Akamai Ascends in 2005: Fool by Numbers

On Feb. 8, Akamai Technologies (Nasdaq: AKAM  ) released fiscal 2005 earnings for the period ended Dec. 31, 2005.

  • Sales of $283.1 million blew away analyst estimates. Profit appeared to be astounding, yet results included a $255.3 million tax benefit from Q3. Without that, EPS came in at $0.52, still ahead of Street expectations.
  • Owner earnings were $58.8 million, which I like.
  • Both gross and operating margins continued a healthy advance. (Find out why this is important to Rule Breakers like Akamai.)

(Figures in thousands, except per-share data)
Income Statement Highlights

Avg. Est.

FY 2005

FY 2004

% Change

Sales

$279,500

$283,115

$210,015

+34.8%

Net Profit

--

$327,998

$34,364

+854.5%

EPS

$0.50

$2.11

$0.25

+744.0%



Get back to basics with a look at the income statement.

Margin Checkup

FY 2005

FY 2004

Change

Gross Margin

80.34%

78.03%

+2.32%

Op. Margin

25.92%

23.32%

+2.60%

Net Margin

115.85%

16.36%

+99.49%



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

FY 2005

FY 2004

% Change

Cash + ST Invest.

$292,408

$70,630

+314.0%

Inventory

--

--

N/A

Accounts Rec.

$52,162

$30,333

+72.0%



Liabilities

FY 2005

FY 2004

% Change

Long-Term Debt

$200,000

$256,614

-22.1%

Accounts Pay.

$54,471

$42,446

+28.3%



Cash Flow Highlights

FY 2005

FY 2004

% Change

Cash From Ops.

$82,798

$51,237

+61.6%

Capital Expend.

$36,160

$20,101

+79.9%

Free Cash Flow

$46,638

$31,136

+49.8%



Find out why Fools always follow the money.

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.comfor more of our in-depth discussion of what the numbers mean.

Fool contributorTim Beyersowns shares of Akamai, which is aMotley Fool Rule Breakerspick. You can find out what else is in his portfolio by checking Tim's Foolprofile. The Motley Fool has an ironcladdisclosure policy.


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