Oracle (ORCL) FY2013 results: revenue $37.2 billion, up 0.2% on the year
Oracle Corp. (ORCL) reported revenue of $37.2 billion for fiscal 2013, the year ended 31 May 2013, up 0.2% on the year before. Net income was $10.9 billion, up 9.5%, and diluted earnings per share $2.26. The figures are the company's own, from the 10-K it filed with the SEC on 26 June 2013.
Revenue
$37.2 billion
+0.2% on the year
FY2008FY2013
Operating margin
39.5%
36.9% a year earlier
FY2008FY2013
Net income
$10.9 billion
+9.5% on the year
FY2008FY2013
Diluted EPS
$2.26
+15.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
37,180
37,121
35,622
+0.2%
Cost of revenue
3,182
3,382
2,057
-5.9%
Gross profit
33,998
33,739
33,565
+0.8%
Gross margin
91.4%
90.9%
94.2%
Research and development
4,850
4,523
4,519
+7.2%
Operating income
14,684
13,706
12,033
+7.1%
Operating margin
39.5%
36.9%
33.8%
Interest expense
797
766
808
+4.0%
Pre-tax income
13,898
12,962
11,411
+7.2%
Income tax
2,973
2,981
2,864
-0.3%
Effective tax rate
21.4%
23.0%
25.1%
Net income
10,925
9,981
8,547
+9.5%
Net margin
29.4%
26.9%
24.0%
Diluted EPS
$2.26
$1.96
$1.67
+15.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
14,224
13,743
11,214
+3.5%
Capital expenditure
650
648
450
+0.3%
Free cash flow
13,574
13,095
10,764
+3.7%
Free cash flow margin
36.5%
35.3%
30.2%
Cash from investing
-5,956
-8,381
-6,081
Cash from financing
-8,500
-6,099
516
Depreciation and amortisation
2,931
2,916
2,796
+0.5%
Share-based compensation
755
659
510
+14.6%
Buybacks
11,021
5,856
1,160
+88.2%
Dividends paid
1,433
1,205
1,061
+18.9%
Dividend per share
$0.30
$0.24
$0.21
+25.0%
Diluted shares, weighted
4,844m
5,095m
5,128m
-4.9%
Shares outstanding at period end
4,646m
4,905m
5,068m
-5.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
44,648
43,688
39,776
+2.2%
Non-controlling interest
497
399
469
+24.6%
Debt
18,494
16,474
15,922
+12.3%
Other liabilities
18,173
17,766
17,368
+2.3%
Total liabilities and equity
81,812
78,327
73,535
+4.4%
Fixed assets
3,053
3,021
2,857
+1.1%
Goodwill
27,343
25,119
21,553
+8.9%
Intangible assets
6,640
7,899
7,860
-15.9%
Investments
17,603
15,721
12,685
+12.0%
Cash and equivalents
14,613
14,955
16,163
-2.3%
Receivables
6,049
6,377
6,628
-5.1%
Inventory
240
158
303
+51.9%
Other assets
6,271
5,077
5,486
+23.5%
Total assets
81,812
78,327
73,535
+4.4%
10-K for the year ended 31 May 2013, filed 26 June 2013: the filing.