Akamai Technologies (AKAM) FY2021 results: revenue $3.5 billion, up 8.2% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $3.5 billion for fiscal 2021, the year ended 31 December 2021, up 8.2% on the year before. Net income was $652 million, up 17.0%, and diluted earnings per share $3.93. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$3.5 billion
+8.2% on the year
FY2014FY2021
Operating margin
22.6%
20.6% a year earlier
FY2014FY2021
Net income
$652 million
+17.0% on the year
FY2014FY2021
Diluted EPS
$3.93
+16.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,405
1,215
1,058
+15.6%
Capital expenditure
329
514
360
-36.0%
Free cash flow
1,076
701
699
+53.5%
Free cash flow margin
31.1%
21.9%
24.1%
Cash from investing
-647
-1,043
-1,668
Cash from financing
-562
-224
-35.7
Depreciation and amortisation
551
478
441
+15.1%
Share-based compensation
203
197
187
+2.7%
Buybacks
522
194
335
+169.8%
Diluted shares, weighted
166m
165m
165m
+0.4%
Shares outstanding at period end
161m
163m
162m
-1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,530
4,251
3,658
+6.6%
Debt
1,976
1,907
1,840
+3.6%
Operating lease liabilities
707
715
692
-1.2%
Other liabilities
925
891
817
+3.9%
Total liabilities and equity
8,139
7,764
7,007
+4.8%
Fixed assets
1,534
1,478
1,152
+3.8%
Goodwill
2,156
1,674
1,600
+28.8%
Intangible assets
313
235
179
+33.4%
Investments
1,630
2,144
1,979
-24.0%
Cash and equivalents
537
353
394
+52.1%
Receivables
676
660
552
+2.4%
Other assets
1,293
1,220
1,151
+6.0%
Total assets
8,139
7,764
7,007
+4.8%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.