GoPro, Inc.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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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.
FY2024 · Filed Mar 17, 2025
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) | 2024 | 2023 | 2022 |
| Operating activities: | |||
| Net income (loss) | $(432,311) | $(53,183) | $28,847 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 6,491 | 6,160 | 8,570 |
| Non-cash operating lease cost | 1,050 | 3,090 | 5,501 |
| Stock-based compensation | 29,132 | 41,479 | 38,991 |
| Deferred income taxes, net | 296,771 | (17,891) | 2,710 |
| Non-cash restructuring charges | — | — | 228 |
| Impairment of right-of-use assets | 3,276 | — | — |
| Gain on extinguishment of debt | — | (3,092) | — |
| Other | 461 | (2,600) | 1,022 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 5,291 | (14,478) | 37,829 |
| Inventory | (14,450) | 20,865 | (40,722) |
| Prepaid expenses and other assets | 1,080 | (7,649) | 7,922 |
| Accounts payable and other liabilities | (21,162) | (4,226) | (97,112) |
| Deferred revenue | (770) | (1,338) | 11,961 |
| Net cash provided by (used in) operating activities | (125,141) | (32,863) | 5,747 |
| Investing activities: | |||
| Purchases of property and equipment, net | (4,039) | (1,520) | (3,447) |
| Purchases of marketable securities | — | (25,782) | (165,590) |
| Maturities of marketable securities | 24,000 | 149,204 | 160,649 |
| Acquisition, net of cash acquired | (12,308) | — | — |
| Net cash provided by (used in) investing activities | 7,653 | 121,902 | (8,388) |
| Financing activities: | |||
| Proceeds from issuance of common stock | 2,150 | 3,876 | 4,760 |
| Taxes paid related to net share settlement of equity awards | (3,079) | (8,008) | (13,410) |
| 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 | (929) | (90,382) | (173,269) |
| Effect of exchange rate changes on cash and cash equivalents | (1,480) | 316 | (1,442) |
| Net change in cash and cash equivalents | (119,897) | (1,027) | (177,352) |
| Cash and cash equivalents at beginning of period | 222,708 | 223,735 | 401,087 |
| Cash and cash equivalents at end of period | $102,811 | $222,708 | $223,735 |
| Supplementary cash flow disclosure: | |||
| Cash paid for interest | $1,286 | $1,976 | $4,258 |
| Cash paid (refunded) for income taxes, net | $1,093 | $(537) | $2,100 |
|---|---|---|---|
| Non-cash investing and financing activities: | |||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $1,047 | $214 | $215 |
| Receipt of equity from asset sale | $999 | $— | $— |
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