Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 33

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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31, 2025, cash provided by operating activities was $46.7 million, resulting from net non-cash expenses of approximately $28.9 million, net cash flows provided as a result of changes in operating assets and liabilities of $12.6 million, and net income of $5.3 million. The $12.6 million of net cash flows provided as a result of changes in our operating assets and liabilities reflected primarily the following:

•$32.7 million decrease in accounts receivable primarily due to increased collections.

These changes in our operating assets and liabilities were partially offset by the following:

•$8.0 million decrease in deferred revenue primarily due to seasonality in the sales cycle, which led to lower billings and higher revenue recognition;

•$6.6 million decrease in accrued expenses and other current liabilities primarily due to annual bonus payments, partially offset by severance benefit accruals related to the Fiscal 2025 restructuring program; and

•$3.6 million decrease in accounts payable due to timing of payments.

For the quarter ended March 31, 2024, cash provided by operations was $50.4 million, resulting from net non-cash expenses of approximately $24.6 million, net income of $14.8 million, and net cash flows provided as a result of changes in operating assets and liabilities of $11.0 million. The $11.0 million of net cash flows provided as a result of changes in our operating assets and liabilities reflected primarily the following:

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•$45.7 million decrease in accounts receivable primarily due to increased collections; and

•$2.4 million decrease in other assets due to a net decrease in prepaid commissions, partially offset by an increase in cloud computing costs.

These changes in our operating assets and liabilities were partially offset by the following:

•$14.8 million decrease in accrued expenses and other current liabilities primarily due to annual bonus payments; 

•$11.8 million decrease in deferred revenue due to a decrease in billings resulting from a decrease in bookings;

•$6.8 million decrease in accounts payable due to timing of payments;

•$2.0 million net increase in prepaid expenses and other current assets related to insurance and software subscriptions; and 

•$1.7 million decrease in operating lease liabilities.

Net Cash Provided By (Used In) Investing Activities

Our investing activities consist primarily of investments in,