Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 11

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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2024. During the quarter and six months ended June 30, 2025, other significant expenses included depreciation 

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expense of $8.0 million and $15.9 million, respectively, as well as amortization expense of $3.5 million and $7.1 million, respectively. During the quarter and six months ended June 30, 2024, other significant expenses include depreciation expense of $7.5 million and $14.9 million, respectively, as well as amortization expense of $5.2 million and $10.4 million, 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):Quarter Ended June 30,Six Months Ended June 30,2025202420252024United States$119,258 $112,836 $235,628 $224,243 International52,767 47,670 103,328 93,724 $172,025 $160,506 $338,956 $317,967 No countries outside the United States (“U.S.”) represented 10% or more of total revenues.The measure of segment assets is reported in 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 right-of-use assets by geographic region (in thousands):June 30,2025December 31,2024United States$16,032 $18,399 International23,500 16,213 $39,532 $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