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 millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1051,0781,0981,5371,036712
Cash and cash equivalents5425373533941,036313
Short-term investments5635417451,143 399
Receivables679676660552480459
Prepaid expense1017872649286
Capitalized contract cost3744554542✕
Other current assets151720181929
Other undisclosed current assets3128241686623
Total current assets:1,9701,9201,9302,2322,5351,309
Noncurrent Assets
Operating lease, right-of-use asset813816794758✕✕
Property, plant and equipment     911863
Long-term investments and receivables3211,0881,399835209568
Long-term investments3211,0881,399835209568
Intangible assets, net (including goodwill)3,2062,4691,9091,7801,6561,700
Goodwill2,7642,1561,6741,6001,4871,499
Intangible assets, net (excluding goodwill)442313235179168201
Deferred income tax assets33816810777✕✕
Other noncurrent assets117142148173116113
Other undisclosed noncurrent assets1,5401,5341,4781,1523551
Total noncurrent assets:6,3346,2185,8354,7752,9263,294
TOTAL ASSETS:8,3038,1397,7647,0075,4624,603
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities512522499474427364
Accounts payable1451101191399980
Accrued liabilities367412380335328284
Deferred revenue105877771✕✕
Debt    139687 
Deferred revenue and credits✕✕✕✕✕✕78
Contract with customer, liability✕✕✕✕✕69✕
Other liabilities572892822
Other undisclosed current liabilities196176155   
Total current liabilities:8197907586931,211464
Noncurrent Liabilities
Long-term debt and lease obligation2,2852,6832,6222,532874663
Long-term debt, excluding current maturities2,2851,9761,9071,840874663
Liabilities, other than long-term debt839135133124165165
Deferred revenue and credits✕✕✕✕✕✕7
Deferred revenue222554✕✕
Contract with customer, liability✕✕✕✕✕5✕
Deferred tax liabilities, net✕✕✕✕✕ 16
Deferred income tax liabilities18413729✕✕
Other liabilities105699090161143
Operating lease, liability693707715692✕✕
Other undisclosed noncurrent liabilities     20 
Total noncurrent liabilities:3,1242,8182,7552,6561,059828
Total liabilities:3,9433,6093,5133,3492,2701,292
Equity
Equity, attributable to parent4,3604,5304,2513,6583,1923,311
Common stock222222
Additional paid in capital2,5793,3413,6653,6533,6704,073
Accumulated other comprehensive loss(140)(69)(20)(45)(49)(22)
Retained earnings (accumulated deficit)1,9201,25760548(431)(742)
Total equity:4,3604,5304,2513,6583,1923,311
TOTAL LIABILITIES AND EQUITY:8,3038,1397,7647,0075,4624,603

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,6173,4613,1982,8942,7142,503
Cost of revenue(1,384)(1,269)(1,133)(988)(953)(876)
Gross profit:2,2332,1922,0651,9061,7611,627
Operating expenses(1,543)(1,398)(1,370)(1,357)(1,398)(1,311)
Other undisclosed operating loss(14)(11)(37)   
Operating income:676783659549362316
Nonoperating income (expense)(7)1727332419
Investment income, nonoperating 31629342718
Other nonoperating income (expense)(10)2(2)(1)(3)1
Interest and debt expense(11)(72)(69)(49)(43)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:658728616532343316
Income (loss) from equity method investments(8)(14)(13)(1)  
Income from continuing operations before income taxes:650714603531343316
Income tax expense(127)(63)(46)(53)(45)(98)
Income from continuing operations:524652557478298218
Income before gain (loss) on sale of properties:✕✕652557478298218
Net income available to common stockholders, diluted:524652557478298218

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:524652557478298218
Other comprehensive income (loss)     (27)34
Comprehensive income:524652557478271253
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(71)(49)254  
Comprehensive income, net of tax, attributable to parent:452603582482271253

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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