Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 14

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 held for investment(15,051,906)(10,333,489)Proceeds from the sale of loans held for investment5,264,335 2,976,941 Principal repayments and other loan servicing activity8,661,493 6,536,313 Additions to property, equipment and software(88,057)(74,564)Purchases of securities available for sale(184,885)(193,322)Proceeds from maturities and repayments of securities available for sale720,570 482,029 Other investing cash inflows14,383 (34,669)Net cash used in investing activities(664,067)(640,761)Cash flows from financing activitiesProceeds from the issuance of convertible notes920,000 — Proceeds from the issuance of funding debt7,893,354 6,439,713 Payment of debt issuance costs(23,070)(16,280)Principal repayments of funding debt(7,548,552)(6,291,324)Extinguishment of convertible debt(1,012,856)— Proceeds from issuance of notes and certificates by securitization trust750,000 1,101,828 Principal repayments of notes issued by securitization trust— (528,279)Proceeds from exercise of common stock options and warrants and contributions to ESPP39,388 25,167 Repurchase of common stock(250,000)— Payments of tax withholding for stock-based compensation(158,543)(75,674)Net cash provided by financing activities609,721 655,151 Effect of exchange rate changes on cash, cash equivalents and restricted cash(12,780)421 Net increase in cash, cash equivalents and restricted cash441,758 188,034 Cash, cash equivalents and restricted cash, beginning of period1,295,399 1,259,944 Cash, cash equivalents and restricted cash, end of period$1,737,157 $1,447,978 

The accompanying notes are an integral part of these interim condensed consolidated financial statements.

10

AFFIRM HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONT.

(Unaudited) 

(in thousands)

Six Months Ended December 31,20242023Reconciliation to amounts on consolidated balance sheets (as of period end)Cash and cash equivalents1,200,381 1,036,719