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Prepping for Proxy Statement Data

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The 2025 earnings season is now over, which means the 2025 proxy season is about to begin. For those analysts and institutional investors who enjoy sifting through proxy data, let’s do a quick review of the data Calcbench can bring to your fingertips. For starters, you can find proxy statements for the companies you follow on our Disclosures and Footnotes Query page. Simply go to the pull-down menu on the left side of your screen, select “Proxy” from the list of choices, and the document appears. See Figure 1, below, for an example featuring Boeing ($BA). What’s in the Proxy? Proxy statements are most famous for their data about executive compensation. This is where you can see how much a company’s top executives were paid, broken down by salary, bonus, stock awards, perks, “other” compensation, and the like. Typically a company discloses compensation for the CEO, CFO, and several other “named executive officers,” or NEOs. Because these disclosures are tagged, Calcbench users can als...
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Oracle: Latest Remaining Performance Obligations (RPO) and Off Balance Sheet Commitments

Oracle's AI Footprint Just Got Bigger — Calcbench Signal Remaining Performance Obligation ~$550B Q3 FY2026 — up from ~$130B at Y FY2025 Off Balance Sheet Lease Commitments ~$260B Q3 FY2026 — up from ~$45B at Y FY2025 Back in November, we wrote about Oracle's ($ORCL) AI exposure — specifically its off-balance-sheet lease commitments, which had ballooned to roughly $100 billion as of August 2025, up from a mere $411 million in 2020. That's not a typo. That's a 24,822 percent increase in five years. Then in December, we flagged that Oracle had leapt to the top of the S&P 500 for year-over-year growth in Remaining Performance Obligations — a 359 percent increase, from $99.1 billion to $455.3 billion, the single largest jump among 151 firms we tracked. Now it's March, and Oracle just filed its fiscal Q3 2026 results. Spoiler: both of those numbers have gotten even bigger. Th...
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Analyzing Airline Fuel Costs These Days

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Last week the CEO of United Airlines ($UAL) warned that the war in Iran and the subsequent soaring price of oil and jet fuel will have a “meaningful” impact on the company’s financial performance this quarter.  How meaningful, exactly? That’s for financial analysts to model on their own — but Calcbench does have multiple data feeds on airline fuel costs that can help analysts build those models and evaluate what might happen next. For starters, we have an airlines industry template that tracks all the standard non-GAAP financial disclosures that airlines make. Those disclosures include fuel consumed (in gallons), average price per gallon for the period, and cost per available seat mile — all of which are heavily influenced by the cost of fuel.  You can download our airlines template from DropBox , although the template won’t work automatically unless you (a) are a Calcbench professional subscriber; and (b) have our Excel Add-In already installed. If you need help with either ...
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Two Tales of Disclosing Automation Costs

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Grocery giant Kroger ($KR) filed its full-year 2025 earnings release this morning, with a rather unpleasant $2.5 billion impairment charge for a warehouse automation project that never delivered on its expected promises. The impairment charge wasn’t a surprise. Kroger had previously disclosed the matter in a filing on Nov. 18 , framing the matter as an “updated e-commerce plan” where Kroger would close three fulfillment warehouses around the United States. The impairment translates to a one-time hit to EPS of $2.91 per diluted share. Wait a minute, warehouse automation costs… Why does that ring a bell?  Because Walmart ($WMT) reported its own EPS issues with warehouse automation several weeks ago — but did so in a very different way. Together, the two earnings releases present a fascinating comparison of how large businesses might treat projects and how they disclose issues to investors when said project goes wobbly. First, Kroger. The company originally struck a partnership in...
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