Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Oracle Corp., consolidated income statement

US$ in millions

12 months ended:	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Cloud services and license support	39,383)	35,307)	30,174)	28,700)	27,392)	26,707)
Cloud license and on-premise license	5,081)	5,779)	5,878)	5,399)	5,127)	5,855)
Hardware	3,066)	3,274)	3,183)	3,359)	3,443)	3,704)
Services	5,431)	5,594)	3,205)	3,021)	3,106)	3,240)
Revenues	52,961)	49,954)	42,440)	40,479)	39,068)	39,506)
Cloud services and license support	(9,427)	(7,763)	(5,213)	(4,353)	(4,006)	(3,782)
Hardware	(891)	(1,040)	(972)	(972)	(1,116)	(1,360)
Services	(4,825)	(4,761)	(2,692)	(2,530)	(2,816)	(2,853)
Cost of revenues	(15,143)	(13,564)	(8,877)	(7,855)	(7,938)	(7,995)
Gross profit	37,818)	36,390)	33,563)	32,624)	31,130)	31,511)
Sales and marketing	(8,274)	(8,833)	(8,047)	(7,682)	(8,094)	(8,509)
Research and development	(8,915)	(8,623)	(7,219)	(6,527)	(6,067)	(6,026)
General and administrative	(1,548)	(1,579)	(1,317)	(1,254)	(1,181)	(1,265)
Amortization of intangible assets	(3,010)	(3,582)	(1,150)	(1,379)	(1,586)	(1,689)
Transitional and other employee related costs	(19)	(77)	(10)	(5)	(12)	(49)
Business combination adjustments, net	12)	(10)	(9)	(4)	7)	21)
Other, net	(307)	(103)	(4,694)	(129)	(51)	(16)
Acquisition related and other	(314)	(190)	(4,713)	(138)	(56)	(44)
Restructuring	(404)	(490)	(191)	(431)	(250)	(443)
Operating income	15,353)	13,093)	10,926)	15,213)	13,896)	13,535)
Interest expense	(3,514)	(3,505)	(2,755)	(2,496)	(1,995)	(2,082)
Interest income	451)	285)	94)	101)	527)	1,092)
Foreign currency losses, net	(228)	(249)	(199)	(112)	(185)	(111)
Gains (losses) from equity investments, net	(303)	(327)	(147)	262)	—)	—)
Other income (expenses), net	168)	(6)	(86)	211)	(16)	(14)
Non-operating income (expenses), net, excluding noncontrolling interests in income	88)	(297)	(338)	462)	326)	967)
Income before income taxes and noncontrolling interests in income	11,927)	9,291)	7,833)	13,179)	12,227)	12,420)
(Provision for) benefit from income taxes	(1,274)	(623)	(932)	747)	(1,928)	(1,185)
Net income before noncontrolling interests in income	10,653)	8,668)	6,901)	13,926)	10,299)	11,235)
Noncontrolling interests in income	(186)	(165)	(184)	(180)	(164)	(152)
Net income	10,467)	8,503)	6,717)	13,746)	10,135)	11,083)

Based on: 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), 10-K (reporting date: 2019-05-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Oracle Corp. revenues increased from 2022 to 2023 and from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Oracle Corp. operating income increased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes and noncontrolling interests in income	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Oracle Corp. income before income taxes and noncontrolling interests in income increased from 2022 to 2023 and from 2023 to 2024.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Oracle Corp. net income increased from 2022 to 2023 and from 2023 to 2024.

Oracle Corp. (NYSE:ORCL)

Income Statement