2022 Q1 Form 10-Q Financial Statement

#000150043522000030 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $216.7M $203.7M
YoY Change 6.39% 70.59%
Cost Of Revenue $126.2M $125.0M
YoY Change 1.0% 54.35%
Gross Profit $90.48M $78.70M
YoY Change 14.97% 104.79%
Gross Profit Margin 41.75% 38.64%
Selling, General & Admin $50.72M $49.78M
YoY Change 1.88% -20.05%
% of Gross Profit 56.05% 63.25%
Research & Development $31.60M $32.43M
YoY Change -2.57% 0.46%
% of Gross Profit 34.92% 41.21%
Depreciation & Amortization $2.302M $3.534M
YoY Change -34.86% -40.93%
% of Gross Profit 2.54% 4.49%
Operating Expenses $82.31M $82.21M
YoY Change 0.13% -13.05%
Operating Profit $8.162M -$3.512M
YoY Change -332.4% -93.74%
Interest Expense $2.209M $5.880M
YoY Change -62.43% 21.41%
% of Operating Profit 27.06%
Other Income/Expense, Net -$2.528M -$5.437M
YoY Change -53.5% -208.41%
Pretax Income $5.600M -$8.900M
YoY Change -162.92% -85.43%
Income Tax -$100.0K $1.200M
% Of Pretax Income -1.79%
Net Earnings $5.685M -$10.17M
YoY Change -155.91% -83.99%
Net Earnings / Revenue 2.62% -4.99%
Basic Earnings Per Share $0.04 -$0.07
Diluted Earnings Per Share $0.04 -$0.07
COMMON SHARES
Basic Shares Outstanding 156.9M shares 152.2M shares
Diluted Shares Outstanding 188.7M shares 152.2M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $449.9M $296.8M
YoY Change 51.6% 137.57%
Cash & Equivalents $305.3M $296.8M
Short-Term Investments $144.6M
Other Short-Term Assets $26.87M $28.90M
YoY Change -7.03% 16.06%
Inventory $119.4M $111.8M
Prepaid Expenses
Receivables $70.57M $68.63M
Other Receivables $0.00 $0.00
Total Short-Term Assets $666.8M $506.1M
YoY Change 31.75% 35.72%
LONG-TERM ASSETS
Property, Plant & Equipment $17.29M $21.70M
YoY Change -20.32% -35.54%
Goodwill $146.5M $146.5M
YoY Change 0.0% 0.0%
Intangibles $30.00K $506.0K
YoY Change -94.07% -87.16%
Long-Term Investments
YoY Change
Other Assets $289.8M $11.52M
YoY Change 2415.6% -23.27%
Total Long-Term Assets $479.2M $210.8M
YoY Change 127.3% -15.73%
TOTAL ASSETS
Total Short-Term Assets $666.8M $506.1M
Total Long-Term Assets $479.2M $210.8M
Total Assets $1.146B $716.9M
YoY Change 59.85% 15.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.93M $77.28M
YoY Change 7.3% 21.18%
Accrued Expenses $96.59M $93.18M
YoY Change 3.66% -4.47%
Deferred Revenue $43.91M $32.04M
YoY Change 37.04% 122.2%
Short-Term Debt $124.9M $0.00
YoY Change
Long-Term Debt Due $125.0M
YoY Change
Total Short-Term Liabilities $358.3M $211.5M
YoY Change 69.38% -1.44%
LONG-TERM LIABILITIES
Long-Term Debt $140.3M $221.9M
YoY Change -36.77% 46.57%
Other Long-Term Liabilities $7.300M $3.644M
YoY Change 100.33% -28.34%
Total Long-Term Liabilities $7.300M $3.644M
YoY Change 100.33% -28.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $358.3M $211.5M
Total Long-Term Liabilities $7.300M $3.644M
Total Liabilities $553.2M $505.4M
YoY Change 9.45% 13.44%
SHAREHOLDERS EQUITY
Retained Earnings $47.10M -$660.7M
YoY Change -107.13% 2.07%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $123.6M $113.6M
YoY Change 8.8% 0.0%
Treasury Stock Shares 11.83M shares 10.71M shares
Shareholders Equity $592.8M $211.5M
YoY Change
Total Liabilities & Shareholders Equity $1.146B $716.9M
YoY Change 59.85% 15.06%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $5.685M -$10.17M
YoY Change -155.91% -83.99%
Depreciation, Depletion And Amortization $2.302M $3.534M
YoY Change -34.86% -40.93%
Cash From Operating Activities -$73.41M -$25.49M
YoY Change 187.96% -62.67%
INVESTING ACTIVITIES
Capital Expenditures $520.0K $1.068M
YoY Change -51.31% 34.34%
Acquisitions
YoY Change
Other Investing Activities -$7.211M $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.731M -$1.068M
YoY Change 623.88% -117.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.401M -$2.998M
YoY Change -346.86% -258.88%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$14.58M -$3.248M
YoY Change 348.77% -110.87%
NET CHANGE
Cash From Operating Activities -$73.41M -$25.49M
Cash From Investing Activities -$7.731M -$1.068M
Cash From Financing Activities -$14.58M -$3.248M
Net Change In Cash -$95.77M -$30.90M
YoY Change 209.93% -5.98%
FREE CASH FLOW
Cash From Operating Activities -$73.41M -$25.49M
Capital Expenditures $520.0K $1.068M
Free Cash Flow -$73.93M -$26.56M
YoY Change 178.34% -61.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<span style="color:#009fdf;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Point of purchase (POP) displays.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company provides retailers with POP displays, generally free of charge, in order to facilitate the marketing of the Company’s products within retail stores. The POP displays contain a display that broadcasts video images taken by GoPro cameras along with product placement available for cameras and accessories. POP display costs are capitalized as long-term assets and charged to sales and marketing expense over the expected period of benefit, which generally ranges from 24 to 36 months. Cash outflows and amortization related to POP displays are classified as operating activities in the consolidated statement of cash flows.</span>Amortization expense for POP displays was $2.8 million, $2.8 million and $4.2 million in 2022, 2021 and 2020, respectively.
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1004000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
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112000 USD
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CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q1 us-gaap Increase Decrease In Inventories
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32987000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
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13919000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-14925000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3537000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-56132000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
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965000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
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3499000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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-73407000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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520000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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1068000 USD
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
23111000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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15900000 USD
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
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2599000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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2998000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7175000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6246000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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10000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
401087000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327654000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
305319000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
296754000 USD
CY2020Q4 us-gaap Stockholders Equity
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216018000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2998000 USD
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6246000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8869000 USD
CY2021Q1 us-gaap Net Income Loss
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-10168000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
211471000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
615914000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2371000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2371000 USD
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7175000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9836000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1120000 shares
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Value
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10000000 USD
CY2022Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adopted
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true
CY2022Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adopted
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true
CY2022Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adopted
ChangeInAccountingPrincipleAccountingStandardsUpdateAdopted
true
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
5685000 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
592786000 USD
CY2022Q1 us-gaap Use Of Estimates
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<span style="color:#009fdf;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates. </span><span style="color:#009fdf;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 and the allocation of the transaction price (including sales incentives, sales returns and implied post contract support), inventory valuation, product warranty liabilities, the valuation, impairment and useful lives of long-lived assets (property and equipment, operating lease right-of-use assets, intangible assets and goodwill), fair value of convertible senior notes, 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, including but not limited to the potential impacts arising from the COVID-19 pandemic, 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. The extent and continued impact of COVID-19 has been taken into account by management in making the significant assumptions and estimates related to the above; however, if the duration and spread of the outbreak, the impact </span>on the Company’s customers, and the effect on the Company’s contract manufacturers, vendors and supply chains is different from the Company’s estimates and assumptions, then actual results could differ materially. Given the uncertainty with respect to COVID-19, the Company’s estimates and assumptions may evolve as conditions change. To the extent there are material differences between the estimates and the actual results, future results of operations could be affected.
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
49400000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
48500000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16600000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10200000 USD
CY2022Q1 us-gaap Revenue Recognition Incentives
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<span style="color:#009fdf;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Sales incentives.</span><span style="color:#006ebf;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span>The Company offers sales incentives through various programs, including cooperative advertising, price protection, marketing development funds and other incentives. Sales incentives are considered to be variable consideration, which the Company estimates and records as a reduction to revenue at the date of sale. The Company estimates sales incentives based on historical experience, product sell-through and other factors.
CY2022Q1 us-gaap Common Stocks Including Additional Paid In Capital
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78200000 USD
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47100000 USD
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7300000 USD
CY2022Q1 us-gaap Cash
Cash
103900000 USD
CY2021Q4 us-gaap Cash
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217800000 USD
CY2022Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
30823000 USD
CY2021Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
10761000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
88573000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
75648000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
119396000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
86409000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
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120463000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
121777000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
103169000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
102774000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
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17294000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19003000 USD
CY2022Q1 gpro Pointof Purchase Pop Displays
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2220000 USD
CY2021Q4 gpro Pointof Purchase Pop Displays
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2509000 USD
CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
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278760000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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274430000 USD
CY2022Q1 us-gaap Deposits Assets Noncurrent
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8777000 USD
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8238000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
15000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
62000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
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289772000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
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285239000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
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100000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
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700000 USD
CY2022Q1 us-gaap Other Accounts Payable And Accrued Liabilities
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29028000 USD
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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34989000 USD
CY2022Q1 us-gaap Accrued Marketing Costs Current
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27485000 USD
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34117000 USD
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7647000 USD
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19024000 USD
CY2022Q1 us-gaap Customer Refund Liability Current
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6472000 USD
CY2021Q4 us-gaap Customer Refund Liability Current
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9263000 USD
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
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7691000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8268000 USD
CY2022Q1 gpro Accrued Inventory
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4633000 USD
CY2021Q4 gpro Accrued Inventory
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7169000 USD
CY2022Q1 us-gaap Deposits
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2330000 USD
CY2021Q4 us-gaap Deposits
Deposits
2760000 USD
CY2022Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
2238000 USD
CY2021Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
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1369000 USD
CY2022Q1 us-gaap Other Liabilities Current
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9067000 USD
CY2021Q4 us-gaap Other Liabilities Current
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11613000 USD
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CY2022Q1 us-gaap Product Warranty Expense
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2885000 USD
CY2021Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
2655000 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3715000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3726000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8012000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7452000 USD
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7700000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8300000 USD
CY2022Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
300000 USD
CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
500000 USD
CY2022Q1 gpro Debt Instrument Covenant Compliance Asset Coverage Ratio
DebtInstrumentCovenantComplianceAssetCoverageRatio
1.50
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5.2 USD
CY2021Q4 gpro Payments To Repurchase Convertible Debt
PaymentsToRepurchaseConvertibleDebt
50000000 USD
CY2021Q4 us-gaap Interest Paid
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200000 USD
CY2017Q2 us-gaap Payments For Derivative Instrument Financing Activities
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78000000 USD
CY2017Q2 us-gaap Ownshare Lending Arrangement Shares Issued
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9200000 shares
CY2020Q4 gpro Shares Returned Under Prepaid Forward
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8800000 shares
CY2017Q2 us-gaap Ownshare Lending Arrangement Shares Issued
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9200000 shares
CY2021Q2 gpro Shares Returned Under Prepaid Forward
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400000 shares
CY2021Q4 gpro Adjustments To Additional Paid In Capital Purchase Of Capped Call Transactions
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallTransactions
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CY2020Q4 gpro Option Indexed To Issuers Equity Cap Price
OptionIndexedToIssuersEquityCapPrice
12.0925 USD
CY2022Q1 us-gaap Common Stocks Including Additional Paid In Capital
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78200000 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
47100000 USD
CY2022Q1 us-gaap Other Liabilities Noncurrent
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7300000 USD
CY2022Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
124900000 USD
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100 USD
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
90 USD
CY2022Q1 us-gaap Treasury Stock Shares Acquired
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1120 shares
CY2022Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.93
CY2022Q1 us-gaap Stock Repurchased During Period Value
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10000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3080000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.18
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y11M1D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8735000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
321000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.70
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.93
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
22000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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13.95
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3359000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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9.12
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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4914 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3359000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
9.12
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
4914 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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2273000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.38
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M13D
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2636 USD
CY2022Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
300000 shares
CY2021Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
500000 shares
CY2022Q1 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
7.70
CY2021Q1 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
4.15
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9836000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8869000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M17D
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
5685000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-10168000 USD
CY2022Q1 us-gaap Interest On Convertible Debt Net Of Tax
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1521000 USD
CY2021Q1 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Parent Diluted
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7206000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-10168000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156864000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152181000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
31873000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188737000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152181000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4256000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15944000 shares
CY2020Q4 us-gaap Option Indexed To Issuers Equity Strike Price1
OptionIndexedToIssuersEquityStrikePrice1
12.0925
CY2021Q1 gpro Treasury Shares Acquired Estimated Prepaid Forward
TreasurySharesAcquiredEstimatedPrepaidForward
9200000 shares
CY2021Q1 gpro Treasury Shares Acquired Estimated Prepaid Forward
TreasurySharesAcquiredEstimatedPrepaidForward
9200000 shares
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-51000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1219000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5600000 USD
CY2022Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1400000 USD
CY2022Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1400000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1200000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8900000 USD
CY2021Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1300000 USD
CY2021Q1 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
1800000 USD
CY2021Q1 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
200000 USD
CY2021Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2000000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21800000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21300000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7900000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2850000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3096000 USD
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
731000 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
133000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
2119000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
2963000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3777000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3690000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
821000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y5M4D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M20D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
9205000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
12758000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
11748000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
11477000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
11710000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
974000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
57872000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7803000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
50069000 USD
CY2022Q1 us-gaap Other Commitment
OtherCommitment
348500000 USD
CY2022Q1 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
23949000 USD
CY2021Q1 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
30734000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
53000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
207000 USD
CY2022Q1 us-gaap Revenues
Revenues
216705000 USD
CY2021Q1 us-gaap Revenues
Revenues
203680000 USD

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0001500435-22-000030.txt Edgar Link pending
0001500435-22-000030-xbrl.zip Edgar Link pending
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gpro-20220331.htm Edgar Link pending
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