Oracle (ORCL) FY2019 results: revenue $39.5 billion, up 0.3% on the year
Oracle Corp. (ORCL) reported revenue of $39.5 billion for fiscal 2019, the year ended 31 May 2019, up 0.3% on the year before. Net income was $11.1 billion, up 209.0%, and diluted earnings per share $2.97. The figures are the company's own, from the 10-K it filed with the SEC on 21 June 2019.
Revenue
$39.5 billion
+0.3% on the year
FY2012FY2019
Operating margin
34.3%
33.7% a year earlier
FY2012FY2019
Net income
$11.1 billion
+209.0% on the year
FY2012FY2019
Diluted EPS
$2.97
+249.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
39,506
39,383
37,728
+0.3%
Cost of revenue
n/a
2,888
2,801
Gross profit
n/a
n/a
23,017
Gross margin
n/a
n/a
61.0%
Research and development
6,026
6,091
6,159
-1.1%
Operating income
13,535
13,264
12,913
+2.0%
Operating margin
34.3%
33.7%
34.2%
Interest expense
2,082
2,025
1,798
+2.8%
Pre-tax income
n/a
12,891
11,517
Income tax
1,185
8,837
2,228
-86.6%
Effective tax rate
n/a
68.6%
19.3%
Net income
11,083
3,587
9,452
+209.0%
Net margin
28.1%
9.1%
25.1%
Diluted EPS
$2.97
$0.85
$2.24
+249.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
14,551
15,386
14,126
-5.4%
Capital expenditure
1,660
1,736
2,021
-4.4%
Free cash flow
12,891
13,650
12,105
-5.6%
Free cash flow margin
32.6%
34.7%
32.1%
Cash from investing
26,557
-5,625
-21,494
Cash from financing
-42,056
-9,982
9,086
Depreciation and amortisation
2,919
2,785
2,451
+4.8%
Share-based compensation
1,653
1,607
1,350
+2.9%
Buybacks
36,140
11,347
3,561
+218.5%
Dividends paid
2,932
3,140
2,631
-6.6%
Dividend per share
$0.81
$0.76
$0.64
+6.6%
Diluted shares, weighted
3,732m
4,238m
4,217m
-11.9%
Shares outstanding at period end
3,359m
3,997m
4,137m
-16.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
21,785
46,372
53,860
-53.0%
Non-controlling interest
578
501
386
+15.4%
Debt
56,167
60,619
57,909
-7.3%
Other liabilities
30,179
30,359
22,836
-0.6%
Total liabilities and equity
108,709
137,851
134,991
-21.1%
Fixed assets
6,252
5,897
5,315
+6.0%
Goodwill
43,779
43,755
43,045
+0.1%
Intangible assets
5,279
6,670
7,679
-20.9%
Investments
17,313
45,641
44,294
-62.1%
Cash and equivalents
20,514
21,620
21,784
-5.1%
Receivables
5,134
5,136
5,300
-0.0%
Inventory
320
398
300
-19.6%
Other assets
10,118
8,734
7,274
+15.8%
Total assets
108,709
137,851
134,991
-21.1%
10-K for the year ended 31 May 2019, filed 21 June 2019: the filing.