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: 2023 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending May 31, 2023 10-K (Filed: June 20, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2023 | May 31, 2022 | May 31, 2021 | |
| Revenues: | |||
| Cloud services and license support | $ 35,307 | 30,174 | 28,700 |
| Cloud license and on-premise license | 5,779 | 5,878 | 5,399 |
| Hardware | 3,274 | 3,183 | 3,359 |
| Services | 5,594 | 3,205 | 3,021 |
| Total revenues | 49,954 | 42,440 | 40,479 |
| Operating expenses: | |||
| Cloud services and license support | 7,763 | 5,213 | 4,353 |
| Hardware | 1,040 | 972 | 972 |
| Services | 4,761 | 2,692 | 2,530 [1] |
| Sales and marketing | 8,833 | 8,047 | 7,682 |
| Research and development | 8,623 | 7,219 | 6,527 |
| General and administrative | 1,579 | 1,317 | 1,254 |
| Amortization of intangible assets | 3,582 | 1,150 | 1,379 |
| Acquisition related and other | 190 | 4,713 | 138 |
| Restructuring | 490 | 191 | 431 |
| Total operating expenses | 36,861 | 31,514 | 25,266 |
| Operating income | 13,093 | 10,926 | 15,213 |
| Interest expense | (3,505) | (2,755) | (2,496) |
| Non-operating (expenses) income, net | (462) | (522) | 282 |
| Income before income taxes | 9,126 | 7,649 | 12,999 |
| (Provision for) benefit from income taxes | (623) | (932) | 747 |
| Net income | 8,503 | 6,717 | 13,746 |
| Earnings per share: | |||
| Basic | 3.15 | 2.49 | 4.67 |
| Diluted | 3.07 | 2.41 | 4.55 |
| Weighted average common shares outstanding: | |||
| Basic | 2,696 | 2,700 | 2,945 |
| Diluted | 2,766 | 2,786 | 3,022 |
| [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: 2023 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending May 31, 2023 10-K (Filed: June 20, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2023 | May 31, 2022 | May 31, 2021 | |
| Net income | $ 8,503 | 6,717 | 13,746 |
| Other comprehensive income (loss), net of tax: | |||
| Net foreign currency translation (losses) gains | (204) | (707) | 479 |
| Net unrealized gains on defined benefit plans | 271 | 190 | 71 |
| Other, net | 103 | 0 | (9) |
| Total other comprehensive income (loss), net | 170 | (517) | 541 |
| Comprehensive income | 8,673 | 6,200 | 14,287 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ORACLE CORP | |||
Ticker: ORCL Fiscal Year: 2023 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending May 31, 2023 10-K (Filed: June 20, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| May 31, 2023 | May 31, 2022 | May 31, 2021 | |
| Cash flows from operating activities: | |||
| Net income | $ 8,503 | 6,717 | 13,746 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 2,526 | 1,972 | 1,537 |
| Amortization of intangible assets | 3,582 | 1,150 | 1,379 |
| Deferred income taxes | (2,167) | (1,146) | (2,425) |
| Stock-based compensation | 3,547 | 2,613 | 1,837 |
| Other, net | 661 | 220 | (39) |
| Changes in operating assets and liabilities, net of effects from acquisitions: | |||
| (Increase) decrease in trade receivables, net | (151) | (874) | 333 |
| Decrease in prepaid expenses and other assets | 317 | 11 | 622 |
| Decrease in accounts payable and other liabilities | (281) | (733) | (23) |
| Decrease in income taxes payable | (153) | (398) | (1,485) |
| Increase in deferred revenues | 781 | 7 | 405 |
| Net cash provided by operating activities | 17,165 | 9,539 | 15,887 |
| Cash flows from investing activities: | |||
| Purchases of marketable securities and other investments | (1,181) | (10,272) | (37,982) |
| Proceeds from sales and maturities of marketable securities and other investments | 1,113 | 26,151 | 27,060 |
| Acquisitions, net of cash acquired | (27,721) | (148) | (41) |
| Capital expenditures | (8,695) | (4,511) | (2,135) |
| Net cash (used for) provided by investing activities | (36,484) | 11,220 | (13,098) |
| Cash flows from financing activities: | |||
| Payments for repurchases of common stock | (1,300) | (16,248) | (20,934) |
| Proceeds from issuances of common stock | 1,192 | 482 | 1,786 |
| Shares repurchased for tax withholdings upon vesting of restricted stock-based awards | (1,203) | (1,093) | (666) |
| Payments of dividends to stockholders | (3,668) | (3,457) | (3,063) |
| Proceeds from issuances of commercial paper, net of repayments | 500 | 0 | 0 |
| Proceeds from issuances of senior notes and other borrowings, net of issuance costs | 33,494 | 0 | 14,934 |
| Repayments of senior notes and other borrowings | (21,050) | (8,250) | (2,631) |
| Other, net | (55) | (560) | 196 |
| Net cash provided by (used for) financing activities | 7,910 | (29,126) | (10,378) |
| Effect of exchange rate changes on cash and cash equivalents | (209) | (348) | 448 |
| Net decrease in cash and cash equivalents | (11,618) | (8,715) | (7,141) |
| Cash and cash equivalents at beginning of period | 21,383 | 30,098 | |
| Cash and cash equivalents at end of period | 9,765 | 21,383 | 30,098 |
| Non-cash investing and financing activities: | |||
| Fair values of stock awards assumed in connection with acquisitions | 55 | 0 | 0 |
| Supplemental schedule of cash flow data: | |||
| Cash paid for income taxes | 3,009 | 2,567 | 3,189 |
| Cash paid for interest | 3,250 | 2,735 | 2,408 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ORACLE CORP | ||
Ticker: ORCL Fiscal Year: 2023 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending May 31, 2023 10-K (Filed: June 20, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| May 31, 2023 | May 31, 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 9,765 | 21,383 |
| Marketable securities | 422 | 519 |
| Trade receivables, net of allowances for credit losses of $428 and $362 as of May 31, 2023 and May 31, 2022, respectively | 6,915 | 5,953 |
| Prepaid expenses and other current assets | 3,902 | 3,778 |
| Total current assets | 21,004 | 31,633 |
| Non-current assets: | ||
| Property, plant and equipment, net | 17,069 | 9,716 |
| Intangible assets, net | 9,837 | 1,440 |
| Goodwill, net | 62,261 | 43,811 |
| Deferred tax assets | 12,226 | 12,782 |
| Other non-current assets | 11,987 | 9,915 |
| Total non-current assets | 113,380 | 77,664 |
| Total assets | 134,384 | 109,297 |
| Current liabilities: | ||
| Notes payable and other borrowings, current | 4,061 | 3,749 |
| Accounts payable | 1,204 | 1,317 |
| Accrued compensation and related benefits | 2,053 | 1,944 |
| Deferred revenues | 8,970 | 8,357 |
| Other current liabilities | 6,802 | 4,144 |
| Total current liabilities | 23,090 | 19,511 |
| Non-current liabilities: | ||
| Notes payable and other borrowings, non-current | 86,420 | 72,110 |
| Income taxes payable | 11,077 | 12,210 |
| Deferred tax liabilities | 5,772 | 6,031 |
| Other non-current liabilities | 6,469 | 5,203 |
| Total non-current liabilities | 109,738 | 95,554 |
| Commitments and contingencies | ||
| Preferred stock, $0.01 par valueauthorized: 1.0 shares; outstanding: none | 0 | 0 |
| Common stock, $0.01 par value and additional paid in capital authorized: 11,000 shares; outstanding: 2,713 shares and 2,665 shares as of May 31, 2023 and 2022, respectively | 30,215 | 26,808 |
| Accumulated deficit | (27,620) | (31,336) |
| Accumulated other comprehensive loss | (1,522) | (1,692) |
| Total Oracle Corporation stockholders' equity (deficit) | 1,073 | (6,220) |
| Noncontrolling interests | 483 | 452 |
| Total stockholders' equity (deficit) | 1,556 | (5,768) |
| Total liabilities and stockholders' equity (deficit) | 134,384 | 109,297 |
| External Links | |
| ORACLE CORP (ORCL) Fiscal Year 2023 | |