ORACLE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
($ in thousands)
May 31, May 31,
2001 2000
ASSETS
Current Assets
Cash and short term investments $5,887,661 $7,761,998
Trade receivables, net 2,432,131 2,533,964
Prepaid and refundable income taxes 272,742 212,829
Other current assets 370,616 374,543
Total current assets 8,963,150 10,883,334
Long-term cash investments 0 110,000
Property and equipment, net 974,751 934,455
Prepaid taxes 376,030 322,379
Other assets 716,229 826,611
TOTAL ASSETS $11,030,160 $13,076,779
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Notes payable, including current maturities $2,849 $2,691
Accounts payable 270,112 287,495
Income taxes 767,087 2,821,776
Customer advances and unearned revenues 1,213,529 1,133,482
Other current liabilities 1,663,042 1,616,794
Total current liabilities 3,916,619 5,862,238
Long-term debt 300,847 300,770
Long-term liabilities 207,135 186,178
Deferred income taxes 327,788 266,130
Stockholders' equity 6,277,771 6,461,463
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $11,030,160 $13,076,779
Hmmm, looks like they deferred some taxes and collected some customer prepays to make
the number. Sales and revenues down (and they missed the sales estimates), margins flat.
Growth flat, PE 25 or so...yeah, that sounds like a bargain...NOT |
