Oracle (ORCL) FY2016 results: revenue $37.0 billion, down 3.1% on the year
Oracle Corp. (ORCL) reported revenue of $37.0 billion for fiscal 2016, the year ended 31 May 2016, down 3.1% on the year before. Net income was $8.9 billion, down 10.4%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 22 June 2016.
Revenue
$37.0 billion
-3.1% on the year
FY2009FY2016
Operating margin
34.0%
36.3% a year earlier
FY2009FY2016
Net income
$8.9 billion
-10.4% on the year
FY2009FY2016
Diluted EPS
$2.07
-6.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
37,047
38,226
38,275
-3.1%
Cost of revenue
2,751
2,929
2,954
-6.1%
Gross profit
22,410
23,709
35,321
-5.5%
Gross margin
60.5%
62.0%
92.3%
Research and development
5,787
5,524
5,151
+4.8%
Operating income
12,604
13,871
14,759
-9.1%
Operating margin
34.0%
36.3%
38.6%
Interest expense
1,467
1,143
914
+28.3%
Pre-tax income
11,442
12,834
13,704
-10.8%
Income tax
2,541
2,896
2,749
-12.3%
Effective tax rate
22.2%
22.6%
20.1%
Net income
8,901
9,938
10,955
-10.4%
Net margin
24.0%
26.0%
28.6%
Diluted EPS
$2.07
$2.21
$2.38
-6.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
13,685
14,580
14,921
-6.1%
Capital expenditure
1,189
1,391
580
-14.5%
Free cash flow
12,496
13,189
14,341
-5.3%
Free cash flow margin
33.7%
34.5%
37.5%
Cash from investing
-5,154
n/a
n/a
Cash from financing
-9,980
n/a
n/a
Depreciation and amortisation
2,509
2,861
2,908
-12.3%
Share-based compensation
1,037
933
805
+11.1%
Buybacks
10,440
8,087
9,813
+29.1%
Dividends paid
2,541
2,255
2,178
+12.7%
Dividend per share
$0.60
$0.51
$0.48
+17.6%
Diluted shares, weighted
4,305m
4,503m
4,604m
-4.4%
Shares outstanding at period end
4,131m
4,343m
4,464m
-4.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
47,289
48,663
46,878
-2.8%
Non-controlling interest
501
435
569
+15.2%
Debt
43,855
41,958
24,097
+4.5%
Other liabilities
20,535
19,847
18,800
+3.5%
Total liabilities and equity
112,180
110,903
90,344
+1.2%
Fixed assets
4,000
3,686
3,061
+8.5%
Goodwill
34,590
34,087
29,652
+1.5%
Intangible assets
4,943
6,406
6,137
-22.8%
Investments
35,973
32,652
21,050
+10.2%
Cash and equivalents
20,152
21,716
17,769
-7.2%
Receivables
5,385
5,618
6,087
-4.1%
Inventory
212
314
189
-32.5%
Other assets
6,925
6,424
6,399
+7.8%
Total assets
112,180
110,903
90,344
+1.2%
10-K for the year ended 31 May 2016, filed 22 June 2016: the filing.