Akamai Technologies, Inc. (AKAM) financial statements (2020 and earlier)

Company profile

Business Address 150 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5701,036712837750758674
Cash and cash equivalents7381,036313324289239334
Short-term investments832 399513460520340
Receivables517480459369380330272
Prepaid expense 9286253145 
Capitalized contract cost 42
Other current assets 1929394847 
Other undisclosed current assets1678662341448384
Total current assets:2,2542,5351,3091,3101,2531,2631,030
Noncurrent Assets
Operating lease, right-of-use asset349
Property, plant and equipment1,080911863801753602450
Long-term investments and receivables734209568779775870598
Long-term investments734209568779775870573
Accounts and financing receivable, after allowance for credit loss      25
Intangible assets, net (including goodwill)1,7501,6561,7001,3781,3061,184835
Goodwill1,5831,4871,4991,2291,1501,051757
Intangible assets, net (excluding goodwill)16616820114915613277
Deferred income tax assets39
Other noncurrent assets15111611396968268
Other undisclosed noncurrent assets 3551952(23)
Total noncurrent assets:4,1042,9263,2943,0632,9352,7391,928
TOTAL ASSETS:6,3575,4624,6034,3734,1884,0022,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities413427364315278448347
Accounts payable108998076627774
Accrued liabilities304328284239216205150
Employee-related liabilities     12690
Taxes payable     4033
Deferred revenue99
Debt87687     
Deferred revenue and credits7853545037
Contract with customer, liability69
Other liabilities428227022
Other undisclosed current liabilities     (166)(123)
Total current liabilities:6031,211464375332334263
Noncurrent Liabilities
Long-term debt and lease obligation2,120874663640624605 
Long-term debt, excluding current maturities1,823874663640624605 
Operating lease, liability297
Liabilities, other than long-term debt13316516513411011765
Deferred revenue and credits74443
Deferred revenue5
Contract with customer, liability5
Deferred tax liabilities, net 161213395
Deferred income tax liabilities22
Restructuring reserve      0
Other liabilities107161143119937457
Other undisclosed noncurrent liabilities 20    (0)
Total noncurrent liabilities:2,2531,05982877473572265
Total liabilities:2,8562,2701,2921,1491,0671,056328
Stockholders' equity
Stockholders' equity attributable to parent3,5023,1923,3113,2243,1212,9452,629
Common stock2222222
Treasury stock, value(292)      
Additional paid in capital3,9193,6704,0734,2404,4374,5594,562
Accumulated other comprehensive loss(56)(49)(22)(56)(41)(18)(2)
Accumulated deficit(71)(431)(742)(961)(1,277)(1,598)(1,932)
Total stockholders' equity:3,5023,1923,3113,2243,1212,9452,629
TOTAL LIABILITIES AND EQUITY:6,3575,4624,6034,3734,1884,0022,958

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,8352,7142,5032,3402,1971,9641,578
Cost of revenue(974)(953)(876)(809)(726)(611)(511)
Gross profit:1,8611,7611,6271,5311,4721,3531,067
Operating expenses(1,327)(1,398)(1,311)(1,071)(1,006)(970)(725)
Other undisclosed operating income     10672
Operating income:534362316460466490414
Nonoperating income30241918956
Investment income, nonoperating302718151176
Other nonoperating income (expense)(1)(3)14(2)(2)(0)
Interest and debt expense(47)(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:516343316459457480420
Loss from equity method investments(1)      
Income from continuing operations before income taxes:515343316459457480420
Income tax expense(62)(45)(98)(143)(135)(146)(126)
Net income available to common stockholders, diluted:453298218316321334293

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:453298218316321334293
Other comprehensive income (loss)6(27)34(15)(24)(16)(0)
Comprehensive income:459271253301298318293
Other undisclosed comprehensive loss, net of tax, attributable to parent(14)      
Comprehensive income, net of tax, attributable to parent:445271253301298318293

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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