Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 41

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 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 in our operating assets and liabilities reflected primarily the following:

•$34.0 million decrease in accounts receivable primarily due to increased collections;

•$3.5 million net decrease in prepaid expenses and other current assets primarily due to a decrease in accrued interest, amortization of prepaid balances, and lower capitalized commissions; and 

•$1.6 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:

•$10.9 million decrease in accrued expenses and other current liabilities primarily due to annual bonus payments; 

•$7.8 million decrease in deferred revenue due to a decrease in billings resulting from a decrease in bookings;

•$6.5 million decrease in accounts payable due to timing of payments; and 

•$3.2 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 six months ended June 30, 2025, cash used in investing activities was $414.0 million primarily as a result of the following:

•$392.9 million of purchases of marketable securities, net of proceeds from maturities;

•$14.2 million for capitalized software development costs; and 

•$6.