Akamai Technologies, Inc. (AKAM) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0981,5371,036712837750758
Cash and cash equivalents3533941,036313324289239
Short-term investments7451,143 399513460520
Receivables660552480459369380330
Prepaid expense72649286253145
Capitalized contract cost554542
Other current assets20181929394847
Other undisclosed current assets241686623414483
Total current assets:1,9302,2322,5351,3091,3101,2531,263
Noncurrent Assets
Operating lease, right-of-use asset794758
Property, plant and equipment  911863801753602
Long-term investments and receivables1,399835209568779775870
Long-term investments1,399835209568779775870
Intangible assets, net (including goodwill)1,9091,7801,6561,7001,3781,3061,184
Goodwill1,6741,6001,4871,4991,2291,1501,051
Intangible assets, net (excluding goodwill)235179168201149156132
Deferred income tax assets10777
Other noncurrent assets148173116113969682
Other undisclosed noncurrent assets1,4781,1523551952
Total noncurrent assets:5,8354,7752,9263,2943,0632,9352,739
TOTAL ASSETS:7,7647,0075,4624,6034,3734,1884,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities499474427364315278448
Accounts payable1191399980766277
Accrued liabilities380335328284239216205
Employee-related liabilities      126
Taxes payable      40
Deferred revenue7771
Debt 139687    
Deferred revenue and credits78535450
Contract with customer, liability69
Other liabilities2892822702
Other undisclosed current liabilities155     (166)
Total current liabilities:7586931,211464375332334
Noncurrent Liabilities
Long-term debt and lease obligation2,6222,532874663640624605
Long-term debt, excluding current maturities1,9071,840874663640624605
Operating lease, liability715692
Liabilities, other than long-term debt133124165165134110117
Deferred revenue and credits7444
Deferred revenue54
Contract with customer, liability5
Deferred tax liabilities, net 16121339
Deferred income tax liabilities3729
Other liabilities90901611431199374
Other undisclosed noncurrent liabilities  20    
Total noncurrent liabilities:2,7552,6561,059828774735722
Total liabilities:3,5133,3492,2701,2921,1491,0671,056
Stockholders' equity
Stockholders' equity attributable to parent4,2513,6583,1923,3113,2243,1212,945
Common stock2222222
Additional paid in capital3,6653,6533,6704,0734,2404,4374,559
Accumulated other comprehensive loss(20)(45)(49)(22)(56)(41)(18)
Retained earnings (accumulated deficit)60548(431)(742)(961)(1,277)(1,598)
Total stockholders' equity:4,2513,6583,1923,3113,2243,1212,945
TOTAL LIABILITIES AND EQUITY:7,7647,0075,4624,6034,3734,1884,002

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,1982,8942,7142,5032,3402,1971,964
Cost of revenue(1,133)(988)(953)(876)(809)(726)(611)
Gross profit:2,0651,9061,7611,6271,5311,4721,353
Operating expenses(1,370)(1,357)(1,398)(1,311)(1,071)(1,006)(970)
Other undisclosed operating income (loss)(37)     106
Operating income:659549362316460466490
Nonoperating income273324191895
Investment income, nonoperating2934271815117
Other nonoperating income (expense)(2)(1)(3)14(2)(2)
Interest and debt expense(69)(49)(43)(19)(19)(19)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes      0
Income from continuing operations before equity method investments, income taxes:616532343316459457480
Loss from equity method investments(13)(1)     
Income from continuing operations before income taxes:603531343316459457480
Income tax expense(46)(53)(45)(98)(143)(135)(146)
Net income available to common stockholders, diluted:557478298218316321334

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:557478298218316321334
Other comprehensive income (loss)  (27)34(15)(24)(16)
Comprehensive income:557478271253301298318
Other undisclosed comprehensive income, net of tax, attributable to parent254     
Comprehensive income, net of tax, attributable to parent:582482271253301298318

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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