Please help me come up with some feedback for both the Statements of Cash Flows and Stockholders Equity
- 7-10 solid comments regarding Cash Flows and StockHolders (or as many as possible)
- Explain which increases ordecreases / what jumps out to you & implications of that
- Note which observations are the good (if any) and any that are not so good indicators.
-Comments on the grand total Cash Flow from Operating Activities as one of the 7-10 comments
Consolidated Statements of Cash Flows Year ended December 31, 2018 2019 2017 (14,642) $ (109,034) $ (182,873) 35,063 41.478 (in thousands) Operating activities: Not loss Adjustments to reconcile not loss to net cash used in operating activities: Depreciation and amortization Non-cash operating lease cost Stock-based compensation Deferred income taxes Non-cash restructuring charges Non-cash interest expense Gain on sale and license of intellectual property Other Changes in operating assets and liabilities: Accounts receivable, net Inventory Prepaid expenses and other assets Accounts payable and other liabilities Deferred revenue Net cash used in operating activities 26,268 6,990 37,188 (32) (199) 8,987 40,887 (389) 6,282 8,112 (5,000) 1,696 51,255 (2,527) 7,315 5,345 (1,182) 4,094 (71,269) (27,778) 7.486 3,210 529 (24,444) (16,460) 34,093 35,390 (70,400) (2,674) (42,434) 52,278 16,641 9,303 (44,411) 5,249 (36,853) Investing activities: Purchases of property and equipment, net Purchases of marketable securities Matunities of marketable securities Sale of marketable securities Proceeds from the sale and license of intellectual property Net cash provided by (used in) investing activities (8,348) (43,636) 56,888 17,867 (11,004) (57,731) 57,500 (24,061) (52,318) 21,659 11,623 5,000 (6,235) 22,771 (43,097) 5,574 (6,618) 5,169 (6,650) 9,751 (12,118) 175,000 (78,000) (75) Financing activities: Proceeds from issuance of common stock Taxes paid related to not share settlement of equity awards Proceeds from issuance of convertible senior notes Prepayment of forward stock repurchase transaction Payment of deferred acquisition-related consideration Payment of debt issuance costs Proceeds from borrowings Repayment of borrowings Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period TTTT (5,964) 20,000 (20,000) (1,044) 923 (1,794) 152,095 150,301 (1,481) (259) (50,409) 202,504 152,095 88,594 1,746 10,390 192,114 202,504 $ $ $ Supplementary cash flow disclosure: GoPro, Inc. Consolidated Statements of Stockholders' Equity in thousands Common stock and additional paid. in capital Shares Amount 141,359 $ 757226 Treasury stock Amount (35,613) Accumulated deficit Stockholders equity $ $ (274,668) 446,945 Balances at December 31, 2016 Common stock issued under employee benefit plans, net of shares withheld fort 4,807 9.732 (12,118) 54,037 9.732 (12,118) T! 54,037 Taxes paid related to net share settlements Slock-based compensation expense Repurchase of common stock under Prepaid Forward contract Issuance of Convertible Note Cumulative effect of adoption of new accounting standard (9,166) (78,000) 45211 365 178,001) 45,211 15,772 15,407 Net loss (182 873) (182,873) 137,000 854,452 13.613) (442,134) 298,705 Balances at December 31, 2017 Common stock issued under employee benefit plans, net of shares withheld 4,067 Taxes paid related to net share settements 5,099 15,650) 41,854 Stock-based compensation expense Cumulative effect of adoption of new accounting standard 5,099 (6.650) 41,854 (17,862) (109,034) 212,112 (17,862) (109,034) Net loss 141,057 894.755 Balances at December 31, 2018 Common stock issued under employee benefit plans, net of shares withheld (113,613) (569,030) 5,751 5,553 5,553 16,618) 37,185 Taxes paid related to net share selements Stock-based compensation expense (Note 6) Cumulative effect of adoption of new accounting standard (Note 1) Net loss Balances at December 31, 2019 (61) 14,642) (583,733) (6,618) 37,185 161) (14,642) 233,529 146,818 $ 930,875 $ (113,613) $ $ The accompanying notes are an integral part of these consolidated financial statements 64
