Question 2 At the most recent balance sheet date, how much debt does the company have to repay within the next year (in thousands)? O a $160 695 O b. $327051 O.c.$599,274 Od $148,810 GoPro, Inc. 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 lease right-of-use assets Intangible assets.net Goodwill Other long-term assets Total assets 150 301 14.847 200,634 144,236 25,958 535,970 36 539 53,121 5.247 148 459 15401 792 803 152,095 45.417 129,216 116,458 30,887 474,073 46,567 13,005 140.459 18,195 698,350 $ 148.478 135.892 Liabilities and Stockholders' Equity Current abilities: Accounts payable Accrued expenses and other current liabilities Short term operating lease abilities Deferred revenue Total current liabilities Long-term taxes payable Long-term deb Long-term operating lease les Other long term liabilities Total abilities 160,696 141,700 9,099 15467 327051 13,720 148,810 62.961 6,726 559 274 15,129 299,499 19,563 138.992 28203 486,247 Commitments, contingencies and guarantees (0) Stockholders equity Preferred stock. 60.0001 par value, 5,000 shares authored, none issued Common stock and additional pidin Capital, SO 0001 par value 500.000 Class A shares authorized, 117,922 and 105 170 shares issued and outstanding, respectively. 150.000 Class 8shares authorised, 28.897 and 35,807 share issued and outstanding, respectively 930.875 Treasury stock, al cost, 10.710 and 10,710 shares, respectively (113,013) Accumulated deficit (583.733) Total stockholders' equity 233.520 Totallies and stockholders' equity 702 103 The accompanying notes are a grapart of these consolidated ancial statement 894.755 (113.613) (5000301 212.112 098.350 5 62 GoPro, Inc Notes to Consolidated Financial Statements Accrued expenses and other current liabilities $ (In thousands) Accrued payables Accrued sales incentives Employee related abilities) Return liability Warranty liability Inventory received Customer deposits Purchase order commitments Income taxes payable Other Accrued expenses and other current liabilities December 31, 2019 42,153 $ 39,120 20,494 14,854 9,899 5,737 2,063 1,710 1.166 4,594 141,790 $ December 31, 2018 34 696 40,918 19,775 13.100 9,604 5,061 3.105 2015 1.948 5,670 135,892 $ See Note 11 Restructuring charges for amounts associated with structuring finitie Product warranty Year onded December 31 (in thousands) 2019 2018 2017 Beginning balance 5 10,971 $ 10.3735 11.945 Charged to cost of revenue 16,933 24,725 20,139 Settlement of warranty claims (16,506) (24,127) (21,711) Warranty ability 11,398 10,971 5 10,373 Al December 31, 2019 and 2018, 89.9 million and $9.6 million of the warranty liability was recorded as a component of accrued expenses and other current liabilities, respectively, and $1.5 million and S14 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 $250.0 million. The Company and its lenders may increase the total commitments under the Credit Facility to up to an aggregate amount of $300 million, subject to certain conditions. The credit Facility will 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 2.00% for LIBOR rate loans, and between 0 50% and 100% for base rate loans. The Company is required to pay a commitment tee 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 also granted security Interests in substantially all of the assets to collateralize this obligation The Credit Agreement contains customary covenants, such as financial statement reporting requirements and limiting the ability of the Company sut ries to pay dividends or incur debt, create liens and encumbrances make investments, and redeem or repurchase stock. The Company is required to maintain a