Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 137

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 137
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 of income tax disclosures. For public business entities, it is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact that the updated standard will have on our disclosures within our consolidated financial statements.

Note 3 – Segment Information

Management has determined that the Company has one operating and reportable segment. The Company provides subscription and support services that consist of a cloud-based platform designed to unify, automate, and streamline accounting and finance operations, and also provides professional services that consist of implementation and consulting services. The technology used in the subscription and support services is based on a single software platform that is deployed to and implemented by customers. The Company manages the business activities on a consolidated basis, and operating segments have not been aggregated. The accounting policies of the operating segment are the same as those described in the summary of significant accounting policies.Our CODM assesses performance for the operating segment and decides how to allocate resources based on the review of net income (loss). The CODM uses net income (loss), among other measures, for budgeting and resource allocation purposes. 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 (benefit from) income taxes, which are all presented in the consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022. Other significant expenses include depreciation expense of $30.5 million, $29.5 million, and $23.1 million for the years ended December 31, 2024, 2023, and 2022, respectively, as well as amortization expense of $19.9 million, $20.6 million, and $19.7 million for the years ended December 31, 2024, 2023, and 2022, 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.The following table sets forth the Company’s revenues by geographic region (in thousands):Year Ended December 31,202420232022United States$457,955 $422,192 $373,423 International195,381 167,804 149,515 $653,336 $589,996