Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 364

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 2
Chunk 364
---
.2 billion, marketable securities totaling $251.6 million and accounts receivables totaling $695.7 million. Since our inception, we have primarily financed our operations through cash flows generated by operations and corporate debt.

35

Our cash flows from operating activities, investing activities, and financing activities for the periods presented were as follows (in thousands): Six Months Ended December 31, 20242023Net cash provided by operating activities$432,397 $456,550 Net cash used in investing activities(130,394)(919,333)Net cash used in financing activities(255,994)(180,152)Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash(5,492)783 Net increase (decrease) in cash, cash equivalents, and restricted cash$40,517 $(642,152)

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 decreased by $24.2 million for the six months ended December 31, 2024, compared to the six months ended December 31, 2023. The net decrease was primarily attributable to an increase in cash paid to employees and vendors, partially offset by an increase in cash received from customers. 

Net cash used in investing activities decreased by $788.9 million during the six months ended December 31, 2024, compared to the six months ended December 31, 2023. The net decrease was primarily attributable to a decrease in cash consideration paid for acquisitions, net of cash acquired of approximately $839.8 million, partially offset by an increase in net outflows of $37.1 million related to strategic investment activity.

Net cash used in financing activities increased by $75.8 million for the six months ended December 31, 2024, compared to the six months ended December 31, 2023. The net increase was primarily attributable to an increase in repurchases of Class A Common Stock of $85.2 million.

Material Cash Requirements

Debt

As of December 31, 2024, 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