Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 303

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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 costs on the Company’s condensed consolidated balance sheets was approximately $80.3 million and $79.5 million, respectively. The Company leases certain networking equipment from various third parties through equipment finance leases. The Company’s networking equipment assets as of both March 31, 2025 and December 31, 2024 included a total of $73.2 million acquired under finance lease agreements. These leases are capitalized in property and equipment, and the related amortization of assets under finance leases is included in depreciation and amortization expense. The accumulated depreciation of the associated networking equipment assets under finance leases totaled $55.2 million as of both March 31, 2025 and December 31, 2024.Other AssetsOther assets consisted of the following:As of March 31, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$49,870 $52,583 Advance payment for purchase of property and equipment6,168 9,837 Other assets5,627 5,982 Total other assets$61,665 $68,402 

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Accrued ExpensesAccrued expenses consisted of the following:As of March 31, 2025As of December 31, 2024(in thousands)Accrued compensation and related benefits$11,248 $12,700 Accrued bonus3,037 6,566 Accrued colocation and bandwidth costs16,093 15,317 Other tax liabilities4,272 4,266 Other accrued expenses2,515 2,773 Total accrued expenses$37,165 $41,622 Other Current LiabilitiesOther current liabilities consisted of the following:As of March 31, 2025As of December 31, 2024(in thousands)Deferred revenue$31,316 $26,511 Accrued computer and networking equipment1,048 743 Other current liabilities6,078 2,053 Total other current liabilities$38,442 $29,307 Accumulated Other Comprehensive LossFor the three months ended March 31, 2025 and 2024, components of accumulated other comprehensive loss, net of taxes, were as follows (in thousands): Foreign Currency Translation Available-for-sale investmentsAccumulated Other Comprehensive Income (Loss)Balance, December 31, 2024$(12)$(88)$(100)Other comprehensive income — (