2021 Q4 Form 10-K Financial Statement

#000151741322000038 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $97.72M $354.3M $82.65M
YoY Change 18.23% 21.82% 40.23%
Cost Of Revenue $47.94M $167.0M $33.75M
YoY Change 42.06% 39.16% 32.2%
Gross Profit $49.77M $187.3M $48.90M
YoY Change 1.79% 9.63% 46.36%
Gross Profit Margin 50.94% 52.87% 59.17%
Selling, General & Admin $69.73M $279.5M $67.25M
YoY Change 3.69% 37.5% 94.98%
% of Gross Profit 140.1% 149.2% 137.53%
Research & Development $35.00M $126.9M $25.59M
YoY Change 36.76% 69.57% 97.61%
% of Gross Profit 70.31% 67.72% 52.33%
Depreciation & Amortization $13.40M $28.80M $10.65M
YoY Change 25.8% 44.15% 119.14%
% of Gross Profit 26.92% 15.37% 21.78%
Operating Expenses $106.4M $406.3M $93.94M
YoY Change 13.29% 46.13% 98.02%
Operating Profit -$56.66M -$219.0M -$45.04M
YoY Change 25.79% 104.29% 221.03%
Interest Expense -$1.041M $5.245M -$270.0K
YoY Change 285.56% 238.61% -157.45%
% of Operating Profit
Other Income/Expense, Net $201.0K $356.0K -$700.0K
YoY Change -128.71% -227.6% 250.0%
Pretax Income -$57.50M -$222.6M -$58.32M
YoY Change -1.41% 107.27% 323.84%
Income Tax $25.00K $100.0K -$12.61M
% Of Pretax Income
Net Earnings -$57.52M -$222.7M -$45.70M
YoY Change 25.87% 132.14% 224.8%
Net Earnings / Revenue -58.86% -62.85% -55.29%
Basic Earnings Per Share -$1.92
Diluted Earnings Per Share -$486.4K -$1.92 -$404.5K
COMMON SHARES
Basic Shares Outstanding 117.5M shares 116.1M shares
Diluted Shares Outstanding 116.1M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $527.9M $527.9M $194.2M
YoY Change 171.84% 171.81% 48.11%
Cash & Equivalents $166.1M $31.29M $62.90M
Short-Term Investments $361.8M $361.8M $131.3M
Other Short-Term Assets $32.16M $32.16M $16.80M
YoY Change 91.43% 91.43% -79.28%
Inventory
Prepaid Expenses
Receivables $64.63M $64.63M $50.26M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $624.6M $624.6M $261.3M
YoY Change 139.09% 139.05% 4.79%
LONG-TERM ASSETS
Property, Plant & Equipment $167.0M $236.6M $95.98M
YoY Change 73.96% 51.66% 59.87%
Goodwill $636.8M $635.6M
YoY Change 0.19% 170757.53%
Intangibles $102.6M $121.7M
YoY Change -15.73% 10721.51%
Long-Term Investments $528.9M $528.9M
YoY Change
Other Assets $29.47M $29.38M $24.92M
YoY Change 18.26% -34.71% 146.41%
Total Long-Term Assets $1.534B $1.534B $958.7M
YoY Change 60.05% 60.05% 1238.1%
TOTAL ASSETS
Total Short-Term Assets $624.6M $624.6M $261.3M
Total Long-Term Assets $1.534B $1.534B $958.7M
Total Assets $2.159B $2.159B $1.220B
YoY Change 76.98% 76.97% 280.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.257M $9.257M $9.150M
YoY Change 1.17% 0.62% 98.83%
Accrued Expenses $36.11M $66.97M $34.33M
YoY Change 5.18% 31.05% 72.72%
Deferred Revenue $26.42M $15.92M
YoY Change 66.0% 4920.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $21.13M $11.00M
YoY Change -100.0% 92.05% 145.97%
Total Short-Term Liabilities $131.9M $131.9M $94.09M
YoY Change 40.16% 40.14% 153.47%
LONG-TERM LIABILITIES
Long-Term Debt $933.2M $955.5M $0.00
YoY Change 6399.99% -100.0%
Other Long-Term Liabilities $2.583M $57.70M $4.400M
YoY Change -41.3% 17.03% 323.89%
Total Long-Term Liabilities $935.8M $1.013B $4.400M
YoY Change 21167.91% 1483.12% -79.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.9M $131.9M $94.09M
Total Long-Term Liabilities $935.8M $1.013B $4.400M
Total Liabilities $1.145B $1.145B $158.1M
YoY Change 624.33% 624.27% 149.67%
SHAREHOLDERS EQUITY
Retained Earnings -$510.9M -$288.2M
YoY Change 77.27% 50.09%
Common Stock $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.014B $1.014B $1.062B
YoY Change
Total Liabilities & Shareholders Equity $2.159B $2.159B $1.220B
YoY Change 76.98% 76.97% 280.08%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$57.52M -$222.7M -$45.70M
YoY Change 25.87% 132.14% 224.8%
Depreciation, Depletion And Amortization $13.40M $28.80M $10.65M
YoY Change 25.8% 44.15% 119.14%
Cash From Operating Activities -$7.908M -$38.48M -$31.15M
YoY Change -74.61% 93.22% 917.97%
INVESTING ACTIVITIES
Capital Expenditures -$6.729M $34.82M -$7.170M
YoY Change -6.15% 17.74% 22.56%
Acquisitions $1.169M
YoY Change -99.42%
Other Investing Activities -$103.9M -$744.1M -$260.3M
YoY Change -60.06% 213.3% -779.18%
Cash From Investing Activities -$110.7M -$794.5M -$267.4M
YoY Change -58.62% 188.89% -923.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.603M $936.6M -17.58M
YoY Change -114.81% 243.39% -1010.88%
NET CHANGE
Cash From Operating Activities -7.908M -$38.48M -31.15M
Cash From Investing Activities -110.7M -$794.5M -267.4M
Cash From Financing Activities 2.603M $936.6M -17.58M
Net Change In Cash -116.0M $103.1M -316.2M
YoY Change -63.32% -561.23% -1108.48%
FREE CASH FLOW
Cash From Operating Activities -$7.908M -$38.48M -$31.15M
Capital Expenditures -$6.729M $34.82M -$7.170M
Free Cash Flow -$1.179M -$73.30M -$23.98M
YoY Change -95.08% 48.12% -959.5%

Facts In Submission

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CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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467000 USD
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CY2020Q4 us-gaap Stockholders Equity
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AmortizationOfIntangibleAssetsAcquired
5078000 USD
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0 USD
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26883000 USD
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AmortizationOfRightOfUseAssetsAndOther
21765000 USD
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0 USD
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3185000 USD
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219000 USD
CY2019 us-gaap Amortization Of Financing Costs
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1909000 USD
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CY2019 us-gaap Capitalized Contract Cost Amortization
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CY2019 us-gaap Provision For Doubtful Accounts
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1754000 USD
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364000 USD
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12950000 USD
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0 USD
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CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
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575000 USD
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0 USD
CY2019 fsly Proceeds From Stock Options Exercised Early
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520000 USD
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361000 USD
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405000 USD
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7380000 USD
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0 USD
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0 USD
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5727000 USD
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CY2021 fsly Cashless Exercise Of Common Stock Warrants
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1557000 USD
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0 USD
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0 USD
CY2019 fsly Initial Public Offering Costs Incurred But Not Yet Paid
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130000 USD
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2034000 USD
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441000 USD
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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23827000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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31529000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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22541000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 USD
CY2021 us-gaap Stock Issued1
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0 USD
CY2020 us-gaap Stock Issued1
StockIssued1
536432000 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2021 fsly Receivable Related To Shares Of Restricted Stock
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10655000 USD
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0 USD
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0 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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62900000 USD
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6300000 USD
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16142000 USD
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CY2020Q4 us-gaap Restricted Cash Current
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87000 USD
CY2019Q4 us-gaap Restricted Cash Current
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70087000 USD
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893000 USD
CY2020Q4 us-gaap Restricted Cash Equivalents
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893000 USD
CY2019Q4 us-gaap Restricted Cash Equivalents
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0 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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166961000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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63880000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Nature Of Operations
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Nature of Business<div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fastly, Inc. has built an edge cloud platform that can process, serve, and secure its customer’s applications as close to their end users as possible. As of December 31, 2021, our edge network spans across 71 markets. We were incorporated in Delaware in 2011 and are headquartered in San Francisco, California.</span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As used herein, "Fastly," "we," "our," "the Company," and similar terms include Fastly, Inc. and its subsidiaries, unless the context indicates otherwise.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Initial Public Offering ("IPO")</span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 21, 2019 we completed an IPO in which we sold 12,937,500 shares of our newly authorized Class A common stock, which included 1,687,500 shares sold pursuant to the exercise by the underwriters of an option to purchase additional shares, at the public offering price of $16.00 per share. We received net proceeds of $192.5 million, after deducting underwriting discounts and commissions, from sales of our shares in the IPO. The net proceeds include additional proceeds of $25.1 million, net of underwriters' discounts and commissions, from the exercise of the underwriters' option to purchase an additional 1,687,500 shares of our Class A common stock. Prior to the closing of the IPO, all shares of common stock then outstanding were reclassified as Class B common stock. </span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Immediately upon the closing of the IPO, all shares of convertible preferred stock then outstanding were converted into 53,630,213 shares of Class B common stock on a one-to-one basis. Prior to the IPO, we had seven outstanding series of convertible preferred stock each with a par value of $0.00002 per share, convertible at the option of the holder, that was classified as temporary equity on our consolidated balance sheet. On May 17, 2019, immediately upon closing of the IPO, our convertible preferred stock was automatically converted to shares of our Class B common stock. As of both December 31, 2021 and 2020, we had zero convertible preferred stock issued or outstanding.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Follow-on Public Offering</span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 26, 2020, we completed a follow-on public offering in which we sold 6,900,000 shares of Class A common stock, which included 900,000 shares sold pursuant to the exercise by the underwriters of an option to purchase additional shares, at the public offering price of $41.50 per share. We received net proceeds of $274.9 million, after deducting underwriting discounts and commissions, from sales of our shares in the public offering.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Conversion of Dual Class Common Stock Structure</span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 12, 2020, the outstanding shares of our Class B common stock represented less than 10% of the aggregate number of shares of the then outstanding Class A common stock and Class B common stock. As a result, all our outstanding shares of Class B common stock automatically converted into the same number of shares of Class A common stock on July 12, 2021, pursuant to the terms of our amended and restated certificate of incorporation (the "Certificate"). Upon the conversion outstanding options denominated in shares of Class B common stock issued under any of our equity incentive plans remained unchanged, except that they now represent the right to receive shares of Class A common stock. In accordance with the Certificate, the shares of Class B common stock that converted to Class A common stock were retired and will not be reissued by us.</span></div>
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of our consolidated financial statements requires us to make estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and related disclosures. Actual results and outcomes could differ significantly from our estimates, judgments, and assumptions. Significant estimates, judgments, and assumptions used in these financial statements include, but are not limited to, those related to revenue, accounts receivable and related reserves, fair value of assets acquired and liabilities assumed for business combinations, useful lives and realizability of long-lived assets including our goodwill and intangible assets, income tax reserves, and accounting for stock-based compensation. Estimates are periodically reviewed in light of changes in circumstances, facts, and experience. The effects of material revisions in estimates are reflected in the consolidated financial statements in the period of change and prospectively from the date of the change in estimate.</span></div><div style="text-indent:27pt"><span><br/></span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ongoing global COVID-19 pandemic has adversely impacted many operational aspects of our business and may continue to do so in the future. Since the start of the global pandemic, we have assessed the impact that COVID-19 had on our results of operations, including, but not limited to an assessment of our allowance for credit losses, the carrying value of short-term and long-term marketable securities, the carrying value of goodwill and other long-lived assets, and the impact to revenue recognition and cost of revenues. The future impacts of the pandemic and any resulting economic impact are largely unknown and continuing to evolve. We will continue to actively monitor the impact that COVID-19 has on the results of our business operations, and may make decisions required by federal, state or local authorities, or that are determined to be in the best interests of our employees, customers, partners, suppliers and stockholders. As a result, our estimates and judgments may change materially as new events occur or additional information becomes available to us.</span></div>
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to significant concentration of credit risk consist primarily of cash, cash equivalents, marketable securities, and accounts receivable. The primary focus of our investment strategy is to preserve capital and meet liquidity requirements. Our investment policy addresses the level of credit exposure by limiting the concentration in any one corporate issuer or sector and establishing a minimum allowable credit rating. To manage the risk exposure, we invest cash equivalents and marketable securities in a variety of fixed income securities, including government and investment-grade debt securities and money market funds. We place our cash primarily in checking and money market accounts with reputable financial institutions. Deposits held with these financial institutions may exceed the amount of insurance provided on such deposits, if any.</span></div>Concentrations of credit risk with respect to accounts receivable are primarily limited to certain customers from which we generate significant revenue. Our customer base consists of a large number of geographically dispersed customers diversified across several industries. To reduce this risk, we routinely assess the financial strength of our customers. Based on such assessments, we believe that our accounts receivable credit risk exposure is limited.
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5813000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
85078000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
45771000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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9693000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2353000 USD
CY2021Q4 us-gaap Operating Lease Liability
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75385000 USD
CY2021Q4 us-gaap Finance Lease Liability
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43418000 USD
CY2020Q4 us-gaap Goodwill
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635590000 USD
CY2019Q4 us-gaap Goodwill
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372000 USD
CY2021 us-gaap Goodwill Acquired During Period
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1169000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
635204000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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46000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
14000 USD
CY2021Q4 us-gaap Goodwill
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636805000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
635590000 USD
CY2021 us-gaap Goodwill Acquired During Period
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1200000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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129491000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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26895000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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102596000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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127398000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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5656000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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121742000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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21200000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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5300000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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20974000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19874000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19040000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16561000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9065000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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16714000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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102228000 USD
CY2020Q4 us-gaap Line Of Credit
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20300000 USD
CY2020Q4 fsly Cash Collateral For Line Of Credit
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70100000 USD
CY2021 us-gaap Interest Expense Debt
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3500000 USD
CY2020 us-gaap Interest Expense Debt
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900000 USD
CY2019 us-gaap Interest Expense Debt
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5200000 USD
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.0039
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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948750000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
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15545000 USD
CY2021Q4 us-gaap Long Term Debt Current
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0 USD
CY2021Q4 us-gaap Long Term Debt
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933205000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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49056000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Second Year
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20147000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Third Year
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3769000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Fourth Year
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169000 USD
CY2021Q4 us-gaap Purchase Obligation Due In Fifth Year
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160000 USD
CY2021Q4 us-gaap Purchase Obligation Due After Fifth Year
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82000 USD
CY2021Q4 us-gaap Purchase Obligation
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73383000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
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7500000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
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6300000 USD
CY2020Q3 fsly Loss Contingency Pending Claims Number Consolidated
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2 lawsuit
CY2020Q3 us-gaap Loss Contingency Pending Claims Number
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1 lawsuit
CY2019Q2 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.00002
CY2021Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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12210000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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2.96
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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64590000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2516000 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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10.87
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2650000 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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2.45
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
807000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
5.10
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11269000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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4.68
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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173471000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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252000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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12.96
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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4360000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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3.46
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
198000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
8.79
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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6963000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.63
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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569094000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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200900000 USD
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2188000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.77
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
406000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.10
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4369000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.07
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M6D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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132721000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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3579000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
4.10
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
112280000 USD
CY2021Q4 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Unvested Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedExercisableNumber
134000 shares
CY2021Q4 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Unvested Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedExercisableWeightedAverageExercisePrice
6.70
CY2021 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Unvested Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedExercisableWeightedAverageRemainingContractualTerm
P6Y10M24D
CY2021Q4 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Unvested Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedExercisableAggregateIntrinsicValue
3834000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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64900000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
32600000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6900000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
10300000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6100000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
86.77
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.77
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
9400000 USD
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
91000 shares
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
200000 shares
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
245000 shares
CY2021 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Exercised Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedExercisedNumberOfShares
0 shares
CY2020 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Exercised Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedExercisedNumberOfShares
0 shares
CY2021 fsly Amount Withheld In Contributions For Employee Stock Purchase Plan
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8100000 USD
CY2020 fsly Amount Withheld In Contributions For Employee Stock Purchase Plan
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9600000 USD
CY2019 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Exercised Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedExercisedNumberOfShares
117000 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
91000 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
109000 shares
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
162000 shares
CY2021 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Repurchased In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedRepurchasedInPeriod
0 shares
CY2020 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Repurchased In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedRepurchasedInPeriod
0 shares
CY2019 fsly Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Repurchased In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedRepurchasedInPeriod
0 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
91000 shares
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
200000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.58
CY2021Q1 fsly Number Of Shares Issued For Each Performance Based Stock Unit
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1
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019 fsly Amount Withheld In Contributions For Employee Stock Purchase Plan
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5500000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y4M24D
CY2021 us-gaap Allocated Share Based Compensation Expense
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140488000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64433000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12145000 USD
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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4400000 USD
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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400000 USD
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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19341000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12471000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13540000 shares
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-224159000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-86842000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-30970000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1531000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-20570000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-20088000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-222628000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-107412000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-51058000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
420000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
106000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
322000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1050000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
386000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-253000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-10631000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2319000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
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