ORCL · 10-K · 2026A · Full report

Liquidity and Cash Position

ORACLE CORP · 2026-06-22 · Importance 64 · Surprise 42 · In source text

Cash and cash equivalents consist primarily of deposits at major banks, money market funds and securities with original maturities of 90 days or less. The increase in cash, cash equivalents and marketable securities as of May 31, 2026 versus May 31, 2025 was driven by $42.7 billion of net proceeds from senior notes, $32.0 billion of cash inflows from operations, $5.0 billion of net proceeds from Mandatory Convertible Preferred Stock and $4.9 billion of proceeds from the sale of investments (primarily Ampere). These inflows were partially offset by $55.7 billion of cash used for capital expenditures, $5.8 billion of cash used to pay dividends and $5.0 billion of cash used for scheduled debt repayments during fiscal 2026. Oracle warns that cash and cash equivalents may be impacted by these and other variable factors in future periods.

Key facts

• The increase in cash, cash equivalents and marketable securities as of May 31, 2026 in comparison to May 31, 2025 was primarily due to proceeds from the issuance of senior notes, net of issuance costs, of $42.7 billion during fiscal 2026. source
• The increase in cash, cash equivalents and marketable securities as of May 31, 2026 in comparison to May 31, 2025 was primarily due to $32.0 billion of cash inflows from our operations. source
• In March 2026, Oracle terminated its existing $6.0 billion, five-year revolving credit agreement and entered into a new $10.0 billion, five-year revolving credit agreement. source
• Cash proceeds from the issuance of Mandatory Convertible Preferred Stock, net of issuance costs, were $5.0 billion during fiscal 2026. source
• The increase in cash, cash equivalents and marketable securities as of May 31, 2026 in comparison to May 31, 2025 was primarily due to $5.0 billion of cash proceeds from the issuance of Mandatory Convertible Preferred Stock, net of issuance costs. source
• The increase in cash, cash equivalents and marketable securities as of May 31, 2026 in comparison to May 31, 2025 was primarily due to $3.3 billion of cash inflows from short-term financing related to capital expenditures, net. source
• Cash, cash equivalents and marketable securities were $31,894 million as of May 31, 2026. source
• As of May 31, 2026, Oracle did not have any outstanding borrowings under the $10.0 billion Revolving Credit Agreement. source

Impact estimates