Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 48

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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26%24%24%23%Net incomeGAAP net loss$(38,208)$(84,469)$(161,977)$(116,352)Plus: Stock-based compensation378,730 289,845 664,876 525,426 Plus: Amortization of acquired intangible assets13,896 9,861 27,778 18,092 Less: Gain on a non-cash sale of a controlling interest of a subsidiary— — — (1,378)Adjustment for: Income tax (1)(98,791)(25,731)(75,350)(67,302)Non-GAAP net income$255,627 $189,506 $455,327 $358,486 Net income per shareGAAP net loss per share - diluted$(0.15)$(0.33)$(0.62)$(0.45)Plus: Stock-based compensation1.43 1.12 2.53 2.03 Plus: Amortization of acquired intangible assets0.05 0.04 0.11 0.07 Less: Gain on a non-cash sale of a controlling interest of a subsidiary— — — (0.01)Adjustment for: Income tax (1)(0.37)(0.10)(0.29)(0.26)Non-GAAP net income per share - diluted$0.96 $0.73 $1.73 $1.38 Weighted-average diluted shares outstandingWeighted-average shares used in computing diluted GAAP net loss per share261,147 258,601 260,812 258,254 Plus: Dilution from dilutive securities (2)4,546 1,051 2,422 1,030 Weighted-average shares used in computing diluted non-GAAP net income per share265,693 259,652 263,234 259,284 Free cash flowGAAP net cash provided by operating activities$351,905 $289,594 $432,397 $456,550 Less: Capital expenditures(9,336)(5,333)(15,487)(9,002)Free cash flow$342,569 $284,261 $416,910 $447,548 

38

(1) We utilize a fixed long-term projected non-GAAP tax rate in our computation of the non-G