AKAMAI TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
AKAM$83.71+4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets at March and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in thousands, except share data) (unaudited) | March 31,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $467,717 | $489,468 |
| Marketable securities | 1,206,971 | 374,971 |
| Accounts receivable, net of reserves of $2,775 and $3,469 at March 31, 2024, and December 31, 2023, respectively | 716,638 | 724,302 |
| Prepaid expenses and other current assets | 233,853 | 216,114 |
| Total current assets | 2,625,179 | 1,804,855 |
| Marketable securities | 582,023 | 1,431,354 |
| Property and equipment, net | 1,864,307 | 1,825,944 |
| Operating lease right-of-use assets | 947,049 | 908,634 |
| Acquired intangible assets, net | 512,554 | 536,143 |
| Goodwill | 2,846,535 | 2,850,470 |
| Deferred income tax assets | 430,428 | 418,297 |
| Other assets | 127,531 | 124,340 |
| Total assets | $9,935,606 | $9,900,037 |
CONDENSED CONSOLIDATED BALANCE SHEETS, continued
| (in thousands, except share data) (unaudited) | March 31,2024 | December 31,2023 |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $134,677 | $146,927 |
| Accrued expenses | 291,986 | 352,181 |
| Deferred revenue | 142,527 | 107,544 |
| Operating lease liabilities | 232,731 | 222,944 |
| Other current liabilities | 7,017 | 6,442 |
| Total current liabilities | 808,938 | 836,038 |
| Deferred revenue | 20,929 | 23,006 |
| Deferred income tax liabilities | 24,977 | 24,622 |
| Convertible senior notes | 3,540,120 | 3,538,229 |
| Operating lease liabilities | 800,107 | 774,806 |
| Other liabilities | 106,768 | 106,181 |
| Total liabilities | 5,301,839 | 5,302,882 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding | — | — |
| Common stock, $0.01 par value; 700,000,000 shares authorized; 153,553,975 shares issued and 152,411,363 shares outstanding at March 31, 2024, and 151,232,908 shares issued and outstanding at December 31, 2023 | 1,536 | 1,512 |
| Additional paid-in capital | 2,230,875 | 2,222,993 |
| Accumulated other comprehensive loss | (116,593) | (95,330) |
| Treasury stock, at cost, 1,142,612 shares at March 31, 2024, and no shares at December 31, 2023 | (125,449) | — |
| Retained earnings | 2,643,398 | 2,467,980 |
| Total stockholders’ equity | 4,633,767 | 4,597,155 |
| Total liabilities and stockholders’ equity | $9,935,606 | $9,900,037 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.