Obligation Oraclum 4% ( US68389XBJ37 ) en USD

Oraclum

100 % ▲

Etas-Unis

US68389XBJ37 ( en USD )

4% par an ( paiement semestriel )

15/07/2046

Prospectus brochure de l'obligation Oracle US68389XBJ37 en USD 4%, échéance 15/07/2046

2 000 USD

3 000 000 000 USD

68389XBJ3

BBB ( Qualité moyenne inférieure )

Baa2 ( Qualité moyenne inférieure )

15/01/2026 ( Dans 181 jours )

Oracle Corporation est une entreprise multinationale de technologie informatique spécialisée dans les systèmes de gestion de bases de données, les logiciels d'infrastructure et les solutions cloud.

L'Obligation émise par Oraclum ( Etas-Unis ) , en USD, avec le code ISIN US68389XBJ37, paye un coupon de 4% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/07/2046

L'Obligation émise par Oraclum ( Etas-Unis ) , en USD, avec le code ISIN US68389XBJ37, a été notée Baa2 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par Oraclum ( Etas-Unis ) , en USD, avec le code ISIN US68389XBJ37, a été notée BBB ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

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Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-210282
CALCULATION OF REGISTRATION FEE

Proposed
Maximum
Title of Each Class of
Aggregate
Amount of
Securities to be Registered

Offering Price
Registration Fee(1)
1.900% Notes due 2021
$ 4,250,000,000
$ 427,975
2.400% Notes due 2023
$ 2,500,000,000
$ 251,750
2.650% Notes due 2026
$ 3,000,000,000
$ 302,100
3.850% Notes due 2036
$ 1,250,000,000
$ 125,875
4.000% Notes due 2046
$ 3,000,000,000
$ 302,100
Total
$ 14,000,000,000
$ 1,409,800

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended.
Table of Contents

Prospectus Supplement
(To Prospectus dated March 18, 2016)

$14,000,000,000
Oracle Corporation
$4,250,000,000 1.900% Notes due 2021
$2,500,000,000 2.400% Notes due 2023
$3,000,000,000 2.650% Notes due 2026
$1,250,000,000 3.850% Notes due 2036
$3,000,000,000 4.000% Notes due 2046

Oracle Corporation is offering $4,250,000,000 aggregate principal amount of 1.900% notes due 2021 (the "2021 Notes"), $2,500,000,000 aggregate principal amount
of 2.400% notes due 2023 (the "2023 Notes"), $3,000,000,000 aggregate principal amount of 2.650% notes due 2026 (the "2026 Notes"), $1,250,000,000 aggregate
principal amount of 3.850% notes due 2036 (the "2036 Notes") and $3,000,000,000 aggregate principal amount of 4.000% notes due 2046 (the "2046 Notes" and, together
with the 2021 Notes, the 2023 Notes, the 2026 Notes and the 2036 Notes, the "Notes").
The 2021 Notes will bear interest at the rate of 1.900% per year, the 2023 Notes will bear interest at the rate of 2.400% per year, the 2026 Notes will bear interest at
the rate of 2.650% per year, the 2036 Notes will bear interest at the rate of 3.850% per year and the 2046 Notes will bear interest at the rate of 4.000% per year. Interest
on the 2021 Notes and the 2023 Notes will be payable semi-annually on March 15 and September 15, commencing March 15, 2017. Interest on the 2026 Notes, the 2036
Notes and the 2046 Notes will be payable semi-annually on January 15 and July 15, commencing January 15, 2017.
The 2021 Notes will mature on September 15, 2021, the 2023 Notes will mature on September 15, 2023, the 2026 Notes will mature on July 15, 2026, the 2036
Notes will mature on July 15, 2036 and the 2046 Notes will mature on July 15, 2046.
We may redeem some or all of the Notes at any time, each at the applicable redemption prices indicated under the heading "Description of the Notes--Optional
Redemption" beginning on page S-14 of this prospectus supplement. The Notes will rank equally with all of our other existing and future unsecured and unsubordinated
indebtedness from time to time outstanding.

Investing in the Notes involves risks. See "Risk Factors" beginning on page S-8 of this prospectus supplement and see Part I, Item 1A. "Risk Factors" of
our Annual Report on Form 10-K for the fiscal year ended May 31, 2016, which is incorporated by reference herein, for a discussion of certain risks that should
be considered in connection with an investment in the Notes.
Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of the Notes or determined if this
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prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Public offering
Underwriting
Proceeds, before

price(1)

discount

expenses, to us
2021 Notes

99.826%

0.200%

99.626%
Total

$ 4,242,605,000
$
8,500,000
$ 4,234,105,000
2023 Notes

99.983%

0.250%

99.733%
Total

$ 2,499,575,000
$
6,250,000
$ 2,493,325,000
2026 Notes

99.624%

0.300%

99.324%
Total

$ 2,988,720,000
$
9,000,000
$ 2,979,720,000
2036 Notes

99.985%

0.500%

99.485%
Total

$ 1,249,812,500
$
6,250,000
$ 1,243,562,500
2046 Notes

99.982%

0.500%

99.482%
Total

$ 2,999,460,000
$ 15,000,000
$ 2,984,460,000
Total

$ 13,980,172,500
$ 45,000,000
$ 13,935,172,500

(1) Plus accrued interest, if any, from July 7, 2016, if settlement occurs after that date.
The Notes will be issued in book-entry form only, in denominations of $2,000 and multiples of $1,000 thereafter. The Notes are new issues of securities with no
established trading markets. We do not intend to apply for listing of the Notes on any securities exchange.

The underwriters expect to deliver the Notes to purchasers through the book-entry delivery system of The Depository Trust Company and its participants, including
Euroclear Bank S.A./N.V. and Clearstream Banking, S.A. on or about July 7, 2016, which is the fifth business day following the date of this prospectus supplement.

Joint Book-Running Managers (in alphabetical order)

Co-Managers (in alphabetical order)
BofA Merrill Lynch

Barclays
Citigroup

BNP PARIBAS
HSBC

Credit Suisse
J.P. Morgan

Deutsche Bank Securities
Wells Fargo Securities

SOCIETE GENERALE

UBS Investment Bank
June 29, 2016
Table of Contents
We have not, and the underwriters have not, authorized anyone to provide any information other than that contained or
incorporated by reference in this prospectus supplement, the accompanying prospectus and any free writing prospectus prepared by or on
behalf of us or to which we have referred you. We and the underwriters take no responsibility for, and can provide no assurance as to the
reliability of, any other information that others may give you. We are not, and the underwriters are not, making an offer of these
securities in any jurisdiction where the offer or sale of such securities is not permitted. You should assume that the information contained
in this prospectus supplement, the accompanying prospectus and the documents incorporated by reference herein or therein is accurate
only as of their respective dates. Our business, financial condition, results of operations and prospects may have changed since those dates.
We expect to deliver the Notes against payment for the Notes on or about the date specified in the last paragraph of the cover page of
this prospectus supplement, which will be the fifth business day following the date of the pricing of the Notes ("T+5"). Under Rule 15c6-1
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), trades in the secondary market generally are required to settle
in three business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on the
date of pricing or the next succeeding business day will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify
alternative settlement arrangements to prevent a failed settlement.

TABLE OF CONTENTS

Page
Prospectus Supplement

Cautionary Note on Forward-Looking Statements

ii
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About This Prospectus Supplement

iv
Summary
S-1
The Offering
S-3
Summary Consolidated Financial Data
S-5
Ratio of Earnings to Fixed Charges
S-7
Risk Factors
S-8
Use of Proceeds
S-11
Capitalization
S-12
Description of the Notes
S-13
Material U.S. Federal Income Tax Consequences
S-19
Underwriting
S-22
Validity of Securities
S-26
Experts
S-26
Where You Can Find More Information
S-26
Prospectus

Oracle Corporation

2
Where You Can Find More Information

3
Cautionary Note on Forward-Looking Statements

4
Use of Proceeds

5
Ratio of Earnings to Fixed Charges

5
Description of Capital Stock

6
Description of Debt Securities

8
Description of Warrants

18
Description of Purchase Contracts

18
Description of Units

19
Forms of Securities

19
Plan of Distribution

21
Validity of Securities

22
Experts

22

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Table of Contents
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
This prospectus supplement, the accompanying prospectus and documents that are incorporated by reference in this prospectus supplement
contain statements that are not historical in nature, are predictive in nature, or that depend upon or refer to future events or conditions or otherwise
contain forward-looking statements within the meaning of Section 21 of the Securities Exchange Act of 1934, as amended and the Private
Securities Litigation Reform Act of 1995. These include, among other things, statements regarding:

·
our expectation that we will continue to acquire companies, products, services and technologies to further our corporate strategy;

·
our belief that our acquisitions should allow us to grow and continue to make investments in research and development;

·
our expectation that the total revenues of our cloud and on-premise software business generally will continue to increase due to

continued demand for our software products, expected growth in our cloud and software license updates and product support offerings,
and contributions from acquisitions;

·
our expectation that we will continue to place significant strategic emphasis on growing our cloud software as a service ("SaaS") and

platform as a service ("PaaS") business, which will affect the growth of our cloud SaaS and PaaS revenues and our new software license
revenues and the related expenses;

·
our intention that we will renew our cloud SaaS and PaaS contracts when they are eligible for renewal;

·
our belief that software license updates and product support revenues and margins will grow;

·
our belief that our PaaS offerings are a large opportunity for us to expand our cloud and on-premise software business;

·
our expectation that our hardware business will have lower operating margins as a percentage of revenues than our cloud and on-
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premise software business;

·
our expectation that we will continue to make significant investments in research and development and related product opportunities,

including those related to hardware products and services, and our belief that research and development efforts are essential to
maintaining our competitive position;

·
our international operations providing a significant portion of our total revenues and expenses;

·
continued realization of gains or losses with respect to our foreign currency exposures;

·
the sufficiency of our sources of funding for working capital, capital expenditures, contractual obligations, acquisitions, dividends, stock

repurchases, debt repayments and other matters;

·
our expectation that we will continue paying comparable cash dividends on a quarterly basis;

·
our belief that we have adequately provided under U.S. generally accepted accounting principles for outcomes related to our tax audits
and that the final outcome of our tax-related examinations, agreements or judicial proceedings will not have a material effect on our

results of operations, our assumptions regarding the potential U.S. income tax liability associated with any repatriation of our
undistributed earnings held by our foreign subsidiaries, and our belief that our net deferred tax assets will be realized in the foreseeable
future;

·
our estimates and current intentions regarding potential future goodwill impairment losses, if any;

·
our belief that the outcome of certain legal proceedings and claims to which we are a party will not, individually or in the aggregate,

result in losses that are materially in excess of amounts already recognized, if any;

·
the timing and amount of our stock repurchases;

·
our expectation that seasonal trends will continue in the future;

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·
our expectations regarding the impact of recent accounting pronouncements on our consolidated financial statements;

·
our expectation that to the extent customers renew support contracts or cloud SaaS and PaaS contracts from companies that we have

acquired, we will recognize revenues for the full contracts' values over the respective renewal periods;

·
our ability to predict quarterly hardware revenues;

·
the timing of customer orders and delays in our ability to manufacture or deliver a few large transactions substantially affecting the

amount of hardware products revenues, expenses and operating margins that we will report;
as well as other statements regarding our future operations, financial condition and prospects, and business strategies. Forward-looking statements
may be preceded by, followed by or include the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "strives," "estimates,"
"will," "should," "is designed to" and similar expressions. We claim the protection of the safe harbor for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995 for all forward-looking statements. We have based these forward- looking statements on our
current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties, and assumptions
about our business that could affect our future results and could cause those results or other outcomes to differ materially from those expressed or
implied in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed
in this prospectus supplement under the caption "Risk Factors" and in the section "Risk Factors" in our Annual Report on Form 10-K for the fiscal
year ended May 31, 2016 (incorporated by reference herein) and as may be updated in filings we make from time to time with the U.S. Securities
and Exchange Commission (the "SEC"), including the Quarterly Reports on Form 10-Q to be filed by us in our fiscal year 2017, which runs from
June 1, 2016 to May 31, 2017.
We have no obligation to publicly update or revise any forward-looking statements set forth in this prospectus supplement, the accompanying
prospectus or the documents incorporated herein by reference, whether as a result of new information, future events or risks, except to the extent
required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking statements. New information, future events or risks could cause the forward-
looking events we discuss in this prospectus supplement, the accompanying prospectus or the documents incorporated herein by reference not to
occur. You should not place undue reliance on these forward-looking statements, which reflect our expectations only as of the date of this
prospectus supplement or the accompanying prospectus or as of the date of the documents incorporated by reference herein or therein, as applicable.
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Table of Contents
ABOUT THIS PROSPECTUS SUPPLEMENT
This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of this offering. This
prospectus supplement also incorporates by reference the information described under "Where You Can Find More Information." The second part
is the accompanying prospectus dated March 18, 2016. The accompanying prospectus contains a description of our debt securities and gives more
general information, some of which may not apply to this offering.
If the description of this offering varies between this prospectus supplement and the accompanying prospectus, you should rely on the
information in this prospectus supplement.
Unless otherwise indicated or unless the context requires otherwise, references in this prospectus supplement to "Oracle," "we," "us"
and "our" or similar terms are to Oracle Corporation and its consolidated subsidiaries.

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SUMMARY
The following summary highlights information contained in or incorporated by reference in this prospectus supplement and the
accompanying prospectus. It may not contain all of the information that you should consider before investing in the Notes. You should
carefully read this entire prospectus supplement, as well as the accompanying prospectus and the documents incorporated by reference herein
that are described under "Where You Can Find More Information."
Oracle Corporation
Oracle Corporation provides products and services that address all aspects of corporate information technology ("IT") environments--
application, platform and infrastructure. Our Oracle Cloud offerings provide a comprehensive and fully integrated stack of application,
platform, compute and storage services in all three primary layers of the cloud: Software as a Service ("SaaS"), Platform as a Service ("PaaS")
and Infrastructure as a Service ("IaaS"). Our on-premise offerings include Oracle database and middleware software, application software,
hardware (Oracle Engineered Systems, servers, storage, networking and industry-specific products), and related support and services. We
provide our cloud and on-premise offerings to over 400,000 worldwide customers via deployment models that best suit their needs.
Our comprehensive and fully integrated stack of SaaS, PaaS and IaaS offerings integrate the software, hardware and services on the
customers' behalf in IT environments that we deploy, support and manage for the customer. Our integrated Oracle Cloud offerings are
designed to be rapidly deployable to enable customers shorter time to innovation; easily maintainable to reduce integration and testing work;
connectable among differing deployment models to enable interchangeability and extendibility between cloud and on-premise IT
environments; compatible to easily move workloads between on-premise IT environments and the Oracle Cloud; cost-effective by requiring
lower upfront customer investment; and secure, standards-based and reliable. We are a leader in the core technologies of cloud IT
environments, including database and middleware software as well as enterprise applications, virtualization, clustering, large-scale systems
management and related infrastructure. Our products and services are the building blocks of our Oracle Cloud services, our partners' cloud
services and our customers' cloud IT environments.
In addition to providing a broad spectrum of cloud offerings, we develop and sell our products and services to our customers worldwide
for use in their global data centers and on-premise IT environments. An important element of our corporate strategy is to continue our
investments in, and innovation with respect to, our products and services that we offer through our cloud and on-premise software, hardware
and services businesses. In fiscal 2016, 2015 and 2014, we invested $5.8 billion, $5.5 billion and $5.2 billion, respectively, in research and
development to enhance our existing portfolio of offerings and products and to develop new technologies and services. We have a deep
understanding as to how all components within IT environments--application, platform and infrastructure--interact and function with one
another. We focus our development efforts on improving the performance, security, operation and integration of these differing technologies
to make them more cost-effective and easier to deploy, manage and maintain for our customers and to improve their computing performance
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relative to our competitors. After the initial purchase of Oracle products and services, our customers can continue to take advantage of our
research and development investments and deep IT expertise by purchasing and renewing Oracle support offerings, which may include
product enhancements that we periodically deliver to our Oracle E-Business Suite, Siebel, PeopleSoft and JD Edwards application software
products, among others, or by renewing their SaaS, PaaS and IaaS contracts with us.
As customers deploy with the Oracle Cloud, many are adopting a hybrid IT model whereby certain of their IT resources are deployed and
managed through the Oracle Cloud, while other of their IT resources are deployed and managed on-premise, and both sets of resources can be
managed as one. Our recently introduced Oracle Cloud at Customer provides an additional deployment model that customers may opt for and
utilizes the Oracle

S-1
Table of Contents
Cloud Machine to bring certain Oracle Cloud PaaS and IaaS offerings to a customer's on-premise IT environment to meet data sovereignty,
data residency, data protection and regulatory business policy requirements, among others. We focus the engineering of our products and
services to best connect different deployment models to enable flexibility, ease, agility, compatibility, extensibility and seamlessness.
A selective and active acquisition program is another important element of our corporate strategy. We believe our acquisitions enhance
the products and services that we can offer to customers, expand our customer base, provide greater scale to accelerate innovation, grow our
revenues and earnings, and increase stockholder value. In recent years, we have invested billions of dollars to acquire a number of companies,
products, services and technologies that add to, are complementary to, or have otherwise enhanced our existing offerings. We expect to
continue to acquire companies, products, services and technologies to further our corporate strategy.
We have three businesses that deliver our application, platform and infrastructure technologies: cloud and on-premise software,
hardware and services. These businesses can be further divided into certain operating segments (Note 16 of Notes to Consolidated Financial
Statements, included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2016, which is incorporated by reference herein,
provides additional information related to our operating segments):

·
our cloud and on-premise software business is comprised of three operating segments: (1) cloud software and on-premise software,
which includes our SaaS and PaaS offerings, (2) cloud infrastructure as a service and (3) software license updates and product

support. Our cloud and on-premise software business represented 78%, 77% and 76% of our total revenues in fiscal 2016, 2015
and 2014, respectively;

·
our hardware business is comprised of two operating segments: (1) hardware products and (2) hardware support. Our hardware

business represented 13% of our total revenues in fiscal 2016, and 14% of our total revenues in each of fiscal 2015 and 2014; and

·
our services business is comprised of the remainder of our operating segments and offers consulting services, enhanced support

services and education services. Our services business represented 9% of our total revenues in each of fiscal 2016 and 2015, and
10% of our total revenues in fiscal 2014.
Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations originally begun in June 1977.

Our principal executive offices are located at 500 Oracle Parkway, Redwood City, California 94065, and our telephone number is
(650) 506-7000. We maintain a website at www.oracle.com where general information about us is available. We are not incorporating the
contents of, or the information accessible through, the website into this prospectus supplement or the accompanying prospectus.
Recent Developments
As previously disclosed, on May 31, 2016, a jury trial began in the California Superior Court, County of Santa Clara, in the proceeding
between Hewlett-Packard Company and Oracle Corporation. The original plaintiff, Hewlett Packard Company, is now Hewlett Packard
Enterprise Company ("HP"). HP alleges that Oracle breached a single paragraph of a settlement agreement between HP, Oracle and Mark
Hurd to resolve a dispute over Oracle's hiring of Hurd, and further claims Oracle breached the covenant of good faith and fair dealing. Oracle
denies it breached the agreement and claims that HP violated the Lanham Act by making false and deceptive statements. The case is expected
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to be submitted to the jury some time during the week of June 27, 2016. HP has alleged damages of approximately $3.1 billion. Any verdict, if
judgment is entered by the court, would be subject to appeal by either party. While we believe that we have meritorious defenses against this
action, and we will continue to vigorously defend it, at this time we cannot estimate a reasonably possible range of loss for this action due to
the complexities and uncertainty surrounding the judicial process and the nature of the claims.

S-2
Table of Contents
The Offering
The summary below describes the principal terms of the Notes. Certain of the terms and conditions described below are subject to
important limitations and exceptions. The "Description of the Notes" section of this prospectus supplement and the "Description of Debt
Securities" section of the accompanying prospectus contain a more detailed description of the terms and conditions of the Notes.

Issuer
Oracle Corporation

Securities Offered
$4,250,000,000 principal amount of 1.900% Notes due 2021

$2,500,000,000 principal amount of 2.400% Notes due 2023

$3,000,000,000 principal amount of 2.650% Notes due 2026

$1,250,000,000 principal amount of 3.850% Notes due 2036

$3,000,000,000 principal amount of 4.000% Notes due 2046

Maturity Dates
September 15, 2021 for the 2021 Notes

September 15, 2023 for the 2023 Notes

July 15, 2026 for the 2026 Notes

July 15, 2036 for the 2036 Notes

July 15, 2046 for the 2046 Notes

Original Issue Date
July 7, 2016

Interest Rates
1.900% per year for the 2021 Notes

2.400% per year for the 2023 Notes

2.650% per year for the 2026 Notes

3.850% per year for the 2036 Notes

4.000% per year for the 2046 Notes

Interest Payment Dates
Each March 15 and September 15 beginning on March 15, 2017, and on the maturity
date for the 2021 Notes and the 2023 Notes.

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Each January 15 and July 15 beginning on January 15, 2017, and on the maturity date

for the 2026 Notes, the 2036 Notes and the 2046 Notes.

Ranking
The Notes will be the unsecured senior obligations of Oracle Corporation and will rank
equally with all of its existing and future unsecured senior and unsubordinated
indebtedness from time to time outstanding. All existing and future liabilities of
subsidiaries of Oracle Corporation will be effectively senior to the Notes.

As of May 31, 2016, we had approximately $64.4 billion of total liabilities on a

consolidated basis, including $40.1 billion of senior

S-3
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notes outstanding. Of this amount, subsidiaries of Oracle Corporation had approximately

$21.4 billion of liabilities (including trade payables) to which the Notes will be
effectively subordinated.

Form and Denomination
The Notes of each series will be issued in the form of one or more fully registered
global securities, without coupons, in denominations of $2,000 in principal amount and
multiples of $1,000 in excess thereafter. These global notes will be deposited with the
trustee as custodian for, and registered in the name of, a nominee of The Depository
Trust Company, or DTC. Except in the limited circumstances described under
"Description of the Notes--Book-Entry; Delivery and Form; Global Note," Notes in
certificated form will not be issued or exchanged for interests in global securities.

Governing Law
State of New York

Use of Proceeds
The net proceeds of this offering will be used for general corporate purposes, which
may include stock repurchases, payment of cash dividends on our common stock,
repayment of indebtedness and future acquisitions. See "Use of Proceeds" in this
prospectus supplement.

Further Issuances
Oracle Corporation may create and issue further notes of a series ranking equally and
ratably with the applicable series of Notes offered by this prospectus supplement in all
respects, so that such further notes of each series will be consolidated and form a single
series with the applicable series of Notes offered by this prospectus supplement.

Sinking Fund
None

Optional Redemption
Oracle Corporation may redeem some or all of the Notes at any time at the applicable
redemption prices indicated under the heading "Description of the Notes--Optional
Redemption."

Trading
The Notes are new issues of securities with no established trading markets. We do not
intend to apply for listing of the Notes on any securities exchange. The underwriters
have advised us that they intend to make a market in each series of the Notes, but they
are not obligated to do so and may discontinue market-making at any time without
notice. See "Underwriting" in this prospectus supplement for more information about
possible market-making by the underwriters.

Trustee
The Bank of New York Mellon Trust Company, N.A. is the trustee.
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Risk Factors
You should carefully consider all of the information in this prospectus supplement and
the accompanying prospectus and the documents incorporated by reference herein. In
particular, you should evaluate the information set forth under "Cautionary Note on
Forward-Looking Statements" and "Risk Factors" in this prospectus supplement and in
our Annual Report on Form 10-K for the fiscal year ended May 31, 2016, which is
incorporated by reference into this prospectus supplement and the accompanying
prospectus, before deciding whether to invest in the Notes.

S-4
Table of Contents
Summary Consolidated Financial Data
Our summary consolidated financial data presented below as of and for the three years ended May 31, 2016 has been derived from our
audited consolidated financial statements. Our summary consolidated financial data set forth below should be read in conjunction with our
consolidated financial statements, including the notes thereto, and "Management's Discussion and Analysis of Financial Condition and
Results of Operations," both of which can be found in our Annual Report on Form 10-K for the year ended May 31, 2016, which is
incorporated by reference herein.

Year Ended May 31,

(in millions, except per share data)

2016

2015

2014

Consolidated Statements of Operations Data:

Revenues:

Cloud software as a service and platform as a service

$ 2,207
$ 1,485
$ 1,121
Cloud infrastructure as a service

646

608

456

Total cloud revenues

2,853
2,093
1,577

New software licenses

7,276
8,535
9,416
Software license updates and product support

18,861
18,847
18,206

Total on-premise software revenues

26,137
27,382
27,622

Total cloud and on premise software revenues

28,990
29,475
29,199

Hardware products

2,471
2,825
2,976
Hardware support

2,197
2,380
2,396

Total hardware revenues

4,668
5,205
5,372
Total services revenues

3,389
3,546
3,704

Total revenues

37,047
38,226
38,275

Operating expenses:

Sales and marketing(1)

7,884
7,655
7,567
Cloud software as a service and platform as a service(1)

1,152

773

455
Cloud infrastructure as a service(1)

366

344

308
Software license updates and product support(1)

1,146
1,199
1,162
Hardware products(1)

1,371
1,471
1,521
Hardware support(1)

693

816

836
Services(1)

2,751
2,929
2,954
Research and development

5,787
5,524
5,151
General and administrative

1,155
1,077
1,038
Amortization of intangible assets

1,638
2,149
2,300
Acquisition related and other

42

211

41
Restructuring

458

207

183

Total operating expenses

24,443
24,355
23,516

Operating income

12,604
13,871
14,759
Interest expense

(1,467)
(1,143)

(914)
Non-operating income (expense), net

305

106

(141)

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424B2
Income before provision for income taxes

11,442
12,834
13,704
Provision for income taxes

2,541
2,896
2,749

Net income

8,901
9,938
$10,955

Earnings per share:

Basic

$
2.11
$
2.26
$
2.42

Diluted

$
2.07
$
2.21
$
2.38

(1) Exclusive of amortization of intangible assets, which is shown separately.

S-5
Table of Contents

Year Ended May 31,

(in millions)

2016

2015

2014

Consolidated Balance Sheets Data:

Cash, cash equivalents and marketable securities

$
56,125
$
54,368
$ 38,819
Total assets

$ 112,180
$ 110,903
$
90,266
Notes payable and other borrowings

$
43,855
$
41,958
$
24,097
Total Oracle Corporation stockholders' equity

$
47,289
$
48,663
$
46,878

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Table of Contents
Ratio of Earnings to Fixed Charges
The following table sets forth our ratio of earnings to fixed charges for each of the periods indicated.

Year Ended May 31,

2016 2015 2014 2013 2012
Ratio of earnings to fixed charges
9x 12x 15x 17x 17x
For purposes of calculating this ratio, the term "earnings" means the amounts resulting from the following:
(a) our income before provision for income taxes, plus (b) the noncontrolling interests in the net income of our majority owned
subsidiaries, plus (c) our fixed charges. The term "fixed charges" means the amounts resulting from the following: (a) our interest expense,
plus (b) our estimate of the interest component of rent expense.

S-7
Table of Contents
RISK FACTORS
https://www.sec.gov/Archives/edgar/data/1341439/000119312516638473/d192703d424b2.htm[7/1/2016 9:38:10 AM]

Document Outline

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