10-Q Filing

ROKU, INC CIK: 1428439 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-021290`
Period End Date	20180630
Filing Date	20180810
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	roku-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 74 Cash Flow Statement 60 Stockholders Equity 11

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$177.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$174.17M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$120.55M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$123.61M	USD	Point-in-time
Inventories	`InventoryNet`	$39.43M	USD	Point-in-time
Inventories	`InventoryNet`	$32.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.37M	USD	Point-in-time
Deferred cost of revenue, current portion	`DeferredCostsCurrent`	$3.01M	USD	Point-in-time
Deferred cost of revenue, current portion	`DeferredCostsCurrent`	$1.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$353.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$344.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$14.74M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.21M	USD	Point-in-time
Deferred cost of revenue, non-current portion	`DeferredCosts`	$5.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.03M	USD	Point-in-time
Goodwill	`Goodwill`	$1.38M	USD	Point-in-time
Goodwill	`Goodwill`	$1.38M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.54M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.43M	USD	Point-in-time
Total Assets	`Assets`	$381.67M	USD	Point-in-time
Total Assets	`Assets`	$371.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.03M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$128.76M	USD	Point-in-time
Deferred revenue, current portion	`DeferredRevenueCurrent`	$39.15M	USD	Point-in-time
Deferred revenue, current portion	`DeferredRevenueCurrent`	$34.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$163.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$150.18M	USD	Point-in-time
Deferred revenue, non-current portion	`DeferredRevenueNoncurrent`	$48.51M	USD	Point-in-time
Deferred revenue, non-current portion	`DeferredRevenueNoncurrent`	$12.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.29M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$219.62M	USD	Point-in-time
Total Liabilities	`Liabilities`	$169.90M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$435.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$462.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-251.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-283.34M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$152.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$211.76M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$381.67M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$371.90M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$99.63M	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$293.39M	USD	2 Qtrs
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$156.81M	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$199.72M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$152.52M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$123.24M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$61.99M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$79.06M	USD	1 Quarter
Total gross profit	`GrossProfit`	$77.75M	USD	1 Quarter
Total gross profit	`GrossProfit`	$140.86M	USD	2 Qtrs
Total gross profit	`GrossProfit`	$37.64M	USD	1 Quarter
Total gross profit	`GrossProfit`	$76.48M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$25.78M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$48.12M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$74.32M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$40.20M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$42.58M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$14.67M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$22.26M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$28.72M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$20.86M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$147.90M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$51.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$77.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$97.69M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-132.00K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-21.22M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-13.38M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-7.03M	USD	2 Qtrs
Interest expense	`InterestExpense`	$304.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$57.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$108.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$471.00K	USD	2 Qtrs
Change in fair value of preferred stock warrant liability	`FairValueAdjustmentOfWarrants`	$2.65M	USD	2 Qtrs
Change in fair value of preferred stock warrant liability	`FairValueAdjustmentOfWarrants`	$1.92M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$361.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$211.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$809.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$128.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.09M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.91M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$701.00K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$304.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.13M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.47M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.33M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$172.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$86.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-225.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-354.00K	USD	1 Quarter
Net Income (Loss) Attributable to Common Stockholders	`NetIncomeLoss`	$-6.11M	USD	2 Qtrs
Net Income (Loss) Attributable to Common Stockholders	`NetIncomeLoss`	$-15.51M	USD	1 Quarter
Net Income (Loss) Attributable to Common Stockholders	`NetIncomeLoss`	$-24.21M	USD	2 Qtrs
Net Income (Loss) Attributable to Common Stockholders	`NetIncomeLoss`	$526.00K	USD	1 Quarter
Net income (loss) per share attributable to common stockholdersbasic	`EarningsPerShareBasic`	$-4.98	USD	2 Qtrs
Net income (loss) per share attributable to common stockholdersbasic	`EarningsPerShareBasic`	$-3.18	USD	1 Quarter
Net income (loss) per share attributable to common stockholdersbasic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income (loss) per share attributable to common stockholdersbasic	`EarningsPerShareBasic`	$-0.06	USD	2 Qtrs
Net income (loss) per share attributable to common stockholdersdiluted	`EarningsPerShareDiluted`	$-0.06	USD	2 Qtrs
Net income (loss) per share attributable to common stockholdersdiluted	`EarningsPerShareDiluted`	$-4.98	USD	2 Qtrs
Net income (loss) per share attributable to common stockholdersdiluted	`EarningsPerShareDiluted`	$-3.18	USD	1 Quarter
Net income (loss) per share attributable to common stockholdersdiluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	102.65M	shares	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.87M	shares	2 Qtrs
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	101.08M	shares	2 Qtrs
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.88M	shares	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.08M	shares	2 Qtrs
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.87M	shares	2 Qtrs
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	121.70M	shares	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to common stockholdersdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.88M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-24.21M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.11M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.61M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.58M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.74M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.59M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$294.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$286.00K	USD	2 Qtrs
Change in fair value of preferred stock warrant liability	`FairValueAdjustmentOfWarrants`	$1.92M	USD	1 Quarter
Change in fair value of preferred stock warrant liability	`FairValueAdjustmentOfWarrants`	$2.65M	USD	2 Qtrs
Noncash interest expense	`PaidInKindInterest`	$300.00K	USD	2 Qtrs
Loss from exit of facilities	`GainLossFromExitOfFacilities`	$-385.00K	USD	2 Qtrs
Loss on disposals of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-51.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.84M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.38M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.80M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.49M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-309.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.10M	USD	2 Qtrs
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$2.62M	USD	2 Qtrs
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-2.01M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.80M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.33M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.49M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-558.00K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.56M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$15.08M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.39M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.21M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.47M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.01M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.59M	USD	2 Qtrs
Change in deposits	`ChangeInDepositsUnderInvestingActivities`	$86.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.01M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.50M	USD	2 Qtrs
Proceeds from borrowings, net	`ProceedsFromDebtNetOfIssuanceCosts`	$24.69M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$15.00M	USD	2 Qtrs
Proceeds from equity issued under incentive plans, net of repurchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$17.40M	USD	2 Qtrs
Proceeds from equity issued under incentive plans, net of repurchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$203.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.89M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.40M	USD	2 Qtrs
Net Increase (Decrease) In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.61M	USD	2 Qtrs
Net Increase (Decrease) In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.08M	USD	2 Qtrs
Cash and cash equivalentsBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.17M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$174.17M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.25M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.56M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.56M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.25M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$174.17M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.17M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$136.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$349.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$66.00K	USD	2 Qtrs
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$1.04M	USD	2 Qtrs
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$893.00K	USD	2 Qtrs
Unpaid initial public offering cost	`UnpaidInitialPublicOfferingCosts`	$186.00K	USD	2 Qtrs
Issuance of convertible preferred stock warrants in connection with debt	`DebtConversionConvertedInstrumentAmount1`	$2.03M	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$152.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$211.76M	USD	Point-in-time
Vesting of early exercised stock options	`VestingOfEarlyExercisedOptions`	$173.00K	USD	2 Qtrs
Issuance of common stock pursuant to equity incentive plans, net of taxes	`StockIssuedDuringPeriodValueShareBasedCompensation`	$17.38M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$526.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.21M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-15.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.11M	USD	2 Qtrs
Balance	`StockholdersEquity`	$152.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$211.76M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.