GoPro Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 9, 2024
GPRO$0.84-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2023 | 2022 | 2021 |
| Operating activities: | |||
| Net income (loss) | $(53,183) | $28,847 | $371,171 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 6,160 | 8,570 | 10,962 |
| Non-cash operating lease cost | 3,090 | 5,501 | 4,240 |
| Stock-based compensation | 41,479 | 38,991 | 38,650 |
| Deferred income taxes | (17,891) | 2,710 | (273,541) |
| Non-cash restructuring charges | — | 228 | (99) |
| Non-cash interest expense | — | — | 14,208 |
| Gain on extinguishment of debt | (3,092) | — | — |
| Other | (2,600) | 1,022 | 2,243 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (14,478) | 37,829 | (8,142) |
| Inventory | 20,865 | (40,722) | 11,505 |
| Prepaid expenses and other assets | (7,649) | 7,922 | (17,513) |
| Accounts payable and other liabilities | (4,226) | (97,112) | 56,262 |
| Deferred revenue | (1,338) | 11,961 | 19,207 |
| Net cash provided by (used in) operating activities | (32,863) | 5,747 | 229,153 |
| Investing activities: | |||
| Purchases of property and equipment, net | (1,520) | (3,447) | (5,545) |
| Purchases of marketable securities | (25,782) | (165,590) | (146,515) |
| Maturities of marketable securities | 149,204 | 160,649 | 8,341 |
| Net cash provided by (used in) investing activities | 121,902 | (8,388) | (143,719) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 3,876 | 4,760 | 7,490 |
| Taxes paid related to net share settlement of equity awards | (8,008) | (13,410) | (17,379) |
| Repurchase of outstanding common stock | (40,000) | (39,619) | — |
| Payment to partially repurchase 2025 convertible senior notes | (46,250) | — | — |
| Repayment of debt | — | (125,000) | — |
| Net cash used in financing activities | (90,382) | (173,269) | (9,889) |
| Effect of exchange rate changes on cash and cash equivalents | 316 | (1,442) | (2,112) |
| Net change in cash and cash equivalents | (1,027) | (177,352) | 73,433 |
| Cash and cash equivalents at beginning of period | 223,735 | 401,087 | 327,654 |
| Cash and cash equivalents at end of period | $222,708 | $223,735 | $401,087 |
| Supplementary cash flow disclosure: | |||
| Cash paid for interest | $1,976 | $4,258 | $6,127 |
| Cash paid (refunded) for income taxes, net | $(537) | $2,100 | $810 |
| Non-cash investing and financing activities: | |||
|---|---|---|---|
| Purchases of property and equipment included in accounts payable and accrued liabilities | $214 | $215 | $587 |
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