2024 Q1 Form 10-K Financial Statement

#000151741324000048 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $133.5M $137.8M $506.0M
YoY Change 13.57% 15.47% 16.93%
Cost Of Revenue $60.29M $62.00M $239.7M
YoY Change 5.19% 9.28% 7.5%
Gross Profit $73.23M $75.77M $266.3M
YoY Change 21.54% 21.08% 26.96%
Gross Profit Margin 54.85% 55.0% 52.64%
Selling, General & Admin $76.65M $80.09M $307.9M
YoY Change 9.34% 8.45% 2.39%
% of Gross Profit 104.66% 105.69% 115.59%
Research & Development $38.25M $38.27M $152.2M
YoY Change 2.18% 2.88% -2.01%
% of Gross Profit 52.23% 50.51% 57.14%
Depreciation & Amortization $18.18M $18.48M $72.03M
YoY Change 51.47% 8.98% 69.08%
% of Gross Profit 24.82% 24.38% 27.04%
Operating Expenses $119.5M $118.4M $460.0M
YoY Change 11.13% 6.59% 0.89%
Operating Profit -$46.26M -$42.58M -$193.7M
YoY Change -2.15% -12.13% -21.32%
Interest Expense $3.269M $3.840M $14.14M
YoY Change 169.5% 149.35% 140.11%
% of Operating Profit
Other Income/Expense, Net -$89.00K -$763.0K -$1.832M
YoY Change -64.4% -1758.7% 6217.24%
Pretax Income -$43.08M -$23.85M -$133.3M
YoY Change -3.3% -49.12% -30.09%
Income Tax $347.0K -$465.0K -$221.0K
% Of Pretax Income
Net Earnings -$43.43M -$23.39M -$133.1M
YoY Change -2.82% -49.87% -30.24%
Net Earnings / Revenue -32.52% -16.97% -26.3%
Basic Earnings Per Share -$0.32 -$1.03
Diluted Earnings Per Share -$0.32 -$0.18 -$1.03
COMMON SHARES
Basic Shares Outstanding 134.2M shares 130.8M shares 128.8M shares
Diluted Shares Outstanding 134.6M shares 128.8M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $329.5M $328.8M $322.7M
YoY Change -39.72% -36.52% -37.7%
Cash & Equivalents $124.4M $107.9M $21.17M
Short-Term Investments $185.4M $220.9M $280.3M
Other Short-Term Assets $23.21M $20.46M $20.46M
YoY Change -21.91% -29.3% -29.3%
Inventory
Prepaid Expenses
Receivables $107.5M $120.5M $120.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $460.2M $463.7M $463.7M
YoY Change -30.44% -27.15% -27.15%
LONG-TERM ASSETS
Property, Plant & Equipment $252.5M $231.8M $231.8M
YoY Change 40.33% -6.83% -6.83%
Goodwill $670.4M $670.4M
YoY Change 0.03% 0.03%
Intangibles $57.58M $62.48M
YoY Change -25.92% -24.64%
Long-Term Investments $1.743M $6.088M $6.088M
YoY Change -98.52% -96.31% -96.31%
Other Assets $63.56M $90.78M $90.16M
YoY Change -32.95% -1.99% -2.66%
Total Long-Term Assets $1.046B $1.062B $1.062B
YoY Change -12.91% -15.73% -15.73%
TOTAL ASSETS
Total Short-Term Assets $460.2M $463.7M $463.7M
Total Long-Term Assets $1.046B $1.062B $1.062B
Total Assets $1.506B $1.525B $1.525B
YoY Change -19.14% -19.56% -19.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.485M $5.611M $5.611M
YoY Change 17.5% 17.24% 17.24%
Accrued Expenses $55.52M $61.82M $83.19M
YoY Change 31.23% 1.07% -1.19%
Deferred Revenue $38.24M $33.82M
YoY Change 55.45% 20.6%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.97M $15.68M $15.68M
YoY Change -51.65% -45.83% -45.83%
Total Short-Term Liabilities $120.2M $147.7M $147.7M
YoY Change -3.97% -3.04% -3.04%
LONG-TERM LIABILITIES
Long-Term Debt $344.3M $343.5M $345.1M
YoY Change -51.19% -51.26% -52.08%
Other Long-Term Liabilities $49.61M $4.416M $52.90M
YoY Change 707.5% -37.59% -22.68%
Total Long-Term Liabilities $393.9M $347.9M $398.0M
YoY Change -44.64% -51.12% -49.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.2M $147.7M $147.7M
Total Long-Term Liabilities $393.9M $347.9M $398.0M
Total Liabilities $514.1M $545.7M $545.7M
YoY Change -43.12% -42.01% -42.01%
SHAREHOLDERS EQUITY
Retained Earnings -$878.2M -$834.8M
YoY Change 17.66% 18.97%
Common Stock $3.000K $3.000K
YoY Change 50.0% 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $991.8M $979.5M $979.5M
YoY Change
Total Liabilities & Shareholders Equity $1.506B $1.525B $1.525B
YoY Change -19.14% -19.56% -19.56%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$43.43M -$23.39M -$133.1M
YoY Change -2.82% -49.87% -30.24%
Depreciation, Depletion And Amortization $18.18M $18.48M $72.03M
YoY Change 51.47% 8.98% 69.08%
Cash From Operating Activities $11.13M -$7.378M $362.0K
YoY Change -225.63% -39.17% -100.52%
INVESTING ACTIVITIES
Capital Expenditures $8.448M $8.598M $32.27M
YoY Change 141.79% -63.79% 61.54%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $42.13M -$28.65M $327.2M
YoY Change -81.46% -129.74% 3.52%
Cash From Investing Activities $33.68M -$37.25M $294.9M
YoY Change -84.66% -151.31% 25.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.73M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.880M -117.8M -331.4M
YoY Change -67.09% 2250.96% 75.2%
NET CHANGE
Cash From Operating Activities 11.13M -7.378M 362.0K
Cash From Investing Activities 33.68M -37.25M 294.9M
Cash From Financing Activities -1.880M -117.8M -331.4M
Net Change In Cash 42.94M -162.5M -36.08M
YoY Change -79.06% -392.95% 54.05%
FREE CASH FLOW
Cash From Operating Activities $11.13M -$7.378M $362.0K
Capital Expenditures $8.448M $8.598M $32.27M
Free Cash Flow $2.684M -$15.98M -$31.91M
YoY Change -121.72% -55.46% -64.39%

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CY2023 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, 2023, the Company’s edge network spans across 79 markets around the world. The Company was incorporated in Delaware in 2011 and is 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,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fastly,” “the Company,”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">“its” 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%">Conversion of Dual Class Common Stock Structure</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 12, 2021, all outstanding shares of Class B common stock automatically converted into the same number of shares of Class A common stock (the “Conversion”) pursuant to the terms of the Company’s 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 the Company’s equity incentive plans remained unchanged, except that such options now represent the right to receive shares of Class A common stock on exercise. 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 the Company.</span>
CY2023Q4 fsly Operating Markets
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain changes to presentation have been made to conform the prior period presentation to the current period reporting. The Company has made certain presentation changes to consolidate the interest paid on finance lease line into other liabilities working capital changes and components of the non-cash lease expense related to operating lease liability changes into operating lease liability working capital changes within operating cash flows in the consolidated statements of cash flows. Such reclassifications did not affect the consolidated balance sheets, total revenues, operating income, net income, or cash flows from operating, investing or financing activities.
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<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="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 preparation of consolidated financial statements in conformity with GAAP requires management 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 the Company’s 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, internal-use software development costs, the incremental borrowing rate related to the Company’s lease liabilities,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">fair value of assets acquired and liabilities assumed during business combinations, useful lives of acquired intangible assets and property and equipment, fair value of the Company’s long-lived assets as well as reporting unit, 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>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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 the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities and accounts receivable. </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 Company’s cash, cash equivalents, and marketable securities primarily consisted of bank deposits, money market funds, investment-grade commercial paper, corporate notes and bonds, U.S. treasury securities, agency bonds, municipal securities, foreign government and supranational securities and asset-backed securities held at major financial institutions that </span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Company believes to be of high credit standing. The primary focus of its investment strategy is to preserve capital and meet liquidity requirements. The Company’s investment policy limits the amount of credit exposure with any one financial institution or commercial issuer. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company is exposed to credit risk in the event of default by the financial institutions holding its cash and cash equivalents to the extent recorded in the balance sheets. While the Company has not experienced any losses in such accounts and the Company has historically maintained its cash in multiple financial institutions, the failure of Silicon Valley Bank (“SVB”) in March 2023, at which the Company held cash and cash equivalents in multiple accounts, exposed the Company to limited credit risk prior to the completion by the Federal Deposit Insurance Corporation (“FDIC”) of the resolution of SVB in a manner that fully protected all depositors.</span></div>Concentrations of credit risk with respect to accounts receivable are primarily limited to certain customers to which the Company makes substantial sales. The Company’s customer base consists of a large number of geographically dispersed customers diversified across several industries
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
4600000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
2500000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
2300000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
86652000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
220887000 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
505988000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
432725000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
354330000 usd
CY2023Q4 fsly Enterprise Customer Threshold
EnterpriseCustomerThreshold
100000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
539686000 usd
CY2023Q4 fsly Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
328808000 usd
CY2022Q4 fsly Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
683077000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
287307000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
23000 usd
CY2023Q4 fsly Enterprise Customer Threshold
EnterpriseCustomerThreshold
100000 usd
CY2023 us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
The Company’s payment terms and conditions vary by contract type, and generally range from 30 to 90 days.
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
621000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
19000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
38150000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30544000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
28616000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26274000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
235700000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.80
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
61981000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
50523000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
15500000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
8900000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
6300000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107921000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
143391000 usd
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
214799000 usd
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
374581000 usd
CY2023Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
6088000 usd
CY2022Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
165105000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
220887000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
957000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
286373000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
548333000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
307689000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
96875000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
539686000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8647000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
539686000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
28 security
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
76 security
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
636711000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5029000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3311000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3248000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2025000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2406000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
196000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
688000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
133000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7054000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5029000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3311000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
333911000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
302839000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
157303000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
122461000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
176608000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
180378000 usd
CY2023 fsly Asset Impairment Charges Excluding Operating Lease Impairment
AssetImpairmentChargesExcludingOperatingLeaseImpairment
4300000 usd
CY2021 fsly Asset Impairment Charges Excluding Operating Lease Impairment
AssetImpairmentChargesExcludingOperatingLeaseImpairment
0 usd
CY2022 fsly Asset Impairment Charges Excluding Operating Lease Impairment
AssetImpairmentChargesExcludingOperatingLeaseImpairment
0 usd
CY2023 us-gaap Depreciation
Depreciation
51600000 usd
CY2022 us-gaap Depreciation
Depreciation
42600000 usd
CY2021 us-gaap Depreciation
Depreciation
28800000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
61981000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
50523000 usd
CY2023Q4 fsly Advances On Property And Equipment
AdvancesOnPropertyAndEquipment
24509000 usd
CY2022Q4 fsly Advances On Property And Equipment
AdvancesOnPropertyAndEquipment
37013000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4289000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5086000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
90779000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
92622000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14918000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20204000 usd
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
24614000 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
15818000 usd
CY2023Q4 fsly Accrued Colocation And Bandwidth Costs
AccruedColocationAndBandwidthCosts
14362000 usd
CY2022Q4 fsly Accrued Colocation And Bandwidth Costs
AccruedColocationAndBandwidthCosts
10448000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4344000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8698000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3580000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5993000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
61818000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
61161000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33824000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28047000 usd
CY2023Q4 fsly Accrued Computer And Networking Equipment
AccruedComputerAndNetworkingEquipment
1673000 usd
CY2022Q4 fsly Accrued Computer And Networking Equipment
AccruedComputerAndNetworkingEquipment
1467000 usd
CY2023Q4 fsly Business Combination Consideration Transferred Holdback Current
BusinessCombinationConsiderationTransferredHoldbackCurrent
3771000 usd
CY2022Q4 fsly Business Combination Consideration Transferred Holdback Current
BusinessCombinationConsiderationTransferredHoldbackCurrent
4013000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1271000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
867000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
40539000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
34394000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2633000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6659000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8278000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1200000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
900000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
1000000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
26996000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
30976000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
26716000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
15112000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
11736000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
6820000 usd
CY2023 fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
42108000 usd
CY2022 fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
42712000 usd
CY2021 fsly Operating Variable And Short Term Lease Costs
OperatingVariableAndShortTermLeaseCosts
33536000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14391000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14539000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6834000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1328000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2381000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1754000 usd
CY2023 fsly Finance Lease Cost
FinanceLeaseCost
15719000 usd
CY2022 fsly Finance Lease Cost
FinanceLeaseCost
16920000 usd
CY2021 fsly Finance Lease Cost
FinanceLeaseCost
8588000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
700000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2100000 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y5M23D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M2D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M28D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M26D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M23D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0603
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0536
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0520
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0467
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0473
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0486
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
82900000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21700000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21200000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28160000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
16064000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20868000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1617000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18896000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10502000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2446000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1838000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
82710000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
17681000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7905000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
395000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
74805000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
17286000 usd
CY2023Q4 fsly Lessee Operating Lease Lease Not Yet Commenced Commitment Amount
LesseeOperatingLeaseLeaseNotYetCommencedCommitmentAmount
2300000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
670185000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
636805000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
33419000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
171000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-39000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
670356000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
670185000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
128884000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
66409000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
62475000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
131084000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48184000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19599000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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Files In Submission

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