Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 15

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2024 (in thousands):Notional Amounts of Derivative InstrumentsNotional Amount by Term to MaturityClassification by Notional AmountUnder 12 monthsOver 12 monthsTotalCash Flow HedgeNon HedgeTotalForward contracts$837,182 $71,701$908,883$651,303$257,580 $908,883The fair value of the Company’s derivative instruments were as follows (in thousands):Balance Sheet LocationMarch 31, 2025June 30, 2024Derivative assetsDerivatives designated as hedging instruments:Foreign exchange forward contractsPrepaid expenses and other current assets$895 $8,255 Foreign exchange forward contractsOther non-current assets596 867 Derivatives not designated as hedging instruments:Foreign exchange forward contractsPrepaid expenses and other current assets3,703 170 Total derivative assets$5,194 $9,292 Derivative liabilitiesDerivatives designated as hedging instruments:Foreign exchange forward contractsAccrued expenses and other current liabilities$21,454 $1,197 Foreign exchange forward contractsOther non-current liabilities216 7 Derivatives not designated as hedging instruments:Foreign exchange forward contractsAccrued expenses and other current liabilities1,848 497 Total derivative liabilities$23,518 $1,701 

14

The pre-tax effects of derivatives designated as cash flow hedging instruments on the condensed consolidated financial statements were as follows (in thousands):Three Months Ended March 31,Nine Months Ended March 31,2025202420252024Beginning balance of accumulated gains (losses) in accumulated other comprehensive income (loss)$(15,267)$51,306 $41,424 $48,170 Gross unrealized gains (losses) recognized in other comprehensive income (loss)5,676 (12,979)(34,176)(3,636)Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive income (loss) into profit or loss:Recognized in cost of revenues1,203 (152)1,192 824 Recognized in research and development5,977 942 3,488 6,144 Recognized in marketing and sales505 (159)514 742 Recognized in general and administrative1,213 (327)885 1,452 Recognized