$20.8 B

DKNG Mkt cap, 20-Jan-2021

$70.9 M

DraftKings Revenue Q2, 2020
DraftKings Gross profit (Q2, 2020)23.6 M
DraftKings Gross profit margin (Q2, 2020), %33.3%
DraftKings Net income (Q2, 2020)-161.4 M
DraftKings EBIT (Q2, 2020)-160.4 M
DraftKings Cash, 30-Jun-20201.2 B

DraftKings Income Statement

Quarterly

USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

70.9m

Cost of goods sold

47.3m

Gross profit

23.6m

Gross profit Margin, %

33%

Sales and marketing expense

46.2m

General and administrative expense

185.7k247.4k718.8k107.3m

Operating expense total

185.7k247.4k718.8k184.0m

EBIT

(185.7k)(247.4k)(718.8k)(160.4m)

EBIT margin, %

(226%)

Interest expense

588.0k

Interest income

1.2m2.2m1.4m

Investment income

(82.0k)

Pre tax profit

1.0m1.9m725.7k(161.0m)

Income tax expense

212.0k409.2k246.3k323.0k

Net Income

797.4k1.5m479.4k(161.4m)

DraftKings Balance Sheet

Annual

USDFY, 2019

Cash

491.2k

Prepaid Expenses

319.2k

Current Assets

810.5k

Total Assets

404.8m

Accounts Payable

1.5m

Current Liabilities

1.5m

Total Liabilities

15.5m

Additional Paid-in Capital

2.7m

Retained Earnings

2.3m

Total Equity

5.0m

Financial Leverage

81 x

Quarterly

USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

1.1m870.9k157.8k1.2b

Accounts Receivable

35.1m

Prepaid Expenses

327.7k280.6k93.3k24.7m

Current Assets

1.5m1.2m251.1k1.5b

PP&E

37.0m

Goodwill

480.6m

Total Assets

402.3m403.8m405.3m2.5b

Accounts Payable

518.3k470.4k1.5m122.9m

Current Liabilities

518.3k470.4k1.5m270.0m

Total Liabilities

14.5m14.5m15.5m324.8m

Additional Paid-in Capital

4.2m2.7m2.2m3.4b

Retained Earnings

796.7k2.3m2.8m(1.2b)

Total Equity

5.0m5.0m5.0m2.2b

Financial Leverage

80.5 x80.8 x81.1 x1.1 x

DraftKings Cash Flow

Annual

USDFY, 2019

Long-term Borrowings

(60.7k)

Quarterly

USDQ1, 2020Q2, 2020

Net Income

479.4k(230.1m)

Depreciation and Amortization

23.4m

Accounts Receivable

(6.3m)

Accounts Payable

2.2k11.7m

Cash From Operating Activities

(736.9k)(135.0m)

Purchases of PP&E

(3.3m)

Cash From Investing Activities

403.5k(198.7m)

Long-term Borrowings

(6.7m)

Cash From Financing Activities

1.5b

Net Change in Cash

(333.5k)1.2b

Interest Paid

417.0k

DraftKings Ratios

USDQ2, 2019

Financial Leverage

80.5 x

DraftKings Human Capital

Gender

Y, 2017
Male, percent81 %
Female, percent19 %

Ethnicity

Y, 2017
Asian, percent10 %
Hispanic, percent7 %
White, percent78 %
Other5 %

DraftKings Employee Rating

4.4171 votes
Culture & Values
4.4
Work/Life Balance
4
Senior Management
4
Salary & Benefits
4.3
Career Opportunities
4.2
Source