Oracle 2005 Annual Report Download - page 68

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Table of Contents
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2006, 2005 and 2004
Year Ended May 31,
(in millions, except per share data) 2006 2005 2004
Revenues:
New software licenses $ 4,905 $ 4,091 $ 3,541
Software license updates and product support 6,636 5,330 4,529
Software revenues 11,541 9,421 8,070
Services 2,839 2,378 2,086
Total revenues 14,380 11,799 10,156
Operating expenses:
Sales and marketing 3,177 2,511 2,123
Software license updates and product support 719 618 547
Cost of services 2,516 2,033 1,770
Research and development 1,872 1,491 1,254
General and administrative 555 550 508
Amortization of intangible assets 583 219 36
Acquisition related 137 208 54
Restructuring 85 147 —
Total operating expenses 9,644 7,777 6,292
Operating income 4,736 4,022 3,864
Interest expense (169) (135) (21)
Non-operating income, net:
Interest income 170 185 118
Net investment gains 25 2 29
Other 48 (23) (45)
Total non-operating income, net 243 164 102
Income before provision for income taxes 4,810 4,051 3,945
Provision for income taxes 1,429 1,165 1,264
Net income $ 3,381 $ 2,886 $ 2,681
Earnings per share:
Basic $ 0.65 $ 0.56 $ 0.51
Diluted $ 0.64 $ 0.55 $ 0.50
Weighted average common shares outstanding:
Basic 5,196 5,136 5,215
Diluted 5,287 5,231 5,326
See notes to consolidated financial statements.
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Source: ORACLE CORP, 10-K, July 21, 2006 Powered by Morningstar® Document Research℠