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Oracle Corp – ‘10-Q’ for 11/30/16 – ‘R16’

On:  Monday, 12/19/16, at 4:12pm ET   ·   For:  11/30/16   ·   Accession #:  1193125-16-797253   ·   File #:  1-35992

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/19/16  Oracle Corp                       10-Q       11/30/16   73:10M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.05M 
 2: EX-31.01    Certification -- §302 - SOA'02                      HTML     26K 
 3: EX-31.02    Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-32.01    Certification -- §906 - SOA'02                      HTML     22K 
11: R1          Document and Entity Information                     HTML     40K 
12: R2          Condensed Consolidated Balance Sheets               HTML    123K 
13: R3          Condensed Consolidated Balance Sheets               HTML     36K 
                Parenthetical                                                    
14: R4          Condensed Consolidated Statements of Operations     HTML    116K 
15: R5          Condensed Consolidated Statements of Comprehensive  HTML     44K 
                Income                                                           
16: R6          Condensed Consolidated Statements of Cash Flows     HTML    112K 
17: R7          Basis of Presentation and Recent Accounting         HTML    122K 
                Pronouncements                                                   
18: R8          Acquisitions                                        HTML     94K 
19: R9          Fair Value Measurements                             HTML    123K 
20: R10         Inventories                                         HTML     40K 
21: R11         Intangible Assets and Goodwill                      HTML    201K 
22: R12         Notes Payable and Other Borrowings                  HTML     61K 
23: R13         Restructuring Activities                            HTML    161K 
24: R14         Deferred Revenues                                   HTML     58K 
25: R15         Derivative Financial Instruments                    HTML    146K 
26: R16         Stockholders' Equity                                HTML    110K 
27: R17         Income Taxes                                        HTML     30K 
28: R18         Segment Information                                 HTML    414K 
29: R19         Earnings Per Share                                  HTML     79K 
30: R20         Legal Proceedings                                   HTML     29K 
31: R21         Basis of Presentation and Recent Accounting         HTML    126K 
                Pronouncements (Policies)                                        
32: R22         Basis of Presentation and Recent Accounting         HTML    104K 
                Pronouncements (Tables)                                          
33: R23         Acquisitions (Tables)                               HTML     78K 
34: R24         Fair Value Measurements (Tables)                    HTML    112K 
35: R25         Inventories (Tables)                                HTML     40K 
36: R26         Intangible Assets and Goodwill (Tables)             HTML    200K 
37: R27         Notes Payable and Other Borrowings (Tables)         HTML     53K 
38: R28         Restructuring Activities (Tables)                   HTML    159K 
39: R29         Deferred Revenues (Tables)                          HTML     52K 
40: R30         Derivative Financial Instruments (Tables)           HTML    128K 
41: R31         Stockholders' Equity (Tables)                       HTML     99K 
42: R32         Segment Information (Tables)                        HTML    408K 
43: R33         Earnings Per Share (Tables)                         HTML     76K 
44: R34         BASIS OF PRESENTATION AND RECENT ACCOUNTING         HTML     44K 
                PRONOUNCEMENTS Narrative (Details)                               
45: R35         Basis of Presentation and Recent Accounting         HTML     44K 
                Pronouncements (Details)                                         
46: R36         ACQUISITIONS Narrative (Details)                    HTML     56K 
47: R37         Fair Values of Net Assets Acquired From Netsuite    HTML     49K 
                (Details)                                                        
48: R38         Acquisitions - Unaudited Pro Forma Financial        HTML     29K 
                Information (Details)                                            
49: R39         Fair Value Measurements (Details)                   HTML     50K 
50: R40         Fair Value Measurements Narrative (Details)         HTML     38K 
51: R41         Inventories (Details)                               HTML     30K 
52: R42         Intangible Assets (Details)                         HTML     66K 
53: R43         Intangible Assets AND GOODWILL Narrative (Details)  HTML     27K 
54: R44         Intangible Assets Amortization (Details)            HTML     38K 
55: R45         Goodwill (Details)                                  HTML     45K 
56: R46         NOTES PAYABLE AND OTHER BORROWINGS Narrative        HTML     61K 
                (Details)                                                        
57: R47         Notes Payable and Other Borrowings (Details)        HTML     57K 
58: R48         Restructuring Activities (Details)                  HTML     90K 
59: R49         Restructuring Activities Narrative (Details)        HTML     25K 
60: R50         Deferred Revenues (Details)                         HTML     43K 
61: R51         DERIVATIVE FINANCIAL INSTRUMENTS Narrative          HTML    108K 
                (Details)                                                        
62: R52         Derivative Financial Instruments (Details)          HTML     64K 
63: R53         STOCKHOLDERS' EQUITY Narrative (Details)            HTML     68K 
64: R54         Stockholders' Equity (Details)                      HTML     47K 
65: R55         Income Taxes (Details)                              HTML     33K 
66: R56         SEGMENT INFORMATION Narrative (Details)             HTML     27K 
67: R57         Segment Information (Details)                       HTML     70K 
68: R58         Segment Information Reconciliation (Details)        HTML     64K 
69: R59         Earnings Per Share (Details)                        HTML     45K 
70: R60         Legal Proceedings (Details)                         HTML     33K 
72: XML         IDEA XML File -- Filing Summary                      XML    131K 
71: EXCEL       IDEA Workbook of Financial Reports                  XLSX     84K 
 5: EX-101.INS  XBRL Instance -- orcl-20161130                       XML   4.01M 
 7: EX-101.CAL  XBRL Calculations -- orcl-20161130_cal               XML    196K 
 8: EX-101.DEF  XBRL Definitions -- orcl-20161130_def                XML    494K 
 9: EX-101.LAB  XBRL Labels -- orcl-20161130_lab                     XML   1.13M 
10: EX-101.PRE  XBRL Presentations -- orcl-20161130_pre              XML    843K 
 6: EX-101.SCH  XBRL Schema -- orcl-20161130                         XSD    159K 
73: ZIP         XBRL Zipped Folder -- 0001193125-16-797253-xbrl      Zip    190K

‘R16’   —   Stockholders’ Equity

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.6.0.2
STOCKHOLDERS' EQUITY
 6 Months Ended
Stockholders Equity Note [Abstract]  
STOCKHOLDERS' EQUITY

10.

STOCKHOLDERS’ EQUITY

Common Stock Repurchases

Our Board of Directors has approved a program for us to repurchase shares of our common stock. As of November 30, 2016, approximately $6.3 billion remained available for stock repurchases pursuant to our stock repurchase program. We repurchased 62.0 million shares for $2.5 billion during the six months ended November 30, 2016 (including 0.6 million shares for $24 million that were repurchased but not settled) and 162.1 million shares for $6.2 billion during the six months ended November 30, 2015 under the stock repurchase program.

Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.

Dividends on Common Stock

During the six months ended November 30, 2016, our Board of Directors declared cash dividends of $0.30 per share of our outstanding common stock, which we paid during the same period.

In December 2016, our Board of Directors declared a quarterly cash dividend of $0.15 per share of our outstanding common stock. The dividend is payable on January 26, 2017 to stockholders of record as of the close of business on January 5, 2017. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination of our Board of Directors.

Stock-Based Compensation Expense and Valuations of Stock Awards

During the first half of fiscal 2017, we issued 49 million restricted stock-based awards (consisting of 47 million service-based restricted stock units (RSUs) and 2 million performance-based restricted stock units (PSUs)) and 21 million stock options. Substantially all of the awards were issued as a part of our annual stock-based award process or in connection with our acquisitions and are subject to service-based vesting restrictions, with the PSUs also having performance-based vesting restrictions, that are of a similar nature to those described in Note 14 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2016. Approximately 7 million of the 21 million stock options granted during the first half of fiscal 2017 were to our Chief Executive Officers and Chief Technology Officer and had contractual lives of five years versus the ten year contractual lives for most of the other stock options granted. Our fiscal 2017 stock-based award issuances were partially offset by forfeitures and cancellations of 6 million shares during the first half of fiscal 2017.

Stock-based compensation expense is included in the following operating expense line items in our condensed consolidated statements of operations:

 

 

 

Three Months Ended

November 30,

 

 

Six Months Ended

November 30,

 

(in millions)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Sales and marketing

 

$

68

 

 

$

55

 

 

$

133

 

 

$

107

 

Cloud software as a service and platform as a service

 

 

6

 

 

 

4

 

 

 

11

 

 

 

8

 

Cloud infrastructure as a service

 

 

1

 

 

 

1

 

 

 

2

 

 

 

2

 

Software license updates and product support

 

 

6

 

 

 

6

 

 

 

12

 

 

 

12

 

Hardware products

 

 

2

 

 

 

2

 

 

 

4

 

 

 

3

 

Hardware support

 

 

1

 

 

 

1

 

 

 

2

 

 

 

3

 

Services

 

 

9

 

 

 

7

 

 

 

17

 

 

 

14

 

Research and development

 

 

188

 

 

 

151

 

 

 

382

 

 

 

298

 

General and administrative

 

 

35

 

 

 

27

 

 

 

72

 

 

 

57

 

Acquisition related and other

 

 

11

 

 

—

 

 

 

11

 

 

 

3

 

Total stock-based compensation

 

$

327

 

 

$

254

 

 

$

646

 

 

$

507

 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
1/26/174
1/5/17
Filed on:12/19/16S-8
For Period end:11/30/16
5/31/1610-K,  4,  SD
11/30/1510-Q
 List all Filings 
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Filing Submission 0001193125-16-797253   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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