ROKU INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
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12. Income Taxes
- INCOME TAXES
Income tax expense was $4.8 million and $3.6 million for the three months ended March 31, 2024 and 2023, respectively. The increase in income tax expense for the three months ended March 31, 2024 is due toincrease in domestic tax expense driven by higher U.S. income offset by a decline in foreign tax expenses.
A valuation allowance must be established for deferred tax assets when it is more likely than not that they will not be realized. As of March 31, 2024, the Company analyzed all available objective evidence, both positive and negative, and believes it is more-likely-than-not that some deferred tax assets will not be realizable. Accordingly, the Company has provided a valuation allowance against its U.S. and certain foreign deferred tax assets.
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