ROKU INC

For the period ended Mar 31, 2024. Filed Apr 26, 2024.

About this filing

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

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
	March 31, 2024	December 31, 2023
Accounts receivable, gross	$742,888	$850,464
Less: Allowances
Allowance for sales returns	6,766	7,808
Allowance for sales incentives	16,520	23,024
Allowance for doubtful accounts	1,656	2,213
Other allowances	1,219	1,082
Total allowances	26,161	34,127
Accounts receivable, net	$716,727	$816,337

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

	As of
	March 31, 2024	December 31, 2023
Computers and equipment	$51,279	$51,320
Leasehold improvements	290,346	292,418
Internal-use software	5,916	6,980
Office equipment and furniture	36,813	36,900
Property and equipment, gross	384,354	387,618
Less: Accumulated depreciation and amortization	(132,867)	(123,062)
Property and equipment, net	$251,487	$264,556

Depreciation and amortization expense for property and equipment assets for the three months ended March 31, 2024 and 2023 was $12.8 million and $11.2 million, respectively.

During the three months ended March 31, 2024 and 2023, the Company recognized an impairment charge of $0.5 million and $0.5 million, respectively, related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. See Note 15 to the condensed consolidated financial statements for additional details.

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

	As of
	March 31, 2024	December 31, 2023
Payments due to content partners	$243,994	$239,196
Accrued cost of revenue	124,818	147,875
Marketing, retail, and merchandising expenses	54,283	147,853
Operating lease liability, current	71,076	68,099
Content liability, current	45,282	54,319
Other accrued expenses	132,987	130,698
Total Accrued liabilities	$672,440	$788,040

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

	As of
	March 31, 2024	December 31, 2023
Platform, current	$70,561	$66,636
Devices, current	31,089	35,521
Total deferred revenue, current	101,650	102,157
Platform, non-current	625	625
Devices, non-current	22,866	23,947
Total deferred revenue, non-current	23,491	24,572
Total Deferred revenue	$125,141	$126,729

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

	As of
	March 31, 2024	December 31, 2023
Content liability, non-current	$20,284	$24,115
Other long-term liabilities	23,778	25,071
Total Other long-term liabilities	$44,062	$49,186

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.