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: 2021 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2021 10-K (Filed: June 21, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2021 | May 31, 2020 | May 31, 2019 | |
| Revenues: | |||
| Cloud services and license support | $ 28,700 | 27,392 | 26,707 |
| Cloud license and on-premise license | 5,399 | 5,127 | 5,855 |
| Hardware | 3,359 | 3,443 | 3,704 |
| Services | 3,021 | 3,106 | 3,240 |
| Total revenues | 40,479 | 39,068 | 39,506 |
| Operating expenses: | |||
| Cloud services and license support | 4,353 | 4,006 | 3,782 |
| Hardware | 972 | 1,116 | 1,360 |
| Services | 2,530 | 2,816 | 2,853 |
| Sales and marketing | 7,682 [1] | 8,094 | 8,509 |
| Research and development | 6,527 | 6,067 | 6,026 |
| General and administrative | 1,254 | 1,181 | 1,265 |
| Amortization of intangible assets | 1,379 | 1,586 | 1,689 |
| Acquisition related and other | 138 | 56 | 44 |
| Restructuring | 431 | 250 | 443 |
| Total operating expenses | 25,266 | 25,172 | 25,971 |
| Operating income | 15,213 | 13,896 | 13,535 |
| Interest expense | (2,496) | (1,995) | (2,082) |
| Non-operating income, net | 282 | 162 | 815 |
| Income before benefit from (provision for) income taxes | 12,999 | 12,063 | 12,268 |
| Benefit from (provision for) income taxes | 747 | (1,928) | (1,185) |
| Net income | 13,746 | 10,135 | 11,083 |
| Earnings per share: | |||
| Basic | 4.67 | 3.16 | 3.05 |
| Diluted | 4.55 | 3.08 | 2.97 |
| Weighted average common shares outstanding: | |||
| Basic | 2,945 | 3,211 | 3,634 |
| Diluted | 3,022 | 3,294 | 3,732 |
| [1] Exclusive of amortization of intangible assets, which is shown separately. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2021 10-K (Filed: June 21, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2021 | May 31, 2020 | May 31, 2019 | |
| Net income | $ 13,746 | 10,135 | 11,083 |
| Other comprehensive income (loss), net of tax: | |||
| Net foreign currency translation gains (losses) | 479 | (78) | (149) |
| Net unrealized gains (losses) on defined benefit plans | 71 | (79) | (70) |
| Net unrealized (losses) gains on marketable securities | (1) | 91 | 332 |
| Net unrealized losses on cash flow hedges | (8) | (22) | (52) |
| Total other comprehensive income (loss), net | 541 | (88) | 61 |
| Comprehensive income | 14,287 | 10,047 | 11,144 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2021 10-K (Filed: June 21, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2021 | May 31, 2020 | May 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 13,746 | 10,135 | 11,083 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 1,537 | 1,382 | 1,230 |
| Amortization of intangible assets | 1,379 | 1,586 | 1,689 |
| Allowances for doubtful accounts receivable | 192 | 245 | 190 |
| Deferred income taxes | (2,425) | (851) | (1,191) |
| Stock-based compensation | 1,837 | 1,590 | 1,653 |
| Other, net | (39) | 239 | 157 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| Decrease (increase) in trade receivables, net | 141 | (690) | (272) |
| Decrease in prepaid expenses and other assets | 622 | 665 | 261 |
| Decrease in accounts payable and other liabilities | (23) | (496) | (102) |
| Decrease in income taxes payable | (1,485) | (444) | (453) |
| Increase (decrease) in deferred revenues | 405 | (222) | 306 |
| Net cash provided by operating activities | 15,887 | 13,139 | 14,551 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (37,982) | (5,731) | (1,400) |
| Proceeds from maturities of marketable securities | 26,024 | 4,687 | 12,681 |
| Proceeds from sales of marketable securities and other investments | 1,036 | 12,575 | 17,299 |
| Acquisitions, net of cash acquired | (41) | (124) | (363) |
| Capital expenditures | (2,135) | (1,564) | (1,660) |
| Net cash (used for) provided by investing activities | (13,098) | 9,843 | 26,557 |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (20,934) | (19,240) | (36,140) |
| Proceeds from issuances of common stock | 1,786 | 1,588 | 2,155 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (666) | (665) | (503) |
| Payments of dividends to stockholders | (3,063) | (3,070) | (2,932) |
| Proceeds from borrowings, net of issuance costs | 14,934 | 19,888 | 0 |
| Repayments of borrowings | (2,631) | (4,500) | (4,500) |
| Other, net | 196 | (133) | (136) |
| Net cash used for financing activities | (10,378) | (6,132) | (42,056) |
| Effect of exchange rate changes on cash and cash equivalents | 448 | (125) | (158) |
| Net (decrease) increase in cash and cash equivalents | (7,141) | 16,725 | (1,106) |
| Cash and cash equivalents at beginning of period | 37,239 | 20,514 | |
| Cash and cash equivalents at end of period | 30,098 | 37,239 | 20,514 |
| Non-cash investing and financing activities: | |||
| Fair values of stock awards assumed in connection with acquisitions | 0 | 0 | 8 |
| Change in unsettled repurchases of common stock | 66 | (40) | (140) |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 3,189 | 3,218 | 2,901 |
| Cash paid for interest | 2,408 | 1,972 | 2,059 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2021 10-K (Filed: June 21, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2021 | May 31, 2020 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 30,098 | 37,239 |
| Marketable securities | 16,456 | 5,818 |
| Trade receivables, net of allowances for doubtful accounts of $373 and $409 as of May 31, 2021 and May 31, 2020, respectively | 5,409 | 5,551 |
| Prepaid expenses and other current assets | 3,604 | 3,532 |
| Total current assets | 55,567 | 52,140 |
| Non-current assets: | ||
| Property, plant and equipment, net | 7,049 | 6,244 |
| Intangible assets, net | 2,430 | 3,738 |
| Goodwill, net | 43,935 | 43,769 |
| Deferred tax assets | 13,636 | 3,252 |
| Other non-current assets | 8,490 | 6,295 |
| Total non-current assets | 75,540 | 63,298 |
| Total assets | 131,107 | 115,438 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Notes payable, current | 8,250 | 2,371 |
| Accounts payable | 745 | 637 |
| Accrued compensation and related benefits | 2,017 | 1,453 |
| Deferred revenues | 8,775 | 8,002 |
| Other current liabilities | 4,377 | 4,737 |
| Total current liabilities | 24,164 | 17,200 |
| Non-current liabilities: | ||
| Notes payable and other borrowings, non-current | 75,995 | 69,226 |
| Income taxes payable | 12,345 | 12,463 |
| Deferred tax liabilities | 7,864 | 41 |
| Other non-current liabilities | 4,787 | 3,791 |
| Total non-current liabilities | 100,991 | 85,521 |
| Commitments and contingencies | 0 | 0 |
| Oracle Corporation stockholders' equity: | ||
| Preferred stock, $0.01 par valueauthorized: 1.0 shares; outstanding: none | 0 | 0 |
| Common stock, $0.01 par value and additional paid in capitalauthorized: 11,000 shares; outstanding: 2,814 shares and 3,067 shares as of May 31, 2021 and 2020, respectively | 26,533 | 26,486 |
| Accumulated deficit | (20,120) | (12,696) |
| Accumulated other comprehensive loss | (1,175) | (1,716) |
| Total Oracle Corporation stockholders' equity | 5,238 | 12,074 |
| Noncontrolling interests | 714 | 643 |
| Total equity | 5,952 | 12,717 |
| Total liabilities and equity | 131,107 | 115,438 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2021 | |
| 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 |