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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2017
May 31, 2016
May 31, 2015
Revenues:      
Cloud software as a service $ 3,211 $ 2,001 $ 1,476
Cloud platform as a service and infrastructure as a service 1,360 852 617
Total cloud revenues 4,571 2,853 2,093
New software licenses 6,418 7,276 8,535
Software license updates and product support 19,229 18,861 18,847
Total on-premise software revenues 25,647 26,137 27,382
Total cloud and on-premise software revenues 30,218 28,990 29,475
Hardware revenues 4,152 4,668 5,205
Services revenues 3,358 3,389 3,546
Total revenues 37,728 37,047 38,226
Operating expenses:      
Cloud software as a service [1] 1,285 1,049 742
Cloud platform as a service and infrastructure as a service [1] 678 469 375
Software license updates and product support [1] 1,052 1,146 1,199
Hardware [1] 1,653 2,064 2,287
Services [1] 2,801 2,751 2,929
Sales and marketing [1] 8,197 7,884 7,655
Research and development 6,159 5,787 5,524
General and administrative 1,176 1,155 1,077
Amortization of intangible assets 1,451 1,638 2,149
Acquisition related and other 103 42 211
Restructuring 463 458 207
Total operating expenses 25,018 24,443 24,355
Operating income 12,710 12,604 13,871
Interest expense (1,798) (1,467) (1,143)
Non-operating income, net 605 305 106
Income before provision for income taxes 11,517 11,442 12,834
Provision for income taxes 2,182 2,541 2,896
Net income $ 9,335 $ 8,901 $ 9,938
Earnings per share:      
Basic (in dollars per share) $ 2.27 $ 2.11 $ 2.26
Diluted (in dollars per share) $ 2.21 $ 2.07 $ 2.21
Weighted average common shares outstanding:      
Basic (in shares) 4,115 4,221 4,404
Diluted (in shares) 4,217 4,305 4,503
Dividends declared per common share (in dollars per share) $ 0.64 $ 0.60 $ 0.51
[1] Exclusive of amortization of intangible assets, which is shown separately