Company: FSLY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001517413-25-000063
Chunk: 143

Company: Fastly, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 143
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 of finance lease liabilities repayments. This was partially offset by $4.8 million in proceeds from the ESPP and $5.7 million in proceeds from stock option exercises by our employees and directors.

86

Contractual Obligations and Other Commitments

The following table summarizes our non-cancelable contractual obligations as of December 31, 2024: 

Less than 1 Year1-3 Years3-5 YearsMore than 5 YearsTotal(in thousands)Purchase obligations – non-equipment(1)$43,320 $14,990 $288 $— $58,598 Purchase obligations – equipment (2)3,951 7,538 — — 11,489 Operating lease obligations(3)29,120 38,465 5,620 442 73,647 Finance lease obligations(4)2,344 — — — 2,344 Debt obligation(5)— 188,594 150,000 — 338,594 Total$78,735 $249,587 $155,908 $442 $484,672 

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(1)    Purchase obligations-non equipment represent total future minimum payments under contracts with our cloud infrastructure providers, network service providers, and other vendors. Purchase obligations exclude agreements that are cancellable without penalty. Our purchase obligations exclude our operating lease commitments associated with our colocation arrangements which have been separately disclosed under our operating lease obligations.

(2)     Purchase obligations-equipment represent total future minimum payments under contracts for capital expenditures.

(3)     Operating lease obligations represent total future minimum rent payments under non-cancelable operating lease agreements, such as our facilities and colocation (i.e. data center) leases.

(4)    Finance lease obligations represents principal and interest payments under our networking equipment leases.

(5)    Debt obligation aggregate principal amount of our 0% convertible senior notes due on March 15, 2026 as well as our 7.75% convertible senior notes due on June 1, 2028.

These commitments will generally be settled with existing cash on hand, cash generated from operations and our current or any future financing arrangements. 

Critical Accounting Estimates

We prepare our consolidated financial statements in accordance with U.S. GAAP. The preparation of our consolidated financial statements requires us to make estimates, judgments, and assumptions that affect the reported amounts of assets,