization	41			38			37			33			149			53			54			53
Acquired intangibles amortization	(22		)	(22		)	(20		)	(18		)	(82		)	(35		)	(36		)	(35		)
Adjusted EBITDA	$	31		$	33		$	49		$	73		$	186		$	23		$	20		$	38
Reconciliation from GAAP Net Income (Loss) to Non-GAAP Net Income and Non-GAAP Earnings per Share	Q1 FY19			Q2 FY19			Q3 FY19			Q4 FY19			FY19			Q1 FY20			Q2 FY20			Q3 FY20
GAAP net income (loss)	$	(60	)	$	43		$	59		$	51		$	93		$	(35	)	$	(44	)	$	(32	)
Total Non-GAAP adjustments (three months ended, after-tax)	77			(22		)	(26		)	9			38			40			45			49
Non-GAAP Net Income	$	17		$	21		$	33		$	60		$	131		$	5		$	1		$	17
Non-GAAP Earnings per Share	$	0.03		$	0.04		$	0.06		$	0.11		$	0.24		$	0.01		$	0.00		$	0.03
Shares outstanding for Non-GAAP earnings per share reconciliation	536,964			537,299			540,406			547,272			540,477			551,845			552,343			554,585

Non-GAAP revenue, non-GAAP income before income taxes, non-GAAP net income, non-GAAP gross profit, adjusted EBITDA 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. 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 FY19		Q2 FY19		Q3 FY19		Q4 FY19		FY19		Q1 FY20		Q2 FY20		Q3 FY20
Cost of sales	$	—	$	1	$	—	$	1	$	2	$	1	$	1	$	3
Research and development	2		—		—		—		2		—		—		—
Selling, marketing and administration	2		2		1		2		7		—		2		7
Total restructuring charges	$	4	$	3	$	1	$	3	$	11	$	1	$	3	$	10

BlackBerry Investor Relations Amortization of Intangibles and Property, Plant and Equipment Details

	Q1 FY19		Q2 FY19		Q3 FY19		Q4 FY19		FY19		Q1 FY20		Q2 FY20		Q3 FY20
Cost of sales amortization
Property, plant and equipment	$	2	$	1	$	2	$	1	$	6	$	1	$	2	$	1
Intangible assets	2		2		2		1		7		3		4		3
Total in cost of sales	4		3		4		2		13		4		6		4
Operating expenses amortization
Property, plant and equipment	3		3		4		4		14		5		4		5
Intangible assets	34		32		29		27		122		44		44		44
Total in operating expenses amortization	37		35		33		31		136		49		48		49
Total amortization
Property, plant and equipment	5		4		6		5		20		6		6		6
Intangible assets	36		34		31		28		129		47		48		47
Total amortization	$	41	$	38	$	37	$	33	$	149	$	53	$	54	$	53

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 20, 2019	By:	/s/ Steve Rai
			Name:	Steve Rai
			Title:	Chief Financial Officer