Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Oracle Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019
Notes payable and other borrowings, current	7,271)	8,167)	8,162)	9,201)	10,605)	5,510)	6,321)	4,499)	4,061)	5,415)	9,746)	16,097)	3,749)	6,248)	4,998)	6,748)	8,250)	5,758)	7,251)	2,997)	2,371)	2,355)	999)	3,748)
Accounts payable	5,113)	2,423)	2,679)	2,207)	2,357)	1,658)	1,107)	1,034)	1,204)	1,610)	1,647)	1,461)	1,317)	1,124)	1,034)	749)	745)	812)	724)	534)	637)	533)	534)	486)
Accrued compensation and related benefits	2,243)	1,839)	1,653)	1,772)	1,916)	1,796)	1,706)	1,818)	2,053)	1,736)	1,780)	1,958)	1,944)	1,626)	1,503)	1,470)	2,017)	1,684)	1,420)	1,390)	1,453)	1,317)	1,312)	1,261)
Deferred revenues	9,387)	9,019)	9,430)	11,455)	9,313)	8,931)	8,878)	11,120)	8,970)	8,598)	8,705)	10,473)	8,357)	7,871)	7,937)	10,011)	8,775)	8,088)	8,062)	9,875)	8,002)	7,814)	8,087)	10,089)
Other current liabilities	8,629)	8,175)	7,128)	7,410)	7,353)	6,990)	6,395)	6,886)	6,802)	5,521)	5,228)	4,830)	4,144)	3,964)	3,409)	4,093)	4,377)	3,908)	3,890)	3,952)	4,737)	3,721)	3,660)	3,291)
Current liabilities	32,643)	29,623)	29,052)	32,045)	31,544)	24,885)	24,407)	25,357)	23,090)	22,880)	27,106)	34,819)	19,511)	20,833)	18,881)	23,071)	24,164)	20,250)	21,347)	18,748)	17,200)	15,740)	14,592)	18,875)
Notes payable and other borrowings, non-current	85,297)	88,109)	80,462)	75,314)	76,264)	82,470)	82,468)	84,442)	86,420)	86,396)	81,173)	75,480)	72,110)	72,165)	73,433)	75,970)	75,995)	63,541)	63,531)	67,769)	69,226)	49,320)	50,670)	50,692)
Income taxes payable	10,269)	9,813)	9,553)	11,038)	10,817)	10,451)	10,046)	11,201)	11,077)	11,335)	11,128)	12,128)	12,210)	12,168)	12,122)	12,315)	12,345)	12,316)	12,214)	12,690)	12,463)	13,168)	13,042)	13,501)
Deferred tax liabilities	1,629)	2,208)	2,864)	3,442)	3,692)	4,483)	5,244)	5,281)	5,772)	6,814)	7,165)	7,693)	6,031)	6,462)	6,777)	7,648)	7,864)	7,892)	—)	—)	—)	—)	—)	—)
Other non-current liabilities	17,554)	14,364)	12,316)	11,106)	9,420)	8,611)	7,781)	7,540)	6,469)	6,107)	5,673)	5,638)	5,203)	5,227)	5,342)	5,050)	4,787)	4,473)	4,306)	4,199)	3,832)	3,595)	3,954)	4,142)
Non-current liabilities	114,749)	114,494)	105,195)	100,900)	100,193)	106,015)	105,539)	108,464)	109,738)	110,652)	105,139)	100,939)	95,554)	96,022)	97,674)	100,983)	100,991)	88,222)	80,051)	84,658)	85,521)	66,083)	67,666)	68,335)
Total liabilities	147,392)	144,117)	134,247)	132,945)	131,737)	130,900)	129,946)	133,821)	132,828)	133,532)	132,245)	135,758)	115,065)	116,855)	116,555)	124,054)	125,155)	108,472)	101,398)	103,406)	102,721)	81,823)	82,258)	87,210)
Preferred stock, $0.01 par value; outstanding: none	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value and additional paid in capital	37,107)	35,691)	34,310)	33,083)	32,764)	31,622)	30,724)	30,295)	30,215)	28,994)	28,148)	27,224)	26,808)	26,129)	25,591)	25,534)	26,533)	26,261)	26,298)	26,238)	26,486)	26,685)	26,374)	26,450)
Accumulated deficit	(15,481)	(17,368)	(19,045)	(20,939)	(22,628)	(24,533)	(25,431)	(26,428)	(27,620)	(29,721)	(30,617)	(31,134)	(31,336)	(33,147)	(34,076)	(25,679)	(20,120)	(16,206)	(17,095)	(15,410)	(12,696)	(10,771)	(9,174)	(6,446)
Accumulated other comprehensive loss	(1,175)	(1,593)	(1,519)	(1,328)	(1,432)	(1,466)	(1,427)	(1,497)	(1,522)	(1,694)	(1,777)	(1,965)	(1,692)	(1,678)	(1,616)	(1,396)	(1,175)	(1,155)	(1,286)	(1,337)	(1,716)	(1,679)	(1,637)	(1,571)
Total Oracle Corporation stockholders’ equity (deficit)	20,451)	16,730)	13,746)	10,816)	8,704)	5,623)	3,866)	2,370)	1,073)	(2,421)	(4,246)	(5,875)	(6,220)	(8,696)	(10,101)	(1,541)	5,238)	8,900)	7,917)	9,491)	12,074)	14,235)	15,563)	18,433)
Noncontrolling interests	518)	531)	490)	453)	535)	559)	512)	471)	483)	509)	470)	426)	452)	485)	443)	411)	714)	737)	699)	649)	643)	646)	622)	586)
Total stockholders’ equity (deficit)	20,969)	17,261)	14,236)	11,269)	9,239)	6,182)	4,378)	2,841)	1,556)	(1,912)	(3,776)	(5,449)	(5,768)	(8,211)	(9,658)	(1,130)	5,952)	9,637)	8,616)	10,140)	12,717)	14,881)	16,185)	19,019)
Total liabilities and stockholders’ equity (deficit)	168,361)	161,378)	148,483)	144,214)	140,976)	137,082)	134,324)	136,662)	134,384)	131,620)	128,469)	130,309)	109,297)	108,644)	106,897)	122,924)	131,107)	118,109)	110,014)	113,546)	115,438)	96,704)	98,443)	106,229)

The quarterly financial data reveals several notable trends in liabilities, equity, and related financial items over the examined periods.

Current Liabilities: Current liabilities have generally fluctuated with some pronounced spikes, notably reaching a peak in August 2022 at approximately US$34.8 billion, significantly higher than previous quarters. This spike is driven mainly by a sharp increase in "Notes payable and other borrowings, current," which surged from around US$3.7 billion in May 2022 to over US$16 billion in August 2022 before declining thereafter. "Accounts payable" and "Accrued compensation" displayed oscillating patterns but remained relatively stable compared to the volatility seen in borrowing. Deferred revenues and other current liabilities also exhibited some variability but without extreme swings.
Non-current Liabilities: Non-current liabilities show a generally increasing trend, with notable increments around the February 2021 through August 2022 timeframe. The "Notes payable and other borrowings, non-current" line remains the largest component, hovering mostly between US$50 billion and US$88 billion, peaking in February 2025. "Other non-current liabilities" consistently increased, rising from about US$4.1 billion in August 2019 to over US$17.5 billion by May 2025. Deferred tax liabilities display a steady decline starting from 2021, which may reflect changes in tax positions or asset bases.
Total Liabilities: Total liabilities demonstrated a similar trajectory to their components, showing a marked increase from approximately US$87 billion in August 2019 to an estimated US$147 billion by May 2025. This rise appears driven by both current and non-current obligations, with the most prominent surge occurring around August 2022, aligning with the spike in current borrowings.
Stockholders’ Equity: Stockholders' equity experienced significant volatility with a downward trend from August 2019 through August 2021, turning negative at about -US$1.5 billion in August 2021, indicating accumulated losses. However, after this low point, equity began a steady recovery, rising to approximately US$20.5 billion by May 2025. This recovery corresponds with decreasing accumulated deficits, which improved from roughly -US$25.7 billion in August 2021 to about -US$15.5 billion by May 2025. The common stock and additional paid-in capital increased moderately over the period, supporting the recovery in equity.
Accumulated Deficit and Other Comprehensive Loss: The accumulated deficit generally widened until mid-2021, reflecting consistent net losses or distributions exceeding earnings, but thereafter it showed improvement, indicating some recovery in net income or other favorable adjustments. The accumulated other comprehensive loss remained negative throughout the period, fluctuating but showing no clear trend toward elimination of losses.
Other Observations: Income taxes payable showed slight decreases over time but remained relatively stable around US$9 billion to US$13.5 billion. The fluctuations in current borrowings and total liabilities around mid-2022 could indicate refinancing activities or liquidity management responses to market dynamics.

In summary, the data depict a company facing increasing debt burdens, particularly current borrowings peaking sharply in mid-2022, followed by partial reduction. The liability base expanded significantly over time, paralleled by an initial decline and subsequent recovery in equity, with accumulated deficits narrowing in later periods. This pattern suggests a period of financial stress or restructuring followed by improvement and strengthening of the equity position over the forecast horizon.

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Oracle Corp. (NYSE:ORCL)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data