Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 0

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. Financial Statements

ATLASSIAN CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

(Unaudited)

December 31, 2024June 30, 2024AssetsCurrent assets:Cash and cash equivalents$2,217,604 $2,176,930 Marketable securities251,629 161,973 Accounts receivable, net695,661 628,049 Prepaid expenses and other current assets156,806 109,312 Total current assets3,321,700 3,076,264 Non-current assets:Property and equipment, net85,443 86,315 Operating lease right-of-use assets172,905 172,468 Strategic investments222,299 223,221 Intangible assets, net272,578 299,057 Goodwill1,292,187 1,288,756 Deferred tax assets6,881 3,934 Other non-current assets72,312 62,118 Total assets$5,446,305 $5,212,133 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$190,550 $177,545 Accrued expenses and other current liabilities531,283 577,359 Deferred revenue, current portion1,914,090 1,806,269 Operating lease liabilities, current portion48,644 48,953 Total current liabilities2,684,567 2,610,126 Non-current liabilities:Deferred revenue, net of current portion282,155 308,467 Operating lease liabilities, net of current portion209,097 214,474 Long-term debt986,785 985,911 Deferred tax liabilities20,054 20,387 Other non-current liabilities44,092 39,917 Total liabilities4,226,750 4,179,282 Commitments and contingencies (Note 11)Stockholders’ equityClass A Common Stock, $0.00001 par value; 750,000,000 shares authorized, 163,081,602 and 159,544,123 issued and outstanding at December 31, 2024 and June 30, 2024, respectively 2 2 Class B Common Stock, 0.00001 par value; 230,000,000 shares authorized, 98,977,705 and 101,012,