2024 Q2 Form 10-K Financial Statement

#000165037224000036 Filed on August 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024
Revenue $1.132B $4.359B
YoY Change 20.5% 23.31%
Cost Of Revenue $217.5M $803.5M
YoY Change 28.07% 26.78%
Gross Profit $914.1M $3.555B
YoY Change 18.83% 22.55%
Gross Profit Margin 80.78% 81.57%
Selling, General & Admin $388.3M $1.488B
YoY Change 13.18% 8.13%
% of Gross Profit 42.48% 41.86%
Research & Development $589.0M $2.184B
YoY Change 24.02% 16.8%
% of Gross Profit 64.44% 61.44%
Depreciation & Amortization $23.18M $78.74M
YoY Change 51.45% 29.24%
% of Gross Profit 2.54% 2.21%
Operating Expenses $981.0M $3.672B
YoY Change 19.55% 13.13%
Operating Profit -$66.95M -$117.1M
YoY Change 30.4% -66.09%
Interest Expense $19.78M $62.59M
YoY Change 64.32% 107.6%
% of Operating Profit
Other Income/Expense, Net -$6.952M -$30.92M
YoY Change -2.03% -313.2%
Pretax Income -$54.12M -$85.41M
YoY Change 19.08% -72.55%
Income Tax $142.8M $215.1M
% Of Pretax Income
Net Earnings -$196.9M -$300.5M
YoY Change 234.03% -38.26%
Net Earnings / Revenue -17.4% -6.89%
Basic Earnings Per Share -$1.16
Diluted Earnings Per Share -$0.76 -$1.16
COMMON SHARES
Basic Shares Outstanding 259.1M shares
Diluted Shares Outstanding 259.1M shares

Balance Sheet

Concept 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.339B
YoY Change 10.71%
Cash & Equivalents $2.177B
Short-Term Investments $162.0M
Other Short-Term Assets $109.3M
YoY Change -25.2%
Inventory
Prepaid Expenses
Receivables $628.0M
Other Receivables $0.00
Total Short-Term Assets $3.076B
YoY Change 12.42%
LONG-TERM ASSETS
Property, Plant & Equipment $86.32M
YoY Change 6.04%
Goodwill $1.289B
YoY Change 77.22%
Intangibles $299.1M
YoY Change 332.96%
Long-Term Investments $74.51M
YoY Change -12.79%
Other Assets $62.12M
YoY Change -14.97%
Total Long-Term Assets $2.136B
YoY Change 55.86%
TOTAL ASSETS
Total Short-Term Assets $3.076B
Total Long-Term Assets $2.136B
Total Assets $5.212B
YoY Change 26.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.5M
YoY Change 11.46%
Accrued Expenses $577.4M
YoY Change 36.45%
Deferred Revenue $1.806B
YoY Change 32.55%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.610B
YoY Change 28.73%
LONG-TERM LIABILITIES
Long-Term Debt $985.9M
YoY Change 2.48%
Other Long-Term Liabilities $39.92M
YoY Change 28.03%
Total Long-Term Liabilities $1.026B
YoY Change 3.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.610B
Total Long-Term Liabilities $1.026B
Total Liabilities $4.179B
YoY Change 21.06%
SHAREHOLDERS EQUITY
Retained Earnings -$3.205B
YoY Change 27.67%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.033B
YoY Change
Total Liabilities & Shareholders Equity $5.212B
YoY Change 26.92%

Cashflow Statement

Concept 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$196.9M -$300.5M
YoY Change 234.03% -38.26%
Depreciation, Depletion And Amortization $23.18M $78.74M
YoY Change 51.45% 29.24%
Cash From Operating Activities $426.2M $1.448B
YoY Change 56.25% 66.82%
INVESTING ACTIVITIES
Capital Expenditures $13.59M $32.58M
YoY Change 425.73% 27.0%
Acquisitions $847.8M
YoY Change 14579.95%
Other Investing Activities -$4.509M -$930.6M
YoY Change -78.5% -3890.15%
Cash From Investing Activities -$18.10M -$963.7M
YoY Change -23.18% 76509.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $395.3M
YoY Change 163.49%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -180.2M -$408.2M
YoY Change 52.61% 175.04%
NET CHANGE
Cash From Operating Activities 426.2M $1.448B
Cash From Investing Activities -18.10M -$963.7M
Cash From Financing Activities -180.2M -$408.2M
Net Change In Cash 227.9M $74.21M
YoY Change 73.8% -89.64%
FREE CASH FLOW
Cash From Operating Activities $426.2M $1.448B
Capital Expenditures $13.59M $32.58M
Free Cash Flow $412.6M $1.416B
YoY Change 52.72% 68.03%

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<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Description of Business</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Atlassian Corporation (the “Company”) is a global technology company with a mission to unleash the potential of every team. Through a connected portfolio of products with discrete value propositions and built on the Atlassian platform and data model, Atlassian gives all teams the right teamwork foundations so they can plan and track work, align on goals, and unleash knowledge across the organization. Our primary products include Jira for planning and project management, Confluence for content creation and sharing, Jira Service Management for team service, management and support applications, and Loom, which we acquired in November 2023, for asynchronous video collaboration. The Company is the successor parent entity to Atlassian Corporation Plc, which was a public company limited by shares, incorporated under the laws of England and Wales.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year ends on June 30 of each year. References to fiscal year 2024, for example, refer to the fiscal year ended June 30, 2024.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 30, 2022, Atlassian Corporation Plc completed a redomestication, which was approved by the shareholders of Atlassian Corporation Plc, resulting in Atlassian Corporation becoming our publicly traded parent company (the “U.S. Domestication”). Atlassian Corporation Plc’s stockholders and the High Court of Justice of England and Wales approved the scheme of arrangement effecting the U.S. Domestication. Effective after the close of market trading on September 30, 2022, all issued and outstanding ordinary shares of Atlassian Corporation Plc were exchanged on a one-for-one basis for newly issued shares of corresponding common stock of Atlassian Corporation, and all issued and outstanding equity awards of Atlassian Corporation Plc were assumed by Atlassian Corporation and were converted into rights to acquire Atlassian Corporation shares of Class A Common Stock on the same terms. The Class A Common Stock of Atlassian Corporation began trading on October 3, 2022 (the first trading day following the U.S. Domestication), and the Company’s trading symbol on The Nasdaq Global Select Market remained unchanged as “TEAM.”</span></div>
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CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions in the Company’s consolidated financial statements. These estimates are based on information available as of the date of the consolidated financial statements. Such management estimates and assumptions include, but are not limited to the determination of:</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the standalone selling price (“SSP”) of performance obligations for revenue contracts with multiple performance obligations;</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the fair value of assets acquired and liabilities assumed for business combinations; </span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">the recognition, measurement and valuation of current and deferred income taxes and uncertain tax positions. </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Actual results could differ materially from these estimates.</span></div>
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
58700000 usd
CY2024 team Number Of Revenue Categories
NumberOfRevenueCategories
3 revenue_category
CY2024Q2 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P4Y
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1200000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1400000 usd
CY2024 us-gaap Advertising Expense
AdvertisingExpense
100200000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
89500000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
90300000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:27.36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments potentially exposing the Company to credit risk consist primarily of cash, cash equivalents, accounts receivable, derivative contracts and investments. The Company holds cash at financial institutions that management believes are high credit, quality financial institutions and invests in investment grade securities rated A- and above and debt securities. The Company’s derivative contracts expose it to credit risk to the extent that the counterparties may be unable to meet the terms of the arrangement. The Company enters into master netting agreements with select financial institutions to reduce its credit risk and trades with several counterparties to reduce its concentration risk with any single counterparty. The Company does not have significant exposure to counterparty credit risk at this time. In addition, the Company does not require nor is required to post collateral of any kind related to any foreign currency derivatives.</span></div>Credit risk arising from accounts receivable is mitigated to a certain extent due to our large number of customers and their dispersion across various industries and geographies. The Company’s customer base is highly diversified, thereby limiting credit risk. The Company manages credit risk with customers by closely monitoring its receivables and contract assets. The Company continuously monitors outstanding receivables locally to assess whether there is objective evidence that outstanding accounts receivables and contract assets are credit-impaired.
CY2024Q2 team Equity Securities Without Readily Determinable Fair Value And Other Investments
EquitySecuritiesWithoutReadilyDeterminableFairValueAndOtherInvestments
148700000 usd
CY2023Q2 team Equity Securities Without Readily Determinable Fair Value And Other Investments
EquitySecuritiesWithoutReadilyDeterminableFairValueAndOtherInvestments
140100000 usd
CY2024 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
7500000 usd
CY2024 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
5000000.0 usd
CY2023Q2 team Other Long Term Investments Cost
OtherLongTermInvestmentsCost
145320000 usd
CY2023Q2 team Other Long Term Investments Gain Loss
OtherLongTermInvestmentsGainLoss
8697000 usd
CY2023Q2 us-gaap Other Long Term Investments
OtherLongTermInvestments
154017000 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
5900000 usd
CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
5500000 usd
CY2024 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 usd
CY2024 team Equity Securities Without Readily Determinable Fair Value Price Adjustment Annual Amount Including Impairment
EquitySecuritiesWithoutReadilyDeterminableFairValuePriceAdjustmentAnnualAmountIncludingImpairment
-1628000 usd
CY2024 team Debt Securities Available For Sale Without Readily Determinable Fair Value
DebtSecuritiesAvailableForSaleWithoutReadilyDeterminableFairValue
-500000 usd
CY2023 team Debt Securities Available For Sale Without Readily Determinable Fair Value
DebtSecuritiesAvailableForSaleWithoutReadilyDeterminableFairValue
-350000 usd
CY2022 team Debt Securities Available For Sale Without Readily Determinable Fair Value
DebtSecuritiesAvailableForSaleWithoutReadilyDeterminableFairValue
0 usd
CY2022 team Equity Securities Unrealized Gain Loss
EquitySecuritiesUnrealizedGainLoss
-72663000 usd
CY2024 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
515000 usd
CY2023 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
0 usd
CY2022 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
0 usd
CY2024 us-gaap Equity Securities Fv Ni Realized Loss
EquitySecuritiesFvNiRealizedLoss
2546000 usd
CY2023 us-gaap Equity Securities Fv Ni Realized Loss
EquitySecuritiesFvNiRealizedLoss
0 usd
CY2022 us-gaap Equity Securities Fv Ni Realized Loss
EquitySecuritiesFvNiRealizedLoss
0 usd
CY2022 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
0 usd
CY2023 team Strategic Investments Gain Loss
StrategicInvestmentsGainLoss
-19407000 usd
CY2022 team Strategic Investments Gain Loss
StrategicInvestmentsGainLoss
-72663000 usd
CY2023 team Equity Method Investment Foreign Currency Translation Gain Loss
EquityMethodInvestmentForeignCurrencyTranslationGainLoss
3417000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
85436000 usd
CY2024 team Equity Method Investment Share In Losses
EquityMethodInvestmentShareInLosses
-11262000 usd
CY2024 team Equity Method Investment Foreign Currency Translation Gain Loss
EquityMethodInvestmentForeignCurrencyTranslationGainLoss
-336000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
74510000 usd
CY2024Q2 us-gaap Derivative Cost Of Hedge Net Of Cash Received
DerivativeCostOfHedgeNetOfCashReceived
37700000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
9292000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
64210000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1701000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10114000 usd
CY2024 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
-4200000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
215140000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
186997000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
128825000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
105595000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86315000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81402000 usd
CY2024 us-gaap Depreciation
Depreciation
29000000.0 usd
CY2023 us-gaap Depreciation
Depreciation
27800000 usd
CY2022 us-gaap Depreciation
Depreciation
19300000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
722838000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3300000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1073000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
727211000 usd
CY2024 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
561372000 usd
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
173000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
1288756000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
676367000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
398713000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
377310000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
329641000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
299057000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
69072000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49700000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32400000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
55243000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
52705000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
47536000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
45309000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
40076000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
58188000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
299057000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
149046000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
107479000 usd
CY2024Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
332518000 usd
CY2023Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
191801000 usd
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
55203000 usd
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
88748000 usd
CY2024Q2 team Contract With Customer Deposit Liability Current
ContractWithCustomerDepositLiabilityCurrent
19279000 usd
CY2023Q2 team Contract With Customer Deposit Liability Current
ContractWithCustomerDepositLiabilityCurrent
11784000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21313000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
23319000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
577359000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
423131000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
41426000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
50134000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
49647000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
11908000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
13094000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
12077000 usd
CY2024 us-gaap Lease Cost
LeaseCost
53334000 usd
CY2023 us-gaap Lease Cost
LeaseCost
63228000 usd
CY2022 us-gaap Lease Cost
LeaseCost
61724000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.025
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.024
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
49803000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
41493000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
49142000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23265000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3580000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
105961000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
55735000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
50502000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
49489000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
38875000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
38436000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
53285000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
286322000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22895000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
263427000 usd
CY2024Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
985700000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14089000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
985911000 usd
CY2024Q2 us-gaap Other Commitment
OtherCommitment
1415724000 usd
CY2023Q2 us-gaap Other Commitment
OtherCommitment
1788740000 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePayment
964825000 usd
CY2023Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePayment
919333000 usd
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
2380549000 usd
CY2023Q2 us-gaap Contractual Obligation
ContractualObligation
2708073000 usd
CY2024Q2 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
462187000 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment Year One
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePaymentYearOne
1116000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
463303000 usd
CY2024Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
378631000 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment Year Two
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePaymentYearTwo
5641000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
384272000 usd
CY2024Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
434406000 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment Year Three
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePaymentYearThree
36518000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
470924000 usd
CY2024Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
140500000 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment Year Four
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePaymentYearFour
58125000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
198625000 usd
CY2024Q2 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
0 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment Year Five
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePaymentYearFive
60295000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
60295000 usd
CY2024Q2 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
0 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment After Year Five
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePaymentAfterYearFive
803130000 usd
CY2024Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
803130000 usd
CY2024Q2 us-gaap Other Commitment
OtherCommitment
1415724000 usd
CY2024Q2 team Lessee Operating Lease Lease Not Yet Commenced Future Lease Payment
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePayment
964825000 usd
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
2380549000 usd
CY2023Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
3 lawsuit
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2400000000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.79
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4358603000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3534647000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2802882000 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4358603000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3534647000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2802882000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1545479000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1182680000 usd
CY2024 team Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
4927860000 usd
CY2023 team Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3897446000 usd
CY2024 team Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
4358603000 usd
CY2023 team Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
3534647000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2114736000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1545479000 usd
CY2024 team Contract With Customer Liability Revenue Recognized Percentage
ContractWithCustomerLiabilityRevenueRecognizedPercentage
0.31
CY2023 team Contract With Customer Liability Revenue Recognized Percentage
ContractWithCustomerLiabilityRevenueRecognizedPercentage
0.30
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
53604000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
27141000 usd
CY2024 team Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
51326000 usd
CY2023 team Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
40060000 usd
CY2024 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
25219000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
13597000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
79711000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
53604000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
29170000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
18027000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
50541000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
35577000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
79711000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
53604000 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2024 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2024Q2 us-gaap Noncurrent Assets
NoncurrentAssets
258784000 usd
CY2023Q2 us-gaap Noncurrent Assets
NoncurrentAssets
265597000 usd
CY2024 team Common Stock Consent Required To Convert Percentage
CommonStockConsentRequiredToConvertPercentage
0.6666
CY2024 team Common Stock Conversion Threshold Percentage
CommonStockConversionThresholdPercentage
0.10
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
30425646 shares
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
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