Akamai Technologies (AKAM) FY2013 results: revenue $1.6 billion, up 14.8% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $1.6 billion for fiscal 2013, the year ended 31 December 2013, up 14.8% on the year before. Net income was $293 million, up 43.9%, and diluted earnings per share $1.61. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$1.6 billion
+14.8% on the year
FY2007FY2013
Operating margin
26.2%
22.9% a year earlier
FY2007FY2013
Net income
$293 million
+43.9% on the year
FY2007FY2013
Diluted EPS
$1.61
+43.7% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,578
1,374
1,159
+14.8%
Cost of revenue
511
530
454
-3.6%
Gross profit
1,067
844
705
+26.4%
Gross margin
67.6%
61.4%
60.8%
Research and development
93.9
74.7
52.3
+25.6%
Operating income
414
314
291
+31.6%
Operating margin
26.2%
22.9%
25.1%
Interest expense
0.0
0.0
0.0
Pre-tax income
420
322
307
+30.5%
Income tax
126
118
106
+7.2%
Effective tax rate
30.0%
36.6%
34.6%
Net income
293
204
201
+43.9%
Net margin
18.6%
14.8%
17.3%
Diluted EPS
$1.61
$1.12
$1.07
+43.7%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
564
530
446
+6.3%
Capital expenditure
188
167
133
+12.7%
Free cash flow
376
364
313
+3.4%
Free cash flow margin
23.8%
26.5%
27.0%
Cash from investing
-313
-779
177
Cash from financing
-115
-108
-294
Depreciation and amortisation
184
204
168
-9.7%
Share-based compensation
95.9
90.6
61.3
+5.8%
Buybacks
160
141
324
+13.4%
Diluted shares, weighted
182m
182m
188m
+0.0%
Shares outstanding at period end
179m
178m
178m
+0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,629
2,346
2,156
+12.1%
Debt
0.0
0.0
0.0
Other liabilities
328
255
189
+28.8%
Total liabilities and equity
2,958
2,601
2,346
+13.7%
Fixed assets
450
345
293
+30.5%
Goodwill
757
724
453
+4.7%
Intangible assets
77.4
84.6
45.4
-8.4%
Investments
913
893
671
+2.2%
Cash and equivalents
334
202
559
+65.3%
Receivables
272
219
211
+24.3%
Other assets
154
133
113
+15.3%
Total assets
2,958
2,601
2,346
+13.7%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.