AKAMAI TECHNOLOGIES INC (AKAM) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	3,616.7	3,461.2	3,198.1	2,893.6	2,714.5	2,489.0	2,348.0	2,197.4
Revenue growth	4.5%	8.2%	10.5%	6.6%	9.1%	6.0%	6.9%	11.9%
Cost of goods sold	1,383.8	1,269.0	1,132.7	987.6	953.5	875.8	809.1	725.6
Gross profit	2,232.8	2,192.3	2,065.5	1,906.0	1,761.0	1,613.2	1,538.9	1,471.8
Gross margin	61.7%	63.3%	64.6%	65.9%	64.9%	64.8%	65.5%	67.0%
Selling, general and administrative
Sales and marketing	502.4	462.0	510.4	523.9	517.4	481.5	427.9	441.0
Research and development	391.4	335.4	269.3	261.4	246.2	222.4	167.6	148.6
General and administrative	584.2	553.0	547.9	516.1	574.1	509.2	439.9	388.3
EBITA	747.2	827.9	724.8	603.6	423.4	400.1	503.5	494.0
EBITA margin	20.7%	23.9%	22.7%	20.9%	15.6%	16.1%	21.4%	22.5%
Amortization of intangibles	65.0	48.0	42.0	38.6	33.3	30.9	26.6	27.1
EBIT	682.2	779.9	682.7	565.0	390.1	369.2	476.8	466.9
EBIT margin	18.9%	22.5%	21.3%	19.5%	14.4%	14.8%	20.3%	21.2%
Pre-tax income	658.0	728.2	616.1	532.5	343.1	314.2	466.4	456.6
Income taxes	126.7	62.6	45.9	53.4	44.7	91.4	145.6	135.2
Tax rate	19.3%	8.6%	7.5%	10.0%	13.0%	29.1%	31.2%	29.6%
Net income	523.7	651.6	557.1	478.0	298.4	222.8	320.7	321.4
Net margin	14.5%	18.8%	17.4%	16.5%	11.0%	8.9%	13.7%	14.6%

Diluted EPS	$3.26	$3.93	$3.37	$2.90	$1.76	$1.29	$1.82	$1.78
Shares outstanding (diluted)	160.5	165.8	165.2	164.6	169.2	172.7	176.2	180.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.