Company name:

BlackLine Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    October 28, 2016
  • TICKER:
    BL
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    21300 Victory Boulevard 12th Floor Woodland Hills CA 91367
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

BlackLine Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
93.4% —

Subscription and support

6.6% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription and support
45,679
45,679
45,679
 167,081 217,406 272,447 328,559 328,559 359,128
Professional services revenue
$45,679
$45,679
$45,679
 8,522 10,382 16,529 23,178 23,178 23,712
Total Revenue
$45,679
$45,679
$45,679
 $175,603 $227,788 $288,976 $351,737 $351,737 $382,840
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
105.7%
49.6% —

Sales and marketing

20.4% —

General and administrative

16.1% —

Research and development

13.6% —

Cost of revenue Subscription and support

6.0% —

Costs of professional services
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue Subscription and support
45,679
45,679
45,679
 33,530 41,428 44,968 47,919 47,919 52,844
Costs of professional services
45,679
45,679
45,679
 7,855 9,446 14,007 21,053 21,053 23,884
Total cost of revenue
45,679
45,679
45,679
 $41,385 $50,874 $58,975 $68,972 $68,972 $76,728
Gross profit
45,679
45,679
45,679
 134,218 176,914 230,001 282,765 282,765 306,112
Sales and marketing
45,679
45,679
45,679
 103,967 128,808 158,837 174,581 174,581 181,528
Research and development
45,679
45,679
45,679
 23,874 30,754 43,006 56,464 56,464 72,164
General and administrative
45,679
45,679
45,679
 36,786 47,188 56,057 71,611 71,611 81,188
Total operating expenses
45,679
45,679
45,679
 $164,627 $206,750 $257,900 $302,656 $302,656 $334,880
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
5.7%
5.7% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
 ($30,409) ($29,836) ($27,899) ($19,891) ($19,891) ($28,768)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
5.3%
5.3% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Change in fair value of stock warrants
45,679
45,679
45,679
 (3,490) - - - - -
Other expense or income
45,679
45,679
45,679
 (2,434) 2,132 (2,522) (18,809) (18,809) (22,444)
Total non-operating income (expense)
45,679
45,679
45,679
 (5,924) 2,132 (2,522) (18,809) (18,809) (22,444)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
11.0%
11.0% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
 ($36,333) ($27,704) ($30,421) ($38,700) ($38,700) ($51,212)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
5.1%
6.6% —

Interest expense

0.2% —

Income tax expense or benefit

1.3% —

Interest income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
 (13) (4) (8,650) (23,311) (23,311) (23,884)
Interest income
-
45,679
45,679
 1,069 2,136 6,128 4,502 4,502 1,440
Income before income taxes
45,679
45,679
45,679
 (32,843) (27,704) (30,421) (38,700) (38,700) (51,212)
Income tax expense or benefit
45,679
45,679
45,679
 565 1,072 1,725 702 702 (676)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
11.2%
11.2% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 ($33,408) ($28,776) ($32,146) ($39,402) ($39,402) ($50,536)
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests
-
-
45,679
 - (62) (1,444) (1,349) (1,349) (1,072)
Net income (loss) attributable to Company
-
-
45,679
 (33,408) (28,714) (32,535) (46,911) (46,911) (67,940)
Adjustment attributable to non-controlling interest
-
-
-
 - - 1,833 8,858 8,858 18,476

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
 53,199,157 54,956,059 56,300,027 57,786,435 57,786,435 57,786,435
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.64) ($0.53) ($0.59) ($0.83) ($0.83) ($1.20)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.64) ($0.53) ($0.59) ($0.83) ($0.83) ($1.20)