Akamai Technologies (AKAM) FY2011 results: revenue $1.2 billion, up 13.2% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $1.2 billion for fiscal 2011, the year ended 31 December 2011, up 13.2% on the year before. Net income was $201 million, up 17.3%, and diluted earnings per share $1.07. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2012.
Revenue
$1.2 billion
+13.2% on the year
FY2007FY2011
Operating margin
25.1%
24.8% a year earlier
FY2007FY2011
Net income
$201 million
+17.3% on the year
FY2007FY2011
Diluted EPS
$1.07
+18.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,159
1,024
860
+13.2%
Cost of revenue
454
303
250
+49.5%
Gross profit
705
720
610
-2.1%
Gross margin
60.8%
70.4%
70.9%
Research and development
52.3
54.8
43.7
-4.4%
Operating income
291
254
223
+14.3%
Operating margin
25.1%
24.8%
26.0%
Interest expense
0.0
1.7
2.8
Pre-tax income
307
262
237
+17.1%
Income tax
106
91.2
91.3
+16.6%
Effective tax rate
34.6%
34.7%
38.5%
Net income
201
171
146
+17.3%
Net margin
17.3%
16.7%
17.0%
Diluted EPS
$1.07
$0.90
$0.78
+18.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
446
402
424
+10.9%
Capital expenditure
133
159
80.9
-16.2%
Free cash flow
313
243
343
+28.6%
Free cash flow margin
27.0%
23.8%
40.0%
Cash from investing
177
-335
-357
Cash from financing
-294
-17.7
-42.5
Depreciation and amortisation
168
143
122
+17.2%
Share-based compensation
61.3
76.5
58.8
-19.8%
Buybacks
324
92.4
66.5
+250.6%
Diluted shares, weighted
188m
191m
189m
-1.6%
Shares outstanding at period end
178m
187m
171m
-4.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
2,156
2,178
1,739
-1.0%
Debt
0.0
n/a
n/a
Other liabilities
189
175
349
+8.1%
Total liabilities and equity
2,346
2,353
2,088
-0.3%
Fixed assets
293
256
182
+14.5%
Goodwill
453
453
441
0.0%
Intangible assets
45.4
62.5
76.3
-27.3%
Investments
671
1,012
880
-33.7%
Cash and equivalents
559
232
181
+141.2%
Receivables
211
175
154
+20.3%
Other assets
113
163
172
-30.3%
Total assets
2,346
2,353
2,088
-0.3%
10-K for the year ended 31 December 2011, filed 29 February 2012: the filing.