Oracle (ORCL) FY2021 results: revenue $40.5 billion, up 3.6% on the year
Oracle Corp. (ORCL) reported revenue of $40.5 billion for fiscal 2021, the year ended 31 May 2021, up 3.6% on the year before. Net income was $13.7 billion, up 35.6%, and diluted earnings per share $4.55. The figures are the company's own, from the 10-K it filed with the SEC on 20 June 2023.
Revenue
$40.5 billion
+3.6% on the year
FY2014FY2021
Operating margin
37.6%
35.6% a year earlier
FY2014FY2021
Net income
$13.7 billion
+35.6% on the year
FY2014FY2021
Diluted EPS
$4.55
+47.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
40,479
39,068
39,506
+3.6%
Research and development
6,527
6,067
6,026
+7.6%
Operating income
15,213
13,896
13,535
+9.5%
Operating margin
37.6%
35.6%
34.3%
Interest expense
2,496
1,995
2,082
+25.1%
Income tax
-747
1,928
1,185
Net income
13,746
10,135
11,083
+35.6%
Net margin
34.0%
25.9%
28.1%
Diluted EPS
$4.55
$3.08
$2.97
+47.7%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
15,887
13,139
14,551
+20.9%
Capital expenditure
2,135
1,564
1,660
+36.5%
Free cash flow
13,752
11,575
12,891
+18.8%
Free cash flow margin
34.0%
29.6%
32.6%
Cash from investing
-13,098
9,843
26,557
Cash from financing
-10,378
-6,132
-42,056
Depreciation and amortisation
2,916
2,968
2,919
-1.8%
Share-based compensation
1,837
1,590
1,653
+15.5%
Buybacks
20,934
19,240
36,140
+8.8%
Dividends paid
3,063
3,070
2,932
-0.2%
Dividend per share
$1.04
$0.96
$0.81
+8.3%
Diluted shares, weighted
3,022m
3,294m
3,732m
-8.3%
Shares outstanding at period end
2,814m
3,067m
3,359m
-8.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,238
12,074
21,785
-56.6%
Non-controlling interest
714
643
578
+11.0%
Debt
84,245
71,597
56,167
+17.7%
Operating lease liabilities
2,100
1,500
n/a
+40.0%
Other liabilities
38,810
29,624
30,179
+31.0%
Total liabilities and equity
131,107
115,438
108,709
+13.6%
Fixed assets
7,049
6,244
6,252
+12.9%
Goodwill
43,935
43,769
43,779
+0.4%
Intangible assets
2,430
3,738
5,279
-35.0%
Investments
16,456
5,818
17,313
+182.8%
Cash and equivalents
30,098
37,239
20,514
-19.2%
Receivables
5,409
5,551
5,134
-2.6%
Inventory
142
211
320
-32.7%
Other assets
25,588
12,868
10,118
+98.8%
Total assets
131,107
115,438
108,709
+13.6%
10-K for the year ended 31 May 2021, filed 20 June 2023: the filing.