Investor Presentaiton

Historical Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) (in thousands) GAAP net cash (used in) provided by operating activities Less: purchase of property and equipment Less: capitalized software development costs Non-GAAP free cash flow blackbaud 3 months ended 3/31/2020 (24,503) 6 months ended 6/30/2020 9 months ended 9/30/2020 12 months ended 12/31/2020 3 months ended 3/31/2021 6 months ended 6/30/2021 9 months ended 9/30/2021 37,488 109,165 147,955 30,103 99,922 (2,867) (5,887) (25,836) (29,690) (3,470) (6,128) 169,788 (8,332) (10,937) (21,679) (32,028) (42,157) (9,302) (19,862) (29,661) (38,307) $ 9,922 $ 51,301 $ 76,108 $ 17,331 $ 73,932 $ 131,795 52 62

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