DraftKings Holdings Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statement of cash flows

In millions of USD, except per-share amounts

	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Cash Flows from Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization
Non-cash interest expense
Stock-based compensation expense, including value of Class B common shares
(Gain) loss on remeasurement of warrant liabilities
(Gain) loss from equity method investment
Gain on initial equity method investment
Gain on marketable equity securities and other financial assets
Deferred income taxes
Other expenses, net
Change in operating assets and liabilities, net of effect of acquisitions:
Receivables reserved for users
Accounts receivable
Prepaid expenses and other current assets
Deposits and other non-current assets
Operating leases, net
Accounts payable and accrued expenses
Settlement liability
Other long-term liabilities
Long-term income tax liability
Liabilities to users
Net cash flows used in operating activities
Cash Flows from Investing Activities:
Purchases of property and equipment
Purchases of intangible assets
Investment in equity method investment
Cash paid for internally developed software costs
Acquisition of gaming licenses
Purchase of marketable equity securities and other financial assets
Cash paid for acquisitions, net of cash acquired
Other investing activities, net
Net cash flows used in investing activities
Cash Flow from Financing Activities:
Proceeds from promissory note - related party
Proceeds from revolving credit line
Repayments of revolving credit line
Cash buyout of unaccredited investors
Proceeds from issuance of redeemable convertible stock, net
Repurchase of preferred stock
Series F redeemable convertible preferred stock
Total repurchase of preferred stock
Issuance costs related to merger recapitalization
Proceeds from issuance of convertible notes, net
Purchase of capped call options
Proceeds from recapitalization of DEAC shares, net of issuance costs
Proceeds from shares issued for warrants
Proceeds from issuance of Class A common stock, net of issuance costs
Purchase of treasury stock
Proceeds from exercise of stock options
Other financing activities
Net cash flows provided by financing activities
Effect of foreign exchange rates on cash and cash equivalents and restricted cash
Net increase (decrease) in cash, cash equivalents and restricted cash
Cash and cash equivalents and restricted cash at the beginning of period
Cash and cash equivalents and restricted cash, end of period
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
Increase in net liabilities acquired from DEAC
Increase in accounts payable and accrued expenses from gaming licenses, net
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
Cash paid for income taxes
Disclosure of cash, cash equivalents and restricted cash:
Cash and cash equivalents
Cash reserved for users

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