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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DraftKings's retained earnings for the quarter that ended in Mar. 2024 was $-6,077 Mil.
DraftKings's quarterly retained earnings declined from Sep. 2023 ($-5,889 Mil) to Dec. 2023 ($-5,934 Mil) and declined from Dec. 2023 ($-5,934 Mil) to Mar. 2024 ($-6,077 Mil).
DraftKings's annual retained earnings declined from Dec. 2021 ($-3,754 Mil) to Dec. 2022 ($-5,132 Mil) and declined from Dec. 2022 ($-5,132 Mil) to Dec. 2023 ($-5,934 Mil).
The historical data trend for DraftKings's Retained Earnings 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 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | -998.78 | -2,230.62 | -3,753.81 | -5,131.80 | -5,933.94 |
DraftKings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -5,528.95 | -5,606.22 | -5,889.32 | -5,933.94 | -6,076.51 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
DraftKings (NAS:DKNG) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
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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