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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Revenues:      
Cloud services and license support $ 26,707 $ 26,222 $ 23,758
Cloud license and on-premise license 5,855 5,772 6,523
Hardware 3,704 3,994 4,152
Services 3,240 3,395 3,359
Total revenues 39,506 39,383 37,792
Operating expenses:      
Cloud services and license support [1] 3,782 3,606 3,011
Hardware [1] 1,360 1,576 1,648
Services [1] 2,853 2,878 2,793
Sales and marketing [1] 8,509 8,433 8,085
Research and development 6,026 6,084 6,153
General and administrative 1,265 1,282 1,172
Amortization of intangible assets 1,689 1,620 1,451
Acquisition related and other 44 52 103
Restructuring 443 588 463
Total operating expenses 25,971 26,119 24,879
Operating income 13,535 13,264 12,913
Interest expense (2,082) (2,025) (1,798)
Non-operating income, net 815 1,185 565
Income before provision for income taxes 12,268 12,424 11,680
Provision for income taxes 1,185 8,837 2,228
Net income $ 11,083 $ 3,587 $ 9,452
Earnings per share:      
Basic $ 3.05 $ 0.87 $ 2.30
Diluted $ 2.97 $ 0.85 $ 2.24
Weighted average common shares outstanding:      
Basic 3,634 4,121 4,115
Diluted 3,732 4,238 4,217
[1] Exclusive of amortization of intangible assets, which is shown separately.