Akamai Technologies (AKAM) Financials

$74.61 -0.10 (-0.13%)

Closing price 04:00 PM Eastern

Extended Trading

$74.49 -0.12 (-0.16%)

As of 07:49 PM Eastern

Annual Income Statements for Akamai Technologies

This table shows Akamai Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	321	321	223	298	478	557	652	524	548	505
Consolidated Net Income / (Loss)	321	321	223	298	478	557	652	524	548	505
Net Income / (Loss) Continuing Operations	321	321	223	298	478	557	652	524	548	505
Total Pre-Tax Income	457	466	314	343	532	616	728	658	653	587
Total Operating Income	466	467	314	362	549	659	783	676	637	533
Total Gross Profit	1,472	1,539	1,613	1,761	1,906	2,065	2,192	2,233	2,301	2,370
Total Revenue	2,197	2,348	2,489	2,714	2,894	3,198	3,461	3,617	3,812	3,991
Operating Revenue	2,197	2,348	2,489	2,714	2,894	3,198	3,461	3,617	3,812	3,991
Total Cost of Revenue	726	809	876	953	988	1,133	1,269	1,384	1,511	1,621
Operating Cost of Revenue	726	809	876	953	988	1,133	1,269	1,384	1,511	1,621
Total Operating Expenses	1,006	1,072	1,299	1,398	1,357	1,407	1,409	1,557	1,664	1,837
Selling, General & Admin Expense	388	440	509	574	516	548	553	584	601	622
Marketing Expense	441	428	482	517	524	510	462	502	533	557
Research & Development Expense	149	168	222	246	261	269	335	391	406	471
Amortization Expense	27	27	31	33	39	42	48	65	67	92
Restructuring Charge	0.77	10	55	28	17	37	11	14	57	95
Total Other Income / (Expense), net	-9.53	-0.15	-0.10	-19	-16	-42	-55	-18	15	54
Interest Expense	19	19	19	43	49	69	72	11	18	27
Interest & Investment Income	11	15	18	27	34	29	16	3.26	45	100
Other Income / (Expense), net	-2.20	3.79	0.89	-3.15	-1.43	-2.45	1.79	-10	-12	-20
Income Tax Expense	135	146	91	45	53	46	63	127	106	82
Other Gains / (Losses), net	-	-	0.00	0.00	-1.10	-13	-14	-7.64	1.48	0.00
Basic Earnings per Share	$1.80	$1.83	$1.30	$1.78	$2.94	$3.43	$4.01	$3.29	$3.59	$3.34
Weighted Average Basic Shares Outstanding	178.39M	174.92M	171.56M	167.31M	162.71M	162.49M	162.67M	159.09M	152.51M	151.39M
Diluted Earnings per Share	$1.78	$1.82	$1.29	$1.76	$2.90	$3.37	$3.93	$3.26	$3.52	$3.27
Weighted Average Diluted Shares Outstanding	180.42M	176.22M	172.71M	169.19M	164.57M	165.21M	165.80M	160.47M	155.40M	154.35M
Weighted Average Basic & Diluted Shares Outstanding	178.60M	174.70M	175.40M	167.60M	161.88M	163.22M	160.35M	156.28M	151.53M	150.32M

This table shows Akamai Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	124	129	97	129	161	161	175	132	58	140
Consolidated Net Income / (Loss)	124	129	97	129	161	161	175	132	58	140
Net Income / (Loss) Continuing Operations	124	129	97	129	161	161	175	132	58	140
Total Pre-Tax Income	158	168	127	150	179	196	188	167	74	158
Total Operating Income	160	167	127	150	176	185	167	148	71	148
Total Gross Profit	535	570	554	562	582	602	592	577	596	606
Total Revenue	882	928	916	936	965	995	987	980	1,005	1,020
Operating Revenue	882	928	916	936	965	995	987	980	1,005	1,020
Total Cost of Revenue	346	358	361	373	383	393	395	403	409	414
Operating Cost of Revenue	346	358	361	373	383	393	395	403	409	414
Total Operating Expenses	375	402	428	413	406	417	425	429	525	458
Selling, General & Admin Expense	139	150	146	152	147	156	152	154	160	156
Marketing Expense	124	129	129	137	132	135	135	139	139	145
Research & Development Expense	94	105	92	99	106	109	117	113	120	120
Amortization Expense	17	17	16	16	18	17	21	21	24	26
Restructuring Charge	0.23	0.57	45	9.36	2.60	-0.03	0.54	1.39	82	11
Total Other Income / (Expense), net	-2.28	0.93	0.25	0.22	3.26	11	22	19	3.17	10
Interest Expense	2.79	2.68	2.68	3.16	4.99	6.88	6.82	6.83	6.74	6.74
Interest & Investment Income	0.78	5.02	5.29	4.51	11	24	28	27	23	23
Other Income / (Expense), net	-0.28	-1.41	-2.36	-1.13	-3.16	-5.64	0.51	-0.95	-13	-5.96
Income Tax Expense	34	40	30	21	20	35	13	35	16	18
Basic Earnings per Share	$0.78	$0.82	$0.62	$0.85	$1.06	$1.06	$1.16	$0.86	$0.38	$0.94
Weighted Average Basic Shares Outstanding	158.72M	159.09M	155.64M	152.06M	151.36M	152.51M	151.63M	152.27M	151.44M	151.39M
Diluted Earnings per Share	$0.78	$0.81	$0.62	$0.84	$1.04	$1.02	$1.11	$0.86	$0.38	$0.92
Weighted Average Diluted Shares Outstanding	159.07M	160.47M	156.14M	153.45M	154.98M	155.40M	157.47M	153.59M	153.24M	154.35M
Weighted Average Basic & Diluted Shares Outstanding	157.24M	156.28M	152.20M	151.71M	150.83M	151.53M	152.32M	151.53M	150.23M	150.32M

This table details how cash moves in and out of Akamai Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	51	35	-23	735	-643	-41	184	5.27	-53	29
Net Cash From Operating Activities	793	872	801	1,008	1,058	1,215	1,405	1,275	1,348	1,519
Net Cash From Continuing Operating Activities	793	872	801	1,008	1,058	1,215	1,405	1,275	1,348	1,519
Net Income / (Loss) Continuing Operations	321	321	223	298	478	557	652	524	548	505
Consolidated Net Income / (Loss)	321	321	223	298	478	557	652	524	548	505
Depreciation Expense	300	334	372	435	441	478	551	593	571	648
Amortization Expense	19	19	19	42	46	63	66	4.40	5.34	6.52
Non-Cash Adjustments To Reconcile Net Income	132	155	206	203	196	220	177	264	378	464
Changes in Operating Assets and Liabilities, net	21	43	-19	30	-102	-104	-41	-110	-154	-105
Net Cash From Investing Activities	-436	-469	-459	-507	-1,668	-1,043	-647	-622	-1,848	-799
Net Cash From Continuing Investing Activities	-436	-469	-459	-507	-1,668	-1,043	-647	-622	-1,848	-799
Purchase of Property, Plant & Equipment	-445	-316	-415	-406	-562	-732	-545	-458	-730	-685
Acquisitions	-141	-95	-369	-0.08	-201	-164	-599	-872	-227	-567
Purchase of Investments	-693	-781	-326	-874	-1,990	-1,783	-933	-18	-1,462	-236
Sale and/or Maturity of Investments	846	723	653	775	1,085	1,628	1,434	732	577	686
Other Investing Activities, net	-2.49	0.79	-1.59	-2.07	0.40	8.12	-4.32	-6.12	-6.07	3.97
Net Cash From Financing Activities	-297	-360	-365	234	-36	-224	-562	-634	443	-680
Net Cash From Continuing Financing Activities	-297	-360	-365	234	-36	-224	-562	-634	443	-680
Repayment of Debt	-2.05	0.00	-1.10	-5.09	-692	0.00	-0.27	-125	-90	-11
Repurchase of Common Equity	-303	-374	-361	-750	-335	-194	-522	-608	-654	-557
Issuance of Debt	-	0.00	0.00	1,132	1,136	-	0.00	125	1,337	0.00
Issuance of Common Equity	62	60	56	183	242	60	60	56	153	62
Other Financing Activities, net	-54	-46	-58	-326	-387	-90	-99	-82	-303	-173
Effect of Exchange Rate Changes	-10	-7.89	-	-	2.47	11	-11	-13	3.87	-12
Cash Interest Paid	-	-	0.00	0.64	1.44	5.95	5.75	6.16	6.33	20
Cash Income Taxes Paid	75	120	92	45	74	79	101	184	134	136

This table details how cash moves in and out of Akamai Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	32	83	-241	-2.25	163	28	-20	-21	123	-54
Net Cash From Operating Activities	369	341	233	366	359	389	352	431	393	344
Net Cash From Continuing Operating Activities	369	341	233	366	359	389	352	431	393	344
Net Income / (Loss) Continuing Operations	124	129	97	129	161	161	175	132	58	140
Consolidated Net Income / (Loss)	124	129	97	129	161	161	175	132	58	140
Depreciation Expense	151	149	135	139	149	148	156	159	166	168
Amortization Expense	1.09	1.10	1.10	1.10	1.40	1.74	1.68	1.66	1.59	1.59
Non-Cash Adjustments To Reconcile Net Income	129	64	83	104	93	97	95	100	144	124
Changes in Operating Assets and Liabilities, net	-36	-1.28	-83	-7.20	-45	-18	-77	39	23	-89
Net Cash From Investing Activities	-96	-95	-120	-248	-1,164	-316	-152	-287	-116	-244
Net Cash From Continuing Investing Activities	-96	-95	-120	-248	-1,164	-316	-152	-287	-116	-244
Purchase of Property, Plant & Equipment	-98	-111	-222	-176	-198	-134	-174	-164	-185	-163
Acquisitions	0.01	-	-20	-86	-36	-85	0.00	-439	-0.07	-128
Purchase of Investments	-	-18	-134	-0.63	-1,050	-277	-170	-16	-16	-35
Sale and/or Maturity of Investments	2.25	36	277	15	106	178	182	337	85	81
Other Investing Activities, net	0.20	-2.12	-20	-0.50	13	1.36	9.94	-5.40	-0.38	-0.19
Net Cash From Financing Activities	-229	-178	-357	-117	975	-57	-216	-160	-162	-141
Net Cash From Continuing Financing Activities	-229	-178	-357	-117	975	-57	-216	-160	-162	-141
Repayment of Debt	-75	-0.11	-0.05	-70	-20	-	-1.51	-8.68	-0.10	-0.21
Repurchase of Common Equity	-163	-178	-349	-137	-113	-55	-125	-128	-166	-138
Issuance of Common Equity	17	10	21	10	108	13	20	7.96	19	14
Other Financing Activities, net	-8.51	-11	-30	-9.71	-248	-15	-109	-32	-16	-16
Effect of Exchange Rate Changes	-12	14	2.30	-3.01	-7.02	12	-4.01	-5.29	9.49	-12
Cash Interest Paid	2.16	1.13	2.16	1.19	2.26	0.72	9.15	0.99	9.41	0.86
Cash Income Taxes Paid	20	51	86	14	9.80	25	75	12	24	25

This table presents Akamai Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,182	4,373	4,649	5,462	7,007	7,764	8,139	8,303	9,900	10,369
Total Current Assets	1,253	1,310	1,346	2,535	2,232	1,930	1,920	1,970	1,805	2,578
Cash & Equivalents	289	324	313	1,036	394	353	537	542	489	518
Short-Term Investments	460	513	399	856	1,143	745	541	563	375	1,079
Accounts Receivable	380	369	461	480	552	660	676	679	724	728
Prepaid Expenses	123	104	173	163	143	171	166	185	216	254
Plant, Property, & Equipment, net	753	801	863	911	0.00	1,478	1,534	1,540	1,826	1,995
Total Noncurrent Assets	2,175	2,262	2,440	2,016	4,775	4,356	4,684	4,794	6,269	5,796
Long-Term Investments	775	779	568	209	835	1,399	1,088	321	1,431	276
Goodwill	1,150	1,229	1,499	1,487	1,600	1,674	2,156	2,764	2,850	3,151
Intangible Assets	156	149	201	168	179	235	313	442	536	728
Noncurrent Deferred & Refundable Income Taxes	4.70	8.98	36	35	77	107	168	338	418	483
Other Noncurrent Operating Assets	90	96	136	116	2,084	942	958	930	1,033	1,158
Total Liabilities & Shareholders' Equity	4,182	4,373	4,649	5,462	7,007	7,764	8,139	8,303	9,900	10,369
Total Liabilities	1,061	1,149	1,286	2,270	3,349	3,513	3,609	3,943	5,303	5,490
Total Current Liabilities	332	375	457	1,211	693	758	790	819	836	2,091
Short-Term Debt	-	-	0.00	687	-	-	-	-	0.00	1,149
Accounts Payable	62	76	80	99	139	119	110	145	147	130
Accrued Expenses	216	239	284	328	335	380	412	367	352	371
Current Deferred Revenue	54	53	70	69	71	77	87	105	108	149
Other Current Liabilities	0.14	6.72	22	28	148	183	182	201	229	292
Total Noncurrent Liabilities	728	774	830	1,059	2,656	2,755	2,818	3,124	4,467	3,399
Long-Term Debt	618	640	663	874	1,840	1,907	1,976	2,285	3,538	2,397
Noncurrent Deferred Revenue	4.16	3.76	6.06	4.56	4.37	5.26	25	22	23	26
Noncurrent Deferred & Payable Income Tax Liabilities	13	12	18	20	29	37	41	18	25	16
Other Noncurrent Operating Liabilities	93	119	143	161	782	805	776	799	881	960
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,121	3,224	3,362	3,192	3,658	4,251	4,530	4,360	4,597	4,878
Total Preferred & Common Equity	3,121	3,224	3,362	3,192	3,658	4,251	4,530	4,360	4,597	4,878
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,121	3,224	3,362	3,192	3,658	4,251	4,530	4,360	4,597	4,878
Common Stock	4,439	4,241	4,075	3,672	3,655	3,666	3,342	2,580	2,225	2,620
Retained Earnings	-1,277	-961	-691	-431	48	605	1,257	1,920	2,468	2,973
Treasury Stock	-	-	-	-	-	-	-	-	0.00	-558
Accumulated Other Comprehensive Income / (Loss)	-41	-56	-22	-49	-45	-20	-69	-140	-95	-156

This table presents Akamai Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	8,107	8,303	8,183	8,346	9,582	9,900	9,936	10,088	10,190	10,369
Total Current Assets	1,696	1,970	1,698	1,718	1,867	1,805	2,625	2,570	2,634	2,578
Cash & Equivalents	458	542	299	299	460	489	468	448	570	518
Short-Term Investments	406	563	453	492	479	375	1,207	1,189	1,129	1,079
Accounts Receivable	622	679	706	698	713	724	717	699	696	728
Prepaid Expenses	209	185	240	229	215	216	234	234	239	254
Plant, Property, & Equipment, net	1,520	1,540	1,655	1,746	1,786	1,826	1,864	1,911	1,949	1,995
Total Noncurrent Assets	4,891	4,794	4,831	4,881	5,928	6,269	5,446	5,606	5,607	5,796
Long-Term Investments	489	321	299	249	1,209	1,431	582	277	279	276
Goodwill	2,753	2,764	2,782	2,848	2,843	2,850	2,847	3,146	3,154	3,151
Intangible Assets	455	442	432	437	465	536	513	633	586	728
Noncurrent Deferred & Refundable Income Taxes	286	338	335	337	405	418	430	428	431	483
Other Noncurrent Operating Assets	909	930	983	1,009	1,006	1,033	1,075	1,122	1,156	1,158
Total Liabilities & Shareholders' Equity	8,107	8,303	8,183	8,346	9,582	9,900	9,936	10,088	10,190	10,369
Total Liabilities	3,874	3,943	4,012	4,057	5,258	5,303	5,302	5,333	5,396	5,490
Total Current Liabilities	753	819	836	861	810	836	809	1,946	1,983	2,091
Short-Term Debt	-	-	-	20	-	0.00	-	1,148	1,148	1,149
Accounts Payable	119	145	202	194	144	147	135	125	107	130
Accrued Expenses	329	367	257	269	329	352	292	284	289	371
Current Deferred Revenue	110	105	141	139	124	108	143	140	139	149
Other Current Liabilities	195	201	236	238	212	229	240	250	300	292
Total Noncurrent Liabilities	3,121	3,124	3,176	3,196	4,447	4,467	4,493	3,387	3,413	3,399
Long-Term Debt	2,284	2,285	2,286	2,287	3,536	3,538	3,540	2,394	2,395	2,397
Noncurrent Deferred Revenue	22	22	24	27	27	23	21	29	24	26
Noncurrent Deferred & Payable Income Tax Liabilities	38	18	20	19	21	25	25	26	27	16
Other Noncurrent Operating Liabilities	777	799	845	863	863	881	907	938	966	960
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,233	4,360	4,171	4,289	4,324	4,597	4,634	4,755	4,794	4,878
Total Preferred & Common Equity	4,233	4,360	4,171	4,289	4,324	4,597	4,634	4,755	4,794	4,878
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,233	4,360	4,171	4,289	4,324	4,597	4,634	4,755	4,794	4,878
Common Stock	3,107	2,580	2,627	2,753	2,758	2,225	2,232	2,370	2,481	2,620
Retained Earnings	1,744	1,920	2,017	2,146	2,307	2,468	2,643	2,775	2,833	2,973
Treasury Stock	-430	-	-352	-490	-604	0.00	-125	-253	-420	-558
Accumulated Other Comprehensive Income / (Loss)	-187	-140	-121	-120	-137	-95	-117	-137	-100	-156

This table displays calculated financial ratios and metrics derived from Akamai Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.89%	6.85%	6.01%	9.06%	6.60%	10.52%	8.23%	4.49%	5.40%	4.70%
EBITDA Growth	4.21%	5.27%	-14.20%	18.33%	23.71%	15.79%	17.06%	-9.89%	-4.90%	-2.70%
EBIT Growth	-4.84%	1.37%	-32.98%	14.02%	52.36%	19.83%	19.64%	-15.17%	-6.13%	-17.79%
NOPAT Growth	-3.70%	-2.22%	-30.54%	41.47%	56.67%	23.39%	17.46%	-23.72%	-2.31%	-13.99%
Net Income Growth	-3.76%	-0.21%	-30.54%	33.94%	60.21%	16.53%	16.98%	-19.64%	4.57%	-7.80%
EPS Growth	-3.26%	2.25%	-29.12%	36.43%	64.77%	16.21%	16.62%	-17.05%	7.98%	-7.10%
Operating Cash Flow Growth	20.57%	9.88%	-8.12%	25.89%	4.96%	14.81%	15.60%	-9.25%	5.79%	12.66%
Free Cash Flow Firm Growth	105.44%	713.61%	-195.65%	249.07%	-95.15%	270.84%	-49.73%	-1,000.47%	74.06%	-192.99%
Invested Capital Growth	15.23%	1.51%	22.14%	-3.44%	17.88%	17.14%	18.54%	20.27%	11.88%	12.20%
Revenue Q/Q Growth	1.99%	1.95%	1.40%	2.06%	2.07%	2.37%	1.74%	0.62%	1.80%	0.63%
EBITDA Q/Q Growth	-0.16%	1.83%	-10.75%	15.78%	1.46%	1.52%	5.32%	-2.96%	1.08%	-1.42%
EBIT Q/Q Growth	-2.91%	2.41%	-24.20%	32.32%	2.69%	0.82%	7.66%	-4.28%	2.14%	-6.72%
NOPAT Q/Q Growth	-2.58%	1.49%	-23.17%	29.97%	5.09%	1.03%	6.72%	-7.98%	4.61%	-4.39%
Net Income Q/Q Growth	-2.63%	2.50%	-23.57%	28.68%	5.54%	-1.02%	7.80%	-5.72%	6.29%	-4.04%
EPS Q/Q Growth	-2.73%	3.41%	-23.21%	29.41%	5.84%	-0.88%	7.67%	-4.68%	6.34%	-2.97%
Operating Cash Flow Q/Q Growth	6.95%	-6.73%	1.68%	9.65%	-0.38%	0.74%	7.32%	-3.44%	3.67%	-2.90%
Free Cash Flow Firm Q/Q Growth	51.20%	-26.64%	-171.33%	251.98%	-78.23%	-59.21%	-88.61%	57.37%	-128.31%	-51.79%
Invested Capital Q/Q Growth	0.66%	5.82%	9.14%	0.35%	3.46%	6.33%	14.55%	1.06%	2.23%	3.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	66.98%	65.54%	64.81%	64.87%	65.87%	64.58%	63.34%	61.74%	60.36%	59.39%
EBITDA Margin	35.59%	35.06%	28.38%	30.79%	35.73%	37.44%	40.49%	34.92%	31.51%	29.28%
Operating Margin	21.21%	19.87%	12.63%	13.35%	18.97%	20.59%	22.63%	18.70%	16.72%	13.36%
EBIT Margin	21.11%	20.03%	12.66%	13.24%	18.92%	20.51%	22.68%	18.41%	16.40%	12.87%
Profit (Net Income) Margin	14.63%	13.66%	8.95%	10.99%	16.52%	17.42%	18.83%	14.48%	14.37%	12.65%
Tax Burden Percent	70.39%	68.77%	70.90%	86.97%	89.78%	90.42%	89.48%	79.59%	83.92%	86.01%
Interest Burden Percent	98.42%	99.16%	99.69%	95.47%	97.26%	93.90%	92.77%	98.82%	104.40%	114.24%
Effective Tax Rate	29.61%	31.23%	29.10%	13.03%	10.02%	7.45%	8.59%	19.25%	16.30%	13.99%
Return on Invested Capital (ROIC)	15.86%	14.38%	8.92%	11.68%	17.10%	17.96%	17.89%	11.42%	9.65%	7.41%
ROIC Less NNEP Spread (ROIC-NNEP)	16.56%	14.39%	8.93%	14.60%	20.06%	27.29%	34.35%	4.73%	11.00%	10.57%
Return on Net Nonoperating Assets (RNNOA)	-5.27%	-4.27%	-2.16%	-2.58%	-3.14%	-3.87%	-3.05%	0.36%	2.58%	3.25%
Return on Equity (ROE)	10.60%	10.11%	6.76%	9.10%	13.96%	14.09%	14.84%	11.78%	12.23%	10.66%
Cash Return on Invested Capital (CROIC)	1.71%	12.88%	-11.01%	15.19%	0.69%	2.17%	0.93%	-6.98%	-1.57%	-4.09%
Operating Return on Assets (OROA)	11.34%	10.99%	6.99%	7.11%	8.78%	8.88%	9.87%	8.10%	6.87%	5.07%
Return on Assets (ROA)	7.86%	7.50%	4.94%	5.90%	7.67%	7.54%	8.20%	6.37%	6.02%	4.98%
Return on Common Equity (ROCE)	10.60%	10.11%	6.76%	9.10%	13.96%	14.09%	14.84%	11.78%	12.23%	10.66%
Return on Equity Simple (ROE_SIMPLE)	10.30%	9.95%	6.63%	9.35%	13.07%	13.10%	14.39%	12.01%	11.91%	10.35%
Net Operating Profit after Tax (NOPAT)	328	321	223	315	494	609	716	546	533	459
NOPAT Margin	14.93%	13.66%	8.95%	11.61%	17.07%	19.06%	20.68%	15.10%	13.99%	11.50%
Net Nonoperating Expense Percent (NNEP)	-0.70%	-0.01%	-0.01%	-2.92%	-2.96%	-9.33%	-16.46%	6.69%	-1.35%	-3.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.22%	6.56%	5.45%
Cost of Revenue to Revenue	33.02%	34.46%	35.19%	35.13%	34.13%	35.42%	36.66%	38.26%	39.64%	40.61%
SG&A Expenses to Revenue	17.67%	18.74%	20.46%	21.15%	17.84%	17.13%	15.98%	16.15%	15.76%	15.58%
R&D to Revenue	6.76%	7.14%	8.94%	9.07%	9.03%	8.42%	9.69%	10.82%	10.65%	11.80%
Operating Expenses to Revenue	45.77%	45.67%	52.19%	51.52%	46.90%	43.99%	40.71%	43.04%	43.64%	46.03%
Earnings before Interest and Taxes (EBIT)	464	470	315	359	547	656	785	666	625	514
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	782	823	706	836	1,034	1,197	1,402	1,263	1,201	1,169
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.00	3.58	3.27	3.12	3.82	4.02	4.20	3.04	3.88	2.95
Price to Tangible Book Value (P/TBV)	5.16	6.26	6.62	6.48	7.43	7.30	9.23	11.48	14.75	14.37
Price to Revenue (P/Rev)	4.26	4.92	4.42	3.66	4.82	5.34	5.49	3.67	4.68	3.60
Price to Earnings (P/E)	29.14	36.03	49.39	33.34	29.20	30.68	29.18	25.31	32.60	28.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.43%	2.78%	2.02%	3.00%	3.42%	3.26%	3.43%	3.95%	3.07%	3.51%
Enterprise Value to Invested Capital (EV/IC)	3.82	4.71	3.78	3.55	4.30	4.51	4.34	2.70	3.27	2.45
Enterprise Value to Revenue (EV/Rev)	3.85	4.51	4.17	3.47	4.64	5.16	5.44	3.90	5.01	4.02
Enterprise Value to EBITDA (EV/EBITDA)	10.82	12.85	14.70	11.26	12.98	13.78	13.43	11.18	15.90	13.73
Enterprise Value to EBIT (EV/EBIT)	18.23	22.50	32.95	26.18	24.52	25.15	23.98	21.20	30.55	31.22
Enterprise Value to NOPAT (EV/NOPAT)	25.78	32.98	46.60	29.84	27.18	27.08	26.30	25.85	35.79	34.97
Enterprise Value to Operating Cash Flow (EV/OCF)	10.66	12.14	12.97	9.33	12.69	13.58	13.40	11.07	14.16	10.56
Enterprise Value to Free Cash Flow (EV/FCFF)	239.47	36.81	0.00	22.96	675.68	223.93	508.17	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.20	0.20	0.49	0.50	0.45	0.44	0.52	0.77	0.73
Long-Term Debt to Equity	0.20	0.20	0.20	0.27	0.50	0.45	0.44	0.52	0.77	0.49
Financial Leverage	-0.32	-0.30	-0.24	-0.18	-0.16	-0.14	-0.09	0.08	0.23	0.31
Leverage Ratio	1.35	1.35	1.37	1.54	1.82	1.87	1.81	1.85	2.03	2.14
Compound Leverage Factor	1.33	1.34	1.37	1.47	1.77	1.75	1.68	1.83	2.12	2.44
Debt to Total Capital	16.53%	16.56%	16.47%	32.84%	33.46%	30.96%	30.37%	34.39%	43.49%	42.09%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	13.64%
Long-Term Debt to Total Capital	16.53%	16.56%	16.47%	18.39%	33.46%	30.96%	30.37%	34.39%	43.49%	28.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.47%	83.44%	83.53%	67.16%	66.54%	69.04%	69.63%	65.61%	56.51%	57.91%
Debt to EBITDA	0.79	0.78	0.94	1.87	1.78	1.59	1.41	1.81	2.95	3.03
Net Debt to EBITDA	-1.16	-1.19	-0.87	-0.65	-0.52	-0.49	-0.14	0.68	1.03	1.43
Long-Term Debt to EBITDA	0.79	0.78	0.94	1.05	1.78	1.59	1.41	1.81	2.95	2.05
Debt to NOPAT	1.88	2.00	2.97	4.95	3.72	3.13	2.76	4.19	6.63	7.73
Net Debt to NOPAT	-2.76	-3.04	-2.77	-1.71	-1.08	-0.97	-0.27	1.57	2.33	3.65
Long-Term Debt to NOPAT	1.88	2.00	2.97	2.77	3.72	3.13	2.76	4.19	6.63	5.22
Altman Z-Score	6.03	6.88	5.91	3.52	3.44	3.90	4.29	3.21	3.08	2.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.77	3.50	2.95	2.09	3.22	2.55	2.43	2.41	2.16	1.23
Quick Ratio	3.40	3.22	2.57	1.96	3.01	2.32	2.22	2.18	1.90	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	35	287	-275	410	20	74	37	-334	-87	-254
Operating Cash Flow to CapEx	178.31%	275.64%	193.11%	248.51%	188.28%	166.01%	257.61%	278.13%	184.71%	221.69%
Free Cash Flow to Firm to Interest Expense	1.91	15.42	-14.59	9.49	0.40	1.07	0.51	-30.06	-4.89	-9.35
Operating Cash Flow to Interest Expense	42.83	46.78	42.52	23.34	21.44	17.58	19.42	114.88	76.14	56.02
Operating Cash Flow Less CapEx to Interest Expense	18.81	29.81	20.50	13.95	10.05	6.99	11.88	73.57	34.92	30.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.55	0.55	0.54	0.46	0.43	0.44	0.44	0.42	0.39
Accounts Receivable Turnover	6.19	6.27	6.00	5.77	5.61	5.28	5.18	5.34	5.43	5.50
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.24	3.02	2.99	3.06	0.00	0.00	2.30	2.35	2.26	2.09
Accounts Payable Turnover	10.41	11.72	11.20	10.63	8.30	8.80	11.11	10.84	10.34	11.69
Days Sales Outstanding (DSO)	58.96	58.22	60.86	63.29	65.08	69.16	70.44	68.38	67.19	66.39
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	35.06	31.15	32.59	34.33	43.99	41.49	32.86	33.68	35.31	31.23
Cash Conversion Cycle (CCC)	23.91	27.07	28.27	28.96	21.09	27.67	37.58	34.71	31.89	35.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,215	2,248	2,746	2,651	3,125	3,661	4,340	5,220	5,840	6,552
Invested Capital Turnover	1.06	1.05	1.00	1.01	1.00	0.94	0.87	0.76	0.69	0.64
Increase / (Decrease) in Invested Capital	293	33	498	-95	474	536	679	880	620	712
Enterprise Value (EV)	8,459	10,579	10,385	9,407	13,427	16,502	18,827	14,115	19,093	16,043
Market Capitalization	9,365	11,556	11,002	9,948	13,959	17,092	19,017	13,256	17,851	14,369
Book Value per Share	$17.54	$18.61	$19.88	$19.60	$22.64	$26.11	$27.88	$27.73	$30.48	$32.47
Tangible Book Value per Share	$10.20	$10.65	$9.83	$9.43	$11.62	$14.39	$12.68	$7.34	$8.03	$6.65
Total Capital	3,739	3,864	4,025	4,752	5,498	6,158	6,506	6,645	8,135	8,424
Total Debt	618	640	663	1,561	1,840	1,907	1,976	2,285	3,538	3,546
Total Long-Term Debt	618	640	663	874	1,840	1,907	1,976	2,285	3,538	2,397
Net Debt	-906	-976	-617	-541	-533	-590	-190	859	1,242	1,674
Capital Expenditures (CapEx)	445	316	415	406	562	732	545	458	730	685
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	98	178	119	1.28	73	52	45	104	39
Debt-free Net Working Capital (DFNWC)	921	935	890	2,011	1,538	1,171	1,130	1,151	969	1,636
Net Working Capital (NWC)	921	935	890	1,325	1,538	1,171	1,130	1,151	969	487
Net Nonoperating Expense (NNE)	6.71	0.10	0.07	17	16	52	64	22	-14	-46
Net Nonoperating Obligations (NNO)	-906	-976	-617	-541	-533	-590	-190	859	1,242	1,674
Total Depreciation and Amortization (D&A)	318	353	391	476	487	541	617	597	576	655
Debt-free, Cash-free Net Working Capital to Revenue	7.79%	4.19%	7.14%	4.39%	0.04%	2.29%	1.50%	1.25%	2.74%	0.98%
Debt-free Net Working Capital to Revenue	41.90%	39.84%	35.74%	74.09%	53.16%	36.63%	32.65%	31.82%	25.42%	40.99%
Net Working Capital to Revenue	41.90%	39.84%	35.74%	48.80%	53.16%	36.63%	32.65%	31.82%	25.42%	12.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.80	$1.81	$1.27	$1.78	$2.94	$3.43	$4.01	$3.29	$3.59	$3.34
Adjusted Weighted Average Basic Shares Outstanding	178.39M	174.92M	171.56M	167.31M	162.71M	162.49M	162.67M	159.09M	152.51M	151.39M
Adjusted Diluted Earnings per Share	$1.78	$1.79	$1.26	$1.76	$2.90	$3.37	$3.93	$3.26	$3.52	$3.27
Adjusted Weighted Average Diluted Shares Outstanding	180.42M	176.22M	172.71M	169.19M	164.57M	165.21M	165.80M	160.47M	155.40M	154.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	176.75M	173.19M	170.03M	163.21M	161.88M	163.22M	160.35M	156.28M	151.53M	150.32M
Normalized Net Operating Profit after Tax (NOPAT)	329	328	262	339	509	644	726	557	581	541
Normalized NOPAT Margin	14.96%	13.97%	10.52%	12.50%	17.60%	20.14%	20.97%	15.40%	15.24%	13.55%
Pre Tax Income Margin	20.78%	19.86%	12.62%	12.64%	18.40%	19.26%	21.04%	18.19%	17.12%	14.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	25.04	25.23	16.73	8.32	11.09	9.49	10.85	60.01	35.30	18.95
NOPAT to Interest Expense	17.71	17.21	11.83	7.30	10.01	8.82	9.90	49.21	30.12	16.92
EBIT Less CapEx to Interest Expense	1.02	8.26	-5.29	-1.07	-0.30	-1.10	3.31	18.70	-5.93	-6.32
NOPAT Less CapEx to Interest Expense	-6.31	0.24	-10.19	-2.09	-1.38	-1.77	2.36	7.91	-11.10	-8.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	94.15%	116.55%	162.14%	251.36%	69.98%	34.75%	80.14%	116.11%	119.43%	110.41%

This table displays calculated financial ratios and metrics derived from Akamai Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.51%	2.48%	1.33%	3.59%	9.48%	7.25%	7.78%	4.69%	4.06%	2.50%
EBITDA Growth	-14.51%	-10.89%	-15.17%	-11.81%	3.43%	4.05%	24.64%	6.36%	-30.39%	-5.14%
EBIT Growth	-23.33%	-15.21%	-24.11%	-15.47%	8.00%	7.88%	34.57%	-1.09%	-66.77%	-20.68%
NOPAT Growth	-34.24%	-27.03%	-36.22%	-9.06%	24.46%	18.51%	60.30%	-9.19%	-64.51%	-13.67%
Net Income Growth	-30.86%	-19.79%	-27.19%	-6.55%	29.79%	25.17%	80.65%	2.23%	-63.93%	-13.19%
EPS Growth	-27.78%	-16.49%	-24.39%	-1.18%	33.33%	25.93%	79.03%	2.38%	-63.46%	-9.80%
Operating Cash Flow Growth	-5.24%	-11.73%	4.97%	7.29%	-2.67%	13.97%	50.70%	17.65%	9.21%	-11.67%
Free Cash Flow Firm Growth	-708.98%	-49.33%	103.78%	127.78%	68.68%	37.70%	-760.74%	-227.04%	-51.03%	-24.17%
Invested Capital Growth	36.32%	20.27%	0.81%	-7.17%	10.61%	11.88%	9.43%	14.86%	11.33%	12.20%
Revenue Q/Q Growth	-2.37%	5.20%	-1.30%	2.19%	3.18%	3.06%	-0.81%	-0.75%	2.56%	1.52%
EBITDA Q/Q Growth	-4.68%	1.12%	-17.39%	10.75%	11.79%	1.73%	-1.04%	-5.49%	-26.84%	38.63%
EBIT Q/Q Growth	-8.92%	3.69%	-25.17%	19.62%	16.36%	3.57%	-6.65%	-12.08%	-60.91%	147.23%
NOPAT Q/Q Growth	-11.28%	2.06%	-24.32%	32.72%	21.42%	-2.83%	2.37%	-24.81%	-52.55%	136.40%
Net Income Q/Q Growth	-10.26%	4.10%	-24.58%	32.66%	24.63%	0.39%	8.84%	-24.93%	-56.03%	141.60%
EPS Q/Q Growth	-8.24%	3.85%	-23.46%	35.48%	23.81%	-1.92%	8.82%	-22.52%	-55.81%	142.11%
Operating Cash Flow Q/Q Growth	8.16%	-7.53%	-31.63%	56.88%	-1.88%	8.28%	-9.59%	22.48%	-8.92%	-12.42%
Free Cash Flow Firm Q/Q Growth	37.73%	39.90%	107.14%	939.25%	-170.20%	-19.55%	24.24%	-99.81%	16.54%	1.71%
Invested Capital Q/Q Growth	-13.72%	1.06%	3.59%	2.77%	2.80%	2.23%	1.33%	7.86%	-0.36%	3.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.72%	61.42%	60.54%	60.11%	60.32%	60.46%	60.00%	58.87%	59.31%	59.37%
EBITDA Margin	35.40%	34.03%	28.48%	30.87%	33.45%	33.02%	32.94%	31.37%	22.37%	30.55%
Operating Margin	18.19%	18.05%	13.83%	16.01%	18.24%	18.57%	16.89%	15.11%	7.03%	14.52%
EBIT Margin	18.16%	17.90%	13.57%	15.89%	17.92%	18.00%	16.94%	15.01%	5.72%	13.93%
Profit (Net Income) Margin	14.03%	13.88%	10.60%	13.77%	16.63%	16.20%	17.77%	13.44%	5.76%	13.72%
Tax Burden Percent	78.21%	76.46%	76.53%	85.87%	89.49%	82.13%	93.18%	78.93%	78.46%	88.49%
Interest Burden Percent	98.75%	101.41%	102.10%	100.91%	103.71%	109.54%	112.57%	113.47%	128.41%	111.27%
Effective Tax Rate	21.79%	23.54%	23.47%	14.13%	11.33%	17.87%	6.82%	21.07%	21.54%	11.51%
Return on Invested Capital (ROIC)	11.42%	10.44%	7.13%	8.72%	11.14%	10.51%	10.80%	7.84%	3.62%	8.27%
ROIC Less NNEP Spread (ROIC-NNEP)	8.84%	10.66%	7.15%	8.73%	11.51%	11.41%	12.39%	8.87%	3.79%	8.88%
Return on Net Nonoperating Assets (RNNOA)	0.14%	0.80%	1.94%	3.03%	3.12%	2.68%	3.54%	2.84%	1.23%	2.73%
Return on Equity (ROE)	11.56%	11.25%	9.07%	11.75%	14.26%	13.19%	14.34%	10.68%	4.85%	11.01%
Cash Return on Invested Capital (CROIC)	-17.48%	-6.98%	8.33%	15.74%	-0.70%	-1.57%	1.46%	-4.11%	-2.77%	-4.09%
Operating Return on Assets (OROA)	8.05%	7.87%	5.97%	7.03%	7.58%	7.54%	7.26%	6.40%	2.30%	5.49%
Return on Assets (ROA)	6.22%	6.11%	4.67%	6.09%	7.04%	6.78%	7.62%	5.73%	2.31%	5.40%
Return on Common Equity (ROCE)	11.56%	11.25%	9.07%	11.75%	14.26%	13.19%	14.34%	10.68%	4.85%	11.01%
Return on Equity Simple (ROE_SIMPLE)	13.12%	0.00%	11.68%	11.15%	11.91%	0.00%	13.51%	13.23%	10.98%	0.00%
Net Operating Profit after Tax (NOPAT)	125	128	97	129	156	152	155	117	55	131
NOPAT Margin	14.23%	13.80%	10.58%	13.75%	16.18%	15.25%	15.74%	11.92%	5.52%	12.85%
Net Nonoperating Expense Percent (NNEP)	2.59%	-0.21%	-0.02%	-0.01%	-0.38%	-0.90%	-1.59%	-1.03%	-0.17%	-0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	1.93%	-	-	-	1.87%	-	-	-	1.56%
Cost of Revenue to Revenue	39.28%	38.58%	39.46%	39.89%	39.68%	39.54%	40.00%	41.13%	40.69%	40.63%
SG&A Expenses to Revenue	15.81%	16.20%	15.96%	16.22%	15.26%	15.64%	15.44%	15.71%	15.92%	15.25%
R&D to Revenue	10.66%	11.36%	10.03%	10.58%	10.97%	10.97%	11.85%	11.57%	11.98%	11.79%
Operating Expenses to Revenue	42.52%	43.37%	46.71%	44.10%	42.08%	41.89%	43.11%	43.76%	52.28%	44.86%
Earnings before Interest and Taxes (EBIT)	160	166	124	149	173	179	167	147	57	142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	312	316	261	289	323	329	325	307	225	312
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.02	3.04	2.93	3.19	3.74	3.88	3.54	2.89	3.19	2.95
Price to Tangible Book Value (P/TBV)	12.46	11.48	12.78	13.63	15.91	14.75	12.87	14.07	14.52	14.37
Price to Revenue (P/Rev)	3.55	3.67	3.37	3.74	4.32	4.68	4.22	3.49	3.86	3.60
Price to Earnings (P/E)	22.99	25.31	25.11	28.59	31.37	32.60	26.21	21.82	29.07	28.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.35%	3.95%	3.98%	3.50%	3.19%	3.07%	3.82%	4.58%	3.44%	3.51%
Enterprise Value to Invested Capital (EV/IC)	2.65	2.70	2.49	2.69	3.07	3.27	2.99	2.40	2.65	2.45
Enterprise Value to Revenue (EV/Rev)	3.81	3.90	3.71	4.08	4.69	5.01	4.56	3.91	4.25	4.02
Enterprise Value to EBITDA (EV/EBITDA)	10.53	11.18	11.08	12.69	14.77	15.90	13.98	11.96	14.22	13.73
Enterprise Value to EBIT (EV/EBIT)	19.69	21.20	21.51	24.95	28.68	30.55	26.48	23.03	30.61	31.22
Enterprise Value to NOPAT (EV/NOPAT)	23.09	25.85	27.40	31.20	34.42	35.79	29.85	26.46	35.14	34.97
Enterprise Value to Operating Cash Flow (EV/OCF)	10.38	11.07	10.48	11.40	13.49	14.16	12.06	10.02	10.78	10.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	30.04	16.45	0.00	0.00	214.44	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.52	0.55	0.54	0.82	0.77	0.76	0.75	0.74	0.73
Long-Term Debt to Equity	0.54	0.52	0.55	0.53	0.82	0.77	0.76	0.50	0.50	0.49
Financial Leverage	0.02	0.08	0.27	0.35	0.27	0.23	0.29	0.32	0.32	0.31
Leverage Ratio	1.84	1.85	1.95	1.93	2.07	2.03	2.06	2.04	2.17	2.14
Compound Leverage Factor	1.82	1.88	1.99	1.95	2.14	2.23	2.32	2.31	2.78	2.38
Debt to Total Capital	35.05%	34.39%	35.41%	34.98%	44.99%	43.49%	43.31%	42.69%	42.50%	42.09%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.30%	0.00%	0.00%	0.00%	13.83%	13.77%	13.64%
Long-Term Debt to Total Capital	35.05%	34.39%	35.41%	34.68%	44.99%	43.49%	43.31%	28.86%	28.73%	28.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.95%	65.61%	64.59%	65.02%	55.01%	56.51%	56.69%	57.31%	57.50%	57.91%
Debt to EBITDA	1.75	1.81	1.88	1.96	2.98	2.95	2.80	2.76	2.99	3.03
Net Debt to EBITDA	0.72	0.68	1.02	1.08	1.17	1.03	1.01	1.27	1.32	1.43
Long-Term Debt to EBITDA	1.75	1.81	1.88	1.94	2.98	2.95	2.80	1.86	2.02	2.05
Debt to NOPAT	3.85	4.19	4.65	4.82	6.94	6.63	5.97	6.11	7.39	7.73
Net Debt to NOPAT	1.57	1.57	2.51	2.65	2.72	2.33	2.17	2.81	3.26	3.65
Long-Term Debt to NOPAT	3.85	4.19	4.65	4.77	6.94	6.63	5.97	4.13	4.99	5.22
Altman Z-Score	2.93	3.01	2.80	3.00	2.76	2.93	2.89	2.44	2.57	2.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.25	2.41	2.03	2.00	2.30	2.16	3.25	1.32	1.33	1.23
Quick Ratio	1.97	2.18	1.74	1.73	2.04	1.90	2.96	1.20	1.21	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,251	-752	54	558	-392	-468	-355	-709	-592	-581
Operating Cash Flow to CapEx	376.88%	308.24%	105.06%	207.79%	181.88%	290.69%	202.52%	263.53%	212.05%	211.10%
Free Cash Flow to Firm to Interest Expense	-449.03	-280.03	20.02	176.73	-78.54	-68.02	-52.03	-103.79	-87.83	-86.32
Operating Cash Flow to Interest Expense	132.60	127.23	87.09	116.03	72.07	56.54	51.61	63.11	58.28	51.05
Operating Cash Flow Less CapEx to Interest Expense	97.42	85.96	4.20	60.19	32.45	37.09	26.13	39.16	30.80	26.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.44	0.44	0.44	0.42	0.42	0.43	0.43	0.40	0.39
Accounts Receivable Turnover	5.61	5.34	5.09	5.36	5.61	5.43	5.46	5.62	5.63	5.50
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.35	2.35	2.24	2.23	2.26	2.26	2.21	2.15	2.12	2.09
Accounts Payable Turnover	12.43	10.84	8.69	8.82	11.20	10.34	9.17	9.87	12.74	11.69
Days Sales Outstanding (DSO)	65.10	68.38	71.65	68.14	65.08	67.19	66.85	64.95	64.87	66.39
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	29.36	33.68	42.00	41.36	32.59	35.31	39.80	36.98	28.64	31.23
Cash Conversion Cycle (CCC)	35.74	34.71	29.65	26.77	32.49	31.89	27.05	27.97	36.23	35.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,165	5,220	5,407	5,557	5,712	5,840	5,917	6,382	6,359	6,552
Invested Capital Turnover	0.80	0.76	0.67	0.63	0.69	0.69	0.69	0.66	0.66	0.64
Increase / (Decrease) in Invested Capital	1,376	880	43	-429	548	620	510	826	647	712
Enterprise Value (EV)	13,699	14,115	13,472	14,946	17,552	19,093	17,688	15,348	16,862	16,043
Market Capitalization	12,767	13,256	12,236	13,678	16,164	17,851	16,404	13,721	15,297	14,369
Book Value per Share	$26.63	$27.73	$26.69	$28.18	$28.50	$30.48	$30.56	$31.22	$31.64	$32.47
Tangible Book Value per Share	$6.45	$7.34	$6.13	$6.59	$6.70	$8.03	$8.41	$6.40	$6.95	$6.65
Total Capital	6,517	6,645	6,458	6,597	7,861	8,135	8,174	8,297	8,338	8,424
Total Debt	2,284	2,285	2,286	2,307	3,536	3,538	3,540	3,542	3,544	3,546
Total Long-Term Debt	2,284	2,285	2,286	2,287	3,536	3,538	3,540	2,394	2,395	2,397
Net Debt	931	859	1,236	1,268	1,388	1,242	1,283	1,628	1,565	1,674
Capital Expenditures (CapEx)	98	111	222	176	198	134	174	164	185	163
Debt-free, Cash-free Net Working Capital (DFCFNWC)	78	45	110	87	118	104	142	135	101	39
Debt-free Net Working Capital (DFNWC)	943	1,151	861	878	1,057	969	1,816	1,772	1,800	1,636
Net Working Capital (NWC)	943	1,151	861	858	1,057	969	1,816	625	651	487
Net Nonoperating Expense (NNE)	1.78	-0.71	-0.19	-0.19	-4.37	-9.41	-20	-15	-2.49	-8.89
Net Nonoperating Obligations (NNO)	931	859	1,236	1,268	1,388	1,242	1,283	1,628	1,565	1,674
Total Depreciation and Amortization (D&A)	152	150	137	140	150	149	158	160	167	170
Debt-free, Cash-free Net Working Capital to Revenue	2.18%	1.25%	3.02%	2.38%	3.14%	2.74%	3.65%	3.44%	2.54%	0.98%
Debt-free Net Working Capital to Revenue	26.22%	31.82%	23.74%	23.97%	28.22%	25.42%	46.77%	45.13%	45.38%	40.99%
Net Working Capital to Revenue	26.22%	31.82%	23.74%	23.43%	28.22%	25.42%	46.77%	15.90%	16.42%	12.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.68	$0.82	$0.62	$0.85	$1.06	$1.06	$1.16	$0.86	$0.38	$0.94
Adjusted Weighted Average Basic Shares Outstanding	158.72M	159.09M	155.64M	152.06M	151.36M	152.51M	151.63M	152.27M	151.44M	151.39M
Adjusted Diluted Earnings per Share	$0.68	$0.81	$0.62	$0.84	$1.04	$1.02	$1.11	$0.86	$0.38	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	159.07M	160.47M	156.14M	153.45M	154.98M	155.40M	157.47M	153.59M	153.24M	154.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	157.24M	156.28M	152.20M	151.71M	150.83M	151.53M	152.32M	151.53M	150.23M	150.32M
Normalized Net Operating Profit after Tax (NOPAT)	126	128	131	137	158	152	156	118	120	141
Normalized NOPAT Margin	14.25%	13.85%	14.32%	14.60%	16.41%	15.25%	15.79%	12.04%	11.92%	13.84%
Pre Tax Income Margin	17.93%	18.15%	13.86%	16.03%	18.58%	19.72%	19.07%	17.03%	7.35%	15.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	57.51	61.87	46.35	47.09	34.68	26.02	24.53	21.53	8.53	21.10
NOPAT to Interest Expense	45.05	47.71	36.15	40.74	31.32	22.05	22.79	17.10	8.23	19.45
EBIT Less CapEx to Interest Expense	22.33	20.60	-36.54	-8.75	-4.94	6.57	-0.96	-2.42	-18.95	-3.08
NOPAT Less CapEx to Interest Expense	9.87	6.43	-46.75	-15.10	-8.31	2.60	-2.70	-6.84	-19.26	-4.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	126.25%	116.11%	175.16%	172.74%	150.79%	119.43%	68.84%	67.01%	90.08%	110.41%

Financials Breakdown Chart

Key Financial Trends

Over the past two years through the end of 2024, Akamai Technologies (NASDAQ: AKAM) has demonstrated steady revenue growth and solid profitability, with some fluctuations in expenses and cash flow dynamics.

Revenue and Profitability Trends:

Total revenue increased from approximately $927.8 million in Q4 2022 to about $1.02 billion in Q4 2024, indicating modest but consistent top-line growth.
Net income showed a similar upward trend, rising from around $128.8 million in Q4 2022 to nearly $140 million in Q4 2024, reflecting improved bottom-line performance.
Gross profit margin remained stable, with gross profit around $570 million in Q4 2022 climbing to approximately $606 million in Q4 2024, showing operational efficiency in managing costs of revenue.
Selling, General & Administrative (SG&A) expenses increased over the period, from about $150.3 million in Q4 2022 to $155.5 million in Q4 2024, which may pressure operating margins if not managed carefully.
Marketing and research & development expenses have increased moderately, signaling ongoing investment in growth but also adding to the cost base.

Balance Sheet Highlights:

Total assets grew from roughly $8.3 billion at the end of 2022 to over $10.3 billion by the end of 2024, driven partly by increases in property, plant & equipment and goodwill, suggesting expansion and acquisitions.
Cash and equivalents fluctuated, with a high around $542 million at end 2022 falling to $517.7 million at end 2024, but short-term investments increased, indicating possible portfolio management strategies.
Long-term debt increased from about $2.29 billion in Q4 2022 to approximately $2.40 billion by Q4 2024, representing a modest rise in leverage.
Total equity also increased, from about $4.36 billion at end 2022 to near $4.88 billion at end 2024, indicating retained earnings growth and equity financing.

Cash Flow Observations:

Operating cash flow has generally been strong, with Q4 2024 reporting about $344 million, sustained by robust net income and healthy non-cash adjustments like depreciation and amortization.
Investing cash flows have been negative consistently due to significant capital expenditures on property, plant, and equipment and acquisitions, reaching a net outflow of $244 million in Q4 2024, which may weigh on liquidity in the short term.
Financing activities have been cash outflows, mainly due to share repurchases and debt repayments; Q4 2024 saw a net cash outflow of about $141 million, reflecting ongoing capital return to shareholders but reducing cash reserves.

Summary: Akamai Technologies shows steady growth in revenue and profitability supported by strong operating cash flow. The company continues to invest heavily in growth through capital expenditures and acquisitions. However, increased SG&A expenses and higher debt levels introduce some risks. The consistent share repurchases reflect confidence from management in the company's value but reduce financial flexibility.

Investors should monitor how Akamai balances investment in growth with cost control and debt management in future periods to sustain its positive momentum.

10/23/25 09:15 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Akamai Technologies' Financials

When does Akamai Technologies' financial year end?

According to the most recent income statement we have on file, Akamai Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Akamai Technologies' net income changed over the last 9 years?

Akamai Technologies' net income appears to be on an upward trend, with a most recent value of $504.92 million in 2024, rising from $321.41 million in 2015. The previous period was $547.63 million in 2023. Check out Akamai Technologies' forecast to explore projected trends and price targets.

What is Akamai Technologies' operating income?

Akamai Technologies' total operating income in 2024 was $533.41 million, based on the following breakdown:

Total Gross Profit: $2.37 billion
Total Operating Expenses: $1.84 billion

How has Akamai Technologies' revenue changed over the last 9 years?

Over the last 9 years, Akamai Technologies' total revenue changed from $2.20 billion in 2015 to $3.99 billion in 2024, a change of 81.6%.

How much debt does Akamai Technologies have?

Akamai Technologies' total liabilities were at $5.49 billion at the end of 2024, a 3.5% increase from 2023, and a 417.6% increase since 2015.

How much cash does Akamai Technologies have?

In the past 9 years, Akamai Technologies' cash and equivalents has ranged from $289.47 million in 2015 to $1.04 billion in 2018, and is currently $517.71 million as of their latest financial filing in 2024.

How has Akamai Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Akamai Technologies' book value per share changed from 17.54 in 2015 to 32.47 in 2024, a change of 85.1%.

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This page (NASDAQ:AKAM) was last updated on 10/23/2025 by MarketBeat.com Staff

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Akamai Technologies (AKAM) Financials

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Akamai Technologies (AKAM) Financials

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