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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Revenues:      
Cloud services and license support $ 39,383 $ 35,307 $ 30,174
Cloud license and on-premise license 5,081 5,779 5,878
Hardware 3,066 3,274 3,183
Services 5,431 5,594 3,205
Total revenues 52,961 49,954 42,440
Operating expenses:      
Cloud services and license support [1] 9,427 7,763 5,213
Hardware [1] 891 1,040 972
Services [1] 4,825 4,761 2,692
Sales and marketing [1] 8,274 8,833 8,047
Research and development 8,915 8,623 7,219
General and administrative 1,548 1,579 1,317
Amortization of intangible assets 3,010 3,582 1,150
Acquisition related and other 314 190 4,713
Restructuring 404 490 191
Total operating expenses 37,608 36,861 31,514
Operating income 15,353 13,093 10,926
Interest expense (3,514) (3,505) (2,755)
Non-operating expenses, net (98) (462) (522)
Income before income taxes 11,741 9,126 7,649
Provision for income taxes 1,274 623 932
Net income $ 10,467 $ 8,503 $ 6,717
Earnings per share:      
Basic $ 3.82 $ 3.15 $ 2.49
Diluted $ 3.71 $ 3.07 $ 2.41
Weighted average common shares outstanding:      
Basic 2,744 2,696 2,700
Diluted 2,823 2,766 2,786
[1] Exclusive of amortization of intangible assets, which is shown separately.