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: 2016 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2016 10-K (Filed: June 22, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2016 | May 31, 2015 | May 31, 2014 | |
| Revenues: | |||
| Cloud and on-premises software revenues | |||
| Cloud software as a service and platform as a service | $ 2,207 | 1,485 | 1,121 |
| Cloud infrastructure as a service | 646 | 608 | 456 |
| Total cloud revenues | 2,853 | 2,093 | 1,577 |
| New software licenses | 7,276 | 8,535 | 9,416 |
| Software license updates and product support | 18,861 | 18,847 | 18,206 |
| Total on-premise software revenues | 26,137 | 27,382 | 27,622 |
| Total cloud and on-premise software revenues | 28,990 | 29,475 | 29,199 |
| Hardware revenues: | |||
| Hardware products | 2,471 | 2,825 | 2,976 |
| Hardware support | 2,197 | 2,380 | 2,396 |
| Total hardware revenues | 4,668 | 5,205 | 5,372 |
| Total services revenues | 3,389 | 3,546 | 3,704 |
| Total revenues | 37,047 | 38,226 | 38,275 |
| Operating expenses: | |||
| Sales and marketing | 7,884 | 7,655 | 7,567 |
| Cloud software as a service and platform as a service | 1,152 | 773 | 455 |
| Cloud infrastructure as a service | 366 | 344 | 308 |
| Software license updates and product support | 1,146 | 1,199 | 1,162 |
| Hardware products | 1,371 | 1,471 | 1,521 |
| Hardware support | 693 | 816 | 836 |
| Services | 2,751 [1] | 2,929 | 2,954 |
| Research and development | 5,787 | 5,524 | 5,151 |
| General and administrative | 1,155 | 1,077 | 1,038 |
| Amortization of intangible assets | 1,638 | 2,149 | 2,300 |
| Acquisition related and other | 42 | 211 | 41 |
| Restructuring | 458 | 207 | 183 |
| Total operating expenses | 24,443 | 24,355 | 23,516 |
| Operating income | 12,604 | 13,871 | 14,759 |
| Interest expense | (1,467) | (1,143) | (914) |
| Non-operating income (expense), net | 305 | 106 | (141) |
| Income before provision for income taxes | 11,442 | 12,834 | 13,704 |
| Provision for income taxes | 2,541 | 2,896 | 2,749 |
| Net income | 8,901 | 9,938 | 10,955 |
| Earnings per share: | |||
| Basic (in dollars per share) | 2.11 | 2.26 | 2.42 |
| Diluted (in dollars per share) | 2.07 | 2.21 | 2.38 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 4,221 | 4,404 | 4,528 |
| Diluted (in shares) | 4,305 | 4,503 | 4,604 |
| Dividends declared per common share (in dollars per share) | 0.60 | 0.51 | 0.48 |
| [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: 2016 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2016 10-K (Filed: June 22, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2016 | May 31, 2015 | May 31, 2014 | |
| Net income | $ 8,901 | 9,938 | 10,955 |
| Other comprehensive gain (loss), net of tax: | |||
| Total other comprehensive gain (loss), net | 206 | (898) | (75) |
| Statement | |||
| Portion attributable to Parent | |||
| Net income | 8,901 | 9,938 | 10,955 |
| Net foreign currency translation gains (losses) | 73 | (770) | (78) |
| Net unrealized gains (losses) on defined benefit plans | 50 | (151) | 23 |
| Net unrealized gains (losses) on marketable securities | 72 | 59 | (15) |
| Net unrealized (losses) gains on cash flow hedges | (15) | 30 | 5 |
| Total other comprehensive gain (loss), net | 180 | (832) | (65) |
| Comprehensive income | 9,081 | 9,106 | 10,890 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2016 10-K (Filed: June 22, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2016 | May 31, 2015 | May 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 8,901 | 9,938 | 10,955 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 871 | 712 | 608 |
| Amortization of intangible assets | 1,638 | 2,149 | 2,300 |
| Allowances for doubtful accounts receivable | 130 | 56 | 122 |
| Deferred income taxes | (105) | (548) | (248) |
| Stock-based compensation | 1,037 | 933 | 805 |
| Tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 311 | 396 | 480 |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards | (124) | (244) | (250) |
| Other, net | 143 | 327 | 311 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| Decrease in trade receivables | 96 | 208 | 24 |
| Decrease (increase) in inventories | 88 | (96) | 57 |
| Increase in prepaid expenses and other assets | (90) | (387) | (143) |
| (Decrease) increase in accounts payable and other liabilities | (13) | 247 | 48 |
| Increase (decrease) in income taxes payable | 2 | (10) | (320) |
| Increase in deferred revenues | 676 | 655 | 172 |
| Net cash provided by operating activities | 13,561 | 14,336 | 14,921 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (24,562) | (31,421) | (32,316) |
| Proceeds from maturities and sales of marketable securities and other investments | 21,247 | 20,004 | 28,845 |
| Acquisitions, net of cash acquired | (650) | (6,239) | (3,488) |
| Capital expenditures | (1,189) | (1,391) | (580) |
| Net cash used for investing activities | (5,154) | (19,047) | (7,539) |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (10,440) | (8,087) | (9,813) |
| Proceeds from issuances of common stock | 1,425 | 1,816 | 2,155 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (89) | (14) | (20) |
| Payments of dividends to stockholders | (2,541) | (2,255) | (2,178) |
| Proceeds from borrowings, net of issuance costs | 3,750 | 19,842 | 5,566 |
| Repayments of borrowings | (2,000) | (1,500) | |
| Excess tax benefits on the exercise of stock options and vesting of restricted stock-based awards | 124 | 244 | 250 |
| Distributions to noncontrolling interests | (85) | (196) | (28) |
| Net cash (used for) provided by financing activities | (9,856) | 9,850 | (4,068) |
| Effect of exchange rate changes on cash and cash equivalents | (115) | (1,192) | (158) |
| Net (decrease) increase in cash and cash equivalents | (1,564) | 3,947 | 3,156 |
| Cash and cash equivalents at beginning of period | 21,716 | 17,769 | |
| Cash and cash equivalents at end of period | 20,152 | 21,716 | 17,769 |
| Non-cash investing and financing transactions: | |||
| Fair values of restricted stock-based awards and stock options assumed in connection with acquisitions | 1 | 12 | 148 |
| (Decrease) increase in unsettled repurchases of common stock | (1) | 1 | (15) |
| (Decrease) increase in unsettled investment purchases | (112) | 264 | 78 |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 2,331 | 3,055 | 2,841 |
| Cash paid for interest | 1,616 | 1,022 | 827 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2016 10-K (Filed: June 22, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2016 | May 31, 2015 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $ 20,152 | 21,716 |
| Marketable securities | 35,973 | 32,652 |
| Trade receivables, net of allowances for doubtful accounts of $327 and $285 as of May 31, 2016 and 2015, respectively | 5,385 | 5,618 |
| Inventories | 212 | 314 |
| Prepaid expenses and other current assets | 2,591 | 2,220 |
| Total current assets | 64,313 | 62,520 |
| Non-current assets: | ||
| Property, plant and equipment, net | 4,000 | 3,686 |
| Intangible assets, net | 4,943 | 6,406 |
| Goodwill, net | 34,590 | 34,087 |
| Deferred tax assets | 1,291 | 1,458 |
| Other assets | 3,043 | 2,746 |
| Total non-current assets | 47,867 | 48,383 |
| Total assets | 112,180 | 110,903 |
| Liabilities and Stockholders' Equity: | ||
| Current liabilities: | ||
| Notes payable, current | 3,750 | 1,999 |
| Accounts payable | 504 | 806 |
| Accrued compensation and related benefits | 1,966 | 1,839 |
| Deferred revenues | 7,655 | 7,245 |
| Other current liabilities | 3,333 | 3,317 |
| Total current liabilities | 17,208 | 15,206 |
| Non-current liabilities: | ||
| Notes payable, non-current | 40,105 | 39,959 |
| Income taxes payable | 4,908 | 4,386 |
| Other non-current liabilities | 2,169 | 2,254 |
| Total non-current liabilities | 47,182 | 46,599 |
| 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: 4,131 shares and 4,343 shares as of May 31, 2016 and 2015, respectively | 24,217 | 23,156 |
| Retained earnings | 23,888 | 26,503 |
| Accumulated other comprehensive loss | (816) | (996) |
| Total Oracle Corporation stockholders' equity | 47,289 | 48,663 |
| Noncontrolling interests | 501 | 435 |
| Total equity | 47,790 | 49,098 |
| Total liabilities and equity | 112,180 | 110,903 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2016 | |
| 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 |