Akamai Technologies (AKAM) FY2014 results: revenue $2.0 billion, up 24.5% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $2.0 billion for fiscal 2014, the year ended 31 December 2014, up 24.5% on the year before. Net income was $334 million, up 13.8%, and diluted earnings per share $1.84. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$2.0 billion
+24.5% on the year
FY2007FY2014
Operating margin
24.9%
26.2% a year earlier
FY2007FY2014
Net income
$334 million
+13.8% on the year
FY2007FY2014
Diluted EPS
$1.84
+14.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,964
1,578
1,374
+24.5%
Cost of revenue
611
511
530
+19.5%
Gross profit
1,353
1,067
844
+26.8%
Gross margin
68.9%
67.6%
61.4%
Research and development
125
93.9
74.7
+33.5%
Operating income
490
414
314
+18.3%
Operating margin
24.9%
26.2%
22.9%
Interest expense
15.5
0.0
0.0
Pre-tax income
480
420
322
+14.4%
Income tax
146
126
118
+15.7%
Effective tax rate
30.4%
30.0%
36.6%
Net income
334
293
204
+13.8%
Net margin
17.0%
18.6%
14.8%
Diluted EPS
$1.84
$1.61
$1.12
+14.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
658
564
530
+16.7%
Capital expenditure
207
188
167
+10.2%
Free cash flow
451
376
364
+19.9%
Free cash flow margin
23.0%
23.8%
26.5%
Cash from investing
-1,179
-313
-779
Cash from financing
436
-115
-108
Depreciation and amortisation
247
184
204
+34.1%
Share-based compensation
112
95.9
90.6
+16.8%
Buybacks
269
160
141
+67.5%
Diluted shares, weighted
181m
182m
182m
-0.3%
Shares outstanding at period end
178m
179m
178m
-0.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,945
2,629
2,346
+12.0%
Debt
605
0.0
0.0
Other liabilities
451
328
255
+37.5%
Total liabilities and equity
4,002
2,958
2,601
+35.3%
Fixed assets
602
450
345
+33.6%
Goodwill
1,051
757
724
+38.8%
Intangible assets
132
77.4
84.6
+71.0%
Investments
1,390
913
893
+52.2%
Cash and equivalents
239
334
202
-28.5%
Receivables
330
272
219
+21.2%
Other assets
258
154
133
+68.1%
Total assets
4,002
2,958
2,601
+35.3%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.