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: 2018 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2018 10-K (Filed: June 22, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2018 | May 31, 2017 | May 31, 2016 | |
| Revenues: | |||
| Cloud services and license support | $ 26,254 | 23,800 | 21,714 |
| Cloud license and on-premise license | 6,190 | 6,418 | 7,276 |
| Hardware | 3,993 | 4,152 | 4,668 |
| Services | 3,394 | 3,358 | 3,389 |
| Total revenues | 39,831 | 37,728 | 37,047 |
| Operating expenses: | |||
| Cloud services and license support | 3,612 [1] | 3,015 | 2,664 |
| Hardware | 1,581 | 1,653 | 2,064 |
| Services | 2,888 | 2,801 | 2,751 |
| Sales and marketing | 8,431 | 8,197 | 7,884 |
| Research and development | 6,091 | 6,159 | 5,787 |
| General and administrative | 1,289 | 1,176 | 1,155 |
| Amortization of intangible assets | 1,620 | 1,451 | 1,638 |
| Acquisition related and other | 52 | 103 | 42 |
| Restructuring | 588 | 463 | 458 |
| Total operating expenses | 26,152 | 25,018 | 24,443 |
| Operating income | 13,679 | 12,710 | 12,604 |
| Interest expense | (2,025) | (1,798) | (1,467) |
| Non-operating income, net | 1,237 | 605 | 305 |
| Income before provision for income taxes | 12,891 | 11,517 | 11,442 |
| Provision for income taxes | 9,066 | 2,182 | 2,541 |
| Net income | 3,825 | 9,335 | 8,901 |
| Earnings per share: | |||
| Basic (in dollars per share) | 0.93 | 2.27 | 2.11 |
| Diluted (in dollars per share) | 0.90 | 2.21 | 2.07 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 4,121 | 4,115 | 4,221 |
| Diluted (in shares) | 4,238 | 4,217 | 4,305 |
| Dividends declared per common share (in dollars per share) | 0.76 | 0.64 | 0.60 |
| [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: 2018 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2018 10-K (Filed: June 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2018 | May 31, 2017 | May 31, 2016 | |
| Net income | $ 3,825 | 9,335 | 8,901 |
| Total other comprehensive (loss) income, net | (833) | 27 | 206 |
| Scenario | |||
| Portion Attributable to Parent | |||
| Net income | 3,825 | 9,335 | 8,901 |
| Net foreign currency translation (losses) gains | (295) | 99 | 73 |
| Net unrealized gains (losses) on defined benefit plans | 34 | (102) | 50 |
| Net unrealized (losses) gains on marketable securities | (609) | (9) | 72 |
| Net unrealized gains (losses) on cash flow hedges | 37 | 25 | (15) |
| Total other comprehensive (loss) income, net | (833) | 13 | 180 |
| Comprehensive income | 2,992 | 9,348 | 9,081 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2018 10-K (Filed: June 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2018 | May 31, 2017 | May 31, 2016 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,825 | 9,335 | 8,901 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 1,165 | 1,000 | 871 |
| Amortization of intangible assets | 1,620 | 1,451 | 1,638 |
| Allowances for doubtful accounts receivable | 146 | 129 | 130 |
| Deferred income taxes | (611) | (486) | (105) |
| Stock-based compensation | 1,607 | 1,350 | 1,037 |
| Other, net | (26) | 123 | 143 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| (Increase) decrease in trade receivables, net | (117) | 18 | 96 |
| Increase in prepaid expenses and other assets | (276) | (24) | (2) |
| Decrease in accounts payable and other liabilities | (264) | (37) | (13) |
| Increase in income taxes payable | 8,143 | 732 | 313 |
| Increase in deferred revenues | 174 | 535 | 676 |
| Net cash provided by operating activities | 15,386 | 14,126 | 13,685 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (25,282) | (25,867) | (24,562) |
| Proceeds from maturities and sales of marketable securities and other investments | 23,117 | 17,615 | 21,247 |
| Acquisitions, net of cash acquired | (1,724) | (11,221) | (650) |
| Capital expenditures | (1,736) | (2,021) | (1,189) |
| Net cash used for investing activities | (5,625) | (21,494) | (5,154) |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (11,347) | (3,561) | (10,440) |
| Proceeds from issuances of common stock | 2,402 | 2,181 | 1,425 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (506) | (283) | (89) |
| Payments of dividends to stockholders | (3,140) | (2,631) | (2,541) |
| Proceeds from borrowings, net of issuance costs | 12,443 | 17,732 | 3,750 |
| Repayments of borrowings | (9,800) | (4,094) | (2,000) |
| Distributions to noncontrolling interests | (34) | (258) | (85) |
| Net cash (used for) provided by financing activities | (9,982) | 9,086 | (9,980) |
| Effect of exchange rate changes on cash and cash equivalents | 57 | (86) | (115) |
| Net (decrease) increase in cash and cash equivalents | (164) | 1,632 | (1,564) |
| Cash and cash equivalents at beginning of period | 21,784 | 20,152 | |
| Cash and cash equivalents at end of period | 21,620 | 21,784 | 20,152 |
| Non-cash investing and financing transactions: | |||
| Fair values of restricted stock-based awards and stock options assumed in connection with acquisitions | 3 | 90 | 1 |
| Change in unsettled repurchases of common stock | 154 | (69) | (1) |
| Change in unsettled investment purchases | (303) | 73 | (112) |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 1,562 | 1,983 | 2,331 |
| Cash paid for interest | 1,910 | 1,612 | 1,616 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2018 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2018 10-K (Filed: June 22, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2018 | May 31, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 21,620 | 21,784 |
| Marketable securities | 45,641 | 44,294 |
| Trade receivables, net of allowances for doubtful accounts of $370 and $319 as of May 31, 2018 and May 31, 2017, respectively | 5,279 | 5,300 |
| Prepaid expenses and other current assets | 3,424 | 3,137 |
| Total current assets | 75,964 | 74,515 |
| Non-current assets: | ||
| Property, plant and equipment, net | 5,897 | 5,315 |
| Intangible assets, net | 6,670 | 7,679 |
| Goodwill, net | 43,755 | 43,045 |
| Deferred tax assets | 1,491 | 1,143 |
| Other non-current assets | 3,487 | 3,294 |
| Total non-current assets | 61,300 | 60,476 |
| Total assets | 137,264 | 134,991 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Notes payable and other borrowings, current | 4,491 | 9,797 |
| Accounts payable | 529 | 599 |
| Accrued compensation and related benefits | 1,789 | 1,966 |
| Deferred revenues | 8,429 | 8,233 |
| Other current liabilities | 3,957 | 3,583 |
| Total current liabilities | 19,195 | 24,178 |
| Non-current liabilities: | ||
| Notes payable and other borrowings, non-current | 56,128 | 48,112 |
| Income taxes payable | 13,422 | 5,681 |
| Other non-current liabilities | 2,295 | 2,774 |
| Total non-current liabilities | 71,845 | 56,567 |
| Commitments and contingencies | 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: 3,997 shares and 4,137 shares as of May 31, 2018 and May 31, 2017, respectively | 28,950 | 27,065 |
| Retained earnings | 18,412 | 27,598 |
| Accumulated other comprehensive loss | (1,636) | (803) |
| Total Oracle Corporation stockholders' equity | 45,726 | 53,860 |
| Noncontrolling interests | 498 | 386 |
| Total equity | 46,224 | 54,246 |
| Total liabilities and equity | 137,264 | 134,991 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2018 | |
| 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 |