It trades for just under 25 times annual free cash flow, has a variable cost structure, and does not need to make large capital investments to add new customers. (thecollegeinvestor.com)
What's more important, as you pointed out, dividends now exceed annual free cash flow, and the need to grow their debt levels to grow dividends. (mrtakoescapes.com)
With $ 50 billion in excess cash on the balance sheet and $ 9 billion in annual free cash flow, ORCL has more than enough cash on hand to support its buyback program, and more than it could reasonably hope to invest profitably in the near term. (newconstructs.com)