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Table of Contents
ORACLE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended May 31, 2014, 2013 and 2012
See notes to consolidated financial statements.
85
Year Ended May 31,
(in millions, except per share data)
2014
2013
2012
Revenues:
New software licenses
$
9,416
$
9,411
$
9,451
Cloud software
-
as
-
a
-
service and platform
-
as
-
a
-
service
1,121
910
455
Cloud infrastructure
-
as
-
a
-
service
456
457
444
Software license updates and product support
18,206
17,142
16,210
Software and cloud revenues
29,199
27,920
26,560
Hardware systems products
2,976
3,033
3,827
Hardware systems support
2,396
2,313
2,475
Hardware systems revenues
5,372
5,346
6,302
Services revenues
3,704
3,914
4,259
Total revenues
38,275
37,180
37,121
Operating expenses:
Sales and marketing
7,567
7,062
6,990
Cloud software
-
as
-
a
-
service and platform
-
as
-
a
-
service
455
327
209
Cloud infrastructure
-
as
-
a
-
service
308
304
289
Software license updates and product support
1,162
1,175
1,226
Hardware systems products
1,521
1,501
1,843
Hardware systems support
836
890
1,046
Services
2,954
3,182
3,382
Research and development
5,151
4,850
4,523
General and administrative
1,038
1,072
1,126
Amortization of intangible assets
2,300
2,385
2,430
Acquisition related and other
41
(604
)
56
Restructuring
183
352
295
Total operating expenses
23,516
22,496
23,415
Operating income
14,759
14,684
13,706
Interest expense
(914
)
(797
)
(766
)
Non
-
operating (expense) income, net
(141
)
11
22
Income before provision for income taxes
13,704
13,898
12,962
Provision for income taxes
2,749
2,973
2,981
Net income
$
10,955
$
10,925
$
9,981
Earnings per share:
Basic
$
2.42
$
2.29
$
1.99
Diluted
$
2.38
$
2.26
$
1.96
Weighted average common shares outstanding:
Basic
4,528
4,769
5,015
Diluted
4,604
4,844
5,095
Dividends declared per common share
$
0.48
$
0.30
$
0.24
Exclusive of amortization of intangible assets, which is shown separately.
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