Table of Contents

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 11-K

 

(Mark One)

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2018

 

OR

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  

 

For the transition period from                      to                     

 

Commission file number 001-35992

 

A.

Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

ORACLE CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

 

B.

Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

 

ORACLE CORPORATION

500 Oracle Parkway

Redwood City, California 94065

 

 


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Financial Statements and Supplemental Schedule

 

 

Table of Contents

 

 

 

 

 

 


Table of Contents

Report of Independent Registered Public Accounting Firm

 

To the participants and Plan Committee of the Oracle Corporation 401(k) Savings and Investment Plan

 

Opinion on the Financial Statements

 

We have audited the accompanying statements of net assets available for benefits of Oracle Corporation 401(k) Savings and Investment Plan (the “Plan”) as of December 31, 2018 and 2017, and the related statement of changes in net assets available for benefits for the year ended December 31, 2018 and the related notes and schedules (collectively referred to as the financial statements ). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of Oracle Corporation 401(k) Savings and Investment Plan as of December 31, 2018 and 2017, and the changes in net assets available for benefits for the year ended December 31, 2018, in conformity with accounting principles generally accepted in the United States of America.

 

Basis for Opinion

 

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to Oracle Corporation 401(k) Savings and Investment Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to error or fraud. Oracle Corporation 401(k) Savings and Investment Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purposes of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

 

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

Supplemental Information

 

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2018 has been subjected to audit procedures performed in conjunction with the audit of Oracle Corporation 401(k) Savings and Investment Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

 

/s/ SENSIBA SAN FILIPPO LLP

 

We have served as Oracle Corporation 401(k) Savings and Investment Plan’s auditor since 2004.

 

San Mateo, California

May 17, 2019


1


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Statements of Net Assets Available for Benefits

As of December 31, 2018 and 2017

 

 

 

December 31,

 

(in thousands)

 

2018

 

 

2017

 

Assets

 

 

 

 

 

 

 

 

Cash

 

$

638

 

 

$

11,963

 

Investments, at fair value

 

 

13,434,378

 

 

 

14,566,634

 

Investments, at contract value

 

 

804,054

 

 

 

763,692

 

Receivables:

 

 

 

 

 

 

 

 

Notes receivable from participants

 

 

84,444

 

 

 

86,132

 

Participant contributions

 

 

13,856

 

 

 

12,397

 

Employer contributions

 

 

4,492

 

 

 

4,338

 

Other receivables

 

 

7,066

 

 

 

6,218

 

Total receivables

 

 

109,858

 

 

 

109,085

 

Total assets

 

 

14,348,928

 

 

 

15,451,374

 

Liabilities

 

 

 

 

 

 

 

 

Excess deferrals due to participants

 

 

313

 

 

 

257

 

Other liabilities

 

 

2,554

 

 

 

6,784

 

Total liabilities

 

 

2,867

 

 

 

7,041

 

Net assets available for benefits

 

$

14,346,061

 

 

$

15,444,333

 

 

 

See notes to financial statements.

2


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Statement of Changes in Net Assets Available for Benefits

For the Year Ended December 31, 2018

 

 

(in thousands)

 

 

 

 

Additions

 

 

 

 

Interest, dividends and other income

 

$

214,324

 

Net depreciation in fair values of investments

 

 

(1,036,853

)

Total investment losses, net

 

 

(822,529

)

Contributions:

 

 

 

 

Participants

 

 

595,787

 

Employer

 

 

150,812

 

Rollovers

 

 

151,074

 

Total contributions

 

 

897,673

 

Total additions, net

 

 

75,144

 

Deductions

 

 

 

 

Benefits paid to participants

 

 

1,171,744

 

Administrative expenses

 

 

1,672

 

Total deductions

 

 

1,173,416

 

Net decrease

 

 

(1,098,272

)

Net assets available for benefits at beginning of year

 

 

15,444,333

 

Net assets available for benefits at end of year

 

$

14,346,061

 

 

 

See notes to financial statements.

 

 

3


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements

December 31, 2018

1.

DESCRIPTION OF THE PLAN

The following description of the Oracle Corporation 401(k) Savings and Investment Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

 

General

The Plan is a defined contribution plan originally established in 1986 that has since been amended and for which Oracle Corporation (Oracle) is the current sponsor. The Plan was established for the purpose of providing retirement benefits for the U.S. employees of Oracle and its subsidiaries. The Plan is intended to qualify as a profit sharing plan under Section 401(a) of the Internal Revenue Code of 1986, as amended (the Code), with a salary reduction feature qualified under Section 401(k) of the Code. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan is administered by the 401(k) Committee, members of which are appointed by the Compensation Committee of Oracle’s Board of Directors or the Executive Vice President, Human Resources. Fidelity Management Trust Company is the directed trustee of the Plan; Fidelity Investments Institutional Operations Company, Inc. (Fidelity) serves as the record keeper to maintain the individual accounts of each of the Plan’s participants.

 

Eligibility

All employees regularly scheduled to work a minimum of 20 hours per week or 1,000 hours in a Plan year on the domestic payroll of Oracle and its subsidiaries that have adopted the Plan are eligible to participate in the Plan as of the first date, or any succeeding entry date following the date the employee is credited with one hour of service with Oracle. However, the following employees or classes of employees are not eligible to participate: (i) employees whose compensation and conditions of employment are subject to determination by collective bargaining; (ii) employees who are non-resident aliens and who received no earned income (within the meaning of the Code) from Oracle; (iii) workers who are performing services at an Oracle facility as an employee of a third-party entity that is not an employment agency; (iv) employees of employment agencies; and (v) persons who are not classified as employees for tax purposes.

 

Contributions

Each year, participants may contribute up to 40% of their eligible compensation as defined by the Plan document. Annual participant contribution amounts are limited to $18,500 of salary deferrals for the year ended December 31, 2018 ($24,500 for participants 50 years old and older), as determined by the Internal Revenue Service (IRS). Salary deferrals consist of pre-tax and/or Roth 401(k) contributions. Participants may also contribute up to 20% of their eligible compensation, subject to certain annual dollar limitations, on a post-tax basis.

Oracle matches 50% of an active participant’s salary deferrals up to a maximum deferral of 6% of compensation for the pay period, with maximum aggregate matching of $5,100 in any calendar year. Oracle has the right, under the Plan, to discontinue or modify its matching contributions at any time. Participants may also contribute amounts representing distributions from other qualified plans. All of Oracle’s matching contributions are made in cash on a pre-tax basis.

 

Investment Options

Participants direct the investment of their contributions and Oracle’s matching contributions into various investment options offered by the Plan. The Plan currently offers investments in Oracle’s common stock, common/collective trust funds, mutual funds, separately managed account funds (including a stable value fund) and Brokerage Link. Brokerage Link balances consist of the mutual funds offered by the Plan, as well as mutual funds offered by other registered investment companies, common stock or other investment products.

 

Participant Accounts

Each participant’s account is credited with the participant’s and Oracle’s contributions and allocations of Plan earnings. All amounts in participant accounts are participant directed.

 

4


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2018

Vesting

All elective contributions made by participants and earnings on those contributions are 100% vested at all times. Participants’ vesting in Oracle’s matching contributions is based on years of service. Participants are 25% vested after one year of service and vest an additional 25% on each successive service anniversary date, becoming 100% vested after four years of service.

Participants forfeit the nonvested portion of their accounts in the Plan upon termination of employment with Oracle. Forfeited balances of terminated participants’ nonvested accounts may be used at Oracle’s discretion, as outlined in the Plan, to reduce its matching contribution obligations. During the year ended December 31, 2018, Oracle used $7,500,000 of forfeited balances to reduce its matching contribution obligations. The amounts of unallocated forfeitures at December 31, 2018 and 2017 were approximately $735,000 and $822,000, respectively.

 

Notes Receivable from Participants

Participants may borrow from their fund accounts a minimum of $1,000 and up to a maximum of $50,000 or 50% of their vested account balance, whichever is less. Loan terms may not exceed five years unless the loan is used to purchase a participant’s principal residence, in which case repayment terms may not exceed 10 years. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing lending rates determined by the 401(k) Committee. Principal and interest is paid ratably through payroll deductions, and participants may elect to submit additional payments outside of payroll deductions in order to reduce principal loan balances on an accelerated basis. Loans are generally due in full within 90 days of termination with Oracle unless the participant arranges for loan repayments to continue via monthly debit from a checking or savings account in a bank located in the United States.

Payment of Benefits

Upon termination of service, death, disability, or normal or early retirement, participants may elect to receive a lump-sum amount equal to the vested value of their account or may waive receipt of a lump sum benefit and elect to receive monthly, quarterly or annual installments, a partial distribution, or may request a rollover from the Plan to another eligible retirement plan. Failure of a participant to make an election of one of these options within 60 days is deemed to be an election to defer commencement of payment. If the participant’s account is valued at $1,000 or less, the amount is distributed in a lump sum. Distributions of investments in Oracle’s common stock may be taken in the form of common stock. Hardship withdrawals are permitted if certain criteria are met.

 

Investment Management Fees and Operating Expenses

Investment management fees and operating expenses charged to the Plan for investments in the various funds are deducted from income earned on a daily basis and are reflected as a component of net appreciation (depreciation) in fair values of investments.

 

Administrative Expenses

Administrative expenses are borne by Oracle, except for fees related to administration of participant loans and certain withdrawal transactions, which are deducted from the applicable participant’s accounts. Oracle, at its discretion, may also choose to utilize forfeited balances of terminated participants’ nonvested accounts to pay for reasonable expenses related to the administration of the Plan. Effective April 1, 2018, the use of available revenue sharing (based on a revenue sharing agreement between Oracle and Fidelity) to pay for Plan expenses was discontinued.  Revenue credits generated by the Plan for certain investment fund options are now reallocated back to those Plan participants who invested in those fund options.

 

Plan Termination

Although it has not expressed any intent to do so, Oracle has the right, under provisions of the Plan, to terminate the Plan, subject to the provisions of ERISA. In the event of the Plan’s termination, participants will become 100% vested in their accounts.

 

5


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2018

2.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting and Presentation

The accompanying financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (GAAP). The preparation of financial statements in conformity with GAAP requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes and supplemental schedule. Actual results could differ from those estimates.

 

Investments Valuation and Income Recognition

The Plan’s investments are generally stated at their fair values with the exception of the Galliard Stable Value Fund (a separately-managed account fund investment), which is stated at its contract value in the statements of net assets available for benefits at December 31, 2018 and 2017. The shares of registered investment companies (mutual funds) are valued at quoted market prices. The money market funds are valued at cost plus accrued interest, which approximated fair values. Common stock, including Oracle’s common stock, is traded on a national securities exchange and is valued at the last reported sales price on the last day of the Plan year. The valuation techniques used to measure the fair values of the common/collective trust funds with significant balances as of December 31, 2018 are included in Note 4 below.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date.

The Oracle Stock Fund (the Fund) is tracked on a unitized basis, which allows for daily trades. The Fund consists of Oracle common stock and investment in the Fidelity Investments Money Market Government Portfolio sufficient to meet the Fund’s daily cash needs. The value of a unit reflects the combined market value of Oracle common stock and the cash investments held by the Fund. At December 31, 2018 and 2017, 2,058,319 units with a value of $350.12 per unit and 2,313,067 units with a value of $360.56 per unit were outstanding, respectively.

 

Fair Value Measurements

The Plan performs fair value measurements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification 820, Fair Value Measurement (ASC 820). Refer to Note 3 for the fair value measurement disclosures associated with the Plan’s investments.

 

Risks and Uncertainties

The Plan provided for various investment options in common stock, registered investment companies (mutual funds), common/collective trusts, separately-managed account funds (including a stable value fund) and short-term investments. The Plan’s exposure to credit losses in the event of nonperformance of investments is limited to the carrying value of such investments. Investment securities, in general, are exposed to various risks, such as risk of foreign currency fluctuations relative to the U.S. Dollar, interest rate risk, credit risk, and overall market volatility risk. During the year ended December 31, 2018, net depreciation in fair values of investments totaled $1.0 billion. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits, participant account balances and the statement of changes in net assets available for benefits.

 

 

6


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2018

3.

FAIR VALUE MEASUREMENTS

The Plan performs fair value measurements in accordance with the guidance provided by ASC 820. ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at their fair values, the Plan considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the assets or liabilities, such as inherent risk, transfer restrictions, and risk of nonperformance.

ASC 820 establishes a fair value hierarchy that requires the Plan to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value:

 

Level 1:  quoted prices in active markets for identical assets or liabilities;

 

Level 2:  inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or

 

Level 3:  unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.

 

Investments Measured at Fair Value on a Recurring Basis

Investments measured at fair value on a recurring basis consisted of the following types of instruments (Level 1 and 2 inputs are defined above):

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Fair Value Measurements

Using Input Types

 

 

 

 

 

 

Fair Value Measurements

Using Input Types

 

 

 

 

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

Money market funds

 

$

298,115

 

 

$

 

 

$

298,115

 

 

$

208,606

 

 

$

 

 

$

208,606

 

Oracle Corporation and other common stock

 

 

1,564,359

 

 

 

 

 

 

1,564,359

 

 

 

1,729,843

 

 

 

 

 

 

1,729,843

 

Mutual funds

 

 

2,375,570

 

 

 

 

 

 

2,375,570

 

 

 

2,921,731

 

 

 

 

 

 

2,921,731

 

Corporate securities and others

 

 

33,927

 

 

 

4,020

 

 

 

37,947

 

 

 

17,287

 

 

 

4,067

 

 

 

21,354

 

Total investments measured at fair value

 

$

4,271,971

 

 

$

4,020

 

 

$

4,275,991

 

 

$

4,877,467

 

 

$

4,067

 

 

$

4,881,534

 

Common/collective trust funds measured at net asset value

 

 

 

 

 

 

 

 

 

 

9,158,387

 

 

 

 

 

 

 

 

 

 

 

9,685,100

 

Total investments

 

 

 

 

 

 

 

 

 

$

13,434,378

 

 

 

 

 

 

 

 

 

 

$

14,566,634

 

 

The Plan’s valuation techniques used to measure the fair values of money market funds, common stock, mutual funds and corporate securities and others that were classified as Level 1 in the table above were derived from quoted market prices as substantially all of these instruments have active markets. Our Level 2 instruments are valued based on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar securities, the securities are valued using a discounted cash flow approach that maximizes observable inputs, such as current yields of similar instruments, but includes adjustments for certain risks that may not be observable, such as credit and liquidity risks. A description of the valuation techniques used to measure the fair values of common/collective trust funds and separately-managed account fund investments with significant balances as of December 31, 2018 and 2017 are included

7


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2018

in Note 4 below. Redemption for common collective trust funds is permitted daily with no restrictions and same-day or one-day notice periods and there are no unfunded commitments.

 

4.

COMPOSITION AND VALUATION METHODS OF CERTAIN PLAN INVESTMENTS

Fidelity Commingled Funds

The Plan held investments in Fidelity Contrafund Commingled Pool, Fidelity Growth Company Commingled Pool and Fidelity Low-Priced Stock Commingled Pool as of December 31, 2018 and 2017 (collectively, the Fidelity Commingled Funds). The Fidelity Commingled Funds are common/collective trust funds managed by Fidelity Management Trust Company. Fidelity Fund and Investment Operations, an affiliate of Fidelity Management Trust Company, determines the fair values of the Fidelity Commingled Funds on a daily basis using the net asset value (NAV) of units held of the commingled funds. The NAV is based on the fair value of the underlying investments held by each commingled fund less its liabilities. The fair value of the underlying investments is generally derived from the quoted prices in active markets of the underlying securities as substantially all of the underlying investments have active markets.

 

Vanguard Trusts

The Plan held investments in certain Vanguard Institutional Index Trusts and certain Vanguard Target Retirement Trusts (collectively, the Vanguard Trusts), which are more specifically listed in Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year) as of December 31, 2018 and 2017. The Vanguard Trusts are common/collective trust funds sponsored and maintained by Vanguard Fiduciary Trust Company. The trustee, Vanguard Fiduciary Trust Company, generally determines the fair values of the Vanguard Trusts’ units each day the New York Stock Exchange is open for trading. The underlying investments of the Vanguard Trusts are valued based on quoted market prices as substantially all of these underlying investments have active markets. The values of the Vanguard Trusts are determined based upon the values of these underlying investments held for benefit of the Vanguard Trusts less any liabilities. 

 

Galliard Stable Value Fund

During the years ended December 31, 2018 and 2017, the Plan held investments in Galliard Stable Value Fund (Galliard Fund). The Galliard Fund is exclusively managed for the Plan by Galliard Capital Management, Inc. The Galliard Fund primarily invests in common/collective trust funds in the Plan’s name for the sole benefit of Plan participants, security-backed investment contracts, separate accounts guaranteed investment contracts and money market funds. Security‑backed investment contracts are issued by insurance companies and other financial institutions that wrap underlying bond funds, fixed income common/collective trust funds or separate accounts (Wrap Contract).  

The issuer of the Wrap Contract guarantees a minimum rate of return and provides full benefit responsiveness, provided that all terms of the Wrap Contract have been met. Wrap Contracts are normally agreements entered with issuers rated in the top three long-term rating categories (equaling A- or above) as determined by any of the nationally recognized rating organizations. The Galliard Fund is credited with contributions from participants and earnings on the underlying investments and charged for participant withdrawals and administrative expenses.

As of December 31, 2018 and 2017, there were no reserves against the Wrap Contracts’ carrying values due to credit risks of the issuers. Certain events limit the ability of the Plan to transact at contract value with the wrap issuer. However, the Plan’s management is not aware of the occurrence or likely occurrence of any such events, which would limit the Plan's ability to transact at contract value with participants. The issuer may terminate a Wrap Contract at any time.

8


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2018

The following table provides the disaggregation of contract value between types of investment contracts held by the Pla n:

 

 

 

December 31,

 

(in thousands)

 

2018

 

 

2017

 

Security-backed investment contracts

 

$

702,711

 

 

$

675,005

 

Separate account guaranteed investment contracts

 

 

101,343

 

 

 

88,687

 

Total investment contracts

 

$

804,054

 

 

$

763,692

 

 

5.

INCOME TAX STATUS

On October 20, 2015, the Plan received a determination letter from the IRS stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. This determination letter superseded the determination letters issued by the IRS on April 3, 2015 and May 29, 2014. The 401(k) Committee believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

 

6.

PARTY-IN-INTEREST TRANSACTIONS

Transactions in shares of Oracle common stock qualify as party-in-interest transactions under the provisions of ERISA. During the year ended December 31, 2018, the Plan made purchases of approximately $64,328,000 and sales of approximately $131,258,000 of Oracle common stock. In addition, the Plan made in-kind transfers of Oracle common stock to participants, related to certain qualifying distributions, of approximately $16,966,000 during the year ended December 31, 2018.  

Certain members of Oracle Corporation management perform administrative and fiduciary duties for the Plan that qualify them as parties-in-interest and/or related parties of the Plan. Transactions between such members of Oracle Corporation management and the Plan were routine in nature and conducted pursuant to the Plan’s provisions as of and during the year ended December 31, 2018.

As described in Note 1 above, Fidelity Management Trust Company is a directed trustee of the Plan and Fidelity Investments Institutional Operations Company, Inc. serves as the record keeper to maintain the individual accounts of each Plan participant. Certain Plan investments include shares of mutual funds that are managed by affiliates of Fidelity. 

 

7.

DIFFERENCES BETWEEN FINANCIAL STATEMENTS AND FORM 5500

The following is a reconciliation of the net assets available for benefits per the financial statements to the Plan’s Form 5500:

 

 

 

December 31,

 

(in thousands)

 

2018

 

 

2017

 

Net assets available for benefits per the financial statements

 

$

14,346,061

 

 

$

15,444,333

 

Adjustment from contract value to fair value of certain Galliard Stable Value Fund assets

 

 

(8,297

)

 

 

(388

)

Amounts allocated to withdrawing participants and other

 

 

(1,847

)

 

 

(1,190

)

Net assets available for benefits per the Form 5500

 

$

14,335,917

 

 

$

15,442,755

 

 

9


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2018

The following is a reconciliation of the changes in net assets available for benefits per the financial statements to the Plan’s Form 5500:

 

 

 

December 31,

 

(in thousands)

 

2018

 

 

2017

 

Net (decrease) increase in net assets available for benefits per the financial statements

 

$

(1,098,272

)

 

$

2,428,870

 

Net change in fair value adjustment of certain Galliard Stable Value Fund assets

 

 

(7,909

)

 

 

(1,083

)

Net change in amounts allocated to withdrawing participants and other

 

 

(658

)

 

 

95

 

Net (loss) income per the Form 5500

 

$

(1,106,839

)

 

$

2,427,882

 

 

The fair value adjustment for certain Galliard Stable Value Fund assets represented the differences between contract values of certain fully benefit-responsive contracts within the Galliard Fund as included in the statements of changes in net assets available for benefits for the years ended December 31, 2018 and 2017, and the respective fair values of these contracts as reported in the respective Form 5500. Certain investments within the Galliard Fund are presented at contract value in both the statements of changes in net assets available for benefits and the Form 5500, and therefore, do not result in a difference between the Plan’s financial statements and the Form 5500. Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to each respective year-end but were not yet paid.

 

8.

EXCESS CONTRIBUTIONS

Contributions received from participants for the year ended December 31, 2018 included approximately $313,000 of excess contributions (net of corresponding gains and losses) that were remitted during January 2019 through April 2019 to certain participants. The excess deferral contributions, originally deducted in the year ended December 31, 2018, were returned to comply with the participants’ applicable maximum annual contributions permitted under the Code. The amount is included in the Plan’s statement of net assets available for benefits as excess deferrals due to participants at December 31, 2018.

 

 

 

 

10


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)

December 31, 2018

 

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

Registered Investment Companies:

 

 

 

 

 

 

 

 

 

 

 

Dodge & Cox International Stock Fund

 

 

9,036,425

 

shares

 

$

333,534

 

 

 

Dodge & Cox Stock Fund

 

 

4,461,351

 

shares

 

 

770,966

 

*

 

Fidelity Balanced Fund—Class K

 

 

22,845,835

 

shares

 

 

471,767

 

*

 

Fidelity Worldwide Fund

 

 

9,450,537

 

shares

 

 

218,402

 

 

 

PIMCO Inflation Response Multi-Asset Fund Institutional

 

 

1,415,845

 

shares

 

 

10,718

 

 

 

 

 

 

 

 

 

 

 

1,805,387

 

 

 

Assets in Brokerage Link Accounts

 

Various investments, including registered investment companies, common stocks, money market funds and cash

 

 

824,629

 

 

 

Oracle Corporation Common Stock Fund:

 

 

 

 

 

 

 

 

 

*

 

Oracle Corporation Common Stock

 

 

15,844,563

 

shares

 

 

715,382

 

*

 

Fidelity Investments Money Market Government Portfolio

 

 

5,257,797

 

shares

 

 

5,258

 

 

 

Separately-Managed Account Fund Investments:

 

 

 

 

 

 

 

 

 

 

 

Artisan International Separate Account —

 

 

 

 

 

 

 

 

 

 

 

Depository Receipts

 

 

 

 

 

 

 

 

 

 

 

Petroleo Brasileiro SA

 

 

256,704

 

shares

 

 

3,340

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

 

 

adidas AG

 

 

2,310

 

shares

 

 

483

 

 

 

AIA Group Ltd.

 

 

619,478

 

shares

 

 

5,142

 

 

 

Air Liquide SA

 

 

34,523

 

shares

 

 

4,290

 

 

 

Airbus SE

 

 

57,862

 

shares

 

 

5,566

 

 

 

Akzo Nobel NV

 

 

11,823

 

shares

 

 

954

 

 

 

Allianz SE

 

 

20,953

 

shares

 

 

4,204

 

 

 

Amazon.com Inc.

 

 

649

 

shares

 

 

975

 

 

 

Amundi SA

 

 

6,108

 

shares

 

 

323

 

 

 

Anheuser-Busch InBev SA/NV

 

 

49,667

 

shares

 

 

3,283

 

 

 

Aon PLC

 

 

31,533

 

shares

 

 

4,584

 

 

 

ASML Holding NV

 

 

4,008

 

shares

 

 

630

 

 

 

Assicurazioni Generali SpA

 

 

201,385

 

shares

 

 

3,369

 

 

 

AVEVA Group PLC

 

 

2,333

 

shares

 

 

72

 

 

 

B3 SA - Brasil Bolsa Balcao

 

 

79,800

 

shares

 

 

552

 

 

 

Bank Rakyat Indonesia Persero Tbk PT

 

 

5,279,000

 

shares

 

 

1,344

 

 

 

Beiersdorf AG

 

 

29,174

 

shares

 

 

3,047

 

 

 

BNP Paribas SA

 

 

49,955

 

shares

 

 

2,259

 

 

 

British American Tobacco PLC

 

 

26,624

 

shares

 

 

848

 

 

 

Calbee Inc.

 

 

57,200

 

shares

 

 

1,795

 

 

 

Canadian National Railway Co

 

 

12,903

 

shares

 

 

956

 

 

 

Canadian Pacific Railway Ltd.

 

 

5,946

 

shares

 

 

1,056

 

 

 

ConvaTec Group PLC

 

 

828,042

 

shares

 

 

1,466

 

 

 

Danone SA

 

 

17,879

 

shares

 

 

1,260

 

 

 

Deutsche Boerse AG

 

 

81,159

 

shares

 

 

9,759

 

 

 

Deutsche Post AG

 

 

188,435

 

shares

 

 

5,162

 

 

 

Dollarama Inc.

 

 

8,811

 

shares

 

 

210

 

 

 

Eiffage SA

 

 

22,836

 

shares

 

 

1,909

 

 

 

Experian PLC

 

 

80,864

 

shares

 

 

1,963

 

 

 

Ferguson PLC

 

 

45,503

 

shares

 

 

2,910

 

 

 

Fortis Inc.

 

 

4,756

 

shares

 

 

159

 

 

 

Fortum OYJ

 

 

83,336

 

shares

 

 

1,824

 

 

 

Genmab A/S

 

 

20,309

 

shares

 

 

3,327

 

 

 

HSBC Holdings PLC

 

 

224,802

 

shares

 

 

1,853

 

 

 

Idorsia Ltd.

 

 

17,372

 

shares

 

 

287

 

 

 

ING Groep NV

 

 

451,192

 

shares

 

 

4,865

 

 

 

Intesa Sanpaolo SpA

 

 

1,100,390

 

shares

 

 

2,446

 

11


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

Japan Exchange Group Inc.

 

 

84,300

 

shares

 

 

1,368

 

 

 

Koninklijke DSM NV

 

 

25,034

 

shares

 

 

2,049

 

 

 

Linde PLC

 

 

65,952

 

shares

 

 

10,469

 

 

 

London Stock Exchange Group PLC

 

 

43,481

 

shares

 

 

2,251

 

 

 

Lonza Group AG

 

 

9,044

 

shares

 

 

2,343

 

 

 

Medtronic PLC

 

 

75,530

 

shares

 

 

6,870

 

 

 

MMC Norilsk Nickel PJSC

 

 

111,471

 

shares

 

 

2,091

 

 

 

Nestle SA

 

 

74,596

 

shares

 

 

6,056

 

 

 

Nippon Shinyaku Co Ltd.

 

 

30,200

 

shares

 

 

1,926

 

 

 

Petroleo Brasileiro SA

 

 

594,900

 

shares

 

 

3,481

 

 

 

RELX PLC

 

 

8,239

 

shares

 

 

170

 

 

 

Rentokil Initial PLC

 

 

438,075

 

shares

 

 

1,883

 

 

 

Safran SA

 

 

11,690

 

shares

 

 

1,412

 

 

 

Schneider Electric SE

 

 

9,788

 

shares

 

 

670

 

 

 

Sonova Holding AG

 

 

7,480

 

shares

 

 

1,222

 

 

 

Symrise AG

 

 

24,555

 

shares

 

 

1,815

 

 

 

Taiyo Nippon Sanso Corporation

 

 

68,400

 

shares

 

 

1,121

 

 

 

Vinci SA

 

 

27,424

 

shares

 

 

2,263

 

 

 

WABCO Holdings Inc.

 

 

4,200

 

shares

 

 

451

 

 

 

Willis Towers Watson PLC

 

 

17,805

 

shares

 

 

2,704

 

 

 

Wirecard AG

 

 

52,010

 

shares

 

 

7,914

 

 

 

Wynn Macau Ltd.

 

 

191,200

 

shares

 

 

417

 

 

 

Participating Certificate

 

 

 

 

 

 

 

 

 

 

 

Ryanair Holdings PLC

 

 

208,036

 

shares

 

 

2,562

 

 

 

Preferred Stock

 

 

 

 

 

 

 

 

 

 

 

Henkel AG & Co KGaA

 

 

22,307

 

shares

 

 

2,438

 

 

 

JPMorgan 100% U.S. Treasury Securities Money Market Fund

 

 

1,790,751

 

shares

 

 

1,791

 

 

 

 

 

 

 

 

 

 

 

156,209

 

 

 

Emerging Markets Stock Fund —

 

 

 

 

 

 

 

 

 

 

 

Registered Investment Companies

 

 

 

 

 

 

 

 

 

 

 

DFA Emerging Markets Core Equity Portfolio Institutional Class

 

 

5,054,639

 

shares

 

 

97,302

 

 

 

Common/Collective Trust Fund

 

 

 

 

 

 

 

 

 

 

 

T. Rowe Price Emerging Markets Equity Trust—Class B

 

 

201,828

 

shares

 

 

97,192

 

 

 

 

 

 

 

 

 

 

 

194,494

 

 

 

Galliard Stable Value Fund —

 

 

 

 

 

 

 

 

 

 

 

Common/Collective Trust Funds

 

 

 

 

 

 

 

 

 

 

 

Wells Fargo Fixed Income Fund A

 

 

8,600,193

 

shares

 

 

228,346

 

 

 

Wells Fargo Fixed Income Fund E

 

 

3,369,464

 

shares

 

 

82,856

 

 

 

Wells Fargo Fixed Income Fund F

 

 

21,062,108

 

shares

 

 

301,633

 

 

 

Wells Fargo Fixed Income Fund N

 

 

6,717,195

 

shares

 

 

81,579

 

 

 

MetLife Insurance Company Separate Account

 

 

854,724

 

shares

 

 

101,342

 

*

 

Fidelity Institutional Money Market Government Portfolio

 

 

80,983,499

 

shares

 

 

80,984

 

 

 

 

 

 

 

 

 

 

 

876,740

 

 

 

US Small Mid Cap Value Fund —

 

 

 

 

 

 

 

 

 

 

 

Registered Investment Companies

 

 

 

 

 

 

 

 

 

 

 

DFA US Targeted Value I

 

 

8,695,915

 

shares

 

 

172,440

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

 

 

ABM Industries Inc.

 

 

38,509

 

shares

 

 

1,237

 

 

 

ACCO Brands Corporation

 

 

127,247

 

shares

 

 

863

 

 

 

AECOM

 

 

40,241

 

shares

 

 

1,066

 

 

 

Aegion Corporation

 

 

21,454

 

shares

 

 

350

 

 

 

AES Corporation

 

 

75,511

 

shares

 

 

1,092

 

 

12


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

AGNC Investment Corporation

 

 

80,103

 

shares

 

 

1,405

 

 

 

Air Lease Corporation

 

 

63,831

 

shares

 

 

1,928

 

 

 

Alaska Air Group Inc.

 

 

16,715

 

shares

 

 

1,017

 

 

 

Alleghany Corporation

 

 

2,419

 

shares

 

 

1,508

 

 

 

Alliance Data Systems Corporation

 

 

6,545

 

shares

 

 

982

 

 

 

Ally Financial Inc.

 

 

20,781

 

shares

 

 

471

 

 

 

AMC Networks Inc.

 

 

22,146

 

shares

 

 

1,215

 

 

 

Amdocs Ltd.

 

 

22,651

 

shares

 

 

1,327

 

 

 

Apergy Corporation

 

 

28,623

 

shares

 

 

775

 

 

 

Ares Capital Corporation

 

 

38,499

 

shares

 

 

600

 

 

 

Ares Commercial Real Estate

 

 

75,054

 

shares

 

 

979

 

 

 

Arrow Electronics Inc.

 

 

35,822

 

shares

 

 

2,470

 

 

 

ASGN Inc.

 

 

31,601

 

shares

 

 

1,722

 

 

 

Aspen Insurance Holdings Ltd.

 

 

12,472

 

shares

 

 

524

 

 

 

Assurant Inc.

 

 

5,295

 

shares

 

 

474

 

 

 

Assured Guaranty Ltd.

 

 

59,537

 

shares

 

 

2,279

 

 

 

Avery Dennison Corporation

 

 

9,764

 

shares

 

 

877

 

 

 

Avnet Inc.

 

 

31,415

 

shares

 

 

1,134

 

 

 

AXIS Capital Holdings Ltd.

 

 

20,792

 

shares

 

 

1,074

 

 

 

BankUnited Inc.

 

 

33,445

 

shares

 

 

1,001

 

 

 

Belden Inc.

 

 

35,599

 

shares

 

 

1,487

 

 

 

Berry Global Group Inc.

 

 

13,606

 

shares

 

 

647

 

 

 

Blackstone Mortgage Trust Inc.

 

 

31,726

 

shares

 

 

1,011

 

 

 

BMC Stock Holdings Inc.

 

 

67,974

 

shares

 

 

1,052

 

 

 

Booz Allen Hamilton Holding Corporation

 

 

15,051

 

shares

 

 

678

 

 

 

Boston Private Financial

 

 

45,670

 

shares

 

 

483

 

 

 

Brooks Automation Inc.

 

 

32,102

 

shares

 

 

840

 

 

 

Cadence Bancorp

 

 

68,570

 

shares

 

 

1,151

 

 

 

Cambrex Corporation

 

 

9,989

 

shares

 

 

377

 

 

 

Carlisle Companies Inc.

 

 

5,211

 

shares

 

 

524

 

 

 

CDK Global Inc.

 

 

35,363

 

shares

 

 

1,693

 

 

 

CDW Corporation

 

 

27,597

 

shares

 

 

2,237

 

 

 

CenterState Banks Inc.

 

 

29,856

 

shares

 

 

628

 

 

 

Chatham Lodging Trust

 

 

40,270

 

shares

 

 

712

 

 

 

Chemed Corporation

 

 

4,365

 

shares

 

 

1,237

 

 

 

Ciena Corporation

 

 

63,043

 

shares

 

 

2,138

 

 

 

Cimarex Energy Co

 

 

16,733

 

shares

 

 

1,032

 

 

 

Coherent Inc.

 

 

7,449

 

shares

 

 

787

 

 

 

Colony Capital Inc.

 

 

88,968

 

shares

 

 

416

 

 

 

Columbia Banking Systems Inc.

 

 

11,397

 

shares

 

 

414

 

 

 

CommScope Holding Co Inc.

 

 

24,888

 

shares

 

 

408

 

 

 

Cooper Tire & Rubber Co

 

 

23,374

 

shares

 

 

756

 

 

 

Cousins Properties Inc.

 

 

66,237

 

shares

 

 

523

 

 

 

Crown Holdings Inc.

 

 

11,495

 

shares

 

 

478

 

 

 

Curtiss-Wright Corporation

 

 

7,185

 

shares

 

 

734

 

 

 

Diamondback Energy Inc.

 

 

19,774

 

shares

 

 

1,833

 

 

 

E*TRADE Financial Corporation

 

 

29,885

 

shares

 

 

1,311

 

 

 

East West Bancorp Inc.

 

 

34,135

 

shares

 

 

1,486

 

 

 

Energizer Holdings Inc.

 

 

25,452

 

shares

 

 

1,149

 

 

 

Enerplus Corporation

 

 

165,069

 

shares

 

 

1,281

 

 

 

EnerSys

 

 

31,614

 

shares

 

 

2,454

 

 

 

Engility Holdings Inc.

 

 

18,935

 

shares

 

 

539

 

 

 

13


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

Entercom Communications Corporation

 

 

92,864

 

shares

 

 

530

 

 

 

Equitrans Midstream Corporation

 

 

18,569

 

shares

 

 

372

 

 

 

Essent Group Ltd.

 

 

53,087

 

shares

 

 

1,815

 

 

 

Everest Re Group Ltd.

 

 

6,196

 

shares

 

 

1,349

 

 

 

EVERTEC Inc.

 

 

24,806

 

shares

 

 

712

 

 

 

Extraction Oil & Gas Inc.

 

 

71,072

 

shares

 

 

305

 

 

 

FCB Financial Holdings Inc.—Class A

 

 

16,185

 

shares

 

 

543

 

 

 

Ferroglobe PLC

 

 

67,391

 

shares

 

 

107

 

 

 

Fidelity National Financial Inc.

 

 

13,644

 

shares

 

 

429

 

 

 

First Citizens Bancshares Inc.—Class A

 

 

2,352

 

shares

 

 

887

 

 

 

First Hawaiian Inc.

 

 

39,535

 

shares

 

 

890

 

 

 

First Merchants Corporation

 

 

27,291

 

shares

 

 

935

 

 

 

First Midwest Bancorp Inc.

 

 

33,327

 

shares

 

 

660

 

 

 

FirstCash Inc.

 

 

15,681

 

shares

 

 

1,135

 

 

 

Flex Ltd.

 

 

63,982

 

shares

 

 

487

 

 

 

Forum Energy Technologies Inc.

 

 

74,956

 

shares

 

 

310

 

 

 

Fresh Del Monte Produce Inc.

 

 

30,283

 

shares

 

 

856

 

 

 

FTI Consulting Inc.

 

 

23,185

 

shares

 

 

1,545

 

 

 

Granite Construction Inc.

 

 

14,793

 

shares

 

 

596

 

 

 

Graphic Packaging Holding Co

 

 

291,514

 

shares

 

 

3,102

 

 

 

Group 1 Automotive Inc.

 

 

10,947

 

shares

 

 

577

 

 

 

Hanmi Financial Corporation

 

 

32,494

 

shares

 

 

640

 

 

 

Hanover Insurance Group Inc.

 

 

9,292

 

shares

 

 

1,085

 

 

 

HD Supply Holdings Inc.

 

 

18,842

 

shares

 

 

707

 

 

 

Huntington Bancshares Inc.

 

 

54,951

 

shares

 

 

655

 

 

 

Huntington Ingalls Industries Inc.

 

 

2,195

 

shares

 

 

418

 

 

 

Huron Consulting Group Inc.

 

 

28,333

 

shares

 

 

1,454

 

 

 

ICON PLC

 

 

12,498

 

shares

 

 

1,615

 

 

 

Insight Enterprises Inc.

 

 

32,453

 

shares

 

 

1,322

 

 

 

Jagged Peak Energy Inc.

 

 

44,252

 

shares

 

 

404

 

 

 

Jazz Pharmaceuticals PLC

 

 

7,096

 

shares

 

 

880

 

 

 

Jefferies Financial Group Inc.

 

 

71,108

 

shares

 

 

1,234

 

 

 

Jones Lang LaSalle Inc.

 

 

8,105

 

shares

 

 

1,026

 

 

 

KAR Auction Services Inc.

 

 

55,742

 

shares

 

 

2,660

 

 

 

Kosmos Energy Ltd.

 

 

210,083

 

shares

 

 

855

 

 

 

La-Z-Boy Inc.

 

 

38,286

 

shares

 

 

1,061

 

 

 

LCI Industries

 

 

27,356

 

shares

 

 

1,827

 

 

 

Lions Gate Entertainment Corporation

 

 

15,414

 

shares

 

 

229

 

 

 

Lithia Motors Inc.

 

 

26,074

 

shares

 

 

1,990

 

 

 

LPL Financial Holdings Inc.

 

 

11,456

 

shares

 

 

700

 

 

 

ManpowerGroup Inc.

 

 

5,538

 

shares

 

 

359

 

 

 

Marvell Technology Group Ltd.

 

 

77,773

 

shares

 

 

1,259

 

 

 

MAXIMUS Inc.

 

 

6,034

 

shares

 

 

393

 

 

 

MFA Financial Inc.

 

 

228,330

 

shares

 

 

1,525

 

 

 

Minerals Technologies Inc.

 

 

27,405

 

shares

 

 

1,407

 

 

 

The Mosaic Company

 

 

36,518

 

shares

 

 

1,067

 

 

 

National General Holdings Corporation

 

 

100,431

 

shares

 

 

2,431

 

 

 

Navient Corporation

 

 

210,558

 

shares

 

 

1,855

 

 

 

Navigant Consulting Inc.

 

 

43,211

 

shares

 

 

1,039

 

 

 

NCR Corporation

 

 

50,660

 

shares

 

 

1,169

 

 

 

Nelnet Inc.

 

 

33,635

 

shares

 

 

1,760

 

 

 

Newfield Exploration Co

 

 

58,870

 

shares

 

 

863

 

 

 

14


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

ON Semiconductor Corporation

 

 

35,430

 

shares

 

 

585

 

 

 

Owens Corning

 

 

22,885

 

shares

 

 

1,006

 

 

 

Owens-Illinois Inc.

 

 

53,498

 

shares

 

 

922

 

 

 

Parsley Energy Inc.

 

 

85,319

 

shares

 

 

1,363

 

 

 

Patterson Cos Inc.

 

 

28,229

 

shares

 

 

555

 

 

 

Peapack-Gladstone Financial Co

 

 

19,657

 

shares

 

 

495

 

 

 

Portland General Electric Co

 

 

11,520

 

shares

 

 

528

 

 

 

PQ Group Holdings Inc.

 

 

83,620

 

shares

 

 

1,238

 

 

 

PRA Group Inc.

 

 

28,922

 

shares

 

 

705

 

 

 

Preferred Bank

 

 

16,521

 

shares

 

 

716

 

 

 

ProAssurance Corporation

 

 

26,032

 

shares

 

 

1,056

 

 

 

QEP Resources Inc.

 

 

79,575

 

shares

 

 

448

 

 

 

Qorvo Inc.

 

 

20,542

 

shares

 

 

1,248

 

 

 

Radian Group Inc.

 

 

53,164

 

shares

 

 

870

 

 

 

Raymond James Financial Inc.

 

 

10,688

 

shares

 

 

795

 

 

 

Realogy Holdings Corporation

 

 

38,231

 

shares

 

 

561

 

 

 

Reinsurance Group of America

 

 

11,114

 

shares

 

 

1,558

 

 

 

Retail Properties of America

 

 

59,770

 

shares

 

 

649

 

 

 

Scholastic Corporation

 

 

8,229

 

shares

 

 

331

 

 

 

Schweitzer-Mauduit Intl Inc.

 

 

43,094

 

shares

 

 

1,080

 

 

 

Skechers USA Inc. Cl A

 

 

76,105

 

shares

 

 

1,742

 

 

 

SL Green Realty Corporation

 

 

7,798

 

shares

 

 

617

 

 

 

SLM Corporation

 

 

312,755

 

shares

 

 

2,599

 

 

 

Standard Motor Products Inc.

 

 

12,152

 

shares

 

 

589

 

 

 

Starwood Property Trust Inc.

 

 

74,436

 

shares

 

 

1,467

 

 

 

Steven Madden Ltd.

 

 

61,199

 

shares

 

 

1,852

 

 

 

Stifel Financial Corporation

 

 

12,979

 

shares

 

 

538

 

 

 

SunCoke Energy Inc.

 

 

192,718

 

shares

 

 

1,648

 

 

 

Superior Energy Services Inc.

 

 

91,342

 

shares

 

 

306

 

 

 

SVB Financial Group

 

 

2,603

 

shares

 

 

494

 

 

 

Sykes Enterprises Inc.

 

 

22,791

 

shares

 

 

564

 

 

 

Syneos Health Inc.

 

 

41,281

 

shares

 

 

1,624

 

 

 

SYNNEX Corporation

 

 

28,036

 

shares

 

 

2,266

 

 

 

Synovus Financial Corporation

 

 

15,337

 

shares

 

 

491

 

 

 

TEGNA Inc.

 

 

25,466

 

shares

 

 

277

 

 

 

Teradyne Inc.

 

 

23,219

 

shares

 

 

729

 

 

 

Tetra Tech Inc.

 

 

18,298

 

shares

 

 

947

 

 

 

Timken Co

 

 

27,287

 

shares

 

 

1,018

 

 

 

Trinseo SA

 

 

25,583

 

shares

 

 

1,171

 

 

 

TTEC Holdings Inc.

 

 

55,299

 

shares

 

 

1,580

 

 

 

Tutor Perini Corporation

 

 

52,438

 

shares

 

 

837

 

 

 

Two Harbors Investment Corporation

 

 

211,624

 

shares

 

 

2,717

 

 

 

Umpqua Holdings Corporation

 

 

50,074

 

shares

 

 

796

 

 

 

Universal Corporation

 

 

18,997

 

shares

 

 

1,029

 

 

 

Valvoline Inc.

 

 

74,017

 

shares

 

 

1,432

 

 

 

Versum Materials Inc.

 

 

28,443

 

shares

 

 

788

 

 

 

Walker & Dunlop Inc.

 

 

60,687

 

shares

 

 

2,625

 

 

 

WESCO International Inc.

 

 

37,987

 

shares

 

 

1,823

 

 

 

White Mountains Insurance Grp

 

 

1,511

 

shares

 

 

1,296

 

 

 

World Fuel Services Corporation

 

 

111,804

 

shares

 

 

2,394

 

 

 

 

 

15


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

Wyndham Destinations Inc.

 

 

22,577

 

shares

 

 

809

 

 

 

Brown Brothers Harriman Short-Term Investment Fund

 

 

1,244,765

 

shares

 

 

1,245

 

 

 

 

 

 

 

 

 

 

 

344,356

 

 

 

William Blair Small Mid Cap Growth Separate Account —

 

 

 

 

 

 

 

 

 

 

 

Depository Receipts

 

 

 

 

 

 

 

 

 

 

 

NICE Systems Ltd.

 

 

27,530

 

shares

 

 

2,979

 

 

 

Common Stock

 

 

 

 

 

 

 

 

 

 

 

2U, Inc.

 

 

40,310

 

shares

 

 

2,004

 

 

 

Adtalem Global Education Inc.

 

 

114,949

 

shares

 

 

5,439

 

 

 

Aspen Technology Inc.

 

 

34,770

 

shares

 

 

2,857

 

 

 

Axalta Coating Systems Ltd..

 

 

85,320

 

shares

 

 

1,998

 

 

 

Ball Corporation

 

 

136,550

 

shares

 

 

6,279

 

 

 

Booz Allen Hamilton Holding Corporation

 

 

137,113

 

shares

 

 

6,180

 

 

 

BrightSphere Investment Group

 

 

108,790

 

shares

 

 

1,162

 

 

 

Burlington Stores Inc.

 

 

31,350

 

shares

 

 

5,100

 

 

 

BWX Technologies Inc.

 

 

149,383

 

shares

 

 

5,711

 

 

 

Cable One, Inc.

 

 

2,070

 

shares

 

 

1,698

 

 

 

Cambrex Corporation

 

 

62,183

 

shares

 

 

2,348

 

 

 

Catalent Inc.

 

 

104,710

 

shares

 

 

3,265

 

 

 

Cboe Global Markets Inc.

 

 

63,569

 

shares

 

 

6,219

 

 

 

Celanese Corporation

 

 

40,556

 

shares

 

 

3,649

 

 

 

Centennial Resource Development—Class A

 

 

102,450

 

shares

 

 

1,129

 

 

 

Colliers International Group

 

 

24,288

 

shares

 

 

1,337

 

 

 

Copart Inc.

 

 

157,020

 

shares

 

 

7,502

 

 

 

CoStar Group Inc.

 

 

20,117

 

shares

 

 

6,786

 

 

 

DexCom Inc.

 

 

33,377

 

shares

 

 

3,999

 

 

 

Domino's Pizza Inc.

 

 

15,670

 

shares

 

 

3,886

 

 

 

East West Bancorp Inc.

 

 

32,030

 

shares

 

 

1,394

 

 

 

Encompass Health Corporation

 

 

76,885

 

shares

 

 

4,744

 

 

 

Encore Capital Group Inc.

 

 

74,076

 

shares

 

 

1,741

 

 

 

Euronet Worldwide Inc.

 

 

58,580

 

shares

 

 

5,997

 

 

 

Exact Sciences Corporation

 

 

60,459

 

shares

 

 

3,815

 

 

 

FirstCash Inc.

 

 

48,850

 

shares

 

 

3,534

 

 

 

FirstService Corporation

 

 

36,377

 

shares

 

 

2,491

 

 

 

Fortinet Inc.

 

 

44,370

 

shares

 

 

3,125

 

 

 

Genesee & Wyoming Inc.—Class A

 

 

37,610

 

shares

 

 

2,784

 

 

 

Glaukos Corporation

 

 

63,764

 

shares

 

 

3,582

 

 

 

GoDaddy Inc.—Class A

 

 

59,506

 

shares

 

 

3,905

 

 

 

Grand Canyon Education Inc.

 

 

43,894

 

shares

 

 

4,220

 

 

 

Guidewire Software Inc.

 

 

29,697

 

shares

 

 

2,383

 

 

 

Healthcare Services Group Inc.

 

 

100,359

 

shares

 

 

4,032

 

 

 

HEICO Corporation—Class A

 

 

67,088

 

shares

 

 

4,226

 

 

 

Hilton Grand Vacations Inc.

 

 

77,618

 

shares

 

 

2,048

 

 

 

Horizon Pharma PLC

 

 

169,061

 

shares

 

 

3,303

 

 

 

Inogen Inc.

 

 

15,220

 

shares

 

 

1,890

 

 

 

Insulet Corporation

 

 

53,380

 

shares

 

 

4,234

 

 

 

j2 Global Inc.

 

 

33,741

 

shares

 

 

2,341

 

 

 

Jones Lang LaSalle Inc.

 

 

19,673

 

shares

 

 

2,491

 

 

 

Lamb Weston Holdings Inc.

 

 

29,290

 

shares

 

 

2,155

 

 

 

Ligand Pharmaceuticals Inc.

 

 

24,691

 

shares

 

 

3,350

 

 

 

Live Nation Entertainment, Inc.

 

 

109,220

 

shares

 

 

5,379

 

 

 

Martin Marietta Materials, Inc.

 

 

29,390

 

shares

 

 

5,051

 

 

 

16


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

MaxLinear, Inc.

 

 

62,600

 

shares

 

 

1,102

 

 

 

Middleby Corporation

 

 

37,140

 

shares

 

 

3,815

 

 

 

National Instruments Corporation

 

 

67,559

 

shares

 

 

3,066

 

 

 

Novanta Inc.

 

 

26,060

 

shares

 

 

1,642

 

 

 

Nu Skin Enterprises Inc.—Class A

 

 

30,941

 

shares

 

 

1,898

 

 

 

Parsley Energy Inc.—Class A

 

 

92,660

 

shares

 

 

1,481

 

 

 

Penumbra Inc.

 

 

20,080

 

shares

 

 

2,454

 

 

 

Portola Pharmaceuticals Inc.

 

 

61,120

 

shares

 

 

1,193

 

 

 

Pure Storage Inc.—Class A

 

 

233,282

 

shares

 

 

3,751

 

 

 

Ritchie Bros. Auctioneers

 

 

86,590

 

shares

 

 

2,833

 

 

 

Rogers Corporation

 

 

37,317

 

shares

 

 

3,697

 

 

 

Sabre Corporation

 

 

137,390

 

shares

 

 

2,973

 

 

 

SiteOne Landscape Supply Inc.

 

 

35,010

 

shares

 

 

1,935

 

 

 

Six Flags Entertainment Corporation

 

 

65,169

 

shares

 

 

3,625

 

 

 

Teledyne Technologies Inc.

 

 

22,473

 

shares

 

 

4,653

 

 

 

Teleflex Inc.

 

 

19,390

 

shares

 

 

5,012

 

 

 

The Toro Company

 

 

29,399

 

shares

 

 

1,643

 

 

 

TransUnion

 

 

80,130

 

shares

 

 

4,551

 

 

 

Trex Company Inc.

 

 

43,670

 

shares

 

 

2,592

 

 

 

Universal Electronics Inc.

 

 

33,653

 

shares

 

 

851

 

 

 

Vail Resorts Inc.

 

 

20,770

 

shares

 

 

4,379

 

 

 

Veeva Systems Inc.—Class A

 

 

57,790

 

shares

 

 

5,162

 

 

 

Virtu Financial Inc.—Class A

 

 

100,303

 

shares

 

 

2,584

 

 

 

Weight Watchers International Inc.

 

 

43,690

 

shares

 

 

1,684

 

 

 

West Pharmaceutical Services, Inc.

 

 

20,380

 

shares

 

 

1,998

 

 

 

WEX Inc.

 

 

20,770

 

shares

 

 

2,909

 

 

 

William Blair Money Market Funds

 

 

7,259,525

 

shares

 

 

7,260

 

 

 

 

 

 

 

 

 

 

 

246,485

 

 

 

Common/Collective Trust Funds:

 

 

 

 

 

 

 

 

 

 

 

Broad Market Bond I —

 

 

 

 

 

 

 

 

 

 

 

Wells Fargo Core Bond II CIT EF1

 

 

20,686,644

 

shares

 

 

218,658

 

 

 

Loomis Sayles Core Plus Fixed Income Fund D

 

 

15,019,660

 

shares

 

 

218,085

 

*

 

Fidelity Contrafund Commingled Pool—Class 3

 

 

91,930,754

 

shares

 

 

1,442,394

 

*

 

Fidelity Growth Company Commingled Pool—Class 3

 

 

61,433,368

 

shares

 

 

1,121,773

 

*

 

Fidelity Low-Priced Stock Commingled Pool—Class 2

 

 

37,941,336

 

shares

 

 

485,270

 

 

 

Vanguard Institutional 500 Index Trust

 

 

16,342,874

 

shares

 

 

1,617,945

 

 

 

Vanguard Institutional Extended Market Index Trust

 

 

3,552,116

 

shares

 

 

335,213

 

 

 

Vanguard Institutional Total Bond Market Index Trust

 

 

3,728,293

 

shares

 

 

372,643

 

 

 

Vanguard Institutional Total International Stock Market Index Trust

 

 

1,516,266

 

shares

 

 

133,067

 

 

 

Vanguard Target Retirement 2015 Trust Select

 

 

2,168,386

 

shares

 

 

72,988

 

 

 

Vanguard Target Retirement 2020 Trust Select

 

 

11,259,321

 

shares

 

 

383,267

 

 

 

Vanguard Target Retirement 2025 Trust Select

 

 

13,664,341

 

shares

 

 

467,867

 

 

 

Vanguard Target Retirement 2030 Trust Select

 

 

16,786,233

 

shares

 

 

576,607

 

 

 

Vanguard Target Retirement 2035 Trust Select

 

 

14,162,745

 

shares

 

 

488,190

 

 

 

Vanguard Target Retirement 2040 Trust Select

 

 

12,490,698

 

shares

 

 

431,304

 

 

 

Vanguard Target Retirement 2045 Trust Select

 

 

7,507,996

 

shares

 

 

259,401

 

 

 

Vanguard Target Retirement 2050 Trust Select

 

 

5,122,990

 

shares

 

 

176,948

 

 

 

Vanguard Target Retirement 2055 Trust Select

 

 

3,054,307

 

shares

 

 

105,435

 

 

 

Vanguard Target Retirement 2060 Trust Select

 

 

1,566,666

 

shares

 

 

54,113

 

 

 

Vanguard Target Retirement 2065 Trust Select

 

 

202,119

 

shares

 

 

4,196

 

 


17


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2018

 

(a)

 

(b)

Identity of Issue, Borrower,

Lessor, or Similar Party

 

(c)

Description of Investment, Including

Maturity Date, Rate of Interest,

Collateral, Par, or Maturity Value

 

(e)

Current Value

(in thousands)

 

 

 

Vanguard Target Retirement Income Trust Select

 

 

2,884,746

 

shares

 

 

95,831

 

 

 

Total investments, substantially all at fair value**

 

 

 

 

 

 

$

14,230,135

 

*

 

Notes Receivable from Participants

 

4.25% - 11.50%, maturing through 2028

 

$

84,444

 

 

*

Indicates a party-in-interest to the Plan.

**

All investments were stated at fair value as of December 31, 2018 with the exception of one underlying investment of the Galliard Stable Value Fund, which is stated at contract value.

 

Column (d), cost, has been omitted, as all investments are participant directed.

 

18


Table of Contents

INDEX TO EXHIBITS

 

Exhibit Number

 

Exhibit Title  

23.01

 

Consent of Independent Registered Public Accounting Firm

 


19


Table of Contents

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the persons who administer the employee benefit plan have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.

 

 

 

 

ORACLE CORPORATION
401(k) SAVINGS AND INVESTMENT PLAN

 

 

 

 

 

Date: May 17, 2019

 

By:

 

/s/ Peter W. Shott

 

 

 

 

Peter W. Shott

 

 

 

 

Vice President of Human Resources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20

Oracle (NYSE:ORCL)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Oracle Charts.
Oracle (NYSE:ORCL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Oracle Charts.