Blackline (BL) FY2018 results: revenue $228 million, up 29.7% on the year
Blackline, Inc. (BL) reported revenue of $228 million for fiscal 2018, the year ended 31 December 2018, up 29.7% on the year before. Net income was -$29 million, and diluted earnings per share $-0.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$228 million
+29.7% on the year
FY2014FY2018
Operating margin
-13.1%
-17.3% a year earlier
FY2014FY2018
Net income
-$29 million
FY2014FY2018
Diluted EPS
-$0.53
FY2014FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
228
176
128
+29.7%
Cost of revenue
50.9
41.5
30.2
+22.6%
Gross profit
177
134
97.8
+31.8%
Gross margin
77.7%
76.4%
76.4%
Research and development
30.8
23.9
21.1
+28.8%
Operating income
-29.8
-30.4
-23.2
Operating margin
-13.1%
-17.3%
-18.1%
Interest expense
0.0
0.0
5.9
-69.2%
Pre-tax income
-27.7
-32.8
-35.0
Income tax
1.1
0.6
-8.7
+89.7%
Net income
-28.7
-33.4
-26.3
Net margin
-12.6%
-19.0%
-20.6%
Diluted EPS
-$0.53
-$0.64
-$0.62
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
16.1
6.4
-4.8
+151.2%
Capital expenditure
6.3
4.0
1.7
+57.0%
Free cash flow
9.9
2.4
-6.5
+306.9%
Free cash flow margin
4.3%
1.4%
-5.1%
Cash from investing
-16.0
-7.0
-120
Cash from financing
14.5
9.6
131
+51.4%
Depreciation and amortisation
22.3
20.0
17.4
+11.8%
Share-based compensation
20.9
16.0
6.5
+30.2%
Diluted shares, weighted
54m
52m
42m
+3.4%
Shares outstanding at period end
55m
53m
51m
+3.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
319
316
308
+1.1%
Redeemable equity
4.4
0.0
n/a
Debt
0.0
0.0
0.0
Other liabilities
170
145
112
+17.5%
Total liabilities and equity
494
461
420
+7.2%
Fixed assets
13.5
12.8
11.3
+6.0%
Goodwill
185
185
185
0.0%
Intangible assets
27.8
40.8
54.1
-31.9%
Investments
86.4
81.5
83.1
+6.0%
Cash and equivalents
46.2
31.1
22.1
+48.5%
Receivables
74.9
61.9
42.3
+21.0%
Other assets
59.9
47.6
22.3
+25.9%
Total assets
494
461
420
+7.2%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.