ROKU FY 2021 Earnings Report — Roku, Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.8B	—	$1.8B	—	55.5%
Op. Income	$235M	—	-$20M	—	1260.8%
Gross Margin	51.0%	—	45.4%	—	5.5pp
Net Margin	8.8%	—	-1.0%	—	9.8pp
EPS (Diluted)	$1.71	—	$-0.14	—	1321.4%
Free Cash Flow	$188M	—	$66M	—	185.7%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.4B
R&D Expenses	$462M
Selling & Marketing	$456M
General & Administrative	$256M
SG&A Expenses	$712M
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$2.5B
OPERATING INCOME	$235M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$237M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$169M
EBIT	$240M
EBITDA	$409M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.4B
R&D Expenses	$462M
Selling & Marketing	$456M
General & Administrative	$256M
SG&A Expenses	$712M
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$2.5B
OPERATING INCOME	$235M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$237M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$169M
EBIT	$240M
EBITDA	$409M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$242M
Depreciation & Amortization	$169M
Stock-Based Compensation	$188M
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	-$370M
OPERATING CASH FLOW	$228M
Capital Expenditure	-$40M
Acquisitions (Net)	-$137M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$177M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$188M
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$752M
Inventory	$50M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$523M
Goodwill	$162M
Intangible Assets	$308M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$4.1B
Account Payables	$125M
Short-Term Debt	$10M
Deferred Revenue	$46M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$730M
Long-Term Debt	$80M
Deferred Revenue NC	$29M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$586M
TOTAL LIABILITIES	$1.3B
Common Stock	$14.0K
Additional Paid-In Capital	$2.9B
Retained Earnings	-$90M
Treasury Stock	$0
Accum. Other Comp. Income	$41.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$522M
Net Debt	-$1.6B