Oracle (ORCL) FY2020 results: revenue $39.1 billion, down 1.1% on the year
Oracle Corp. (ORCL) reported revenue of $39.1 billion for fiscal 2020, the year ended 31 May 2020, down 1.1% on the year before. Net income was $10.1 billion, down 8.6%, and diluted earnings per share $3.08. The figures are the company's own, from the 10-K it filed with the SEC on 22 June 2020.
Revenue
$39.1 billion
-1.1% on the year
FY2013FY2020
Operating margin
35.6%
34.3% a year earlier
FY2013FY2020
Net income
$10.1 billion
-8.6% on the year
FY2013FY2020
Diluted EPS
$3.08
+3.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
39,068
39,506
39,383
-1.1%
Cost of revenue
n/a
n/a
2,888
Research and development
6,067
6,026
6,091
+0.7%
Operating income
13,896
13,535
13,264
+2.7%
Operating margin
35.6%
34.3%
33.7%
Interest expense
1,995
2,082
2,025
-4.2%
Pre-tax income
n/a
n/a
12,891
Income tax
1,928
1,185
8,837
+62.7%
Effective tax rate
n/a
n/a
68.6%
Net income
10,135
11,083
3,587
-8.6%
Net margin
25.9%
28.1%
9.1%
Diluted EPS
$3.08
$2.97
$0.85
+3.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
13,139
14,551
15,386
-9.7%
Capital expenditure
1,564
1,660
1,736
-5.8%
Free cash flow
11,575
12,891
13,650
-10.2%
Free cash flow margin
29.6%
32.6%
34.7%
Cash from investing
9,843
26,557
-5,625
-62.9%
Cash from financing
-6,132
-42,056
-9,982
Depreciation and amortisation
2,968
2,919
2,785
+1.7%
Share-based compensation
1,590
1,653
1,607
-3.8%
Buybacks
19,240
36,140
11,347
-46.8%
Dividends paid
3,070
2,932
3,140
+4.7%
Dividend per share
$0.96
$0.81
$0.76
+18.5%
Diluted shares, weighted
3,294m
3,732m
4,238m
-11.7%
Shares outstanding at period end
3,067m
3,359m
3,997m
-8.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
12,074
21,785
46,372
-44.6%
Non-controlling interest
643
578
501
+11.2%
Debt
71,597
56,167
60,619
+27.5%
Operating lease liabilities
1,500
n/a
n/a
Other liabilities
29,624
30,179
30,359
-1.8%
Total liabilities and equity
115,438
108,709
137,851
+6.2%
Fixed assets
6,244
6,252
5,897
-0.1%
Goodwill
43,769
43,779
43,755
-0.0%
Intangible assets
3,738
5,279
6,670
-29.2%
Investments
5,818
17,313
45,641
-66.4%
Cash and equivalents
37,239
20,514
21,620
+81.5%
Receivables
5,551
5,134
5,136
+8.1%
Inventory
211
320
398
-34.1%
Other assets
12,868
10,118
8,734
+27.2%
Total assets
115,438
108,709
137,851
+6.2%
10-K for the year ended 31 May 2020, filed 22 June 2020: the filing.