Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 113

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 113
---
 in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Ernst & Young LLP

San Francisco, California

August 15, 2025

65

ATLASSIAN CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)June 30,20252024AssetsCurrent assets:Cash and cash equivalents$2,512,874 $2,176,930 Marketable securities424,268 161,973 Accounts receivable, net778,302 628,049 Prepaid expenses and other current assets175,793 109,312 Total current assets3,891,237 3,076,264 Non-current assets:Property and equipment, net105,118 86,315 Operating lease right-of-use assets169,127 172,468 Strategic investments221,942 223,221 Intangible assets, net244,840 299,057 Goodwill1,304,445 1,288,756 Deferred tax assets3,762 3,934 Other non-current assets101,499 62,118 Total assets$6,041,970 $5,212,133 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$222,092 $177,545 Accrued expenses and other current liabilities681,601 577,359 Deferred revenue, current portion2,227,002 1,806,269 Operating lease liabilities, current portion50,164 48,953 Total current liabilities3