Akamai Technologies, Inc AKAM Cash Flow

Akamai technologies, inc (AKAM)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
494,051	478,035	452,950	422,643	351,789	298,373	231,878	188,206	201,897	222,766	291,480	303,569	320,452	320,727	312,913	324,953	318,518	321,406	330,093	333,208	338,894	333,948	317,190	305,791	294,800	293,487	281,430	249,905	232,249	203,989	195,778	189,832	193,514	200,904	193,333	190,757	180,959	171,220	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
448,677	440,674	441,168	438,397	438,630	434,520	417,622	406,967	389,875	372,313	356,925	344,258	340,166	334,302	330,623	320,897	309,772	299,563	286,997	279,627	264,350	247,406	229,619	210,158	195,572	184,431	189,415	194,918	200,904	204,163	192,853	181,157	172,378	167,878	163,357	158,075	151,416	143,242	0	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	507	0	0	0
Stock-based compensation
189,328	187,140	185,260	185,077	184,432	183,813	181,020	176,236	170,008	164,308	161,305	158,109	151,751	144,506	139,015	131,409	128,749	126,677	120,162	117,124	116,551	111,996	108,473	104,944	98,067	95,884	93,616	91,772	92,592	90,585	88,020	80,526	66,517	61,305	60,960	64,408	73,072	76,468	0	0	0
Provision (benefit) for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	634	599	-366	-316	769	1,896	2,114	2,066	675	555	715	1,546	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,131	35,314	30,188	32,238	28,607	32,840	33,860	22,801	23,578	17,588	13,720	23,015	19,252	17,322	17,525	13,123	18,054	26,900	34,812	28,973	0	0	0
(Benefit) provision for deferred income taxes
-10,937	933	14,014	39,063	19,135	2,339	-17,472	-54,583	-43,483	-7,244	46,624	42,067	36,982	9,629	8,178	23,158	-3,135	4,098	-54,443	-63,995	-19,235	-25,880	37,965	49,183	29,003	27,343	0	0	0	-	-	-	-	-	-	-	-	62,462	0	0	0
Amortization of debt discount and issuance costs
49,872	45,857	44,875	47,827	48,726	41,958	32,694	23,355	19,092	18,839	18,669	18,589	18,582	18,638	18,599	18,564	18,602	18,525	18,408	18,259	18,098	15,463	10,939	6,457	1,941	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring-related software charges
-	-	-	-	-	4,940	34,783	34,783	34,783	31,965	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash reconciling items, net
-16,917	-4,744	-17,660	-18,913	-16,336	-12,078	-4,363	-3,662	-5,560	-10,068	1,275	4,095	3,106	5,987	10,900	8,159	8,113	5,804	3,301	2,516	2,706	2,565	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50	-516	165	-3	-363	-397	-811	-597	-377	-179	-330	-428	0	0	0
Gain from divestiture of a business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,188	2,281	1,188	0	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable
94,618	64,471	54,978	51,683	55,792	30,445	54,242	62,678	48,597	50,054	34,870	25,021	38,752	2,970	-6,937	24,169	7,789	56,247	48,891	31,435	72,812	58,397	66,076	73,235	56,966	67,184	31,842	43,698	29,047	2,108	51,603	31,906	46,810	37,837	25,042	6,701	18,588	23,563	0	0	0
Prepaid expenses and other current assets
-14,284	-11,689	13,711	35,997	12,234	4,132	-5,528	-30,834	-13,277	28,968	-1,551	-1,912	1,546	-42,145	4,968	15,876	-5,473	-7,137	22,323	35,768	41,644	60,788	16,922	632	13,356	3,842	12,919	18,823	9,399	-6,357	-5,260	-3,303	-5,557	4,828	-29,226	-29,036	6,787	12,089	0	0	0
Accounts payable and accrued expenses
66,677	8,769	4,876	16,540	-11,816	42,238	19,003	23,682	25,860	33,232	-14,251	-11,332	26,928	18,491	80,418	32,233	71,950	51,624	83,920	104,912	64,506	94,698	33,679	38,297	22,550	40,533	53,253	72,226	59,942	58,672	61,631	23,068	9,807	7,214	-5,312	2,938	25,458	20,529	0	0	0
Deferred revenue
-15,844	-13,547	-8,132	-2,498	3,124	-919	25,337	22,679	18,138	2,938	-8,869	-5,827	-4,122	-3,512	3,201	8,327	6,930	3,224	6,945	9,998	9,513	7,725	8,192	9,633	8,429	11,495	10,001	7,023	11,303	4,552	3,207	2,602	1,206	-3,721	-3,714	-10,317	-10,498	-9,454	0	0	0
Other current liabilities
-6,829	-17,230	-14,458	-14,972	-13,752	9,422	14,757	16,132	26,563	16,378	4,465	4,414	2,124	5,484	4,179	6,427	6,489	-345	147	-1,922	-1,947	-702	-683	1,694	1,450	52	-349	-632	-1,245	-3,278	855	735	1,428	3,572	-630	-556	-572	-617	0	0	0
Other non-current assets and liabilities
34,665	28,073	-1,837	-23,653	-15,225	-14,142	-12,932	-23,336	-28,386	-14,442	41,127	36,099	37,201	26,202	164	-8,623	-8,296	-11,986	-50,716	-35,365	-19,984	-22,274	3,533	3,727	-9,660	-3,334	6,989	5,865	5,494	3,765	5,248	346	-7,661	-8,211	-16,060	-9,596	-4,760	-1,306	0	0	0
Net cash provided by operating activities
1,120,697	1,058,304	1,062,319	1,075,415	977,167	1,008,327	919,613	845,423	850,375	800,983	787,764	803,321	823,057	871,812	934,682	865,442	885,096	793,452	741,901	732,575	668,776	658,070	634,261	618,867	559,707	563,908	544,889	522,253	530,741	530,020	506,937	487,974	450,270	446,278	427,007	428,681	403,213	402,455	0	0	0
Cash flows from investing activities:
Cash received (paid) for business acquisitions, net of cash acquired
43,759	165,329	121,409	121,409	121,464	79	171,951	171,951	369,142	369,073	289,704	292,640	95,449	95,439	21,638	18,202	125,085	141,147	122,445	122,945	15,947	386,532	389,769	417,269	417,304	30,657	58,070	44,962	45,042	336,680	306,030	291,638	292,013	550	0	0	0	-	-	-	-
Cash paid for asset acquisition
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for equity method investment
-4,205	36,008	36,008	36,008	40,213	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
431,010	359,667	343,090	277,467	235,777	217,609	211,965	247,565	260,506	254,146	231,541	199,010	184,367	180,949	184,146	239,001	261,558	311,676	327,097	268,662	247,072	207,159	187,863	183,734	196,144	187,964	190,224	196,375	180,171	166,773	146,792	137,540	128,278	133,445	145,454	141,355	166,673	159,276	0	0	0
Capitalization of internal-use software development costs
204,067	202,410	202,655	202,343	199,318	188,132	183,294	180,736	176,166	160,632	152,323	144,984	140,763	135,340	135,042	133,381	128,696	133,307	131,369	128,522	124,618	111,468	100,779	93,515	87,106	72,109	69,454	63,068	58,291	54,204	52,042	48,457	44,920	42,644	39,538	38,378	36,417	32,769	0	0	0
Purchases of short- and long-term marketable securities
2,369,302	1,990,148	1,465,174	797,569	810,970	873,697	859,485	613,164	307,543	326,497	415,351	577,695	777,524	781,061	723,498	671,475	691,418	692,879	741,400	767,807	663,770	1,225,409	1,159,527	1,048,601	1,008,478	494,885	601,595	645,723	617,043	752,342	706,960	718,469	885,144	880,110	973,859	1,109,949	1,190,043	1,146,493	0	0	0
Proceeds from sales of short- and long-term marketable securities
1,791	856	808	641	617	16,569	55,819	55,897	55,855	219,916	180,245	187,414	237,997	57,740	57,900	50,541	0	2,008	21,425	21,425	78,679	373,730	435,316	436,803	401,760	160,210	157,491	181,836	241,786	214,277	291,738	538,765	619,279	701,313	698,150	689,316	727,699	691,227	0	0	0
Proceeds from maturities of short- and long-term marketable securities
1,066,217	1,084,373	1,258,552	1,283,373	1,246,734	758,481	493,587	324,322	348,512	432,853	484,178	595,936	683,609	664,837	617,447	618,056	663,393	843,931	820,295	716,155	575,023	372,287	326,539	289,261	351,665	314,925	367,124	383,837	292,545	315,788	392,517	435,906	485,091	532,910	428,621	332,932	347,844	324,606	0	0	0
Increase in other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	761	426	262	12	27	74	135	150	259	226	178	176	0	0	0
Other non-current assets and liabilities
2,612	-399	-2,507	-650	-1,584	2,066	3,098	922	1,966	1,586	-2,765	-1,155	-2,805	-786	2,602	2,097	4,766	2,494	4,514	-1,808	-6,495	-5,745	-7,914	238	3,460	2,628	0	0	0	-	-	-	-	274	551	551	551	338	0	0	0
Net cash (used in) provided by investing activities
-2,014,913	-1,667,934	-906,469	-150,132	-158,807	-506,533	-880,387	-834,119	-710,956	-459,165	-421,731	-429,824	-273,692	-469,426	-391,579	-395,559	-548,130	-435,564	-485,105	-548,548	-391,210	-1,178,806	-1,068,930	-1,017,719	-959,327	-313,108	-397,454	-383,579	-365,142	-779,110	-527,058	-221,854	-246,345	177,350	-32,278	-267,865	-329,704	-335,359	0	0	0
Cash flows from financing activities:
Proceeds from the issuance of convertible senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	678,735	678,735	678,735	679,603	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77,970	77,970	77,970	77,970	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Hedge, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,292	101,292	101,292	101,292	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of convertible senior notes
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of acquired debt and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,862	17,862	17,862	17,862	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds related to the issuance of common stock under stock plans
56,884	57,112	53,315	57,277	59,644	62,608	66,437	64,103	60,888	55,680	58,961	58,145	58,740	59,560	49,842	52,374	55,701	61,791	66,036	65,622	67,220	87,109	84,650	93,445	97,672	63,707	65,772	50,806	48,400	45,114	45,757	35,749	28,421	25,302	27,135	36,905	45,689	45,776	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,131	35,314	30,188	32,238	28,607	32,840	33,860	22,801	23,578	17,588	13,720	23,015	19,252	17,322	17,525	13,123	18,054	26,900	34,812	28,973	0	0	0
Employee taxes paid related to net share settlement of stock-based awards
87,462	75,266	73,276	72,953	73,230	64,305	62,418	58,365	54,188	58,395	55,107	54,473	52,970	45,545	45,553	47,220	49,559	54,164	54,615	55,755	55,479	50,649	55,978	54,455	50,288	41,332	36,683	31,619	30,350	34,690	29,279	29,082	30,048	8,393	0	0	0	-	-	-	-
Repurchases of common stock
380,247	334,519	415,875	680,688	765,087	750,000	680,490	369,091	308,512	361,194	385,556	351,699	337,536	373,794	395,047	376,248	348,651	302,606	244,560	207,224	215,180	268,647	274,524	265,128	236,288	160,419	142,227	149,124	173,833	141,468	187,981	306,583	288,305	324,070	275,037	142,417	113,858	92,425	0	0	0
Other non-current assets and liabilities
0	-1,558	-1,558	-1,799	-2,743	-5,085	-5,085	-4,844	-4,996	-1,096	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
597,779	-35,677	-118,828	-1,388,647	-481,026	233,608	308,834	622,630	-306,808	-365,005	-382,798	-349,123	-331,766	-359,779	-415,609	-394,631	-357,687	-297,029	-202,058	-164,868	-175,694	436,027	418,731	444,253	483,375	-115,243	-89,560	-112,349	-142,063	-108,029	-152,251	-282,594	-272,407	-294,038	-235,528	-82,119	-33,357	-17,676	0	0	0
Effects of exchange rate changes on cash, cash equivalents and restricted cash
-8,118	2,466	-3,966	1,294	-12,408	-12,844	-10,897	-8,722	9,136	12,990	3,933	1,672	-7,237	-7,891	-2,162	-6,056	1,076	-10,036	-12,606	-15,876	-18,041	-10,532	-4,738	3,899	-304	-3,655	-5,510	-4,456	-2,985	-89	-577	-6,159	-3,968	-2,259	-1,169	6,426	3,798	1,141	0	0	0
Net decrease in cash, cash equivalents and restricted cash
-304,555	-642,841	33,056	-462,070	324,926	722,558	337,163	625,212	-158,253	-10,197	-12,832	26,046	210,362	34,716	125,332	69,196	-19,645	50,823	42,132	3,283	83,831	-95,241	-20,676	49,300	83,451	131,902	52,365	21,869	20,551	-357,208	-172,949	-22,633	-72,450	327,331	158,032	85,123	43,950	50,561	0	0	0
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds received of $1,204 and $1,176 for the three months ended March 31, 2020 and 2019, respectively
51,173	73,898	78,540	71,312	70,981	45,129	44,646	65,582	68,820	91,640	134,996	136,151	133,356	120,233	92,704	101,206	78,912	75,033	95,533	117,906	135,863	166,211	137,040	88,072	101,890	63,508	87,202	95,066	99,444	94,833	70,870	63,243	47,582	45,578	28,901	21,968	29,125	26,200	0	0	0
Cash paid for interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for operating lease liabilities
170,380	153,818	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash activities:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities
531,169	529,376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses
61,485	88,238	65,435	91,917	85,939	54,867	52,077	47,199	39,353	27,209	49,202	39,344	23,635	36,742	9,387	-11,123	7,280	19,327	32,763	51,596	57,340	45,868	47,428	41,729	21,884	19,927	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capitalization of stock-based compensation
35,796	35,905	36,461	36,654	35,805	34,785	32,925	-1,246	-2,538	28,851	9,519	41,968	57,090	23,093	39,910	37,365	18,926	17,867	16,782	16,114	15,586	15,226	14,650	13,869	13,171	12,325	11,834	11,326	9,916	9,276	8,761	8,141	7,947	7,473	7,627	7,604	8,165	7,818	0	0	0
Convertible note receivable received for divestiture of a business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,882	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued upon conversion of 1% convertible senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199,755	0	0	0
Common stock returned upon settlement of escrow claims related to prior business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	430	0	0	0