Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 164

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 164
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 current liabilities were comprised of the following (in thousands):June 30,2025December 31,2024Accrued salaries and employee benefits$26,637 $41,833 Accrued income and other taxes payable13,113 11,297 Accrued restructuring costs1,582 — Other accrued expenses and current liabilities16,116 18,444 $57,448 $71,574 Derivative InstrumentsThe Company uses foreign currency forward contracts with an approximate maturity of one month to mitigate foreign currency exchange rate fluctuations on certain foreign currency-denominated monetary assets. Under ASC 815, Derivatives and Hedging, these transactions are not designated as hedging instruments. The fair value of the forward contracts, estimated based on prevailing exchange rates of the various hedged currencies at the end of the period, is reported as either prepaid and other current assets or accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets. At June 30, 2025, the total gross notional amount of forward contracts was $43.0 million. Refer to “Note 7 - Fair Value Measurements” for additional information on the fair value classification of the forward contracts.For the quarter and six months ended June 30, 2025, the net loss from the forward contracts, which was recorded in general and administrative expenses, was $1.4 million.Cash flows from the settlement of the forward contracts are classified as operating activities in the unaudited condensed statements of cash flows.

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Note 7 – Fair Value Measurements 

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis by level, within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):June 30, 2025Level 1Level 2Level 3TotalCash equivalentsMoney market funds$383,593 $— $— $383,593 Marketable securitiesU.S. treasury securities236,265 — — 236,265 Commercial paper— 162,012 — 162,012 Total assets$619,858 $162,012 $— $781,870 LiabilitiesForeign currency forward contracts$— $107 $— $107 Total liabilities$— $107 $— $107 December 31, 2024Level