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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Related Foolishness:
- Akamai also reported its Q4 numbers.
- I originally forecast agony for Akamai. Whoops.
- Hey, Akamai, what's the money for, anyway?
- You know what's really nice about Akamai? It makes wishes come true.
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 contributor Tim Beyers owns shares of Akamai, which is a Motley Fool Rule Breakers pick. You can find out what else is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .
