10-K
Annual Report
Akamai Technologies, Inc.
AKAM
NASDAQ
CIK: 1086222
File #: 0-27275
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 489,468,000 | 542,337,000 |
Marketable securities | 374,971,000 | 562,979,000 |
Accounts receivable, net of reserves of $3,469 and $5,917 at December 31, 2023 and 2022, respectively | 724,302,000 | 679,206,000 |
Prepaid expenses and other current assets | 216,114,000 | 185,040,000 |
Total current assets | 1,804,855,000 | 1,969,562,000 |
Marketable securities | 1,431,354,000 | 320,531,000 |
Property and equipment, net | 1,825,944,000 | 1,540,182,000 |
Operating lease right-of-use assets | 908,634,000 | 813,372,000 |
U.S. | 624,489,000 | 608,854,000 |
Non-U.S. | 284,145,000 | 204,518,000 |
Acquired intangible assets, net | 536,143,000 | 441,716,000 |
Goodwill | 2,850,470,000 | 2,763,838,000 |
Deferred income tax assets | 418,297,000 | 337,677,000 |
Other assets | 124,340,000 | 116,522,000 |
Total assets | 9,900,037,000 | 8,303,400,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Accounts payable | 146,927,000 | 145,420,000 |
Accrued expenses | 352,181,000 | 367,017,000 |
Deferred revenue | 107,544,000 | 105,109,000 |
Operating lease liabilities | 222,944,000 | 196,094,000 |
Other current liabilities | 6,442,000 | 5,228,000 |
Total current liabilities | 836,038,000 | 818,868,000 |
Deferred revenue | 23,006,000 | 22,117,000 |
Deferred income tax liabilities | 24,622,000 | 18,400,000 |
Convertible senior notes | 3,538,229,000 | 2,285,258,000 |
Operating lease liabilities | 774,806,000 | 693,265,000 |
Other liabilities | 106,181,000 | 105,305,000 |
Total liabilities | 5,302,882,000 | 3,943,213,000 |
Stockholders’ equity: | ||
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding | 0 | 0 |
Common stock, $0.01 par value; 700,000,000 shares authorized; 151,232,908 and 156,494,816 shares issued and outstanding at December 31, 2023 and 2022, respectively | 1,512,000 | 1,565,000 |
Additional paid-in capital | 2,222,993,000 | 2,578,603,000 |
Accumulated other comprehensive loss | (95,330,000) | (140,332,000) |
Retained earnings | 2,467,980,000 | 1,920,351,000 |
Total stockholders’ equity | 4,597,155,000 | 4,360,187,000 |
Common Stock | 1,512,000 | 1,565,000 |
Additional Paid-in Capital | 2,222,993,000 | 2,578,603,000 |
Treasury Stock | 0 | 0 |
Accumulated Other Comprehensive Loss | (95,330,000) | (140,332,000) |
Retained Earnings | 2,467,980,000 | 1,920,351,000 |
Foreign Currency Translation | (98,035,000) | (116,474,000) |
Net Unrealized Gains (Losses) on Investments | 2,705,000 | (23,858,000) |
Total liabilities and stockholders’ equity | 9,900,037,000 | 8,303,400,000 |