Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 5

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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, 202361,515$615 $474,863 $205 $(214,802)$260,881 Stock option exercises122 1 2,632 — — 2,633 Vesting of restricted stock units439 5 — — — 5 Issuance of common stock through employee stock purchase plan95 1 4,248 — — 4,249 Acquisition of common stock for tax withholding obligations— — (12,384)— — (12,384)Stock-based compensation— — 43,364 — — 43,364 Purchase of capped calls— — (59,738)— — (59,738)Other comprehensive loss— — — (766)— (766)Net income attributable to BlackLine, Inc., including adjustment to redeemable non-controlling interest— — (1,248)— 88,767 87,519 Balance at June 30, 202462,171$622 $451,737 $(561)$(126,035)$325,763 

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

8

BLACKLINE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)Six Months Ended June 30,20252024Cash flows from operating activitiesNet income attributable to BlackLine, Inc.$14,347 $87,519 Net income and adjustment attributable to redeemable non-controlling interest (Note 4)(1,682)2,210 Net income12,665 89,729 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization22,973 25,300 Amortization of debt issuance costs1,679 2,679 Stock-based compensation43,231 41,288 Gain on extinguishment of convertible senior notes— (65,112)Noncash lease expense2,694 3,110 Accretion of purchase discounts on marketable securities, net(5,361)(15,261)Net foreign currency (gains) losses561 (157)Deferred income taxes(2,234)(1,255)Provision for credit losses75 7 Changes in operating assets and liabilities:Accounts receivable5,468 33,995 Prepaid expenses and