10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2010 10-K (Filed: July 1, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2010 | May 31, 2009 | May 31, 2008 | |
| Revenues: | |||
| Software revenues: | |||
| New software licenses | $ 7,533 | 7,123 | 7,515 |
| Software license updates and product support revenue | 13,092 | 11,754 | 10,328 |
| Software revenues | 20,625 | 18,877 | 17,843 |
| Hardware systems revenues: | |||
| Hardware systems products revenue | 1,506 | 0 | 0 |
| Hardware systems support revenue | 784 | 0 | 0 |
| Hardware systems revenues | 2,290 | 0 | 0 |
| Services revenues | 3,905 | 4,375 | 4,587 |
| Total revenues | 26,820 | 23,252 | 22,430 |
| Operating Expenses: | |||
| Sales and marketing | 5,080 | 4,638 | 4,679 |
| Software license updates and product support costs | 1,063 | 1,088 | 997 |
| Hardware systems products costs | 880 | 0 | 0 |
| Hardware systems support costs | 423 | 0 | 0 |
| Services costs | 3,398 | 3,706 | 3,984 |
| Research and development | 3,254 | 2,767 | 2,741 |
| General and administrative | 911 | 785 | 808 |
| Amortization of intangible assets | 1,973 | 1,713 | 1,212 |
| Acquisition related and other | 154 | 117 | 124 |
| Restructuring | 622 | 117 | 41 |
| Total operating expenses | 17,758 | 14,931 | 14,586 |
| Operating income | 9,062 | 8,321 | 7,844 |
| Interest expense | (754) | (630) | (394) |
| Non-operating income (expense), net | (65) | 143 | 384 |
| Income before provision for income taxes | 8,243 | 7,834 | 7,834 |
| Provision for income taxes | 2,108 | 2,241 | 2,313 |
| Net Income | 6,135 | 5,593 | 5,521 |
| Earnings per share: | |||
| Earnings per share, basic | 1.22 | 1.10 | 1.08 |
| Earnings per share, diluted | 1.21 | 1.09 | 1.06 |
| Weighted average common shares outstanding: | |||
| Weighted average common shares outstanding, basic | 5,014 | 5,070 | 5,133 |
| Weighted average common shares outstanding, diluted | 5,073 | 5,130 | 5,229 |
| Dividends declared per common share | 0.20 | 0.05 | 0.00 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2010 10-K (Filed: July 1, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2010 | May 31, 2009 | May 31, 2008 | |
| Cash Flows From Operating Activities: | |||
| Net income | $ 6,135 | 5,593 | 5,521 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 298 | 263 | 268 |
| Amortization of intangible assets | 1,973 | 1,713 | 1,212 |
| Allowances for doubtful accounts receivable | 143 | 118 | 164 |
| Deferred income taxes | (511) | (395) | (135) |
| Stock-based compensation | 436 | 355 | 369 |
| Tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 203 | 252 | 588 |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards in operating activities | (110) | (194) | (454) |
| Other, net in operating activities | 13 | 185 | 18 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| (Increase) decrease in trade receivables, net | (362) | 336 | (825) |
| Decrease in inventories | 73 | 0 | 0 |
| Decrease (increase) in prepaid expenses and other assets | 340 | 145 | (191) |
| Decrease in accounts payable and other liabilities | (360) | (691) | (153) |
| (Decrease) increase in income taxes payable | (79) | 142 | 368 |
| Increase in deferred revenues | 489 | 433 | 652 |
| Net cash provided by operating activities | 8,681 | 8,255 | 7,402 |
| Cash Flows From Investing Activities: | |||
| Purchases of marketable securities and other investments | (15,703) | (9,315) | (5,624) |
| Proceeds from maturities and sales of marketable securities and other investments | 11,220 | 8,404 | 4,281 |
| Acquisitions, net of cash acquired | (5,606) | (1,159) | (7,643) |
| Capital expenditures | (230) | (529) | (243) |
| Proceeds from sale of property | 0 | 0 | 153 |
| Net cash used for investing activities | (10,319) | (2,599) | (9,076) |
| Cash Flows From Financing Activities: | |||
| Payments for repurchases of common stock | (992) | (3,972) | (2,023) |
| Proceeds from issuances of common stock | 874 | 760 | 1,288 |
| Payment of dividends to stockholders | (1,004) | (250) | 0 |
| Proceeds from borrowings, net of issuance costs | 7,220 | 0 | 6,171 |
| Repayments of borrowings | (3,582) | (1,004) | (2,560) |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards in financing activities | 110 | 194 | 454 |
| Distributions to noncontrolling interests | (59) | (53) | (49) |
| Other, net in financing activities | 97 | (97) | 0 |
| Net cash provided by (used for) financing activities | 2,664 | (4,422) | 3,281 |
| Effect of exchange rate changes on cash and cash equivalents | (107) | (501) | 437 |
| Net increase in cash and cash equivalents | 919 | 733 | 2,044 |
| Cash and cash equivalents at beginning of period | 8,995 | 8,262 | |
| Cash and cash equivalents at end of period | 9,914 | 8,995 | 8,262 |
| Non-cash investing and financing transactions: | |||
| Fair value of stock options and restricted stock-based awards assumed in connection with acquisitions | 100 | 1 | 240 |
| Decrease in unsettled repurchases of common stock | 0 | (12) | (23) |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 2,488 | 2,170 | 1,687 |
| Cash paid for interest | 652 | 627 | 347 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2010 10-K (Filed: July 1, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2010 | May 31, 2009 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 9,914 | 8,995 |
| Marketable securities | 8,555 | 3,629 |
| Trade receivables, net of allowances for doubtful accounts of $305 and $270 as of May 31, 2010 and 2009, respectively | 5,585 | 4,430 |
| Inventories | 259 | 0 |
| Deferred tax assets | 1,159 | 661 |
| Prepaid expenses and other current assets | 1,532 | 866 |
| Total current assets | 27,004 | 18,581 |
| Non-current assets: | ||
| Property, plant and equipment, net | 2,763 | 1,922 |
| Intangible assets: software support agreements and related relationships, net | 2,903 | 3,411 |
| Intangible assets: other, net | 6,418 | 3,858 |
| Goodwill | 20,425 | 18,842 |
| Other assets | 2,065 | 802 |
| Total non-current assets | 34,574 | 28,835 |
| Total assets | 61,578 | 47,416 |
| Liabilities and Stockholders' Equity: | ||
| Current liabilities: | ||
| Notes payable, current and other current borrowings | 3,145 | 1,001 |
| Accounts payable | 775 | 271 |
| Accrued compensation and related benefits | 1,895 | 1,409 |
| Deferred revenues | 5,900 | 4,592 |
| Other current liabilities | 2,976 | 1,876 |
| Total current liabilities | 14,691 | 9,149 |
| Non-current liabilities: | ||
| Notes payable and other non-current borrowings | 11,510 | 9,237 |
| Income taxes payable | 2,695 | 2,423 |
| Deferred tax liabilities | 424 | 480 |
| Other non-current liabilities | 1,059 | 682 |
| Total non-current liabilities | 15,688 | 12,822 |
| Oracle Corporation stockholders' equity: | ||
| Preferred stock, $0.01 par value-authorized: 1.0 shares; outstanding: none | 0 | 0 |
| Common stock, $0.01 par value and additional paid in capital-authorized: 11,000 shares; outstanding: 5,026 shares and 5,005 shares as of May 31, 2010 and May 31, 2009, respectively | 14,648 | 12,980 |
| Retained earnings | 16,146 | 11,894 |
| Accumulated other comprehensive income | 4 | 216 |
| Total Oracle Corporation stockholders' equity | 30,798 | 25,090 |
| Noncontrolling interests | 401 | 355 |
| Total equity | 31,199 | 25,445 |
| Total liabilities and equity | 61,578 | 47,416 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |