Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 321

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 321
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 acquired under finance lease agreements. These leases are capitalized in property and equipment, and the related amortization of assets under finance leases is included in depreciation and amortization expense. The accumulated depreciation of the associated networking equipment assets under finance leases totaled $58.2 million and $52.2 million as of June 30, 2025 and December 31, 2024, respectively.

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Other AssetsOther assets consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Deferred contract costs, net$47,932 $52,583 Advance payment for purchase of property and equipment2,700 9,837 Other assets8,941 5,982 Total other assets$59,573 $68,402 Accrued ExpensesAccrued expenses consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Accrued compensation and related benefits$9,505 $12,700 Accrued bonus12,247 6,566 Accrued colocation and bandwidth costs15,147 15,317 Other tax liabilities4,540 4,266 Other accrued expenses3,843 2,773 Total accrued expenses$45,282 $41,622 Other Current LiabilitiesOther current liabilities consisted of the following:As of June 30, 2025As of December 31, 2024(in thousands)Deferred revenue$34,356 $26,511 Accrued computer and networking equipment704 743 Other current liabilities7,313 2,053 Total other current liabilities$42,373 $29,307 

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Accumulated Other Comprehensive LossFor the three and six months ended June 30, 2025 and 2024, components of accumulated other comprehensive loss, net of taxes, were as follows (in thousands): Foreign Currency Translation Available-for-sale investmentsAccumulated Other Comprehensive LossBalance, March 31, 2025$(12)$(118)$(130)Other comprehensive loss — (39)(39)Balance, June 30, 2025$(12)$(157)$(169)Foreign Currency Translation Available-for-sale investmentsAccumulated Other Comprehensive LossBalance, March 31, 2024$(12)$(509)$(521)Other comprehensive income — 239 239 Balance, June 30,