Skillz (Skillz) Cash And Cash Equivalents : $302.0 Mil (As of Dec. 2023)

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What is Skillz Cash And Cash Equivalents?

Skillz's quarterly cash and cash equivalents increased from Jun. 2023 ($324.78 Mil) to Sep. 2023 ($330.16 Mil) but then stayed the same from Sep. 2023 ($330.16 Mil) to Dec. 2023 ($302.03 Mil).

Skillz's annual cash and cash equivalents increased from Dec. 2021 ($241.33 Mil) to Dec. 2022 ($362.52 Mil) but then declined from Dec. 2022 ($362.52 Mil) to Dec. 2023 ($302.03 Mil).

Skillz Cash And Cash Equivalents Historical Data

The historical data trend for Skillz's Cash And Cash Equivalents 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.

* Premium members only.

Skillz Cash And Cash Equivalents Chart

Skillz Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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25.63

262.73

241.33

362.52

302.03

Skillz Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial													362.52	415.33	324.78	330.16	302.03

Skillz Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Skillz (NYSE:SKLZ) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Skillz Cash And Cash Equivalents Related Terms

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Skillz (Skillz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Skillz Inc (NYSE:SKLZ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SKLZ:Mexico

Address

P.O. Box 445, San francisco, CA, USA, 94104

Website

https://www.skillz.com

Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market.

Executives

Jason Roswig	officer: President & CFO	PO BOX 445, SAN FRANCISCO CA 94104
Andrew Paradise	director, officer: Chief Executive Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Andrew Dahlinghaus	officer: General Counsel	P.O. BOX 445, SAN FRANCISCO CA 94104
Kevin Chessen	director	1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Elly Ryu	officer: Controller/Head of Accounting	245 FIRST STREET, SUITE 1800, CAMBRIDGE MA 02142
Alvin Lobo	officer: Chief Financial Officer	P.O. BOX 445, SAN FRANCISCO CA 94104
Alexander Mandel	director	1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Stanley Mbugua	officer: Chief Accounting Officer	SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Seth Schorr	director	PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman	director	PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer	director	PO BOX 445, SAN FRANCISCO CA 94104
Harry Sloan	director, 10 percent owner, officer: CEO, Chairman	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Jerome Leon Bruckheimer	director	PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Christopher S Gaffney	director	C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Casey Chafkin	director, officer: Chief Revenue Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445