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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2014
from their respective acquisition dates and the results from each of these companies were not individually material to our consolidated financial
statements. In the aggregate, the total purchase price for these acquisitions was approximately $1.6 billion, which consisted of approximately
$1.6 billion in cash and $5 million for the fair value of stock options assumed. We recorded $540 million of identifiable intangible assets and
$29 million of net tangible assets, based on their estimated fair values, and $1.1 billion of residual goodwill.
Unaudited Pro Forma Financial Information
The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle, Responsys, Acme
Packet, Eloqua and certain other companies that we acquired since the beginning of fiscal 2013 (which were considered significant for the
purposes of unaudited pro forma financial information disclosure) as though the companies were combined as of the beginning of fiscal 2013.
The pro forma financial information for all periods presented also included the business combination accounting effects resulting from these
acquisitions including our amortization charges from acquired intangible assets (certain of which were preliminary), stock-based compensation
charges for unvested stock options and restricted stock-based awards assumed, if any, and the related tax effects as though the aforementioned
companies were combined as of the beginning of fiscal 2013. The pro forma financial information as presented below is for informational
purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at the beginning
of fiscal 2013.
The unaudited pro forma financial information for fiscal 2014 combined the historical results of Oracle for fiscal 2014, the historical results of
Responsys for the nine months ended September 30, 2013 (adjusted due to differences in reporting periods and considering the date we acquired
Responsys), the historical results of certain other companies that we acquired since the beginning of fiscal 2014 based upon their respective
previous reporting periods and the dates these companies were acquired by us, and the effects of the pro forma adjustments listed above.
The unaudited pro forma financial information for fiscal 2013 combined the historical results of Oracle for fiscal 2013, the historical results of
Responsys for the twelve months ended June 30, 2013 (due to differences in reporting periods), the historical results of Acme Packet for the year
ended December 31, 2012 (adjusted due to differences in reporting periods and considering the date we acquired Acme Packet), the historical
results of Eloqua for the nine months ended September 30, 2012 (adjusted due to differences in reporting periods and considering the date we
acquired Eloqua), the historical results of certain other companies that we acquired since the beginning of fiscal 2013 based upon their respective
previous reporting periods and the dates these companies were acquired by us, and the effects of the pro forma adjustments listed above. The
unaudited pro forma financial information was as follows for fiscal 2014 and 2013:
Cash and cash equivalents primarily consist of deposits held at major banks, Tier-1 commercial paper and other securities with original
maturities of 90 days or less. Marketable securities primarily consist of time deposits held at major banks, Tier-1 commercial paper, corporate
notes and certain other securities.
The amortized principal amounts of our cash, cash equivalents and marketable securities approximated their fair values at May 31, 2014 and
2013. We use the specific identification method to determine any realized gains or
105
Year Ended May 31,
(in millions, except per share data)
2014
2013
Total revenues
$
38,486
$
38,258
Net income
$
10,826
$
10,676
Basic earnings per share
$
2.39
$
2.24
Diluted earnings per share
$
2.35
$
2.20
3. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES