Oracle 2006 Annual Report Download - page 73

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Table of Contents
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2007, 2006 and 2005
Year Ended May 31,
(in millions, except per share data) 2007 2006 2005
Revenues:
New software licenses $ 5,882 $ 4,905 $ 4,091
Software license updates and product support 8,329 6,636 5,330
Software revenues 14,211 11,541 9,421
Services 3,785 2,839 2,378
Total revenues 17,996 14,380 11,799
Operating expenses:
Sales and marketing 3,907 3,177 2,511
Software license updates and product support 842 719 618
Cost of services 3,349 2,516 2,033
Research and development 2,195 1,872 1,491
General and administrative 692 555 550
Amortization of intangible assets 878 583 219
Acquisition related 140 137 208
Restructuring 19 85 147
Total operating expenses 12,022 9,644 7,777
Operating income 5,974 4,736 4,022
Interest expense (343) (169) (135)
Non-operating income, net:
Interest income 295 170 185
Net investment gains 22 25 2
Other 38 48 (23)
Total non-operating income, net 355 243 164
Income before provision for income taxes 5,986 4,810 4,051
Provision for income taxes 1,712 1,429 1,165
Net income $ 4,274 $ 3,381 $ 2,886
Earnings per share:
Basic $ 0.83 $ 0.65 $ 0.56
Diluted $ 0.81 $ 0.64 $ 0.55
Weighted average common shares outstanding:
Basic 5,170 5,196 5,136
Diluted 5,269 5,287 5,231
See notes to consolidated financial statements.
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Source: ORACLE CORP, 10-K, June 29, 2007 Powered by Morningstar® Document Research℠