By
Tim Beyers
|
More Articles
April 27, 2006
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On April 26, Motley Fool Rule BreakerAkamai Technologies (Nasdaq: AKAM ) released Q1 2006 earnings for the period ended March 31, 2006.
- Akamai's $90.8 million in Q1 sales set a new quarterly record and blew away estimates.
- GAAP per-share earnings included $0.10 worth of charges for stock-based compensation, amortization of intangibles, and taxes. Excluding these non-cash items, net income equaled $29.4 million, or $0.17 per stub -- good enough to beat Street estimates by a penny.
- Owner earnings came in at $12.9 million, for a 14.3% OE margin. That's lower than the 20% Akamai has been able to deliver historically.
- The company raised its full-year guidance to at least $380 million in sales, which would equal a 34% year-over-year gain, and $0.73 in normalized per-share earnings, which would equal a 40% year-over-year gain.
(Figures in thousands, except per-share data)
Income Statement Highlights
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Avg. Est.
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Q1 2006
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Q1 2005
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% Change
|
|
Sales
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$85,390
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$90,825
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$60,096
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51.1
|
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Net Profit
|
--
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$11,495
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$14,079
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(18.4)
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|
EPS
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$0.16
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$0.07
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$0.10
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(30)
|
Get back to basics with a look at the income statement.
Margin Checkup
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Q1 2006
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Q1 2005
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% Change
|
|
Gross Margin
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78.73%
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80.82%
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(2.09)
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Op. Margin
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19.43%
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27.20%
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(7.77)
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|
Net Margin
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12.66%
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23.43%
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(10.77)
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Margins are the earnings engine. See how they work.
Balance Sheet Highlights
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Assets
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Q1 2006
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Q1 2005
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% Change
|
|
Cash+ ST Invest.
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$284,615
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$83,483
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240.9
|
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Inventory
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$-
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$-
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N/A
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|
Accounts Rec.
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$55,798
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$34,285
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62.7
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|
Liabilities
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Q1 2006
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Q1 2005
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% Change
|
|
Long-Term Debt
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$200,000
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$256,614
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(22.1)
|
|
Accounts Pay.
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$61,302
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$46,105
|
33
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Learn the ways of the balance sheet.
Cash Flow Checkup
|
Q1 2006
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Q1 2005
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% Change
|
|
Cash From Ops
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$33,161
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$18,702
|
77.3
|
|
Capital Expend.
|
$16,174
|
$9,719
|
66.4
|
|
Free Cash Flow
|
$16,987
|
$8,983
|
89.1
|
Find out why Fools always follow the money.
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Related Foolishness:
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 check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributorTim Beyersowns shares of Akamai. You can find out what is in his portfolio by checking Tim's Foolprofile. Microsoft is an Inside Value recommendation. The Motley Fool has an ironcladdisclosure policy.
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