BLACKLINE INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
BL$27.33+1.3%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Quarter Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) attributable to BlackLine, Inc. | $10,829 | $(12,008) |
| Net income and adjustment attributable to redeemable non-controlling interest (Note 3) | 3,941 | 5,277 |
| Net income (loss) | 14,770 | (6,731) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 12,648 | 12,004 |
| Change in fair value of contingent consideration | — | 3,106 |
| Amortization of debt issuance costs | 1,385 | 1,362 |
| Stock-based compensation | 18,562 | 20,438 |
| Noncash lease expense | 1,558 | 1,498 |
| Accretion of purchase discounts on marketable securities, net | (8,542) | (7,519) |
| Net foreign currency losses | 38 | 473 |
| Deferred income taxes | (1,041) | (187) |
| Provision for credit losses | — | 5 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 45,696 | 30,166 |
| Prepaid expenses and other current assets | (1,964) | (5,268) |
| Other assets | 2,406 | 467 |
| Accounts payable | (6,792) | (9,518) |
| Accrued expenses and other current liabilities | (14,774) | (10,653) |
| Deferred revenue | (11,830) | (1,820) |
| Operating lease liabilities | (1,710) | (1,654) |
| Other long-term liabilities | 15 | (3,302) |
| Net cash provided by operating activities | 50,425 | 22,867 |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (294,961) | (311,246) |
| Proceeds from maturities of marketable securities | 322,700 | 328,800 |
| Capitalized software development costs | (6,450) | (6,879) |
| Purchases of property and equipment | (299) | (1,676) |
| Net cash provided by investing activities | 20,990 | 8,999 |
| Cash flows from financing activities | ||
| Principal payments under finance lease obligations | (258) | (241) |
| Proceeds from exercises of stock options | 314 | 2,411 |
| Acquisition of common stock for tax withholding obligations | (10,981) | (12,403) |
| Net cash used in financing activities | (10,925) | (10,233) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | (212) | (41) |
| Net increase in cash, cash equivalents, and restricted cash | 60,278 | 21,592 |
| Cash, cash equivalents, and restricted cash, beginning of period | 271,363 | 201,207 |
| Cash, cash equivalents, and restricted cash, end of period | $331,641 | $222,799 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | ||
| Cash and cash equivalents at end of period | $331,401 | $222,557 |
| Restricted cash included within other assets at end of period | 240 | 242 |
| Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows | $331,641 | $222,799 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
SUPPLEMENTAL CASH FLOWS DISCLOSURE
| Quarter Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Non-cash financing and investing activities | ||
| Stock-based compensation capitalized for software development | $923 | $832 |
| Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period | $613 | $710 |
| Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period | $89 | $934 |
| Receivables from exercises of stock options, including tax withholdings | $— | $5,933 |
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