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: 2014 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2014 10-K (Filed: June 26, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2014 | May 31, 2013 | May 31, 2012 | |
| Revenues: | |||
| Software and cloud revenues: | |||
| New software licenses | $ 9,416 | 9,411 | 9,451 |
| Cloud software-as-a-service and platform-as-a-service | 1,121 | 910 | 455 |
| Cloud infrastructure-as-a-service | 456 | 457 | 444 |
| Software license updates and product support | 18,206 | 17,142 | 16,210 |
| Software and cloud revenues | 29,199 | 27,920 | 26,560 |
| Hardware systems revenues: | |||
| Hardware systems products | 2,976 | 3,033 | 3,827 |
| Hardware systems support | 2,396 | 2,313 | 2,475 |
| Hardware systems revenues | 5,372 | 5,346 | 6,302 |
| Services revenues | 3,704 | 3,914 | 4,259 |
| Total revenues | 38,275 | 37,180 | 37,121 |
| Operating expenses: | |||
| Sales and marketing | 7,567 | 7,062 | 6,990 |
| Cloud software-as-a-service and platform-as-a-service | 455 | 327 | 209 |
| Cloud infrastructure-as-a-service | 308 | 304 | 289 |
| Software license updates and product support | 1,162 | 1,175 [1] | 1,226 |
| Hardware systems products | 1,521 | 1,501 | 1,843 |
| Hardware systems support | 836 | 890 | 1,046 |
| Services | 2,954 | 3,182 | 3,382 |
| Research and development | 5,151 | 4,850 | 4,523 |
| General and administrative | 1,038 | 1,072 | 1,126 |
| Amortization of intangible assets | 2,300 | 2,385 | 2,430 |
| Acquisition related and other | 41 | (604) | 56 |
| Restructuring | 183 | 352 | 295 |
| Total operating expenses | 23,516 | 22,496 | 23,415 |
| Operating income | 14,759 | 14,684 | 13,706 |
| Interest expense | (914) | (797) | (766) |
| Non-operating (expense) income, net | (141) | 11 | 22 |
| Income before provision for income taxes | 13,704 | 13,898 | 12,962 |
| Provision for income taxes | 2,749 | 2,973 | 2,981 |
| Net income | 10,955 | 10,925 | 9,981 |
| Earnings per share: | |||
| Basic (in dollars per share) | 2.42 | 2.29 | 1.99 |
| Diluted (in dollars per share) | 2.38 | 2.26 | 1.96 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 4,528 | 4,769 | 5,015 |
| Diluted (in shares) | 4,604 | 4,844 | 5,095 |
| Dividends declared per common share (in dollars per share) | 0.48 | 0.30 | 0.24 |
| [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: 2014 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2014 10-K (Filed: June 26, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2014 | May 31, 2013 | May 31, 2012 | |
| Net income | $ 10,955 | 10,925 | 9,981 |
| Other comprehensive loss, net of tax: | |||
| Total other comprehensive loss, net | (75) | (260) | (458) |
| Statement | |||
| Portion attributable to Parent | |||
| Net income | 10,955 | 10,925 | 9,981 |
| Net foreign currency translation losses | (78) | (123) | (398) |
| Net unrealized gains (losses) on defined benefit plans | 23 | (68) | (102) |
| Net unrealized (losses) gains on marketable securities | (15) | (20) | 70 |
| Net unrealized gains on cash flow hedges | 5 | ||
| Total other comprehensive loss, net | (65) | (211) | (430) |
| Comprehensive income | 10,890 | 10,714 | 9,551 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2014 10-K (Filed: June 26, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2014 | May 31, 2013 | May 31, 2012 | |
| Cash Flows From Operating Activities: | |||
| Net income | $ 10,955 | 10,925 | 9,981 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 608 | 546 | 486 |
| Amortization of intangible assets | 2,300 | 2,385 | 2,430 |
| Allowances for doubtful accounts receivable | 122 | 118 | 92 |
| Deferred income taxes | (248) | (117) | 9 |
| Stock-based compensation | 805 | 755 | 659 |
| Tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 480 | 410 | 182 |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards | (250) | (241) | (97) |
| Other, net | 311 | 155 | 84 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| Decrease (increase) in trade receivables | 24 | 267 | (8) |
| Decrease (increase) in inventories | 57 | (66) | 150 |
| Increase in prepaid expenses and other assets | (143) | (555) | (51) |
| Increase (decrease) in accounts payable and other liabilities | 48 | (541) | (720) |
| (Decrease) increase in income taxes payable | (320) | 35 | 54 |
| Increase in deferred revenues | 172 | 148 | 492 |
| Net cash provided by operating activities | 14,921 | 14,224 | 13,743 |
| Cash Flows From Investing Activities: | |||
| Purchases of marketable securities and other investments | (32,316) | (32,160) | (38,625) |
| Proceeds from maturities and sales of marketable securities and other investments | 28,845 | 30,159 | 35,594 |
| Acquisitions, net of cash acquired | (3,488) | (3,305) | (4,702) |
| Capital expenditures | (580) | (650) | (648) |
| Net cash used for investing activities | (7,539) | (5,956) | (8,381) |
| Cash Flows From Financing Activities: | |||
| Payments for repurchases of common stock | (9,813) | (11,021) | (5,856) |
| Proceeds from issuances of common stock | 2,135 | 1,527 | 733 |
| Payments of dividends to stockholders | (2,178) | (1,433) | (1,205) |
| Proceeds from borrowings, net of issuance costs | 5,566 | 4,974 | 1,700 |
| Repayments of borrowings | (2,950) | (1,405) | |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 250 | 241 | 97 |
| Distributions to noncontrolling interests | (28) | (31) | (163) |
| Other, net | 193 | ||
| Net cash used for financing activities | (4,068) | (8,500) | (6,099) |
| Effect of exchange rate changes on cash and cash equivalents | (158) | (110) | (471) |
| Net increase (decrease) in cash and cash equivalents | 3,156 | (342) | (1,208) |
| Cash and cash equivalents at beginning of period | 14,613 | 14,955 | |
| Cash and cash equivalents at end of period | 17,769 | 14,613 | 14,955 |
| Non-cash investing and financing transactions: | |||
| Fair value of stock options and restricted stock-based awards assumed in connection with acquisitions | 148 | 15 | 29 |
| Fair value of contingent consideration payable in connection with acquisition | 346 | ||
| (Decrease) increase in unsettled repurchases of common stock | (15) | (27) | 112 |
| Increase in unsettled purchases of marketable securities | 78 | ||
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 2,841 | 2,644 | 2,731 |
| Cash paid for interest | 827 | 781 | 737 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2014 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2014 10-K (Filed: June 26, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2014 | May 31, 2013 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 17,769 | 14,613 |
| Marketable securities | 21,050 | 17,603 |
| Trade receivables, net of allowances for doubtful accounts of $306 and $296 as of May 31, 2014 and 2013, respectively | 6,087 | 6,049 |
| Inventories | 189 | 240 |
| Deferred tax assets | 914 | 974 |
| Prepaid expenses and other current assets | 2,129 | 2,213 |
| Total current assets | 48,138 | 41,692 |
| Non-current assets: | ||
| Property, plant and equipment, net | 3,061 | 3,053 |
| Intangible assets, net | 6,137 | 6,640 |
| Goodwill | 29,652 | 27,343 |
| Deferred tax assets | 837 | 766 |
| Other assets | 2,519 | 2,318 |
| Total non-current assets | 42,206 | 40,120 |
| Total assets | 90,344 | 81,812 |
| Liabilities and Stockholders' Equity: | ||
| Current liabilities: | ||
| Notes payable, current and other current borrowings | 1,508 | |
| Accounts payable | 471 | 419 |
| Accrued compensation and related benefits | 1,940 | 1,851 |
| Income taxes payable | 416 | 911 |
| Deferred revenues | 7,269 | 7,118 |
| Other current liabilities | 2,785 | 2,573 |
| Total current liabilities | 14,389 | 12,872 |
| Non-current liabilities: | ||
| Notes payable and other non-current borrowings | 22,667 | 18,494 |
| Income taxes payable | 4,184 | 3,899 |
| Other non-current liabilities | 1,657 | 1,402 |
| Total non-current liabilities | 28,508 | 23,795 |
| 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: 4,464 shares and 4,646 shares as of May 31, 2014 and 2013, respectively | 21,077 | 18,893 |
| Retained earnings | 25,965 | 25,854 |
| Accumulated other comprehensive loss | (164) | (99) |
| Total Oracle Corporation stockholders' equity | 46,878 | 44,648 |
| Noncontrolling interests | 569 | 497 |
| Total equity | 47,447 | 45,145 |
| Total liabilities and equity | 90,344 | 81,812 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2014 | |
| 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 |