Akamai Technologies, Inc. (AKAM) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0781,0981,5371,036712837750
Cash and cash equivalents5373533941,036313324289
Short-term investments5417451,143 399513460
Receivables676660552480459369380
Prepaid expense78726492862531
Capitalized contract cost44554542
Other current assets17201819293948
Other undisclosed current assets282416866234144
Total current assets:1,9201,9302,2322,5351,3091,3101,253
Noncurrent Assets
Operating lease, right-of-use asset816794758
Property, plant and equipment   911863801753
Long-term investments and receivables1,0881,399835209568779775
Long-term investments1,0881,399835209568779775
Intangible assets, net (including goodwill)2,4691,9091,7801,6561,7001,3781,306
Goodwill2,1561,6741,6001,4871,4991,2291,150
Intangible assets, net (excluding goodwill)313235179168201149156
Deferred income tax assets16810777
Other noncurrent assets1421481731161139696
Other undisclosed noncurrent assets1,5341,4781,152355195
Total noncurrent assets:6,2185,8354,7752,9263,2943,0632,935
TOTAL ASSETS:8,1397,7647,0075,4624,6034,3734,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities522499474427364315278
Accounts payable11011913999807662
Accrued liabilities412380335328284239216
Deferred revenue877771
Debt  139687   
Deferred revenue and credits785354
Contract with customer, liability69
Other liabilities7289282270
Other undisclosed current liabilities176155     
Total current liabilities:7907586931,211464375332
Noncurrent Liabilities
Long-term debt and lease obligation2,6832,6222,532874663640624
Long-term debt, excluding current maturities1,9761,9071,840874663640624
Operating lease, liability707715692
Liabilities, other than long-term debt135133124165165134110
Deferred revenue and credits744
Deferred revenue2554
Contract with customer, liability5
Deferred tax liabilities, net 161213
Deferred income tax liabilities413729
Other liabilities69909016114311993
Other undisclosed noncurrent liabilities   20   
Total noncurrent liabilities:2,8182,7552,6561,059828774735
Total liabilities:3,6093,5133,3492,2701,2921,1491,067
Stockholders' equity
Stockholders' equity attributable to parent4,5304,2513,6583,1923,3113,2243,121
Common stock2222222
Additional paid in capital3,3413,6653,6533,6704,0734,2404,437
Accumulated other comprehensive loss(69)(20)(45)(49)(22)(56)(41)
Retained earnings (accumulated deficit)1,25760548(431)(742)(961)(1,277)
Total stockholders' equity:4,5304,2513,6583,1923,3113,2243,121
TOTAL LIABILITIES AND EQUITY:8,1397,7647,0075,4624,6034,3734,188

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,4613,1982,8942,7142,5032,3402,197
Cost of revenue(1,269)(1,133)(988)(953)(876)(809)(726)
Gross profit:2,1922,0651,9061,7611,6271,5311,472
Operating expenses(1,398)(1,370)(1,357)(1,398)(1,311)(1,071)(1,006)
Other undisclosed operating loss(11)(37)     
Operating income:783659549362316460466
Nonoperating income1727332419189
Investment income, nonoperating16293427181511
Other nonoperating income (expense)2(2)(1)(3)14(2)
Interest and debt expense(72)(69)(49)(43)(19)(19)(19)
Income from continuing operations before equity method investments, income taxes:728616532343316459457
Loss from equity method investments(14)(13)(1)    
Income from continuing operations before income taxes:714603531343316459457
Income tax expense(63)(46)(53)(45)(98)(143)(135)
Net income available to common stockholders, diluted:652557478298218316321

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:652557478298218316321
Other comprehensive income (loss)   (27)34(15)(24)
Comprehensive income:652557478271253301298
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(49)254    
Comprehensive income, net of tax, attributable to parent:603582482271253301298

Statements sources

The financial statements are based on the company's filings with the 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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