Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 44

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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2025, the global minimum tax does not have a significant impact on our financial statements. As additional jurisdictions enact legislation, transitional rules lapse, and other provisions of the global minimum tax legislation become effective, our effective tax rate and cash tax payments may increase in future years.

Liquidity and Capital Resources

As of March 31, 2025, we had cash and cash equivalents totaling $2.7 billion, marketable securities totaling $313.6 million and accounts receivables totaling $642.0 million. Since our inception, we have primarily financed our operations through cash flows generated by operations and corporate debt.

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Our cash flows from operating activities, investing activities, and financing activities for the periods presented were as follows (in thousands): Nine Months Ended March 31, 20252024Net cash provided by operating activities$1,085,078 $1,021,940 Net cash used in investing activities(207,364)(945,647)Net cash used in financing activities(390,299)(228,029)Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash(3,709)(1,986)Net increase (decrease) in cash, cash equivalents, and restricted cash$483,706 $(153,722)

Our primary source of cash is through 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 $63.1 million for the nine months ended March 31, 2025, compared to the nine months ended March 31, 2024. The net increase was primarily attributable to an increase in cash received from customers, a decrease in cash paid for income taxes, partially offset by an increase in cash paid to employees and vendors. 

Net cash used in investing activities decreased by $738.3 million during the nine months ended March 31, 2025, compared to the nine months ended March 31, 2024. The net decrease was primarily attributable to a decrease in cash consideration paid for acquisitions, net of cash acquired of approximately $838.8 million, partially offset by an increase in net outflows of $90.2 million related to our strategic investment and marketable security activity.

Net cash used in financing activities increased by $162.3 million for the nine months ended March 31, 2025, compared