Akamai Technologies (AKAM) FY2018 results: revenue $2.7 billion, up 9.1% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $2.7 billion for fiscal 2018, the year ended 31 December 2018, up 9.1% on the year before. Net income was $298 million, up 33.9%, and diluted earnings per share $1.76. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$2.7 billion
+9.1% on the year
FY2011FY2018
Operating margin
13.4%
12.6% a year earlier
FY2011FY2018
Net income
$298 million
+33.9% on the year
FY2011FY2018
Diluted EPS
$1.76
+36.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,714
2,489
2,348
+9.1%
Cost of revenue
953
876
809
+8.9%
Gross profit
1,761
1,613
1,539
+9.2%
Gross margin
64.9%
64.8%
65.5%
Research and development
246
222
168
+10.7%
Operating income
362
314
467
+15.3%
Operating margin
13.4%
12.6%
19.9%
Interest expense
43.2
18.8
18.6
+129.3%
Pre-tax income
343
314
466
+9.2%
Income tax
44.7
91.4
146
-51.1%
Effective tax rate
13.0%
29.1%
31.2%
Net income
298
223
321
+33.9%
Net margin
11.0%
8.9%
13.7%
Diluted EPS
$1.76
$1.29
$1.82
+36.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,008
801
872
+25.9%
Capital expenditure
218
254
181
-14.4%
Free cash flow
791
547
691
+44.6%
Free cash flow margin
29.1%
22.0%
29.4%
Cash from investing
-507
-460
-469
Cash from financing
234
-365
-360
Depreciation and amortisation
435
372
334
+16.7%
Share-based compensation
184
164
145
+11.9%
Buybacks
750
361
374
+107.6%
Diluted shares, weighted
169m
173m
176m
-2.0%
Shares outstanding at period end
163m
170m
173m
-4.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,192
3,362
3,270
-5.1%
Debt
1,561
663
640
+135.4%
Other liabilities
709
624
463
+13.8%
Total liabilities and equity
5,462
4,649
4,373
+17.5%
Fixed assets
911
863
801
+5.6%
Goodwill
1,487
1,499
1,229
-0.8%
Intangible assets
168
201
149
-16.4%
Investments
1,065
966
1,292
+10.2%
Cash and equivalents
1,036
313
324
+230.7%
Receivables
480
461
369
+4.0%
Other assets
314
345
209
-9.0%
Total assets
5,462
4,649
4,373
+17.5%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.