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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2018
May 31, 2017
May 31, 2016
Revenues:      
Cloud services and license support $ 26,254 $ 23,800 $ 21,714
Cloud license and on-premise license 6,190 6,418 7,276
Hardware 3,993 4,152 4,668
Services 3,394 3,358 3,389
Total revenues 39,831 37,728 37,047
Operating expenses:      
Cloud services and license support [1] 3,612 3,015 2,664
Hardware [1] 1,581 1,653 2,064
Services [1] 2,888 2,801 2,751
Sales and marketing [1] 8,431 8,197 7,884
Research and development 6,091 6,159 5,787
General and administrative 1,289 1,176 1,155
Amortization of intangible assets 1,620 1,451 1,638
Acquisition related and other 52 103 42
Restructuring 588 463 458
Total operating expenses 26,152 25,018 24,443
Operating income 13,679 12,710 12,604
Interest expense (2,025) (1,798) (1,467)
Non-operating income, net 1,237 605 305
Income before provision for income taxes 12,891 11,517 11,442
Provision for income taxes 9,066 2,182 2,541
Net income $ 3,825 $ 9,335 $ 8,901
Earnings per share:      
Basic (in dollars per share) $ 0.93 $ 2.27 $ 2.11
Diluted (in dollars per share) $ 0.90 $ 2.21 $ 2.07
Weighted average common shares outstanding:      
Basic (in shares) 4,121 4,115 4,221
Diluted (in shares) 4,238 4,217 4,305
Dividends declared per common share (in dollars per share) $ 0.76 $ 0.64 $ 0.60
[1] Exclusive of amortization of intangible assets, which is shown separately