Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 156

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 2
Chunk 156
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 December 31, 2023, which consisted of outflows related to $10.3 billion of purchases and origination of loans held for investment, including originated and purchased loans of $2.2 billion and $8.2 billion, respectively, during the period, $193.3 million of purchases of securities available for sale, and $74.6 million of property, equipment and software additions. Inflows related to $6.5 billion of principal repayments of loans, $3.0 billion of proceeds from sale of loans held for investment, and $482.0 million of proceeds from maturities of securities available for sale.   

Cash Flows from Financing Activities

Net cash provided by financing activities was $609.7 million for the six months ended December 31, 2024, and primarily consisted of net cash inflows of $750.0 million from the new issuance and repayment of notes and residual trust certificates issued by securitization trusts, $920.0 million from proceeds, net of debt issuance costs, related to the issuance of the 2029 Notes, and $321.7 million related to borrowing and repayment of funding debt. This was partially offset by net cash outflows of $1,012.9 million related to the extinguishment and repurchase of a portion of our 2026 Notes, $250.0 million related to repurchase of common stock shares in connection with the issuance of the 2029 Notes, and net cash outflows of $158.5 million related to taxes paid on vested RSUs.

Net cash provided by financing activities was $655.2 million for the six months ended December 31, 2023, and primarily consisted of net cash inflows of $573.5 million from the new issuance and repayment of notes and residual trust certificates issued by securitization trusts, and $132.1 million related to borrowing and repayment of funding debt. This was partially offset by net cash outflows of $75.7 million related to taxes paid on vested RSUs.

Contractual Obligations

There were no material changes outside of the ordinary course of business in our commitments and contractual obligations for the three and six months ended December 31, 2024 from the commitments and contractual obligations disclosed in the section titled “Management’s Discussion and Analysis of Financial 

74

Condition and Results of Operations — Contractual Obligations,” set forth in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024,