Oracle 2005 Annual Report Download - page 67

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Table of Contents
ORACLE CORPORATION
CONSOLIDATED BALANCE SHEETS
As of May 31, 2006 and 2005
May 31,
(in millions, except per share data) 2006 2005
ASSETS
Current assets:
Cash and cash equivalents $ 6,659 $ 3,894
Marketable securities 946 877
Trade receivables, net of allowances of $325 and $269 3,022 2,570
Other receivables 398 330
Deferred tax assets 714 486
Prepaid expenses and other current assets 235 291
Total current assets 11,974 8,448
Non-current assets:
Property, net 1,391 1,442
Intangible assets, net 4,528 3,373
Goodwill 9,809 7,003
Other assets 1,327 421
Total non-current assets 17,055 12,239
Total assets $ 29,029 $ 20,687
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt $ 159 $ 2,693
Accounts payable 268 230
Income taxes payable 810 904
Accrued compensation and related benefits 1,172 923
Accrued restructuring 412 156
Deferred revenues 2,830 2,289
Other current liabilities 1,279 868
Total current liabilities 6,930 8,063
Non-current liabilities:
Notes payable and long-term debt, net of current portion 5,735 159
Deferred tax liabilities 564 1,010
Accrued restructuring 273 120
Deferred revenues 114 126
Other long-term liabilities 401 372
Total non-current liabilities 7,087 1,787
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized: 1.0 shares; outstanding: none — —
Common stock, $0.01 par value and additional paid in capital—authorized: 11,000 shares; outstanding: 5,232 shares at May 31, 2006 and
5,145 shares at May 31, 2005 9,246 6,596
Retained earnings 5,538 4,043
Deferred compensation (30) (45)
Accumulated other comprehensive income 258 243
Total stockholders’ equity 15,012 10,837
Total liabilities and stockholders’ equity $ 29,029 $ 20,687
See notes to consolidated financial statements.
64
Source: ORACLE CORP, 10-K, July 21, 2006 Powered by Morningstar® Document Research℠