Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 34

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 and maturities of marketable securities, capitalized software development costs, and capital expenditures for property and equipment.

For the quarter ended March 31, 2025, cash used in investing activities was $399.0 million primarily as a result of the following:

•$384.9 million of purchases of marketable securities;

•$8.2 million for capitalized software development costs; and 

•$6.0 million in purchases of property and equipment. 

For the quarter ended March 31, 2024, cash provided by investing activities was $21.0 million primarily as a result of the following:

•$27.7 million of proceeds from maturities, net of purchases of marketable securities; and

•$6.5 million for capitalized software development costs.

Net Cash Used In Financing Activities

For the quarter ended March 31, 2025, cash used in financing activities was $54.3 million primarily as a result of the following:

•$45.5 million of repurchases of common stock; and

•$10.9 million for acquisitions of common stock for tax withholding obligations; partially offset by

•$2.1 million of proceeds from exercises of stock options. 

For the quarter ended March 31, 2024, cash used in financing activities was $10.9 million primarily for acquisitions of common stock for tax withholding obligations.

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 10-Q. During the quarter ended March 31, 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 Item 1 of Part I 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.

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Item 3. Quantitative and Qualitative Disclosures About Market Risks

We have operations both within