Oracle (ORCL) FY2018 results: revenue $39.4 billion, up 4.4% on the year
Oracle Corp. (ORCL) reported revenue of $39.4 billion for fiscal 2018, the year ended 31 May 2018, up 4.4% on the year before. Net income was $3.6 billion, down 62.1%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 22 June 2018.
Revenue
$39.4 billion
+4.4% on the year
FY2011FY2018
Operating margin
33.7%
34.2% a year earlier
FY2011FY2018
Net income
$3.6 billion
-62.1% on the year
FY2011FY2018
Diluted EPS
$0.85
-62.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
39,383
37,728
37,047
+4.4%
Cost of revenue
2,888
2,801
2,751
+3.1%
Gross profit
n/a
23,017
22,410
Gross margin
n/a
61.0%
60.5%
Research and development
6,091
6,159
5,787
-1.1%
Operating income
13,264
12,913
12,604
+2.7%
Operating margin
33.7%
34.2%
34.0%
Interest expense
2,025
1,798
1,467
+12.6%
Pre-tax income
12,891
11,517
11,442
+11.9%
Income tax
8,837
2,228
2,541
+296.6%
Effective tax rate
68.6%
19.3%
22.2%
Net income
3,587
9,452
8,901
-62.1%
Net margin
9.1%
25.1%
24.0%
Diluted EPS
$0.85
$2.24
$2.07
-62.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
15,386
14,126
13,685
+8.9%
Capital expenditure
1,736
2,021
1,189
-14.1%
Free cash flow
13,650
12,105
12,496
+12.8%
Free cash flow margin
34.7%
32.1%
33.7%
Cash from investing
-5,625
-21,494
-5,154
Cash from financing
-9,982
9,086
-9,980
Depreciation and amortisation
2,785
2,451
2,509
+13.6%
Share-based compensation
1,607
1,350
1,037
+19.0%
Buybacks
11,347
3,561
10,440
+218.6%
Dividends paid
3,140
2,631
2,541
+19.3%
Dividend per share
$0.76
$0.64
$0.60
+18.8%
Diluted shares, weighted
4,238m
4,217m
4,305m
+0.5%
Shares outstanding at period end
3,997m
4,137m
4,131m
-3.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
46,372
53,860
47,289
-13.9%
Non-controlling interest
501
386
501
+29.8%
Debt
60,619
57,909
43,855
+4.7%
Other liabilities
30,359
22,836
20,535
+32.9%
Total liabilities and equity
137,851
134,991
112,180
+2.1%
Fixed assets
5,897
5,315
4,000
+11.0%
Goodwill
43,755
43,045
34,590
+1.6%
Intangible assets
6,670
7,679
4,943
-13.1%
Investments
45,641
44,294
35,973
+3.0%
Cash and equivalents
21,620
21,784
20,152
-0.8%
Receivables
5,136
5,300
5,385
-3.1%
Inventory
398
300
212
+32.7%
Other assets
8,734
7,274
6,925
+20.1%
Total assets
137,851
134,991
112,180
+2.1%
10-K for the year ended 31 May 2018, filed 22 June 2018: the filing.