Akamai Technologies (AKAM) FY2015 results: revenue $2.2 billion, up 11.9% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $2.2 billion for fiscal 2015, the year ended 31 December 2015, up 11.9% on the year before. Net income was $321 million, down 3.8%, and diluted earnings per share $1.78. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$2.2 billion
+11.9% on the year
FY2008FY2015
Operating margin
21.2%
24.9% a year earlier
FY2008FY2015
Net income
$321 million
-3.8% on the year
FY2008FY2015
Diluted EPS
$1.78
-3.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,197
1,964
1,578
+11.9%
Cost of revenue
726
611
511
+18.8%
Gross profit
1,472
1,353
1,067
+8.8%
Gross margin
67.0%
68.9%
67.6%
Research and development
149
125
93.9
+18.6%
Operating income
466
490
414
-4.8%
Operating margin
21.2%
24.9%
26.2%
Interest expense
18.5
15.5
0.0
+19.8%
Pre-tax income
457
480
420
-4.8%
Income tax
135
146
126
-7.3%
Effective tax rate
29.6%
30.4%
30.0%
Net income
321
334
293
-3.8%
Net margin
14.6%
17.0%
18.6%
Diluted EPS
$1.78
$1.84
$1.61
-3.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
793
658
564
+20.6%
Capital expenditure
312
207
188
+50.5%
Free cash flow
482
451
376
+6.8%
Free cash flow margin
21.9%
23.0%
23.8%
Cash from investing
-436
-1,179
-313
Cash from financing
-297
436
-115
Depreciation and amortisation
300
247
184
+21.1%
Share-based compensation
127
112
95.9
+13.1%
Buybacks
303
269
160
+12.6%
Diluted shares, weighted
180m
181m
182m
-0.4%
Shares outstanding at period end
177m
178m
179m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,163
2,945
2,629
+7.4%
Debt
618
605
0.0
+2.2%
Other liabilities
407
451
328
-9.8%
Total liabilities and equity
4,188
4,002
2,958
+4.7%
Fixed assets
753
602
450
+25.2%
Goodwill
1,150
1,051
757
+9.4%
Intangible assets
156
132
77.4
+17.9%
Investments
1,235
1,390
913
-11.1%
Cash and equivalents
289
239
334
+21.3%
Receivables
380
330
272
+15.4%
Other assets
224
258
154
-13.4%
Total assets
4,188
4,002
2,958
+4.7%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.