Oracle (ORCL) FY2023 results: revenue $50.0 billion, up 17.7% on the year
Oracle Corp. (ORCL) reported revenue of $50.0 billion for fiscal 2023, the year ended 31 May 2023, up 17.7% on the year before. Net income was $8.5 billion, up 26.6%, and diluted earnings per share $3.07. The figures are the company's own, from the 10-K it filed with the SEC on 20 June 2023.
Revenue
$50.0 billion
+17.7% on the year
FY2016FY2023
Operating margin
26.2%
25.7% a year earlier
FY2016FY2023
Net income
$8.5 billion
+26.6% on the year
FY2016FY2023
Diluted EPS
$3.07
+27.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
17,165
9,539
15,887
+79.9%
Capital expenditure
8,695
4,511
2,135
+92.8%
Free cash flow
8,470
5,028
13,752
+68.5%
Free cash flow margin
17.0%
11.8%
34.0%
Cash from investing
-36,484
11,220
-13,098
Cash from financing
7,910
-29,126
-10,378
Depreciation and amortisation
6,108
3,122
2,916
+95.6%
Share-based compensation
3,547
2,613
1,837
+35.7%
Buybacks
1,300
16,248
20,934
-92.0%
Dividends paid
3,668
3,457
3,063
+6.1%
Dividend per share
$1.36
$1.28
$1.04
+6.3%
Diluted shares, weighted
2,766m
2,786m
3,022m
-0.7%
Shares outstanding at period end
2,713m
2,665m
2,814m
+1.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,073
-6,220
5,238
Non-controlling interest
483
452
714
+6.9%
Debt
90,481
75,859
84,245
+19.3%
Operating lease liabilities
4,000
2,900
2,100
+37.9%
Other liabilities
38,347
36,306
38,810
+5.6%
Total liabilities and equity
134,384
109,297
131,107
+23.0%
Fixed assets
17,069
9,716
7,049
+75.7%
Goodwill
62,261
43,811
43,935
+42.1%
Intangible assets
9,837
1,440
2,430
+583.1%
Investments
422
519
16,456
-18.7%
Cash and equivalents
9,765
21,383
30,098
-54.3%
Receivables
6,915
5,953
5,409
+16.2%
Inventory
298
314
142
-5.1%
Other assets
27,817
26,161
25,588
+6.3%
Total assets
134,384
109,297
131,107
+23.0%
10-K for the year ended 31 May 2023, filed 20 June 2023: the filing.