2021 Q4 Form 10-Q Financial Statement

#000108622221000285 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $905.4M $860.3M $852.8M
YoY Change 6.98% 8.51% 7.31%
Cost Of Revenue $325.4M $316.9M $320.0M
YoY Change 7.09% 11.79% 15.61%
Gross Profit $580.0M $543.5M $532.8M
YoY Change 6.92% 6.69% 2.88%
Gross Profit Margin 64.06% 63.17% 62.48%
Selling, General & Admin $241.2M $242.8M $246.2M
YoY Change -6.27% -3.32% -2.76%
% of Gross Profit 41.58% 44.67% 46.2%
Research & Development $93.17M $82.90M $77.26M
YoY Change 38.65% 24.15% 20.54%
% of Gross Profit 16.07% 15.25% 14.5%
Depreciation & Amortization $141.7M $139.7M $137.7M
YoY Change 10.96% 17.53% 19.11%
% of Gross Profit 24.43% 25.71% 25.84%
Operating Expenses $366.9M $325.7M $323.4M
YoY Change 2.86% 2.45% 1.95%
Operating Profit $213.1M $205.3M $199.4M
YoY Change 14.7% 13.31% 4.73%
Interest Expense -$14.88M $18.14M $18.04M
YoY Change 34.08% 4.73% 4.57%
% of Operating Profit -6.99% 8.84% 9.04%
Other Income/Expense, Net -$222.0K $3.635M -$811.0K
YoY Change -104.11% -268.44% -49.41%
Pretax Income $181.0M $193.6M $185.3M
YoY Change 40.29% 15.27% 2.34%
Income Tax $19.02M $13.65M $18.01M
% Of Pretax Income 10.51% 7.05% 9.72%
Net Earnings $160.5M $178.9M $156.5M
YoY Change 41.6% 12.79% -3.35%
Net Earnings / Revenue 17.73% 20.8% 18.35%
Basic Earnings Per Share $0.99 $1.10 $0.96
Diluted Earnings Per Share $973.3K $1.08 $0.94
COMMON SHARES
Basic Shares Outstanding 162.5M shares 162.8M shares 163.1M shares
Diluted Shares Outstanding 166.3M shares 166.3M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.077B $1.917B $1.416B
YoY Change -1.81% 32.72% 3.17%
Cash & Equivalents $536.7M $1.265B $581.1M
Short-Term Investments $540.6M $651.9M $835.1M
Other Short-Term Assets $16.66M $184.5M $180.2M
YoY Change -18.58% 9.3% 2.54%
Inventory
Prepaid Expenses
Receivables $675.9M $660.1M $656.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.920B $2.762B $2.253B
YoY Change -0.47% 23.12% 2.75%
LONG-TERM ASSETS
Property, Plant & Equipment $1.534B $1.543B $1.538B
YoY Change 3.79% 11.55% 20.06%
Goodwill $2.156B $1.680B $1.686B
YoY Change 28.78% 5.1% 5.68%
Intangibles $313.2M $203.6M $217.5M
YoY Change 33.44% 10.36% 11.58%
Long-Term Investments $1.088B $835.1M $1.165B
YoY Change -22.22% -24.77% 14.31%
Other Assets $142.3M $133.8M $131.6M
YoY Change -3.58% -11.6% -8.31%
Total Long-Term Assets $6.218B $5.354B $5.668B
YoY Change 6.58% 1.56% 12.64%
TOTAL ASSETS
Total Short-Term Assets $1.920B $2.762B $2.253B
Total Long-Term Assets $6.218B $5.354B $5.668B
Total Assets $8.139B $8.115B $7.921B
YoY Change 4.82% 8.0% 9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $109.9M $98.31M $93.47M
YoY Change -7.27% -14.41% -39.29%
Accrued Expenses $411.6M $376.0M $289.2M
YoY Change 8.18% 1.68% 9.69%
Deferred Revenue $86.52M $83.37M $95.22M
YoY Change 12.95% -6.26% 1.67%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $790.3M $731.4M $647.4M
YoY Change 4.24% 2.0% -1.52%
LONG-TERM LIABILITIES
Long-Term Debt $1.976B $1.959B $1.941B
YoY Change 3.64% 3.64% 3.64%
Other Long-Term Liabilities $68.75M $80.05M $81.45M
YoY Change -23.47% -1.64% -1.12%
Total Long-Term Liabilities $68.75M $80.05M $81.45M
YoY Change -23.47% -1.64% -1.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $790.3M $731.4M $647.4M
Total Long-Term Liabilities $68.75M $80.05M $81.45M
Total Liabilities $3.609B $3.533B $3.444B
YoY Change 2.73% 3.71% 3.73%
SHAREHOLDERS EQUITY
Retained Earnings $1.257B $1.096B $917.2M
YoY Change 107.7% 122.94% 175.4%
Common Stock $1.605M $1.647M $1.645M
YoY Change -1.35% 0.37% 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $251.3M $154.4M
YoY Change 107.52% 43.14%
Treasury Stock Shares 0.000 shares 2.309M shares 1.462M shares
Shareholders Equity $4.530B $4.582B $4.477B
YoY Change
Total Liabilities & Shareholders Equity $8.139B $8.115B $7.921B
YoY Change 4.82% 8.0% 9.64%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $160.5M $178.9M $156.5M
YoY Change 41.6% 12.79% -3.35%
Depreciation, Depletion And Amortization $141.7M $139.7M $137.7M
YoY Change 10.96% 17.53% 19.11%
Cash From Operating Activities $386.9M $389.7M $378.1M
YoY Change 32.91% -3.05% 26.59%
INVESTING ACTIVITIES
Capital Expenditures -$109.7M -$116.2M -$154.6M
YoY Change -34.47% -49.19% 28.61%
Acquisitions
YoY Change
Other Investing Activities -$734.3M $509.2M -$5.040M
YoY Change 62.99% 12320.24% -116.47%
Cash From Investing Activities -$844.0M $393.0M -$159.6M
YoY Change 36.56% -274.97% 77.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -269.2M -93.16M -98.82M
YoY Change 279.19% 778.84% 227.22%
NET CHANGE
Cash From Operating Activities 386.9M 389.7M 378.1M
Cash From Investing Activities -844.0M 393.0M -159.6M
Cash From Financing Activities -269.2M -93.16M -98.82M
Net Change In Cash -726.3M 689.6M 119.7M
YoY Change 82.53% 313.41% -33.07%
FREE CASH FLOW
Cash From Operating Activities $386.9M $389.7M $378.1M
Capital Expenditures -$109.7M -$116.2M -$154.6M
Free Cash Flow $496.6M $506.0M $532.7M
YoY Change 8.31% -19.79% 27.17%

Facts In Submission

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2.69
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162767000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162757000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162967000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162387000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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166318000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166519000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166090000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164990000 shares
CY2021Q3 us-gaap Net Income Loss
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178916000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
158623000 USD
us-gaap Net Income Loss
NetIncomeLoss
491108000 USD
us-gaap Net Income Loss
NetIncomeLoss
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
13177000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-28444000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7292000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
353000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
559000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1700000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3120000 USD
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1009000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6582000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-22169000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11453000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-33525000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-710000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
156747000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
170076000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
457583000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
442974000 USD
us-gaap Net Income Loss
NetIncomeLoss
491108000 USD
us-gaap Net Income Loss
NetIncomeLoss
443684000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
408933000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
350681000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
153804000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
146901000 USD
us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Amortization Of Financing Costs And Discounts
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49284000 USD
us-gaap Amortization Of Financing Costs And Discounts
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47057000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15225000 USD
us-gaap Increase Decrease In Accounts Receivable
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85439000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15099000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
21380000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-16263000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
49818000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8263000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14803000 USD
us-gaap Increase Decrease In Restructuring Reserve
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-17958000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-1638000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
10864000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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14316000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1017663000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
923907000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15638000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-106000 USD
akam Payments To Acquire Assets
PaymentsToAcquireAssets
0 USD
akam Payments To Acquire Assets
PaymentsToAcquireAssets
36376000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
265131000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
395793000 USD
us-gaap Payments For Software
PaymentsForSoftware
170404000 USD
us-gaap Payments For Software
PaymentsForSoftware
168634000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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611732000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1153526000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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438370000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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29809000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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823255000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1301354000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1665000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1980000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
197055000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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46942000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
45812000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
88195000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
77299000 USD
us-gaap Payments For Repurchase Of Common Stock
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251257000 USD
us-gaap Payments For Repurchase Of Common Stock
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121078000 USD
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-268000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3535000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
56401000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
48357000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
912712000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
349837000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
353466000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
394146000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1266178000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
743983000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
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us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
16674000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
82003000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
31634000 USD
us-gaap Interest Paid Net
InterestPaidNet
5031000 USD
us-gaap Interest Paid Net
InterestPaidNet
5235000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
167457000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
144322000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
173427000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
128177000 USD
CY2020Q2 us-gaap Stockholders Equity
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q3 us-gaap Restricted Cash
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CY2020Q3 us-gaap Restricted Cash
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1266178000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
743983000 USD
CY2021Q2 us-gaap Stockholders Equity
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StockIssuedDuringPeriodValueExerciseOfStockOptionsandVestingofRestrictedandDeferredStockUnits
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57748000 USD
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CY2021Q3 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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6582000 USD
CY2020Q3 us-gaap Stockholders Equity
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CY2021Q3 akam Number Of Servers
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325000 server
CY2021Q3 akam Number Of Countries Servers Are In
NumberOfCountriesServersAreIn
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CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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813414000 USD
CY2020Q4 akam Availableforsale Securities Debt Maturities Year Two Through Three Fair Value
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CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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3064000 USD
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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8538000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
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2268000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q3 akam Contract Cost Capitalized During Period
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CY2020Q3 akam Contract Cost Capitalized During Period
ContractCostCapitalizedDuringPeriod
16550000 USD
akam Contract Cost Capitalized During Period
ContractCostCapitalizedDuringPeriod
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akam Contract Cost Capitalized During Period
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39925000 USD
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542933000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
339337000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
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203596000 USD
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304175000 USD
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234724000 USD
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12000000 USD
us-gaap Amortization Of Intangible Assets
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35400000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
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10300000 USD
us-gaap Amortization Of Intangible Assets
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31200000 USD
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12100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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44300000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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36900000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
29200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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23700000 USD
CY2020Q4 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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10741000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-267000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-4349000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
1680496000 USD
CY2021Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
17504000 USD
CY2020Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
16866000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
52029000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
50130000 USD
CY2021Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
937000 USD
CY2020Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1119000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
320600000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49018000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50217000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
153804000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
146901000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2745000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3073000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
18144000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
17324000 USD
us-gaap Interest Expense
InterestExpense
54015000 USD
us-gaap Interest Expense
InterestExpense
51778000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
22051000 USD
us-gaap Restructuring Charges
RestructuringCharges
5194000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
23856000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
300000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
3089000 USD
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1100000000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11683000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
15604000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
40245000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
45063000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
37335000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
34613000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
113559000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
101838000 USD
CY2021Q3 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
7900000 USD
akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
24500000 USD
CY2020Q3 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
7100000 USD
akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
21900000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-33525000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
860333000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
792845000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2555865000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2351862000 USD
CY2021Q3 akam Numberof Divisions
NumberofDivisions
2 division
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
860333000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
792845000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2555865000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2351862000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
72200000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
66000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2800000000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
48000000 USD
CY2021Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
30000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.080
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.086
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
178916000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
158623000 USD
us-gaap Net Income Loss
NetIncomeLoss
491108000 USD
us-gaap Net Income Loss
NetIncomeLoss
443684000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162767000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162757000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162967000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162387000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
19000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
27000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1520000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2024000 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1515000 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1781000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2028000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1732000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1589000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
795000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166318000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166519000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166090000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164990000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.73
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33227000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33388000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33948000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
38089000 shares

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