10-Q Filing

ROKU, INC CIK: 1428439 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-018520`
Period End Date	20190331
Filing Date	20190510
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	roku-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 32 Cash Flow Statement 67 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
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`	$236.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.56M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$42.15M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$27.40M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$26.35M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$183.08M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$174.19M	USD	Point-in-time
Inventories	`InventoryNet`	$33.40M	USD	Point-in-time
Inventories	`InventoryNet`	$35.59M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.37M	USD	Point-in-time
Deferred cost of revenue, current	`DeferredCostsCurrent`	$636.00K	USD	Point-in-time
Deferred cost of revenue, current	`DeferredCostsCurrent`	$1.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$520.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$432.94M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.78M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$71.01M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$39.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.34M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.48M	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`	$3.94M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.25M	USD	Point-in-time
Total Assets	`Assets`	$628.13M	USD	Point-in-time
Total Assets	`Assets`	$465.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$148.56M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$146.92M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$45.44M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$41.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$188.86M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$15.30M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$19.59M	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$59.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.09M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$267.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$220.35M	USD	Point-in-time
Commitments and contingencies (Note 7 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$624.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$498.55M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-263.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$360.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$152.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$193.48M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$244.65M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$465.00M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$628.13M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$206.66M	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$136.58M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$105.77M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$73.46M	USD	1 Quarter
Total gross profit	`GrossProfit`	$63.11M	USD	1 Quarter
Total gross profit	`GrossProfit`	$100.89M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$34.13M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$55.74M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$20.32M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$33.81M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.57M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$111.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$70.01M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-6.90M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-10.74M	USD	1 Quarter
Interest expense	`InterestRevenueExpenseNet`	$-98.00K	USD	1 Quarter
Interest expense	`InterestRevenueExpenseNet`	$-51.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$448.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$967.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$397.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$869.00K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.87M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.50M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$129.00K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-139.00K	USD	1 Quarter
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-6.63M	USD	1 Quarter
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-9.73M	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Weighted-average shares used in computing net loss per share attributable to common stockholdersbasic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.88M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to common stockholdersbasic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.49M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-9.73M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.66M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$17.86M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.43M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$201.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$181.00K	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$344.00K	USD	1 Quarter
Loss from exit of facilities	`LossFromExitOfFacilities`	$-129.00K	USD	1 Quarter
Amortization of premiums on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$182.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.99M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.19M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.64M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.12M	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-3.44M	USD	1 Quarter
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-552.00K	USD	1 Quarter
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-2.09M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$353.00K	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-685.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.61M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.47M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$-2.49M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-581.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-118.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.48M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.80M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.64M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.70M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.41M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.07M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$12.37M	USD	1 Quarter
Sales/maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$27.31M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.87M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.41M	USD	1 Quarter
Proceeds from equity issued under incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.54M	USD	1 Quarter
Proceeds from equity issued under incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$10.09M	USD	1 Quarter
Proceeds from equity issued under at-the-market program, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$98.03M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$108.12M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.54M	USD	1 Quarter
Net Increase (Decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$107.29M	USD	1 Quarter
Net Increase (Decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.50M	USD	1 Quarter
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.25M	USD	Point-in-time
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.56M	USD	Point-in-time
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$160.75M	USD	Point-in-time
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.85M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.85M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$160.75M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.25M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$236.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.56M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$26.35M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.56M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$177.25M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$160.75M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.85M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$542.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$557.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$180.00K	USD	1 Quarter
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$4.77M	USD	1 Quarter
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$1.46M	USD	1 Quarter
Unpaid portion of at-the-market offering costs	`UnpaidPortionOfAtTheMarketOfferingCosts`	$249.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
At the market offering issuance cost	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$2.00M	USD	1 Quarter
Balance	`StockholdersEquity`	$360.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$152.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$193.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$244.65M	USD	Point-in-time
Vesting of early exercised stock options	`VestingOfEarlyExercisedOptions`	$17.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedOptions`	$106.00K	USD	1 Quarter
Issuance of common stock pursuant to equityincentive plans, net of taxes	`StockIssuedDuringPeriodValueShareBasedCompensation`	$10.09M	USD	1 Quarter
Issuance of common stock upon exercise of stock options, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.00M	USD	1 Quarter
Issuance of common stock upon exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.97M	shares	1 Quarter
Issuance of common stock in connection with at-the-market offering, net of issuance costs of $2.0 million	`StockIssuedDuringPeriodValueNewIssues`	$98.03M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.86M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.43M	USD	1 Quarter
Unrealized gain on short-term investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on short-term investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$18.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.73M	USD	1 Quarter
Balance	`StockholdersEquity`	$360.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$152.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$193.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$244.65M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-6.63M	USD	1 Quarter
Net Loss Attributable to Common Stockholders	`NetIncomeLoss`	$-9.73M	USD	1 Quarter
Unrealized gain on short-term investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on short-term investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$18.00K	USD	1 Quarter
Comprehensive Net Loss	`ComprehensiveIncomeNetOfTax`	$-9.71M	USD	1 Quarter
Comprehensive Net Loss	`ComprehensiveIncomeNetOfTax`	$-6.63M	USD	1 Quarter

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