Oracle 2006 Annual Report Download - page 71
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Table of Contents
ORACLE CORPORATION
CONSOLIDATED BALANCE SHEETS
As of May 31, 2007 and 2006
May 31,
(in millions, except per share data) 2007 2006
ASSETS
Current assets:
Cash and cash equivalents $ 6,218 $ 6,659
Marketable securities 802 946
Trade receivables, net of allowances of $306 and $325 as of May 31, 2007
and 2006 4,074 3,022
Other receivables 515 398
Deferred tax assets 968 714
Prepaid expenses and other current assets 306 235
Total current assets 12,883 11,974
Non-current assets:
Property, net 1,603 1,391
Intangible assets: software support agreements and related relationships,
net 3,002 2,620
Intangible assets: other, net 2,962 1,908
Goodwill 13,479 9,809
Other assets 643 1,327
Total non-current assets 21,689 17,055
Total assets $ 34,572 $ 29,029
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt $ 1,358 $ 159
Accounts payable 315 268
Income taxes payable 1,237 810
Accrued compensation and related benefits 1,349 1,172
Accrued restructuring 201 412
Deferred revenues 3,492 2,830
Other current liabilities 1,435 1,279
Total current liabilities 9,387 6,930
Non-current liabilities:
Notes payable and long-term debt, net of current portion 6,235 5,735
Deferred tax liabilities 1,121 564
Accrued restructuring 258 273
Deferred revenues 93 114
Other long-term liabilities 559 401
Total non-current liabilities 8,266 7,087
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: 5,107 shares and 5,232 shares as of May 31,
2007 and 2006 10,293 9,246
Retained earnings 6,223 5,538
Deferred compensation — (30)
Accumulated other comprehensive income 403 258
Total stockholders’ equity 16,919 15,012
Total liabilities and stockholders’ equity $ 34,572 $ 29,029
See notes to consolidated financial statements.
67
Source: ORACLE CORP, 10-K, June 29, 2007 Powered by Morningstar® Document Research℠