10-Q Filing

ROKU, INC CIK: 1428439 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-025558`
Period End Date	20210331
Filing Date	20210507
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	roku-10q_20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 36 Cash Flow Statement 77 Stockholders Equity 18

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.24M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$28.26M	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`	$2.08B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$588.29M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.54M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$83.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$434.00K	USD	Point-in-time
Accounts receivable, net of allowances of $28,256 and $41,236 as of	`AccountsReceivableNetCurrent`	$496.17M	USD	Point-in-time
Accounts receivable, net of allowances of $28,256 and $41,236 as of	`AccountsReceivableNetCurrent`	$523.85M	USD	Point-in-time
Inventories	`InventoryNet`	$53.90M	USD	Point-in-time
Inventories	`InventoryNet`	$41.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$134.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.75B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$155.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$155.20M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$265.24M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$266.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$62.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$79.25M	USD	Point-in-time
Goodwill	`Goodwill`	$125.68M	USD	Point-in-time
Goodwill	`Goodwill`	$73.06M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$112.58M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$16.27M	USD	Point-in-time
Total Assets	`Assets`	$3.49B	USD	Point-in-time
Total Assets	`Assets`	$2.27B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$96.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$347.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$477.40M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.87M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.12M	USD	Point-in-time
Deferred revenue, current portion	`DeferredRevenueCurrent`	$55.47M	USD	Point-in-time
Deferred revenue, current portion	`DeferredRevenueCurrent`	$48.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$628.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$520.32M	USD	Point-in-time
Long-term debt, non-current portion	`LongTermDebtNoncurrent`	$87.40M	USD	Point-in-time
Long-term debt, non-current portion	`LongTermDebtNoncurrent`	$89.87M	USD	Point-in-time
Deferred revenue, non-current portion	`DeferredRevenueNoncurrent`	$22.62M	USD	Point-in-time
Deferred revenue, non-current portion	`DeferredRevenueNoncurrent`	$21.28M	USD	Point-in-time
Operating lease liability, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$307.94M	USD	Point-in-time
Operating lease liability, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$303.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$942.53M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.05B	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$13.00K	USD	Point-in-time
Common stock, $0.0001 par value	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.66B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.70B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-256.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-332.41M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$698.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.33B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$675.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.44B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.49B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.27B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$320.77M	USD	1 Quarter
Total net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$574.18M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$179.66M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$247.41M	USD	1 Quarter
Total gross profit	`GrossProfit`	$326.77M	USD	1 Quarter
Total gross profit	`GrossProfit`	$141.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$88.28M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$101.58M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$88.87M	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`	$60.51M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$196.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$250.97M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$75.81M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-55.16M	USD	1 Quarter
Interest expense	`InterestRevenueExpenseNet`	$-863.00K	USD	1 Quarter
Interest expense	`InterestRevenueExpenseNet`	$-742.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.26M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$441.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$398.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-301.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-54.77M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.50M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-155.00K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-791.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-54.61M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$76.30M	USD	1 Quarter
Net income (loss) per share basic	`EarningsPerShareBasic`	$-0.45	USD	1 Quarter
Net income (loss) per share basic	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Net income (loss) per share diluted	`EarningsPerShareDiluted`	$-0.45	USD	1 Quarter
Net income (loss) per share diluted	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Weighted-average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	129.67M	shares	1 Quarter
Weighted-average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	120.18M	shares	1 Quarter
Weighted-average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	140.33M	shares	1 Quarter
Weighted-average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	120.18M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$76.30M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-54.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.45M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$40.54M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$30.41M	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$9.21M	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$6.46M	USD	1 Quarter
Amortization of content assets	`AmortizationExpenseOfLicensedContentAssets`	$6.12M	USD	1 Quarter
Amortization of content assets	`AmortizationExpenseOfLicensedContentAssets`	$9.82M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.79M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-54.00K	USD	1 Quarter
Other items, net	`OtherOperatingActivitiesCashFlowStatement`	$31.00K	USD	1 Quarter
Other items, net	`OtherOperatingActivitiesCashFlowStatement`	$-14.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.46M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.61M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.74M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.65M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$967.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.00M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$60.48M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.86M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.65M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.80M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$29.05M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$13.56M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseOperatingLeaseLiabilities`	$-12.44M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$548.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.17M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.98M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-10.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.94M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.72M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.32M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$102.80M	USD	1 Quarter
Proceeds from escrows associated with acquisition	`ProceedsFromEscrowsAssociatedWithAcquisition`	$1.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.26M	USD	1 Quarter
Proceeds from equity issued under at-the-market offerings, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$989.62M	USD	1 Quarter
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$69.33M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$1.25M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$1.25M	USD	1 Quarter
Proceeds from equity issued under incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.74M	USD	1 Quarter
Proceeds from equity issued under incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$6.71M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.82M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$995.07M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$984.35M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$72.50M	USD	1 Quarter
Cash, cash equivalents and restricted cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.08B	USD	Point-in-time
Cash, cash equivalents and restricted cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.09B	USD	Point-in-time
Cash, cash equivalents and restricted cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$517.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$589.83M	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$589.83M	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.08B	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.09B	USD	Point-in-time
Cash, cash equivalents and restricted cash End 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`	$2.08B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$434.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$83.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.08B	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.09B	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$517.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$589.83M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$647.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.07M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$277.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$238.00K	USD	1 Quarter
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$2.86M	USD	1 Quarter
Unpaid portion of property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$14.15M	USD	1 Quarter
Unpaid portion of acquisition related expenses	`UnpaidPortionOfAcquisitionRelatedExpenses`	$1.59M	USD	1 Quarter
Unpaid portion of purchased intangibles	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$400.00K	USD	1 Quarter
Unpaid portion of at-the-market offering costs	`UnpaidPortionOfAtTheMarketOfferingCosts`	$105.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
At the market offering issuance cost	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$10.40M	USD	1 Quarter
Balance	`StockholdersEquity`	$698.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.33B	USD	Point-in-time
Balance	`StockholdersEquity`	$675.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44B	USD	Point-in-time
Vesting of early exercised stock options	`VestingOfEarlyExercisedOptions`	$17.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedOptions`	$4.00K	USD	1 Quarter
Issuance of common stock pursuant to equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.74M	USD	1 Quarter
Issuance of common stock pursuant to equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.71M	USD	1 Quarter
Issuance of common stock in connection with at-the-market offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$989.62M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.41M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.68M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$76.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-54.61M	USD	1 Quarter
Balance	`StockholdersEquity`	$675.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$698.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.33B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44B	USD	Point-in-time

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