10-Q
Quarterly Report
Akamai Technologies, Inc
AKAM
NASDAQ
CIK: 1086222
File #: 000-27275
Balance Sheet
47 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 448,042,000 | 489,468,000 |
Marketable securities | 1,189,232,000 | 374,971,000 |
Accounts receivable, net of reserves of $2,928 and $3,469 at June 30, 2024, and December 31, 2023, respectively | 699,258,000 | 724,302,000 |
Prepaid expenses and other current assets | 233,928,000 | 216,114,000 |
Total current assets | 2,570,460,000 | 1,804,855,000 |
Marketable securities | 276,943,000 | 1,431,354,000 |
Property and equipment, net | 1,911,012,000 | 1,825,944,000 |
Operating lease right-of-use assets | 988,521,000 | 908,634,000 |
Acquired intangible assets, net | 632,984,000 | 536,143,000 |
Goodwill | 3,146,397,000 | 2,850,470,000 |
Noname Security | 302,210,000 | — |
Deferred income tax assets | 428,235,000 | 418,297,000 |
Other assets | 132,980,000 | 124,340,000 |
Total assets | 10,087,532,000 | 9,900,037,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Accounts payable | 124,507,000 | 146,927,000 |
Accrued expenses | 283,862,000 | 352,181,000 |
Deferred revenue | 139,934,000 | 107,544,000 |
Convertible senior notes | 1,147,826,000 | 0 |
Operating lease liabilities | 242,223,000 | 222,944,000 |
Other current liabilities | 7,524,000 | 6,442,000 |
Total current liabilities | 1,945,876,000 | 836,038,000 |
Deferred revenue | 28,526,000 | 23,006,000 |
Deferred income tax liabilities | 26,442,000 | 24,622,000 |
Convertible senior notes | 2,394,187,000 | 3,538,229,000 |
Operating lease liabilities | 831,264,000 | 774,806,000 |
Other liabilities | 106,561,000 | 106,181,000 |
Total liabilities | 5,332,856,000 | 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; 154,411,275 shares issued and 151,913,207 shares outstanding at June 30, 2024, and 151,232,908 shares issued and outstanding at December 31, 2023 | 1,544,000 | 1,512,000 |
Additional paid-in capital | 2,368,225,000 | 2,222,993,000 |
Accumulated other comprehensive loss | (136,921,000) | (95,330,000) |
Treasury stock, at cost, 2,498,068 shares at June 30, 2024, and no shares at December 31, 2023 | 253,258,000 | 0 |
Retained earnings | 2,775,086,000 | 2,467,980,000 |
Total stockholders’ equity | 4,754,676,000 | 4,597,155,000 |
Common Stock | 1,544,000 | 1,512,000 |
Additional Paid-in Capital | 2,368,225,000 | 2,222,993,000 |
Accumulated Other Comprehensive Loss | (136,921,000) | (95,330,000) |
Treasury Stock | (253,258,000) | 0 |
Retained Earnings | 2,775,086,000 | 2,467,980,000 |
Foreign Currency Translation | (133,380,000) | (98,035,000) |
Net Unrealized Gains (Losses) on Investments | (3,541,000) | 2,705,000 |
Total liabilities and stockholders’ equity | 10,087,532,000 | 9,900,037,000 |