Akamai Technologies (AKAM) FY2016 results: revenue $2.3 billion, up 6.9% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $2.3 billion for fiscal 2016, the year ended 31 December 2016, up 6.9% on the year before. Net income was $321 million, down 0.2%, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$2.3 billion
+6.9% on the year
FY2009FY2016
Operating margin
19.9%
21.2% a year earlier
FY2009FY2016
Net income
$321 million
-0.2% on the year
FY2009FY2016
Diluted EPS
$1.82
+2.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,348
2,197
1,964
+6.9%
Cost of revenue
809
726
611
+11.5%
Gross profit
1,539
1,472
1,353
+4.6%
Gross margin
65.5%
67.0%
68.9%
Research and development
168
149
125
+12.8%
Operating income
467
466
490
+0.1%
Operating margin
19.9%
21.2%
24.9%
Interest expense
18.6
18.5
15.5
+0.6%
Pre-tax income
466
457
480
+2.1%
Income tax
146
135
146
+7.7%
Effective tax rate
31.2%
29.6%
30.4%
Net income
321
321
334
-0.2%
Net margin
13.7%
14.6%
17.0%
Diluted EPS
$1.82
$1.78
$1.84
+2.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
872
793
658
+9.9%
Capital expenditure
181
312
207
-41.9%
Free cash flow
691
482
451
+43.4%
Free cash flow margin
29.4%
21.9%
23.0%
Cash from investing
-469
-436
-1,179
Cash from financing
-360
-297
436
Depreciation and amortisation
334
300
247
+11.6%
Share-based compensation
145
127
112
+14.1%
Buybacks
374
303
269
+23.5%
Diluted shares, weighted
176m
180m
181m
-2.3%
Shares outstanding at period end
173m
177m
178m
-2.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,270
3,163
2,945
+3.4%
Debt
640
618
605
+3.6%
Other liabilities
463
407
451
+13.7%
Total liabilities and equity
4,373
4,188
4,002
+4.4%
Fixed assets
801
753
602
+6.4%
Goodwill
1,229
1,150
1,051
+6.8%
Intangible assets
149
156
132
-4.2%
Investments
1,292
1,235
1,390
+4.6%
Cash and equivalents
324
289
239
+12.0%
Receivables
369
380
330
-3.1%
Other assets
209
224
258
-6.5%
Total assets
4,373
4,188
4,002
+4.4%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.