Roku (ROKU) FY2019 results: revenue $1.1 billion, up 52.0% on the year
Roku, Inc. (ROKU) reported revenue of $1.1 billion for fiscal 2019, the year ended 31 December 2019, up 52.0% on the year before. Net income was -$60 million, and diluted earnings per share $-0.52. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$1.1 billion
+52.0% on the year
FY2015FY2019
Operating margin
-5.8%
-1.8% a year earlier
FY2015FY2019
Net income
-$60 million
FY2015FY2019
Diluted EPS
-$0.52
FY2015FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,129
743
513
+52.0%
Cost of revenue
634
410
313
+54.4%
Gross profit
495
332
200
+49.1%
Gross margin
43.9%
44.7%
39.0%
Research and development
265
171
108
+55.3%
Operating income
-65.1
-13.3
-19.6
Operating margin
-5.8%
-1.8%
-3.8%
Interest expense
0.4
n/a
n/a
Pre-tax income
-60.9
-9.3
-63.2
Income tax
-1.0
-0.5
0.3
Net income
-59.9
-8.9
-63.5
Net margin
-5.3%
-1.2%
-12.4%
Diluted EPS
-$0.52
-$0.08
-$2.24
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
13.7
13.9
37.3
-1.5%
Capital expenditure
77.2
18.3
9.2
+321.1%
Free cash flow
-63.5
-4.4
28.1
Free cash flow margin
-5.6%
-0.6%
5.5%
Cash from investing
-110
-60.1
-12.3
Cash from financing
458
24.5
118
+1,768.8%
Depreciation and amortisation
12.8
7.8
5.2
+64.1%
Share-based compensation
85.2
37.7
11.0
+126.1%
Diluted shares, weighted
115m
n/a
n/a
Shares outstanding at period end
120m
110m
99m
+9.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
698
245
152
+185.5%
Debt
99.6
0.0
0.0
Operating lease liabilities
302
n/a
n/a
Other liabilities
371
220
220
+68.1%
Total liabilities and equity
1,470
465
372
+216.2%
Fixed assets
103
25.3
14.7
+308.7%
Goodwill
74.1
1.4
1.4
+5,263.0%
Intangible assets
76.7
1.5
2.0
+5,090.8%
Investments
0.0
42.1
0.0
Cash and equivalents
515
156
177
+231.4%
Receivables
333
183
121
+81.7%
Inventory
49.7
35.6
32.7
+39.7%
Other assets
318
20.5
23.2
+1,452.7%
Total assets
1,470
465
372
+216.2%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.