10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2013 10-K (Filed: June 26, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Revenues: | |||
| Software revenues: | |||
| New software licenses and cloud software subscriptions | $ 10,321 | 9,906 | 9,235 |
| Software license updates and product support | 17,142 | 16,210 | 14,796 |
| Software revenues | 27,463 | 26,116 | 24,031 |
| Hardware systems revenues: | |||
| Hardware systems products | 3,033 | 3,827 | 4,382 |
| Hardware systems support | 2,313 | 2,475 | 2,562 |
| Hardware systems revenues | 5,346 | 6,302 | 6,944 |
| Services revenues | 4,371 | 4,703 | 4,647 |
| Total revenues | 37,180 | 37,121 | 35,622 |
| Operating expenses: | |||
| Sales and marketing | 7,328 | 7,127 [1] | 6,579 |
| Software license updates and product support | 1,175 | 1,226 | 1,264 |
| Hardware systems products | 1,501 | 1,843 | 2,057 |
| Hardware systems support | 890 | 1,046 | 1,259 |
| Services | 3,547 | 3,743 | 3,818 |
| Research and development | 4,850 | 4,523 | 4,519 |
| General and administrative | 1,072 | 1,126 | 970 |
| Amortization of intangible assets | 2,385 | 2,430 | 2,428 |
| Acquisition related and other | (604) | 56 | 208 |
| Restructuring | 352 | 295 | 487 |
| Total operating expenses | 22,496 | 23,415 | 23,589 |
| Operating income | 14,684 | 13,706 | 12,033 |
| Interest expense | (797) | (766) | (808) |
| Non-operating income, net | 11 | 22 | 186 |
| Income before provision for income taxes | 13,898 | 12,962 | 11,411 |
| Provision for income taxes | 2,973 | 2,981 | 2,864 |
| Net income | 10,925 | 9,981 | 8,547 |
| Earnings per share: | |||
| Basic (in dollars per share) | 2.29 | 1.99 | 1.69 |
| Diluted (in dollars per share) | 2.26 | 1.96 | 1.67 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 4,769 | 5,015 | 5,048 |
| Diluted (in shares) | 4,844 | 5,095 | 5,128 |
| Dividends declared per common share (in dollars per share) | 0.30 | 0.24 | 0.21 |
| [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: 2013 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2013 10-K (Filed: June 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Net income | $ 10,925 | 9,981 | 8,547 |
| Other comprehensive (loss) income, net of tax: | |||
| Total other comprehensive (loss) income, net | (260) | (458) | 573 |
| Statement | |||
| Portion attributable to Parent | |||
| Net income | 10,925 | 9,981 | 8,547 |
| Net foreign currency translation (losses) gains | (123) | (398) | 480 |
| Net unrealized (losses) gains on defined benefit plans | (68) | (102) | 32 |
| Net unrealized (losses) gains on marketable securities | (20) | 70 | 26 |
| Total other comprehensive (loss) income, net | (211) | (430) | 538 |
| Comprehensive income | 10,714 | 9,551 | 9,085 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2013 10-K (Filed: June 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2013 | May 31, 2012 | May 31, 2011 | |
| Cash Flows From Operating Activities: | |||
| Net income | $ 10,925 | 9,981 | 8,547 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 546 | 486 | 368 |
| Amortization of intangible assets | 2,385 | 2,430 | 2,428 |
| Allowances for doubtful accounts receivable | 118 | 92 | 164 |
| Deferred income taxes | (117) | 9 | (253) |
| Stock-based compensation | 755 | 659 | 510 |
| Tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 410 | 182 | 325 |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards | (241) | (97) | (215) |
| Other, net | 155 | 84 | 68 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| Decrease (increase) in trade receivables | 267 | (8) | (729) |
| (Increase) decrease in inventories | (66) | 150 | (28) |
| (Increase) decrease in prepaid expenses and other assets | (555) | (51) | 14 |
| Decrease in accounts payable and other liabilities | (541) | (720) | (120) |
| Increase (decrease) in income taxes payable | 35 | 54 | (96) |
| Increase in deferred revenues | 148 | 492 | 231 |
| Net cash provided by operating activities | 14,224 | 13,743 | 11,214 |
| Cash Flows From Investing Activities: | |||
| Purchases of marketable securities and other investments | (32,160) | (38,625) | (31,009) |
| Proceeds from maturities and sales of marketable securities and other investments | 30,159 | 35,594 | 27,120 |
| Acquisitions, net of cash acquired | (3,305) | (4,702) | (1,847) |
| Capital expenditures | (650) | (648) | (450) |
| Proceeds from sale of property | 105 | ||
| Net cash used for investing activities | (5,956) | (8,381) | (6,081) |
| Cash Flows From Financing Activities: | |||
| Payments for repurchases of common stock | (11,021) | (5,856) | (1,160) |
| Proceeds from issuances of common stock | 1,527 | 733 | 1,376 |
| Payments of dividends to stockholders | (1,433) | (1,205) | (1,061) |
| Proceeds from borrowings, net of issuance costs | 4,974 | 1,700 | 4,354 |
| Repayments of borrowings | (2,950) | (1,405) | (3,143) |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 241 | 97 | 215 |
| Distributions to noncontrolling interests | (31) | (163) | (65) |
| Other, net | 193 | ||
| Net cash (used for) provided by financing activities | (8,500) | (6,099) | 516 |
| Effect of exchange rate changes on cash and cash equivalents | (110) | (471) | 600 |
| Net (decrease) increase in cash and cash equivalents | (342) | (1,208) | 6,249 |
| Cash and cash equivalents at beginning of period | 14,955 | 16,163 | |
| Cash and cash equivalents at end of period | 14,613 | 14,955 | 16,163 |
| Non-cash investing and financing transactions: | |||
| Fair value of stock options and restricted stock-based awards assumed in connection with acquisitions | 15 | 29 | 17 |
| Fair value of contingent consideration payable in connection with acquisition | 346 | ||
| (Decrease) increase in unsettled repurchases of common stock | (27) | 112 | 12 |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 2,644 | 2,731 | 2,931 |
| Cash paid for interest | 781 | 737 | 770 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2013 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2013 10-K (Filed: June 26, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2013 | May 31, 2012 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 14,613 | 14,955 |
| Marketable securities | 17,603 | 15,721 |
| Trade receivables, net of allowances for doubtful accounts of $296 and $323 as of May 31, 2013 and 2012, respectively | 6,049 | 6,377 |
| Inventories | 240 | 158 |
| Deferred tax assets | 974 | 877 |
| Prepaid expenses and other current assets | 2,213 | 1,935 |
| Total current assets | 41,692 | 40,023 |
| Non-current assets: | ||
| Property, plant and equipment, net | 3,053 | 3,021 |
| Intangible assets, net | 6,640 | 7,899 |
| Goodwill | 27,343 | 25,119 |
| Deferred tax assets | 766 | 595 |
| Other assets | 2,318 | 1,670 |
| Total non-current assets | 40,120 | 38,304 |
| Total assets | 81,812 | 78,327 |
| Liabilities and Stockholders' Equity: | ||
| Current liabilities: | ||
| Notes payable, current and other current borrowings | 2,950 | |
| Accounts payable | 419 | 438 |
| Accrued compensation and related benefits | 1,851 | 2,002 |
| Income taxes payable | 911 | 528 |
| Deferred revenues | 7,118 | 7,035 |
| Other current liabilities | 2,573 | 2,435 |
| Total current liabilities | 12,872 | 15,388 |
| Non-current liabilities: | ||
| Notes payable and other non-current borrowings | 18,494 | 13,524 |
| Income taxes payable | 3,899 | 3,759 |
| Other non-current liabilities | 1,402 | 1,569 |
| Total non-current liabilities | 23,795 | 18,852 |
| Commitments and contingencies | ||
| 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: 4,646 shares and 4,905 shares as of May 31, 2013 and 2012, respectively | 18,893 | 17,489 |
| Retained earnings | 25,854 | 26,087 |
| Accumulated other comprehensive (loss) income | (99) | 112 |
| Total Oracle Corporation stockholders' equity | 44,648 | 43,688 |
| Noncontrolling interests | 497 | 399 |
| Total equity | 45,145 | 44,087 |
| Total liabilities and equity | 81,812 | 78,327 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2013 | |
| 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 |