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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Software and cloud revenues:      
New software licenses $ 8,535 $ 9,416 $ 9,411
Cloud software as a service and platform as a service 1,485 1,121 910
Cloud infrastructure as a service 608 456 457
Software license updates and product support 18,847 18,206 17,142
Software and cloud revenues 29,475 29,199 27,920
Hardware systems revenues:      
Hardware systems products 2,825 2,976 3,033
Hardware systems support 2,380 2,396 2,313
Hardware systems revenues 5,205 5,372 5,346
Services revenues 3,546 3,704 3,914
Total revenues 38,226 38,275 37,180
Operating expenses:      
Sales and marketing [1] 7,655 7,567 7,062
Cloud software as a service and platform as a service [1] 773 455 327
Cloud infrastructure as a service [1] 344 308 304
Software license updates and product support [1] 1,199 1,162 1,175
Hardware systems products [1] 1,471 1,521 1,501
Hardware systems support [1] 816 836 890
Services [1] 2,929 2,954 3,182
Research and development 5,524 5,151 4,850
General and administrative 1,077 1,038 1,072
Amortization of intangible assets 2,149 2,300 2,385
Acquisition related and other 211 41 (604)
Restructuring 207 183 352
Total operating expenses 24,355 23,516 22,496
Operating income 13,871 14,759 14,684
Interest expense (1,143) (914) (797)
Non-operating income (expense), net 106 (141) 11
Income before provision for income taxes 12,834 13,704 13,898
Provision for income taxes 2,896 2,749 2,973
Net income $ 9,938 $ 10,955 $ 10,925
Earnings per share:      
Basic (in dollars per share) $ 2.26 $ 2.42 $ 2.29
Diluted (in dollars per share) $ 2.21 $ 2.38 $ 2.26
Weighted average common shares outstanding:      
Basic (in shares) 4,404 4,528 4,769
Diluted (in shares) 4,503 4,604 4,844
Dividends declared per common share (in dollars per share) $ 0.51 $ 0.48 $ 0.30
[1] Exclusive of amortization of intangible assets, which is shown separately.