DraftKings Inc. (DKNG) financial statements (2022 and earlier)
Company profile
| Business Address |
222 BERKELEY STREET BOSTON, MA 02116 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 2,153 | 0 | |||
| Cash and cash equivalents | 2,153 | 0 | |||
| Receivables | 46 | ||||
| Prepaid expense | 0 | ||||
| Other undisclosed current assets | 555 | ||||
| Total current assets: | 2,753 | 1 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 64 | ||||
| Property, plant and equipment | 46 | ||||
| Long-term investments and receivables | 10 | ||||
| Long-term investments | 10 | ||||
| Intangible assets, net (including goodwill) | 1,151 | ||||
| Goodwill | 616 | ||||
| Intangible assets, net (excluding goodwill) | 535 | ||||
| Assets held-in-trust | 404 | ||||
| Other undisclosed noncurrent assets | 45 | ||||
| Total noncurrent assets: | 1,316 | 404 | |||
| TOTAL ASSETS: | 4,069 | 405 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 388 | 1 | |||
| Accounts payable | 53 | 1 | |||
| Accrued liabilities | 148 | ||||
| Employee-related liabilities | 64 | ||||
| Taxes payable | 51 | ||||
| Other undisclosed accounts payable and accrued liabilities | 73 | ||||
| Deferred revenue | 92 | ||||
| Other undisclosed current liabilities | 450 | ||||
| Total current liabilities: | 929 | 1 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 1,306 | ||||
| Long-term debt, excluding current maturities | 1,248 | ||||
| Operating lease, liability | 57 | ||||
| Liabilities, other than long-term debt | 128 | ||||
| Deferred income tax liabilities | 79 | ||||
| Other liabilities | 49 | ||||
| Other undisclosed noncurrent liabilities | 27 | 14 | |||
| Total noncurrent liabilities: | 1,461 | 14 | |||
| Total liabilities: | 2,391 | 15 | |||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 1,679 | 5 | |||
| Treasury stock, value | (307) | ||||
| Additional paid in capital | 5,702 | 3 | |||
| Accumulated other comprehensive income | 36 | ||||
| Retained earnings (accumulated deficit) | (3,754) | 2 | |||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | |||
| Other undisclosed stockholders' equity | 384 | ||||
| Total stockholders' equity: | 1,679 | 389 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,069 | 405 | |||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|
| Revenues | 1,296 | |||
| Cost of revenue | (794) | |||
| Gross profit: | 502 | |||
| Operating expenses | (1,810) | |||
| Other undisclosed operating loss | (254) | |||
| Operating loss: | (1,562) | |||
| Nonoperating income (Other Nonoperating income) | 12 | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 32 | |||
| Loss from continuing operations before equity method investments, income taxes: | (1,518) | |||
| Income from equity method investments | 3 | |||
| Other undisclosed loss from continuing operations before income taxes | (3) | |||
| Loss from continuing operations before income taxes: | (1,518) | |||
| Income tax expense | (8) | (1) | ||
| Loss before gain (loss) on sale of properties: | (1,526) | (1) | ||
| Other undisclosed net income | 3 | |||
| Net loss available to common stockholders, diluted: | (1,523) | (1) | ||
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|
| Net loss: | (1,523) | (1) | ||
| Comprehensive loss: | (1,523) | (1) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (47) | |||
| Comprehensive loss, net of tax, attributable to parent: | (1,570) | (1) | ||
Statements sources
The financial statements are based on the company's filings with the 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.