Oracle 2013 Annual Report Download - page 144

Download and view the complete annual report

Please find page 144 of the 2013 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.

Page out of 151

  • 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
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151

Exhibit 12.01
ORACLE CORPORATION
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
We do not report any shares of preferred stock outstanding in our consolidated financial statements because our outstanding preferred stock is
owned by one or more of our wholly-owned subsidiaries. Our ratio of earnings to combined fixed charges and preferred dividends for any given
period is equivalent to our ratio of earnings to fixed charges.
Year Ended May 31,
(Dollars in millions)
2014
2013
2012
2011
2010
Earnings
(1)
Income before provision for income taxes
$
13,704
$
13,898
$
12,962
$
11,411
$
8,243
Add: Noncontrolling interests
98
112
119
97
95
Add: Fixed charges
968
850
827
875
808
Total earnings
$
14,770
$
14,860
$
13,908
$
12,383
$
9,146
Fixed Charges
(2)
Interest expense
$
914
$
797
$
766
$
808
$
754
Estimate of interest in rent expense
54
53
61
67
54
Total fixed charges
$
968
$
850
$
827
$
875
$
808
Ratio of earnings to fixed charges
15x
17x
17x
14x
11x
(1)
The term “earnings” means the amounts resulting from the following: (a) our income before provision for income taxes, plus (b) the
noncontrolling interests in the net income of our majority owned subsidiaries, plus (c) our fixed charges.
(2)
The term “fixed charges” means the amounts resulting from the following: (a) our interest expensed, plus (b) our estimate of the interest
component of rent expense.