Blackline, inc. (BL)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Dec'15
ASSETS
Current assets:
Cash and cash equivalents

310,989

120,232

528,197

63,255

49,676

46,181

38,401

28,682

30,864

31,104

24,645

23,507

23,448

22,118

19,586

15,205

Marketable securities

302,978

487,515

68,324

81,939

85,079

86,396

86,715

86,191

83,168

81,476

85,125

83,744

77,868

83,130

-

0

Accounts receivable, net of allowances for credit losses of $4,775 and $3,533 at March 31, 2020 and December 31, 2019, respectively

90,057

102,829

81,865

79,135

72,343

74,902

63,398

61,057

57,019

61,918

45,233

43,525

43,889

42,294

36,761

24,235

Deferred sales commissions

-

-

-

-

-

-

-

-

-

-

10,946

9,845

9,533

9,667

7,229

6,246

Prepaid expenses and other current assets

16,572

12,830

10,874

11,453

12,241

14,042

15,979

16,603

15,625

13,956

6,794

6,927

7,777

6,614

4,456

2,801

Total current assets

720,596

723,406

689,260

235,782

219,339

221,521

204,493

192,533

186,676

188,454

172,743

167,548

162,515

163,823

68,032

48,487

Capitalized software development costs, net

11,015

10,032

9,424

9,252

8,969

9,023

8,925

8,308

7,557

6,824

6,129

5,375

5,049

4,591

4,113

2,967

Property and equipment, net

13,155

13,024

12,891

13,762

13,785

13,536

13,155

13,754

13,280

12,769

12,126

10,959

11,274

11,318

11,857

12,419

Intangible assets, net

15,977

17,520

19,063

21,629

24,708

27,785

30,868

34,173

37,485

40,808

44,130

47,455

50,788

54,118

57,434

56,828

Goodwill

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,138

185,052

163,154

Operating lease right-of-use assets

11,449

12,549

13,381

13,459

13,655

-

-

-

-

-

-

-

-

-

-

-

Other assets

54,044

52,883

46,482

44,480

39,359

36,478

32,115

30,534

28,379

26,820

1,857

1,517

1,471

1,449

4,747

2,895

Total assets

1,011,374

1,014,552

975,639

523,502

504,953

493,481

474,694

464,440

458,515

460,813

422,123

417,992

416,235

420,437

331,235

286,750

LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

11,357

7,401

1,614

2,963

4,173

3,442

2,902

2,496

6,566

7,254

2,934

5,055

4,269

7,165

8,456

4,648

Accrued expenses and other current liabilities

20,378

30,098

25,704

20,460

18,409

24,479

20,174

19,248

12,240

20,874

18,354

16,113

15,719

18,931

17,485

15,012

Deferred revenue

161,289

162,552

144,100

144,300

133,024

129,074

118,260

117,420

110,733

104,184

94,158

88,781

88,347

80,360

69,774

52,750

Short-term portion of operating lease liabilities

4,555

4,938

4,779

5,017

5,017

-

-

-

-

-

-

-

-

-

-

-

Short-term portion of contingent consideration

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

2,008

Total current liabilities

199,587

206,997

178,205

174,748

162,631

159,003

143,344

141,172

131,547

134,320

117,454

111,957

110,343

108,464

97,723

74,418

Operating lease liabilities, noncurrent

9,734

10,606

11,710

11,687

12,000

-

-

-

-

-

-

-

-

-

-

-

Convertible senior notes, net

389,875

384,343

378,856

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,836

28,267

Common stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

12,380

11,380

5,200

5,500

Contingent consideration

4,499

4,354

4,621

4,492

4,299

4,308

4,145

4,048

3,970

3,858

3,597

3,419

3,323

3,230

3,137

2,859

Deferred tax liabilities, net

4,584

4,571

1,151

1,098

1,116

3,257

1,300

1,436

1,501

1,743

993

1,144

1,100

1,262

3,874

5,907

Deferred revenue, noncurrent

128

163

222

174

196

277

317

382

477

468

2,100

2,487

2,400

2,373

-

-

Other long-term liabilities

-

-

-

-

-

2,982

3,155

3,314

3,459

3,119

2,190

2,204

2,343

2,318

3,917

3,631

Total liabilities

608,407

611,034

574,765

192,199

180,242

169,827

152,261

150,352

140,954

143,508

126,334

121,211

131,889

129,027

178,687

120,582

Commitments and contingencies (Note 7)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

Redeemable non-controlling interest (Note 3)

6,778

4,905

4,453

4,118

4,175

4,387

-

-

-

-

-

-

-

-

-

-

Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding at December 31, 2019 and 2018

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

Common stock

564

559

556

553

550

547

547

539

535

530

528

525

513

513

413

407

Treasury stock, 0 shares and 47,000 shares at cost at December 31, 2016 and 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

254

Additional paid-in capital

569,799

561,275

548,201

470,681

459,118

451,571

444,840

432,068

427,104

419,628

414,915

402,859

380,288

378,272

223,805

214,171

Accumulated other comprehensive income

66

377

415

299

45

45

-92

-117

-133

-63

-32

-73

-39

-41

-

-

Accumulated deficit

-174,240

-163,598

-152,751

-144,348

-139,177

-132,896

-122,862

-118,402

-109,945

-102,790

-119,622

-106,530

-96,416

-87,334

-71,670

-48,156

Total stockholders' equity

396,189

398,613

396,421

327,185

320,536

319,267

322,433

314,088

317,561

317,305

295,789

296,781

284,346

291,410

152,548

166,168

Total liabilities, redeemable non-controlling interest, and stockholders' equity

1,011,374

1,014,552

975,639

523,502

504,953

493,481

474,694

464,440

458,515

460,813

422,123

417,992

416,235

420,437

331,235

286,750