ROKU INC

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

ROKU$160.52+0.1%Stored close · as of Nov 6, 2026

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Contents

5. Balance Sheet Components

BALANCE SHEET COMPONENTS

Accounts Receivable, net: Accounts receivable, net consisted of the following (in thousands):

	As of December 31,
	2023	2022
Accounts receivable, gross	$850,464	$800,984
Less: Allowances
Allowance for sales returns	7,808	7,417
Allowance for sales incentives	23,024	28,903
Allowance for doubtful accounts	2,213	3,498
Other allowances	1,082	373
Total allowances	34,127	40,191
Accounts receivable, net	$816,337	$760,793

Property and Equipment, net: Property and equipment, net consisted of the following (in thousands):

	As of December 31,
	2023	2022
Computers and equipment	$51,320	$45,989
Leasehold improvements	292,418	353,245
Internal-use software	6,980	7,274
Office equipment and furniture	36,900	28,614
Property and equipment, gross	387,618	435,122
Accumulated depreciation and amortization	(123,062)	(100,091)
Property and equipment, net	$264,556	$335,031

Depreciation and amortization expense for property and equipment assets for the years ended December 31, 2023, 2022, and 2021 was $53.3 million, $31.0 million, and $25.4 million, respectively.

During the year ended December 31, 2023, the Company recognized an impairment charge of $72.3 million related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. See Note 17 for additional details.

Accrued Liabilities: Accrued liabilities consisted of the following (in thousands):

	As of December 31,
	2023	2022
Payments due to content partners	$239,196	$201,054
Accrued cost of revenue	147,875	105,347
Marketing, retail and merchandising expenses	147,853	163,367
Operating lease liability, current	68,099	54,689
Content liability, current	54,319	88,717
Other accrued expenses	130,698	137,636
Total Accrued liabilities	$788,040	$750,810

Deferred Revenue: Deferred revenue consisted of the following (in thousands):

	As of December 31,
	2023	2022
Platform, current	$66,636	$59,276
Devices, current	35,521	28,402
Total deferred revenue, current	102,157	87,678
Platform, non-current	625	969
Devices, non-current	23,947	27,241
Total deferred revenue, non-current	24,572	28,210
Total Deferred revenue	$126,729	$115,888

Other Long-term Liabilities: Other Long-term liabilities consisted of the following (in thousands):

	As of December 31,
	2023	2022
Content liability, non-current	$24,115	$39,587
Other long-term liabilities	25,071	30,324
Total Other long-term liabilities	$49,186	$69,911

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.