Blackline (BL) FY2023 results: revenue $590 million, up 12.8% on the year
Blackline, Inc. (BL) reported revenue of $590 million for fiscal 2023, the year ended 31 December 2023, up 12.8% on the year before. Net income was $53 million, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$590 million
+12.8% on the year
FY2016FY2023
Operating margin
2.4%
-10.7% a year earlier
FY2016FY2023
Net income
$53 million
FY2016FY2023
Diluted EPS
$0.81
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
127
56.0
80.1
+126.0%
Capital expenditure
6.0
11.0
8.7
-45.8%
Free cash flow
121
45.0
71.4
+167.9%
Free cash flow margin
20.5%
8.6%
16.8%
Cash from investing
-62.5
-396
-507
Cash from financing
6.1
1.4
599
+328.0%
Depreciation and amortisation
50.1
42.8
27.1
+17.0%
Share-based compensation
78.0
75.9
65.9
+2.7%
Diluted shares, weighted
72m
60m
58m
+21.0%
Shares outstanding at period end
62m
60m
59m
+2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
261
112
325
+133.2%
Redeemable equity
30.1
23.9
28.7
+25.8%
Debt
1,390
1,384
1,114
+0.4%
Operating lease liabilities
15.7
9.3
13.2
+69.4%
Finance lease liabilities
0.0
0.8
0.8
-99.5%
Other liabilities
404
414
336
-2.2%
Total liabilities and equity
2,101
1,944
1,818
+8.1%
Fixed assets
14.9
19.8
16.3
-25.0%
Goodwill
449
444
290
+1.1%
Intangible assets
79.1
90.9
36.2
-13.0%
Investments
933
874
659
+6.8%
Cash and equivalents
271
201
540
+34.9%
Receivables
172
151
125
+13.8%
Other assets
182
163
152
+11.4%
Total assets
2,101
1,944
1,818
+8.1%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.