Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 255

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 255
---
$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 $48,170 Gross unrealized gains (losses) recognized in other comprehensive income (loss)5,676 (12,979)(34,176)(3,636)Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive income (loss) into profit or loss:Recognized in cost of revenues1,203 (152)1,192 824 Recognized in research and development5,977 942 3,488 6,144 Recognized in marketing and sales505 (159)514 742 Recognized in general and administrative1,213 (327)885 1,452 Recognized in interest expense(6,337)(7,506)(20,357)(22,571)Ending balance of accumulated gains (losses) in accumulated other comprehensive income (loss)$(7,030)$31,125 $(7,030)$31,125 

6. Property and EquipmentProperty and equipment, net consisted of the following (in thousands):March 31, 2025June 30, 2024Equipment$13,306 $11,200 Computer hardware and software52,157 40,824 Furniture and fittings24,756 25,172 Leasehold improvements and other152,277 137,944 Property and equipment, gross242,496 215,140