Oracle 2012 Annual Report Download - page 88

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ORACLE CORPORATION
CONSOLIDATED BALANCE SHEETS
As of May 31, 2012 and 2011
May 31,
(in millions, except per share data) 2012 2011
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 14,955 $ 16,163
Marketable securities ............................................... 15,721 12,685
Trade receivables, net of allowances for doubtful accounts of $323 and $372 as
of May 31, 2012 and 2011, respectively .............................. 6,377 6,628
Inventories ....................................................... 158 303
Deferred tax assets ................................................. 877 1,189
Prepaid expenses and other current assets ............................... 1,935 2,206
Total current assets ............................................ 40,023 39,174
Non-current assets:
Property, plant and equipment, net .................................... 3,021 2,857
Intangible assets, net ............................................... 7,899 7,860
Goodwill ........................................................ 25,119 21,553
Deferred tax assets ................................................. 595 1,076
Other assets ...................................................... 1,670 1,015
Total non-current assets ......................................... 38,304 34,361
Total assets .............................................. $ 78,327 $ 73,535
LIABILITIES AND EQUITY
Current liabilities:
Notes payable, current and other current borrowings ...................... $ 2,950 $ 1,150
Accounts payable .................................................. 438 494
Accrued compensation and related benefits ............................. 2,002 2,320
Deferred revenues ................................................. 7,035 6,802
Other current liabilities ............................................. 2,963 3,426
Total current liabilities .......................................... 15,388 14,192
Non-current liabilities:
Notes payable and other non-current borrowings ......................... 13,524 14,772
Income taxes payable ............................................... 3,759 3,169
Other non-current liabilities .......................................... 1,569 1,157
Total non-current liabilities ...................................... 18,852 19,098
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: 4,905 shares and 5,068 shares as of May 31, 2012
and 2011, respectively ............................................ 17,489 16,653
Retained earnings ................................................. 26,087 22,581
Accumulated other comprehensive income .............................. 112 542
Total Oracle Corporation stockholders’ equity ....................... 43,688 39,776
Noncontrolling interests ................................................ 399 469
Total equity .................................................. 44,087 40,245
Total liabilities and equity .................................. $ 78,327 $ 73,535
See notes to consolidated financial statements.
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