Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 102

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 7
Chunk 102
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 cash flows from operating activities, investing activities, and financing activities for fiscal years 2025 and 2024 were as follows:

 Fiscal Year Ended June 30, (in thousands)20252024Net cash provided by operating activities$1,460,393 $1,448,159 Net cash used in investing activities(342,322)(963,746)Net cash used in financing activities(782,582)(408,217)Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash151 (1,989)Net increase in cash, cash equivalents, and restricted cash$335,640 $74,207 

Our primary source of cash is collections from our customers. Our primary uses of cash from operating activities are general business expenses, including employment expenses, cloud platform and other infrastructure services, income taxes, professional services fees, marketing expenses, software expenses, and facility expenses.

Net cash provided by operating activities increased by $12.2 million for fiscal year 2025, compared to fiscal year 2024. The net increase was primarily attributable to an increase in cash received from customers, partially offset by an increase in cash paid to suppliers and employees.

Net cash used in investing activities decreased by $621.4 million for fiscal year 2025, compared to fiscal year 2024. The net decrease was primarily attributable to a decrease in cash consideration paid for acquisitions, net of cash acquired, of approximately $833.5 million, partially offset by an increase in net outflows of $170.0 million related to marketable securities activity, and an increase in net outflows of $30.4 million related to strategic investment activity.

Net cash used in financing activities increased by $374.4 million for fiscal year 2025, compared to fiscal year 2024. The net cash used in financing activities was primarily attributable to an increase in repurchases of Class A Common Stock of $384.2 million, a decrease in proceeds from issuance of The Notes, net of issuance costs of $987.0 million, offset by a decrease in principal payments on our Term Loan of $1.0 billion.

Material Cash Requirements

Debt

 57 

As of June 30, 2025, we had $500.0 million aggregate principal amount of 5.250% senior notes due 2029 (the “2029 Notes”) and $500.0 million aggregate principal amount of 5.500% senior notes due 2034 (the “2034 Notes