Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Oracle Corp., balance sheet: property, plant and equipment

US$ in millions

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Computer, network, machinery and equipment	17,258)	12,844)	9,508)	7,757)	7,214)	6,156)
Buildings and improvements	5,880)	4,729)	4,734)	4,394)	4,253)	3,893)
Furniture, fixtures and other	447)	423)	454)	509)	554)	662)
Land	1,243)	1,166)	871)	885)	896)	868)
Construction in progress	3,846)	512)	233)	280)	158)	229)
Property, plant and equipment, gross	28,674)	19,674)	15,800)	13,825)	13,075)	11,808)
Accumulated depreciation	(11,605)	(9,958)	(8,751)	(7,581)	(6,823)	(5,911)
Property, plant and equipment, net	17,069)	9,716)	7,049)	6,244)	6,252)	5,897)

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).

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Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Oracle Corp. property, plant and equipment, gross increased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Oracle Corp. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.

Oracle Corp., asset age ratios

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Average age ratio	42.31%	53.80%	58.62%	58.59%	56.02%	54.03%
Estimated total useful life (years)	11	9	10	9	10	9
Estimated age, time elapsed since purchase (years)	5	5	6	5	6	5
Estimated remaining life (years)	6	4	4	4	4	4

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).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Oracle Corp. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Oracle Corp. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Oracle Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.
Estimated remaining life		Oracle Corp. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	11,605)	9,958)	8,751)	7,581)	6,823)	5,911)
Property, plant and equipment, gross	28,674)	19,674)	15,800)	13,825)	13,075)	11,808)
Land	1,243)	1,166)	871)	885)	896)	868)
Asset Age Ratio
Average age¹	42.31%	53.80%	58.62%	58.59%	56.02%	54.03%

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).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × 11,605 ÷ (28,674 – 1,243) = 42.31%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Oracle Corp. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross	28,674)	19,674)	15,800)	13,825)	13,075)	11,808)
Land	1,243)	1,166)	871)	885)	896)	868)
Depreciation expense	2,526)	1,972)	1,537)	1,382)	1,230)	1,165)
Asset Age Ratio (Years)
Estimated total useful life¹	11	9	10	9	10	9

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).

2023 Calculations

¹ Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation expense
= (28,674 – 1,243) ÷ 2,526 = 11

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Oracle Corp. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	11,605)	9,958)	8,751)	7,581)	6,823)	5,911)
Depreciation expense	2,526)	1,972)	1,537)	1,382)	1,230)	1,165)
Asset Age Ratio (Years)
Time elapsed since purchase¹	5	5	6	5	6	5

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).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 11,605 ÷ 2,526 = 5

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Oracle Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	17,069)	9,716)	7,049)	6,244)	6,252)	5,897)
Land	1,243)	1,166)	871)	885)	896)	868)
Depreciation expense	2,526)	1,972)	1,537)	1,382)	1,230)	1,165)
Asset Age Ratio (Years)
Estimated remaining life¹	6	4	4	4	4	4

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).

2023 Calculations

¹ Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation expense
= (17,069 – 1,243) ÷ 2,526 = 6

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Asset age ratio	Description	The company
Estimated remaining life		Oracle Corp. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

Oracle Corp. (NYSE:ORCL)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life