Roku (ROKU) FY2023 results: revenue $3.5 billion, up 11.5% on the year
Roku, Inc. (ROKU) reported revenue of $3.5 billion for fiscal 2023, the year ended 31 December 2023, up 11.5% on the year before. Net income was -$710 million, and diluted earnings per share $-5.01. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$3.5 billion
+11.5% on the year
FY2016FY2023
Operating margin
-22.7%
-17.0% a year earlier
FY2016FY2023
Net income
-$710 million
FY2016FY2023
Diluted EPS
-$5.01
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
256
11.8
228
+2,069.2%
Capital expenditure
82.6
162
40.0
-48.9%
Free cash flow
173
-150
188
Free cash flow margin
5.0%
-4.8%
6.8%
Cash from investing
-92.6
-202
-177
Cash from financing
-61.2
8.4
1,003
Depreciation and amortisation
53.3
31.0
25.4
+71.9%
Share-based compensation
370
360
188
+2.8%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
142m
138m
142m
+2.8%
Shares outstanding at period end
144m
140m
135m
+2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,326
2,647
2,767
-12.1%
Debt
0.0
80.0
89.9
Operating lease liabilities
586
585
395
+0.3%
Other liabilities
1,349
1,101
831
+22.5%
Total liabilities and equity
4,262
4,413
4,082
-3.4%
Fixed assets
265
335
178
-21.0%
Goodwill
162
162
162
0.0%
Intangible assets
41.8
58.9
84.1
-29.1%
Securities held for sale or to maturity
53.8
39.5
0.0
+36.4%
Cash and equivalents
2,026
1,962
2,146
+3.3%
Receivables
816
761
752
+7.3%
Inventory
92.1
107
50.3
-13.7%
Other assets
806
988
710
-18.5%
Total assets
4,262
4,413
4,082
-3.4%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.