Oracle (ORCL) FY2012 results: revenue $37.1 billion, up 4.2% on the year
Oracle Corp. (ORCL) reported revenue of $37.1 billion for fiscal 2012, the year ended 31 May 2012, up 4.2% on the year before. Net income was $10.0 billion, up 16.8%, and diluted earnings per share $1.96. The figures are the company's own, from the 10-K it filed with the SEC on 26 June 2012.
Revenue
$37.1 billion
+4.2% on the year
FY2008FY2012
Operating margin
36.9%
33.8% a year earlier
FY2008FY2012
Net income
$10.0 billion
+16.8% on the year
FY2008FY2012
Diluted EPS
$1.96
+17.4% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
37,121
35,622
26,820
+4.2%
Cost of revenue
3,382
2,057
880
+64.4%
Gross profit
33,739
33,565
25,940
+0.5%
Gross margin
90.9%
94.2%
96.7%
Research and development
4,523
4,519
3,254
+0.1%
Operating income
13,706
12,033
9,062
+13.9%
Operating margin
36.9%
33.8%
33.8%
Interest expense
766
808
754
-5.2%
Pre-tax income
12,962
11,411
n/a
+13.6%
Income tax
2,981
2,864
2,108
+4.1%
Effective tax rate
23.0%
25.1%
n/a
Net income
9,981
8,547
6,135
+16.8%
Net margin
26.9%
24.0%
22.9%
Diluted EPS
$1.96
$1.67
$1.21
+17.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
13,743
11,214
8,681
+22.6%
Capital expenditure
648
450
230
+44.0%
Free cash flow
13,095
10,764
8,451
+21.7%
Free cash flow margin
35.3%
30.2%
31.5%
Cash from investing
-8,381
-6,081
-10,319
Cash from financing
-6,099
516
2,664
Depreciation and amortisation
2,916
2,796
2,271
+4.3%
Share-based compensation
659
510
436
+29.2%
Buybacks
5,856
1,160
992
+404.8%
Dividends paid
1,205
1,061
1,004
+13.6%
Dividend per share
$0.24
$0.21
$0.20
+14.3%
Diluted shares, weighted
5,095m
5,128m
5,073m
-0.6%
Shares outstanding at period end
4,905m
5,068m
5,026m
-3.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
43,688
39,776
30,798
+9.8%
Non-controlling interest
399
469
401
-14.9%
Debt
16,474
15,922
11,510
+3.5%
Other liabilities
17,766
17,368
18,869
+2.3%
Total liabilities and equity
78,327
73,535
61,578
+6.5%
Fixed assets
3,021
2,857
2,763
+5.7%
Goodwill
25,119
21,553
20,425
+16.5%
Intangible assets
7,899
7,860
9,321
+0.5%
Investments
15,721
12,685
8,555
+23.9%
Cash and equivalents
14,955
16,163
9,914
-7.5%
Receivables
6,377
6,628
5,585
-3.8%
Inventory
158
303
259
-47.9%
Other assets
5,077
5,486
4,756
-7.5%
Total assets
78,327
73,535
61,578
+6.5%
10-K for the year ended 31 May 2012, filed 26 June 2012: the filing.