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: 2022 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2022 10-K (Filed: June 21, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2022 | May 31, 2021 | May 31, 2020 | |
| Revenues: | |||
| Cloud services and license support | $ 30,174 | 28,700 | 27,392 |
| Cloud license and on-premise license | 5,878 | 5,399 | 5,127 |
| Hardware | 3,183 | 3,359 | 3,443 |
| Services | 3,205 | 3,021 | 3,106 |
| Total revenues | 42,440 | 40,479 | 39,068 |
| Operating expenses: | |||
| Cloud services and license support | 5,213 | 4,353 [1] | 4,006 |
| Hardware | 972 | 972 | 1,116 |
| Services | 2,692 | 2,530 | 2,816 |
| Sales and marketing | 8,047 | 7,682 | 8,094 |
| Research and development | 7,219 | 6,527 | 6,067 |
| General and administrative | 1,317 | 1,254 | 1,181 |
| Amortization of intangible assets | 1,150 | 1,379 | 1,586 |
| Acquisition related and other | 4,713 | 138 | 56 |
| Restructuring | 191 | 431 | 250 |
| Total operating expenses | 31,514 | 25,266 | 25,172 |
| Operating income | 10,926 | 15,213 | 13,896 |
| Interest expense | (2,755) | (2,496) | (1,995) |
| Non-operating (expenses) income, net | (522) | 282 | 162 |
| Income before income taxes | 7,649 | 12,999 | 12,063 |
| (Provision for) benefit from income taxes | (932) | 747 | (1,928) |
| Net income | 6,717 | 13,746 | 10,135 |
| Earnings per share: | |||
| Basic | 2.49 | 4.67 | 3.16 |
| Diluted | 2.41 | 4.55 | 3.08 |
| Weighted average common shares outstanding: | |||
| Basic | 2,700 | 2,945 | 3,211 |
| Diluted | 2,786 | 3,022 | 3,294 |
| [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: 2022 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2022 10-K (Filed: June 21, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2022 | May 31, 2021 | May 31, 2020 | |
| Net income | $ 6,717 | 13,746 | 10,135 |
| Other comprehensive (loss) income, net of tax: | |||
| Net foreign currency translation (losses) gains | (707) | 479 | (78) |
| Net unrealized gains (losses) on defined benefit plans | 190 | 71 | (79) |
| Net unrealized (losses) gains on marketable securities | 0 | (1) | 91 |
| Net unrealized losses on cash flow hedges | 0 | (8) | (22) |
| Total other comprehensive (loss) income, net | (517) | 541 | (88) |
| Comprehensive income | 6,200 | 14,287 | 10,047 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2022 10-K (Filed: June 21, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2022 | May 31, 2021 | May 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 6,717 | 13,746 | 10,135 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 1,972 | 1,537 | 1,382 |
| Amortization of intangible assets | 1,150 | 1,379 | 1,586 |
| Deferred income taxes | (1,146) | (2,425) | (851) |
| Stock-based compensation | 2,613 | 1,837 | 1,590 |
| Other, net | 220 | (39) | 239 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| (Increase) decrease in trade receivables, net | (874) | 333 | (445) |
| Decrease in prepaid expenses and other assets | 11 | 622 | 665 |
| Decrease in accounts payable and other liabilities | (733) | (23) | (496) |
| Decrease in income taxes payable | (398) | (1,485) | (444) |
| Increase (decrease) in deferred revenues | 7 | 405 | (222) |
| Net cash provided by operating activities | 9,539 | 15,887 | 13,139 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (10,272) | (37,982) | (5,731) |
| Proceeds from maturities of marketable securities | 19,788 | 26,024 | 4,687 |
| Proceeds from sales of marketable securities and other investments | 6,363 | 1,036 | 12,575 |
| Acquisitions, net of cash acquired | (148) | (41) | (124) |
| Capital expenditures | (4,511) | (2,135) | (1,564) |
| Net cash provided by (used for) investing activities | 11,220 | (13,098) | 9,843 |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (16,248) | (20,934) | (19,240) |
| Proceeds from issuances of common stock | 482 | 1,786 | 1,588 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (1,093) | (666) | (665) |
| Payments of dividends to stockholders | (3,457) | (3,063) | (3,070) |
| Proceeds from borrowings, net of issuance costs | 0 | 14,934 | 19,888 |
| Repayments of borrowings | (8,250) | (2,631) | (4,500) |
| Other, net | (560) | 196 | (133) |
| Net cash used for financing activities | (29,126) | (10,378) | (6,132) |
| Effect of exchange rate changes on cash and cash equivalents | (348) | 448 | (125) |
| Net (decrease) increase in cash and cash equivalents | (8,715) | (7,141) | 16,725 |
| Cash and cash equivalents at beginning of period | 30,098 | 37,239 | |
| Cash and cash equivalents at end of period | 21,383 | 30,098 | 37,239 |
| Non-cash investing and financing activities: | |||
| Change in unsettled repurchases of common stock | (48) | 66 | (40) |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 2,567 | 3,189 | 3,218 |
| Cash paid for interest | 2,735 | 2,408 | 1,972 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2022 10-K (Filed: June 21, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2022 | May 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 21,383 | 30,098 |
| Marketable securities | 519 | 16,456 |
| Trade receivables, net of allowances for credit losses of $362 and $373 as of May 31, 2022 and May 31, 2021, respectively | 5,953 | 5,409 |
| Prepaid expenses and other current assets | 3,778 | 3,604 |
| Total current assets | 31,633 | 55,567 |
| Non-current assets: | ||
| Property, plant and equipment, net | 9,716 | 7,049 |
| Intangible assets, net | 1,440 | 2,430 |
| Goodwill, net | 43,811 | 43,935 |
| Deferred tax assets | 12,782 | 13,636 |
| Other non-current assets | 9,915 | 8,490 |
| Total non-current assets | 77,664 | 75,540 |
| Total assets | 109,297 | 131,107 |
| Current liabilities: | ||
| Notes payable, current | 3,749 | 8,250 |
| Accounts payable | 1,317 | 745 |
| Accrued compensation and related benefits | 1,944 | 2,017 |
| Deferred revenues | 8,357 | 8,775 |
| Other current liabilities | 4,144 | 4,377 |
| Total current liabilities | 19,511 | 24,164 |
| Non-current liabilities: | ||
| Notes payable and other borrowings, non-current | 72,110 | 75,995 |
| Income taxes payable | 12,210 | 12,345 |
| Deferred tax liabilities | 6,031 | 7,864 |
| Other non-current liabilities | 5,203 | 4,787 |
| Total non-current liabilities | 95,554 | 100,991 |
| Commitments and contingencies | 0 | 0 |
| 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: 2,665 shares and 2,814 shares as of May 31, 2022 and 2021, respectively | 26,808 | 26,533 |
| Accumulated deficit | (31,336) | (20,120) |
| Accumulated other comprehensive loss | (1,692) | (1,175) |
| Total Oracle Corporation stockholders' (deficit) equity | (6,220) | 5,238 |
| Noncontrolling interests | 452 | 714 |
| Total stockholders' (deficit) equity | (5,768) | 5,952 |
| Total liabilities and stockholders' (deficit) equity | 109,297 | 131,107 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2022 | |
| 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 |