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
Based on: 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), 10-K (reporting date: 2020-05-31).
- Cash and Cash Equivalents
- There is a clear downward trend from May 2020 to May 2023, with cash declining sharply from $37,239 million to $9,765 million. A modest recovery is observed in the subsequent years, increasing to $10,786 million by May 2025, though still significantly lower than the initial value in 2020.
- Marketable Securities
- Values fluctuate substantially, with an initial increase from $5,818 million in 2020 to $16,456 million in 2021, followed by a sharp decline to $519 million in 2022. The levels remain low and relatively stable through 2025, ending at $417 million.
- Trade Receivables, Net
- Trade receivables show a consistent upward trend, rising steadily from $5,551 million in 2020 to $8,558 million in 2025, indicating potentially increased sales or extended credit terms over the period.
- Inventories
- Inventories display minor fluctuations without a strong trend, with values ranging between $142 million and $334 million. There is a slight increase overall from the lowest point in 2021 ($142 million) to $303 million in 2025.
- Prepaid Expenses and Other Current Assets
- This category shows gradual growth from $3,321 million in 2020 to $4,515 million in 2025, reflecting modest increases in prepaid assets and similar current asset accounts.
- Current Assets
- Current assets initially rise from $52,140 million in 2020 to $55,567 million in 2021, then decline sharply to a low of $21,004 million in 2023. A slow recovery is evident afterward, with current assets reaching $24,579 million by 2025. The significant drop may be driven primarily by steep declines in cash and marketable securities.
- Property, Plant and Equipment, Net
- A strong ascending trend is present, with net PP&E more than doubling from $6,244 million in 2020 to $17,069 million in 2023, and further surging to $43,522 million by 2025. This suggests substantial capital investment or acquisition of fixed assets.
- Intangible Assets, Net
- Intangible assets decrease from $3,738 million in 2020 to $1,440 million in 2022, followed by a sharp increase to $9,837 million in 2023 before tapering down to $4,587 million by 2025. This volatility suggests significant impairment, revaluation, or acquisition activity impacting intangible assets during these years.
- Goodwill
- Goodwill values remain relatively stable between $43,769 million and $43,811 million from 2020 through 2022. A marked increase occurs in 2023, jumping to approximately $62,261 million, and then stabilizing around that level through 2025. This jump likely reflects acquisitions or business combinations creating higher goodwill.
- Deferred Tax Assets
- Deferred tax assets increase significantly from $3,252 million in 2020 to over $13,600 million in 2021, then gradually decline to $11,877 million by 2025. The initial surge and subsequent gradual decrease could relate to timing differences in tax recognition or changes in tax positions over time.
- Other Non-current Assets
- Other non-current assets increase steadily across the years from $6,295 million in 2020 to $21,589 million in 2025, indicating growth in long-term investments or other asset categories.
- Non-current Assets
- Non-current assets increase notably from $63,298 million in 2020 to $113,380 million in 2023. Growth continues but at a slower pace reaching $143,782 million in 2025, consistent with the trends seen in PPE and other long-term assets.
- Total Assets
- Total assets show fluctuations, rising from $115,438 million in 2020 to $131,107 million in 2021, declining to $109,297 million in 2022, then increasing substantially to $168,361 million by 2025. The overall upward trend post-2022 is driven primarily by growth in non-current assets, particularly property, plant and equipment and goodwill, despite declines in current assets.