Akamai Technologies (AKAM) FY2012 results: revenue $1.4 billion, up 18.6% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $1.4 billion for fiscal 2012, the year ended 31 December 2012, up 18.6% on the year before. Net income was $204 million, up 1.5%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$1.4 billion
+18.6% on the year
FY2007FY2012
Operating margin
22.9%
25.1% a year earlier
FY2007FY2012
Net income
$204 million
+1.5% on the year
FY2007FY2012
Diluted EPS
$1.12
+4.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,374
1,159
1,024
+18.6%
Cost of revenue
530
454
303
+16.8%
Gross profit
844
705
720
+19.8%
Gross margin
61.4%
60.8%
70.4%
Research and development
74.7
52.3
54.8
+42.8%
Operating income
314
291
254
+8.2%
Operating margin
22.9%
25.1%
24.8%
Interest expense
0.0
0.0
1.7
Pre-tax income
322
307
262
+4.7%
Income tax
118
106
91.2
+10.6%
Effective tax rate
36.6%
34.6%
34.7%
Net income
204
201
171
+1.5%
Net margin
14.8%
17.3%
16.7%
Diluted EPS
$1.12
$1.07
$0.90
+4.7%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
530
446
402
+18.9%
Capital expenditure
167
133
159
+25.0%
Free cash flow
364
313
243
+16.2%
Free cash flow margin
26.5%
27.0%
23.8%
Cash from investing
-779
177
-335
Cash from financing
-108
-294
-17.7
Depreciation and amortisation
204
168
143
+21.6%
Share-based compensation
90.6
61.3
76.5
+47.8%
Buybacks
141
324
92.4
-56.3%
Diluted shares, weighted
182m
188m
191m
-3.1%
Shares outstanding at period end
178m
178m
187m
+0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,346
2,156
2,178
+8.8%
Debt
0.0
0.0
n/a
Other liabilities
255
189
175
+34.7%
Total liabilities and equity
2,601
2,346
2,353
+10.9%
Fixed assets
345
293
256
+17.8%
Goodwill
724
453
453
+59.8%
Intangible assets
84.6
45.4
62.5
+86.3%
Investments
893
671
1,012
+33.2%
Cash and equivalents
202
559
232
-63.9%
Receivables
219
211
175
+3.7%
Other assets
133
113
163
+17.7%
Total assets
2,601
2,346
2,353
+10.9%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.