XML 31 R8.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss attributable to BlackLine, Inc. $ (12,843) $ (8,781)
Net loss and adjustment attributable to redeemable non-controlling interest (Note 3) 1,873 (250)
Net loss (10,970) (9,031)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,570 5,689
Change in fair value of contingent consideration 145 (9)
Amortization of debt discount and issuance costs 5,532  
Stock-based compensation 9,456 6,452
Noncash lease expense 1,230 1,245
Accretion amortization of purchase discounts on marketable securities, net (523) (409)
Net foreign currency losses 826 128
Deferred income taxes 13 320
Provision for doubtful accounts receivable 69 25
Changes in operating assets and liabilities:    
Accounts receivable 12,147 2,333
Prepaid expenses and other current assets (1,499) 1,789
Other assets (1,167) (2,499)
Accounts payable 1,253 826
Accrued expenses and other current liabilities (10,014) (6,362)
Deferred revenue (1,298) 3,869
Operating lease liabilities (1,253) (1,340)
Net cash provided by operating activities 8,517 3,026
Cash flows from investing activities    
Purchases of marketable securities (116,400) (29,975)
Proceeds from maturities of marketable securities 289,149 31,795
Proceeds from sales of marketable securities 12,000  
Capitalized software development costs (2,289) (1,232)
Purchases of property and equipment (1,152) (1,103)
Net cash provided by (used in) investing activities 181,308 (515)
Cash flows from financing activities    
Proceeds from exercises of stock options 4,656 2,764
Acquisition of common stock for tax withholding obligations (3,562) (1,729)
Financed purchases of property and equipment (169)  
Net cash provided by financing activities 925 1,035
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash   (56)
Net increase in cash, cash equivalents, and restricted cash 190,750 3,490
Cash, cash equivalents, and restricted cash, beginning of period 120,502 46,455
Cash, cash equivalents, and restricted cash, end of period 311,252 49,945
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents at end of period 310,989 49,676
Restricted cash included within prepaid expenses and other current assets at end of period 19  
Restricted cash included within other assets at end of period 244 269
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows 311,252 49,945
Non-cash financing and investing activities    
Stock-based compensation capitalized for software development 180 63
Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period 388 140
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period 1,386 796
Purchases of prepaid expenses and other current assets included in accounts payable at end of period 2,333  
Leased assets obtained in exchange for new operating lease liabilities $ 130 $ 37