Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 44

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
 cash used in financing activities was $205.9 million primarily as a result of the following:

•$200.7 million for repurchases of common stock; and

•$14.9 million for acquisitions of common stock for tax withholding obligations; partially offset by

•$5.2 million of proceeds from exercises of stock options; and

•$4.6 million of proceeds from the employee stock purchase plan. 

For the nine months ended September 30, 2024, cash used in financing activities was $503.4 million primarily as a result of the following:

•$848.5 million for the partial repurchase of the 2026 Notes; 

•$250.0 million for the repayment of the 2024 Notes with cash on hand;

•$59.7 million for the purchase of the associated Capped Calls for the 2029 Notes; and

•$13.6 million for acquisitions of common stock for tax withholding obligations; partially offset by

•$662.0 million of proceeds, net of debt issuance costs, from the issuance of the 2029 Notes; 

•$4.2 million of proceeds from the employee stock purchase plan; and

•$3.0 million of proceeds from exercises of stock options. 

Critical Accounting Estimates

Our consolidated financial statements are prepared in accordance with GAAP, which requires us to make estimates and assumptions about future events that affect the amounts reported in our unaudited condensed consolidated financial statements and the accompanying notes included elsewhere in this Quarterly Report on Form 

36

10-Q. During the quarter ended September 30, 2025, there were no significant changes to our critical estimates as detailed in Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024.

Recent Accounting Pronouncements

See Note 2 - “Basis of Presentation, Significant Accounting Policies, and Recently-Issued Accounting Pronouncements” contained in the “Notes to Unaudited Condensed Consolidated Financial Statements” in Part I, Item 1 of this Quarterly Report on Form 10-Q for a full description of the recent accounting pronouncements and our expectation of their impact, if any, on our results of operations and financial condition.

Item 3. Quantitative and Qualitative Disclosures About Market Risks

We have operations both within the U.S. and internationally, and we are exposed to market risks in the ordinary course of our business.