This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. 11/26/11
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Research In Motion TSX: RIM NASDAQ RIMM www.rim.com Fiscal Yr: Mar 1
Year 3/1/00 3/1/01 3/1/02 3/1/03 3/1/04 3/1/05 3/1/06 3/1/07 3/1/08 2/28/09 2/27/10 2/26/11 3/1/12 3/1/13 #Y
Accounting Rules US GAAP
USD - CDN$ 1.4473 1.5458 1.9520 1.4846 1.3395 1.2425 1.1365 1.1711 0.9796 1.2884 1.0548 0.9800 1.0022 1.0022
Split 2 3
Revenue US$* $84.967 $221.3 $294.1 $306.7 $594.6 $1,350.4 $2,065.8 $3,037.1 $6,009.4 $11,065.2 $14,953.2 $19,907 $18,879 $17,877 8894.38% <-Total Growth 10 Revenue US$
Increase 79.47% 160.49% 32.86% 4.31% 93.86% 127.11% 52.97% 47.02% 97.87% 84.13% 35.14% 33.13% -5.16% -5.31% 56.82% <-IRR #YR-> 10 Revenue US$
Rev per Share $0.20 $0.47 $0.62 $0.66 $1.07 $2.38 $3.70 $5.45 $10.68 $19.54 $26.83 $38.00 $36.04 $34.12 57.32% <-IRR #YR-> 5 Revenue US$
P/S (Price/Sales) 55.29 13.51 6.90 3.18 15.37 9.12 7.77 8.32 9.72 2.21 2.64 1.74 0.46 0.49 55.13% <-IRR #YR-> 10 Revenue US$
*Revenue in M US $  P/S 10 yr  7.33 5 yr  2.64 59.32% <-IRR #YR-> 5 Revenue US$
-$221.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $19,907
-$2,065.8 $0.0 $0.0 $0.0 $0.0 $19,907
-$0.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $38.00
-$3.70 $0.00 $0.00 $0.00 $0.00 $38.00
Revenue Cdn $ $122.97 $342.13 $573.99 $455.37 $796.49 $1,677.9 $2,347.8 $3,556.8 $5,886.8 $14,256.6 $15,772.5 $19,509 $18,921 $17,916 5602.32% <-Total Growth 10 Revenue CDN$
Increase 70.57% 178.21% 67.77% -20.67% 74.91% 110.67% 39.92% 51.49% 65.51% 142.18% 10.63% 23.69% -3.02% -5.31% 49.83% <-IRR #YR-> 10 Revenue CDN$
Rev per Share $0.29 $0.73 $1.21 $0.98 $1.44 $2.95 $4.21 $6.38 $10.46 $25.18 $28.30 $37.24 $36.12 $34.20 52.73% <-IRR #YR-> 5 Revenue CDN$
P/S (Price/Sales) 55.29 13.51 5.70 3.18 15.66 9.15 7.92 8.36 9.80 2.18 2.63 1.73 0.46 0.49 48.22% <-IRR #YR-> 10 Rev per Share CDN$
*Revenue in M CDN $  P/S 10 yr  6.81 5 yr  2.63 54.67% <-IRR #YR-> 5 Rev per Share CDN$
Pre-split '07 $0.14 -$0.08 -$0.36 -$1.91 $0.62 $1.09 $1.96 $3.31
EPS* $0.05 -$0.03 -$0.12 -$0.64 $0.21 $0.36 $0.65 $1.10 $2.26 $3.30 $4.31 $6.34 $4.11 $2.93 -23875.00% <-Total Growth 10 Earnings US$
Increase 40.00% -157.14% 350.00% 430.56% -132.46% 75.81% 79.82% 68.88% 104.83% 46.02% 30.61% 47.10% -35.17% -28.71% 63.08% <-IRR #YR-> 7 Earnings US$
Earnings Yield 0.4% -0.4% -2.8% -30.3% 1.3% 1.7% 2.3% 2.4% 2.2% 7.7% 6.1% 9.6% 24.6% 17.5% 54.83% <-IRR #YR-> 5 Earnings US$
* ESP per share $ US (Cdn GAAP) E/P 10 Yrs 2.22% 5Yrs 6.08%
-$0.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.34
-$1.10 $0.00 $0.00 $0.00 $6.34
Pre-split '07 CDN$
EPS* $0.07 -$0.04 -$0.23 -$0.95 $0.28 $0.45 $0.74 $1.29 $2.21 $4.25 $4.55 $6.21 $4.12 $2.94 -15173.04% <-Total Growth 10 Earnings CDN$
Increase 33.05% -161.03% 468.25% 303.52% -129.29% 63.08% 64.48% 74.02% 71.34% 92.05% 6.92% 36.67% -33.71% -28.71% 55.96% <-IRR #YR-> 7 Earnings CDN$
Earnings Yield 0.4% -0.4% -3.4% -30.3% 1.2% 1.7% 2.2% 2.4% 2.2% 7.8% 6.1% 9.6% 24.7% 17.6% 48.08% <-IRR #YR-> 5 Earnings CDN$
* ESP per share $ US (Cdn GAAP) E/P 10 Yrs 2.19% 5Yrs 6.10%
-$0.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.21
-$1.29 $0.00 $0.00 $0.00 $6.21
Graham Price $1.05 $1.77 $1.95 $1.54 $4.39 $5.95 $7.74 $11.38 $18.66 $31.50 $37.35 $48.84 $42.47 $35.86 2666.00% <-Total Growth 10 Graham Price CDN$
Prem /Disc.Med H/L 2016.2% 1084.6% 233.1% 224.0% 188.2% 368.9% 270.6% 246.2% 361.2% 210.2% 88.0% 26.4% 228.58% <-Median-> 10 Graham Price CDN$
Prem/Disc High 3102.2% 1814.3% 349.0% 402.7% 412.4% 501.9% 350.5% 388.7% 561.9% 375.8% 152.6% 59.2% 382.26% <-Median-> 10 Graham Price CDN$
Prem/Disc Low 930.2% 355.0% 117.2% 45.4% -36.1% 235.9% 190.7% 103.8% 160.4% 44.5% 23.3% -6.4% 74.58% <-Median-> 10 Graham Price CDN$
Prem/Disc Cl 1410.7% 456.9% 254.9% 102.5% 412.4% 353.5% 330.9% 368.8% 449.4% 73.9% 99.6% 32.3% -60.8% -53.6% 292.92% <-Median-> 10 Graham Price CDN$
pre-split '05 $95.30 $59.00 $0.00 $18.73
pre-split '07 $47.65 $29.50 $20.75 $9.37 $67.50 $81.00 $100.00 $160.05
Price Cl CDN$ $15.88 $9.83 $6.92 $3.12 $22.50 $27.00 $33.33 $53.35 $102.53 $54.78 $74.55 $64.61 $16.65 $16.65 557.05% 140.72% 10 Stock Price CDN$
Increase 376.50% -38.09% -29.66% -54.87% 620.77% 20.00% 23.46% 60.05% 92.18% -46.57% 36.09% -13.33% -74.23% 0.00% 20.71% 9.18% 10 Stock Price CDN$
P/E 235.17 -238.55 -29.53 -3.30 81.28 59.81 44.89 41.29 46.31 12.88 16.40 10.40 4.04 5.67 14.15% -20.78% 5 Stock Price CDN$
Trailing P/E 312.89 145.59 -167.79 -13.33 -23.80 97.53 73.84 71.85 79.35 24.74 17.53 14.21 2.68 4.04
Median 10, 5 Yrs Price Inc 36.09% P/E:  28.84 16.40
-$6.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.65
-$53.35 $0.00 $0.00 $0.00 $0.00 $16.65
Price H/L CDN$ $22.25 $20.92 $6.49 $5.00 $12.65 $27.92 $28.67 $39.40 $86.06 $97.71 $70.21 $61.73 195.10% <-Total Growth 10 Stock Price CDN$
Increase 789.97% -5.99% -68.96% -23.04% 153.26% 120.64% 2.70% 37.41% 118.44% 13.54% -28.14% -12.09% 11.43% <-IRR #YR-> 10 Stock Price CDN$
P/E 329.42 -507.42 -27.71 -5.29 45.70 61.84 38.61 30.49 38.87 22.98 15.44 9.93 16.57% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 438.29 309.69 -157.48 -21.33 -13.39 100.84 63.51 53.06 66.60 44.13 16.51 13.58
Median 10, 5 Yrs Price Inc 13.54% P/E:  26.74 22.98
-$20.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $61.73
-$28.67 $0.00 $0.00 $0.00 $0.00 $61.73
CDN Month Nov 07 Jun 08 Jun 09 Mar 10
pre-split '05 $202.00 $202.80 $52.50 $46.50
pre-split '07 $101.00 $101.40 $26.25 $23.25 $67.50 $107.50 $104.56 $166.83
Price Hi CDN$ $33.67 $33.80 $8.75 $7.75 $22.50 $35.83 $34.85 $55.61 $123.52 $149.90 $94.36 $77.76 130.06% <-Total Growth 10 Stock Price CDN$
Increase 910.00% 0.40% -74.11% -11.43% 190.32% 59.26% -2.73% 59.55% 122.12% 21.36% -37.05% -17.59% 8.69% <-IRR #YR-> 10 Stock Price CDN$
P/E 498.47 -819.96 -37.35 -8.20 81.28 79.38 46.94 43.04 55.79 35.26 20.76 12.52 17.41% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 663.21 500.44 -212.27 -33.09 -23.80 129.44 77.20 74.89 95.60 67.71 22.19 17.10
Median 10, 5 Yrs Price Inc 21.36% P/E:  39.15 35.26
-$33.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $77.76
-$34.85 $0.00 $0.00 $0.00 $0.00 $77.76
CDN Month Mar 07 Dec 08 Mar 09 Sep 10
pre-split '05 $64.99 $48.20 $25.40 $13.45
pre-split '07 $32.50 $24.10 $12.70 $6.73 $8.42 $60.00 $67.47 $69.56
Price Low CDN$ $10.83 $8.03 $4.23 $2.24 $2.81 $20.00 $22.49 $23.19 $48.60 $45.52 $46.06 $45.69 468.76% <-Total Growth 10 Stock Price CDN$
Increase 549.90% -25.83% -47.30% -47.05% 25.13% 613.01% 12.45% 3.10% 109.60% -6.34% 1.19% -0.80% 18.99% <-IRR #YR-> 10 Stock Price CDN$
P/E 160.37 -194.88 -18.07 -2.37 10.13 44.30 30.29 17.94 21.95 10.71 10.13 7.35 15.23% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 213.38 118.94 -102.70 -9.57 -2.97 72.25 49.82 31.23 37.61 20.56 10.83 10.05
Median 10, 5 Yrs Price Inc 1.19% P/E:  10.42 10.71
-$8.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45.69
-$22.49 $0.00 $0.00 $0.00 $0.00 $45.69
US Prices
pre-split '05 $65.85 $38.17 $25.72 $12.62
pre-split '07 $32.92 $19.08 $12.86 $6.31 $49.45 $65.00 $86.28 $135.97
Price Cl US$ $10.97 $6.36 $4.29 $2.10 $16.48 $21.67 $28.76 $45.32 $103.80 $43.11 $70.88 $65.99 $16.71 $16.71 937.36% 289.81% 10 Stock Price US$
Increase 401.39% -42.04% -32.61% -50.93% 683.68% 31.45% 32.74% 57.59% 129.02% -58.47% 64.42% -6.90% -74.68% 0.00% 26.36% 14.57% 10 Stock Price US$
P/E 235.17 -238.55 -35.72 -3.30 79.76 59.63 44.02 41.08 45.93 13.06 16.45 10.41 4.07 5.70 18.07% -18.09% 5 Stock Price US$
Trailing P/E 329.23 136.31 -160.75 -17.53 -25.89 104.84 79.16 69.37 94.08 19.08 21.48 15.31 2.64 4.07
Median 10, 5 Yrs Price Inc 57.59% P/E:  28.76 16.45
-$4.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.71
-$45.32 $0.00 $0.00 $0.00 $0.00 $16.71
Price H/L US$ $15.37 $13.53 $3.33 $3.15 $9.16 $23.67 $24.35 $34.31 $88.64 $92.38 $60.51 $59.39 338.91% <-Total Growth 10 Stock Price US$
Increase 836.45% -11.98% -75.42% -5.21% 190.56% 158.37% 2.89% 40.89% 158.35% 4.21% -34.50% -1.85% 15.94% <-IRR #YR-> 10 Stock Price US$
P/E 329.42 -507.42 -27.71 -4.95 44.32 65.14 37.27 31.10 39.22 27.99 14.04 9.37 19.52% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 461.19 289.96 -124.71 -26.27 -14.39 114.52 67.02 52.52 80.34 40.87 18.34 13.78
Median 10, 5 Yrs Price Inc 4.21% P/E:  29.54 27.99
-$13.53 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $59.39
-$24.35 $0.00 $0.00 $0.00 $0.00 $59.39
US Month Feb Feb May Jan 07 Nov 07 Dec 08 Sep 09 Mar 10
pre-split '05 $139.57 $131.19 $26.90 $29.29
pre-split '07 $69.79 $65.60 $13.45 $14.65 $49.45 $99.00 $88.71 $142.16
Price Hi US$ $23.26 $21.87 $4.48 $4.88 $16.48 $33.00 $29.57 $47.39 $133.03 $147.55 $85.77 $75.94 247.30% <-Total Growth 10 Stock Price US$
Increase 962.76% -6.00% -79.50% 8.90% 237.66% 100.20% -10.39% 60.25% 180.73% 10.91% -41.87% -11.46% 13.26% <-IRR #YR-> 10 Stock Price US$
P/E 498.47 -819.96 -37.35 -7.67 79.76 90.83 45.26 42.95 58.86 44.71 19.90 11.98 20.76% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 697.85 468.55 -168.10 -40.68 -25.89 159.68 81.39 72.53 120.57 65.29 25.99 17.62
Median 10, 5 Yrs Price Inc 10.91% P/E:  43.83 42.95
-$21.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $75.94
-$29.57 $0.00 $0.00 $0.00 $0.00 $75.94
US Month Mar-Jun Mar-Jun Oct Jun 06 Mar 07 Dec 09 Mar 09 Aug 10
pre-split '05 $44.90 $31.18 $13.01 $8.54
pre-split '07 $22.45 $15.59 $6.51 $4.27 $5.51 $43.00 $57.40 $63.70
Price Low US$ $7.48 $5.20 $2.17 $1.42 $1.84 $14.33 $19.13 $21.23 $44.25 $37.20 $35.25 $42.84 724.34% <-Total Growth 10 Stock Price US$
Increase 583.85% -30.56% -58.27% -34.37% 29.04% 680.40% 33.49% 10.98% 108.40% -15.93% -5.24% 21.53% 23.48% <-IRR #YR-> 10 Stock Price US$
P/E 160.37 -194.88 -18.07 -2.24 8.89 39.45 29.29 19.24 19.58 11.27 8.18 6.76 17.49% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 224.52 111.36 -81.33 -11.86 -2.88 69.35 52.66 32.50 40.11 16.46 10.68 9.94
Median 10, 5 Yrs Price Inc 10.98% P/E:  10.08 11.27
-$5.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.84
-$19.13 $0.00 $0.00 $0.00 $0.00 $42.84
Market Cap M$ $6,800 $4,623 $3,273 $1,447 $12,476 $15,348 $18,600 $29,749 $57,689 $31,017 $41,549 $33,847 $8,722 $8,722 CDN
pre-split '05 71.350 78.348 78.866 77.247 92.415 CDN$
pre-split '07 142.700 156.696 157.732 154.494 184.830 189.485 186.002 185.871 CDN$
# of Shares 428.100 470.088 473.196 463.482 554.490 568.455 558.006 557.613 562.652 566.219 557.328 523.869 523.869 523.869 Capital Stock Shares CDN$
Increase 10.80% 9.81% 0.66% -2.05% 19.64% 2.52% -1.84% -0.07% 0.90% 0.63% -1.57% -6.00% 0.00% 0.00% 0.28% <-Median-> 10 Shares CDN$
CF fr Op $M US$ -$15.75 -$15.67 $17.71 $2.79 $63.84 $277.98 $150.09 $735.67 $1,576.6 $1,451.8 $3,034.9 $4,009 $3,022.7 $2,462.2 22543% <-Total Growth 9 Cash Flow US$
OPS US$ -$0.04 -$0.03 $0.04 $0.01 $0.12 $0.49 $0.27 $1.32 $2.80 $2.56 $5.45 $7.65 $5.77 $4.70 20353% <-Total Growth 9 Cash Flow US$
CF fr Op $M CDN$ -$22.79 -$24.22 $34.56 $4.14 $85.51 $345.39 $170.58 $861.54 $1,544.4 $1,870.6 $3,201.2 $3,929 $3,029.4 $2,467.6 11268% <-Total Growth 9 Cash Flow CDN$
OPS CDN$ -$0.05 -$0.05 $0.07 $0.01 $0.15 $0.61 $0.31 $1.55 $2.74 $3.30 $5.74 $7.50 $5.78 $4.71 10169% <-Total Growth 9 Cash Flow CDN$
Increase -3.23% -241.78% -87.76% 1625.55% 294.01% -49.69% 405.43% 77.66% 20.36% 73.86% 30.57% -22.89% -18.54% 67.30% <-IRR #YR-> 9 Cash Flow CDN$
Less Non-Cash CF US$ $31.4 $38.3 -$40.0 -$91.1 $43.6 -$141.6 $390.7 $142.6 -$130.8 $769.1 $161.0 $496.0 $0.0 $0.0 89.65% <-IRR #YR-> 5 Cash Flow CDN$
Less Non-Cash CF CDN$ $45.5 $59.3 -$78.1 -$135.2 $58.4 -$176.0 $444.0 $167.0 -$128.1 $990.9 $169.8 $486.1 $0.0 $0.0 51.67% <-IRR #YR-> 10 Cash Flow CDN$
OPS non-cash CDN$ $0.05 $0.07 -$0.09 -$0.28 $0.26 $0.30 $1.10 $1.84 $2.52 $5.05 $6.05 $8.43 $5.78 $4.71 50.23% <-IRR #YR-> 5 Cash Flow CDN$
P/CF on Cl 299.8 131.9 -75.2 -11.0 86.7 90.6 30.3 28.9 40.7 10.8 12.3 7.7 2.9 3.5
*Operational Cash Flow per share CDN$ P/CF 10 yr 20.62 5 yr  12.33
-$0.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.50
-$0.31 $0.00 $0.00 $0.00 $0.00 $7.50
-$0.07 $0.00 $0.00 $0.00 -$0.30 $0.00 $0.00 $0.00 $0.00 $0.00 $8.43
-$1.10 $0.00 $0.00 $0.00 $0.00 $8.43
OPM -18.53% -7.08% 6.02% 0.91% 10.74% 20.58% 7.27% 24.22% 26.24% 13.12% 20.30% 20.14% should be zero, it is a check on calculations CDN$
Diff from Ave. -211.4% -142.6% -63.8% -94.5% -35.4% 23.8% -56.3% 45.7% 57.8% -21.1% 22.0% 21.1% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 16.63% 5 Yrs 20.30%
Q3 2011
Curr Assets US$ $428.38 $1,355.4 $1,544.2 $1,256.6 $1,919.3 $3,477.3 $4,842 $5,813 $7,488 $7,202 Liq ratio of 1.5 and up, best Assets US$
Curr Liab. $149.10 $208.9 $630.8 $278.7 $546.6 $1,474.4 $2,115 $2,432 $3,630 $3,564 2.45 <-Median-> 9 Liabilities US$
Liquidity 2.87 6.49 2.45 4.51 3.51 2.36 2.29 2.39 2.06 2.02 2.36 <-Median-> 5 Ratio US$
Curr Assets CDN$ 635.97 1815.56 1918.73 1428.10 2247.65 3406.41 6238.00 6131.13 7338.37 7217.84 Liq ratio of 1.5 and up, best Assets CDN$
Curr Liab. 221.35 279.79 783.79 316.72 640.09 1444.35 2725.46 2565.01 3557.46 3571.84 2.45 <-Median-> 9 Liabilities CDN$
Liquidity 2.87 6.49 2.45 4.51 3.51 2.36 2.29 2.39 2.06 2.02 2.36 <-Median-> 5 Ratio CDN$
Assets US$ $337.23 $970.06 $948.16 $861.66 $1,931.38 $2,621.0 $2,312.2 $3,088.9 $5,511.2 $8,101 $10,204 $12,875 $14,037 A/L ratio of 1.5 and up, best Assets US$
Liab. $25.84 $67.13 $71.41 $154.88 $215.12 $637.3 $313.4 $605.4 $1,577.6 $2,227 $2,602 $3,937 $3,840 4.61 <-Median-> 10 Liabilities US$
Asset/Debt 13.05 14.45 13.28 5.56 8.98 4.11 7.38 5.10 3.49 3.64 3.92 3.27 3.66 3.64 <-Median-> 5 Ratio US$
Assets CDN$ $488.07 $1,499.52 $1,850.80 $1,279.21 $2,587.08 $3,256.6 $2,627.8 $3,617.5 $5,398.8 $10,438.0 $10,763.5 $12,618 $14,068 A/L ratio of 1.5 and up, best Assets CDN$
Liab. $37.39 $103.77 $139.40 $229.93 $288.15 $791.9 $356.2 $709.0 $1,545.4 $2,869.6 $2,744.3 $3,858.3 $3,848.4 4.61 <-Median-> 10 Liabilities CDN$
Asset/Debt 13.05 14.45 13.28 5.56 8.98 4.11 7.38 5.10 3.49 3.64 3.92 3.27 3.66 3.64 <-Median-> 5 Ratio CDN$
Preferred Shares  $0 $0 $0 $0
Book Value US$ $311 $903 $877 $707 $1,716 $1,984 $1,999 $2,484 $3,934 $5,874 $7,603 $8,938 $10,197 $10,197 890% <-Total Growth 10 Book Value US$
Book Value CDN$ $451 $1,396 $1,711 $1,049 $2,299 $2,465 $2,272 $2,908 $3,853 $7,568 $8,019 $8,759 $10,219 $10,219 528% <-Total Growth 10 Book Value CDN$
BV per share $1.05 $2.97 $3.62 $2.26 $4.15 $4.34 $4.07 $5.22 $6.85 $13.37 $14.39 $16.72 $19.51 $19.51 463% <-Total Growth 10 Book Value CDN$
Change 148.45% 182.04% 21.81% -37.40% 83.14% 4.58% -6.11% 28.12% 31.30% 95.17% 7.65% 16.21% 16.67% 0.00% 0.1925 Current/Historical Book Value CDN$
P/BV (CL) 10.42 2.14 1.19 0.93 3.98 5.00 7.06 8.69 15.16 3.23 4.93 3.95 0.86 0.86 18.87% <-IRR #YR-> 10 Book Value CDN$
Change 101.81% -79.45% -44.68% -21.61% 327.92% 25.69% 41.38% 23.00% 74.42% -78.72% 52.74% -19.88% -78.30% 0.00% 32.65% <-IRR #YR-> 5 Book Value CDN$
Leverage (A/BK) 1.08 1.07 1.08 1.22 1.13 1.32 1.16 1.24 1.40 1.38 1.34 1.44 1.38 0.00 1.28 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 0.08 0.07 0.08 0.22 0.13 0.32 0.16 0.24 0.40 0.38 0.34 0.44 0.38 0.28 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 4.45 5 yr Med 4.93
-$2.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.72
-$4.07 $0.00 $0.00 $0.00 $0.00 $16.72
ROE US$ 31.7% 33.0% 37.5% 32.98% <-Median-> 3 Compreh. Inc US$
Comprehensive Inc $1,864 $2,507 $3,350 Compreh. Inc US$
ROE CDN$ 31.7% 33.0% 37.5% 32.98% <-Median-> 3 Compreh. Inc CDN$
Comprehensive Inc $2,402 $2,644 $3,283 Compreh. Inc CDN$
ROE US$ 3.4% 0.7% -3.2% -21.1% 3.0% 10.8% 19.1% 25.4% 32.9% 32.2% 32.3% 38.2% 21.8% <-12mths US$
5Yr Median 0.7% 0.7% 0.7% 0.7% 3.0% 10.8% 19.1% 25.4% 32.2% 32.3% 32.3% <-12mths US$
ROE CDN$ 3.4% 0.7% -3.2% -21.1% 3.0% 10.8% 19.1% 25.4% 32.9% 32.2% 32.3% 38.2% 21.8% <-12mths Net Income/Shareholders' equity CDN$
5Yr Median 0.7% 0.7% 0.7% 0.7% 3.0% 10.8% 19.1% 25.4% 32.2% 32.3% 32.3% <-12mths CDN$
Net Income US$ $10.50 $6.21 -$28.48 -$148.86 $51.83 $213.39 $382.08 $632 $1,294 $1,893 $2,457 $3,411 $2,223 <-12mths 54818.69% <-Total Growth 10 Net Income US$
Oper C. F. -$15.75 -$15.67 $17.71 $2.79 $63.84 $277.98 $150.09 $735.67 $1,577 $1,452 $3,035 $4,009 C F Statement  Oper C. F.
Invest. C. F -$185.54 -$60.55 -$181.71 $21.40 -$196.83 -$878.08 $67.32 -$365 -$1,154 -$542 -$1,470 -$1,470 C F Statement  Invest. C. F US$
Total Accruals $211.78 $82.43 $135.53 -$173.04 $184.83 $813.48 $164.66 $260 $871 $983 $892 $872 Accruals US$
Total Assets $337.23 $970.06 $948.16 $861.66 $1,931.38 $2,620.99 $2,312.16 $3,089 $5,511 $8,101 $10,204 $12,875 Balance Sheet Assets US$
Accruals Ratio 62.80% 8.50% 14.29% -20.08% 9.57% 31.04% 7.12% 8.43% 15.80% 12.14% 8.75% 6.77% Ratio US$
Fin. C. F US$ $189.455 $584.904 -$4.337 -$23.961 $948.88 $53.95 $53.95 -$153.66 $80.40 -$11.93 -$843 -$843 C F Statement  Fin. C. F US$
Total Accruals $22.33 -$502.48 $139.86 -$149.08 -$764.06 $759.53 $110.71 $414.14 $790 $995 $1,736 $1,716 Accruals US$
Accruals Ratio 6.62% -51.80% 14.75% -17.30% -39.56% 28.98% 4.79% 13.41% 14.34% 12.28% 17.01% 13.32% Ratio US$
Net Income CDN$ $15.19 $9.60 -$55.59 -$220.99 $69.42 $265.1 $434.2 $739.6 $1,267.5 $2,438.5 $2,591.8 $3,343 $2,228 <-12mths 34717.73% <-Total Growth 10 Net Income CDN$
Change -679.01% 297.53% -131.41% 281.90% 63.78% 70.33% 71.36% 92.39% 6.29% 28.98% -33.35%
Oper C. F. -$22.79 -$24.22 $34.56 $4.14 $85.51 $345.4 $170.6 $861.5 $1,544.4 $1,870.6 $3,201.2 $3,928.9 C F Statement  Oper C. F. CDN$
Invest. C. F -$268.53 -$93.60 -$354.70 $31.76 -$263.66 -$1,091.0 $76.5 -$427.0 -$1,130.0 -$698.9 -$1,550.7 -$1,441 C F Statement  Invest. C. F CDN$
Total Accruals $306.51 $127.42 $264.55 -$256.90 $247.57 $1,010.7 $187.1 $305.0 $853.1 $1,266.8 $941.3 $854.7 Accruals CDN$
Total Assets $488.07 $1,499.52 $1,850.80 $1,279.21 $2,587.08 $3,256.6 $2,627.8 $3,617.5 $5,398.8 $10,438.0 $10,763.5 $12,618 Balance Sheet Assets CDN$
Accruals Ratio 62.80% 8.50% 14.29% -20.08% 9.57% 31.04% 7.12% 8.43% 15.80% 12.14% 8.75% 6.77% Ratio CDN$
Fin. C. F CDN$ $274.20 $904.14 -$8.47 -$35.57 $1,271.03 $67.0 $61.3 -$180.0 $78.8 -$15.4 -$889.6 -$826.5 C F Statement  Fin. C. F CDN$
Total Accruals $32.32 -$776.73 $273.01 -$221.33 -$1,023.5 $943.7 $125.8 $485.0 $774.3 $1,282.2 $1,830.9 $1,681.2 Accruals CDN$
Accruals Ratio 6.62% -51.80% 14.75% -17.30% -39.56% 28.98% 4.79% 13.41% 14.34% 12.28% 17.01% 13.32% Ratio CDN$
Cash $1,184.4 $835.6 $1,551.0 $1,791.0 $1,123.0
Per shares $2.11 $1.48 $2.78 $3.42 $2.14
Feb 5, 2012.  Last estimates I got were $5.66 and $5.90 US$ for EPS and $7.20 and $7.36US$  for Cash Flow.
With the reports of 2011, you can see net income going down quarter by quarter.  Same with Cash Flow.
May 28, 2010.  When I last looked at this stock, I got estimates for 1010 and 2010 of $4.24 and $5.20US$  for earnings and $4.35 and $4.23 for CF US$
Nov 11, 2009.  When I looked at this stock in Jun 2009, I got earnings for 2010 and 2011 of $4.10 and $4.90 US$ ($4.75 and $5.68 CDN$ at exch of 1.1588)
June 23, 2009.  when I looked at this stock in Sep 2008 I got estimates earnings for 2009 of $3.30US$ and 2010 $3.82 US$.  Earnings did come in at $3.30US$ for 2009.
AP 2008 - This stock is still doing very well.  P/E is still very high.  Accrual Ratio is also high, but it has not been predictive of stock movement.  This stock is going to continue to go up well it is
 highly liked my the market.
AR 2007-  It has done much better in US $ than CDN$.  However, it is still making money, but P/E is very high.
AR 2005  P/E is really high again.  Seems to be doing ok at present.  
AR 2004  I know it was a high risk tech stock when I bought it.  It might still do fine.  
IPO Oct 28, 1997   Fiscal Year in 2002 = March 2, 2002
How they make their money
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software 
and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, internet and 
intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity.  Founded in 1984 and 
based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. 
Mike Lazaridis owns almost 6% of the outstanding shares and is selling them off.  Part of this sell off goes to Charity.  He was co-founder of company with Jim Balsillie.  Jim owns almost as much as Mike does.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
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