Form 8-K/A












Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report: February 3, 2010

(Date of earliest event reported)




(Exact Name of Registrant as Specified in Charter)




Delaware   0-27275   04-3432319

(State or Other Jurisdiction

of Incorporation)



File Number)


(IRS Employer

Identification No.)


8 Cambridge Center, Cambridge, Massachusetts   02142
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (617) 444-3000



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 2.02 Results of Operations and Financial Condition

On February 3, 2010, Akamai Technologies, Inc. (“Akamai” or the “Registrant”) announced its preliminary financial results for the fiscal year ended December 31, 2009. Set forth below is a revised balance sheet dated December 31, 2009 that corrects two errors in the unaudited balance sheet dated December 31, 2009 (the “original balance sheet”) that was included in the press release furnished as Exhibit 99.1 to the Registrant’s Current Report on Form 8-K dated February 3, 2010.

Under the terms of Akamai’s 1% senior convertible subordinated notes due 2033 (the “convertible notes”), holders of the convertible notes will have the right to require the repayment of some or all of the principal amount of such convertible notes on specified dates beginning in December 2010. The indebtedness associated with such convertible notes was erroneously classified as a long-term liability in the original balance sheet. Accordingly, Akamai has reclassified the indebtedness associated with such convertible notes as a current liability in the balance sheet set forth below. See Note 12 to the financial statements included in the Registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 for a more complete discussion of the terms of the convertible notes. In addition, a $9.9 million non-cash deferred tax item was erroneously recorded in the original balance sheet as an increase, rather than a decrease, in each of Deferred Income Tax Assets and Stockholders’ Equity. To reflect the correction of such item, the Deferred Income Tax Assets and Stockholders’ Equity have each been reduced by $19.8 million in the balance sheet set forth below.

None of the changes to the original balance sheet require any adjustments to the Registrant’s Condensed Consolidated Statement of Operations for the year ended December 31, 2009, Condensed Consolidated Statement of Cash Flows for the year ended December 31, 2009, or Condensed Consolidated Balance Sheet dated December 31, 2008 included in the original press release.

Akamai expects to timely file its Annual Report on Form 10-K, including its audited consolidated financial statements, on or about March 1, 2010.



Akamai Technologies, Inc.

Condensed Consolidated Balance Sheets

(amounts in thousands)



     Dec. 31, 2009    Dec. 31, 2008

Cash and cash equivalents

   $ 181,305    $ 156,074

Marketable securities

     384,834      171,097

Restricted marketable securities

     602      3,460

Accounts receivable, net

     154,269      139,612

Prepaid expenses and other current assets

     40,163      31,666

Current assets

     761,173      501,909

Marketable securities

     494,707      440,843

Restricted marketable securities

     36      153

Property and equipment, net

     182,404      174,483

Goodwill and other intangible assets, net

     517,620      534,253

Other assets

     4,416      5,592

Deferred income tax assets, net

     127,154      223,718

Total assets

   $ 2,087,510    $ 1,880,951
Liabilities and stockholders’ equity      

Accounts payable and accrued expenses

   $ 92,563    $ 87,297

Other current liabilities

     34,975      13,159

Convertible notes, current portion

     199,755      —  

Current liabilities

     327,293      100,456

Other liabilities

     21,495      11,870

Convertible notes

     —        199,855

Total liabilities

     348,788      312,181

Stockholders’ equity

     1,738,722      1,568,770

Total liabilities and stockholders’ equity

   $ 2,087,510    $ 1,880,951




Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: February 17, 2010   AKAMAI TECHNOLOGIES, INC.

/s/ J. Donald Sherman

  J. Donald Sherman
  Chief Financial Officer