Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 306

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 306
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 operating activities$43,086 $6,184 Net cash provided by (used in) investing activities$(248,839)$41,675 Net cash provided by (used in) financing activities$1,810 $(8,673)

Cash Flows from Operating Activities

For the six months ended June 30, 2025, cash provided by operating activities was $43.1 million, consisting primarily of our net loss of $76.7 million, adjusted for non-cash items of $114.7 million, and net cash flows used in operating assets and liabilities of $5.0 million. The main drivers of the changes in operating assets and liabilities were a $17.9 million increase in other liabilities, a $6.0 million increase in accounts payable due to timing of payments and a $2.3 million increase in prepaid expenses and other current assets. This was offset by a $8.2 million decrease in other assets, $7.9 million of net operating lease payments, a net decrease of accounts receivable of $3.3 million, primarily due to the timing of cash receipts from our customers and a $1.8 million decrease in accrued expenses due to timing of payments.

For the six months ended June 30, 2024, cash provided by operating activities was $6.2 million, consisting primarily of our net loss of $87.2 million, adjusted for non-cash items of $118.2 million, and net cash flows used in operating assets and liabilities of $24.8 million. The main drivers of the changes in operating assets and liabilities were a $12.0 million decrease in operating lease liabilities, a $6.8 million decrease in accrued expenses due to timing of payments, a $5.0 million decrease in other assets, a $1.2 million decrease in other liabilities as well as a $4.8 million decrease in prepaid expenses and other current assets. This was offset by a net increase of accounts receivable of $5.3 million, primarily due to the growth of our business and the timing of cash receipts from our customers.

Cash Flows from Investing Activities

For the six months ended June 30, 2025, cash used in investing activities was $248.8 million, primarily consisting of $272.9 million purchases of marketable securities, $12.5 million of payments related to purchases of property and equipment to expand our network, and $9.3 million of additions to capitalized internal-use software. The cash