Oracle 2009 Annual Report Download - page 113

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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2010
6. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net consisted of the following:
Estimated
Useful Lives
May 31,
(Dollars in millions) 2010 2009
Computer, network, machinery and equipment 1-5 years $ 1,400 $ 1,213
Buildings and improvements 1-50 years 1,995 1,579
Furniture and fixtures 3-10 years 406 388
Land 757 515
Automobiles 5 years 3 5
Construction in progress 87 126
Total property, plant and equipment 1-50 years 4,648 3,826
Accumulated depreciation (1,885) (1,904)
Total property, plant and equipment, net $ 2,763 $ 1,922
7. INTANGIBLE ASSETS AND GOODWILL
The changes in intangible assets for fiscal 2010 and the net book value of intangible assets at May 31, 2010 and 2009 were as follows:
(Dollars in millions)
Intangible Assets, Gross Accumulated Amortization Intangible Assets, Net Weighted
Average
Useful Life
May 31,
2009 Additions
May 31,
2010
May 31,
2009 Expense
May 31,
2010
May 31,
2009
May 31,
2010
Software support agreements
and related relationships $ 5,012 $ 66 $ 5,078 $ (1,601) $ (574) $ (2,175) $ 3,411 $ 2,903 9 years
Hardware systems support
agreements and related
relationships 759 759 (29) (29) 730 7 years
Developed technology 3,844 1,494 5,338 (1,925) (811) (2,736) 1,919 2,602 5 years
Core technology 1,502 609 2,111 (687) (277) (964) 815 1,147 5 years
Customer relationships 1,284 481 1,765 (320) (234) (554) 964 1,211 7 years
Trademarks 273 231 504 (113) (48) (161) 160 343 7 years
Total intangible assets
subject to amortization 11,915 3,640 15,555 (4,646) (1,973) (6,619) 7,269 8,936
In-process research and
development 385 385 385 N.A.
Total $ 11,915 $ 4,025 $ 15,940 $ (4,646) $ (1,973) $ (6,619) $ 7,269 $ 9,321
Total amortization expense related to our intangible assets was $2.0 billion, $1.7 billion and $1.2 billion in fiscal 2010, 2009 and 2008, respectively. As of
May 31, 2010, estimated future amortization expense related to our intangible assets subject to amortization was $2.3 billion in fiscal 2011, $2.0 billion in fiscal
2012, $1.6 billion in fiscal 2013, $1.4 billion in fiscal 2014, $1.0 billion in fiscal 2015 and $638 million thereafter.
109
Source: ORACLE CORP, 10-K, July 01, 2010 Powered by Morningstar® Document Research