$GPRO
GoPro, Inc.

2016 Q2 Form 10-Q Financial Statement

#000150043516000116 Filed on July 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $220.8M $419.9M
YoY Change -47.43% 71.67%
Cost Of Revenue $127.8M $225.6M
YoY Change -43.37% 59.15%
Gross Profit $93.00M $194.3M
YoY Change -52.14% 88.92%
Gross Profit Margin 42.13% 46.28%
Selling, General & Admin $109.3M $89.75M
YoY Change 21.82% 5.75%
% of Gross Profit 117.56% 46.18%
Research & Development $93.05M $58.45M
YoY Change 59.19% 68.63%
% of Gross Profit 100.05% 30.08%
Depreciation & Amortization $9.500M $6.400M
YoY Change 48.44% 52.38%
% of Gross Profit 10.21% 3.29%
Operating Expenses $202.4M $148.2M
YoY Change 36.56% 23.98%
Operating Profit -$109.4M $46.14M
YoY Change -337.06% -376.84%
Interest Expense $516.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $660.0K $122.0K
YoY Change 440.98% -107.94%
Pretax Income -$108.7M $46.26M
YoY Change -335.01% -354.15%
Income Tax -$16.95M $11.23M
% Of Pretax Income 24.27%
Net Earnings -$91.77M $35.03M
YoY Change -361.96% -276.56%
Net Earnings / Revenue -41.57% 8.34%
Basic Earnings Per Share -$0.66 $0.26
Diluted Earnings Per Share -$0.66 $0.24
COMMON SHARES
Basic Shares Outstanding 138.9M shares 133.2M shares
Diluted Shares Outstanding 138.9M shares 146.8M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $279.2M $517.0M
YoY Change -45.99% 392.84%
Cash & Equivalents $163.5M $338.0M
Short-Term Investments $115.7M $179.0M
Other Short-Term Assets $38.10M $80.60M
YoY Change -52.73% 3525.73%
Inventory $89.89M $219.3M
Prepaid Expenses
Receivables $65.02M $118.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $472.2M $935.4M
YoY Change -49.53% 211.92%
LONG-TERM ASSETS
Property, Plant & Equipment $66.53M $52.25M
YoY Change 27.32% 34.19%
Goodwill $146.5M $51.00M
YoY Change 187.19%
Intangibles $46.07M $27.53M
YoY Change 67.37% 915.76%
Long-Term Investments
YoY Change
Other Assets $133.2M $45.31M
YoY Change 193.87% 23.93%
Total Long-Term Assets $392.2M $176.1M
YoY Change 122.74% 90.77%
TOTAL ASSETS
Total Short-Term Assets $472.2M $935.4M
Total Long-Term Assets $392.2M $176.1M
Total Assets $864.4M $1.112B
YoY Change -22.24% 183.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.64M $156.5M
YoY Change -59.32% 184.84%
Accrued Expenses $151.1M $133.4M
YoY Change 13.23% 69.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $226.3M $307.9M
YoY Change -26.48% 44.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $40.64M $20.68M
YoY Change 96.54% 50.73%
Total Long-Term Liabilities $40.64M $20.68M
YoY Change 96.54% -62.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $226.3M $307.9M
Total Long-Term Liabilities $40.64M $20.68M
Total Liabilities $267.0M $328.6M
YoY Change -18.74% 22.72%
SHAREHOLDERS EQUITY
Retained Earnings -$54.89M $160.0M
YoY Change -134.31% -657.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.61M
YoY Change
Treasury Stock Shares 1.545M shares
Shareholders Equity $597.4M $783.0M
YoY Change
Total Liabilities & Shareholders Equity $864.4M $1.112B
YoY Change -22.24% 183.41%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$91.77M $35.03M
YoY Change -361.96% -276.56%
Depreciation, Depletion And Amortization $9.500M $6.400M
YoY Change 48.44% 52.38%
Cash From Operating Activities -$45.40M $65.80M
YoY Change -169.0% -698.18%
INVESTING ACTIVITIES
Capital Expenditures -$4.000M -$16.10M
YoY Change -75.16% 101.25%
Acquisitions
YoY Change
Other Investing Activities -$35.50M -$63.60M
YoY Change -44.18% 2093.1%
Cash From Investing Activities -$39.50M -$79.70M
YoY Change -50.44% 631.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -200.0K 28.20M
YoY Change -100.71% 81.94%
NET CHANGE
Cash From Operating Activities -45.40M 65.80M
Cash From Investing Activities -39.50M -79.70M
Cash From Financing Activities -200.0K 28.20M
Net Change In Cash -85.10M 14.30M
YoY Change -695.1% -323.44%
FREE CASH FLOW
Cash From Operating Activities -$45.40M $65.80M
Capital Expenditures -$4.000M -$16.10M
Free Cash Flow -$41.40M $81.90M
YoY Change -150.55% -2830.0%

Facts In Submission

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us-gaap Operating Income Loss
OperatingIncomeLoss
68406000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-109377000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-230812000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
111561000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
133161000 USD
CY2015Q4 us-gaap Other Commitment
OtherCommitment
28800000 USD
CY2016Q2 us-gaap Other Commitment
OtherCommitment
67000000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6536000 USD
CY2016Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7446000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
35766000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
40641000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
122000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2122000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
660000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
353000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2956000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1162000 USD
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
0 USD
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
950000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3221000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
903000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
112326000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
57706000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
104353000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21269000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12192000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2016Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25261000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38057000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17139000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4405000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
34446000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
78093000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6405000 USD
CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8969000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8719000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10855000 USD
CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8011000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8939000 USD
CY2015Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
10400000 USD
CY2016Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8594000 USD
CY2016Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
300000 USD
CY2015Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5559000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9039000 USD
CY2016Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4943000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10457000 USD
CY2015Q2 us-gaap Product Warranty Expense
ProductWarrantyExpense
5309000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
11353000 USD
CY2016Q2 us-gaap Product Warranty Expense
ProductWarrantyExpense
5871000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
8541000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
120290000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
130435000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
70050000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66525000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58453000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
107890000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
93049000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
170028000 USD
us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.07
us-gaap Restructuring Charges
RestructuringCharges
6500000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
144335000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-54891000 USD
CY2015Q2 us-gaap Revenues
Revenues
419919000 USD
us-gaap Revenues
Revenues
783028000 USD
CY2016Q2 us-gaap Revenues
Revenues
220755000 USD
us-gaap Revenues
Revenues
404291000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
63494000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
119863000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
84888000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
164337000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
18189000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
44690000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
17404000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
33135000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
3
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8230000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
820000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
18.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2405000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
108846000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
49301000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13081000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13719000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.82
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.01
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
49267000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
11.90
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
13427000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.56
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.16
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
11949000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
29146000 USD
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
12018000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
22985000 USD
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
48772000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M21D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M26D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y6M11D
us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
313233 shares
us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
431673 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
947000 shares
CY2015Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 USD
CY2015Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
264400000 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
264400000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
772033000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
597390000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1545000 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1545000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
35613000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
35613000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36300000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
51400000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
31200000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146781000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147720000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138942000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138243000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133150000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132716000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138942000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138243000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#009fdf;font-weight:bold;">Prior period reclassifications. </font><font style="font-family:Arial;font-size:10pt;">Reclassifications of certain prior period amounts in the condensed consolidated financial statements have been made to conform to the current period presentation.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#009fdf;font-weight:bold;">Use of estimates. </font><font style="font-family:Arial;font-size:10pt;color:#009fdf;font-style:italic;font-weight:bold;"> </font><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the Company&#8217;s condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by management include those related to revenue recognition (including sales returns, implied post contract support and marketing allowances), stock-based compensation, inventory valuation, product warranty liabilities, the valuation and useful lives of long-lived assets (property and equipment, intangible assets and goodwill) and income taxes. The Company bases its estimates and assumptions on historical experience and on various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from management's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations could be affected.</font></div></div>

Files In Submission

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0001500435-16-000116.txt Edgar Link pending
0001500435-16-000116-xbrl.zip Edgar Link pending
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gpro-20160630.xml Edgar Link completed
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gpro-20160630_def.xml Edgar Link unprocessable
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gpro2016-06x30exhibit1003.htm Edgar Link pending
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