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DraftKings's other current assets for the quarter that ended in Dec. 2023 was $452 Mil.
DraftKings's quarterly other current assets increased from Jun. 2023 ($464 Mil) to Sep. 2023 ($619 Mil) but then declined from Sep. 2023 ($619 Mil) to Dec. 2023 ($452Mil).
DraftKings's annual other current assets increased from Dec. 2021 ($503 Mil) to Dec. 2022 ($564 Mil) declined from Dec. 2022 ($564 Mil) to Dec. 2023 ($452 Mil).
The historical data trend for DraftKings's Other Current Assets 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.
DraftKings Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Other Current Assets | Get a 7-Day Free Trial | 154.77 | 302.28 | 502.63 | 564.49 | 451.56 |
DraftKings Quarterly Data | ||||||||||||||||||||
Dec18 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 564.49 | 552.13 | 463.75 | 619.06 | 451.56 |
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
The assets grouped under other current assets are most commonly:
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Thank you for viewing the detailed overview of DraftKings's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Robins | director, officer: See Remarks | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Matthew Kalish | director, officer: See Remarks | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Paul Liberman | director, officer: See Remarks | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
R Stanton Dodge | officer: Chief Legal Officer | ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112 |
Jason Park | officer: Chief Financial Officer | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Erik Bradbury | officer: Chief Accounting Officer | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Marni M Walden | director | 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036 |
Shalom Meckenzie | director | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Ryan R Moore | director | 56 WAREHAM STREET, 3RD FLOOR, BOSTON MA 02118 |
Jocelyn Moore | director | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Steven Joseph Murray | director | C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459 |
Woodrow Levin | director | 535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105 |
Harry Sloan | director | 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401 |
Valerie Mosley | director | TWO INTERNATIONAL PLACE, BOSTON MA 02110 |
Hany M Nada | director | 800 MARKET STREET #800 SAN FRANCISCO CA 94102 |
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