| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss attributable to BlackLine, Inc. | ||||||
-32,535 | -28,714 | -33,408 | -26,337 | -24,734 | -16,752 | |
Net loss and adjustment attributable to redeemable non-controlling interest (Note 3) | ||||||
389 | -62 | - | - | - | - | |
Net loss | ||||||
-32,146 | -28,776 | -33,408 | -26,337 | - | - | |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
21,274 | 22,336 | 19,971 | 17,424 | 14,739 | 13,455 | |
Change in fair value of common stock warrant liability | ||||||
- | - | 3,490 | 5,880 | 420 | 3,700 | |
Change in fair value of contingent consideration | ||||||
46 | 450 | 628 | 371 | 41 | -781 | |
Amortization of debt discount and issuance costs | ||||||
8,410 | - | - | - | - | - | |
Stock-based compensation | ||||||
34,052 | 20,895 | 16,044 | 6,526 | 5,497 | 2,017 | |
Noncash lease expense | ||||||
5,013 | - | - | - | - | - | |
Accretion amortization of purchase discounts on marketable securities, net | ||||||
2,161 | 928 | -37 | - | - | - | |
Net foreign currency losses | ||||||
-65 | -420 | - | - | - | - | |
Deferred income taxes | ||||||
1,314 | 213 | 85 | -9,467 | -13,941 | -8,283 | |
Provision for doubtful accounts receivable | ||||||
157 | -84 | 565 | - | - | - | |
Accretion of debt discount and accrual of paid-in-kind interest | ||||||
- | - | - | 4,557 | 2,594 | 2,541 | |
Payment of paid-in-kind interest | ||||||
- | - | - | 6,418 | - | - | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
27,962 | 13,207 | 20,189 | 15,541 | 6,195 | 6,821 | |
Deferred sales commissions | ||||||
- | - | - | - | 4,343 | 1,254 | |
Prepaid expenses and other current assets | ||||||
-1,224 | 449 | 2,035 | 5,214 | 507 | 1,116 | |
Other assets | ||||||
16,429 | 9,475 | 7,176 | 7,434 | 571 | 98 | |
Accounts payable | ||||||
3,244 | -4,008 | -25 | 3,544 | 1,073 | 810 | |
Accrued expenses and other current liabilities | ||||||
5,789 | 4,191 | 2,120 | 3,864 | 6,753 | 3,241 | |
Deferred revenue | ||||||
33,364 | 24,699 | 26,504 | 24,626 | 18,176 | 17,246 | |
Operating lease liabilities | ||||||
5,530 | - | - | - | - | - | |
Other long-term liabilities | ||||||
- | -137 | -187 | -1,189 | 2,004 | 1,038 | |
Net cash provided by operating activities | ||||||
29,724 | 16,140 | 6,424 | -4,808 | 1,006 | 8,943 | |
Cash flows from investing activities | ||||||
Purchases of marketable securities | ||||||
565,675 | 122,530 | 76,610 | 83,192 | - | - | |
Proceeds from maturities of marketable securities | ||||||
149,638 | 111,394 | 78,205 | - | - | - | |
Proceeds from sales of marketable securities | ||||||
17,279 | 7,118 | - | - | - | - | |
Capitalized software development costs | ||||||
5,060 | 5,675 | 4,624 | 3,270 | 2,273 | 1,437 | |
Purchases of property and equipment | ||||||
4,632 | 6,284 | 4,002 | 1,724 | 10,094 | 1,429 | |
Acquisition, net of cash acquired | ||||||
- | - | - | 31,488 | - | - | |
Net cash provided by (used in) investing activities | ||||||
-408,450 | -15,977 | -7,031 | -119,674 | -12,367 | -2,866 | |
Cash flows from financing activities | ||||||
Investment from redeemable non-controlling interest | ||||||
- | 4,317 | - | - | - | - | |
Proceeds from issuance of convertible senior notes, net of issuance costs | ||||||
487,163 | - | - | - | - | - | |
Purchase of capped calls related to convertible senior notes | ||||||
46,150 | - | - | - | - | - | |
Proceeds from exercises of stock options | ||||||
10,571 | 14,004 | 10,252 | 2,860 | 1,420 | - | |
Proceeds from employee stock purchase plan | ||||||
5,295 | - | - | - | - | - | |
Acquisition of common stock for tax withholding obligations | ||||||
3,940 | 3,356 | - | - | - | - | |
Repurchases of common stock | ||||||
- | - | - | - | 29 | 225 | |
Payments of initial public offering costs | ||||||
- | - | 110 | 4,372 | - | - | |
Principal payments on capital lease obligations | ||||||
- | 443 | 549 | 124 | 532 | - | |
Financed purchases of property and equipment | ||||||
427 | - | - | - | - | - | |
Cash flows from financing activities | ||||||
Proceeds from term loan, net of issuance costs | ||||||
- | - | - | 34,300 | - | - | |
Principal payments on term loan and prepayment penalties | ||||||
- | - | - | 60,706 | - | - | |
Proceeds from issuance of common stock | ||||||
- | - | - | 3,075 | - | 5,000 | |
Proceeds from initial public offering, net of underwriting discounts and commissions | ||||||
- | - | - | 156,362 | - | - | |
Net cash provided by financing activities | ||||||
452,512 | 14,522 | 9,593 | 131,395 | 859 | 4,775 | |
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | ||||||
261 | 266 | - | - | - | - | |
Net increase in cash, cash equivalents, and restricted cash | ||||||
74,047 | 14,951 | 8,986 | 6,913 | -10,502 | 10,852 | |
Supplemental disclosures of cash flow information | ||||||
Cash paid for interest | ||||||
- | - | 8 | 8,646 | 634 | 506 | |
Cash paid for income taxes | ||||||
1,007 | 591 | 868 | 176 | 6 | 10 | |
Non-cash financing and investing activities | ||||||
Stock-based compensation capitalized for software development | ||||||
491 | 417 | 135 | 102 | 67 | 55 | |
Net exercise of stock warrants | ||||||
- | - | 14,870 | - | - | - | |
Property and equipment acquired under capital leases | ||||||
- | - | - | - | 1,648 | - | |
Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period | ||||||
560 | 359 | 331 | 153 | - | 80 | |
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period | ||||||
863 | 168 | 293 | 63 | 172 | 996 | |
Leasehold improvements paid directly by landlord | ||||||
- | - | 1,176 | - | - | - | |
Leased assets obtained in exchange for new operating lease liabilities | ||||||
2,699 | - | - | - | - | - | |
Deferred offering costs included in accounts payable and accrued expenses and other current liabilities at end of period | ||||||
- | - | - | 110 | 1,647 | - | |