Churchill Downs, Incorporated (CHDN) Financial Statements (2023 and Earlier)

Company Profile

Business Address 600 N HURSTBOURNE PKWY
LOUISVILLE, KY 40222-5389
State of Incorp. KY
Fiscal Year End December 31
Industry (SIC) 7948 - Racing, Including Track Operation (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29131634214867622649
Cash and cash equivalents29131634214867622649
Restricted cash and investments64716948545850
Receivables10810590115869484
Other current assets38373236283334
Total current assets:502528533347235807818
Noncurrent Assets
Operating lease, right-of-use asset27   22  
Property, plant and equipment9681,0531,0581,0691,0601,0821,043
Long-term investments and receivables664655645634631634615
Long-term investments664655645634631634615
Intangible assets, net (including goodwill)715716715716717719718
Goodwill367367367367367367367
Intangible assets, net (excluding goodwill)348349348349351352351
Regulated entity, other noncurrent assets14      
Other noncurrent assets19212122212222
Other undisclosed noncurrent assets74      
Total noncurrent assets:2,4802,4452,4382,4402,4512,4562,398
TOTAL ASSETS:2,9822,9742,9712,7872,6863,2633,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14812014689115130114
Accounts payable82921257571108106
Employee-related liabilities4028211420219
Interest and dividends payable26   25  
Deferred revenue48262353334290
Debt7777444
Disposal group, including discontinued operation    124124124
Other undisclosed current liabilities192199194157148171156
Total current liabilities:395353370305424471488
Noncurrent Liabilities
Long-term debt and lease obligation 1,2921,2921,291 1,0871,087
Long-term debt, excluding current maturities 1,2921,2921,291 1,0871,087
Liabilities, other than long-term debt319320321315277256241
Deferred revenue13131418171415
Deferred income tax liabilities253256251249214205188
Other liabilities53515648463738
Other undisclosed noncurrent liabilities1,9616706716731,6181,0761,077
Total noncurrent liabilities:2,2802,2822,2842,2801,8952,4202,405
Total liabilities:2,6752,6352,6532,5852,3192,8912,893
Stockholders' equity
Stockholders' equity attributable to parent307339317202367372320
Common stock  9218166
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Retained earnings308340310201350358315
Stockholders' equity attributable to noncontrolling interest      3
Total stockholders' equity:307339317202367372323
TOTAL LIABILITIES AND EQUITY:2,9822,9742,9712,7872,6863,2633,216

Income Statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues365393515324278338185
Gross profit:365393515324278338185
Operating expenses(330)(325)(380)(278)(256)(288)(186)
Operating income (loss):3568135472350(0)
Nonoperating income (expense)1920156(6)8(31)
Interest and debt expense(22)(22)(22)(19)(21)(20)(20)
Income (loss) from continuing operations before equity method investments, income taxes:326612833(4)37(52)
Other undisclosed income from continuing operations before income taxes22222219212020
Income (loss) from continuing operations before income taxes:5488150521757(32)
Income tax expense (benefit)(10)(26)(42)(16)(0)(14)8
Other undisclosed income from continuing operations     0 
Income (loss) before gain (loss) on sale of properties:4361108361643(24)
Other undisclosed net income (loss)    1(0)(95)
Net income (loss):4361108361743(119)
Net income attributable to noncontrolling interest     0 
Net income (loss) available to common stockholders, diluted:4361108361743(119)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):4361108361743(119)
Comprehensive income (loss):4361108361743(119)
Comprehensive income, net of tax, attributable to noncontrolling interest     0 
Comprehensive income (loss), net of tax, attributable to parent:4361108361743(119)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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