2021 Q4 Form 10-K Financial Statement

#000108622222000058 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $905.4M $3.461B $846.3M
YoY Change 6.98% 8.23% 9.61%
Cost Of Revenue $325.4M $1.269B $303.8M
YoY Change 7.09% 12.03% 17.88%
Gross Profit $580.0M $2.192B $542.4M
YoY Change 6.92% 6.14% 5.46%
Gross Profit Margin 64.06% 63.34% 64.1%
Selling, General & Admin $241.2M $1.015B $257.3M
YoY Change -6.27% -4.09% 0.0%
% of Gross Profit 41.58% 46.3% 47.43%
Research & Development $93.17M $335.4M $67.20M
YoY Change 38.65% 24.53% -2.47%
% of Gross Profit 16.07% 15.3% 12.39%
Depreciation & Amortization $141.7M $550.6M $127.7M
YoY Change 10.96% 15.1% 10.28%
% of Gross Profit 24.43% 25.12% 23.54%
Operating Expenses $366.9M $1.350B $356.7M
YoY Change 2.86% 1.71% -0.36%
Operating Profit $213.1M $783.1M $185.7M
YoY Change 14.7% 18.92% 18.78%
Interest Expense -$14.88M $72.33M -$11.10M
YoY Change 34.08% 4.65% 109.43%
% of Operating Profit -6.99% 9.24% -5.98%
Other Income/Expense, Net -$222.0K $1.785M $5.400M
YoY Change -104.11% -172.74% -1000.0%
Pretax Income $181.0M $70.30M $129.0M
YoY Change 40.29% 55.97% -0.31%
Income Tax $19.02M $62.57M $4.200M
% Of Pretax Income 10.51% 89.01% 3.26%
Net Earnings $160.5M $651.6M $113.4M
YoY Change 41.6% 16.98% -4.81%
Net Earnings / Revenue 17.73% 18.83% 13.4%
Basic Earnings Per Share $0.99 $4.01 $0.70
Diluted Earnings Per Share $973.3K $3.93 $0.68
COMMON SHARES
Basic Shares Outstanding 162.5M shares 162.7M shares 162.8M shares
Diluted Shares Outstanding 165.8M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.077B $1.078B $1.097B
YoY Change -1.81% -1.81% -28.6%
Cash & Equivalents $536.7M $536.7M $352.9M
Short-Term Investments $540.6M $541.5M $744.3M
Other Short-Term Assets $16.66M $134.3M $20.46M
YoY Change -18.58% -4.62% 16.23%
Inventory
Prepaid Expenses
Receivables $675.9M $675.9M $660.1M
Other Receivables $0.00 $32.02M $0.00
Total Short-Term Assets $1.920B $1.920B $1.930B
YoY Change -0.47% -0.47% -13.54%
LONG-TERM ASSETS
Property, Plant & Equipment $1.534B $2.350B $1.478B
YoY Change 3.79% 3.43% 28.31%
Goodwill $2.156B $1.674B
YoY Change 28.78% 4.63%
Intangibles $313.2M $234.7M
YoY Change 33.44% 30.82%
Long-Term Investments $1.088B $1.096B $1.399B
YoY Change -22.22% -21.68% 67.44%
Other Assets $142.3M $303.1M $147.6M
YoY Change -3.58% 19.11% -14.73%
Total Long-Term Assets $6.218B $6.218B $5.835B
YoY Change 6.58% 6.58% 22.18%
TOTAL ASSETS
Total Short-Term Assets $1.920B $1.920B $1.930B
Total Long-Term Assets $6.218B $6.218B $5.835B
Total Assets $8.139B $8.139B $7.764B
YoY Change 4.82% 4.82% 10.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $109.9M $109.9M $118.5M
YoY Change -7.27% -7.23% -14.68%
Accrued Expenses $411.6M $514.3M $380.5M
YoY Change 8.18% 6.16% 13.62%
Deferred Revenue $86.52M $76.60M
YoY Change 12.95% 7.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $790.3M $790.3M $758.2M
YoY Change 4.24% 4.24% 9.35%
LONG-TERM LIABILITIES
Long-Term Debt $1.976B $1.976B $1.907B
YoY Change 3.64% 3.64% 3.64%
Other Long-Term Liabilities $68.75M $801.2M $89.83M
YoY Change -23.47% -1.15% -0.26%
Total Long-Term Liabilities $68.75M $2.777B $89.83M
YoY Change -23.47% 2.21% -0.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $790.3M $790.3M $758.2M
Total Long-Term Liabilities $68.75M $2.777B $89.83M
Total Liabilities $3.609B $3.609B $3.513B
YoY Change 2.73% 2.73% 4.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.257B $605.1M
YoY Change 107.7% 1160.63%
Common Stock $1.605M $1.627M
YoY Change -1.35% 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $4.530B $4.530B $4.251B
YoY Change
Total Liabilities & Shareholders Equity $8.139B $8.139B $7.764B
YoY Change 4.82% 4.82% 10.81%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $160.5M $651.6M $113.4M
YoY Change 41.6% 16.98% -4.81%
Depreciation, Depletion And Amortization $141.7M $550.6M $127.7M
YoY Change 10.96% 15.1% 10.28%
Cash From Operating Activities $386.9M $1.405B $291.1M
YoY Change 32.91% 15.6% 3.19%
INVESTING ACTIVITIES
Capital Expenditures -$109.7M $329.0M -$167.4M
YoY Change -34.47% -36.04% 25.21%
Acquisitions $598.8M
YoY Change 367.84%
Other Investing Activities -$734.3M $4.322M -$450.5M
YoY Change 62.99% -153.22% -1.23%
Cash From Investing Activities -$844.0M -$646.9M -$618.0M
YoY Change 36.56% -37.98% 4.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $522.3M
YoY Change 169.78%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -269.2M -$562.0M -71.00M
YoY Change 279.19% 151.3% 65.12%
NET CHANGE
Cash From Operating Activities 386.9M $1.405B 291.1M
Cash From Investing Activities -844.0M -$646.9M -618.0M
Cash From Financing Activities -269.2M -$562.0M -71.00M
Net Change In Cash -726.3M $184.3M -397.9M
YoY Change 82.53% -553.01% 13.49%
FREE CASH FLOW
Cash From Operating Activities $386.9M $1.405B $291.1M
Capital Expenditures -$109.7M $329.0M -$167.4M
Free Cash Flow $496.6M $1.076B $458.5M
YoY Change 8.31% 53.51% 10.27%

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CY2019 us-gaap Repayments Of Senior Debt
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CY2019 akam Employee Taxes Paid Related To Net Share Settlement Of Equity Awards
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
537751000 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
CY2021 us-gaap Proceeds From Income Tax Refunds
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14808000 USD
CY2020 us-gaap Proceeds From Income Tax Refunds
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17491000 USD
CY2019 us-gaap Proceeds From Income Tax Refunds
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CY2021 us-gaap Income Taxes Paid Net
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100533000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2021 us-gaap Operating Lease Payments
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Restricted Cash
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CY2019Q4 us-gaap Restricted Cash
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537751000 USD
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353466000 USD
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394146000 USD
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CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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222857000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
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23170000 USD
CY2019 akam Adjustmentsto Additional Paidin Capital Equity Componentof Convertible Debt Issuance Costs
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2880000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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240820000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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185150000 USD
CY2019 akam Adjustmentsto Additional Paidin Capital Derivative Purchase Relatedto Convertible Senior Notes
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312225000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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334519000 USD
CY2019 us-gaap Treasury Stock Retired Cost Method Amount
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0 USD
CY2019 us-gaap Net Income Loss
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478035000 USD
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4788000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
3657958000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
3657958000 USD
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58402000 USD
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235629000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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193588000 USD
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0 USD
CY2020 us-gaap Net Income Loss
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557054000 USD
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19629000 USD
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5314000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
4251296000 USD
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59714000 USD
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238277000 USD
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522255000 USD
CY2021 us-gaap Treasury Stock Retired Cost Method Amount
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0 USD
CY2021 us-gaap Net Income Loss
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651642000 USD
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-38514000 USD
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-10390000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
4530014000 USD
CY2021Q4 akam Number Of Servers
NumberOfServers
350000 server
CY2021Q4 akam Number Of Countries Servers Are In
NumberOfCountriesServersAreIn
130 country
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and the amounts disclosed in the related notes to the consolidated financial statements. Actual results and outcomes may differ materially from management’s estimates, judgments and assumptions. Significant estimates, judgments and assumptions used in these financial statements include, but are not limited to, those related to revenue, accounts receivable and related reserves, valuation and impairment of investments and marketable securities, valuation and useful lives of acquired intangible assets, useful lives and realizability of long-lived assets, capitalized internal-use software development costs, income tax reserves and accounting for stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. The effects of material revisions in estimates are reflected in the consolidated financial statements prospectively from the date of the change in estimate.</span></div>
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The amounts reflected in the consolidated balance sheets for accounts receivable, other current assets, accounts payable, accrued liabilities and other current liabilities approximate fair values due to their short-term maturities. The Company maintains the majority of its cash, cash equivalents and marketable securities with major financial institutions that the Company believes to be of high credit standing. The Company believes that, as of December 31, 2021, its concentration of credit risk related to cash equivalents and marketable securities was not significant.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Concentrations of credit risk with respect to accounts receivable are primarily limited to certain customers to which the Company makes substantial sales. The Company’s customer base consists of a large number of geographically-dispersed customers diversified across several industries. To reduce risk, the Company routinely assesses the financial strength of its customers. Based on such assessments, the Company believes that its accounts receivable credit risk exposure is limited. For the years ended December 31, 2021, 2020 and 2019, no customer accounted for more than 10% of total revenue. As of December 31, 2021, there was one customer with an accounts receivable balance greater than 10% of total accounts receivable, and as of December 31, 2020, no customer had an accounts receivable balance greater than 10% of total accounts receivable. The Company believes that, as of December 31, 2021, its concentration of credit risk related to accounts receivable was not significant.</span></div>
CY2021Q4 akam Property And Equipment Per Unit Value Minimum
PropertyAndEquipmentPerUnitValueMinimum
1000 USD
CY2021 akam Property And Equipment Useful Life Minimum
PropertyAndEquipmentUsefulLifeMinimum
P1Y
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1610775000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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1194000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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5580000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1606389000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
540574000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
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1065815000 USD
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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9824000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
339000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2124026000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
744290000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1379736000 USD
CY2021Q4 us-gaap Assets Fair Value Disclosure
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CY2020Q4 us-gaap Assets Fair Value Disclosure
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2247224000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
540574000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
744290000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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1065815000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1379736000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1606389000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2021Q4 us-gaap Accounts Receivable Gross Current
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CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1397000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1822000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
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675926000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
660052000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1822000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1880000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1534000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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4576000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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12347000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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5116000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
4770000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1397000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1822000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1880000 USD
CY2021Q4 us-gaap Prepaid Taxes
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32021000 USD
CY2020Q4 us-gaap Prepaid Taxes
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30682000 USD
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28300000 USD
CY2020Q4 akam Prepaid Salesand Other Taxes Current
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24034000 USD
CY2021Q4 us-gaap Supplies
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10661000 USD
CY2020Q4 us-gaap Supplies
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15526000 USD
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43562000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net Current
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35109000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
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16660000 USD
CY2020Q4 us-gaap Other Assets Current
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20461000 USD
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CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2021 us-gaap Capitalized Contract Cost Amortization
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CY2020 us-gaap Capitalized Contract Cost Amortization
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CY2019 us-gaap Capitalized Contract Cost Amortization
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CY2020 akam Contract Cost Capitalized During Period
ContractCostCapitalizedDuringPeriod
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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2260247000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2041818000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2021 us-gaap Depreciation
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502600000 USD
CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
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402100000 USD
CY2021 akam Capitalized Stockbased Compensation Relatedto Software
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35000000 USD
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CapitalizedStockbasedCompensationRelatedtoSoftware
38000000 USD
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CapitalizedStockbasedCompensationRelatedtoSoftware
35900000 USD
CY2021 us-gaap Property Plant And Equipment Disposals
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283400000 USD
CY2020 us-gaap Property Plant And Equipment Disposals
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279900000 USD
CY2021 us-gaap Capitalized Computer Software Impairments1
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3400000 USD
CY2020 us-gaap Capitalized Computer Software Impairments1
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351601000 USD
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304175000 USD
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AmortizationOfIntangibleAssets
48000000 USD
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42000000 USD
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38600000 USD
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48100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
43500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
38900000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
35800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
31000000 USD
CY2020Q4 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill
Goodwill
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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GoodwillForeignCurrencyTranslationGainLoss
4962000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
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CY2020Q4 us-gaap Goodwill
Goodwill
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CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
13300000 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5600000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1900000 USD
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222535000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
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218588000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
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50812000 USD
CY2021Q4 akam Bandwidth And Co Location
BandwidthAndCoLocation
72904000 USD
CY2020Q4 akam Bandwidth And Co Location
BandwidthAndCoLocation
67170000 USD
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
33883000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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35390000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
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2929000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
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2245000 USD
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6393000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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6263000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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411590000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
69697000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
67153000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
52059000 USD
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3672000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4330000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
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CY2021 us-gaap Interest Expense
InterestExpense
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CY2020 us-gaap Interest Expense
InterestExpense
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CY2019 us-gaap Interest Expense
InterestExpense
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OperatingLeaseCost
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CY2021 us-gaap Short Term Lease Cost
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CY2021 us-gaap Lease Cost
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CY2020 us-gaap Operating Lease Cost
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CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
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CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
55494000 USD
CY2020 us-gaap Sublease Income
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22064000 USD
CY2020 us-gaap Lease Cost
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CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2019 us-gaap Variable Lease Cost
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CY2019 us-gaap Sublease Income
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1800000000 USD
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196400000 USD
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5700000 USD
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1100000000 USD
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CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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78800000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
69900000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
64100000 USD
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3100000000 USD
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P12M
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
17700000 USD
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
17500000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
16600000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
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202759000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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62153000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
51177000 USD
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135258000 USD
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CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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315500000 USD
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P1Y9M18D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6000 shares
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11.60
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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3.94
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.08
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y6M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
100000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
41.08
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y6M18D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
41.08
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y6M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
100000 USD
CY2021Q4 us-gaap Share Price
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117.04
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsInMoneyVestedAndExercisableNumber
1315 shares
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3299000 shares
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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70300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
45074000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
24253000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
657921000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
571008000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
508228000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
728221000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
616082000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
532481000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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11824000 USD
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CurrentFederalTaxExpenseBenefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-22704000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8515000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5346000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3835000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
90026000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
76162000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
71286000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-33366000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-19845000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-13987000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-14611000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-14509000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-12212000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4358000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6023000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4968000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4541000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6556000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
22164000 USD
CY2021 us-gaap Income Tax Expense Benefit
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23100000 USD
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500000 USD
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1200000 USD
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1799000 shares
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0 shares
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0 shares
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46094000 shares
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