Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 191

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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 in our operating assets and liabilities reflected primarily the following:

•$34.0 million decrease in accounts receivable primarily due to increased collections;

•$3.5 million net decrease in prepaid expenses and other current assets primarily due to a decrease in accrued interest, amortization of prepaid balances, and lower capitalized commissions; and 

•$1.6 million decrease in other assets due to a net decrease in prepaid commissions, partially offset by cloud computing costs. 

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

•$10.9 million decrease in accrued expenses and other current liabilities primarily due to annual bonus payments; 

•$7.8 million decrease in deferred revenue due to a decrease in billings resulting from a decrease in bookings;

•$6.5 million decrease in accounts payable due to timing of payments; and 

•$3.2 million decrease in operating lease liabilities.

Net Cash Provided By (Used In) Investing Activities

Our investing activities consist primarily of investments in, and maturities of marketable securities, capitalized software development costs, and capital expenditures for property and equipment.

For the six months ended June 30, 2025, cash used in investing activities was $414.0 million primarily as a result of the following:

•$392.9 million of purchases of marketable securities, net of proceeds from maturities;

•$14.2 million for capitalized software development costs; and 

•$6.9 million in purchases of property and equipment. 

For the six months ended June 30, 2024, cash provided by investing activities was $506.4 million primarily as a result of the following:

•$519.5 million of proceeds from maturities and sales, net of purchases of marketable securities;

•$12.1 million for capitalized software development costs; and 

•$1.0 million in purchases of property and equipment. 

Net Cash Used In Financing Activities

For the six months ended June 30, 2025, cash used in financing activities was $92.2 million primarily as a result of the following:

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•$88.8 million of repurchases of common stock; and

•$13.0 million for acquisitions of common stock for tax withholding obligations; partially offset by

•$5.0 million of proceeds from exercises of stock options; and

•$4.6 million of proceeds from the employee