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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2009
values, we recorded $561 million of goodwill, $573 million of identifiable intangible assets, $106 million of
net tangible assets and $49 million of in-process research and development.
Unaudited Pro Forma Financial Information
The unaudited pro forma financial information in the table below summarizes the combined results of
operations for Oracle, BEA and certain other companies that we acquired since the beginning of fiscal 2008
(which were collectively significant for purposes of unaudited pro forma financial information disclosure) as
though the companies were combined as of the beginning of fiscal 2008. The pro forma financial information
for all periods presented also includes the business combination accounting effects resulting from these
acquisitions including amortization charges from acquired intangible assets, stock-based compensation
charges for unvested stock awards assumed, adjustments to interest expense for borrowings and the related
tax effects as though the aforementioned companies were combined as of the beginning of fiscal 2008. The
pro forma financial information as presented below is for informational purposes only and is not indicative of
the results of operations that would have been achieved if the acquisitions and any borrowings undertaken to
finance these acquisitions had taken place at the beginning of fiscal 2008.
The unaudited pro forma financial information for fiscal 2009 combined the historical results of Oracle and
certain other companies that we acquired since the beginning of fiscal 2009 (which were collectively
significant for purposes of unaudited pro forma financial information disclosure) based upon their respective
previous reporting periods and the dates that these companies were acquired by us, and the effects of the pro
forma adjustments listed above.
The unaudited pro forma financial information for fiscal 2008 combined the historical results of Oracle for
fiscal 2008 and the historical results of BEA for the eleven months ended April 29, 2008, and the historical
results of certain other companies that we acquired since the beginning of fiscal 2008 (which were
collectively significant for purposes of unaudited pro forma financial information disclosure) based upon their
respective previous reporting periods and the dates these companies were acquired by us, and the effects of
the pro forma adjustments listed above. The unaudited pro forma financial information was as follows for
fiscal 2009 and 2008:
Year Ended May 31,
(in millions, except per share data) 2009 2008
Total revenues $ 23,371 $ 24,185
Net income $ 5,574 $ 5,160
Basic earnings per share $ 1.10 $ 1.01
Diluted earnings per share $ 1.09 $ 0.98
3. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
Cash and cash equivalents primarily consist of deposits held at major banks, money market funds, Tier-1
commercial paper, U.S. Treasury obligations, U.S. government agency and government sponsored enterprise
obligations, and other securities with original maturities of 90 days or less. Marketable securities primarily
consist of time deposits held at major banks, Tier-1 commercial paper, corporate notes, U.S. Treasury
obligations and U.S. government agency and government sponsored enterprise debt obligations.
The amortized principal amounts of our cash, cash equivalents and marketable securities approximated their
fair values at May 31, 2009 and 2008. We use the specific identification method to determine any realized
gains or losses from the sale of our marketable securities classified as available-for-sale. Such realized gains
and losses were
90
Source: ORACLE CORP, 10-K, June 29, 2009 Powered by Morningstar® Document Research℠