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 investments2,153 0
Cash and cash equivalents2,153 0
Receivables46  
Prepaid expense  0
Other undisclosed current assets555  
Total current assets:2,753 1
Noncurrent Assets
Operating lease, right-of-use asset64  
Property, plant and equipment46  
Long-term investments and receivables10  
Long-term investments10  
Intangible assets, net (including goodwill)1,151  
Goodwill616  
Intangible assets, net (excluding goodwill)535  
Assets held-in-trust  404
Other undisclosed noncurrent assets45  
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 payable53 1
Accrued liabilities148  
Employee-related liabilities64  
Taxes payable51  
Other undisclosed accounts payable and accrued liabilities73  
Deferred revenue92  
Other undisclosed current liabilities450  
Total current liabilities:929 1
Noncurrent Liabilities
Long-term debt and lease obligation1,306  
Long-term debt, excluding current maturities1,248  
Operating lease, liability57  
Liabilities, other than long-term debt128  
Deferred income tax liabilities79  
Other liabilities49  
Other undisclosed noncurrent liabilities27 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 capital5,702 3
Accumulated other comprehensive income36  
Retained earnings (accumulated deficit)(3,754) 2
Other undisclosed stockholders' equity attributable to parent0 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
Revenues1,296  
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 taxes32  
Loss from continuing operations before equity method investments, income taxes:(1,518)  
Income from equity method investments3  
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 income3  
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.

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