Oracle 2007 Annual Report Download - page 121
Download and view the complete annual report
Please find page 121 of the 2007 Oracle annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132
-
133
-
134
-
135
-
136
 |
 |
Exhibit 12.01
ORACLE CORPORATION
Consolidated Ratio of Earnings to Fixed Charges
Year Ended May 31,
(Unaudited)
(Dollars in millions) 2008 2007 2006 2005 2004
Earnings(1)
Income before provision for income
taxes $ 7,834 $ 5,986 $ 4,810 $ 4,051 $ 3,945
Add: Minority interests 60 71 41 42 37
Add: Fixed charges 454 380 205 173 59
Less: Equity in earnings — — (14) — —
Total earnings $ 8,348 $ 6,437 $ 5,042 $ 4,266 $ 4,041
Fixed Charges(2)
Interest expense $ 394 $ 343 $ 169 $ 139 $ 21
Estimate of interest in rent expense 60 37 36 34 38
Total fixed charges $ 454 $ 380 $ 205 $ 173 $ 59
Ratio of earnings to fixed charges 18x 17x 25x 25x 68x
(1) The term “earnings” means the amounts resulting from the following: (a) our income before provision for income taxes, plus
(b) the minority interests in the income before provision for income taxes of our majority owned subsidiaries, plus (c) our fixed
charges, less (d) our share of our equity investee’s income before provision for income taxes.
(2) The term “fixed charges” means the amounts resulting from the following: (a) our interest expensed, plus (b) our interest
capitalized, plus (c) our estimate of the interest component of rent expense.
We do not report any shares of preferred stock outstanding in our consolidated financial statements because our outstanding preferred
stock is owned by one or more of our wholly-owned subsidiaries. Consequently, our ratio of earnings to combined fixed charges and
preferred dividends for any given period is equivalent to our ratio of earnings to fixed charges.
Source: ORACLE CORP, 10-K, July 02, 2008 Powered by Morningstar® Document Research℠