Oracle 2012 Annual Report Download - page 41

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Item 6. Selected Financial Data
The following table sets forth selected financial data as of and for the last five fiscal years. This selected financial
data should be read in conjunction with the consolidated financial statements and related notes included in
Item 15 of this Annual Report. Over the last five fiscal years, we have acquired a number of companies including
Sun Microsystems, Inc. in fiscal 2010 and BEA Systems, Inc. in fiscal 2008, among others. The results of our
acquired companies have been included in our consolidated financial statements since their respective dates of
acquisition and have contributed to our growth in revenues, income, earnings per share and total assets.
As of and for the Year Ended May 31,
(in millions, except per share amounts) 2012 2011 2010 2009 2008
Consolidated Statements of Operations Data:
Total revenues .................................. $ 37,121 $ 35,622 $ 26,820 $ 23,252 $ 22,430
Operating income ................................ $ 13,706 $ 12,033 $ 9,062 $ 8,321 $ 7,844
Net income ..................................... $ 9,981 $ 8,547 $ 6,135 $ 5,593 $ 5,521
Earnings per share—basic ......................... $ 1.99 $ 1.69 $ 1.22 $ 1.10 $ 1.08
Earnings per share—diluted ........................ $ 1.96 $ 1.67 $ 1.21 $ 1.09 $ 1.06
Basic weighted average common shares outstanding .... 5,015 5,048 5,014 5,070 5,133
Diluted weighted average common shares outstanding . . . 5,095 5,128 5,073 5,130 5,229
Cash dividends declared per common share ........... $ 0.24 $ 0.21 $ 0.20 $ 0.05 $ —
Consolidated Balance Sheets Data:
Working capital(1) ................................ $ 24,635 $ 24,982 $ 12,313 $ 9,432 $ 8,074
Total assets ..................................... $ 78,327 $ 73,535 $ 61,578 $ 47,416 $ 47,268
Notes payable and other borrowings(2) ................ $ 16,474 $ 15,922 $ 14,655 $ 10,238 $ 11,236
(1) Total working capital sequentially increased in most periods primarily due to the favorable impact to our net current assets resulting from
our net income generated during these periods and the issuances of $3.25 billion and $4.5 billion of long-term senior notes in fiscal 2011
and fiscal 2010, respectively. These increases were partially offset by cash used for acquisitions and repurchases of common stock in all
periods presented and repayments of certain of our senior notes in fiscal 2011, 2010 and 2009 and dividend payments made in fiscal
2012, 2011, 2010 and 2009.
(2) Our notes payable and other borrowings, which represented the summation of our notes payable, current and other current borrowings
and notes payable and other non-current borrowings as reported per our consolidated balance sheets as of the dates listed in the table
above, generally increased between fiscal 2008 and 2012 due to the issuances of $1.7 billion and $1.15 billion of short-term borrowings
made pursuant to our revolving credit agreements in fiscal 2012 and 2011, respectively, $3.25 billion of long-term senior notes in fiscal
2011 and $4.5 billion of long-term senior notes in fiscal 2010. See Note 8 of Notes to Consolidated Financial Statements, included
elsewhere in this Annual Report, for additional information regarding our notes payable and other borrowings.
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