Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 155

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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 AssetsDeferred customer contract acquisition costs are included in other assets in the unaudited condensed consolidated balance sheets and totaled $86.5 million and $86.1 million at March 31, 2025 and December 31, 2024, respectively.Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities were comprised of the following (in thousands):March 31,2025December 31,2024Accrued salaries and employee benefits$26,642 $41,833 Accrued income and other taxes payable11,733 11,297 Accrued restructuring costs4,671 — Other accrued expenses and current liabilities19,713 18,444 $62,759 $71,574 

Note 7 – Fair Value Measurements 

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis by level, within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):March 31, 2025Level 1Level 2Level 3TotalCash equivalentsMoney market funds$401,649 $— $— $401,649 Commercial paper— 9,992 — 9,992 Marketable securitiesU.S. treasury securities254,747 — — 254,747 Commercial paper— 132,198 — 132,198 Total assets$656,396 $142,190 $— $798,586 December 31, 2024Level 1Level 2Level 3TotalCash equivalentsMoney market funds$809,906 $— $— $809,906 Total assets$809,906 $— $— $809,906 The Company classified the marketable debt securities as available-for-sale debt securities at the time of purchase and reevaluated such classification at each balance sheet date. The valuation techniques used to measure the fair values of our instruments that were classified as Level 1 were derived from quoted market prices for identical instruments in active markets. The valuation techniques used to measure the fair values of Level 2 instruments were derived from broker reports that utilized quoted market prices for similar instruments.

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Note 8 – Convertible Senior Notes

2029 NotesAt March 31, 2025, the Company had $675.0 million aggregate principal amount