2014 Q1 Form 10-Q Financial Statement

#000154256714000015 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $453.5M $368.0M
YoY Change 23.22% 15.21%
Cost Of Revenue $139.6M $120.4M
YoY Change 15.96% -3.63%
Gross Profit $313.9M $247.7M
YoY Change 26.75% 27.31%
Gross Profit Margin 69.21% 67.29%
Selling, General & Admin $157.2M $118.1M
YoY Change 33.16% 17.32%
% of Gross Profit 50.09% 47.68%
Research & Development $28.23M $21.91M
YoY Change 28.89% 25.31%
% of Gross Profit 8.99% 8.85%
Depreciation & Amortization $53.52M $42.38M
YoY Change 26.29% -7.14%
% of Gross Profit 17.05% 17.11%
Operating Expenses $185.5M $140.0M
YoY Change 32.5% 18.51%
Operating Profit $120.8M $101.2M
YoY Change 19.43% 41.37%
Interest Expense $1.941M $0.00
YoY Change -100.0%
% of Operating Profit 1.61% 0.0%
Other Income/Expense, Net -$881.0K -$132.0K
YoY Change 567.42% -70.07%
Pretax Income $119.7M $102.7M
YoY Change 16.56% 41.05%
Income Tax $46.86M $31.18M
% Of Pretax Income 39.16% 30.37%
Net Earnings $72.80M $71.49M
YoY Change 1.84% 65.38%
Net Earnings / Revenue 16.05% 19.42%
Basic Earnings Per Share $0.41 $0.40
Diluted Earnings Per Share $0.40 $0.39
COMMON SHARES
Basic Shares Outstanding 178.7M shares 177.9M shares
Diluted Shares Outstanding 182.0M shares 181.6M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $698.1M $513.0M
YoY Change 36.08% 26.82%
Cash & Equivalents $248.7M $165.3M
Short-Term Investments $449.4M $348.0M
Other Short-Term Assets $127.2M $86.30M
YoY Change 47.39% 45.78%
Inventory
Prepaid Expenses
Receivables $302.0M $232.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.127B $831.7M
YoY Change 35.55% 22.38%
LONG-TERM ASSETS
Property, Plant & Equipment $503.6M $369.6M
YoY Change 36.27% 21.76%
Goodwill $1.051B $729.5M
YoY Change 44.05% 2.8%
Intangibles $157.6M $74.30M
YoY Change 112.15% -17.0%
Long-Term Investments $721.3M $569.2M
YoY Change 26.72% -0.85%
Other Assets $88.44M $58.78M
YoY Change 50.48% 306.47%
Total Long-Term Assets $2.524B $1.815B
YoY Change 39.07% 4.64%
TOTAL ASSETS
Total Short-Term Assets $1.127B $831.7M
Total Long-Term Assets $2.524B $1.815B
Total Assets $3.651B $2.647B
YoY Change 37.97% 9.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.71M $57.57M
YoY Change 7.18% 74.76%
Accrued Expenses $130.4M $119.8M
YoY Change 8.89% 31.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $244.2M $211.9M
YoY Change 15.23% 42.66%
LONG-TERM LIABILITIES
Long-Term Debt $590.7M $0.00
YoY Change
Other Long-Term Liabilities $71.82M $47.22M
YoY Change 52.1% -24.04%
Total Long-Term Liabilities $71.82M $47.22M
YoY Change 52.1% -24.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.2M $211.9M
Total Long-Term Liabilities $71.82M $47.22M
Total Liabilities $939.3M $261.9M
YoY Change 258.68% 22.99%
SHAREHOLDERS EQUITY
Retained Earnings -$1.859B -$2.154B
YoY Change -13.68% -9.73%
Common Stock $1.832M $2.031M
YoY Change -9.8% 2.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $116.1M $664.7M
YoY Change -82.53% 35.41%
Treasury Stock Shares 1.976M shares 23.51M shares
Shareholders Equity $2.712B $2.385B
YoY Change
Total Liabilities & Shareholders Equity $3.651B $2.647B
YoY Change 37.97% 9.63%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $72.80M $71.49M
YoY Change 1.84% 65.38%
Depreciation, Depletion And Amortization $53.52M $42.38M
YoY Change 26.29% -7.14%
Cash From Operating Activities $89.02M $93.22M
YoY Change -4.51% 0.78%
INVESTING ACTIVITIES
Capital Expenditures $52.01M $43.83M
YoY Change 18.66% 44.02%
Acquisitions $386.6M $0.00
YoY Change -100.0%
Other Investing Activities $832.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$730.5M -$84.24M
YoY Change 767.13% -83.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $62.00M $40.28M
YoY Change 53.93% 409.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $555.5M -$43.11M
YoY Change -1388.58% 374.99%
NET CHANGE
Cash From Operating Activities $89.02M $93.22M
Cash From Investing Activities -$730.5M -$84.24M
Cash From Financing Activities $555.5M -$43.11M
Net Change In Cash -$85.93M -$34.13M
YoY Change 151.8% -91.77%
FREE CASH FLOW
Cash From Operating Activities $89.02M $93.22M
Capital Expenditures $52.01M $43.83M
Free Cash Flow $37.01M $49.39M
YoY Change -25.07% -20.42%

Facts In Submission

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10000 USD
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101292000 USD
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CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities
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CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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260000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
166000 USD
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450287000 USD
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PropertyPlantAndEquipmentNet
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CY2013Q1 us-gaap Provision For Doubtful Accounts
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320000 USD
CY2014Q1 us-gaap Provision For Doubtful Accounts
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CY2014Q1 us-gaap Research And Development Expense
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431000 USD
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735000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q1 us-gaap Revenues
Revenues
368046000 USD
CY2014Q1 us-gaap Revenues
Revenues
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CY2014Q1 us-gaap Selling And Marketing Expense
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CY2013Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q1 us-gaap Share Price
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CY2013Q4 us-gaap Stock Repurchase Program Authorized Amount
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CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
2712145000 USD
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2014Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2013Q1 us-gaap Treasury Stock Shares Acquired
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TreasuryStockValue
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CY2014Q1 us-gaap Treasury Stock Value
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40300000 USD
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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182038000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177899000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178705000 shares
CY2013Q1 akam Convertible Note Receivable Received For Divestiture Of A Business
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18882000 USD
CY2014Q1 akam Convertible Note Receivable Received For Divestiture Of A Business
ConvertibleNoteReceivableReceivedForDivestitureOfABusiness
0 USD
CY2014Q1 akam Debt Discount Netof Amortization
DebtDiscountNetofAmortization
99286000 USD
CY2014Q1 akam Debt Instrument Convertible Threshold Consecutive Trading Days Not Exceeding
DebtInstrumentConvertibleThresholdConsecutiveTradingDaysNotExceeding
P5D
CY2014Q1 akam Debt Instrument Convertible Threshold Less Than Percentageof Stock Price Trigger
DebtInstrumentConvertibleThresholdLessThanPercentageofStockPriceTrigger
0.98
CY2014Q1 akam Debt Instrument Convertible Threshold Trading Days Not Exceeding
DebtInstrumentConvertibleThresholdTradingDaysNotExceeding
5 D
CY2014Q1 akam Reserve For Cash Basis Customers
ReserveForCashBasisCustomers
6179000 USD
CY2013Q4 akam Reserve For Cash Basis Customers
ReserveForCashBasisCustomers
2995000 USD
CY2014Q1 akam Number Of Countries Servers Are In
NumberOfCountriesServersAreIn
90 countries
CY2014Q1 akam Number Of Networks
NumberOfNetworks
1200 network
CY2014Q1 akam Number Of Servers
NumberOfServers
145000 server
CY2013Q1 akam Paymentof Acquired Debtand Capital Leases
PaymentofAcquiredDebtandCapitalLeases
0 USD
CY2014Q1 akam Paymentof Acquired Debtand Capital Leases
PaymentofAcquiredDebtandCapitalLeases
17862000 USD
CY2014Q1 akam Paymentsfor Purchaseof Convertible Note Hedgeand Warrant Transactions
PaymentsforPurchaseofConvertibleNoteHedgeandWarrantTransactions
23300000 USD
CY2014Q1 akam Potential Conversion Shares Of Convertible Debt
PotentialConversionSharesOfConvertibleDebt
7700000 shares
CY2014Q1 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
1900000 USD
CY2013Q4 akam Total Accounts Receivable Reserves
TotalAccountsReceivableReserves
3703000 USD
CY2014Q1 akam Total Accounts Receivable Reserves
TotalAccountsReceivableReserves
6933000 USD
CY2014Q1 akam Value Per Conversionof Convertible Debt
ValuePerConversionofConvertibleDebt
1000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001086222
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
178001071 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
AKAMAI TECHNOLOGIES INC

Files In Submission

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0001542567-14-000015-index-headers.html Edgar Link pending
0001542567-14-000015-index.html Edgar Link pending
0001542567-14-000015.txt Edgar Link pending
0001542567-14-000015-xbrl.zip Edgar Link pending
akam-20140331.xml Edgar Link completed
akam-20140331.xsd Edgar Link pending
akam-20140331_cal.xml Edgar Link unprocessable
akam-20140331_def.xml Edgar Link unprocessable
akam-20140331_lab.xml Edgar Link unprocessable
akam-20140331_pre.xml Edgar Link unprocessable
akam10q33114ex311.htm Edgar Link pending
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