Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 245

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 245
---
 STATEMENTS OF CASH FLOWS

(in thousands; unaudited)

Nine months ended September 30,20252024Cash flows from operating activities:Net loss$(106,172)$(125,172)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation expense45,768 40,251 Amortization of intangible assets14,537 14,699 Non-cash lease expense16,825 16,819 Amortization of debt discount and issuance costs650 1,061 Amortization of deferred contract costs14,566 13,877 Stock-based compensation85,046 82,985 Deferred income taxes1,038 900 Provision for credit losses3,230 2,400 (Gain) loss on disposals of property and equipment(43)444 Accretion of discounts on investments(3,287)(3,466)Impairment of operating lease right-of-use assets— 371 Impairment expense415 3,696 Other adjustments103 83 Changes in operating assets and liabilities:Accounts receivable, net3,574 1,298 Prepaid expenses and other current assets811 (7,420)Other assets(12,991)(7,729)Accounts payable3,280 4,514 Accrued expenses(467)(4,142)Operating lease liabilities(13,662)(19,341)Other liabilities18,789 (4,942)Net cash provided by operating activities72,010 11,186 Cash flows from investing activities:Purchases of marketable securities(352,062)(155,099)Sales of marketable securities18,128 — Maturities of marketable securities117,222 289,709 Advance payment for purchase of property and equipment— (790)Purchases of property and equipment(18,503)(5,361)Proceeds from sale of property and equipment44 24 Capitalized internal-use software(14,012)(20,492)Net cash provided by (used in) investing activities(249,183)107,991 Cash flows from financing activities:Repayments of finance lease liabilities(2,328)(12,404)Payment of deferred consideration for business acquisitions— (3,771)Proceeds from exercise of vested stock options758 310 Proceeds from employee stock purchase plan5,477 6,083 Net cash provided by (