BUSINESS ACQUISITIONS There were no business acquisitions during fiscal 2020. On February 21, 2019, the Company acquired all of the issued and outstanding shares of Cylance Inc. (Cylance), an artificial intelligence and cybersecurity leader, for approximately $1.4 billion in cash and common shares, plus the assumption of unvested employee incentive awards. The acquisition of Cylance is a strategic addition to the Companys end-to-end secure communications portfolio. The accounting for the acquisition of Cylance was completed in the second quarter of fiscal 2020, as the calculation of working capital of Cylance was finalized. The following table summarizes the fair value allocations of the acquisition price of the assets acquired and liabilities assumed during fiscal 2019: Preliminary Balance February 28, 2019 Measurement Period Adjustment Balance as at August 31, 2019 Non-cash assets acquired Current assets $ 40 $ (6) $ 34 Property, plant and equipment and other long-term assets 25  25 Intangible assets Acquired technology 283  283 In-process research and development 66  66 Customer relationships 277  277 Trade name 20  20 Goodwill (1) 899 (2) 897 1,610 (8) 1,602 Liabilities assumed Current liabilities 27 1 28 Debt 125  125 Deferred revenue (2) 95 (2) 93 Deferred tax liability 22 1 23 Other long-term liabilities 8 (7) 1 277 (7) 270 Net non-cash assets acquired 1,333 (1) 1,332 Cash acquired 10  10 Restricted cash acquired 4  4 Net assets acquired 1,347 (1) 1,346 Settlement of acquired debt (3) 125  125 $ 1,472 $ (1) $ 1,471 Consideration Cash consideration $ 1,416 $ (1) $ 1,415 Replacement Awards issued (4) 21  21 Exchange shares (5) 35  35 Total consideration $ 1,472 $ (1) $ 1,471 _____________________________ (1) Goodwill represents the excess of the acquisition price over the fair value of net assets acquired, which is not expected to be deductible for tax purposes when goodwill results from share purchases. (2) The fair value of deferred revenue represents the costs to service the assumed obligations, plus a normal profit margin as required under purchase accounting. (3) $125 million in cash was paid to existing debt holders to settle Cylance debt outstanding at acquisition. (4) Fair value of 8,320,130 options and 824,046 RSUs (Replacement Awards) issued in connection with unvested Cylance employee equity awards, related to pre-combination service and considered purchase consideration. See Note 8(b) for details on the Replacement Awards. (5) In lieu of cash, a proportion of consideration owed to certain Cylance shareholders will be paid in BlackBerry shares issued from treasury in equal instalments on the first three anniversary dates of the acquisition. There are no service or other requirements associated with the issuance of these shares. The weighted average amortization periods of the acquired technology, in-process research and development, customer relationships and trade name related to the business acquisitions completed during the year ended February 28, 2019 were approximately 8 years, 9 years, 9 years and 7 years, respectively. The Company incurred $12 million in acquisition-related costs included in selling, general and administration expenses for the fiscal year ended February 28, 2019. The Company recorded a measurement period recovery of $2 million in selling, general and administration expenses during the fiscal year ended February 29, 2020, as the amount would have been recognized in the prior fiscal year, if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amounts of revenue and loss before income taxes of the acquisition above included in the consolidated statement of operations for the year ended February 28, 2019 are as follows: Revenue Loss before income taxes Actuals from acquisition date to February 28, 2019 $ 2 $ (5) Supplemental Pro Forma Combined Financial Statements The following pro forma combined results for the year ended February 28, 2019 reflect the consolidated statement of operations of the Company as if the acquisition of Cylance had occurred at the beginning of fiscal 2019. These results combine the historical results of Cylances consolidated statement of operations and are not necessarily indicative of the consolidated results of operations of the combined business had the acquisition actually occurred at the beginning of fiscal 2019 or of the results of future operations of the combined business. The supplemental pro forma information, as if the acquisition had occurred on March 1, 2018, is as follows: For the Year Ended February 28, 2019 (unaudited) Revenue $ 1,027 Net loss (1) (77) ______________________________ (1) Includes measurement period adjustments identified during the fiscal year ended February 29, 2020 of $2 million to reflect if the adjustment to the provisional amounts had been recognized as of the acquisition date.