Company: FSLY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001517413-25-000063
Chunk: 150

Company: Fastly, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 150
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, bandwidth, and other services provided. We compared our recalculation of manually processed revenue transactions to the Company’s recorded revenue and evaluated any differences.

/s/ Deloitte & Touche LLP

San Francisco, California

February 25, 2025

We have served as the Company’s auditor since 2015.

93

FASTLY, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

As of December 31, 2024As of December 31, 2023ASSETSCurrent assets:Cash and cash equivalents$286,175 $107,921 Marketable securities, current9,707 214,799 Accounts receivable, net of allowance for credit losses of $8,254 and $7,054 as of December 31, 2024 and December 31, 2023, respectively115,988 120,498 Prepaid expenses and other current assets28,325 20,455 Total current assets440,195 463,673 Property and equipment, net179,097 176,608 Operating lease right-of-use assets, net50,433 55,212 Goodwill670,356 670,356 Intangible assets, net42,876 62,475 Marketable securities, non-current— 6,088 Other assets68,402 90,779 Total assets$1,451,359 $1,525,191 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$6,044 $5,611 Accrued expenses41,622 61,818 Finance lease liabilities, current2,328 15,684 Operating lease liabilities, current25,155 24,042 Other current liabilities29,307 40,539 Total current liabilities104,456 147,694 Long-term debt337,614 343,507 Finance lease liabilities, non-current— 1,602 Operating lease liabilities, non-current39,561 48,484 Other long-term liabilities4,478 4,416 Total liabilities486,109 545,703 Commitments and contingencies (Note 10)Stockholders’ equity:Common stock, $0.00002 par value; 1,000,000,000 shares authorized as of both December 31, 2024 and 2023; 142,086,129 and 132,992,126