Oracle 2009 Annual Report Download - page 92

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Table of Contents
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2010, 2009 and 2008
Year Ended May 31,
(in millions, except per share data) 2010 2009 2008
Revenues:
New software licenses $ 7,533 $ 7,123 $ 7,515
Software license updates and product support 13,092 11,754 10,328
Software revenues 20,625 18,877 17,843
Hardware systems products 1,506 — —
Hardware systems support 784 — —
Hardware systems revenues 2,290 — —
Services 3,905 4,375 4,587
Total revenues 26,820 23,252 22,430
Operating expenses:
Sales and marketing 5,080 4,638 4,679
Software license updates and product support 1,063 1,088 997
Hardware systems products 880 — —
Hardware systems support 423 — —
Services 3,398 3,706 3,984
Research and development 3,254 2,767 2,741
General and administrative 911 785 808
Amortization of intangible assets 1,973 1,713 1,212
Acquisition related and other 154 117 124
Restructuring 622 117 41
Total operating expenses 17,758 14,931 14,586
Operating income 9,062 8,321 7,844
Interest expense (754) (630) (394)
Non-operating income (expense), net (65) 143 384
Income before provision for income taxes 8,243 7,834 7,834
Provision for income taxes 2,108 2,241 2,313
Net income $ 6,135 $ 5,593 $ 5,521
Earnings per share:
Basic $ 1.22 $ 1.10 $ 1.08
Diluted $ 1.21 $ 1.09 $ 1.06
Weighted average common shares outstanding:
Basic 5,014 5,070 5,133
Diluted 5,073 5,130 5,229
Dividends declared per common share $ 0.20 $ 0.05 $ —
See notes to consolidated financial statements.
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Source: ORACLE CORP, 10-K, July 01, 2010 Powered by Morningstar® Document Research℠