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Oracle Corp. (ORCL)


Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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

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May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014
Cash and cash equivalents 20,514  21,620  21,784  20,152  21,716  17,769 
Marketable securities 17,313  45,641  44,294  35,973  32,652  21,050 
Trade receivables, net of allowances for doubtful accounts 5,134  5,279  5,300  5,385  5,618  6,087 
Inventories 320  398  300  212  314  189 
Deferred tax assets —  —  —  —  663  914 
Prepaid expenses and other current assets 3,105  3,026  2,837  2,591  2,220  2,129 
Current assets 46,386  75,964  74,515  64,313  63,183  48,138 
Property, plant and equipment, net 6,252  5,897  5,315  4,000  3,686  3,061 
Intangible assets, net 5,279  6,670  7,679  4,943  6,406  6,137 
Goodwill, net 43,779  43,755  43,045  34,590  34,087  29,652 
Deferred tax assets 2,696  1,491  1,143  1,291  795  837 
Other non-current assets 4,317  3,487  3,294  3,043  2,746  2,519 
Non-current assets 62,323  61,300  60,476  47,867  47,720  42,206 
Total assets 108,709  137,264  134,991  112,180  110,903  90,344 

Based on: 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-22), 10-K (filing date: 2015-06-25), 10-K (filing date: 2014-06-26).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Oracle Corp.’s current assets increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
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.’s property, plant and equipment, net increased from 2017 to 2018 and from 2018 to 2019.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Oracle Corp.’s non-current assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Oracle Corp.’s total assets increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Oracle Corp.’s cash and cash equivalents decreased from 2017 to 2018 and from 2018 to 2019.
Marketable securities Amount of investment in marketable security, classified as current. Oracle Corp.’s marketable securities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Trade receivables, net of allowances for doubtful accounts Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Oracle Corp.’s trade receivables, net of allowances for doubtful accounts decreased from 2017 to 2018 and from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Oracle Corp.’s inventories increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.