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: 2020 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2020 10-K (Filed: June 22, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2020 | May 31, 2019 | May 31, 2018 | |
| Revenues: | |||
| Cloud services and license support | $ 27,392 | 26,707 | 26,222 |
| Cloud license and on-premise license | 5,127 | 5,855 | 5,772 |
| Hardware | 3,443 | 3,704 | 3,994 |
| Services | 3,106 | 3,240 | 3,395 |
| Total revenues | 39,068 | 39,506 | 39,383 |
| Operating expenses: | |||
| Cloud services and license support | 4,006 | 3,782 | 3,606 |
| Hardware | 1,116 | 1,360 | 1,576 |
| Services | 2,816 | 2,853 | 2,878 |
| Sales and marketing | 8,094 [1] | 8,509 | 8,433 |
| Research and development | 6,067 | 6,026 | 6,084 |
| General and administrative | 1,181 | 1,265 | 1,282 |
| Amortization of intangible assets | 1,586 | 1,689 | 1,620 |
| Acquisition related and other | 56 | 44 | 52 |
| Restructuring | 250 | 443 | 588 |
| Total operating expenses | 25,172 | 25,971 | 26,119 |
| Operating income | 13,896 | 13,535 | 13,264 |
| Interest expense | (1,995) | (2,082) | (2,025) |
| Non-operating income, net | 162 | 815 | 1,185 |
| Income before provision for income taxes | 12,063 | 12,268 | 12,424 |
| Provision for income taxes | 1,928 | 1,185 | 8,837 |
| Net income | 10,135 | 11,083 | 3,587 |
| Earnings per share: | |||
| Basic | 3.16 | 3.05 | 0.87 |
| Diluted | 3.08 | 2.97 | 0.85 |
| Weighted average common shares outstanding: | |||
| Basic | 3,211 | 3,634 | 4,121 |
| Diluted | 3,294 | 3,732 | 4,238 |
| [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: 2020 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2020 10-K (Filed: June 22, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2020 | May 31, 2019 | May 31, 2018 | |
| Net income | $ 10,135 | 11,083 | 3,587 |
| Other comprehensive (loss) income, net of tax: | |||
| Net foreign currency translation losses | (78) | (149) | (291) |
| Net unrealized (losses) gains on defined benefit plans | (79) | (70) | 34 |
| Net unrealized gains (losses) on marketable securities | 91 | 332 | (609) |
| Net unrealized (losses) gains on cash flow hedges | (22) | (52) | 37 |
| Total other comprehensive (loss) income, net | (88) | 61 | (829) |
| Comprehensive income | 10,047 | 11,144 | 2,758 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2020 10-K (Filed: June 22, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2020 | May 31, 2019 | May 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 10,135 | 11,083 | 3,587 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 1,382 | 1,230 | 1,165 |
| Amortization of intangible assets | 1,586 | 1,689 | 1,620 |
| Allowances for doubtful accounts receivable | 245 | 190 | 146 |
| Deferred income taxes | (851) | (1,191) | (847) |
| Stock-based compensation | 1,590 | 1,653 | 1,607 |
| Other, net | 239 | 157 | (27) |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| (Increase) decrease in trade receivables, net | (690) | (272) | 267 |
| Decrease (increase) in prepaid expenses and other assets | 665 | 261 | (258) |
| Decrease in accounts payable and other liabilities | (496) | (102) | (260) |
| (Decrease) increase in income taxes payable | (444) | (453) | 8,150 |
| (Decrease) increase in deferred revenues | (222) | 306 | 236 |
| Net cash provided by operating activities | 13,139 | 14,551 | 15,386 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (5,731) | (1,400) | (25,282) |
| Proceeds from maturities of marketable securities and other investments | 4,687 | 12,681 | 20,372 |
| Proceeds from sales of marketable securities | 12,575 | 17,299 | 2,745 |
| Acquisitions, net of cash acquired | (124) | (363) | (1,724) |
| Capital expenditures | (1,564) | (1,660) | (1,736) |
| Net cash provided by (used for) investing activities | 9,843 | 26,557 | (5,625) |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (19,240) | (36,140) | (11,347) |
| Proceeds from issuances of common stock | 1,588 | 2,155 | 2,402 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (665) | (503) | (506) |
| Payments of dividends to stockholders | (3,070) | (2,932) | (3,140) |
| Proceeds from borrowings, net of issuance costs | 19,888 | 0 | 12,443 |
| Repayments of borrowings | (4,500) | (4,500) | (9,800) |
| Other, net | (133) | (136) | (34) |
| Net cash used for financing activities | (6,132) | (42,056) | (9,982) |
| Effect of exchange rate changes on cash and cash equivalents | (125) | (158) | 57 |
| Net increase (decrease) in cash and cash equivalents | 16,725 | (1,106) | (164) |
| Cash and cash equivalents at beginning of period | 20,514 | 21,620 | |
| Cash and cash equivalents at end of period | 37,239 | 20,514 | 21,620 |
| Non-cash investing and financing activities: | |||
| Fair values of stock awards assumed in connection with acquisitions | 0 | 8 | 3 |
| Change in unsettled repurchases of common stock | (40) | (140) | 154 |
| Change in unsettled investment purchases | 0 | 0 | (303) |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 3,218 | 2,901 | 1,562 |
| Cash paid for interest | 1,972 | 2,059 | 1,910 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2020 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2020 10-K (Filed: June 22, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2020 | May 31, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 37,239 | 20,514 |
| Marketable securities | 5,818 | 17,313 |
| Trade receivables, net of allowances for doubtful accounts of $409 and $371 as of May 31, 2020 and May 31, 2019, respectively | 5,551 | 5,134 |
| Prepaid expenses and other current assets | 3,532 | 3,425 |
| Total current assets | 52,140 | 46,386 |
| Non-current assets: | ||
| Property, plant and equipment, net | 6,244 | 6,252 |
| Intangible assets, net | 3,738 | 5,279 |
| Goodwill, net | 43,769 | 43,779 |
| Deferred tax assets | 3,252 | 2,696 |
| Other non-current assets | 6,295 | 4,317 |
| Total non-current assets | 63,298 | 62,323 |
| Total assets | 115,438 | 108,709 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Notes payable, current | 2,371 | 4,494 |
| Accounts payable | 637 | 580 |
| Accrued compensation and related benefits | 1,453 | 1,628 |
| Deferred revenues | 8,002 | 8,374 |
| Other current liabilities | 4,737 | 3,554 |
| Total current liabilities | 17,200 | 18,630 |
| Non-current liabilities: | ||
| Notes payable and other borrowings, non-current | 69,226 | 51,673 |
| Income taxes payable | 12,463 | 13,295 |
| Other non-current liabilities | 3,832 | 2,748 |
| Total non-current liabilities | 85,521 | 67,716 |
| 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: 3,067 shares and 3,359 shares as of May 31, 2020 and May 31, 2019, respectively | 26,486 | 26,909 |
| Accumulated deficit | (12,696) | (3,496) |
| Accumulated other comprehensive loss | (1,716) | (1,628) |
| Total Oracle Corporation stockholders' equity | 12,074 | 21,785 |
| Noncontrolling interests | 643 | 578 |
| Total equity | 12,717 | 22,363 |
| Total liabilities and equity | 115,438 | 108,709 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2020 | |
| 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 |