Akamai Technologies Inc. (AKAM) Financial Statements (2024 and earlier)

Company Profile

Business Address 145 BROADWAY
CAMBRIDGE, MA 02142
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments939,262790,559751,9131,105,316864,148690,689
Cash and cash equivalents459,907298,612298,800542,337457,816426,710
Short-term investments479,355491,947453,113562,979406,332263,979
Receivables713,382698,445705,817679,206622,027668,425
Prepaid expense   101,440  
Capitalized contract cost   37,316  
Other current assets   14,999  
Other undisclosed current assets214,737229,468239,98131,285209,398207,043
Total current assets:1,867,3811,718,4721,697,7111,969,5621,695,5731,566,157
Noncurrent Assets
Operating lease, right-of-use asset883,686884,687850,282813,372803,404797,313
Long-term investments and receivables2,397,329477,296577,524320,531488,526640,668
Long-term investments2,397,329477,296577,524320,531488,526640,668
Intangible assets, net (including goodwill)3,308,2233,285,7243,214,0923,205,5543,208,3993,240,535
Goodwill2,843,0202,848,4672,781,8592,763,8382,753,3692,763,828
Intangible assets, net (excluding goodwill)465,203437,257432,233441,716455,030476,707
Deferred income tax assets405,251337,034334,733337,677285,722292,817
Other noncurrent assets122,395124,756133,208116,522105,317131,689
Other undisclosed noncurrent assets597,8231,517,9961,375,7831,540,1821,520,4281,541,875
Total noncurrent assets:7,714,7076,627,4936,485,6226,333,8386,411,7966,644,897
TOTAL ASSETS:9,582,0888,345,9658,183,3338,303,4008,107,3698,211,054
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities473,820463,758459,053512,437448,262438,051
Accounts payable144,466194,493202,129145,420119,051131,649
Accrued liabilities329,354269,265256,924367,017329,211306,402
Deferred revenue124,394138,608140,927105,109109,792111,771
Debt  20,000   75,000
Other liabilities7,18721,18431,2185,2287,1815,317
Other undisclosed current liabilities205,090217,224205,055196,094187,776186,945
Total current liabilities:810,491860,774836,253818,868753,011817,084
Noncurrent Liabilities
Long-term debt and lease obligation3,536,3422,287,4812,286,3692,285,2582,965,5542,962,068
Long-term debt, excluding current maturities3,536,3422,287,4812,286,3692,285,2582,284,1472,283,037
Liabilities, other than long-term debt911,051908,543889,370839,087155,620151,424
Deferred revenue26,99127,14923,75422,11722,29025,448
Deferred income tax liabilities20,93518,83920,43918,40038,14639,367
Other liabilities102,472104,253109,369105,30595,18486,609
Operating lease, liability760,653758,302735,808693,265681,407679,031
Total noncurrent liabilities:4,447,3933,196,0243,175,7393,124,3453,121,1743,113,492
Total liabilities:5,257,8844,056,7984,011,9923,943,2133,874,1853,930,576
Equity
Equity, attributable to parent4,324,2044,289,1674,171,3414,360,1874,233,1844,280,478
Common stock1,5831,5801,5731,5651,6221,620
Treasury stock, value (603,632)(490,403)(351,772) (430,269)(267,642)
Additional paid in capital2,756,9102,751,6812,625,2442,578,6033,104,9703,054,200
Accumulated other comprehensive loss(137,472)(119,964)(121,161)(140,332)(186,672)(143,079)
Retained earnings2,306,8152,146,2732,017,4571,920,3511,743,5331,635,379
Total equity:4,324,2044,289,1674,171,3414,360,1874,233,1844,280,478
TOTAL LIABILITIES AND EQUITY:9,582,0888,345,9658,183,3338,303,4008,107,3698,211,054

Income Statement (P&L) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues965,484935,721915,698927,779881,896903,332
Cost of revenue(383,075)(373,275)(361,316)(357,968)(346,450)(346,649)
Gross profit:582,409562,446554,382569,811535,446556,683
Operating expenses(403,685)(403,304)(383,021)(401,765)(374,781)(376,926)
Other undisclosed operating income (loss)(2,595)(9,357)(44,723)(571)(227)(4,715)
Operating income:176,129149,785126,638167,475160,438175,042
Nonoperating income (expense)(3,161)(1,130)(2,363)1,849(275)816
Investment income, nonoperating    3,258  
Other nonoperating income (expense)(3,161)(1,130)(2,363)(1,409)(275)816
Interest and debt expense(4,987)(3,157)(2,681)(2,684)(2,785)(2,932)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11,4124,5095,2921,760782(2,331)
Income from continuing operations before equity method investments, income taxes:179,393150,007126,886168,400158,160170,595
Income from equity method investments 1,475     
Income from continuing operations before income taxes:180,868150,007126,886168,400158,160170,595
Income tax expense (benefit)(20,326)(21,191)(29,780)8,418(50,006)(51,058)
Income from continuing operations:160,542128,81697,106176,818108,154119,537
Income before gain (loss) on sale of properties:108,154119,537
Net income available to common stockholders, diluted:160,542128,81697,106176,818108,154119,537

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:160,542128,81697,106176,818108,154119,537
Comprehensive income:160,542128,81697,106176,818108,154119,537
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(17,508)1,19719,17146,340(43,593)(54,468)
Comprehensive income, net of tax, attributable to parent:143,034130,013116,277223,15864,56165,069

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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