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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2022
May 31, 2021
May 31, 2020
Revenues:      
Cloud services and license support $ 30,174 $ 28,700 $ 27,392
Cloud license and on-premise license 5,878 5,399 5,127
Hardware 3,183 3,359 3,443
Services 3,205 3,021 3,106
Total revenues 42,440 40,479 39,068
Operating expenses:      
Cloud services and license support [1] 5,213 4,353 4,006
Hardware [1] 972 972 1,116
Services 2,692 2,530 2,816
Sales and marketing [1] 8,047 7,682 8,094
Research and development 7,219 6,527 6,067
General and administrative 1,317 1,254 1,181
Amortization of intangible assets 1,150 1,379 1,586
Acquisition related and other 4,713 138 56
Restructuring 191 431 250
Total operating expenses 31,514 25,266 25,172
Operating income 10,926 15,213 13,896
Interest expense (2,755) (2,496) (1,995)
Non-operating (expenses) income, net (522) 282 162
Income before income taxes 7,649 12,999 12,063
(Provision for) benefit from income taxes (932) 747 (1,928)
Net income $ 6,717 $ 13,746 $ 10,135
Earnings per share:      
Basic $ 2.49 $ 4.67 $ 3.16
Diluted $ 2.41 $ 4.55 $ 3.08
Weighted average common shares outstanding:      
Basic 2,700 2,945 3,211
Diluted 2,786 3,022 3,294
[1] Exclusive of amortization of intangible assets, which is shown separately.