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: 2019 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2019 10-K (Filed: June 21, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2019 | May 31, 2018 | May 31, 2017 | |
| Revenues: | |||
| Cloud services and license support | $ 26,707 | 26,222 | 23,758 |
| Cloud license and on-premise license | 5,855 | 5,772 | 6,523 |
| Hardware | 3,704 | 3,994 | 4,152 |
| Services | 3,240 | 3,395 | 3,359 |
| Total revenues | 39,506 | 39,383 | 37,792 |
| Operating expenses: | |||
| Cloud services and license support | 3,782 [1] | 3,606 | 3,011 |
| Hardware | 1,360 | 1,576 | 1,648 |
| Services | 2,853 | 2,878 | 2,793 |
| Sales and marketing | 8,509 | 8,433 | 8,085 |
| Research and development | 6,026 | 6,084 | 6,153 |
| General and administrative | 1,265 | 1,282 | 1,172 |
| Amortization of intangible assets | 1,689 | 1,620 | 1,451 |
| Acquisition related and other | 44 | 52 | 103 |
| Restructuring | 443 | 588 | 463 |
| Total operating expenses | 25,971 | 26,119 | 24,879 |
| Operating income | 13,535 | 13,264 | 12,913 |
| Interest expense | (2,082) | (2,025) | (1,798) |
| Non-operating income, net | 815 | 1,185 | 565 |
| Income before provision for income taxes | 12,268 | 12,424 | 11,680 |
| Provision for income taxes | 1,185 | 8,837 | 2,228 |
| Net income | 11,083 | 3,587 | 9,452 |
| Earnings per share: | |||
| Basic | 3.05 | 0.87 | 2.30 |
| Diluted | 2.97 | 0.85 | 2.24 |
| Weighted average common shares outstanding: | |||
| Basic | 3,634 | 4,121 | 4,115 |
| Diluted | 3,732 | 4,238 | 4,217 |
| [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: 2019 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2019 10-K (Filed: June 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2019 | May 31, 2018 | May 31, 2017 | |
| Net income | $ 11,083 | 3,587 | 9,452 |
| Other comprehensive income (loss), net of tax: | |||
| Net foreign currency translation (losses) gains | (149) | (291) | 85 |
| Net unrealized (losses) gains on defined benefit plans | (70) | 34 | (102) |
| Net unrealized gains (losses) on marketable securities | 332 | (609) | (9) |
| Net unrealized (losses) gains on cash flow hedges | (52) | 37 | 25 |
| Total other comprehensive income (loss), net | 61 | (829) | (1) |
| Comprehensive income | 11,144 | 2,758 | 9,451 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2019 10-K (Filed: June 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2019 | May 31, 2018 | May 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 11,083 | 3,587 | 9,452 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 1,230 | 1,165 | 1,000 |
| Amortization of intangible assets | 1,689 | 1,620 | 1,451 |
| Allowances for doubtful accounts receivable | 190 | 146 | 129 |
| Deferred income taxes | (1,191) | (847) | (440) |
| Stock-based compensation | 1,653 | 1,607 | 1,350 |
| Other, net | 157 | (27) | 126 |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| (Increase) decrease in trade receivables, net | (272) | 267 | (67) |
| Decrease (increase) in prepaid expenses and other assets | 261 | (258) | (384) |
| (Decrease) increase in accounts payable and other liabilities | (102) | (260) | 230 |
| (Decrease) increase in income taxes payable | (453) | 8,150 | 732 |
| Increase in deferred revenues | 306 | 236 | 547 |
| Net cash provided by operating activities | 14,551 | 15,386 | 14,126 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (1,400) | (25,282) | (25,867) |
| Proceeds from maturities of marketable securities and other investments | 12,681 | 20,372 | 15,186 |
| Proceeds from sales of marketable securities | 17,299 | 2,745 | 2,429 |
| Acquisitions, net of cash acquired | (363) | (1,724) | (11,221) |
| Capital expenditures | (1,660) | (1,736) | (2,021) |
| Net cash provided by (used for) investing activities | 26,557 | (5,625) | (21,494) |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (36,140) | (11,347) | (3,561) |
| Proceeds from issuances of common stock | 2,155 | 2,402 | 2,181 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (503) | (506) | (283) |
| Payments of dividends to stockholders | (2,932) | (3,140) | (2,631) |
| Proceeds from borrowings, net of issuance costs | 0 | 12,443 | 17,732 |
| Repayments of borrowings | (4,500) | (9,800) | (4,094) |
| Other, net | (136) | (34) | (258) |
| Net cash (used for) provided by financing activities | (42,056) | (9,982) | 9,086 |
| Effect of exchange rate changes on cash and cash equivalents | (158) | 57 | (86) |
| Net (decrease) increase in cash and cash equivalents | (1,106) | (164) | 1,632 |
| Cash and cash equivalents at beginning of period | 21,620 | 21,784 | |
| Cash and cash equivalents at end of period | 20,514 | 21,620 | 21,784 |
| Non-cash investing and financing transactions: | |||
| Fair values of restricted stock-based awards and stock options assumed in connection with acquisitions | 8 | 3 | 90 |
| Change in unsettled repurchases of common stock | (140) | 154 | (69) |
| Change in unsettled investment purchases | 0 | (303) | 73 |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 2,901 | 1,562 | 1,983 |
| Cash paid for interest | 2,059 | 1,910 | 1,612 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2019 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2019 10-K (Filed: June 21, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2019 | May 31, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 20,514 | 21,620 |
| Marketable securities | 17,313 | 45,641 |
| Trade receivables, net of allowances for doubtful accounts of $371 and $370 as of May 31, 2019 and May 31, 2018, respectively | 5,134 | 5,136 |
| Prepaid expenses and other current assets | 3,425 | 3,762 |
| Total current assets | 46,386 | 76,159 |
| Non-current assets: | ||
| Property, plant and equipment, net | 6,252 | 5,897 |
| Intangible assets, net | 5,279 | 6,670 |
| Goodwill, net | 43,779 | 43,755 |
| Deferred tax assets | 2,696 | 1,395 |
| Other non-current assets | 4,317 | 3,975 |
| Total non-current assets | 62,323 | 61,692 |
| Total assets | 108,709 | 137,851 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Notes payable and other borrowings, current | 4,494 | 4,491 |
| Accounts payable | 580 | 529 |
| Accrued compensation and related benefits | 1,628 | 1,806 |
| Deferred revenues | 8,374 | 8,341 |
| Other current liabilities | 3,554 | 3,957 |
| Total current liabilities | 18,630 | 19,124 |
| Non-current liabilities: | ||
| Notes payable and other borrowings, non-current | 51,673 | 56,128 |
| Income taxes payable | 13,295 | 13,429 |
| Other non-current liabilities | 2,748 | 2,297 |
| Total non-current liabilities | 67,716 | 71,854 |
| Commitments and contingencies | 0 | 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: 3,359 shares and 3,997 shares as of May 31, 2019 and May 31, 2018, respectively | 26,909 | 28,950 |
| (Accumulated deficit) retained earnings | (3,496) | 19,111 |
| Accumulated other comprehensive loss | (1,628) | (1,689) |
| Total Oracle Corporation stockholders' equity | 21,785 | 46,372 |
| Noncontrolling interests | 578 | 501 |
| Total equity | 22,363 | 46,873 |
| Total liabilities and equity | 108,709 | 137,851 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2019 | |
| 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 |