AKAM Stock Cash Flow Statements

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Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Net Income

Quarterly

Annual

Quarterly Cash Flow Statements

Quarterly

Annual

Unit: USD	2023-12-31	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

cash flows from operating activities:
net income	161,165,000	53,714,000	19,107,000	60,512,000	57,772,000	80,930,000	35,878,000	24,264,000	21,646,000	19,179,000	20,623,000	14,019,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	147,634,000	104,095,000	99,396,000	97,178,000	89,206,000	86,533,000	20,226,000	19,242,000	17,578,000	14,849,000	11,803,000
stock-based compensation	92,123,000	44,686,000	42,205,000	41,848,000	41,269,000	38,986,000
benefit for deferred income taxes	-13,224,000	-7,814,000	-26,171,000
amortization of debt discount and issuance costs		4,850,000	4,850,000	4,746,000	4,646,000	4,597,000
(gain) loss on investments	0
other non-cash reconciling items	5,019,000	4,379,000	6,413,000	2,046,000	1,738,000	-129,000
changes in operating assets and liabilities, net of effects of acquisitions:
accounts receivable	-2,941,000	-18,419,000	-44,626,000	-1,326,000	12,273,000	-30,146,000	-11,386,000	-9,054,000	-12,156,000	659,000	-14,022,000
prepaid expenses and other current assets	-2,623,000	-4,927,000	11,884,000	15,913,000	-3,043,000	-47,065,000	-4,384,000	-2,192,000	-307,000	-5,126,000	-3,248,000
accounts payable and accrued expenses	20,345,000	-31,312,000	11,082,000	39,691,000	6,399,000	-23,940,000
deferred revenue	-24,098,000	25,243,000	151,000	-9,415,000	-470,000	10,876,000	1,324,000	859,000	-1,003,000	4,117,000	-759,000
other current liabilities	-774,000	13,701,000	12,727,000	-2,250,000	2,385,000	3,516,000
other non-current assets and liabilities	4,826,000	996,000	28,458,000	1,414,000	5,062,000	-13,512,000	1,179,000	1,479,000	-35,000	1,251,000	309,000
net cash from operating activities	389,193,000	192,010,000	197,441,000	236,291,000	224,633,000	142,618,000	64,431,000	77,351,000	37,329,000	56,278,000	22,570,000	48,490,000
cash flows from investing activities:
cash paid for business acquisitions, net of cash acquired	0
cash paid for asset acquisitions
purchases of property and equipment	-70,404,000	-51,584,000	-68,680,000	-80,585,000	-59,657,000	-45,224,000	-9,939,000	-18,345,000	-25,579,000	-27,542,000	-18,944,000
capitalization of internal-use software development costs	-63,483,000	-61,491,000	-38,172,000	-39,155,000	-37,348,000	-45,957,000
purchases of short-and long-term marketable securities
proceeds from sales of short-and long-term marketable securities
proceeds from maturities and redemptions of short-and long-term marketable securities
other	2,837,000
net cash from investing activities	-315,833,000	-111,485,000		-103,002,000	-294,150,000	139,411,000	-91,345,000	-31,975,000	-75,669,000	-27,718,000	-64,692,000	-38,728,000
cash flows from financing activities:
proceeds from borrowings under revolving credit facility	0
repayment of borrowings under revolving credit facility	0
proceeds from the issuance of convertible senior notes, net of issuance costs	0
proceeds from the issuance of warrants related to convertible senior notes	0
purchases of note hedges related to convertible senior notes
proceeds related to the issuance of common stock under stock plans	13,426,000	22,738,000	13,940,000	16,060,000	8,150,000	17,530,000
employee taxes paid related to net share settlement of stock awards
repurchases of common stock	-54,891,000	-19,785,000	-54,565,000	-129,014,000	-105,148,000	-72,467,000
net cash from financing activities	-56,777,000	-30,661,000	-50,898,000	-119,738,000	-105,511,000	-88,858,000					22,177,000	15,921,000
effects of exchange rate changes on cash, cash equivalents and restricted cash	11,597,000	1,165,000
net increase in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
supplemental disclosure of cash flow information:
cash paid for income taxes, net of refunds received of 11,006, 15,458 and 14,808 for the years ended december 31, 2023, 2022 and 2021, respectively
cash paid for interest expense	718,000
cash paid for operating lease liabilities	70,073,000
non-cash activities:
operating lease right-of-use assets obtained in exchange for operating lease liabilities	80,629,000
purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	8,703,000	18,555,000	-2,337,000	-17,442,000	7,788,000	39,200,000
capitalization of stock-based compensation	23,351,000	7,811,000	7,249,000	7,576,000	7,615,000	6,411,000		1,551,000	1,427,000	1,384,000
reconciliation of cash, cash equivalents and restricted cash:
cash and cash equivalents	29,561,000
restricted cash	-1,381,000
cash, cash equivalents and restricted cash	28,180,000
amortization of debt issuance costs
cash paid for asset acquisition
cash received from equity method investment
purchases of short- and long-term marketable securities		-73,352,000	-77,399,000	-67,879,000	-88,913,000	-92,306,000
proceeds from sales of short- and long-term marketable securities		16,196,000		190,000	-42,000	180,257,000
proceeds from maturities and redemptions of short- and long-term marketable securities
purchase of note hedge related to convertible senior notes
employee taxes paid related to net share settlement of stock-based awards		-29,714,000	-10,273,000	-6,784,000	-7,417,000	-33,921,000
net decrease in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash at beginning of period		314,429,000
cash, cash equivalents and restricted cash at end of period		365,458,000
supplemental disclosures of cash flow information:
cash paid for income taxes, net of refunds received of 7,462 and 8,499 for the nine months ended september 30, 2023 and 2022, respectively
reconciliation of cash and cash equivalents, and restricted cash:
cash paid for acquisitions, net of cash acquired
loss on investments
proceeds from the issuance of common stock under stock plans
net proceeds from borrowings and repayments under revolving credit facility
cash paid for equity method investment
proceeds from the issuance of convertible senior notes
proceeds from the issuance of warrants
repayment of convertible senior notes
cash (paid) received for business acquisitions, net of cash acquired
proceeds from maturities of short- and long-term marketable securities		59,540,000		85,073,000	89,020,000	143,881,000
benefit from deferred income taxes					7,396,000	31,972,000
proceeds from maturities of short-and long-term marketable securities
cash received (paid) for business acquisitions, net of cash acquired
restructuring-related software charge
effects of exchange rate changes on cash and cash equivalents			623,000	2,100,000	5,210,000	4,979,000		1,331,000	212,000	922,000		-62,000
net increase in cash and cash equivalents			-54,770,000	15,651,000	-169,818,000	198,150,000	-7,726,000	52,642,000	-24,083,000	43,650,000	-18,528,000	25,621,000
restructuring-related software charges		2,818,000
cash paid for acquired businesses, net of cash acquired		-79,000		0	-197,191,000	-10,000
changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
proceeds from sales of short and long-term marketable securities
proceeds from maturities of short and long-term marketable securities
net cash from by investing activities
net increase in cash, and cash equivalents and restricted cash		51,029,000
cash paid for income taxes, net of refunds received of 4,476 and 815 for the three months ended march 31, 2018 and 2017, respectively		18,313,000
non-cash investing activities:
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
cash paid for income taxes, net of refunds received in the years ended december 31, 2017, 2016 and 2015 of 6,750, 1,664 and 19,374, respectively
non-cash financing and investing activities:
cash and cash equivalents at beginning of period				0	0	324,169,000		0	0	80,595,000		0
cash and cash equivalents at end of period				15,651,000	-169,818,000	522,319,000		52,642,000	-24,083,000	124,245,000		25,621,000
cash paid for income taxes, net of refunds received in the nine months ended september 30, 2017 and 2016 of 5,867 and 1,582, respectively
cash paid for income taxes, net of refunds received in the six months ended june 30, 2017 and 2016 of 2,481 and 457, respectively
cash paid for income taxes, net of refunds received in the three months ended march 31, 2017 of 0.8 million						41,133,000
excess tax benefits from stock-based compensation							32,447,000	-1,100,000	-3,009,000	-7,476,000	52,112,000
repayment of acquired debt and capital leases
cash paid for income taxes, net of refunds received in the years ended december 31, 2016 and 2015 of 1,664 and 19,374, respectively
cash paid for income taxes, net of refunds received in the year ended december 31, 2015 of 19,374
convertible note receivable received for divestiture of a business
other non-cash items
benefit for doubtful accounts
non-cash portion of restructuring charges
(gain) loss on disposal of property and equipment
gain from divestiture of a business
change in fair value of contingent consideration
proceeds from sales and redemptions of short- and long-term marketable securities
proceeds from sale of property and equipment
payment of contingent consideration related to acquired business
cash paid for income taxes							1,070,000	763,000	436,000	878,000	1,340,000	1,575,000
benefit from doubtful accounts							848,000	944,000	594,000	515,000	397,000
gain from disposal of property and equipment
proceeds from the sale of property and equipment
income from disposal of property and equipment
gain and other activity related to divestiture of a business
cash (paid) received for acquired businesses, net of cash acquired
other non-currents assets and liabilities
payment of acquired debt and capital leases
net decrease in cash and cash equivalents
loss on disposal of property and equipment
gain on disposal of property and equipment
gain on divestiture of a business
unrealized gain on convertible note receivable
accounts payable, accrued expenses and other current liabilities							-8,318,000	10,456,000	-15,797,000	694,000	-3,136,000
accrued restructuring							-696,000	-530,000	-818,000	-678,000	-464,000
cash received (paid) for acquired businesses, net of cash acquired
capitalization of internal-use software costs							-5,962,000	-4,981,000	-4,113,000	-4,001,000	-3,532,000
proceeds from the issuance of common stock under stock option plans										6,692,000
stock-based compensation expense								16,909,000	17,208,000	16,830,000
gain on investments and disposal of property and equipment
loss on divestiture of a business
cash paid for acquired businesses, net of cash recevied
employee taxes paid related to net share settlement of equity awards
capitalization of stock-based compensation, net of impairments											1,470,000
cash paid for acquisition of businesses, net of cash acquired
decrease in restricted investments held for security deposits											0
proceeds from the issuance of common stock under stock option plans and employee stock purchase plans
(gain) loss on investments and disposal of property and equipment
amortization of deferred financing costs							210,000	210,000	210,000	210,000	210,000
non-cash portion of loss on early extinguishment of debt							0	2,000	0	1,000
non-cash portion of restructuring charge
gain on divesture of certain assets
increase in other investments
proceeds from divesture of certain assets
proceeds from the issuance of common stock under stock option and employee stock purchase plans											9,267,000
cash paid for interest							1,001,000	1,000	1,002,000	1,000	1,001,000	1,000
common stock issued upon conversion of 1% convertible senior notes
common stock returned upon settlement of escrow claims related to prior business acquisitions
loss on investments and disposal of property and equipment
cash paid for acquisition of business, net of cash acquired
gains on investments and disposal of property and equipment
losses (gains) on investments and disposal of property and equipment
cash paid for acquisition of business
excess tax benefit from stock-based compensation
(gains) losses on investments and disposal of property and equipment
payments on capital leases							0	0
effect of exchange rate changes on cash and cash equivalents
common stock and vested stock options issued in connection with acquisitions of businesses
gain on investments and loss on disposal of property and equipment
repurchase of common stock
capitalization of stock-based compensation as internal-use software
gains on investments and loss on disposal of property and equipment
cash paid for acquisition of a business
proceeds from sales and maturities of short- and long-term marketable securities
non-cash portion of restructuring benefit							0	0
(gains) losses on investments and loss on disposal of property and equipment
cash of acquired businesses, net of cash paid
decrease in restricted marketable securities held for security deposits
capitalization of stock-based compensation as internal-use software, net of impairments
common stock and vested stock options issued in connection with acquisition of businesses
changes in operating assets and liabilities, net of effects of acquisition:
cash of acquired business
common stock and vested stock options issued in connection with acquisition of business
benefit from deferred income taxes, net, including release of deferred tax asset valuation allowance in 2005
foreign currency (gains) losses
proceeds from equity offering, net of issuance costs
repurchase of 5 1/2% convertible subordinated notes
acquisition of equipment through capital leases
value of deferred compensation recorded for issuance of deferred stock units and restricted stock
adjustments to reconcile net income to net cash from operating activities, net of acquisitions:
utilization of tax net operating income carryforwards								16,540,000	13,437,000	11,701,000
gain on investments, loss on disposal of property and equipment and gain on foreign currency
changes in operating assets and liabilities, net of acquisitions:
purchases of short- and long-term available for sale securities								-102,716,000	-152,831,000	-53,279,000
sales and maturities of short- and long-term available for sale securities								93,335,000	104,414,000	51,669,000
cash received in business acquisitions, net of transaction costs								0
proceeds from issuance of common stock under stock option and employee stock purchase plans
cash from financing activities								5,935,000	14,045,000	14,168,000
issuance of common stock and stock options exchanged in business combinations								-7,556,000
conversion of 1% convertible senior notes to common stock								105,000	0	40,000
gain on investments, loss on disposal of property and equipment and foreign currency									-41,000	-448,000
changes in operating assets and liabilities, net of acquisition:
cash received in business acquisition, net of transaction costs										5,435,000
issuance of common stock and stock options exchanged in business combination										161,948,000
stock-related compensation
change in deferred income taxes, net, including release of deferred tax asset valuation allowance in 2005
changes in assets and liabilities, net of acquisitions:
business acquisitions, net of cash (used) acquired
purchases of short and long-term available for sale securities											-116,164,000
proceeds from sales and maturities of short and long-term available for sale securities											79,075,000
proceeds from sales of property and equipment
decrease in restricted cash held for note repurchases
proceeds from the issuance of 1% convertible senior notes, net of financing costs
repurchase of 51/2% convertible subordinated notes
effect of exchange rate translation on cash and cash equivalents
common stock and vested common stock options issued in connection with acquisition of a business
change in deferred tax assets, net, including release of deferred tax asset valuation allowance
utilization of tax net operating income carryforward
(gain) loss on investments, disposal of property and equipment and foreign currency
changes in operating assets and liabilities:
cash acquired in business acquisition
payments on repurchase of 51/2% convertible subordinated notes
common stock and vested stock options issued and accrued transaction costs for acquisition of a business
value of deferred compensation recorded for issuance of deferred stock units
adjustments to reconcile net income to net cash from operating activities: depreciation and amortization
cash, cash equivalents and marketable securities balance as of december 31, 2004 and 2003, respectively
changes in cash, cash equivalents and marketable securities:
receipts from customers
payments to vendors
payments for employee payroll
debt repurchases
debt proceeds
debt interest and premium payments
stock option exercises and employee stock purchase plan issuances
equity offering proceeds
net increase
cash, cash equivalents and marketable securities balance as of december 31, 2005 and 2004, respectively
contractual
obligations
1% convertible senior notes
interest on convertible notes outstanding assuming no early redemption or repurchases
real estate operating leases
bandwidth and co-location agreements
vendor equipment purchase obligations
open vendor purchase orders
total contractual obligations
effects of exchange rate translation on cash and cash equivalents