Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 113

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 113
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 included testing the effectiveness of controls relating to the revenue recognition process, including controls over the initiation, billing and recording of certain new and recurring subscriptions and the related subscription and support revenue. These procedures also included, among others (i) testing certain subscription and support revenue transactions, on a sample basis, by obtaining and inspecting source documents, such as contracts, invoices, and cash receipts, and recalculating revenue recognized and the ending deferred revenue balance; (ii) confirming, on a sample basis, outstanding customer invoice balances as of December 31, 2024 and, for confirmations not returned, obtaining and inspecting source documents, such as contracts, invoices, subsequent cash receipts, and other source documents to support collectability of outstanding customer invoice balances; and (iii) testing the issuance of credit memos, on a sample basis, by obtaining and inspecting source documents, such as credit memos, original invoices, and re-issued invoices.

/s/ PricewaterhouseCoopers LLP 

Los Angeles, California

February 21, 2025

We have served as the Company’s auditor since 2014.

61

BLACKLINE, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except shares and par values)

December 31, 2024December 31, 2023ASSETSCurrent assets:Cash and cash equivalents$885,915 $271,117 Marketable securities (amortized cost of $0 and $932,850 at December 31, 2024 and 2023, respectively)— 933,355 Accounts receivable, net of allowances of $2,964 and $5,064 at December 31, 2024 and 2023, respectively178,141 171,608 Prepaid expenses and other current assets28,348 31,244 Total current assets1,092,404 1,407,324 Capitalized software development costs, net45,448 37,828 Property and equipment, net11,840 14,867 Intangible assets, net59,520 79,056 Goodwill448,965 448,965 Operating lease right-of-use assets22,772 19,173 Deferred tax assets, net53,208 145 Other assets90,879 93,407 Total assets$1,825,036 $2,100,765 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKH