Oracle (ORCL) FY2017 results: revenue $37.7 billion, up 1.8% on the year
Oracle Corp. (ORCL) reported revenue of $37.7 billion for fiscal 2017, the year ended 31 May 2017, up 1.8% on the year before. Net income was $9.5 billion, up 6.2%, and diluted earnings per share $2.24. The figures are the company's own, from the 10-K it filed with the SEC on 27 June 2017.
Revenue
$37.7 billion
+1.8% on the year
FY2010FY2017
Operating margin
34.2%
34.0% a year earlier
FY2010FY2017
Net income
$9.5 billion
+6.2% on the year
FY2010FY2017
Diluted EPS
$2.24
+8.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
37,728
37,047
38,226
+1.8%
Cost of revenue
2,801
2,751
2,929
+1.8%
Gross profit
23,017
22,410
23,709
+2.7%
Gross margin
61.0%
60.5%
62.0%
Research and development
6,159
5,787
5,524
+6.4%
Operating income
12,913
12,604
13,871
+2.5%
Operating margin
34.2%
34.0%
36.3%
Interest expense
1,798
1,467
1,143
+22.6%
Pre-tax income
11,517
11,442
12,834
+0.7%
Income tax
2,228
2,541
2,896
-12.3%
Effective tax rate
19.3%
22.2%
22.6%
Net income
9,452
8,901
9,938
+6.2%
Net margin
25.1%
24.0%
26.0%
Diluted EPS
$2.24
$2.07
$2.21
+8.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
14,126
13,685
14,580
+3.2%
Capital expenditure
2,021
1,189
1,391
+70.0%
Free cash flow
12,105
12,496
13,189
-3.1%
Free cash flow margin
32.1%
33.7%
34.5%
Cash from investing
-21,494
-5,154
n/a
Cash from financing
9,086
-9,980
n/a
Depreciation and amortisation
2,451
2,509
2,861
-2.3%
Share-based compensation
1,350
1,037
933
+30.2%
Buybacks
3,561
10,440
8,087
-65.9%
Dividends paid
2,631
2,541
2,255
+3.5%
Dividend per share
$0.64
$0.60
$0.51
+6.7%
Diluted shares, weighted
4,217m
4,305m
4,503m
-2.0%
Shares outstanding at period end
4,137m
4,131m
4,343m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
53,860
47,289
48,663
+13.9%
Non-controlling interest
386
501
435
-23.0%
Debt
57,909
43,855
41,958
+32.0%
Other liabilities
22,836
20,535
19,847
+11.2%
Total liabilities and equity
134,991
112,180
110,903
+20.3%
Fixed assets
5,315
4,000
3,686
+32.9%
Goodwill
43,045
34,590
34,087
+24.4%
Intangible assets
7,679
4,943
6,406
+55.4%
Investments
44,294
35,973
32,652
+23.1%
Cash and equivalents
21,784
20,152
21,716
+8.1%
Receivables
5,300
5,385
5,618
-1.6%
Inventory
300
212
314
+41.5%
Other assets
7,274
6,925
6,424
+5.0%
Total assets
134,991
112,180
110,903
+20.3%
10-K for the year ended 31 May 2017, filed 27 June 2017: the filing.