10-Q
Quarterly Report
Akamai Technologies, Inc
AKAM
NASDAQ
CIK: 1086222
File #: 000-27275
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 1,097,026,000 | 517,707,000 |
Marketable securities | 224,204,000 | 1,078,876,000 |
Accounts receivable, net of reserves of $4,860 and $3,522 at March 31, 2025, and December 31, 2024, respectively | 759,438,000 | 727,687,000 |
Prepaid expenses and other current assets | 294,303,000 | 253,827,000 |
Total current assets | 2,374,971,000 | 2,578,097,000 |
Marketable securities | 23,020,000 | 275,592,000 |
Property and equipment, net | 2,110,054,000 | 1,995,071,000 |
Operating lease right-of-use assets | 977,419,000 | 1,006,738,000 |
Acquired intangible assets, net | 700,717,000 | 727,585,000 |
Goodwill | 3,157,409,000 | 3,151,077,000 |
Deferred income tax assets | 454,568,000 | 483,249,000 |
Other assets | 184,032,000 | 151,376,000 |
Total assets | 9,982,190,000 | 10,368,785,000 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Current liabilities: | ||
Accounts payable | 155,917,000 | 130,447,000 |
Accrued expenses | 265,371,000 | 370,888,000 |
Deferred revenue | 169,529,000 | 149,222,000 |
Convertible senior notes | 1,149,761,000 | 1,149,116,000 |
Operating lease liabilities | 263,365,000 | 259,134,000 |
Other current liabilities | 12,586,000 | 32,516,000 |
Total current liabilities | 2,016,529,000 | 2,091,323,000 |
Deferred revenue | 22,945,000 | 26,314,000 |
Deferred income tax liabilities | 18,151,000 | 16,066,000 |
Convertible senior notes | 2,397,953,000 | 2,396,695,000 |
Operating lease liabilities | 807,697,000 | 829,660,000 |
Other liabilities | 134,354,000 | 130,370,000 |
Total liabilities | 5,397,629,000 | 5,490,428,000 |
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; 157,767,206 shares issued and 146,086,802 shares outstanding at March 31, 2025, and 155,647,988 shares issued and 150,025,096 outstanding at December 31, 2024 | 1,578,000 | 1,556,000 |
Additional paid-in capital | 2,673,892,000 | 2,618,384,000 |
Accumulated other comprehensive loss | (135,385,000) | (155,993,000) |
Treasury stock, at cost, 11,680,404 shares at March 31, 2025, and 5,622,892 shares at December 31, 2024 | 1,051,593,000 | 558,488,000 |
Retained earnings | 3,096,069,000 | 2,972,898,000 |
Total stockholders’ equity | 4,584,561,000 | 4,878,357,000 |
Common Stock | 1,578,000 | 1,556,000 |
Additional Paid-in Capital | 2,673,892,000 | 2,618,384,000 |
Accumulated Other Comprehensive Loss | (135,385,000) | (155,993,000) |
Treasury Stock | (1,051,593,000) | (558,488,000) |
Retained Earnings | 3,096,069,000 | 2,972,898,000 |
Foreign Currency Translation | (135,315,000) | (157,099,000) |
Net Unrealized Gains (Losses) on Investments | (70,000) | 1,106,000 |
Total liabilities and stockholders’ equity | 9,982,190,000 | 10,368,785,000 |