AKAMAI TECHNOLOGIES INC

10-K & 10-Q Filings

Akamai Technologies, Inc. is a mission-driven company that has been providing solutions for global enterprises to build, deliver, and secure their digital experiences on its massively distributed worldwide network, Akamai Connected Cloud, since 1998. The company's platform consists of an edge and cloud architecture and underlying network for cloud computing, security, and content delivery services. Akamai's business strategy is to help drive the transformation of the internet by offering compute, security, and content delivery services on Akamai Connected Cloud that empower customers to compete and operate with the scale, resilience, and efficiency that their businesses demand. Akamai's solutions are offered in three core areas: security, content delivery, and compute. Security solutions include web application and API protection, bot management and mitigation, DDoS mitigation, protection from in-browser threats, and a growing set of solutions designed to help businesses implement a "zero trust" approach to security. Content delivery solutions focus on web and mobile performance, media delivery, and game and software delivery. Compute solutions include cloud computing services for building, deploying, and securing applications and workloads. The company provides an array of service and support offerings to help customers integrate, configure, optimize, and manage its core offerings. Akamai has over 10,250 employees located in more than 30 countries, with approximately 60% of those employees located outside of the U.S. The company's customers include many leading corporations and government agencies. Akamai's website is www.akamai.com, and its stock is traded on the NASDAQ Global Select Market under the ticker symbol AKAM.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1158.54
1373.95
1577.92
1963.87
2197.45
2340.05
2503.00
2714.47
2893.62
3198.15
3461.22
3616.65
3811.92
10.43%5.40%Cost of Revenue (-)
$374.54
431.91
511.09
610.94
725.62
809.00
875.76
953.49
987.62
1132.67
1268.96
1383.82
1511.06
12.33%9.20%Gross Profit (+)
$784.00
942.04
1066.84
1352.93
1471.83
1531.05
1627.24
1760.99
1905.99
2065.48
2192.27
2232.84
2300.86
9.39%3.05%Selling, General & Administrative (-)
$419.06
531.44
535.60
704.88
829.25
866.88
1002.80
1091.42
1039.98
1058.29
1014.99
1086.62
1134.08
8.65%4.37%Research & Development (-)
$52.33
74.74
93.88
125.29
148.59
167.63
222.43
246.16
261.37
269.31
335.37
391.43
406.05
18.62%3.73%Depreciation & Amortization (-)
$17.07
20.96
21.55
32.06
27.07
26.64
30.90
33.31
38.58
42.05
48.02
64.98
66.75
12.03%2.72%Non-recurring Operating Expenses (-)
$4.89
0.41
1.84
1.19
0.77
10.30
54.88
27.59
17.15
37.29
10.74
13.53
56.64
22.65%318.68%Operating Expenses (-)
$493.35
627.55
652.87
863.41
1005.68
1071.45
1311.02
1398.49
1357.08
1406.94
1409.12
1556.56
1663.52
10.66%6.87%Costs & Expenses (Total) (-)
$867.89
1059.46
1163.95
1474.36
1731.30
1880.45
2186.78
2351.97
2344.70
2539.61
2678.07
2940.38
3174.58
11.41%7.97%Operating Income/Loss (+)
$290.65
314.49
413.97
489.52
466.15
459.59
316.22
362.50
548.92
658.53
783.15
676.27
637.34
6.76%-5.76%Non-operating Income/Expense (+)
$16.55
7.10
5.59
5.72
9.00
18.49
18.74
23.79
31.83
13.56
3.40
-14.81
-10.82
26.93%Interest Expense (-)
$
15.46
18.52
18.64
18.84
43.20
49.36
69.12
72.33
11.10
17.71
59.60%Earnings before Tax (+)
$307.19
321.59
419.55
479.78
456.62
459.45
316.12
343.09
532.48
616.08
728.22
658.00
652.53
6.48%-0.83%Tax Expense (-)
$106.29
117.60
126.07
145.83
135.22
143.31
97.80
44.72
53.35
45.92
62.57
126.70
106.37
0.01%-16.04%Income/Loss (Continuing Operations) (+)
$200.90
203.99
293.49
333.95
321.41
316.13
218.32
298.37
479.13
570.16
665.65
531.31
546.15
8.69%2.79%Net Income/Loss (+)
$200.90
203.99
293.49
333.95
321.41
316.13
218.32
298.37
478.04
557.05
651.64
523.67
547.63
8.72%4.57%Net Income/Loss (Common) (+)
$200.90
203.99
293.49
333.95
321.41
316.13
218.32
298.37
478.04
557.05
651.64
523.67
547.63
8.72%4.57%EPS (Basic)
$1.09
1.15
1.65
1.87
1.80
1.81
1.27
1.78
2.94
3.43
4.01
3.29
3.59
10.44%9.12%EPS (Diluted)
$1.07
1.12
1.61
1.84
1.78
1.79
1.26
1.76
2.90
3.37
3.93
3.26
3.52
10.43%7.98%Weighted Avg Shares (Basic)
183.87
177.90
178.20
178.28
178.39
174.92
171.56
167.31
162.71
162.49
162.66
159.09
152.51
-1.55%-4.14%Weighted Avg Shares (Diluted)
187.56
181.75
181.78
181.19
180.41
176.22
172.71
169.19
164.57
165.21
165.80
160.47
155.40
-1.56%-3.16%Cash
$559.20
201.99
333.89
238.65
289.47
324.17
313.38
1036.45
393.75
352.92
536.73
542.34
489.47
-1.10%-9.75%Short-term Investments
$290.03
235.59
340.00
519.64
460.09
512.85
398.55
855.65
1143.25
745.16
541.47
562.98
374.97
2.16%-33.40%Receivables
$210.94
218.78
271.99
329.58
380.40
368.60
459.13
479.89
551.94
660.05
675.93
679.21
724.30
10.83%6.64%Prepaid Expenses (Current)
$55.41
51.60
62.10
128.98
123.23
104.30
137.81
163.36
142.68
171.41
166.31
185.04
216.11
12.01%16.79%Other Assets (Current)
$6.44
20.42
21.73
45.70
Assets (Current)
$1122.02
728.38
1029.71
1262.56
1253.19
1309.92
1308.87
2535.35
2231.61
1929.53
1920.43
1969.56
1804.86
4.04%-8.36%Securities & Long-term Investments
$380.73
657.66
573.03
869.99
774.67
779.31
567.59
209.07
835.38
1398.80
1088.05
320.53
1431.35
11.67%346.56%Property, Plant & Equipment (Net)
$
758.45
793.95
815.75
813.37
908.63
11.71%Goodwill & Intangibles
$498.30
815.88
834.80
1183.71
1306.34
1377.97
1699.95
1655.75
1779.70
1909.10
2469.48
3205.55
3386.61
17.32%5.65%Other Assets
$344.45
398.71
520.15
685.29
853.72
905.95
1026.43
1061.60
1401.74
1732.76
1844.96
1994.38
2368.58
17.43%18.76%Assets (Non-current)
$1223.48
1872.24
1927.97
2738.99
2934.74
3063.23
3293.97
2926.42
4775.27
5834.60
6218.24
6333.84
8095.18
17.05%27.81%Assets (Total)
$2345.50
2600.63
2957.68
4001.55
4187.93
4373.15
4602.84
5461.77
7006.89
7764.13
8138.67
8303.40
9900.04
12.75%19.23%Accounts Payable
$123.62
176.38
224.09
282.10
278.15
314.90
364.02
427.39
473.81
499.01
521.52
512.44
499.11
12.33%-2.60%Debt (Current)
$
686.55
139.46
Other Liabilities (Current)
$24.77
26.57
39.07
51.91
54.29
59.69
99.88
96.76
80.07
259.16
268.82
306.43
336.93
24.30%9.95%Liabilities (Current)
$148.39
202.94
263.17
334.01
332.44
374.59
463.90
1210.71
693.34
758.17
790.34
818.87
836.04
15.50%2.10%Debt (Non-current)
$
604.85
624.29
640.09
662.91
874.08
2531.97
1906.71
1976.17
2285.26
3538.23
54.83%Other Liabilities
$40.86
51.93
65.09
117.35
110.32
134.10
165.30
185.12
123.62
847.96
842.15
839.09
928.62
29.73%10.67%Liabilities (Non-current)
$40.86
51.93
65.09
722.20
734.61
774.19
828.22
1059.20
2655.59
2754.66
2818.32
3124.34
4466.84
47.87%42.97%Liabilities (Total)
$189.25
254.87
328.25
1056.21
1067.05
1148.78
1292.12
2269.91
3348.93
3512.83
3608.66
3943.21
5302.88
32.01%34.48%Treasury Stock
$482.99
624.46
Retained Earnings
$-2429.69
-2225.70
-1932.21
-1598.27
-1276.86
-960.73
-742.41
-430.89
48.00
605.05
1256.69
1920.35
2467.98
28.52%AOCI
$-1.26
-1.64
-2.09
-17.61
-41.45
-56.22
-21.93
-48.91
-45.14
-20.20
-69.11
-140.33
-95.33
32.07%Shareholder's Equity
$2156.25
2345.75
2629.43
2945.34
3120.88
3224.37
3310.72
3191.86
3657.96
4251.30
4530.01
4360.19
4597.15
6.51%5.43%Liabilities & Equity
$2345.50
2600.63
2957.68
4001.55
4187.93
4373.15
4602.84
5461.77
7006.89
7764.13
8138.67
8303.40
9900.04
12.75%19.23%Net Income/Loss
$200.90
203.99
293.49
333.95
321.41
316.13
218.32
298.37
478.04
557.05
651.64
523.67
547.63
8.72%4.57%Depreciation & Amortization
$167.88
204.16
184.43
262.87
318.09
352.94
391.15
476.48
486.53
541.21
616.66
597.15
576.12
10.82%-3.52%Increase/Decrease in Working Capital
$21.11
-60.81
15.61
-4.81
-15.33
-40.35
13.96
-30.31
102.86
69.88
40.52
5.32
130.70
16.41%2358.10%Share-based Compensation
$61.30
90.58
95.88
112.00
126.68
144.51
164.31
183.81
187.14
197.41
202.76
217.19
328.47
15.01%51.24%Adjustments to Reconcile Net Income
$251.65
326.42
270.42
324.12
440.69
550.17
582.66
709.95
580.27
657.95
752.92
751.00
800.81
10.13%6.63%Net Cash (Operating)
$452.56
530.40
563.91
658.07
764.15
866.30
800.98
1008.33
1058.30
1215.00
1404.56
1274.68
1348.44
9.53%5.79%Capital Expenditure
$183.26
556.51
289.90
705.36
586.13
411.73
783.85
405.82
763.41
859.87
1144.06
1330.39
836.21
13.48%-37.15%Net Cash (Investing)
$171.12
-779.04
-313.11
-1178.81
-435.56
-469.43
-459.68
-506.53
-1667.93
-1042.97
-646.90
-622.31
-1848.24
-197.00%Increase/Decrease in Debt
$
678.74
1132.18
445.63
1247.39
Increase/Decrease in Equity
$-298.82
-96.81
-96.71
-103.57
-240.81
-314.23
-305.51
-567.45
-92.26
-133.81
-462.62
-551.55
-500.87
9.19%Interest Expenses
$
1.44
5.95
5.75
6.16
6.33
2.76%Net Cash (Financing)
$-294.09
-108.48
-115.24
436.03
-267.73
-354.26
-365.00
233.61
-35.68
-223.64
-562.00
-634.18
443.38
169.91%Cash Taxes Paid
$45.58
94.83
63.51
166.21
75.03
120.22
91.64
45.13
73.90
79.16
100.53
183.90
134.48
9.44%-26.87%Effect of Exchange Rate
$-2.26
-0.09
-3.65
-10.53
-10.04
-7.91
12.91
-12.84
2.47
10.94
-11.38
-12.92
3.87
129.94%Increase/Decrease in Cash
$327.33
-357.21
131.90
-95.24
50.82
34.70
-10.79
722.56
-642.84
-40.68
184.28
5.27
-52.55
-1097.00%Cash (Beginning)
$231.87
559.20
201.99
333.89
238.65
289.47
324.17
314.43
1036.99
394.15
353.47
537.75
543.02
7.35%0.98%Cash (Ending)
$559.20
201.99
333.89
238.65
289.47
324.17
313.38
1036.99
394.15
353.47
537.75
543.02
490.47
-1.09%-9.68%NOPAT
$247.53
221.75
351.31
319.93
389.55
339.33
224.55
314.82
472.74
573.92
675.03
487.27
505.99
6.14%3.84%Gross Margin %
67.67%
68.56%
67.61%
68.89%
66.98%
65.43%
65.01%
64.87%
65.87%
64.58%
63.34%
61.74%
60.36%
Operating Margin %
25.09%
22.89%
26.24%
24.93%
21.21%
19.64%
12.63%
13.35%
18.97%
20.59%
22.63%
18.70%
16.72%
NOPAT Margin %
21.37%
16.14%
22.26%
16.29%
17.73%
14.50%
8.97%
11.60%
16.34%
17.95%
19.50%
13.47%
13.27%
Net Margin %
17.34%
14.85%
18.60%
17.00%
14.63%
13.51%
8.72%
10.99%
16.52%
17.42%
18.83%
14.48%
14.37%
Tax Rate %
14.84%
29.49%
15.14%
34.64%
16.43%
26.17%
28.99%
13.15%
13.88%
12.85%
13.81%
27.95%
20.61%
ROA
10.55%
8.53%
11.88%
8.00%
9.30%
7.76%
4.88%
5.76%
6.75%
7.39%
8.29%
5.87%
5.11%
ROE
11.48%
9.45%
13.36%
10.86%
12.48%
10.52%
6.78%
9.86%
12.92%
13.50%
14.90%
11.18%
11.01%
ROIC
33.25%
21.45%
32.44%
20.90%
22.59%
19.50%
10.53%
15.03%
15.71%
17.79%
17.68%
10.64%
10.22%
Asset Turnover
0.49
0.53
0.53
0.49
0.52
0.54
0.54
0.50
0.41
0.41
0.43
0.44
0.39
Equity Multiplier
1.09
1.11
1.12
1.36
1.34
1.36
1.39
1.71
1.92
1.83
1.80
1.90
2.15
Current Ratio
7.56
3.59
3.91
3.78
3.77
3.50
2.82
2.09
3.22
2.54
2.43
2.41
2.16
Quick Ratio
7.14
3.23
3.59
3.26
3.40
3.22
2.52
1.96
3.01
2.32
2.22
2.18
1.90
Debt/Equity Ratio
0.21
0.20
0.20
0.20
0.49
0.73
0.45
0.44
0.52
0.77
Interest Coverage Ratio
381.72
110.60
136.20
109.82
100.72
Working Capital/Sales
0.21
0.16
0.16
0.18
0.19
0.15
0.17
0.16
0.16
0.16
0.15
0.15
0.17
R&D/Sales
0.05
0.05
0.06
0.06
0.07
0.07
0.09
0.09
0.09
0.08
0.10
0.11
0.11
Total Payout
$298.82
96.81
96.71
-575.17
240.81
314.23
305.51
-564.74
-351.93
139.77
468.37
557.71
-740.19
-232.72%Payout Ratio %
120.72%
43.66%
27.53%
-179.78%
61.82%
92.60%
136.06%
-179.39%
-74.45%
24.35%
69.39%
114.46%
-146.29%