DKNG Stock Charts

Quarterly

Annual

Unit: USD	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31

cash flows from operating activities:
net income	-326,297,000	-545,028,000	-305,526,000	-346,344,000	-266,400,000	-347,753,000	-230,596,411	479,411
adjustments to reconcile net income to net cash flows used in operating activities:
depreciation and amortization	32,538,000	30,356,000			27,443,000	26,595,000
non-cash interest expense	667,000	667,000			0	3,000
stock-based compensation expense, including value of class b common shares					148,676,000	117,034,000
(gain) loss on remeasurement of warrant liabilities
(gain) income from equity method investment
gain on initial equity method investment
gain on marketable equity securities and other financial assets
deferred income taxes	-3,772,000	-2,189,000			-1,735,000	-343,000
other incomes
change in operating assets and liabilities, net of effect of acquisitions:
receivables reserved for users	-21,831,000	-5,203,000			-1,150,000	-14,039,000
accounts receivable	-1,366,000	572,000			1,625,000	-9,080,000
prepaid expenses and other current assets	9,015,000	-9,957,000			618,000	2,721,000
deposits and other non-current assets	-1,698,000	-1,816,000			-3,666,000	-410,000
operating leases	153,000	-780,000
accounts payable and accrued expenses	-26,808,000	121,426,000			-8,686,000	100,574,000	11,683,760	2,240
settlement liability
other long-term liabilities	6,602,000	-2,739,000			3,126,000	4,326,000
long-term income tax liability	5,438,000	3,915,000
liabilities to users	18,613,000	171,115,000			31,436,000	139,475,000
net cash flows used in operating activities	-172,247,000	-70,886,000			-96,584,000	-106,320,000
cash flows from investing activities:
purchases of property and equipment	-4,754,000	-4,950,000			-3,519,000	-4,897,000
cash paid for internally developed software costs	-15,300,000	-11,753,000			-8,668,000
acquisition of gaming licenses	-28,246,000	-1,363,000			930,000	-282,000
purchase of marketable equity securities and other financial assets
cash paid for acquisitions, net of cash acquired	-1,000	0
other investing activities	-3,026,000	-50,000
net cash flows used in investing activities	-76,327,000	-18,116,000			-15,708,000	-12,981,000
cash flow from financing activities:
proceeds from revolving credit line
repayments of revolving credit line
cash buyout of unaccredited investors					0	0
proceeds from issuance of redeemable convertible stock
repurchase of preferred stock
issuance costs related to merger recapitalization					0	0
proceeds from issuance of convertible notes	909,000	-9,000
purchase of capped call options	0	0
proceeds from recapitalization of deac shares, net of issuance costs					1,826,000	0
proceeds from shares issued for warrants	494,000	0			526,000	10,844,000
proceeds from issuance of class a common stock, net of issuance costs					1,059,267,000	0
purchase of treasury stock	-3,496,000	-4,437,000
proceeds from exercise of stock options	6,361,000	6,664,000			17,525,000	3,996,000
other financing activities
net cash flows from financing activities	4,684,000	2,218,000			790,359,000	14,840,000
effect of foreign exchange rates on cash and cash equivalents and restricted cash	-1,301,000	1,060,000
net increase in cash, cash equivalents and restricted cash					676,351,000	-103,359,000
cash and cash equivalents and restricted cash at the beginning of period	0	0
cash and cash equivalents and restricted cash, end of period	-245,191,000	-85,724,000
disclosure of cash, cash equivalents and restricted cash:
cash and cash equivalents	-241,973,000	-251,635,000
cash reserved for users	-3,218,000	165,911,000			-30,286,000	-125,437,000
total cash, cash equivalents and restricted cash, end of period	-245,191,000	-85,724,000
supplemental disclosure of noncash investing and financing activities:
non-cash redemption of series f redeemable convertible preferred to stock through issuance of promissory note
conversion of convertible notes and accrued interest to common shares					0
increase in net liabilities acquired from deac					0
increase in accounts payable and accrued expenses from gaming licenses
increase in accounts payable and accrued expenses from property and equipment and internally developed software costs
equity consideration issued for acquisitions
supplemental disclosure of cash activities:
increase in cash reserved for users
cash paid for interest					0
cash paid for income taxes
operating activities:
stock-based compensation expense		175,664,000
income from equity method investment		202,000			186,000	95,000
loss on remeasurement of warrant liabilities		-7,091,000
change in operating assets and liabilities, net of effect of business combinations:
financing activities:
net payment of revolving credit line						0
net increase in cash and cash equivalents and restricted cash		-85,724,000
disclosure of cash, cash equivalents and restricted cash

cash paid for acquisition, net of cash acquired
proceeds from term notes
effect of foreign exchange rates on cash and cash equivalents					-1,716,000	1,102,000
cash and cash equivalents at the beginning of period					0	0
cash and cash equivalents, end of period				2,818,128,000	676,351,000	-103,359,000
supplemental disclosure of noncash investing and financing activities
equity consideration issued for acquisition				29,399,000
increase in accounts payable and accrued expenses from convertible notes financing costs
decrease of accounts payable and accrued expenses from gaming licenses
extinguishment of promissory notes for series f redeemable convertible preferred stock
supplemental disclosure of cash activities
other non-cash expenses
change in operating assets and liabilities, net of effect of business combination:
purchases of intangible assets
investment in equity method investment
cash paid for business combination, net of cash acquired					-1,826,000	0
net proceeds from issuance of redeemable convertible stock
net proceeds from issuance of convertible promissory notes					0	0
equity consideration issued to acquire sbtech					0
cash paid for taxes
net proceeds from issuance of redeemable convertible preferred stock
non-cash rent expense
change in operating assets and liabilities, net of effect of business combination
capitalization of internal-use software costs
adjustments to reconcile net income to net cash used in
trust income reinvested in trust account								-1,444,499
changes in operating assets and liabilities:
prepaid expenses								225,906
deferred offering costs
net cash from operating activities								-736,942
capex								0
free cash flows								-736,942
cash withdrawn from trust account to pay taxes								403,475
net cash from investing activities								403,475
net change in cash and equivalents during period								-333,467
cash and equivalents at beginning of period								491,225
cash and equivalents at end of period								157,758
supplemental disclosure of cash flow information:
supplemental disclosure of non-cash financing activities:
class a common stock subject to possible redemption								479,420
offering costs paid by sponsor in exchange for founder shares
deferred offering costs included in accrued expenses
1.
adjustments to reconcile net income to net cash from operating activities:
accounts payable
principal deposited in trust account
cash withdrawn from trust for income taxes
cash flows from financing activities:
proceeds from promissory note - related party
repayment of promissory note - related party
proceeds from private placement of warrants
proceeds from sale of class a ordinary shares
payment of underwriters' discount
payment of offering costs
net cash from financing activities
increase in cash during period
deferred underwriting compensation
deferred offering costs included in accounts payable
42

The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.