Attached files
file | filename |
---|---|
EX-32.01 - EX-32.01 - ORACLE CORP | d385998dex3201.htm |
EX-31.02 - EX-31.02 - ORACLE CORP | d385998dex3102.htm |
EX-31.01 - EX-31.01 - ORACLE CORP | d385998dex3101.htm |
EX-23.01 - EX-23.01 - ORACLE CORP | d385998dex2301.htm |
EX-21.01 - EX-21.01 - ORACLE CORP | d385998dex2101.htm |
10-K - FORM 10-K - ORACLE CORP | d385998d10k.htm |
Exhibit 12.01
ORACLE CORPORATION
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Year Ended May 31, | ||||||||||||||||||||
(Dollars in millions) |
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings(1) |
||||||||||||||||||||
Income before provision for income taxes |
$ | 11,517 | $ | 11,442 | $ | 12,834 | $ | 13,704 | $ | 13,898 | ||||||||||
Add: Noncontrolling interests |
118 | 116 | 113 | 98 | 112 | |||||||||||||||
Add: Fixed Charges |
1,836 | 1,506 | 1,190 | 968 | 850 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total earnings |
$ | 13,471 | $ | 13,064 | $ | 14,137 | $ | 14,770 | $ | 14,860 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Fixed Charges(2) |
||||||||||||||||||||
Interest expense |
$ | 1,798 | $ | 1,467 | $ | 1,143 | $ | 914 | $ | 797 | ||||||||||
Estimate of interest in rent expense |
38 | 39 | 47 | 54 | 53 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total fixed charges |
$ | 1,836 | $ | 1,506 | $ | 1,190 | $ | 968 | $ | 850 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Ratio of earnings to fixed charges |
7x | 9x | 12x | 15x | 17x | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
(1) | The term earnings means the amounts resulting from the following: (a) our income before provision for income taxes, plus (b) the noncontrolling interests in the net income of our majority owned subsidiaries, plus (c) our fixed charges. |
(2) | The term fixed charges means the amounts resulting from the following: (a) our interest expensed, plus (b) our estimate of the interest component of rent expense. |
We do not report any shares of preferred stock outstanding in our consolidated financial statements because our outstanding preferred stock is owned by one or more of our wholly-owned subsidiaries. Our ratio of earnings to combined fixed charges and preferred dividends for any given period is equivalent to our ratio of earnings to fixed charges.