Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 53

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
7,676 186 854,589 17,203 38 Total gross derivative assets/liabilities$572,441 $7,676 $186 $1,004,589 $17,207 $38 

39

The following table summarizes the impact of the cash flow hedges on Accumulated Other Comprehensive Income (“AOCI”) (in thousands):Three Months Ended December 31,Six Months Ended December 31,2024202320242023Balance at beginning of period(85)1,514 1,407 751 Changes in fair value(5)(103)(1,273)911 Amounts reclassified into earnings (1)(84)(511)(308)(762)Balance at end of period (2)$(174)$900 $(174)$900 (1)The amounts reclassified into earnings are presented in the interim consolidated statements of income within funding costs.(2)As of December 31, 2024, we estimated that $0.2 million of net derivative gains included in AOCI are expected to be reclassified into earnings within the next 12 months.The following table summarizes the impact of the derivative instruments on income and indicates where within the interim consolidated statements of operations and comprehensive income (loss) such impact is reported (in thousands):Three Months Ended December 31,Six Months Ended December 31,2024202320242023The effects of cash flow hedgingFunding costs84 511 308 762 The effects of derivatives not designated in hedging relationshipsOther income, net2,705 (5,708)(1,248)(1,729)

40

12.   Fair Value of Financial Assets and Liabilities

 Financial Assets and Liabilities Recorded at Fair ValueThe following tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2024 and June 30, 2024 (in thousands):December 31, 2024Level 1Level 2Level 3TotalAssets:Cash and cash equivalents:Money market funds$115,063 $— $— $115,063 Commercial paper— — — — Securities, available for sale:Certificates of deposit— 17,347 — 17,347 Corporate bonds— 204,294 — 204,294 Commercial paper— 51,293 — 51,293 Agency bonds— 13,319