DraftKings (LTS:0ABA) Accounts Payable & Accrued Expense : $606 Mil (As of Mar. 2024)

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What is DraftKings Accounts Payable & Accrued Expense?

DraftKings's quarterly accounts payable & accrued expense declined from Sep. 2023 ($594 Mil) to Dec. 2023 ($501 Mil) but then increased from Dec. 2023 ($501 Mil) to Mar. 2024 ($606 Mil).

DraftKings's annual accounts payable & accrued expense increased from Dec. 2021 ($322 Mil) to Dec. 2022 ($398 Mil) and increased from Dec. 2022 ($398 Mil) to Dec. 2023 ($501 Mil).

DraftKings Accounts Payable & Accrued Expense Historical Data

The historical data trend for DraftKings's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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DraftKings Accounts Payable & Accrued Expense Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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67.53

175.18

322.36

398.25

501.14

DraftKings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															508.73	436.27	594.07	501.14	605.88

DraftKings Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

DraftKings (LTS:0ABA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (LTS:0ABA) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

DKNG:USA DKNG:Mexico 8DEA:Germany D2KN34:Brazil

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

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