Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Oracle Corp., consolidated balance sheet: assets

US$ in millions

	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Cash and cash equivalents	31,289)	10,786)	10,454)	9,765)	21,383)	30,098)
Marketable securities	605)	417)	207)	422)	519)	16,456)
Trade receivables, net of allowances for credit losses	10,385)	8,558)	7,874)	6,915)	5,953)	5,409)
Prepaid expenses and other current assets	4,288)	4,818)	4,019)	3,902)	3,778)	3,604)
Current assets	46,567)	24,579)	22,554)	21,004)	31,633)	55,567)
Property, plant and equipment, net	99,957)	43,522)	21,536)	17,069)	9,716)	7,049)
Operating lease right-of-use assets	29,690)	13,145)	7,290)	4,600)	3,500)	2,600)
Goodwill	62,261)	62,207)	62,230)	62,261)	43,811)	43,935)
Deferred tax assets	11,541)	11,877)	12,273)	12,226)	12,782)	13,636)
Other non-current assets	11,743)	13,031)	15,093)	17,224)	7,855)	8,320)
Non-current assets	215,192)	143,782)	118,422)	113,380)	77,664)	75,540)
Total assets	261,759)	168,361)	140,976)	134,384)	109,297)	131,107)

Based on: 10-K (reporting date: 2026-05-31), 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31).

The total asset base exhibits significant expansion over the analyzed period, growing from 131,107 million US dollars in 2021 to 261,759 million US dollars by 2026. This growth is primarily driven by a substantial increase in non-current assets, which rose from 75,540 million US dollars to 215,192 million US dollars, indicating a strategic shift toward long-term capital investment and infrastructure accumulation.

Liquidity and Working Capital Trends: A volatile trend is observed in cash and cash equivalents, which declined from 30,098 million US dollars in 2021 to a low of 9,765 million US dollars in 2023, before recovering to 31,289 million US dollars by 2026. Marketable securities underwent a sharp reduction after 2021, falling from 16,456 million US dollars to consistently low levels below 1 billion US dollars from 2022 onward. In contrast, trade receivables demonstrate a steady upward trajectory, increasing from 5,409 million US dollars in 2021 to 10,385 million US dollars in 2026, suggesting an expansion in credit-based revenue streams.
Capital Expenditure and Fixed Assets: Property, plant, and equipment (net) exhibit exponential growth, rising from 7,049 million US dollars in 2021 to 99,957 million US dollars in 2026. This represents the most aggressive area of asset growth within the balance sheet. Parallel to this, operating lease right-of-use assets grew significantly from 2,600 million US dollars in 2021 to 29,690 million US dollars in 2026, reflecting a substantial increase in leased operational capacity.
Intangible Assets and Deferred Items: Goodwill remained relatively stable between 2021 and 2022 before increasing to 62,261 million US dollars in 2023, a level that remained virtually constant through 2026. Deferred tax assets show a gradual and consistent decline, moving from 13,636 million US dollars in 2021 to 11,541 million US dollars in 2026. Other non-current assets peaked in 2023 at 17,224 million US dollars before trending downward to 11,743 million US dollars by the end of the period.

Oracle Corp. (NYSE:ORCL)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items