2012 Q2 Form 10-Q Financial Statement

#000154256712000005 Filed on August 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $331.3M $277.0M
YoY Change 19.61% 12.91%
Cost Of Revenue $131.3M $89.65M
YoY Change 46.42% 24.79%
Gross Profit $200.0M $187.3M
YoY Change 6.78% 7.99%
Gross Profit Margin 60.38% 67.64%
Selling, General & Admin $110.1M $98.81M
YoY Change 11.4% -0.1%
% of Gross Profit 55.03% 52.74%
Research & Development $17.54M $11.01M
YoY Change 59.39% -18.94%
% of Gross Profit 8.77% 5.87%
Depreciation & Amortization $50.10M $41.40M
YoY Change 21.01% 19.65%
% of Gross Profit 25.04% 22.1%
Operating Expenses $127.6M $109.8M
YoY Change 16.21% -2.37%
Operating Profit $67.01M $73.23M
YoY Change -8.49% 28.84%
Interest Expense $1.600M $0.00
YoY Change -100.0%
% of Operating Profit 2.39% 0.0%
Other Income/Expense, Net $1.131M -$107.0K
YoY Change -1157.01% -187.7%
Pretax Income $69.77M $76.22M
YoY Change -8.47% 28.24%
Income Tax $25.53M $28.30M
% Of Pretax Income 36.59% 37.13%
Net Earnings $44.24M $47.92M
YoY Change -7.68% 25.7%
Net Earnings / Revenue 13.35% 17.3%
Basic Earnings Per Share $0.25 $0.26
Diluted Earnings Per Share $0.24 $0.25
COMMON SHARES
Basic Shares Outstanding 178.5M shares 186.6M shares
Diluted Shares Outstanding 181.8M shares 190.2M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $496.6M $497.2M
YoY Change -0.12% -1.27%
Cash & Equivalents $183.0M $205.6M
Short-Term Investments $313.6M $291.6M
Other Short-Term Assets $53.70M $75.40M
YoY Change -28.78% -31.45%
Inventory
Prepaid Expenses
Receivables $206.3M $178.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $756.6M $751.0M
YoY Change 0.75% -3.5%
LONG-TERM ASSETS
Property, Plant & Equipment $315.9M $274.4M
YoY Change 15.11% 20.4%
Goodwill $709.7M $709.7M
YoY Change 0.0%
Intangibles $84.06M $53.89M
YoY Change 55.99%
Long-Term Investments $521.9M $788.2M
YoY Change -33.79% 29.62%
Other Assets $14.31M $9.540M
YoY Change 50.04% -85.35%
Total Long-Term Assets $1.689B $1.653B
YoY Change 2.16% 16.03%
TOTAL ASSETS
Total Short-Term Assets $756.6M $751.0M
Total Long-Term Assets $1.689B $1.653B
Total Assets $2.446B $2.404B
YoY Change 1.72% 9.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.55M $29.05M
YoY Change 53.33% -13.27%
Accrued Expenses $94.61M $86.91M
YoY Change 8.86% 23.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $165.9M $138.7M
YoY Change 19.57% -30.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $63.25M $33.69M
YoY Change 87.72% 11.94%
Total Long-Term Liabilities $63.25M $33.69M
YoY Change 87.72% 11.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $165.9M $138.7M
Total Long-Term Liabilities $63.25M $33.69M
Total Liabilities $230.9M $175.8M
YoY Change 31.34% -23.52%
SHAREHOLDERS EQUITY
Retained Earnings -$2.342B -$2.532B
YoY Change -7.5%
Common Stock $1.993M $1.944M
YoY Change 2.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $558.1M $251.5M
YoY Change 121.88%
Treasury Stock Shares 20.46M shares 8.343M shares
Shareholders Equity $2.215B $2.228B
YoY Change
Total Liabilities & Shareholders Equity $2.446B $2.404B
YoY Change 1.72% 9.13%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $44.24M $47.92M
YoY Change -7.68% 25.7%
Depreciation, Depletion And Amortization $50.10M $41.40M
YoY Change 21.01% 19.65%
Cash From Operating Activities $149.6M $111.9M
YoY Change 33.69% 29.66%
INVESTING ACTIVITIES
Capital Expenditures -$55.60M -$42.80M
YoY Change 29.91% -35.25%
Acquisitions
YoY Change
Other Investing Activities -$1.600M -$38.90M
YoY Change -95.89% -49.74%
Cash From Investing Activities -$57.20M -$81.70M
YoY Change -29.99% -43.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.60M -42.40M
YoY Change 24.06% -773.02%
NET CHANGE
Cash From Operating Activities 149.6M 111.9M
Cash From Investing Activities -57.20M -81.70M
Cash From Financing Activities -52.60M -42.40M
Net Change In Cash 39.80M -12.20M
YoY Change -426.23% -76.03%
FREE CASH FLOW
Cash From Operating Activities $149.6M $111.9M
Capital Expenditures -$55.60M -$42.80M
Free Cash Flow $205.2M $154.7M
YoY Change 32.64% 1.51%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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605000 USD
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1025000 USD
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Software
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26263000 USD
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20450000 USD
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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PaymentsToAcquireBusinessesNetOfCashAcquired
550000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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68525000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72620000 USD
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CY2012Q2 us-gaap Preferred Stock Shares Authorized
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PreferredStockSharesIssued
0 shares
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PreferredStockSharesIssued
0 shares
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PreferredStockSharesOutstanding
0 shares
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PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
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PrepaidExpenseAndOtherAssetsCurrent
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
12122000 USD
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ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
22569000 USD
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
141424000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
88000 USD
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
0 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
315866000 USD
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PropertyPlantAndEquipmentNet
293043000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
454000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
284000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
23600000 USD
CY2011Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11006000 USD
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17542000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
35022000 USD
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RestrictedInvestmentsCurrent
0 USD
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RestrictedInvestmentsCurrent
53000 USD
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RestrictedInvestmentsNoncurrent
42000 USD
CY2012Q2 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
42000 USD
CY2011Q4 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
70 Employees
us-gaap Restructuring Charges
RestructuringCharges
14000 USD
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RestructuringCharges
0 USD
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RestructuringCharges
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RestructuringCharges
60000 USD
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RestructuringReserve
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3430000 USD
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626000 USD
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423000 USD
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Revenues
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Revenues
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Revenues
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us-gaap Revenues
Revenues
650754000 USD
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SellingAndMarketingExpense
75882000 USD
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SellingAndMarketingExpense
143172000 USD
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SellingAndMarketingExpense
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
106202000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
27324000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
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46545000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
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ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
11612000 USD
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StockRepurchaseProgramAuthorizedAmount
400000000 USD
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StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
104900000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
2156250000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
2214633000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
18056619 shares
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
20463624 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2600000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2400000 shares
CY2011Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1500000 shares
CY2012Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2200000 shares
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
482994000 USD
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
558120000 USD
CY2012Q2 us-gaap Treasury Stock Value Acquired Cost Method
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67200000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
93300000 USD
CY2011Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50500000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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75100000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
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42400000 USD
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181817000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182080000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190781000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190179000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186731000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186612000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178547000 shares
CY2011 akam Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentTax
-14000 USD
akam Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentTax
-127000 USD
CY2012Q2 akam Bandwidth And Co Location
BandwidthAndCoLocation
25829000 USD
CY2011Q4 akam Bandwidth And Co Location
BandwidthAndCoLocation
29291000 USD
akam Gain Loss On Investments And Property Plant And Equipment
GainLossOnInvestmentsAndPropertyPlantAndEquipment
4000 USD
akam Gain Loss On Investments And Property Plant And Equipment
GainLossOnInvestmentsAndPropertyPlantAndEquipment
-204000 USD
CY2012Q2 akam Number Of Countries Servers Are In
NumberOfCountriesServersAreIn
80 countries
CY2011 akam Number Of Customers Accounting For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountingForMoreThanTenPercentOfAccountsReceivable
1 customers
akam Number Of Customers Accounting For More Than Ten Percent Of Accounts Receivable
NumberOfCustomersAccountingForMoreThanTenPercentOfAccountsReceivable
0 customers
akam Number Of Customers Accounting For Ten Percent Or More Of Revenues
NumberOfCustomersAccountingForTenPercentOrMoreOfRevenues
0 customers
akam Number Of Customers Accounting For Ten Percent Or More Of Revenues
NumberOfCustomersAccountingForTenPercentOrMoreOfRevenues
0 customers
CY2011Q2 akam Number Of Customers Accounting For Ten Percent Or More Of Revenues
NumberOfCustomersAccountingForTenPercentOrMoreOfRevenues
0 customers
CY2012Q2 akam Number Of Customers Accounting For Ten Percent Or More Of Revenues
NumberOfCustomersAccountingForTenPercentOrMoreOfRevenues
0 customers
CY2012Q2 akam Number Of Foreign Countries Greater Than10 Revenue
NumberOfForeignCountriesGreaterThan10Revenue
0 countries
CY2011Q2 akam Number Of Foreign Countries Greater Than10 Revenue
NumberOfForeignCountriesGreaterThan10Revenue
0 countries
akam Number Of Foreign Countries Greater Than10 Revenue
NumberOfForeignCountriesGreaterThan10Revenue
0 countries
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
akam Number Of Foreign Countries Greater Than10 Revenue
NumberOfForeignCountriesGreaterThan10Revenue
0 countries
CY2011Q2 akam Percentage Of Revenue From Outside Us
PercentageOfRevenueFromOutsideUS
0.30
CY2012Q2 akam Percentage Of Revenue From Outside Us
PercentageOfRevenueFromOutsideUS
0.27
akam Percentage Of Revenue From Outside Us
PercentageOfRevenueFromOutsideUS
0.30
akam Percentage Of Revenue From Outside Us
PercentageOfRevenueFromOutsideUS
0.28
CY2012Q2 akam Percentage Of Revenues Related To Europe
PercentageOfRevenuesRelatedToEurope
0.17
dei Entity Registrant Name
EntityRegistrantName
AKAMAI TECHNOLOGIES INC
CY2011Q2 akam Percentage Of Revenues Related To Europe
PercentageOfRevenuesRelatedToEurope
0.18
akam Percentage Of Revenues Related To Europe
PercentageOfRevenuesRelatedToEurope
0.17
akam Percentage Of Revenues Related To Europe
PercentageOfRevenuesRelatedToEurope
0.18
CY2011Q4 akam Reserve For Cash Basis Customers
ReserveForCashBasisCustomers
2928000 USD
CY2012Q2 akam Reserve For Cash Basis Customers
ReserveForCashBasisCustomers
3685000 USD
CY2011Q2 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
1900000 USD
akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
3700000 USD
CY2012Q2 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
1900000 USD
akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
4000000 USD
CY2011Q3 akam Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
250000000 USD
CY2011Q2 akam Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
150000000 USD
CY2010Q2 akam Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
150000000 USD
CY2012Q2 akam Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
150000000 USD
CY2011Q4 akam Total Accounts Receivable Reserves
TotalAccountsReceivableReserves
4555000 USD
CY2012Q2 akam Total Accounts Receivable Reserves
TotalAccountsReceivableReserves
5391000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001086222
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
177306488 shares

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