Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 247

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 247
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MENTS OF CASH FLOWS

(in thousands; unaudited)

Six months ended June 30,20252024Cash flows from operating activities:Net loss$(76,689)$(87,156)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation expense30,129 26,595 Amortization of intangible assets9,778 9,799 Non-cash lease expense11,349 11,356 Amortization of debt discount and issuance costs434 703 Amortization of deferred contract costs9,697 9,104 Stock-based compensation51,917 57,969 Deferred income taxes749 561 Provision for credit losses1,994 1,346 (Gain) loss on disposals of property and equipment(43)444 Amortization of discounts on investments(1,982)(2,402)Impairment expense415 3,137 Other adjustments292 (437)Changes in operating assets and liabilities:Accounts receivable(3,324)5,274 Prepaid expenses and other current assets2,337 (4,831)Other assets(8,171)(5,024)Accounts payable6,021 (240)Accrued expenses(1,806)(6,849)Operating lease liabilities(7,888)(12,012)Other liabilities17,877 (1,153)Net cash provided by operating activities43,086 6,184 Cash flows from investing activities:Purchases of marketable securities(272,926)(117,197)Maturities of marketable securities45,805 176,677 Advance payment for purchase of property and equipment— (790)Purchases of property and equipment(12,457)(3,365)Proceeds from sale of property and equipment44 24 Capitalized internal-use software(9,305)(13,674)Net cash provided by (used in) investing activities(248,839)41,675 Cash flows from financing activities:Repayments of finance lease liabilities(2,248)(9,108)Payment of deferred consideration for business acquisitions— (3,771)Proceeds from exercise of vested stock options687 291 Proceeds from employee stock purchase plan3,371 3,915 Net cash provided by (used in) financing activities1,810 (8,673)Effects of exchange rate changes on cash and cash equivalents255 (