Join Overlooked Alpha to get my best investing ideas, private Discord and bonus content: https://www.overlookedalpha.com While operating cash flow hit 32 billion last year, capital expenditures ballooned to 56 billion resulting in negative 24 billion dollars of free cash flow. And management expects to spend another 70 billion this year which will almost certainly require Oracle to raise more debt and equity. Meanwhile, it’s worth noting that remaining performance obligations is not a GAAP figure. These deals can be easily reduced and management said that only 12% is expected to be recognised over the next 12 months and 34$ over the next 3 years. ABOUT ME Joe is the original founder of 3-minute Breakdowns and editor for Overlooked Alpha, the number one newsletter for overlooked investing ideas and stock market analysis. Joe evaluates companies from a business-first perspective, searching for things that the market has got wrong and waiting for the 'fat pitch'. LINKS My website: https://www.3minutebreakdowns.com/ Koyfin charts: https://www.koyfin.com/affiliate/overlooked-alpha/?via=3mb TikTok: https://www.tiktok.com/@overlookedalpha X: https://x.com/OverlookedAlpha DISCLAIMER & DISCLOSURE This content is for educational and entertainment purposes only. 3-Minute Breakdowns is not a registered investment advisor and does not provide financial recommendations (only opinions). The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. The author reserves the right to buy and sell or change his position in a particular stock at any time. This description contains affiliate links that allow you to find the items that I personally use and recommend. Thank you for your support.