Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 42

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 business operating results and financial condition would be adversely affected.

Cash Flows

The following table sets forth a summary of our cash flows for the periods indicated:

Nine Months Ended September 30,20252024(in thousands)Net cash provided by operating activities$142,887 $147,042 Net cash provided by (used in) investing activities$(403,485)$810,420 Net cash used in financing activities$(205,912)$(503,366)

Net Cash Provided By Operating Activities

Our cash flows provided by operating activities are primarily influenced by our net income, 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 nine months ended September 30, 2025, cash provided by operating activities was $142.9 million, resulting from net non-cash expenses of approximately $109.0 million, net income of $21.3 million, and net cash flows provided as a result of changes in operating assets and liabilities of $12.6 million. The $12.6 million of net cash flows provided as a result of changes in our operating assets and liabilities reflected primarily the following:

•$24.1 million decrease in accounts receivable primarily due to increased collections; 

•$4.4 million decrease in prepaid expenses and other current assets primarily due to timing of renewals for IT and insurance contracts, partially offset by timing of tax payments;

•$3.1 million increase in accrued expenses and other current liabilities due primarily to employee termination benefits and other exit costs related to the Fiscal 2025 restructuring programs in addition to other current liabilities, partially offset by a decrease in bonus accruals; and

•$1.2 million increase in accounts payable due to timing of payments.

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

•$14.3 million decrease in deferred revenue primarily due to lower billings and higher revenue recognition;

•$4.6 million decrease in operating lease liabilities; and

•$1.2 million increase in other assets due to net capitalization related to strategic projects and software upgrades. 

For the nine months ended September 30,