Blackline (BL) FY2020 results: revenue $352 million, up 21.7% on the year
Blackline, Inc. (BL) reported revenue of $352 million for fiscal 2020, the year ended 31 December 2020, up 21.7% on the year before. Net income was -$47 million, and diluted earnings per share $-0.83. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$352 million
+21.7% on the year
FY2014FY2020
Operating margin
-5.7%
-9.7% a year earlier
FY2014FY2020
Net income
-$47 million
FY2014FY2020
Diluted EPS
-$0.83
FY2014FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
352
289
228
+21.7%
Cost of revenue
69.0
59.0
50.9
+17.0%
Gross profit
283
230
177
+22.9%
Gross margin
80.4%
79.6%
77.7%
Research and development
56.5
43.0
30.8
+31.3%
Operating income
-19.9
-27.9
-29.8
Operating margin
-5.7%
-9.7%
-13.1%
Interest expense
23.3
8.7
0.0
+169.5%
Pre-tax income
-38.7
-30.4
-27.7
Income tax
0.7
1.7
1.1
-59.3%
Net income
-46.9
-32.5
-28.7
Net margin
-13.3%
-11.3%
-12.6%
Diluted EPS
-$0.83
-$0.59
-$0.53
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
54.7
29.7
16.1
+84.1%
Capital expenditure
6.5
4.6
6.3
+40.6%
Free cash flow
48.2
25.1
9.9
+92.2%
Free cash flow margin
13.7%
8.7%
4.3%
Cash from investing
174
-408
-16.0
Cash from financing
18.9
453
14.5
-95.8%
Depreciation and amortisation
20.9
21.3
22.3
-1.8%
Share-based compensation
49.7
34.1
20.9
+45.9%
Diluted shares, weighted
57m
55m
54m
+2.7%
Shares outstanding at period end
58m
56m
55m
+3.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
422
399
319
+5.9%
Redeemable equity
12.5
4.9
4.4
+155.3%
Debt
407
384
0.0
+5.9%
Operating lease liabilities
7.4
10.6
n/a
-30.6%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
265
216
170
+22.4%
Total liabilities and equity
1,114
1,015
494
+9.8%
Fixed assets
13.2
13.0
13.5
+1.7%
Goodwill
290
185
185
+56.5%
Intangible assets
46.7
17.5
27.8
+166.4%
Investments
175
488
86.4
-64.1%
Cash and equivalents
367
120
46.2
+205.6%
Receivables
111
103
74.9
+8.2%
Other assets
110
88.3
59.9
+24.6%
Total assets
1,114
1,015
494
+9.8%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.