Roku (ROKU) FY2020 results: revenue $1.8 billion, up 57.5% on the year
Roku, Inc. (ROKU) reported revenue of $1.8 billion for fiscal 2020, the year ended 31 December 2020, up 57.5% on the year before. Net income was -$18 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.8 billion
+57.5% on the year
FY2015FY2020
Operating margin
-1.1%
-5.8% a year earlier
FY2015FY2020
Net income
-$18 million
FY2015FY2020
Diluted EPS
-$0.14
FY2015FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,778
1,129
743
+57.5%
Cost of revenue
970
634
410
+53.1%
Gross profit
808
495
332
+63.2%
Gross margin
45.4%
43.9%
44.7%
Research and development
356
265
171
+34.3%
Operating income
-20.3
-65.1
-13.3
Operating margin
-1.1%
-5.8%
-1.8%
Interest expense
n/a
0.4
n/a
Pre-tax income
-18.5
-60.9
-9.3
Income tax
-0.9
-1.0
-0.5
Net income
-17.5
-59.9
-8.9
Net margin
-1.0%
-5.3%
-1.2%
Diluted EPS
-$0.14
-$0.52
-$0.08
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
148
13.7
13.9
+981.1%
Capital expenditure
82.4
77.2
18.3
+6.7%
Free cash flow
65.8
-63.5
-4.4
Free cash flow margin
3.7%
-5.6%
-0.6%
Cash from investing
-81.3
-110
-60.1
Cash from financing
509
458
24.5
+11.1%
Depreciation and amortisation
21.7
12.8
7.8
+69.5%
Share-based compensation
134
85.2
37.7
+57.4%
Diluted shares, weighted
124m
115m
n/a
+7.6%
Shares outstanding at period end
128m
120m
110m
+6.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,328
698
245
+90.1%
Debt
94.7
99.6
0.0
-4.9%
Operating lease liabilities
308
302
n/a
+2.1%
Other liabilities
540
371
220
+45.7%
Total liabilities and equity
2,271
1,470
465
+54.4%
Fixed assets
155
103
25.3
+50.3%
Goodwill
73.1
74.1
1.4
-1.4%
Intangible assets
62.2
76.7
1.5
-18.9%
Investments
n/a
0.0
42.1
Cash and equivalents
1,093
515
156
+112.0%
Receivables
524
333
183
+57.5%
Inventory
53.9
49.7
35.6
+8.4%
Other assets
310
318
20.5
-2.8%
Total assets
2,271
1,470
465
+54.4%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.