Akamai Technologies (AKAM) FY2022 results: revenue $3.6 billion, up 4.5% on the year
Akamai Technologies Inc. (AKAM) reported revenue of $3.6 billion for fiscal 2022, the year ended 31 December 2022, up 4.5% on the year before. Net income was $524 million, down 19.6%, and diluted earnings per share $3.26. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$3.6 billion
+4.5% on the year
FY2015FY2022
Operating margin
18.7%
22.6% a year earlier
FY2015FY2022
Net income
$524 million
-19.6% on the year
FY2015FY2022
Diluted EPS
$3.26
-17.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,275
1,405
1,215
-9.2%
Capital expenditure
241
329
514
-26.7%
Free cash flow
1,033
1,076
701
-3.9%
Free cash flow margin
28.6%
31.1%
21.9%
Cash from investing
-622
-647
-1,043
Cash from financing
-634
-562
-224
Depreciation and amortisation
593
551
478
+7.6%
Share-based compensation
217
203
197
+7.1%
Buybacks
608
522
194
+16.4%
Diluted shares, weighted
160m
166m
165m
-3.2%
Shares outstanding at period end
156m
161m
163m
-2.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,360
4,530
4,251
-3.7%
Debt
2,285
1,976
1,907
+15.6%
Operating lease liabilities
693
707
715
-2.0%
Other liabilities
965
925
891
+4.2%
Total liabilities and equity
8,303
8,139
7,764
+2.0%
Fixed assets
1,540
1,534
1,478
+0.4%
Goodwill
2,764
2,156
1,674
+28.2%
Intangible assets
442
313
235
+41.0%
Investments
884
1,630
2,144
-45.8%
Cash and equivalents
542
537
353
+1.0%
Receivables
679
676
660
+0.5%
Other assets
1,453
1,293
1,220
+12.4%
Total assets
8,303
8,139
7,764
+2.0%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.