ROKU, INC (ROKU) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-26-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Net Revenue:
Total net revenue	2,764.6	1,778.4	1,128.9	742.5	512.8	398.6	319.9
Total net revenue growth	55.5%	57.5%	52.0%	44.8%	28.6%	24.6%
Cost of Revenue:
Total cost of revenue	1,356.0	970.2	633.7	410.4	312.9	277.6	230.1

Gross Profit (Loss):
Total gross profit	1,408.6	808.2	495.2	332.1	199.8	121.0	89.8
Gross margin	51.0%	45.4%	43.9%	44.7%	39.0%	30.4%	28.1%

Operating Expenses:
Research and development	461.6	355.8	265.0	170.7	107.9	76.2	50.5
Sales and marketing	455.6	299.5	178.9	102.8	64.1	52.9	45.2
General and administrative	256.3	173.2	116.4	72.0	47.4	35.3	31.7
Total operating expenses	1,173.5	828.5	560.3	345.4	219.4	164.4	127.3
Income (Loss) from Operations	235.1	-20.3	-65.1	-13.3	-19.6	-43.4	-37.6
Operating margin	8.5%	-1.1%	-5.8%	-1.8%	-3.8%	-10.9%	-11.7%

Other Income (Expense), Net:
Interest expense	-3.0	-3.4	-2.4	-0.3	-1.6	0.1	-0.7
Other income (expense), net	4.5	5.2	6.5	4.3	0.7	-0.2	-0.4
Total other income (expense), net	6.0	7.0	10.6	8.3	-43.6	0.8	-2.9
Income (Loss) Before Income Taxes	236.6	-18.5	-60.9	-9.3	-63.2	-42.5	-40.5
Income tax expense (benefit)	-5.8	-0.9	-1.0	-0.5	0.3	0.2	0.1
Net Income (Loss)	242.4	-17.5	-59.9	-8.9	-63.5	-42.8	-40.6

Net income (loss) per share — basic (in dollars per share)	$1.83	($0.14)	($0.52)	($0.08)	($2.24)	($9.01)	($10.08)
Net income (loss) per share — diluted (in dollars per share)	$1.71	($0.14)	($0.52)	($0.08)	($2.24)	($9.01)	($10.08)

Weighted-average common shares outstanding — basic (in shares)	132.7	124.0	115.2	104.6	28.3	4.7	4.0
Weighted-average common shares outstanding — diluted (in shares)	141.7	124.0	115.2	104.6	28.3	4.7