Fastly, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation expense $20.0m $28.8m $42.6m $51.6m $54.0m $61.0m
Amortization of intangible assets $5.1m $21.2m $21.7m $20.4m $19.6m $16.8m
Amortization of debt discount and issuance costs $219k $3.2m $3.2m $2.5m $1.4m $906k
Amortization of deferred contract costs $0 $2.3m $3.5m $6.3m $8.9m $15.5m $18.6m $19.4m
Deferred income taxes $0 $0 ($900k) $1.8m $1.4m
Impairment of operating lease right-of-use assets $0 $0 $2.1m $744k $371k $0
Impairment expense $0 $0 $4.3m $4.1m $415k
Loss on disposals of property and equipment $113k $0 $108k $653k ($300k) $854k $505k $540k $186k
Net gain on extinguishment of debt $0 $0 ($54.4m) ($52.4m) ($1.4m) ($941k)
Operating lease liabilities $0 $0 ($18.3m) ($26.4m) ($27.0m) ($22.1m) ($26.5m) ($20.7m)
Assets obtained in exchange for operating lease obligations $0 $0 $23.8m $32.5m $29.6m $5.8m $8.5m $7.1m
Net noncash change in operating lease assets and liabilities associated with modifications and terminations ($25.9m) ($17.0m) ($31.3m) $0 $0 $3.1m ($4.4m) $10.4m $16.2m
Net loss ($32.5m) ($30.9m) ($51.5m) ($95.9m) ($222.7m) ($190.8m) ($133.1m) ($158.1m) ($121.7m)
Non-cash lease expense $21.8m $26.9m $29.7m $22.7m $22.5m $22.4m
Stock-based compensation $2.8m $4.1m $12.1m $64.4m $140.5m $145.8m $136.3m $107.9m $117.3m
Provision for credit losses $1.0m $599k $360k $1.7m $196k $2.4m $2.0m $3.8m $4.2m
Accretion of discounts on investments $345k $2.2m $3.1m ($646k) ($4.0m) ($4.7m)
Other adjustments ($18k) ($354k) ($591k) $624k $2.2m $3.7m $648k ($814k) $549k
Accounts receivable, net ($6.0m) ($6.2m) ($12.8m) ($9.3m) ($14.6m) ($27.4m) ($32.9m) $676k ($6.2m)
Prepaid expenses and other current assets ($3.5m) ($2.3m) ($2.1m) ($5.5m) ($4.8m) ($6.8m) $8.7m ($7.6m) $1.6m
Other assets ($94k) $10k ($2.2m) ($17.2m) ($10.4m) ($35.4m) ($23.1m) ($11.9m) ($19.5m)
Accounts payable $1.1m ($372k) $2.4m $4.1m $146k ($4.7m) $382k $611k $4.5m
Accrued expenses $1.0m $3.9m $4.4m $13.0m $4.3m $8.3m ($7.9m) ($2.9m) ($447k)
Other liabilities $78k $1.2m ($1.3m) $4.9m $8.8m $6.8m $7.1m ($6.4m) $18.0m
Purchases of marketable securities ($46.1m) ($62.7m) ($191.0m) ($269.1m) ($928.2m) ($355.5m) ($132.2m) ($155.1m) ($389.8m)
Sales of marketable securities $0 $0 $52.6m $143.2m $66.5m $161.9m $25.6m $0 $25.9m
Maturities of marketable securities $43.5m $35.2m $70.8m $88.7m $118.1m $535.0m $433.8m $371.2m $197.2m
Advance payment for purchase of property and equipment $1.8m $133k $7.1m $0 $0 ($42.2m) $0 ($790k) $0
Purchases of property and equipment ($12.1m) ($16.7m) ($14.6m) ($29.6m) ($34.8m) ($20.0m) ($11.0m) ($10.3m) ($28.7m)
Proceeds from sale of property and equipment $113k $0 $0 $575k $588k $492k $49k $24k $44k
Capitalized internal-use software ($1.1m) ($3.0m) ($4.9m) ($6.1m) ($13.5m) ($18.1m) ($21.3m) ($26.1m) ($17.7m)
Proceeds from issuance of convertible notes $0 $0 $930.8m $0 $0 $0 $180.0m
Payments of issuance costs for convertible notes ($257k) ($231k) $0 ($1.4m) $0 $0 ($5.7m) ($5.9m)
Cash paid for debt extinguishment $0 ($177.1m) ($310.5m) $0 ($148.9m)
Payments for purchase of capped calls $0 $0 ($18.2m)
Repayments of finance lease liabilities ($1.2m) ($1.4m) ($5.8m) ($13.6m) ($22.5m) ($27.2m) ($15.0m) ($2.3m)
Payment of deferred consideration for business acquisitions $0 $0 ($4.4m) ($3.8m) $0
Proceeds from exercise of vested stock options $611k $1.6m $5.6m $15.3m $12.6m $5.7m $2.2m $1.1m $1.0m
Proceeds from employee stock purchase plan $0 $0 $5.4m $9.3m $8.1m $4.8m $8.6m $6.2m $7.0m
Property and equipment additions not yet paid in cash or financed $1.8m $133k $7.1m $3.2m $18.3m $1.5m $640k $983k $7.7m
Capitalized stock-based compensation $8.0m $10.0m $9.7m $7.3m
Deployments of prepaid capital equipment $0 $0 $5.2m $8.7m $14.6m $9.2m
Net cash provided by operating activities ($25.9m) ($17.0m) ($31.3m) ($19.9m) ($38.5m) ($69.6m) $362k $16.4m $94.4m
Net cash (used in) provided by investing activities ($15.8m) ($47.1m) ($87.7m) ($275.0m) ($794.5m) $235.8m $294.9m $178.9m ($213.0m)
Debt issued in exchange for extinguishment of existing notes $0 $0 $155.7m $0
Debt retired in exchange for issuance of new notes $0 $0 ($157.1m) $0
Net cash (used in) provided by financing activities $55.4m $69.6m $168.1m $272.7m $936.6m ($189.1m) ($331.4m) ($17.1m) $12.8m
Effects of exchange rate changes on cash, cash equivalents, and restricted cash ($32k) $22k $99k ($149k) ($477k) ($390k) $608k ($103k) $215k
Net increase (decrease) in cash, cash equivalents, and restricted cash $13.7m $5.6m $49.3m ($22.3m) $103.1m ($23.4m) ($35.5m) $178.1m ($105.6m)
Cash, cash equivalents, and restricted cash at beginning of period $31.4m $37.0m $86.2m $63.9m $167.0m $143.5m $108.1m $286.2m $180.6m
Cash and cash equivalents $31.3m $37.0m $16.1m $62.9m $166.1m $143.4m $107.9m $286.2m $180.6m
Restricted cash $87k $0 $70.1m $87k $0 $150k $150k $0 $0
Cash paid for interest $996k $1.8m $5.4m $1.6m $1.9m $2.7m $1.6m $527k $11.6m
Cash paid for finance lease interest $996k $1.8m $5.4m ($688k) ($1.8m) ($2.4m) $1.3m $378k $15k
Cash paid for income taxes, net of refunds received $166k $55k $361k $1.2m $267k $250k $331k $809k $1.3m