10-Q
Quarterly Report
Akamai Technologies, Inc
AKAM
NASDAQ
CIK: 1086222
File #: 000-27275
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 467,717,000 | 489,468,000 |
Marketable securities | 1,206,971,000 | 374,971,000 |
Accounts receivable, net of reserves of $2,775 and $3,469 at March 31, 2024, and December 31, 2023, respectively | 716,638,000 | 724,302,000 |
Prepaid expenses and other current assets | 233,853,000 | 216,114,000 |
Total current assets | 2,625,179,000 | 1,804,855,000 |
Marketable securities | 582,023,000 | 1,431,354,000 |
Property and equipment, net | 1,864,307,000 | 1,825,944,000 |
Operating lease right-of-use assets | 947,049,000 | 908,634,000 |
Acquired intangible assets, net | 512,554,000 | 536,143,000 |
Goodwill | 2,846,535,000 | 2,850,470,000 |
Deferred income tax assets | 430,428,000 | 418,297,000 |
Other assets | 127,531,000 | 124,340,000 |
Total assets | 9,935,606,000 | 9,900,037,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Accounts payable | 134,677,000 | 146,927,000 |
Accrued expenses | 291,986,000 | 352,181,000 |
Deferred revenue | 142,527,000 | 107,544,000 |
Operating lease liabilities | 232,731,000 | 222,944,000 |
Other current liabilities | 7,017,000 | 6,442,000 |
Total current liabilities | 808,938,000 | 836,038,000 |
Deferred revenue | 20,929,000 | 23,006,000 |
Deferred income tax liabilities | 24,977,000 | 24,622,000 |
Convertible senior notes | 3,540,120,000 | 3,538,229,000 |
Operating lease liabilities | 800,107,000 | 774,806,000 |
Other liabilities | 106,768,000 | 106,181,000 |
Total liabilities | 5,301,839,000 | 5,302,882,000 |
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; 153,553,975 shares issued and 152,411,363 shares outstanding at March 31, 2024, and 151,232,908 shares issued and outstanding at December 31, 2023 | 1,536,000 | 1,512,000 |
Additional paid-in capital | 2,230,875,000 | 2,222,993,000 |
Accumulated other comprehensive loss | (116,593,000) | (95,330,000) |
Treasury stock, at cost, 1,142,612 shares at March 31, 2024, and no shares at December 31, 2023 | 125,449,000 | 0 |
Retained earnings | 2,643,398,000 | 2,467,980,000 |
Total stockholders’ equity | 4,633,767,000 | 4,597,155,000 |
Common Stock | 1,536,000 | 1,512,000 |
Additional Paid-in Capital | 2,230,875,000 | 2,222,993,000 |
Accumulated Other Comprehensive Loss | (116,593,000) | (95,330,000) |
Treasury Stock | (125,449,000) | 0 |
Retained Earnings | 2,643,398,000 | 2,467,980,000 |
Foreign Currency Translation | (114,482,000) | (98,035,000) |
Net Unrealized Gains (Losses) on Investments | (2,111,000) | 2,705,000 |
Total liabilities and stockholders’ equity | 9,935,606,000 | 9,900,037,000 |