Attached files
| file | filename |
|---|---|
| 10-K - 10-K - ORACLE CORP | d568983d10k.htm |
| EX-32.01 - EX-32.01 - ORACLE CORP | d568983dex3201.htm |
| EX-31.02 - EX-31.02 - ORACLE CORP | d568983dex3102.htm |
| EX-31.01 - EX-31.01 - ORACLE CORP | d568983dex3101.htm |
| EX-23.01 - EX-23.01 - ORACLE CORP | d568983dex2301.htm |
| EX-21.01 - EX-21.01 - ORACLE CORP | d568983dex2101.htm |
Exhibit 12.01
ORACLE CORPORATION
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
| Year Ended May 31, | ||||||||||||||||||||
| (Dollars in millions) |
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
| Earnings(1) |
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| Income before provision for income taxes |
$ | 12,891 | $ | 11,517 | $ | 11,442 | $ | 12,834 | $ | 13,704 | ||||||||||
| Add: Noncontrolling interests |
135 | 118 | 116 | 113 | 98 | |||||||||||||||
| Add: Fixed Charges |
2,077 | 1,836 | 1,506 | 1,190 | 968 | |||||||||||||||
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| Total earnings |
$ | 15,103 | $ | 13,471 | $ | 13,064 | $ | 14,137 | $ | 14,770 | ||||||||||
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| Fixed Charges(2) |
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| Interest expense |
$ | 2,025 | $ | 1,798 | $ | 1,467 | $ | 1,143 | $ | 914 | ||||||||||
| Estimate of interest in rent expense |
52 | 38 | 39 | 47 | 54 | |||||||||||||||
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| Total fixed charges |
$ | 2,077 | $ | 1,836 | $ | 1,506 | $ | 1,190 | $ | 968 | ||||||||||
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| Ratio of earnings to fixed charges |
7x | 7x | 9x | 12x | 15x | |||||||||||||||
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| (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.