10-K
Annual Report
Akamai Technologies, Inc.
AKAM
NASDAQ
CIK: 1086222
File #: 0-27275
Balance Sheet
48 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 517,707,000 | 489,468,000 |
Marketable securities | 1,078,876,000 | 374,971,000 |
Accounts receivable, net of reserves of $3,522 and $3,469 at December 31, 2024 and 2023, respectively | 727,687,000 | 724,302,000 |
Prepaid expenses and other current assets | 253,827,000 | 216,114,000 |
Total current assets | 2,578,097,000 | 1,804,855,000 |
Marketable securities | 275,592,000 | 1,431,354,000 |
Property and equipment, net | 1,995,071,000 | 1,825,944,000 |
Operating lease right-of-use assets | 1,006,738,000 | 908,634,000 |
U.S. | 600,015,000 | 624,489,000 |
Non-U.S. | 406,723,000 | 284,145,000 |
Acquired intangible assets, net | 727,585,000 | 536,143,000 |
Goodwill | 3,151,077,000 | 2,850,470,000 |
Deferred income tax assets | 483,249,000 | 418,297,000 |
Other assets | 151,376,000 | 124,340,000 |
Total assets | 10,368,785,000 | 9,900,037,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Accounts payable | 130,447,000 | 146,927,000 |
Accrued expenses | 370,888,000 | 352,181,000 |
Deferred revenue | 149,222,000 | 107,544,000 |
Convertible senior notes | 1,149,116,000 | 0 |
Operating lease liabilities | 259,134,000 | 222,944,000 |
Other current liabilities | 32,516,000 | 6,442,000 |
Total current liabilities | 2,091,323,000 | 836,038,000 |
Deferred revenue | 26,314,000 | 23,006,000 |
Deferred income tax liabilities | 16,066,000 | 24,622,000 |
Convertible senior notes | 2,396,695,000 | 3,538,229,000 |
Operating lease liabilities | 829,660,000 | 774,806,000 |
Other liabilities | 130,370,000 | 106,181,000 |
Total liabilities | 5,490,428,000 | 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; 155,647,988 shares issued and 150,025,096 shares outstanding at December 31, 2024, and 151,232,908 shares issued and outstanding at December 31, 2023 | 1,556,000 | 1,512,000 |
Additional paid-in capital | 2,618,384,000 | 2,222,993,000 |
Accumulated other comprehensive loss | (155,993,000) | (95,330,000) |
Treasury stock, at cost, 5,622,892 shares at December 31, 2024, and no shares at December 31, 2023 | 558,488,000 | 0 |
Retained earnings | 2,972,898,000 | 2,467,980,000 |
Total stockholders’ equity | 4,878,357,000 | 4,597,155,000 |
Common Stock | 1,556,000 | 1,512,000 |
Additional Paid-in Capital | 2,618,384,000 | 2,222,993,000 |
Treasury Stock | (558,488,000) | 0 |
Accumulated Other Comprehensive Loss | (155,993,000) | (95,330,000) |
Retained Earnings | 2,972,898,000 | 2,467,980,000 |
Foreign Currency Translation | (157,099,000) | (98,035,000) |
Net Unrealized (Losses) Gains on Investments | 1,106,000 | 2,705,000 |
Total liabilities and stockholders’ equity | 10,368,785,000 | 9,900,037,000 |