Oracle 2011 Annual Report Download - page 89

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ORACLE CORPORATION
CONSOLIDATED BALANCE SHEETS
As of May 31, 2011 and 2010
May 31,
(in millions, except per share data) 2011 2010
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 16,163 $ 9,914
Marketable securities ............................................... 12,685 8,555
Trade receivables, net of allowances for doubtful accounts of $372 and $305 as
of May 31, 2011 and 2010, respectively .............................. 6,628 5,585
Inventories ....................................................... 303 259
Deferred tax assets ................................................. 1,189 1,159
Prepaid expenses and other current assets ............................... 2,206 1,532
Total current assets ............................................ 39,174 27,004
Non-current assets:
Property, plant and equipment, net .................................... 2,857 2,763
Intangible assets, net ............................................... 7,860 9,321
Goodwill ........................................................ 21,553 20,425
Deferred tax assets ................................................. 1,076 1,267
Other assets ...................................................... 1,015 798
Total non-current assets ......................................... 34,361 34,574
Total assets .............................................. $ 73,535 $ 61,578
LIABILITIES AND EQUITY
Current liabilities:
Notes payable, current and other current borrowings ...................... $ 1,150 $ 3,145
Accounts payable .................................................. 701 775
Accrued compensation and related benefits ............................. 2,320 1,895
Deferred revenues ................................................. 6,802 5,900
Other current liabilities ............................................. 3,219 2,976
Total current liabilities .......................................... 14,192 14,691
Non-current liabilities:
Notes payable and other non-current borrowings ......................... 14,772 11,510
Income taxes payable ............................................... 3,169 2,695
Deferred tax liabilities .............................................. 59 424
Other non-current liabilities .......................................... 1,098 1,059
Total non-current liabilities ...................................... 19,098 15,688
Commitments and contingencies
Oracle Corporation stockholders’ equity:
Preferred stock, $0.01 par value—authorized: 1.0 shares; outstanding: none ... — —
Common stock, $0.01 par value and additional paid in capital—authorized:
11,000 shares; outstanding: 5,068 shares and 5,026 shares as of May 31, 2011
and 2010, respectively ............................................ 16,653 14,648
Retained earnings ................................................. 22,581 16,146
Accumulated other comprehensive income .............................. 542 4
Total Oracle Corporation stockholders’ equity ....................... 39,776 30,798
Noncontrolling interests ................................................ 469 401
Total equity .................................................. 40,245 31,199
Total liabilities and equity .................................. $ 73,535 $ 61,578
See notes to consolidated financial statements.
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