Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 120

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 120
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LINE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

SUPPLEMENTAL CASH FLOWS DISCLOSURE

(in thousands)

Year Ended December 31,202420232022Supplemental disclosures of cash flow informationCash paid for interest$3,819 $313 $313 Cash paid for income taxes$11,529 $3,097 $1,123 Non-cash financing and investing activitiesAdjustment for adoption of ASU 2020-06$— $— $262,130 Estimated fair value of contingent consideration$— $— $55,947 Stock-based compensation capitalized for software development$4,534 $3,481 $2,379 Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period$2,813 $1,510 $1,816 Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period$2,400 $60 $847 Leased assets obtained in exchange for new financing lease liabilities$385 $— $1,223 Leased assets obtained in exchange for new operating lease liabilities$10,092 $10,438 $3,866 Leasehold improvements paid directly by landlord$— $271 $— 

The accompanying notes are an integral part of these consolidated financial statements.

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BLACKLINE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 – The Company

BlackLine, Inc. and its subsidiaries (the “Company” or “BlackLine”) provide financial accounting close solutions delivered primarily as Software as a Service (“SaaS”). The Company’s solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash.The Company is a holding company and conducts its operations through its wholly-owned subsidiary, BlackLine Systems, Inc. (“BlackLine Systems”).On September 12, 2023, the Company acquired Data Interconnect (“DI”), hereinafter referred to as the “DI Acquisition”. DI is a cloud-based Invoice-to-Cash automation vendor within the electronic invoice presentment and payment (“EIPP”) market. The primary purpose of the DI Acquisition was to enhance the Company's existing accounts receivable automation solution by adding EIPP capabilities. This acquisition was not a significant acquisition under Regulation S-X, and the