Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 272

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 272
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 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, 2024, cash provided by operations was $147.0 million, resulting from net income of $104.3 million, net non-cash expenses of approximately $26.1 million, and net cash flows provided as a result of changes in operating assets and liabilities of $16.7 million. The $16.7 million of net cash flows provided as a result of changes in our operating assets and liabilities reflected primarily the following:

•$35.8 million decrease in accounts receivable primarily due to increased collections;

•$4.4 million net decrease in prepaid expenses and other current assets primarily due to a decrease in accrued interest and amortization of prepaid balances; 

•$3.1 million increase in accrued expenses and other current liabilities primarily due to payroll-related expenses and accrued interest on the 2029 Notes; and

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•$2.2 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:

•$18.9 million decrease in deferred revenue primarily driven by timing of billings for subscription and support;

•$5.5 million decrease in accounts payable due to timing of payments; and 

•$4.4 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 nine months ended September 30, 2025, cash used in investing activities was $403.5 million primarily as a result of the following:

•$375.6 million of purchases of marketable securities, net of proceeds from maturities;

•$20.4 million for capitalized software development costs; and 

•$7.5 million in purchases of property and equipment. 

For the nine months ended September 30, 2024, cash provided by investing activities was $810.4 million primarily as a result of the following: