2019 Q1 Form 10-Q Financial Statement

#000150043519000031 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $242.7M $202.3M
YoY Change 19.95% -7.44%
Cost Of Revenue $162.4M $157.4M
YoY Change 3.13% 4.92%
Gross Profit $80.35M $44.92M
YoY Change 78.88% -34.49%
Gross Profit Margin 33.1% 22.2%
Selling, General & Admin $63.17M $68.68M
YoY Change -8.02% -24.21%
% of Gross Profit 78.62% 152.9%
Research & Development $37.46M $50.98M
YoY Change -26.51% -22.95%
% of Gross Profit 46.63% 113.5%
Depreciation & Amortization $6.850M $8.907M
YoY Change -23.09% -23.83%
% of Gross Profit 8.53% 19.83%
Operating Expenses $100.6M $119.7M
YoY Change -15.9% -23.68%
Operating Profit -$20.29M -$74.74M
YoY Change -72.85% -15.28%
Interest Expense $4.527M $4.567M
YoY Change -0.88% 461.06%
% of Operating Profit
Other Income/Expense, Net -$3.699M -$4.390M
YoY Change -15.74% 572.28%
Pretax Income -$107.7M -$79.10M
YoY Change 36.13% -10.99%
Income Tax $1.359M -$2.800M
% Of Pretax Income
Net Earnings -$24.37M -$76.35M
YoY Change -68.09% -31.31%
Net Earnings / Revenue -10.04% -37.73%
Basic Earnings Per Share -$0.55
Diluted Earnings Per Share -$171.1K -$0.55
COMMON SHARES
Basic Shares Outstanding 137.9M shares
Diluted Shares Outstanding 137.9M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.3M $144.8M
YoY Change -7.99% 93.43%
Cash & Equivalents $86.94M $105.0M
Short-Term Investments $46.32M $39.85M
Other Short-Term Assets $26.40M $32.70M
YoY Change -19.27% -29.22%
Inventory $119.0M $132.6M
Prepaid Expenses
Receivables $117.8M $81.43M
Other Receivables $0.00 $0.00
Total Short-Term Assets $396.5M $391.6M
YoY Change 1.24% 1.94%
LONG-TERM ASSETS
Property, Plant & Equipment $46.51M $62.79M
YoY Change -25.93% -14.12%
Goodwill $146.5M $146.5M
YoY Change 0.0% 0.0%
Intangibles $11.00M $21.84M
YoY Change -49.65% -29.86%
Long-Term Investments
YoY Change
Other Assets $16.79M $26.19M
YoY Change -35.89% -67.19%
Total Long-Term Assets $274.4M $257.3M
YoY Change 6.64% -22.16%
TOTAL ASSETS
Total Short-Term Assets $396.5M $391.6M
Total Long-Term Assets $274.4M $257.3M
Total Assets $670.8M $648.9M
YoY Change 3.38% -9.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.76M $87.53M
YoY Change 4.82% -32.53%
Accrued Expenses $131.6M $146.9M
YoY Change -10.47% -13.71%
Deferred Revenue $14.07M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $234.0M $249.7M
YoY Change -6.3% -20.45%
LONG-TERM LIABILITIES
Long-Term Debt $141.3M $132.2M
YoY Change 6.88%
Other Long-Term Liabilities $4.303M $32.34M
YoY Change -86.69% 106.77%
Total Long-Term Liabilities $4.303M $32.34M
YoY Change -86.69% 106.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $234.0M $249.7M
Total Long-Term Liabilities $4.303M $32.34M
Total Liabilities $472.3M $432.8M
YoY Change 9.12% 23.92%
SHAREHOLDERS EQUITY
Retained Earnings -$569.1M -$460.0M
YoY Change 23.72% 24.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $113.6M $113.6M
YoY Change 0.0% 219.02%
Treasury Stock Shares 10.71M shares 10.71M shares
Shareholders Equity $198.6M $216.1M
YoY Change
Total Liabilities & Shareholders Equity $670.8M $648.9M
YoY Change 3.38% -9.21%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$24.37M -$76.35M
YoY Change -68.09% -31.31%
Depreciation, Depletion And Amortization $6.850M $8.907M
YoY Change -23.09% -23.83%
Cash From Operating Activities -$64.98M -$97.11M
YoY Change -33.08% -29.6%
INVESTING ACTIVITIES
Capital Expenditures $724.0K $6.782M
YoY Change -89.32% 31.28%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.100M
YoY Change -100.0% -80.23%
Cash From Investing Activities -$1.383M -$1.678M
YoY Change -17.58% -108.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.812M $3.210M
YoY Change 18.75% -46.84%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.139M $808.0K
YoY Change 40.97% -352.5%
NET CHANGE
Cash From Operating Activities -$64.98M -$97.11M
Cash From Investing Activities -$1.383M -$1.678M
Cash From Financing Activities $1.139M $808.0K
Net Change In Cash -$65.15M -$97.98M
YoY Change -33.5% -16.71%
FREE CASH FLOW
Cash From Operating Activities -$64.98M -$97.11M
Capital Expenditures $724.0K $6.782M
Free Cash Flow -$65.71M -$103.9M
YoY Change -36.75% -27.4%

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CY2019Q1 us-gaap Use Of Estimates
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Use of estimates. <span style="font-family:Arial;font-size:10pt;color:#009fdf;font-style:italic;font-weight:bold;"> </span>The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the Company’s condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by management include those related to revenue recognition (including sales incentives, sales returns and implied post contract support), stock-based compensation, inventory valuation, product warranty liabilities, the valuation and useful lives of long-lived assets (property and equipment, operating lease right-of-use assets, 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.
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14800000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
16100000 USD
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5700000 USD
CY2018Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6200000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60095000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46567000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46510000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
135892000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
131577000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10812000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
77478000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
28203000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4325000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-569030000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-569091000 USD
CY2019Q1 us-gaap Cash
Cash
78900000 USD
CY2018Q4 us-gaap Cash
Cash
133600000 USD
CY2019Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
21212000 USD
CY2018Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
19205000 USD
CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
97758000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
97253000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
118970000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
116458000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
170073000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
169948000 USD
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127393000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
123381000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
42680000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46567000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50501000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39533000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10968000 USD
CY2019Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
15000 USD
CY2019Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
15000 USD
CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
50516000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39533000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10983000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50501000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37451000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13050000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
15000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
15000 USD
CY2019Q1 gpro Accrued Payables
AccruedPayables
27308000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
50516000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37451000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13065000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000 USD
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5736000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4363000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
869000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
0 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
0 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10968000 USD
CY2019Q1 gpro Pointof Purchase Pop Displays
PointofPurchasePOPDisplays
7385000 USD
CY2018Q4 gpro Pointof Purchase Pop Displays
PointofPurchasePOPDisplays
9130000 USD
CY2019Q1 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
915000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
945000 USD
CY2019Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8493000 USD
CY2018Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8120000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16793000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18195000 USD
CY2019Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
46983000 USD
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
40918000 USD
CY2018Q4 gpro Accrued Payables
AccruedPayables
34696000 USD
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10538000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19775000 USD
CY2019Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
8995000 USD
CY2018Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
13100000 USD
CY2019Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
10187000 USD
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
9604000 USD
CY2019Q1 gpro Accrued Inventory
AccruedInventory
4166000 USD
CY2018Q4 gpro Accrued Inventory
AccruedInventory
5061000 USD
CY2019Q1 us-gaap Deposits
Deposits
2181000 USD
CY2018Q4 us-gaap Deposits
Deposits
3105000 USD
CY2019Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
1770000 USD
CY2018Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
2015000 USD
CY2019Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1580000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1948000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3582000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5670000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
117290000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
135892000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10971000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10373000 USD
CY2019Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
6149000 USD
CY2018Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
6000000 USD
CY2019Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5527000 USD
CY2018Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6966000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11593000 USD
CY2018Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9407000 USD
CY2017Q2 us-gaap Convertible Debt
ConvertibleDebt
128300000 USD
CY2017Q2 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
46700000 USD
CY2017Q2 gpro Paymentsfor Repurchaseof Equity Prepaid Forward
PaymentsforRepurchaseofEquityPrepaidForward
78000000.0 USD
CY2017Q2 gpro Treasury Shares Acquired Estimated Prepaid Forward
TreasurySharesAcquiredEstimatedPrepaidForward
9200000 shares
CY2019Q1 gpro Numberof Stockbased Employee Compensation Plans
NumberofStockbasedEmployeeCompensationPlans
3 plan
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5993000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.28
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y5M8D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7897000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2019Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2055000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.75
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
149000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.91
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3789000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.49
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2149000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3789000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
10.49
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y7D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
2149000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2561000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.25
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M20D
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1411000 USD
CY2019Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
458000 shares
CY2018Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
632000 shares
CY2019Q1 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
4.96
CY2018Q1 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
4.78
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9785000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10823000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-24365000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-76347000 USD
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
142601000 shares
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
137857000 shares
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.17
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.55
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12962000 shares
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17593000 shares
CY2019Q1 gpro Treasury Shares Acquired Estimated Prepaid Forward
TreasurySharesAcquiredEstimatedPrepaidForward
9200000 shares
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
378000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2782000 USD
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.016
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.035
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24000000.0 USD
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.016
CY2019Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
500000 USD
CY2019Q1 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
1300000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000 USD
CY2019Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1400000 USD
CY2019Q1 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
100000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2800000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-79100000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.035
CY2018Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
400000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10900000 USD
CY2018Q1 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
1100000 USD
CY2018Q1 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
200000 USD
CY2018Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10600000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32600000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
17400000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5105000 USD
CY2018Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3409000 USD
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
231000 USD
CY2018Q1 us-gaap Sublease Income
SubleaseIncome
189000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
4874000 USD
CY2018Q1 us-gaap Lease Cost
LeaseCost
3220000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4736000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1018000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M8D
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11058000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18245000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17716000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17430000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
16861000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21676000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
102986000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
84749000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
18237000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
14845000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
17654000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
17763000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
17552000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
17052000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
22951000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
107817000 USD
CY2019Q1 us-gaap Other Commitment
OtherCommitment
183000000.0 USD
CY2019Q1 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
16423000 USD
CY2018Q1 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
18596000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
220000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
221000 USD
CY2019Q1 us-gaap Revenues
Revenues
242708000 USD
CY2018Q1 us-gaap Revenues
Revenues
202346000 USD
CY2018Q1 us-gaap Restructuring Charges
RestructuringCharges
16738000 USD
CY2019Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
30200000 USD
CY2019Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
18000000.0 USD
CY2019Q1 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
13600000 USD

Files In Submission

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0001500435-19-000031-index-headers.html Edgar Link pending
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0001500435-19-000031.txt Edgar Link pending
0001500435-19-000031-xbrl.zip Edgar Link pending
exhibita1.jpg Edgar Link pending
exhibita2.jpg Edgar Link pending
exhibitb.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
goprologoa11.jpg Edgar Link pending
gpro-20190331.xsd Edgar Link pending
gpro-20190331_cal.xml Edgar Link unprocessable
gpro-20190331_def.xml Edgar Link unprocessable
gpro-20190331_lab.xml Edgar Link unprocessable
gpro-20190331_pre.xml Edgar Link unprocessable
gpro2019-03x3110xq.htm Edgar Link pending
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