DraftKings Inc. (DKNG) Financial Statements (2024 and earlier)

Company Profile

Business Address 222 BERKELEY STREET
BOSTON, MA 02116
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2711,309
Cash and cash equivalents1,2711,309
Restricted cash and investments12 
Receivables4851
Other undisclosed current assets742725
Total current assets:2,0712,085
Noncurrent Assets
Operating lease, right-of-use asset9466
Property, plant and equipment6160
Long-term investments and receivables1010
Long-term investments1010
Intangible assets, net (including goodwill)1,5771,663
Goodwill886886
Intangible assets, net (excluding goodwill)691777
Other undisclosed noncurrent assets132156
Total noncurrent assets:1,8731,955
TOTAL ASSETS:3,9454,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:640518
Accounts payable 3410
Accrued liabilities 262320
Other undisclosed accounts payable and accrued liabilities344188
Deferred revenue174134
Other liabilities4738
Other undisclosed current liabilities689557
Total current liabilities:1,5501,246
Noncurrent Liabilities
Long-term debt and lease obligation1,2541,251
Long-term debt, excluding current maturities1,2541,251
Liabilities, other than long-term debt238209
Deferred income tax liabilities7370
Other liabilities8470
Operating lease, liability8169
Other undisclosed noncurrent liabilities6411
Total noncurrent liabilities:1,5551,471
Total liabilities:3,1052,717
Equity
Equity, attributable to parent, including:8401,323
Treasury stock, value(412)(332)
Additional paid in capital7,1506,750
Accumulated other comprehensive income3636
Accumulated deficit(5,934)(5,132)
Other undisclosed equity, attributable to parent00
Total equity:8401,323
TOTAL LIABILITIES AND EQUITY:3,9454,040

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
Revenues3,6652,240
Cost of revenue(2,292)(1,484)
Gross profit:1,373756
Operating expenses(1,807)(1,950)
Other undisclosed operating loss(355)(318)
Operating loss:(789)(1,512)
Nonoperating income5821
Investment income, nonoperating58 
Other nonoperating income (expense)(0)21
Interest and debt expense(3) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(58)48
Loss from continuing operations before equity method investments, income taxes:(791)(1,443)
Loss from equity method investments(1)(3)
Loss from continuing operations before income taxes:(792)(1,446)
Income tax expense (benefit)(10)68
Net loss available to common stockholders, diluted:(802)(1,378)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
Net loss:(802)(1,378)
Comprehensive loss, net of tax, attributable to parent:(802)(1,378)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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