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Table of Contents
Item 6. Selected Financial Data
The following table sets forth selected financial data as of and for the last five fiscal years. This selected
financial data should be read in conjunction with the consolidated financial statements and related notes
included in Item 15 of this Form 10-K. In the last three fiscal years, we have invested over $25 billion, in the
aggregate, for our acquisitions, including PeopleSoft, Siebel and Hyperion. The results of our acquired
companies have been included in our consolidated financial statements since their respective dates of
acquisition.
As of and for the Year Ended May 31,
(in millions, except per share amounts) 2007 2006 2005 2004 2003
Consolidated Statements of
Operations Data:
Total revenues $ 17,996 $ 14,380 $ 11,799 $ 10,156 $ 9,475
Operating income $ 5,974 $ 4,736 $ 4,022 $ 3,864 $ 3,440
Net income $ 4,274 $ 3,381 $ 2,886 $ 2,681 $ 2,307
Earnings per share—basic $ 0.83 $ 0.65 $ 0.56 $ 0.51 $ 0.44
Earnings per share—diluted $ 0.81 $ 0.64 $ 0.55 $ 0.50 $ 0.43
Basic weighted average common
shares outstanding 5,170 5,196 5,136 5,215 5,302
Diluted weighted average common
shares outstanding 5,269 5,287 5,231 5,326 5,418
Consolidated Balance Sheets Data:
Working capital $ 3,496 $ 5,044(1) $ 385(2) $ 7,064 $ 5,069
Total assets $ 34,572(3) $ 29,029(3) $ 20,687(3) $ 12,763 $ 10,967
Short-term borrowings and current
portion of long-term debt $ 1,358(4) $ 159 $ 2,693(4) $ 9 $ 153
Long-term debt, net of current
portion $ 6,235(1) $ 5,735(1) $ 159 $ 163 $ 175
Stockholders’ equity $ 16,919 $ 15,012 $ 10,837 $ 7,995 $ 6,320
(1) Total working capital increased as of May 31, 2006 primarily due to the issuance of $5.75 billion in
long-term senior notes and increased cash flows from operations. We redeemed $1.5 billion of this
long-term indebtedness and issued $2.0 billion of new long-term senior notes in fiscal 2007. See Note 5 of
Notes to Consolidated Financial Statements for additional information on our borrowings.
(2) Total working capital decreased as of May 31, 2005 primarily due to cash paid to acquire PeopleSoft and
an increase in our short-term borrowings.
(3) Total assets increased as of May 31, 2007, 2006 and 2005 primarily due to goodwill and intangible assets
arising from the acquisitions of Hyperion in fiscal 2007, Siebel in fiscal 2006 and PeopleSoft in fiscal
2005. See Note 2 of Notes to Consolidated Financial Statements for additional information on our
acquisitions.
(4) Short-term borrowings increased in fiscal 2007 due to amounts borrowed under our commercial paper
program. Short-term borrowings increased in fiscal 2005 due to amounts borrowed under our commercial
paper program and a loan facility borrowed by Oracle Technology Company, a wholly-owned subsidiary.
We repaid these 2005 borrowings in fiscal 2006.
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Source: ORACLE CORP, 10-K, June 29, 2007 Powered by Morningstar® Document Research℠