Oracle 2010 Annual Report Download - page 194

STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY
(USD $)
12 Months Ended
05/31/2011
STOCKHOLDERS' EQUITY 13. STOCKHOLDERS’ EQUITY
Stock Repurchases
Our Board of Directors has approved a program for us to repurchase shares of our common stock. On October 20, 2008, we
announced that our Board of Directors approved the expansion of our repurchase program by $8.0 billion and as of May 31,
2011, approximately $4.1 billion was available for share repurchases pursuant to our stock repurchase program. We repurchased
40.4 million shares for $1.2 billion (including 0.7 million shares for $24 million that were repurchased but not settled),
43.3 million shares for $1.0 billion and 225.6 million shares for $4.0 billion in fiscal 2011, 2010 and 2009, respectively, under
the applicable repurchase programs.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on
factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment
obligations or repurchase of our debt, our stock price, and economic and market conditions. Our stock repurchases may be
effected from time to time through open market purchases or pursuant to a Rule 10b5-1 plan. Our stock repurchase program may
be accelerated, suspended, delayed or discontinued at any time.
Dividends on Common Stock
During fiscal 2011, our Board of Directors declared cash dividends of $0.21 per share of our outstanding common stock, which
we paid during the same period.
In June 2011, our Board of Directors declared a quarterly cash dividend of $0.06 per share of outstanding common stock payable
on August 3, 2011 to stockholders of record as of the close of business on July 13, 2011. Future declarations of dividends and the
establishment of future record and payment dates are subject to the final determination of our Board of Directors.
Accumulated Other Comprehensive Income
The following table summarizes, as of each balance sheet date, the components of our accumulated other comprehensive income,
net of income taxes:
May 31,
(in millions) 2011 2010
Foreign currency translation gains, net $ 649 $ 169
Unrealized losses on derivative financial instruments, net (131 ) (131 )
Unrealized gains on marketable securities, net 30 4
Unrealized losses on defined benefit plans, net (6 ) (38 )
Total accumulated other comprehensive income $ 542 $ 4
Source: ORACLE CORP, 10-K, June 28, 2011 Powered by Morningstar® Document Research℠