2014 Q2 Form 10-Q Financial Statement

#000154256714000021 Filed on August 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $476.0M $378.1M
YoY Change 25.9% 14.13%
Cost Of Revenue $149.3M $124.7M
YoY Change 19.74% -4.99%
Gross Profit $326.7M $253.4M
YoY Change 28.93% 26.67%
Gross Profit Margin 68.63% 67.02%
Selling, General & Admin $173.3M $129.2M
YoY Change 34.19% 17.35%
% of Gross Profit 53.06% 50.98%
Research & Development $32.05M $20.60M
YoY Change 55.61% 17.42%
% of Gross Profit 9.81% 8.13%
Depreciation & Amortization $58.70M $44.10M
YoY Change 33.11% -11.98%
% of Gross Profit 17.97% 17.4%
Operating Expenses $205.4M $149.8M
YoY Change 37.14% 17.36%
Operating Profit $112.4M $97.50M
YoY Change 15.23% 45.5%
Interest Expense $4.516M $0.00
YoY Change -100.0%
% of Operating Profit 4.02% 0.0%
Other Income/Expense, Net -$899.0K $341.0K
YoY Change -363.64% -69.85%
Pretax Income $108.7M $99.32M
YoY Change 9.42% 42.36%
Income Tax $35.79M $37.43M
% Of Pretax Income 32.93% 37.68%
Net Earnings $72.89M $61.90M
YoY Change 17.76% 39.91%
Net Earnings / Revenue 15.31% 16.37%
Basic Earnings Per Share $0.41 $0.35
Diluted Earnings Per Share $0.40 $0.34
COMMON SHARES
Basic Shares Outstanding 178.1M shares 177.9M shares
Diluted Shares Outstanding 180.8M shares 181.4M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $756.8M $530.7M
YoY Change 42.6% 6.87%
Cash & Equivalents $254.2M $204.9M
Short-Term Investments $502.6M $326.1M
Other Short-Term Assets $117.5M $91.30M
YoY Change 28.7% 70.02%
Inventory
Prepaid Expenses
Receivables $325.4M $237.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.200B $859.4M
YoY Change 39.6% 13.58%
LONG-TERM ASSETS
Property, Plant & Equipment $536.6M $405.7M
YoY Change 32.29% 28.43%
Goodwill $1.049B $729.4M
YoY Change 43.83% 2.78%
Intangibles $149.2M $68.56M
YoY Change 117.64% -18.43%
Long-Term Investments $735.6M $587.5M
YoY Change 25.21% 12.57%
Other Assets $96.14M $60.29M
YoY Change 59.47% 321.18%
Total Long-Term Assets $2.569B $1.866B
YoY Change 37.68% 10.47%
TOTAL ASSETS
Total Short-Term Assets $1.200B $859.4M
Total Long-Term Assets $2.569B $1.866B
Total Assets $3.769B $2.725B
YoY Change 38.29% 11.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.53M $50.37M
YoY Change 40.03% 13.07%
Accrued Expenses $158.6M $143.7M
YoY Change 10.44% 51.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $283.3M $226.6M
YoY Change 25.03% 36.61%
LONG-TERM LIABILITIES
Long-Term Debt $595.4M $0.00
YoY Change
Other Long-Term Liabilities $72.80M $47.93M
YoY Change 51.88% -24.22%
Total Long-Term Liabilities $72.80M $47.93M
YoY Change 51.88% -24.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $283.3M $226.6M
Total Long-Term Liabilities $72.80M $47.93M
Total Liabilities $995.9M $277.4M
YoY Change 259.02% 20.11%
SHAREHOLDERS EQUITY
Retained Earnings -$1.787B -$2.092B
YoY Change -14.61% -10.67%
Common Stock $1.844M $2.045M
YoY Change -9.83% 2.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $187.5M $707.2M
YoY Change -73.49% 26.72%
Treasury Stock Shares 3.276M shares 24.60M shares
Shareholders Equity $2.773B $2.448B
YoY Change
Total Liabilities & Shareholders Equity $3.769B $2.725B
YoY Change 38.29% 11.44%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $72.89M $61.90M
YoY Change 17.76% 39.91%
Depreciation, Depletion And Amortization $58.70M $44.10M
YoY Change 33.11% -11.98%
Cash From Operating Activities $200.2M $141.1M
YoY Change 41.89% -5.68%
INVESTING ACTIVITIES
Capital Expenditures -$70.50M -$76.50M
YoY Change -7.84% 37.59%
Acquisitions
YoY Change
Other Investing Activities -$63.50M $900.0K
YoY Change -7155.56% -156.25%
Cash From Investing Activities -$134.0M -$75.70M
YoY Change 77.01% 32.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.00M -22.90M
YoY Change 170.74% -56.46%
NET CHANGE
Cash From Operating Activities 200.2M 141.1M
Cash From Investing Activities -134.0M -75.70M
Cash From Financing Activities -62.00M -22.90M
Net Change In Cash 4.200M 42.50M
YoY Change -90.12% 6.78%
FREE CASH FLOW
Cash From Operating Activities $200.2M $141.1M
Capital Expenditures -$70.50M -$76.50M
Free Cash Flow $270.7M $217.6M
YoY Change 24.4% 6.04%

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CY2014Q2 akam Number Of Countries Servers Are In
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dei Amendment Flag
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CY2014Q2 akam Number Of Servers
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akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001086222
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
178163132 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AKAMAI TECHNOLOGIES INC

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