Blackline (BL) FY2019 results: revenue $289 million, up 26.9% on the year
Blackline, Inc. (BL) reported revenue of $289 million for fiscal 2019, the year ended 31 December 2019, up 26.9% on the year before. Net income was -$33 million, and diluted earnings per share $-0.59. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$289 million
+26.9% on the year
FY2014FY2019
Operating margin
-9.7%
-13.1% a year earlier
FY2014FY2019
Net income
-$33 million
FY2014FY2019
Diluted EPS
-$0.59
FY2014FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
289
228
176
+26.9%
Cost of revenue
59.0
50.9
41.5
+15.9%
Gross profit
230
177
134
+30.0%
Gross margin
79.6%
77.7%
76.4%
Research and development
43.0
30.8
23.9
+39.8%
Operating income
-27.9
-29.8
-30.4
Operating margin
-9.7%
-13.1%
-17.3%
Interest expense
8.7
0.0
0.0
+216,150.0%
Pre-tax income
-30.4
-27.7
-32.8
Income tax
1.7
1.1
0.6
+60.9%
Net income
-32.5
-28.7
-33.4
Net margin
-11.3%
-12.6%
-19.0%
Diluted EPS
-$0.59
-$0.53
-$0.64
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
29.7
16.1
6.4
+84.2%
Capital expenditure
4.6
6.3
4.0
-26.3%
Free cash flow
25.1
9.9
2.4
+154.6%
Free cash flow margin
8.7%
4.3%
1.4%
Cash from investing
-408
-16.0
-7.0
Cash from financing
453
14.5
9.6
+3,016.0%
Depreciation and amortisation
21.3
22.3
20.0
-4.8%
Share-based compensation
34.1
20.9
16.0
+63.0%
Diluted shares, weighted
55m
54m
52m
+2.6%
Shares outstanding at period end
56m
55m
53m
+2.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
399
319
316
+24.9%
Redeemable equity
4.9
4.4
0.0
+11.8%
Debt
384
0.0
0.0
Operating lease liabilities
10.6
n/a
n/a
Other liabilities
216
170
145
+26.9%
Total liabilities and equity
1,015
494
461
+105.4%
Fixed assets
13.0
13.5
12.8
-3.8%
Goodwill
185
185
185
0.0%
Intangible assets
17.5
27.8
40.8
-36.9%
Investments
488
86.4
81.5
+464.3%
Cash and equivalents
120
46.2
31.1
+160.3%
Receivables
103
74.9
61.9
+37.3%
Other assets
88.3
59.9
47.6
+47.3%
Total assets
1,015
494
461
+105.4%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.