Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 138

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 138
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 contracts were deferred and amortized as adjustments to interest expense over the remaining period of the debt originally covered by the terminated swap contracts. The fair value of the Company’s derivative instruments were as follows (in thousands):

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As of June 30,Balance Sheet Location20252024Derivative assetsDerivatives designated as hedging instruments:Foreign exchange forward contractsPrepaid expenses and other current assets$16,210 $8,255 Foreign exchange forward contractsOther non-current assets3,715 867 Derivatives not designated as hedging instruments:Foreign exchange forward contractsPrepaid expenses and other current assets3,309 170 Total derivative assets$23,234 $9,292 Derivative liabilitiesDerivatives designated as hedging instruments:Foreign exchange forward contractsAccrued expenses and other current liabilities$2,409 $1,197 Foreign exchange forward contractsOther non-current liabilities— 7 Derivatives not designated as hedging instruments:Foreign exchange forward contractsAccrued expenses and other current liabilities36 497 Total derivative liabilities$2,445 $1,701 The pre-tax effects of derivatives designated as cash flow hedging instruments on the consolidated financial statements were as follows (in thousands):Fiscal Year Ended June 30,202520242023Beginning balance of accumulated gains (losses) in accumulated other comprehensive income$41,424 $48,170 $24,502 Gross unrealized gains (losses) recognized in other comprehensive income (loss)(1,897)10,826 17,952 Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive income (loss) into profit or loss:Recognized in cost of revenues1,447 1,072 1,831 Recognized in research and development7,194 7,718 16,890 Recognized in marketing and sales1,027 1,264 1,337 Recognized in general and administrative1,828 2,320 5,563 Recognized in interest(26,344)(29,946)(19,905)Ending balance of accumulated gains in accumulated other comprehensive income (loss)$24,679 $41,424 $48,170 

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6. Property and EquipmentProperty and equipment, net consisted of the following (in thousands):As of June 30,20252024Equipment$15,008 $11,200 Computer hardware and software58,559