Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 443

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 443
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 provided by operating activities$17,288 $11,132 Net cash provided by (used in) investing activities$(178,885)$33,684 Net cash provided by (used in) financing activities$828 $(1,880)

Cash Flows from Operating Activities

For the three months ended March 31, 2025, cash provided by operating activities was $17.3 million, consisting primarily of our net loss of $39.1 million, adjusted for non-cash items of $57.5 million, and net cash flows used in operating assets and liabilities of $1.1 million. The main drivers of the changes in operating assets and liabilities were $5.6 million of operating lease payments, a net decrease of accounts receivable of $4.0 million, primarily due to the timing of cash receipts from our customers, a $3.4 million decrease in accrued expenses due to timing of payments and a $2.1 million decrease in other assets. This was offset by a $9.2 million increase in other liabilities, a $2.6 million increase in accounts payable due to timing of payments, and a $2.2 million increase in prepaid expenses and other current assets.

For the three months ended March 31, 2024, cash provided by operating activities was $11.1 million, consisting primarily of our net loss of $43.4 million, adjusted for non-cash items of $60.6 million, and net cash flows used in operating assets and liabilities of $6.1 million. The main drivers of the changes in operating assets and liabilities were a $7.6 million decrease in operating lease liabilities, a $8.8 million decrease in accrued expenses due to timing of payments, as well as a $2.7 

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million decrease in prepaid expenses and other current assets. This was offset by a net increase of accounts receivable of $12.0 million, primarily due to the growth of our business and the timing of cash receipts from our customers, and a $2.7 million increase in other liabilities.

Cash Flows from Investing Activities

For the three months ended March 31, 2025, cash used in investing activities was $178.9 million, primarily consisting of $179.5 million purchases of marketable securities, $4.8 million of additions to capitalized internal-use software, and $2.6 million of payments related to purchases of property and equipment to expand our network. The cash outflow was partially offset by