DraftKings Results Presentation Deck
RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP
OPERATING EXPENSES
($ in millions)
GAAP Operating Expenses
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total GAAP Operating Expenses
Pro-Forma Operating Expense Adjustments
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total Pro-Forma Operating Expense Adjustments
Non-GAAP Operating Expense Adjustments
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total Non-GAAP Operating Expense Adjustments
Adjusted Pro-Forma Operating Expenses
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total Adjusted Operating Expenses
(a)
(b)
(d)
31-Dec-21
($1)
($20)
($9)
(a)
($15)
(d)
($0)
(a) ($142)
($10)
($1)
($1)
($13)
($26)
($1)
(C)
(d)
(e)
(f)
(a)
(d)
$253
$278
$241
$70
$842
($241)
$223
$263
$74
$42
$601
30-Sep-21
$171
$304
$220
$65
$759
($2)
($20)
($7)
($14)
($0)
($134)
($4)
($1)
($5)
($18)
($26)
($1)
($233)
$142
$289
$58
$38
$526
30-Jun-21 31-Mar-21
$187
$171
$199
$63
$619
($1)
($21)
($7)
($14)
($0)
($132)
($8)
($1)
($4)
($13)
($25)
($1)
($226)
$159
$157
$41
$36
$393
$183
$229
$169
$56
$637
($1)
($19)
($7)
($9)
($0)
($122)
($3)
($1)
($1)
($2)
($20)
($1)
($186)
$157
$220
$41
$34
$452
31-Dec-20 30-Sep-20 30-Jun-20 31-Mar-20
$159
$192
$173
$66
$591
($1)
($18)
($6)
($7)
($0)
($116)
($2)
($1)
($1)
($1)
($25)
($2)
($180)
$134
$184
$52
$39
$410
$97
$203
$127
$54
$481
($0)
($19)
($6)
($12)
($0)
($83)
($4)
($1)
($2)
($2)
($22)
($1)
($151)
$72
$191
$36
$31
$330
$47
$46
$107(1)
$31
$231
$6
$1
$9
$6
$22
($0)
($18)
($4)
($3)
($0)
($54)
($25)(¹)
($1)
($2)
($3)
($8)
($1)
($119)
$32
$43
$33
$27
$135
$43
$54
$39(1)
$18
$155
$25
$4
$5
$12
$46
($18)
($4)
($0)
($0)
($4)
($6)(1)
($1)
($1)
($0)
($0)
($1)
($35)
$47
$57
$33
$28
$165
(a)
Stock-based compensation
expense
Amortization of acquired
intangible assets
(b)
(c) Transaction expenses
(d) Depreciation & Amortization
(e) Litigation
(f) Other
(1) Pursuant to the principles of Article 11 of Regulation S-X, the transaction costs related to the Business Combination have been eliminated in calculating our Pro-Forma
Operating Expenses in Proforma Adjusted EBITDA tables in our 10K for the twelve months ended December 31, 2020. These costs were approximately $31mm for the year
ended December 31, 2020 and are included in our GAAP Operating Expenses on this page.View entire presentation