ROKU INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Feb 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
5. Balance Sheet Components
- BALANCE SHEET COMPONENTS
Accounts Receivable, net: Accounts receivable, net consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Accounts receivable, gross | $885,167 | $850,464 |
| Less: Allowances | ||
| Allowance for sales returns | 6,427 | 7,808 |
| Allowance for sales incentives | 63,367 | 23,024 |
| Allowance for doubtful accounts | 1,895 | 2,213 |
| Other allowances | 968 | 1,082 |
| Total allowances | 72,657 | 34,127 |
| Accounts receivable, net | $812,510 | $816,337 |
Property and Equipment, net: Property and equipment, net consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Computers and equipment | $51,741 | $51,320 |
| Leasehold improvements | 286,585 | 292,418 |
| Internal-use software | 5,916 | 6,980 |
| Office equipment and furniture | 35,691 | 36,900 |
| Property and equipment, gross | 379,933 | 387,618 |
| Less: Accumulated depreciation and amortization | (166,243) | (123,062) |
| Property and equipment, net | $213,690 | $264,556 |
Depreciation and amortization expense for property and equipment assets for the years ended December 31, 2024, 2023, and 2022 was approximately $48.5 million, $53.3 million, and $31.0 million, respectively.
During the years ended December 31, 2024 and 2023, the Company recognized impairment charges of $7.0 million and $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, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue share payable | $267,163 | $239,196 |
| Accrued cost of revenue | 149,135 | 147,875 |
| Marketing, retail and merchandising expenses | 112,001 | 147,853 |
| Operating lease liability, current | 79,221 | 68,099 |
| Content liability, current | 69,710 | 54,319 |
| Other accrued expenses | 175,569 | 130,698 |
| Total Accrued liabilities | $852,799 | $788,040 |
Deferred Revenue: Deferred revenue consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Platform, current | $75,026 | $66,636 |
| Devices, current | 30,692 | 35,521 |
| Total deferred revenue, current | 105,718 | 102,157 |
| Platform, non-current | — | 625 |
| Devices, non-current | 25,050 | 23,947 |
| Total deferred revenue, non-current | 25,050 | 24,572 |
| Total Deferred revenue | $130,768 | $126,729 |
Other Long-term Liabilities: Other Long-term liabilities consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Content liability, non-current | $18,453 | $24,115 |
| Other long-term liabilities | 22,485 | 25,071 |
| Total Other long-term liabilities | $40,938 | $49,186 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.