10-Q Filing

ROKU, INC CIK: 1428439 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-024356`
Period End Date	20200331
Filing Date	20200511
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	roku-10q_20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 32 Cash Flow Statement 74 Stockholders Equity 19 Comprehensive Income 5

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`	$588.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$515.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$236.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.54M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.85M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$26.35M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$295.36M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$332.67M	USD	Point-in-time
Inventories	`InventoryNet`	$49.71M	USD	Point-in-time
Inventories	`InventoryNet`	$43.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$925.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$968.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$148.06M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$273.31M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$283.29M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$72.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$76.67M	USD	Point-in-time
Goodwill	`Goodwill`	$73.06M	USD	Point-in-time
Goodwill	`Goodwill`	$74.12M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$7.23M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.76M	USD	Point-in-time
Total Assets	`Assets`	$1.47B	USD	Point-in-time
Total Assets	`Assets`	$1.54B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$328.87M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$313.57M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.87M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.75M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$38.46M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$39.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$358.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$372.08M	USD	Point-in-time
Long-term debt, non-current	`LongTermDebtNoncurrent`	$94.74M	USD	Point-in-time
Long-term debt, non-current	`LongTermDebtNoncurrent`	$162.63M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$14.79M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$15.37M	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$301.69M	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$312.63M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.67M	USD	Point-in-time
Total Liabilities	`Liabilities`	$771.81M	USD	Point-in-time
Total Liabilities	`Liabilities`	$865.80M	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.01B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.05B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-369.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-313.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$698.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$360.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$675.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$244.65M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.47B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.54B	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`	$320.77M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$105.77M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$179.66M	USD	1 Quarter
Total gross profit	`GrossProfit`	$141.10M	USD	1 Quarter
Total gross profit	`GrossProfit`	$100.89M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$88.28M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$55.74M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$33.81M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$68.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$39.74M	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`	$196.27M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-55.16M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-10.74M	USD	1 Quarter
Interest expense	`InterestRevenueExpenseNet`	$-863.00K	USD	1 Quarter
Interest expense	`InterestRevenueExpenseNet`	$-98.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$967.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.26M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$869.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$398.00K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.87M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-54.77M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-155.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-139.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-54.61M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.73M	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Weighted-average shares used in computing net loss per share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.88M	shares	1 Quarter
Weighted-average shares used in computing net loss per share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	120.18M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-54.61M	USD	1 Quarter
Net loss	`ProfitLoss`	$-9.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.45M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$17.86M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$30.41M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$181.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.79M	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$344.00K	USD	1 Quarter
Amortization of premiums on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$182.00K	USD	1 Quarter
Other items, net	`OtherOperatingActivitiesCashFlowStatement`	$-14.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.46M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.74M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.12M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.81M	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-9.21M	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
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.47M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-685.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.12M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.61M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$-2.49M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$13.56M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.17M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-581.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.98M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.80M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.70M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.94M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.32M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.07M	USD	1 Quarter
Proceeds from resolution of purchase acquisition contingencies	`ProceedsFromResolutionOfPurchaseAcquisitionContingencies`	$1.06M	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`	$-44.26M	USD	1 Quarter
Proceeds from borrowing, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$69.33M	USD	1 Quarter
Repayments made on borrowings	`RepaymentsOfDebt`	$1.25M	USD	1 Quarter
Proceeds from equity issued under at-the-market program, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$98.03M	USD	1 Quarter
Proceeds from equity issued under incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.74M	USD	1 Quarter
Proceeds from equity issued under incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$10.09M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.82M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$108.12M	USD	1 Quarter
Net Increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$72.50M	USD	1 Quarter
Net Increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$107.29M	USD	1 Quarter
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.85M	USD	Point-in-time
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$517.33M	USD	Point-in-time
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$589.83M	USD	Point-in-time
Cash, cash equivalents and restricted cashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$155.56M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$589.83M	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`	$262.85M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$517.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$588.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$515.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$236.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.54M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.85M	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`	$589.83M	USD	Point-in-time
Cash, cash equivalents and restricted cashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$517.33M	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 interest	`InterestPaidNet`	$1.07M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$557.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$238.00K	USD	1 Quarter
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$4.77M	USD	1 Quarter
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$14.15M	USD	1 Quarter
Unpaid portion of purchased intangibles	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$400.00K	USD	1 Quarter
Unpaid portion of at-the-market offering costs	`UnpaidPortionOfAtTheMarketOfferingCosts`	$249.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
At the market offering issuance cost	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$2.00M	USD	1 Quarter
Balance	`StockholdersEquity`	$698.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$360.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$675.91M	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`	$17.00K	USD	1 Quarter
Issuance of common stock pursuant to equity incentive plans, net of taxes	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.74M	USD	1 Quarter
Issuance of common stock pursuant to equity incentive plans, net of taxes	`StockIssuedDuringPeriodValueShareBasedCompensation`	$10.09M	USD	1 Quarter
Issuance of common stock in connection with at-the-market offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$98.03M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.41M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.86M	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$18.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-54.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.73M	USD	1 Quarter
Balance	`StockholdersEquity`	$698.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$360.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$675.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$244.65M	USD	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-54.61M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.73M	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`	$-54.61M	USD	1 Quarter

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