Company: AFRM
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001820953-25-000080
Chunk: 140

Company: Affirm Holdings, Inc.
Filing Date: 2025-08-28
Form: 10-K
Item: Item 7
Chunk 140
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flows of $1.0 billion related to the repurchase and extinguishment 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, $262.6 million related to borrowing and repayment of funding debt, and cash outflows of $303.8 million related to taxes paid on vested RSUs.

Net cash provided by financing activities was $913.1 million for the year ended June 30, 2024, primarily consisted of net cash inflows of $1.1 billion from the new issuance and repayment of notes and residual trust certificates issued by securitization trusts as well as net cash inflows of $59.2 million related to borrowing and repayment of funding debt. This was partially offset by net cash outflows of $189.2 million related to taxes paid on vested RSUs.

Contractual Obligations

Payments Due By PeriodTotalLess than 1 Year1 - 3 Years3 - 5 YearsMore than 5 Years(in thousands)Funding debt$1,640,514 $183,181 $942,012 $176,145 $339,176 Notes issued by securitization trusts4,833,855 — — 3,093,765 1,740,090 Operating lease commitments (1)36,380 16,575 8,006 7,367 4,432 Purchase obligations (2)535,410 125,979 237,043 172,388 — Convertible senior notes (3)1,153,000 — 247,880 905,120 — Total$8,199,159 $325,735 $1,434,941 $4,354,785 $2,083,698 

(1)Operating lease amounts include minimum rental payments under our non-cancelable leases primarily for office facilities. The amounts presented are consistent with contractual terms and are not expected to differ significantly from actual results under our existing leases. 

(2)Purchase obligations amounts primarily include minimum purchase commitments for cloud computing web services entered into in the ordinary course of business. 

(3)The 2026 and 2029 Notes have a net balance of $247.9 million and $905.1 million, respectively. The 2026 Notes do not bear interest and the 2029 Notes will bear interest at a fixed rate of