BlackBerry Limited (BB) 8-K BlackBerry Reports Fiscal Fourth Quarter and Fiscal Year 2020 Results

Exhibit 99.2

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		Q4 FY20		FY20
IoT	$	125	$	137	$	148	$	144	$	554	$	135	$	133	$	145	$	127	$	540
BlackBerry Cylance	1		—		1		3		5		33		35		40		43		151
Licensing	63		56		68		99		286		72		71		77		108		328
Software and services	189		193		217		246		845		240		239		262		278		1,019
Other	24		17		9		9		59		7		5		5		4		21
Revenue	213		210		226		255		904		247		244		267		282		1,040
Cost of sales	52		49		56		49		206		70		68		69		70		277
Gross margin	161		161		170		206		698		177		176		198		212		763
Operating expenses
Research and development	61		51		55		52		219		71		62		66		60		259
Selling, marketing and administration	100		106		93		110		409		121		130		129		113		493
Amortization	37		35		33		31		136		49		48		49		48		194
Impairment of long-lived assets	—		—		—		—		—		—		2		3		5		10
Impairment of goodwill	—		—		—		—		—		—		—		—		22		22
Debentures fair value adjustment	28		(70)		(69)		(6)		(117)		(28)		(23)		(20)		5		(66)
Arbitration awards and settlements, net	—		—		—		(9)		(9)		—		—		—		—		—
Total operating expenses	226		122		112		178		638		213		219		227		253		912
Operating income (loss)	(65)		39		58		28		60		(36)		(43)		(29)		(41)		(149)
Investment income (loss), net	6		5		2		4		17		3		—		(1)		(1)		1
Income (loss) before income taxes	(59)		44		60		32		77		(33)		(43)		(30)		(42)		(148)
Provision for (recovery of) income taxes	1		1		1		(19)		(16)		2		1		2		(1)		4
Net income (loss)	$	(60)	$	43	$	59	$	51	$	93	$	(35)	$	(44)	$	(32)	$	(41)	$	(152)
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)	$	(0.07)	$	(0.27)
Diluted earnings (loss) per share	$	(0.11)	$	(0.04)	$	(0.01)	$	0.08	$	0.00	$	(0.09)	$	(0.10)	$	(0.07)	$	(0.07)	$	(0.32)
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		556,668		553,861
Diluted	536,964		597,799		600,906		615,593		616,467		612,345		612,843		615,085		556.668		614,361
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		Q4 FY20		FY20
Debentures fair value adjustment	28		(70)		(69)		(6)		(117)		(28)		(23)		(20)		5		(66)
Restructuring charges	4		3		1		3		11		1		1		7		1		10
Software deferred revenue acquired	4		4		2		2		12		20		17		13		9		59
Software deferred commission acquired	—		—		—		—		—		(5)		(4)		(4)		(3)		(16)
Stock compensation expense	18		21		15		14		68		17		14		15		17		63
Acquired intangibles amortization	22		22		20		18		82		35		36		35		35		141
Business acquisition and integration	1		(2)		5		8		12		1		2		—		1		4
Arbitration awards and settlements, net	—		—		—		(9)		(9)		—		—		—		—		—
Goodwill impairment charge	—		—		—		—		—		—		—		—		22		22
LLA impairment charge	—		—		—		—		—		—		2		3		5		10
Acquisition valuation allowance	—		—		—		(21)		(21)		(1)		—		—		—		(1)
Total Non-GAAP Adjustments	$	77	$	(22)	$	(26)	$	9	$	38	$	40	$	45	$	49	$	92	$	226
Non-GAAP Gross Profit	Q1 FY19		Q2 FY19		Q3 FY19		Q4 FY19		FY19		Q1 FY20		Q2 FY20		Q3 FY20		Q4 FY20		FY20
GAAP revenue	$	213	$	210	$	226	$	255	$	904	$	247	$	244	$	267	$	282	$	1,040
Software deferred revenue acquired	4		4		2		2		12		20		17		13		9		59
Non-GAAP revenue	217		214		228		257		916		267		261		280		291		1,099
Total cost of sales	52		49		56		49		206		70		68		69		70		277
Non-GAAP adjustments to cost of sales	(1)		(2)		(1)		(2)		(6)		(2)		(2)		(4)		(2)		(10)
Non-GAAP Gross Profit	$	166	$	167	$	173	$	210	$	716	$	199	$	195	$	215	$	223	$	832

Adjusted EBITDA	Q1 FY19		Q2 FY19		Q3 FY19		Q4 FY19		FY19		Q1 FY20		Q2 FY20		Q3 FY20		Q4 FY20		FY20
GAAP operating income (loss)	$	(65)	$	39	$	58	$	28	$	60	$	(36)	$	(43)	$	(29)	$	(41)	$	(149)
Non-GAAP adjustments to operating income (loss)	77		(22)		(26)		30		59		41		45		49		92		227
Non-GAAP operating income	12		17		32		58		119		5		2		20		51		78
Amortization	41		38		37		33		149		53		54		53		52		212
Acquired intangibles amortization	(22)		(22)		(20)		(18)		(82)		(35)		(36)		(35)		(35)		(141)
Adjusted EBITDA	$	31	$	33	$	49	$	73	$	186	$	23	$	20	$	38	$	68	$	149
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		Q4 FY20		FY20
GAAP net income (loss)	$	(60)	$	43	$	59	$	51	$	93	$	(35)	$	(44)	$	(32)	$	(41)	$	(152)
Total Non-GAAP adjustments (three months ended, after-tax)	77		(22)		(26)		9		38		40		45		49		92		226
Non-GAAP Net Income	$	17	$	21	$	33	$	60	$	131	$	5	$	1	$	17	$	51	$	74
Non-GAAP Earnings per Share	$	0.03	$	0.04	$	0.06	$	0.11	$	0.24	$	0.01	$	0.00	$	0.03	$	0.09	$	0.13
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		556.668		553,861

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		Q4 FY20		FY20
Cost of sales	$	—	$	1	$	—	$	1	$	2	$	1	$	1	$	3	$	—	$	5
Research and development	2		—		—		—		2		—		—		—		—		—
Selling, marketing and administration	2		2		1		2		7		—		—		4		1		5
Total restructuring charges	$	4	$	3	$	1	$	3	$	11	$	1	$	1	$	7	$	1	$	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		Q4 FY20		FY20
Cost of sales amortization
Property, plant and equipment	$	2	$	1	$	2	$	1	$	6	$	1	$	2	$	1	$	2	$	6
Intangible assets	2		2		2		1		7		3		4		3		2		12
Total in cost of sales	4		3		4		2		13		4		6		4		4		18
Operating expenses amortization
Property, plant and equipment	3		3		4		4		14		5		4		5		4		18
Intangible assets	34		32		29		27		122		44		44		44		44		176
Total in operating expenses amortization	37		35		33		31		136		49		48		49		48		194
Total amortization
Property, plant and equipment	5		4		6		5		20		6		6		6		6		24
Intangible assets	36		34		31		28		129		47		48		47		46		188
Total amortization	$	41	$	38	$	37	$	33	$	149	$	53	$	54	$	53	$	52	$	212

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.