A Moving to another question will save this response Question 8 Over the last two reporting periods, GoPro's current liabilities as a percentage of total liabilities (current liabilities / total liabilities) a increased b. decreased Ostayed the same Od cannot be determined Consolidated Balance Sheets December 31, 2019 December 31, 2018 $ in thousands, except par values) Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable, net Inventory Prepaid expenses and other current assets Total current assets Property and equipment, net Operating Jense right-of- usets Intangible assets, net Goodwi Other long term assets Total assets 150 301 14,847 200,634 144.236 25,958 535,975 36519 53,121 5,247 146459 15461 792 303 152,095 45.417 129 216 118.458 30.887 474,073 46,567 13.065 146,450 18,195 698.369 148.478 136 803 Liabilities and Stockholders' Equity Current Vabic Accounts payable Accrved expenses and other current liabides Short term operating losse labis Deferred rever Total current liabilities Long-term taxes payable Long term ett Long-term operating lasebis Overlong-term Babies Totalbes 100,6055 141,700 9.099 15467 327051 13.20 148 810 67.901 6.7.20 859 274 16.129 299.490 19,553 134002 28203 486.27 Comment contingencies and guarantees (Note Stoosholders equity Preferred stock 50.0001par Vahe, 5.000 are authored on sued Common look and final paid in capital, $0 0001 par value 500.000 Class A shares authored, 117002 and 105,170 shares issued and outstanding, respectively, 150 000 shares authonzed, 28.897 and 35 897 shares stored and outstanding, respectively Treasury stook a cost10.710 and 10 710 shares, respectively Accumulated delica Total stockholders' equity Total abities and stockholders' equity 330 ats (113613) (583.733) 7335.29 792.803 94.755 (113613) Seo 0301 212.112 350 5 5 The accompagnons are art of the found Notes to Consolidated Financial Statements Accrued expenses and other current liabilities (In thousands) Accrued payables Accrued sales incentives Employee related liabilities Retum labinity Warranty ability Inventory received Customer deposits Purchase order commitments Income taxes payable Other Accrued expenses and other current iabities December 31, 2019 42,153 $ 39,120 20,494 14,854 9,899 5.737 2063 1,710 5,106 4,504 141,700 December 31, 2018 34 690 40.918 19.775 13,100 9,604 5,061 3.105 2015 1.948 5,670 135,892 See Note 11 Restoring charges termurto mociuted with tracta Product warranty Year ended December 31, in thousands) 2019 2018 2017 Beginning balance 10.971 5 10,5735 11.045 Charged to cost of revenue 16,933 24,725 20,139 Settlement of warranty claims (16.500) 124.127) (21.711 Warranty ability 11,390 10.9715 10.373 At December 31, 2019 and 2018, 59.9 million and $9.6 million of the warranty itability was recorded as a component of accrued expenses and other Current liabilities, respectively, and $15 million and $14 million was recorded as a component of other long-term liabilities, respectively 4. Financing Arrangements Credit Facility In March 2016, the Company entered into a Credit Agreement (Credit Agreement with certain banks which provides for a secured revolving credit facility (Credit Facility) under which the Company may borrow up to an aggregate amount of $2500 million The Company and its lenders may increase the total commitments under the Credit Facility to up to an aggregate amount of $300 o million subject to certain conditions. The Credit Facility wil terminate and any outstanding borrowings become due and payable in March 2021 The amount that may be borrowed under the Credit Facility is determined at periodic intervals and is based upon the Company's inventory and accounts receivable balances Borrowed funds accrue interest based on an annual rate of (a) London Interbank Offered Rate (LIBOR) or (b) the administrative agent's base rate, plus an applicable margin of between 1.50% and 200% for LIBOR rate loans, and between 0 50% and 100% for base rate loans. The Company is required to pay a commitment fee on the unused portion of the Credit Facility of 0.25% or 0.375% per annum based on the level of utilization of the Credit Facility Amounts owed under the Credit Agreement and related credit documents are guaranteed by GoPro, Inc. and its material subsidiaries GoPro, Inc and its Netherlands subsidiary have so granted security interests in substantially all of thes assets to collateralize this obligation The Credit Agreement contains customary covenants, such as financial statement reporting requirements and limiting the ability of the Company and its subsidianes to pay dividends or incur debt.create liens and encumbrances make investments and redeem or repurchase stock. The Company is required to maintain a