Source document: oracle-corporation_2019

Question: How much was the average operating income from 2015 to 2019?
Facts: 12,604; 12,913; 13,264; 13,535; 13,871
Derivation:  (13,535+13,264+12,913+12,604+13,871) / 5 
Answer: 13237.4 million

Question: What was the total expenses for Oracle in 2018?
Facts: 3,587; 39,383
Derivation: 39,383-3,587 
Answer: 35796 million

Question: What was the total value of long-term senior notes that were issued in fiscal 2018 and fiscal 2017?
Facts: 10.0; 14.0
Derivation: 10.0+14.0 
Answer: 24 billion

Question: Why was the diluted earnings per share and net income impacted in fiscal 2019 and 2018? 
Facts: Our net income and diluted earnings per share were impacted in fiscal 2019 and 2018 by the effects of the U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act). The more significant provisions of the Tax Act as applicable to us are described below under “Impacts of the U.S. Tax Cuts and Jobs Act of 2017”.
Answer: Our net income and diluted earnings per share were impacted in fiscal 2019 and 2018 by the effects of the U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act). The more significant provisions of the Tax Act as applicable to us are described below under “Impacts of the U.S. Tax Cuts and Jobs Act of 2017”.

Question: Where should one look at to obtain additional information on the company’s notes payable and other borrowings?
Facts: See Note 7 of Notes to Consolidated Financial Statements included elsewhere in this Annual report for additional information regarding our notes payable and other borrowings.
Answer: See Note 7 of Notes to Consolidated Financial Statements included elsewhere in this Annual report for additional information regarding our notes payable and other borrowings.

Question: Why did the working capital and total assets decrease in fiscal 2019?
Facts: In addition, our total assets were also affected in all periods presented by the repayments of notes payable and other borrowings; Working capital and total assets decreased in fiscal 2019 primarily due to $36.1 billion of cash used for repurchases of our common stock during fiscal 2019 and also due to dividend payments, partially offset by the favorable impacts to our net current assets resulting from our fiscal 2019 net income.
Answer: Working capital and total assets decreased in fiscal 2019 primarily due to $36.1 billion of cash used for repurchases of our common stock during fiscal 2019 and also due to dividend payments, partially offset by the favorable impacts to our net current assets resulting from our fiscal 2019 net income.; In addition, our total assets were also affected in all periods presented by the repayments of notes payable and other borrowings

Question: How much was the average interest expenses in 2018 and 2019 ?
Facts: 2,025; 2,082
Derivation: (2,082 + 2,025) / 2 
Answer: 2053.5 million

Question: What was the difference in interest expenses in 2019 and 2018?
Facts: 2,025; 2,082
Derivation: 2,082 - 2,025 
Answer: 57 million

Question: What was the total maturities and repayments of senior notes in fiscal 2019 and fiscal 2018?
Facts: 2; 6
Derivation: 2+6 
Answer: 8 billion

Question: Why did interest expense increase in fiscal 2019 compared to fiscal 2018?
Facts: Interest expense increased in fiscal 2019 compared to fiscal 2018 primarily due to higher average borrowings resulting from our issuance of $10.0 billion of senior notes in November 2017, which was partially offset by a reduction in interest expense resulting primarily from the maturities and repayments of $2.0 billion of senior notes during fiscal 2019 and $6.0 billion of senior notes during fiscal 2018.
Answer: Interest expense increased in fiscal 2019 compared to fiscal 2018 primarily due to higher average borrowings resulting from our issuance of $10.0 billion of senior notes in November 2017, which was partially offset by a reduction in interest expense resulting primarily from the maturities and repayments of $2.0 billion of senior notes during fiscal 2019 and $6.0 billion of senior notes during fiscal 2018.

Question: How much was the actual and constant percentage change in interest expense?
Facts: 3%
Answer: 3%; 3%

Question: When was the financial year end?
Facts: Year Ended May 31
Answer: Year Ended May 31

Question: What do the change in cash flows from investing activities primarily relate to?
Facts: The changes in cash flows from investing activities primarily relate to our acquisitions, the timing of our purchases, maturities and sales of our investments in marketable debt securities and investments in capital and other assets, including certain intangible assets, to support our growth.
Answer: The changes in cash flows from investing activities primarily relate to our acquisitions, the timing of our purchases, maturities and sales of our investments in marketable debt securities and investments in capital and other assets, including certain intangible assets, to support our growth.

Question: Why did net cash provided by operating activities decrease during fiscal 2019 compared to fiscal 2018?
Facts: Net cash provided by operating activities decreased during fiscal 2019 compared to fiscal 2018 primarily due to certain unfavorable cash changes in working capital balances, primarily unfavorable changes associated with income taxes including the first installment payment made pursuant to the transition tax provisions of the Tax Act during fiscal 2019
Answer: Net cash provided by operating activities decreased during fiscal 2019 compared to fiscal 2018 primarily due to certain unfavorable cash changes in working capital balances, primarily unfavorable changes associated with income taxes including the first installment payment made pursuant to the transition tax provisions of the Tax Act during fiscal 2019

Question: How much net cash was used for financing activities in 2018?
Facts: $(9,982)
Answer: $(9,982) million

Question: What is the difference between the net cash provided by operating activities from 2018 to 2019?
Facts: 14,551; 15,386
Derivation: 14,551-15,386
Answer: -835 million

Question: How much was the average net cash provided by operating activities from 2018 to 2019?
Facts: 14,551; 15,386
Derivation: (15,386+14,551)/2
Answer: 14968.5 million

Question: What is the difference between the net cash used for financing activities in 2018 and 2019?
Facts: 42,056; 9,982
Derivation: (-42,056)-(-9,982)
Answer: -32074 million

Question: How much more cloud and license revenues came from the Americas as compared to Asia Pacific in 2018?
Facts: 18,030; 4,848
Derivation: (18,030 - 4,848)  
Answer: 13182 million

Question: What was the total applications revenues in 2019 and 2018?
Facts: 11,065; 11,510
Derivation: 11,510 + 11,065
Answer: 22575 million

Question: Why did the total cloud and license expense increase in fiscal 2019 compared to fiscal 2018?
Facts: In constant currency, total cloud and license expenses increased in fiscal 2019 compared to fiscal 2018 due to higher sales and marketing expenses and higher cloud services and license support expenses, each of which increased primarily due to higher employee related expenses from higher headcount and due to higher technology infrastructure expenses.
Answer: In constant currency, total cloud and license expenses increased in fiscal 2019 compared to fiscal 2018 due to higher sales and marketing expenses and higher cloud services and license support expenses, each of which increased primarily due to higher employee related expenses from higher headcount and due to higher technology infrastructure expenses.

Question: What is excluded in the calculation of expenses for the business?
Facts: Excludes stock-based compensation and certain expense allocations. Also excludes amortization of intangible assets and certain other GAAP-based expenses, which were not allocated to our operating segment results for purposes of reporting to and review by our CODMs, as further described under “Presentation of Operating Segment results and Other Financial Information” above.
Answer: Excludes stock-based compensation and certain expense allocations. Also excludes amortization of intangible assets and certain other GAAP-based expenses, which were not allocated to our operating segment results for purposes of reporting to and review by our CODMs, as further described under “Presentation of Operating Segment results and Other Financial Information” above.

Question: Why did the cloud license segments total margin increase in fiscal 2019 compared to fiscal 2018?
Facts: Excluding the effects of currency rate fluctuations, our cloud and license segment’s total margin increased in fiscal 2019 compared to fiscal 2018 primarily due to increased revenues, while total margin as a percentage of revenues decreased slightly due to expenses growth.
Answer: Excluding the effects of currency rate fluctuations, our cloud and license segment’s total margin increased in fiscal 2019 compared to fiscal 2018 primarily due to increased revenues, while total margin as a percentage of revenues decreased slightly due to expenses growth.

Question: By how many percent less did the EMEA region contribute to the constant currency revenue growth of the company as compared to the America's region in fiscal 2019?
Facts: 31; 43
Derivation: 43-31 
Answer: 12 percent

Question: Where is the performance-based award classification defined in?
Facts: these awards met the performance-based award classification criteria as defined within ASC 718.
Answer: these awards met the performance-based award classification criteria as defined within ASC 718.

Question: How does the company estimate the fair value of their stock options?
Facts: We estimated the fair values of our stock options that were solely subject to service-based vesting requirements using the Black-Scholes-Merton option-pricing model, which was developed for use in estimating the fair values of stock options.
Answer: We estimated the fair values of our stock options that were solely subject to service-based vesting requirements using the Black-Scholes-Merton option-pricing model, which was developed for use in estimating the fair values of stock options.

Question: How long was the expected term of the PSOs granted during fiscal 2018?
Facts: We estimated the fair values of the PSOs granted during fiscal 2018 at approximately $10 per share using a Monte Carlo simulation approach as of the grant date with the following assumptions: risk-free interest rate of 2.14%, expected term of seven years, expected volatility of 22.44% and dividend yield of 1.49%.
Answer: We estimated the fair values of the PSOs granted during fiscal 2018 at approximately $10 per share using a Monte Carlo simulation approach as of the grant date with the following assumptions: risk-free interest rate of 2.14%, expected term of seven years, expected volatility of 22.44% and dividend yield of 1.49%.

Question: What was the average dividend yield for the 3 years from 2017 to 2019?
Facts: 1.5; 1.7; 3
Derivation: (1.7%+1.5%+1.5%)/3
Answer: 1.57 percent

Question: What was the average risk-free interest rate over the 3 year period from 2017 to 2019?
Facts: 1.0; 2.0; 2.7; 3
Derivation: (2.7%+2.0%+1.0%)/3
Answer: 1.9 percent

Question: How many assumptions are used by the company when using the Black-Scholes-Merton option pricing model?
Facts: The expected life input is based on historical exercise patterns and post-vesting termination behavior; the annualized dividend yield input is based on the per share dividend declared by the Board; the risk-free interest rate input is based on U.S. Treasury instruments; the volatility input is calculated based on the implied volatility of our publicly traded options.
Derivation: The expected life input is based on historical exercise patterns and post-vesting termination behavior##the risk-free interest rate input is based on U.S. Treasury instruments##the annualized dividend yield input is based on the per share dividend declared by the Board##the volatility input is calculated based on the implied volatility of our publicly traded options.
Answer: 4

Question: Why does Oracle not provide for taxes on other outside basis temporary differences of foreign subsidiaries?
Facts: We do not provide for taxes on other outside basis temporary differences of foreign subsidiaries as they are considered indefinitely reinvested outside the U.S.
Answer: We do not provide for taxes on other outside basis temporary differences of foreign subsidiaries as they are considered indefinitely reinvested outside the U.S.

Question: What were the valuation allowances for 2019 related to?
Facts: Substantially all of the valuation allowances as of May 31, 2019 and 2018 related to tax assets established in purchase accounting and other tax credits.
Answer: Substantially all of the valuation allowances as of May 31, 2019 and 2018 related to tax assets established in purchase accounting and other tax credits.

Question: What are the accruals and allowances for 2019?
Facts: $541
Answer: $541 million

Question: What is the total accruals and allowances for 2019 and 2018?
Facts: 541; 567
Derivation: 541+567
Answer: 1108 million

Question: What is the total employee compensation and benefits for 2019 and 2018?
Facts: 646; 664
Derivation: 646+664
Answer: 1310 million

Question: What was the % change in the net deferred tax assets from 2018 to 2019?
Facts: 1,337; 2,432
Derivation: (2,432-1,337)/1,337
Answer: 81.9 percent

Question: What is the average approximate Dollar Value of Shares that May Yet Be Purchased Under the Program from March 1, 2019 to May 31, 2019?
Facts: 5,848.4; 7,198.4; 8,780.5
Derivation: (8,780.5+7,198.4+5,848.4) / 3 
Answer: 7275.77 million

Question: How much is the percentage decrease in total number of shares purchased from March 2019 to April 2019?
Facts: 29.1; 58.0
Derivation: (29.1-58.0)/58.0 
Answer: -49.83 percent

Question: What was the Average Price Paid per Share from March 2019 to April 2019?
Facts: 29.1; 52.93; 54.41; 58.0
Derivation: (52.93*58.0+54.41*29.1)/(58.0+29.1) 
Answer: 53.42

Question: What factors could potentially affect the pace of Oracle’s stock repurchase activities?
Facts: Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions.
Answer: Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions.

Question: When did Oracle announce the approval of expansions of the stock repurchase program by the Board of Directors?
Facts: On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion.
Answer: On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion.

Question: How does Oracle effect its stock repurchases?
Facts: Our stock repurchases may be effected from time to time through open market purchases or pursuant to a rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.
Answer: Our stock repurchases may be effected from time to time through open market purchases or pursuant to a rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.

Question: How much more was the research and development expenses in 2018 compared to 2019?
Facts: 5,063; 5,163
Derivation: 5,163 - 5,063 
Answer: 100 million

Question: What is the percentage of expenses that went towards stock-based compensation in 2019?
Facts: 6,026; 963
Derivation: 963/6,026 
Answer: 15.98 percent

Question: What was the difference in total expenses in 2019 relative to 2018?
Facts: 6,026; 6,084
Derivation: 6,026 -6,084
Answer: -58 million

Question: What is the primary component of Research and development expenses?
Facts: Research and development expenses consist primarily of personnel related expenditures.
Answer: Research and development expenses consist primarily of personnel related expenditures.

Question: Does the company intend to continue to invest significantly in Research and Development?
Facts: We intend to continue to invest significantly in our research and development efforts
Answer: We intend to continue to invest significantly in our research and development efforts

Question: Why was the total research and development expenses flat in fiscal 2019?
Facts: On a constant currency basis, total research and development expenses were flat in fiscal 2019, as lower employee related expenses including lower variable compensation were offset by an increase in stock-based compensation expenses .
Answer: On a constant currency basis, total research and development expenses were flat in fiscal 2019, as lower employee related expenses including lower variable compensation were offset by an increase in stock-based compensation expenses .

Question: By how much less did the company make in services revenues in 2019 compared to 2018?
Facts: 3,240; 3,395
Derivation: 3,395 - 3,240 
Answer: 155 million

Question: How much less was the total margin in 2019 then in 2018?
Facts: 537; 666
Derivation: 666-537 
Answer: 129 million

Question: What was the difference in percentage revenues by geography in the EMEA relative to the Asia Pacific in 2019?
Facts: 20; 31
Derivation: 31-20 
Answer: 11 million

Question: How much was the constant percentage change and the actual percentage change in total expenses?
Facts: -1%; 2%
Answer: 2%; -1% percent

Question: What make up the company's cost of providing services?
Facts: The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses.
Answer: The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses.

Question: Why did the total services revenue decrease in fiscal 2019 relative to fiscal 2018?
Facts: Excluding the effects of currency rate fluctuations, our total services revenues decreased in fiscal 2019 relative to fiscal 2018 primarily due to revenue declines in our education services and, to a lesser extent, our consulting services.
Answer: Excluding the effects of currency rate fluctuations, our total services revenues decreased in fiscal 2019 relative to fiscal 2018 primarily due to revenue declines in our education services and, to a lesser extent, our consulting services.

Question: How much more hardware revenues came from the Americas as compared to Asia Pacific in 2018? 
Facts: 2,003; 790
Derivation: 2,003 - 790
Answer: 1213 million

Question: What was the sales and marketing expenses in 2019 and 2018?
Facts: 520; 643
Derivation: 520 + 643 
Answer: 1163 million

Question: What was the difference in total margin comparing fiscal 2019 and 2018?
Facts: 1,804; 1,857
Derivation: 1,857 - 1,804
Answer: 53 million

Question: How much was the constant percentage change and the actual percentage change in total margin ?
Facts: 3%; 6%
Answer: 6%; 3% percent

Question: What are the components that make up the company's hardware business' revenues?
Facts: Our hardware business’ revenues are generated from the sales of our Oracle Engineered Systems, server, storage, and industry-specific hardware products.
Answer: Our hardware business’ revenues are generated from the sales of our Oracle Engineered Systems, server, storage, and industry-specific hardware products.

Question: Why did the total hardware expense decrease in fiscal 2019 compared to fiscal 2018?
Facts: Excluding the effects of currency rate fluctuations, total hardware expenses decreased in fiscal 2019 compared to fiscal 2018 primarily due to lower hardware products and support costs and lower sales and marketing employee related expenses, all of which aligned to lower hardware revenues.
Answer: Excluding the effects of currency rate fluctuations, total hardware expenses decreased in fiscal 2019 compared to fiscal 2018 primarily due to lower hardware products and support costs and lower sales and marketing employee related expenses, all of which aligned to lower hardware revenues.

Question: What do cash and cash equivalents primarily consist of?
Facts: Cash and cash equivalents primarily consist of deposits held at major banks, Tier-1 commercial paper debt securities and other securities with original maturities of 90 days or less.
Answer: Cash and cash equivalents primarily consist of deposits held at major banks, Tier-1 commercial paper debt securities and other securities with original maturities of 90 days or less.

Question: Why are purchases of marketable debt securities limited to investment-grade securities?
Facts: we limit purchases of marketable debt securities to investment-grade securities, which have high credit ratings and also limit the amount of credit exposure to any one issuer. As stated in our investment policy, we are averse to principal loss and seek to preserve our invested funds by limiting default risk and market risk.
Answer: we limit purchases of marketable debt securities to investment-grade securities, which have high credit ratings and also limit the amount of credit exposure to any one issuer. As stated in our investment policy, we are averse to principal loss and seek to preserve our invested funds by limiting default risk and market risk.

Question: What was the total investment amount in 2018?
Facts: $52,449
Answer: $52,449 million

Question: What is the amount of marketable investment securities that will mature within one year by 2020?
Facts: 17,313; 33
Derivation: 33%*17,313
Answer: 5713.29 million

Question: What is the investments classified as cash equivalents as a percentage of the total investments in 2019?
Facts: 10,629; 27,942
Derivation: (10,629/27,942)
Answer: 38.04 percent

Question: What was the percentage change in the money market funds from 2018 to 2019?
Facts: 5,700; 6,500
Derivation: (5,700-6,500)/6,500
Answer: -12.31 percent

Question: What was the percentage change in "increases related to tax positions taken during current fiscal year" from 2017 to 2018?
Facts: 595; 840
Derivation: (840-595)/595 
Answer: 41.18 percent

Question: What percentage of the gross unrecognized tax benefits as of June 1 in 2019 would affect the company's effective tax rate if recognised?
Facts: 4.2; 5,592
Derivation: 4.2 billion / 5,592 million 
Answer: 75.11 percent

Question: What was the total interest and penalties accrued as of May 31, 2019 and 2018 in millions?
Facts: 1.3; 992
Derivation: 1.3 billion + 992 million 
Answer: 2292 million

Question: Does oracle believe that the gross unrecognized tax benefits could decrease?
Facts: We believe that it was reasonably possible that, as of May 31, 2019, the gross unrecognized tax benefits could decrease (whether by payment, release, or a combination of both) by as much as $186 million ($87 million net of offsetting tax benefits) in the next 12 months related primarily to transfer pricing
Answer: We believe that it was reasonably possible that, as of May 31, 2019, the gross unrecognized tax benefits could decrease (whether by payment, release, or a combination of both) by as much as $186 million ($87 million net of offsetting tax benefits) in the next 12 months related primarily to transfer pricing

Question: What areas are being examined by the US federal and state taxing authorities, internationally and domestically?
Facts: Domestically, U.S. federal and state taxing authorities are currently examining income tax returns of Oracle and various acquired entities for years through fiscal 2017; Internationally, tax authorities for numerous non-U.S. jurisdictions are also examining returns affecting our unrecognized tax benefits.
Answer: Domestically, U.S. federal and state taxing authorities are currently examining income tax returns of Oracle and various acquired entities for years through fiscal 2017; Internationally, tax authorities for numerous non-U.S. jurisdictions are also examining returns affecting our unrecognized tax benefits.

Question: How does oracle classify its unrecognized tax benefits?
Facts: We classify our unrecognized tax benefits as either current or non-current income taxes payable in the accompanying consolidated balance sheets
Answer: We classify our unrecognized tax benefits as either current or non-current income taxes payable in the accompanying consolidated balance sheets

Question: How much was the average effective tax rate in 2018 and 2019?
Facts: 71.1; 9.7
Derivation: (9.7+71.1) / 2 
Answer: 40.4 percent

Question: By how much less was the provision for income taxes in 2019 compared to 2018?
Facts: 1,185; 8,837
Derivation: 8,837 - 1,185 
Answer: 7652 million

Question: How much was the total provision for income taxes across 2018 and 2019?
Facts: 1,185; 8,837
Derivation: 1,185 + 8,837 
Answer: 10022 million

Question: Which section of the Tax Act is most significant to Oracle?
Facts: Impacts of the U.S. Tax Cuts and Jobs Act of 2017
Answer: Impacts of the U.S. Tax Cuts and Jobs Act of 2017

Question: What are some reasons provided for possible adverse impact on effective income tax rates?
Facts: Future effective income tax rates could be adversely affected by an unfavorable shift of earnings weighted to jurisdictions with higher tax rates, by unfavorable changes in tax laws and regulations, by adverse rulings in tax related litigation, or by shortfalls in stock-based compensation realized by employees relative to stock-based compensation that was recorded for book purposes, among others.
Answer: Future effective income tax rates could be adversely affected by an unfavorable shift of earnings weighted to jurisdictions with higher tax rates, by unfavorable changes in tax laws and regulations, by adverse rulings in tax related litigation, or by shortfalls in stock-based compensation realized by employees relative to stock-based compensation that was recorded for book purposes, among others.

Question: Why did the company's provision for income taxes not decrease as much in fiscal 2019 as expected?
Facts: These decreases to our provision for income taxes in fiscal 2019 relative to fiscal 2018 were partially offset both by lower excess tax benefits related to stock-based compensation expense in fiscal 2019, and by less favorable changes in net unrecognized tax benefits due to settlements with tax authorities and other events in fiscal 2019 relative to fiscal 2018.
Answer: These decreases to our provision for income taxes in fiscal 2019 relative to fiscal 2018 were partially offset both by lower excess tax benefits related to stock-based compensation expense in fiscal 2019, and by less favorable changes in net unrecognized tax benefits due to settlements with tax authorities and other events in fiscal 2019 relative to fiscal 2018.

Question: Why did the company's provision for income taxes for fiscal 2019 vary from the 21% U.S. statutory rate imposed by the Tax Act?
Facts: Our provision for income taxes for fiscal 2019 varied from the 21% U.S. statutory rate imposed by the Tax Act primarily due to earnings in foreign operations, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation, the Foreign Derived Intangible Income deduction, the tax effect of GILTI, and a reduction to our transition tax recorded consistent with the provision of SAB 118.
Answer: Our provision for income taxes for fiscal 2019 varied from the 21% U.S. statutory rate imposed by the Tax Act primarily due to earnings in foreign operations, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation, the Foreign Derived Intangible Income deduction, the tax effect of GILTI, and a reduction to our transition tax recorded consistent with the provision of SAB 118.

Question: Why did the company's provision for income taxes for fiscal 2018 vary from the 21% U.S. statutory rate imposed by the Tax Act?
Facts: Our provision for income taxes for fiscal 2018 varied from the 21% U.S. statutory rate imposed by the Tax Act primarily due to the impacts of the Tax Act upon adoption, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation and the U.S. domestic production activity deduction.
Answer: Our provision for income taxes for fiscal 2018 varied from the 21% U.S. statutory rate imposed by the Tax Act primarily due to the impacts of the Tax Act upon adoption, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation and the U.S. domestic production activity deduction.

Question: What was the company's domestic income for fiscal year 2018?
Facts: $3,366
Answer: $3,366 million

Question: What was the average domestic income for the 3 year period from 2017 to 2019?
Facts: 3,366; 3,674; 3,774
Derivation: (3,774+3,366+3,674)/3
Answer: 3604.67 million

Question: What was the average total income before provision of income taxes for the 3 year period from 2017 to 2019?
Facts: 11,680; 12,268; 12,424
Derivation: (12,268+12,424+11,680)/3
Answer: 12124 million

Question: What is the % change in the foreign income from 2017 to 2018, in billions?
Facts: 8,006; 9,058
Derivation: (9,058-8,006)/8,006
Answer: 13.14 percent

Question: How much was the average interest income in 2018 and 2019?
Facts: 1,092; 1,203
Derivation: (1,092+1,203) / 2 
Answer: 1147.5 million

Question: What was the difference in other income, net in 2019 and 2018?
Facts: 14; 191
Derivation: 191 -(-14) 
Answer: 205 million

Question: How much was the total amount of foreign currency losses, net and interest income across 2018 and 2019?
Facts: 1,092; 1,203; 111; 74
Derivation: 1,092 + 1,203 - 111 - 74 
Answer: 2110 million

Question: What is included in non-operating income?
Facts: Non-operating income, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan) and net other income, including net recognized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to certain equity securities and non-service net periodic pension income (losses).
Answer: Non-operating income, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan) and net other income, including net recognized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to certain equity securities and non-service net periodic pension income (losses).

Question: What are two of Oracle's majority-owned subsidiaries?
Facts: Oracle Financial Services Software Limited and Oracle Corporation Japan
Answer: Oracle Financial Services Software Limited and Oracle Corporation Japan

Question: Why did Oracle's interest income in fiscal 2019 decrease?
Facts: lower interest income in fiscal 2019 primarily due to lower average cash, cash equivalent and marketable securities balances during fiscal 2019 .
Answer: lower interest income in fiscal 2019 primarily due to lower average cash, cash equivalent and marketable securities balances during fiscal 2019 .

Question: How does the cost build-up approach determine fair value?
Facts: The cost build-up approach determines fair value by estimating the costs related to fulfilling the obligations plus a normal profit margin.
Answer: The cost build-up approach determines fair value by estimating the costs related to fulfilling the obligations plus a normal profit margin.

Question: When are deferred services revenue recognized?
Facts: Deferred services revenues include prepayments for our services business and revenues for these services are generally recognized as the services are performed.
Answer: Deferred services revenues include prepayments for our services business and revenues for these services are generally recognized as the services are performed.

Question: How did the fair value adjustments recorded for obligations affect the cloud services and license support deferred revenue balances?
Facts: These aforementioned fair value adjustments recorded for obligations assumed from our acquisitions reduced the cloud services and license support deferred revenues balances that we recorded as liabilities from these acquisitions
Answer: These aforementioned fair value adjustments recorded for obligations assumed from our acquisitions reduced the cloud services and license support deferred revenues balances that we recorded as liabilities from these acquisitions

Question: What is the current deferred revenue in 2019 as a percentage of total deferred revenue?
Facts: 8,374; 9,043
Derivation: 8,374/9,043 
Answer: 92.6 percent

Question: What is the average cloud services and license support deferred revenue from 2018 to 2019?
Facts: 7,265; 7,340
Derivation: (7,265+7,340)/2
Answer: 7302.5 million

Question: What is the difference in the total deferred revenues from 2018 to 2019?
Facts: 8,966; 9,043
Derivation: 9,043-8,966
Answer: 77 million

Question: What does the unaudited pro forma financial information summarize?
Facts: The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle, Aconex and certain other companies that we acquired since the beginning of fiscal 2018 that were considered relevant for the purposes of unaudited pro forma financial information disclosure as if the companies were combined as of the beginning of fiscal 2018.
Answer: The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle, Aconex and certain other companies that we acquired since the beginning of fiscal 2018 that were considered relevant for the purposes of unaudited pro forma financial information disclosure as if the companies were combined as of the beginning of fiscal 2018.

Question: How much was the total revenue in 2019?
Facts: 39,512
Answer: 39,512 million

Question: How much were the basic earnings per share in 2018?
Facts: $0.85
Answer: $0.85

Question: What was the average basic earnings per share over a 2 year period from 2018 to 2019?
Facts: 0.85; 3.05
Derivation: (3.05+0.85)/2 
Answer: 1.95

Question: What was the average total revenue over a 2 year period from 2018 to 2019?
Facts: 39,512; 39,546
Derivation: (39,512+ 39,546)/2 
Answer: 39529 million

Question: What was the average diluted earnings per share over a 2 year period from 2018 to 2019?
Facts: 0.83; 2.97
Derivation: (0.83+2.97)/2
Answer: 1.9

Question: What was the percentage change in hardware revenues from 2017 to 2018?
Facts: 3,994; 4,152
Derivation: (3,994-4,152)/4,152 
Answer: -3.81 percent

Question: How much was the total revenue for cloud and license business and services business in 2019?
Facts: 3,240; 32,582
Derivation: 3,240+32,582 
Answer: 35822 million

Question: What was the difference in total expenses in 2019 and 2017?
Facts: 14,755; 15,545
Derivation: 15,545 - 14,755 
Answer: 790 million

Question: Do the margins reported reflect amortization of intangible assets?
Facts: Additionally, the margins reported above do not reflect amortization of intangible assets
Answer: Additionally, the margins reported above do not reflect amortization of intangible assets

Question: Why were revenues related to cloud and license obligations not recognized in the consolidated statements of operations for the periods presented?
Facts: Cloud and license revenues presented for management reporting included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our consolidated statements of operations for the periods presented due to business combination accounting requirements
Answer: Cloud and license revenues presented for management reporting included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our consolidated statements of operations for the periods presented due to business combination accounting requirements

Question: Which note can one refer to for an explanation of adjustments made?
Facts: See Note 9 for an explanation of these adjustments and the table below for a reconciliation of our total operating segment revenues to our total consolidated revenues as reported in our consolidated statements of operations
Answer: See Note 9 for an explanation of these adjustments and the table below for a reconciliation of our total operating segment revenues to our total consolidated revenues as reported in our consolidated statements of operations

Question: How much was the research and development and restructuring expenses in 2019?
Facts: 443; 6,026
Derivation: 6,026+443 
Answer: 6469 million

Question: How much was the percentage change in total revenues from 2017 to 2019?
Facts: 37,792; 39,506
Derivation: (39,506-37,792)/37,792 
Answer: 4.54 percent

Question: How much more was spent on interest expense than on stock-based compensation for operating segments in 2018?
Facts: 2,025; 505
Derivation: 2,025-505 
Answer: 1520 million

Question: Which month was the financial year end?
Facts: May
Answer: May

Question: Does the values in the table represent values before or after provision of income taxes?
Facts: The following tabl e reconciles total operating segment revenues to total revenues as well as total operating segment margin to income before provision for income taxes
Answer: The following tabl e reconciles total operating segment revenues to total revenues as well as total operating segment margin to income before provision for income taxes

Question: What was the amortization of intangible assets for 2019 and 2017?
Facts: 1,451; 1,689
Answer: 1,689; 1,451 million

Question: By how much less did the company spend for stock-based compensation in 2019 compared to 2018?
Facts: 172; 180
Derivation: 180 -172 
Answer: 8 million

Question: What is the average total expenses in 2018 and 2019?
Facts: 1,265; 1,282
Derivation: (1,282 + 1,265)/2 
Answer: 1273.5 million

Question: What was the average general and administrative expenses for 2019 and 2018? 
Facts: 1,093; 1,102
Derivation: (1,093 + 1,102) / 2 
Answer: 1097.5 million

Question: Which month did the financial year end in 2019?
Facts: Year Ended May 31
Answer: Year Ended May 31

Question: What are the components of general and administrative expenses?
Facts: General and administrative expenses primarily consist of personnel related expenditures for IT, finance, legal and human resources support functions; and professional services fees.
Answer: General and administrative expenses primarily consist of personnel related expenditures for IT, finance, legal and human resources support functions; and professional services fees.

Question: Why did total general and administrative expenses increase in fiscal 2019 relative to fiscal 2018?
Facts: Excluding the effects of currency rate fluctuations, total general and administrative expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to increased professional services fees
Answer: Excluding the effects of currency rate fluctuations, total general and administrative expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to increased professional services fees

Question: How many PSUs were granted in fiscal 2019?
Facts: No PSUs were granted in each of fiscal 2019 and 2018.
Answer: No PSUs were granted in each of fiscal 2019 and 2018.

Question: How many PSUs remained outstanding as of May 31, 2019?
Facts: In fiscal 2019, 2.4 million PSUs vested and 1.3 million PSUs remained outstanding as of May 31, 2019.
Answer: In fiscal 2019, 2.4 million PSUs vested and 1.3 million PSUs remained outstanding as of May 31, 2019.

Question: When does the company's fiscal year end?
Facts: May 31
Answer: May 31

Question: How many shares were granted over the 3 year period from 2017 to 2019 ?
Facts: 42; 44; 53
Derivation: (42+44+53)
Answer: 139 million

Question: What is the average total grant date fair value of restricted stock-based awards that were vested and issued in fiscal 2019, 2018 and 2017, in millions?
Facts: 1.0; 1.3; 3; 715
Derivation: (($1.3 billion +$1.0 billion +$715 million)/3)
Answer: 1005 million

Question: What is the total grant date fair value of restricted stock-based awards that were granted in fiscal 2019?
Facts: 42.47; 53
Derivation: 53*42.47
Answer: 2250.91 million

Question: How is basic earnings per share calculated?
Facts: Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period.
Answer: Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period.

Question: Does the table show the calculations for basic or diluted earnings per share, or both?
Facts: The following table sets forth the computation of basic and diluted earnings per share
Answer: The following table sets forth the computation of basic and diluted earnings per share

Question: Which note should be referred to for information regarding the exercise prices of the company's outstanding, unexercised stock options?
Facts: See Note 13 for information regarding the exercise prices of our outstanding, unexercised stock options.
Answer: See Note 13 for information regarding the exercise prices of our outstanding, unexercised stock options.

Question: By how much did net income change from 2018 to 2019?
Facts: 11,083; 3,587
Derivation: 11,083-3,587 
Answer: 7496 million

Question: In 2019, how much more was the basic earnings per share than the diluted earnings per share?
Facts: 2.97; 3.05
Derivation: 3.05-2.97 
Answer: 0.08

Question: What was the percentage change in dilutive effect of employee stock plans from 2017 to 2018?
Facts: 102; 117
Derivation: (117-102)/102 
Answer: 14.71 percent

Question: How much was the average total acquisition related and other expenses in 2018 and 2019?
Facts: 44; 52
Derivation: (44+52) / 2 
Answer: 48 million

Question: What was the difference between the transitional and other employee related costs in 2019 and 2018?
Facts: 48; 49
Derivation: 49-48 
Answer: 1 million

Question: What was the total amount spent on transitional and other employee related costs and professional fees and other, net in 2019?
Facts: 16; 49
Derivation: 49 + 16 
Answer: 65 million

Question: What is included in stock-based compensation expenses?
Facts: Stock-based compensation expenses included in acquisition related and other expenses resulted from unvested restricted stock-based awards and stock options assumed from acquisitions whereby vesting was accelerated generally upon termination of the employees pursuant to the original terms of those restricted stock-based awards and stock options
Answer: Stock-based compensation expenses included in acquisition related and other expenses resulted from unvested restricted stock-based awards and stock options assumed from acquisitions whereby vesting was accelerated generally upon termination of the employees pursuant to the original terms of those restricted stock-based awards and stock options

Question: How much was the actual and constant percentage change in professional fees and other, net?
Facts: 373%; 426%
Answer: 373%; 426% percent

Question: Why did acquisition related and other expenses decrease in fiscal 2019 compared to fiscal 2018?
Facts: acquisition related and other expenses decreased in fiscal 2019 compared to fiscal 2018 primarily due to certain favorable business combination related adjustments that were recorded in fiscal 201 9 .
Answer: acquisition related and other expenses decreased in fiscal 2019 compared to fiscal 2018 primarily due to certain favorable business combination related adjustments that were recorded in fiscal 201 9 .