Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 133

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 133
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 securities— 176,661 176,661 Agency securities— 3,216 3,216 Certificates of deposit and time deposits— 10,000 10,000 Commercial paper— 19,697 19,697 Corporate debt securities— 214,694 214,694 Derivative financial instruments— 23,234 23,234 Total assets measured at fair value$1,774,138 $447,884 $2,222,022 Liabilities measured at fair valueDerivative financial instruments$— $2,445 $2,445 Total liabilities measured at fair value$— $2,445 $2,445 The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2024, by level within the fair value hierarchy (in thousands):Level 1Level 2TotalAssets measured at fair valueCash and cash equivalents:Money market funds$1,563,234 $— $1,563,234 Marketable securities:U.S. treasury securities— 52,517 52,517 Agency securities— 3,199 3,199 Certificates of deposit and time deposits— 10,000 10,000 Commercial paper— 20,010 20,010 Corporate debt securities— 76,247 76,247 Derivative financial instruments— 9,292 9,292 Total assets measured at fair value$1,563,234 $171,265 $1,734,499 Liabilities measured at fair valueDerivative financial instruments$— $1,701 $1,701 Total liabilities measured at fair value$— $1,701 $1,701 Due to the short-term nature of accounts receivables, net, contract assets, accounts payable, accrued expenses, and other current liabilities, their carrying amount is assumed to approximate their fair value.Determination of Fair ValueThe Company uses quoted prices in active markets for identical assets to determine the fair value of the Company’s Level 1 investments. The fair value of the Company’s Level 2 investments is determined based on quoted market prices or alternative market observable inputs.

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Strategic Investments Measured and Recorded at Fair Value on a Non-Recurring BasisThe Company’s investments in privately held companies are not included in the tables above and are discussed in Note 4, “Investments.”