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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2015
matters, income and non-income based taxes and residual goodwill. We expect to continue to obtain information to assist us in determining the
fair values of the net assets acquired during the measurement period. The following table summarizes the estimated preliminary fair values of net
assets acquired from MICROS:
We do not expect the goodwill recognized as a part of the MICROS acquisition to be deductible for income tax purposes.
Other Fiscal 2015 Acquisitions
During fiscal 2015, we acquired certain other companies and purchased certain technology and development assets primarily to expand our
products and services offerings. These acquisitions were not individually significant. We have included the financial results of the acquired
companies in our consolidated financial statements 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 preliminary purchase price for these acquisitions was
approximately $1.7 billion, which consisted of approximately $1.7 billion in cash and $7 million for the fair values of stock options and
restricted stock-based awards assumed. We have preliminarily recorded $14 million of net tangible assets and $388 million of identifiable
intangible assets, based on their estimated fair values, and $1.3 billion of residual goodwill.
The initial purchase price calculation and related accounting for our acquisitions completed during fiscal 2015 is preliminary. The preliminary
fair value estimates for the assets acquired and liabilities assumed for our acquisitions completed during fiscal 2015 were based upon preliminary
calculations and valuations and our estimates and assumptions for these acquisitions are subject to change as we obtain additional information
during the respective measurement periods (up to one year from the respective acquisition dates). The primary areas of those preliminary
estimates that are not yet finalized relate to certain tangible assets and liabilities acquired, identifiable intangible assets, certain legal matters and
income and non-income based taxes.
Fiscal 2014 Acquisitions
Acquisition of Responsys, Inc.
On February 6, 2014, we completed our acquisition of Responsys, Inc. (Responsys), a provider of enterprise-scale cloud-based business-to-
consumer marketing software. We have included the financial results of Responsys in our consolidated financial statements from the date of
acquisition. The total purchase price for Responsys was approximately $1.6 billion, which consisted of approximately $1.4 billion in cash and
$147 million for the fair values of stock options and restricted stock-based awards assumed. We recorded $32 million of net tangible liabilities,
related primarily to deferred tax liabilities, $580 million of identifiable intangible assets, and $14 million of in-process research and
development, based on their estimated fair values, and $1.0 billion of residual goodwill.
105
(in millions)
Cash and cash equivalents
$
675
Trade receivables, net
183
Inventories
44
Goodwill
3,277
Intangible assets
2,030
Other assets
149
Accounts payable and other liabilities
(348
)
Deferred tax liabilities, net
(633
)
Deferred revenues
(130
)
Total
$
5,247