Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 92

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 92
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%Non-GAAP Operating Income:Operating income$18,536 $14,348 Amortization of intangible assets19,886 20,608 Stock-based compensation86,097 80,068 Change in fair value of contingent consideration— (33,549)Transaction-related costs568 5,078 Restructuring costs1,720 10,964 Total non-GAAP operating income$126,807 $97,517 GAAP operating margin2.8 %2.4 %Non-GAAP operating margin19.4 %16.5 %Non-GAAP Net Income Attributable to BlackLine, Inc.:Net income attributable to BlackLine, Inc.$161,174 $52,833 Benefit from income taxes(50,948)(1,196)Amortization of intangible assets19,886 20,608 Stock-based compensation85,654 79,588 Amortization of debt issuance costs4,486 5,535 Change in fair value of contingent consideration— (33,549)Transaction-related costs568 5,078 Restructuring costs1,720 10,964 Adjustment to redeemable non-controlling interest4,639 5,334 Gain on extinguishment of convertible senior notes(65,112)— Total non-GAAP net income attributable to BlackLine, Inc.$162,067 $145,195 

Results of Operations

The following tables set forth selected historical consolidated statements of operations data, which should be read in conjunction with Critical Accounting Estimates, Liquidity and Capital Resources, and Contractual Obligations and Commitments included in this Item 7, as well as Quantitative and Qualitative Disclosures About Market Risk and the Consolidated Financial Statements and Notes thereto included elsewhere in this Annual Report on Form 10-K.

On August 23, 2023 and December 7, 2022, respectively, we announced our decision to commit to restructuring plans designed to focus on key growth priorities. Refer to “Note 12 - Restructuring Costs” for additional information on these events.

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 Year Ended December 31, 20242023 (in thousands)Revenues  Subscription and support$619,287 $555,516 Professional services34,049 34,480 Total revenues653,336 589,996 Cost of revenuesSubscription and support135,308 121,308 Professional services26