Company: FSLY
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001517413-25-000063
Chunk: 153

Company: Fastly, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 153
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)(133,088)Other comprehensive income— — — 8,278 — 8,278 Balance at December 31, 2023132,992 $3 $1,815,245 $(1,008)$(834,752)$979,488 Exercise of vested stock options292 — 1,115 — — 1,115 Vesting of restricted stock units5,886 — — — — — Shares issued under bonus program1,889 — 26,849 — — 26,849 Shares issued under employee stock purchase program1,027 — 6,714 — — 6,714 Stock-based compensation— — 108,234 — — 108,234 Net loss— — — — (158,058)(158,058)Other comprehensive income— — — 908 — 908 Balance as of December 31, 2024142,086 $3 $1,958,157 $(100)$(992,810)$965,250 

97

FASTLY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in thousands)

Year ended December 31,202420232022Cash flows from operating activities:Net loss$(158,058)$(133,088)$(190,774)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation expense54,037 51,602 42,619 Amortization of intangible assets19,599 20,424 21,696 Non-cash lease expense22,474 22,678 25,448 Amortization of debt discount and issuance costs1,377 2,476 3,169 Amortization of deferred contract costs18,623 15,548 8,916 Stock-based compensation107,930 136,303 145,796 Deferred income taxes1,793 (900)— Provision for credit losses3,834 2,025 2,406 Loss on disposals of property and equipment540 505 854 Amortization of premiums (discounts) on investments(3,973)(646)3,137 Impairment of operating lease right-of-use assets 371 744 2,083 Impairment expense4,144 4,316 —