Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Oracle Corp., consolidated income statement

US$ in millions

12 months ended:	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Cloud services and license support	35,307)	30,174)	28,700)	27,392)	26,707)	26,254)
Cloud license and on-premise license	5,779)	5,878)	5,399)	5,127)	5,855)	6,190)
Hardware	3,274)	3,183)	3,359)	3,443)	3,704)	3,993)
Services	5,594)	3,205)	3,021)	3,106)	3,240)	3,394)
Revenues	49,954)	42,440)	40,479)	39,068)	39,506)	39,831)
Cloud services and license support	(7,763)	(5,213)	(4,353)	(4,006)	(3,782)	(3,612)
Hardware	(1,040)	(972)	(972)	(1,116)	(1,360)	(1,581)
Services	(4,761)	(2,692)	(2,530)	(2,816)	(2,853)	(2,888)
Cost of revenues	(13,564)	(8,877)	(7,855)	(7,938)	(7,995)	(8,081)
Gross profit	36,390)	33,563)	32,624)	31,130)	31,511)	31,750)
Sales and marketing	(8,833)	(8,047)	(7,682)	(8,094)	(8,509)	(8,431)
Research and development	(8,623)	(7,219)	(6,527)	(6,067)	(6,026)	(6,091)
General and administrative	(1,579)	(1,317)	(1,254)	(1,181)	(1,265)	(1,289)
Amortization of intangible assets	(3,582)	(1,150)	(1,379)	(1,586)	(1,689)	(1,620)
Transitional and other employee related costs	(77)	(10)	(5)	(12)	(49)	(48)
Stock-based compensation	—)	—)	—)	—)	—)	(1)
Business combination adjustments, net	(10)	(9)	(4)	7)	21)	—)
Other, net	(103)	(4,694)	(129)	(51)	(16)	(3)
Acquisition related and other	(190)	(4,713)	(138)	(56)	(44)	(52)
Restructuring	(490)	(191)	(431)	(250)	(443)	(588)
Operating income	13,093)	10,926)	15,213)	13,896)	13,535)	13,679)
Interest expense	(3,505)	(2,755)	(2,496)	(1,995)	(2,082)	(2,025)
Interest income	285)	94)	101)	527)	1,092)	1,201)
Foreign currency losses, net	(249)	(199)	(112)	(185)	(111)	(74)
Gains (losses) from equity investments, net	(327)	(147)	262)	—)	—)	—)
Other gains (losses), net	(6)	(86)	211)	(16)	(14)	245)
Non-operating income (expenses), net, excluding noncontrolling interests in income	(297)	(338)	462)	326)	967)	1,372)
Income before income taxes and noncontrolling interests in income	9,291)	7,833)	13,179)	12,227)	12,420)	13,026)
(Provision for) benefit from income taxes	(623)	(932)	747)	(1,928)	(1,185)	(9,066)
Net income before noncontrolling interests in income	8,668)	6,901)	13,926)	10,299)	11,235)	3,960)
Noncontrolling interests in income	(165)	(184)	(180)	(164)	(152)	(135)
Net income	8,503)	6,717)	13,746)	10,135)	11,083)	3,825)

Based on: 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31).

Download chart

Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Oracle Corp. revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Oracle Corp. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Income before income taxes and noncontrolling interests in income	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Oracle Corp. income before income taxes and noncontrolling interests in income decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Oracle Corp. net income decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Oracle Corp. (NYSE:ORCL)

Income Statement