10-Q
Quarterly Report
Akamai Technologies, Inc
AKAM
NASDAQ
CIK: 1086222
File #: 000-27275
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 569,749,000 | 489,468,000 |
Marketable securities | 1,129,456,000 | 374,971,000 |
Accounts receivable, net of reserves of $3,820 and $3,469 at September 30, 2024, and December 31, 2023, respectively | 696,493,000 | 724,302,000 |
Prepaid expenses and other current assets | 238,732,000 | 216,114,000 |
Total current assets | 2,634,430,000 | 1,804,855,000 |
Marketable securities | 279,411,000 | 1,431,354,000 |
Property and equipment, net | 1,948,799,000 | 1,825,944,000 |
Operating lease right-of-use assets | 1,006,132,000 | 908,634,000 |
Acquired intangible assets, net | 586,247,000 | 536,143,000 |
Goodwill | 3,154,351,000 | 2,850,470,000 |
Deferred income tax assets | 431,318,000 | 418,297,000 |
Other assets | 149,769,000 | 124,340,000 |
Total assets | 10,190,457,000 | 9,900,037,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Accounts payable | 106,629,000 | 146,927,000 |
Accrued expenses | 288,619,000 | 352,181,000 |
Deferred revenue | 138,929,000 | 107,544,000 |
Convertible senior notes | 1,148,471,000 | 0 |
Operating lease liabilities | 251,596,000 | 222,944,000 |
Other current liabilities | 48,779,000 | 6,442,000 |
Total current liabilities | 1,983,023,000 | 836,038,000 |
Deferred revenue | 24,316,000 | 23,006,000 |
Deferred income tax liabilities | 27,387,000 | 24,622,000 |
Convertible senior notes | 2,395,439,000 | 3,538,229,000 |
Operating lease liabilities | 854,740,000 | 774,806,000 |
Other liabilities | 111,414,000 | 106,181,000 |
Total liabilities | 5,396,319,000 | 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; 154,827,272 shares issued and 150,624,544 shares outstanding at September 30, 2024, and 151,232,908 shares issued and outstanding at December 31, 2023 | 1,548,000 | 1,512,000 |
Additional paid-in capital | 2,479,552,000 | 2,222,993,000 |
Accumulated other comprehensive loss | (100,436,000) | (95,330,000) |
Treasury stock, at cost, 4,202,728 shares at September 30, 2024, and no shares at December 31, 2023 | 419,519,000 | 0 |
Retained earnings | 2,832,993,000 | 2,467,980,000 |
Total stockholders’ equity | 4,794,138,000 | 4,597,155,000 |
Common Stock | 1,548,000 | 1,512,000 |
Additional Paid-in Capital | 2,479,552,000 | 2,222,993,000 |
Accumulated Other Comprehensive Loss | (100,436,000) | (95,330,000) |
Treasury Stock | (419,519,000) | 0 |
Retained Earnings | 2,832,993,000 | 2,467,980,000 |
Foreign Currency Translation | (104,905,000) | (98,035,000) |
Net Unrealized Gains on Investments | 4,469,000 | 2,705,000 |
Total liabilities and stockholders’ equity | 10,190,457,000 | 9,900,037,000 |