Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 96

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 96
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 in depreciation and amortization primarily due to certain assets being fully amortized.

Restructuring costs

 Year Ended December 31,Change 20242023$% (in thousands, except percentages)Restructuring costs$1,720 $10,964 $(9,244)(84 %)

The decrease in restructuring costs during the year ended December 31, 2024, compared to the year ended December 31, 2023, was primarily due to lower additional one-time termination benefits for the fiscal 2023 and fiscal 2022 restructuring programs. Refer to “Note 12 - Restructuring Costs” for additional information.

Interest income

 Year Ended December 31,Change 20242023$% (in thousands, except percentages)Interest income$49,808 $52,059 $(2,251)(4 %)

50

The decrease in interest income during the year ended December 31, 2024, compared to the year ended December 31, 2023, was due to a decrease in average balances, partially offset by an increase in average interest rates on our investments and cash balances.

Interest expense

 Year Ended December 31,Change 20242023$% (in thousands, except percentages)Interest expense$8,758 $5,898 $2,860 48 %    

The increase in interest expense during the year ended December 31, 2024, compared to the year ended December 31, 2023, was primarily due to the amortization of debt issuance costs and cash interest expense related to our 2029 Notes issued in May 2024, partially offset by a decrease in interest expense resulting from the partial repurchase of our 2026 Notes and the repayment of our 2024 Notes in August 2024. Refer to “Note 11 - Convertible Senior Notes” for additional information. We do not expect interest expense to fluctuate significantly over the next 12 months as the interest rates on our Notes are fixed.

Gain on extinguishment of convertible senior notes

 Year Ended December 31,Change 20242023$% (in thousands, except percentages)Gain on extinguishment of convertible senior notes$65,112 $— $65,112 N/M

The gain on extinguishment of convertible senior notes during the year ended December 31, 2024 resulted from the partial repurchase of our 2026 Notes in May 2024. Refer to “Note