Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 190

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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,224)$(251,629)

Net Cash Provided By Operating Activities

Our cash flows provided by operating activities are primarily influenced by our net income, as applicable, and cash generated from collections in accordance with our subscription-based revenue model wherein billings occur in advance of revenue recognition, as well as the substantial amount of non-cash charges that we incur. Non-cash activities primarily include depreciation and amortization, stock-based compensation, non-cash lease expense, amortization of debt issuance costs, accretion of premiums on marketable securities, and deferred taxes.

For the six months ended June 30, 2025, cash provided by operating activities was $79.1 million, resulting from net non-cash expenses of approximately $63.6 million, net income of $12.7 million, and net cash flows provided as a result of changes in operating assets and liabilities of $2.8 million. The $2.8 million of net cash flows provided as a result of changes in our operating assets and liabilities reflected primarily the following:

•$5.5 million decrease in accounts receivable primarily due to increased collections;

•$5.4 million increase in other long-term liabilities;

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•$4.8 million net decrease in prepaid expenses and other current assets primarily due to amortization of prepaid balances and timing of tax payments, partially offset by prepaid insurance and cloud-based data storage costs to support our suite of solutions;

•$2.5 million increase in accounts payable due to timing of payments; and

•$2.2 million increase in deferred revenue primarily due to customer growth and timing of billings for subscription and support.

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

•$13.0 million decrease in accrued expenses and other current liabilities primarily due to annual bonus payments;

•$3.2 million decrease in operating lease liabilities; and

•$1.4 million increase in other assets due to a net increase in prepaid commissions and cloud computing costs.

For the six months ended June 30, 2024, cash provided by operations was $91.1 million, resulting from net income of $89.7 million and net cash flows provided as a result of changes in operating assets and liabilities of $10.8 million, partially offset by net non-cash expenses of approximately $9.4 million. The $10.8 million of net cash flows provided as a result of changes