Oracle 2010 Annual Report Download - page 176

Unaudited Pro Forma Financial Information
The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle, Sun, Phase
Forward, ATG and certain other companies that we acquired since the beginning of fiscal 2010 (which were collectively significant for the
purposes of unaudited pro forma financial information disclosure) as though the companies were combined as of the beginning of fiscal
2010. The pro forma financial information for all periods presented also includes the business combination accounting effects resulting from
these acquisitions including our amortization charges from acquired intangible assets (certain of which are preliminary), the elimination of
certain goodwill and intangible asset impairment charges incurred by Sun, stock-based compensation charges for unvested stock options and
restricted stock-based awards assumed, adjustments to interest expense for certain borrowings and the related tax effects as though the
aforementioned companies were combined as of the beginning of fiscal 2010. 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 2010.
The unaudited pro forma financial information for fiscal 2011 combined the historical results of Oracle for fiscal 2011, the historical results
of ATG for the seven months ended September 30, 2010 (adjusted due to differences in reporting periods and considering the date we
acquired ATG), the historical results of Phase Forward for the two months ended June 30, 2010 (adjusted due to differences in reporting
periods and considering the date we acquired Phase Forward), and the effects of the pro forma adjustments described above.
The unaudited pro forma financial information for fiscal 2010 combined the historical results of Oracle for fiscal 2010, the historical results
of ATG for the twelve months ended June 30, 2010 (due to differences in reporting periods), the historical results of Phase Forward for the
twelve months ended June 30, 2010 (due to differences in reporting periods), the historical results of Sun for the eight months ended
September 27, 2009 (adjusted due to differences in reporting periods and considering the date we acquired Sun) and the historical results of
certain other companies that we acquired since the beginning of fiscal 2010 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 2011 and 2010:
Year Ended May 31,
(in millions, except per share data) 2011 2010
Total revenues $ 35,783 $ 33,965
Net income $ 8,525 $ 5,591
Basic earnings per share $ 1.69 $ 1.12
Diluted earnings per share $ 1.66 $ 1.10
Source: ORACLE CORP, 10-K, June 28, 2011 Powered by Morningstar® Document Research℠