Oracle’s cash-flow surge carries a customer-prepayment question
Oracle’s latest operating cash flow includes substantial customer prepayments. Reading the delivery obligation alongside capital spending changes what the headline can tell us.
Mara Ellis covers earnings quality and the gap between reported profit and cash. She works through financial statements one moving part at a time, with a particular interest in what headline numbers leave out. Away from the numbers, Mara likes sea swimming, coastal postcards and finding a warm bakery after a cold dip.
Oracle’s latest operating cash flow includes substantial customer prepayments. Reading the delivery obligation alongside capital spending changes what the headline can tell us.