ROKU INC

For the period ended Sep 30, 2024. Filed Oct 31, 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.

Sep 30, 2024 · Filed Oct 31, 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
	September 30, 2024	December 31, 2023
Accounts receivable, gross	$768,054	$850,464
Less: Allowances
Allowance for sales returns	6,070	7,808
Allowance for sales incentives	27,971	23,024
Allowance for doubtful accounts	3,283	2,213
Other allowances	819	1,082
Total allowances	38,143	34,127
Accounts receivable, net	$729,911	$816,337

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

	As of
	September 30, 2024	December 31, 2023
Computers and equipment	$50,574	$51,320
Leasehold improvements	286,481	292,418
Internal-use software	5,916	6,980
Office equipment and furniture	35,900	36,900
Property and equipment, gross	378,871	387,618
Less: Accumulated depreciation and amortization	(155,872)	(123,062)
Property and equipment, net	$222,999	$264,556

Depreciation and amortization expense for property and equipment assets for the three months ended September 30, 2024 and 2023 was $11.8 million and $14.5 million, respectively. Depreciation and amortization expense for property and equipment assets for the nine months ended September 30, 2024 and 2023 was $36.9 million and $39.8 million, respectively.

During the three and nine months ended September 30, 2024, the Company recognized impairment charges of $6.5 million and $7.0 million, respectively, related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. During the three and nine months ended September 30, 2023, the Company recorded impairment charges of $68.1 million and $68.7 million, respectively, related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. See Note 16 to the condensed consolidated financial statements for additional details.

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

	As of
	September 30, 2024	December 31, 2023
Payments due to content partners	$247,371	$239,196
Accrued cost of revenue	152,966	147,875
Marketing, retail, and merchandising expenses	65,750	147,853
Operating lease liability, current	77,815	68,099
Content liability, current	62,509	54,319
Other accrued expenses	213,754	130,698
Total Accrued liabilities	$820,165	$788,040

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

	As of
	September 30, 2024	December 31, 2023
Platform, current	$63,438	$66,636
Devices, current	29,967	35,521
Total deferred revenue, current	93,405	102,157
Platform, non-current	73	625
Devices, non-current	23,194	23,947
Total deferred revenue, non-current	23,267	24,572
Total Deferred revenue	$116,672	$126,729

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

	As of
	September 30, 2024	December 31, 2023
Content liability, non-current	$20,405	$24,115
Other long-term liabilities	23,248	25,071
Total Other long-term liabilities	$43,653	$49,186

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