Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 259

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 259
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 $338,594 Less: unamortized debt issuance costs(126)(980)Less: current portion of long-term debt(188,594)— Long-term debt, less current portion$149,874 $337,614 For the three months ended March 31, 2025 and 2024, interest expense related to the Company’s debt obligations was $3.1 million and $0.4 million, respectively. As of March 31, 2025 and December 31, 2024, the total estimated fair value of the Notes was $326.5 million and $327.7 million, respectively.

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9.     Commitments and Contingencies

Purchase CommitmentsAs of March 31, 2025, the Company had long-term commitments for cost of revenue related agreements (i.e., bandwidth usage, peering and other managed services with various networks, fixed asset vendors, Internet service providers and other third-party vendors). The Company also has non-cost of revenue long-term commitments for various non-cancelable agreements. Aside from the Company’s finance and operating lease commitments, including its colocation operating commitments, which have been disclosed in Note 6—Leases, the minimum future commitments related to the Company's purchase commitments as of March 31, 2025 were as follows: Cost of Revenue CommitmentsOperating Expense CommitmentsTotal Purchase Commitments(in thousands)Remainder of 2025$42,440 $10,403 $52,843 202626,543 11,915 38,458 202710,243 6,126 16,369 202895 192 287 202918 18 Thereafter— — — Total$79,339 $28,636 $107,975 Sales and Use TaxThe Company conducts its operations in many tax jurisdictions throughout the United States. In some of these jurisdictions the Company is subject to indirect taxes, such as sales and use taxes, and may be subject to certain other taxes. In accordance with GAAP, the Company has recorded a provision for its tax exposure in these jurisdictions when it is both probable that a liability has been incurred and the amount of the exposure can be reasonably estimated. The Company has accrued $4.3 million as of both March 31, 2025 and December 31, 2024, for sales and use tax. These estimates are based on several key assumptions, including the