Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 196

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 196
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, 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, 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