Akamai Technologies (AKAM) FY2017 results: revenue $2.5 billion, up 6.0% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $2.5 billion for fiscal 2017, the year ended 31 December 2017, up 6.0% on the year before. Net income was $223 million, down 30.5%, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$2.5 billion
+6.0% on the year
FY2010FY2017
Operating margin
12.6%
19.9% a year earlier
FY2010FY2017
Net income
$223 million
-30.5% on the year
FY2010FY2017
Diluted EPS
$1.29
-29.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,489
2,348
2,197
+6.0%
Cost of revenue
876
809
726
+8.3%
Gross profit
1,613
1,539
1,472
+4.8%
Gross margin
64.8%
65.5%
67.0%
Research and development
222
168
149
+32.7%
Operating income
314
467
466
-32.6%
Operating margin
12.6%
19.9%
21.2%
Interest expense
18.8
18.6
18.5
+1.1%
Pre-tax income
314
466
457
-32.6%
Income tax
91.4
146
135
-37.2%
Effective tax rate
29.1%
31.2%
29.6%
Net income
223
321
321
-30.5%
Net margin
8.9%
13.7%
14.6%
Diluted EPS
$1.29
$1.82
$1.78
-29.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
801
872
793
-8.1%
Capital expenditure
254
181
312
+40.5%
Free cash flow
547
691
482
-20.8%
Free cash flow margin
22.0%
29.4%
21.9%
Cash from investing
-460
-469
-436
Cash from financing
-365
-360
-297
Depreciation and amortisation
372
334
300
+11.4%
Share-based compensation
164
145
127
+13.7%
Buybacks
361
374
303
-3.4%
Diluted shares, weighted
173m
176m
180m
-2.0%
Shares outstanding at period end
170m
173m
177m
-1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,362
3,270
3,163
+2.8%
Debt
663
640
618
+3.6%
Other liabilities
624
463
407
+34.7%
Total liabilities and equity
4,649
4,373
4,188
+6.3%
Fixed assets
863
801
753
+7.7%
Goodwill
1,499
1,229
1,150
+22.0%
Intangible assets
201
149
156
+34.7%
Investments
966
1,292
1,235
-25.2%
Cash and equivalents
313
324
289
-3.3%
Receivables
461
369
380
+25.2%
Other assets
345
209
224
+65.1%
Total assets
4,649
4,373
4,188
+6.3%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.