Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 152

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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. Expenses significant to the segment were determined to be cost of revenues, sales and marketing expenses, research and development expenses, general and administrative expenses, interest expense, and the provision for income taxes, which are all presented in the unaudited condensed consolidated statements of operations for the quarters ended March 31, 2025 and 2024. Other significant expenses include depreciation expense of $7.8 million and $7.5 million for the quarters ended March 31, 2025 and 2024, respectively, as well as amortization expense of $3.7 million and $5.2 million for the quarters ended March 31, 2025 and 2024, respectively.The Company’s intra-entity sales are eliminated upon consolidation.The Company disaggregates its revenue from contracts with customers by geographic location, as it believes it best depicts how the nature, amount, timing, and uncertainty of its revenues and cash flows are affected by economic factors.

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The following table sets forth the Company’s revenues by geographic region (in thousands):Quarter Ended March 31,20252024United States$116,370 $111,407 International50,561 46,054 $166,931 $157,461 No countries outside the U.S. represented 10% or more of total revenues.The measure of segment assets is reported on the unaudited condensed consolidated balance sheets as total consolidated assets. The following table sets forth the Company’s long-lived assets, which consist of property and equipment, net, and operating lease ROU assets by geographic region (in thousands):March 31,2025December 31,2024United States$17,395 $18,399 International23,696 16,213 $41,091 $34,612 

Note 4 – Redeemable Non-Controlling Interest

In September 2018, the Company entered into an agreement with Japanese Cloud Computing and M30 LLC (the “Investors”) to engage in the investment, organization, management, and operation of BlackLine K.K. that is focused on the sale of the Company's products in Japan. The Company initially contributed approximately $4.5 million in cash in exchange for 51% of the outstanding common stock of BlackLine K.K. and subsequently invested a further $2.3 million, maintaining the Company's majority ownership of 51%. As the Company continues to control a majority stake in BlackLine K.K., the entity has been consolidated