Oracle 2011 Annual Report Download - page 125
Download and view the complete annual report
Please find page 125 of the 2011 Oracle annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136
-
137
-
138
-
139
-
140
 |
 |
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2011
The provision for income taxes consisted of the following:
Year Ended May 31,
(Dollars in millions) 2011 2010 2009
Current provision:
Federal ...................................................... $ 1,817 $ 1,307 $ 1,341
State ........................................................ 263 299 361
Foreign ..................................................... 1,037 1,013 934
Total current provision ..................................... 3,117 2,619 2,636
Deferred provision (benefit):
Federal ...................................................... (179) (380) (177)
State ........................................................ 14 (76) (52)
Foreign ..................................................... (88) (55) (166)
Total deferred benefit ...................................... (253) (511) (395)
Total provision for income taxes ...................................... $ 2,864 $ 2,108 $ 2,241
Effective income tax rate ........................................... 25.1% 25.6% 28.6%
The provision for income taxes differed from the amount computed by applying the federal statutory rate to our
income before provision for income taxes as follows:
Year Ended May 31,
(in millions) 2011 2010 2009
Tax provision at statutory rate ........................................ $ 3,994 $ 2,885 $ 2,742
Foreign earnings at other than United States rates ........................ (1,125) (672) (673)
State tax expense, net of federal benefit ................................ 188 161 201
Settlements and releases from judicial decisions and statute expirations, net ... (53) (315) 25
Domestic production activity deduction ................................ (206) (95) (82)
Other, net ........................................................ 66 144 28
Total provision for income taxes .................................. $ 2,864 $ 2,108 $ 2,241
123