Oracle 2007 Annual Report Download - page 73

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Table of Contents
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2008, 2007 and 2006
Year Ended May 31,
(in millions, except per share data) 2008 2007 2006
Revenues:
New software licenses $ 7,515 $ 5,882 $ 4,905
Software license updates and product support 10,328 8,329 6,636
Software revenues 17,843 14,211 11,541
Services 4,587 3,785 2,839
Total revenues 22,430 17,996 14,380
Operating expenses:
Sales and marketing 4,679 3,907 3,177
Software license updates and product support 997 842 719
Cost of services 3,984 3,349 2,516
Research and development 2,741 2,195 1,872
General and administrative 808 692 555
Amortization of intangible assets 1,212 878 583
Acquisition related and other 124 140 137
Restructuring 41 19 85
Total operating expenses 14,586 12,022 9,644
Operating income 7,844 5,974 4,736
Interest expense (394) (343) (169)
Non-operating income, net 384 355 243
Income before provision for income taxes 7,834 5,986 4,810
Provision for income taxes 2,313 1,712 1,429
Net income $ 5,521 $ 4,274 $ 3,381
Earnings per share:
Basic $ 1.08 $ 0.83 $ 0.65
Diluted $ 1.06 $ 0.81 $ 0.64
Weighted average common shares outstanding:
Basic 5,133 5,170 5,196
Diluted 5,229 5,269 5,287
See notes to consolidated financial statements.
68
Source: ORACLE CORP, 10-K, July 02, 2008 Powered by Morningstar® Document Research℠