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Midas Edge

Elastic NV

For the period ended Apr 30, 2024. Filed Jun 14, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Jun 14, 2024

ESTC$87.25-3.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Fair Value Measurements

  1. Fair Value Measurements

Financial Assets

The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2024 (in thousands):

Level 1Level 2Level 3Total
Financial Assets:
Cash and cash equivalents:
Money market funds$180,248$—$—$180,248
U.S. treasury securities35,407——35,407
Corporate debt securities—699—699
Total included in cash and cash equivalents215,655699—216,354
Marketable securities:
Certificates of deposit—42,972—42,972
Commercial paper—43,051—43,051
Municipal securities—27,806—27,806
U.S. treasury securities112,471——112,471
International treasuries—12,642—12,642
Corporate debt securities—269,168—269,168
U.S. agency bonds—35,892—35,892
Total marketable securities112,471431,531—544,002
Mutual fund investments (1)461——461
Total financial assets$328,587$432,230$—$760,817

(1) Mutual fund investments are held in an irrevocable rabbi trust for payment obligations to non-qualified deferred compensation plan participants. The investments are recorded as part of other assets in the Company’s consolidated balance sheets.

The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2023 (in thousands):

Level 1Level 2Level 3Total
Financial Assets:
Cash and cash equivalents:
Money market funds$194,261$—$—$194,261
U.S. agency securities—27,406—27,406
Certificates of deposit—21,750—21,750
Commercial paper—60,750—60,750
Total included in cash and cash equivalents194,261109,906—304,167
Marketable securities:
Certificates of deposit—31,645—31,645
Commercial paper—33,735—33,735
U.S. treasury securities47,627——47,627
Corporate debt securities—118,228—118,228
U.S. agency bonds—39,806—39,806
Total marketable securities47,627223,414—271,041
Total financial assets$241,888$333,320$—$575,208

Interest income from the Company’s cash, cash equivalents and marketable securities was $28.1 million, $17.7 million, and $0.2 million for the years ended April 30, 2024, 2023, and 2022, respectively, and is included in other income (expense), net in the consolidated statements of operations.

As of April 30, 2024 and April 30, 2023, gross unrealized gains and losses on the marketable securities were insignificant. The fluctuations in market interest rates impacted the unrealized losses or gains on these securities.

The fair value of available-for-sale securities, by remaining contractual maturity, are as follows (in thousands):

As ofApril 30, 2024As ofApril 30, 2023
Due within 1 year$298,876$168,264
Due between 1 year and 3 years245,126102,777
Total marketable securities$544,002$271,041

Financial Liabilities

In July 2021, the Company issued $575.0 million aggregate principal amount of 4.125% Senior Notes due July 15, 2029 (the “Senior Notes”) in a private placement. Based on the trading prices of the Senior Notes, the fair value of the Senior Notes as of April 30, 2024 was approximately $511.8 million. While the Senior Notes are recorded at cost, the fair value of the Senior Notes was determined based on quoted prices in markets that are not active; accordingly, the Senior Notes are categorized as Level 2 for purposes of the fair value measurement hierarchy.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.