Churchill Downs Incorporated (CHDN) Financial Statements (2025 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 thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments140,300149,400144,500129,900374,000173,900
Cash and cash equivalents140,300149,400144,500129,900374,000173,900
Restricted cash and investments90,60072,60077,30063,30067,10063,500
Receivables136,100115,000119,500108,10079,50074,000
Other current assets69,00079,00059,50069,30062,60066,100
Total current assets:436,000416,000400,800370,600583,200377,500
Noncurrent Assets
Operating lease, right-of-use asset   22,800   
Property, plant and equipment2,752,4002,668,5002,538,4002,383,6002,229,9002,095,400
Long-term investments and receivables648,800647,800655,900660,100644,800651,900
Long-term investments648,800647,800655,900660,100644,800651,900
Intangible assets, net (including goodwill)3,314,6003,315,2003,318,3003,317,2003,087,8003,114,700
Goodwill900,200900,200899,900899,900722,900724,100
Intangible assets, net (excluding goodwill)2,414,4002,415,0002,418,4002,417,3002,364,9002,390,600
Other noncurrent assets18,30019,30019,30019,00032,90034,000
Total noncurrent assets:6,734,1006,650,8006,554,7006,379,9005,995,4005,896,000
TOTAL ASSETS:7,170,1007,066,8006,955,5006,750,5006,578,6006,273,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities292,000220,800232,900208,600218,900194,700
Accounts payable215,000187,800158,500169,000164,200145,300
Accrued liabilities77,00033,00074,40039,60054,70049,400
Deferred revenue19,200153,30073,20030,50025,800120,800
Debt68,00068,00070,50068,00068,00072,000
Other undisclosed current liabilities384,000395,100379,200362,800335,300306,900
Total current liabilities:763,200837,200755,800669,900648,000694,400
Noncurrent Liabilities
Long-term debt and lease obligation4,791,3004,858,900 4,654,8004,551,4004,350,700
Long-term debt, excluding current maturities4,791,3004,858,900 4,654,8004,551,4004,350,700
Liabilities, other than long-term debt568,600543,800537,800537,100525,400524,200
Deferred revenue20,10011,80011,8009,5009,50011,800
Deferred income tax liabilities407,900393,100388,200386,100373,200374,000
Other liabilities140,600138,900137,800141,500142,700138,400
Other undisclosed noncurrent liabilities   4,768,300   
Total noncurrent liabilities:5,359,9005,402,7005,306,1005,191,9005,076,8004,874,900
Total liabilities:6,123,1006,239,9006,061,9005,861,8005,724,8005,569,300
Temporary equity, carrying amount16,100     
Equity
Equity, attributable to parent1,030,900826,900893,600888,700853,800704,200
Common stock    8,0004,700
Accumulated other comprehensive loss(1,000)(900)(900)(900)(900)(900)
Retained earnings1,031,900827,800894,500889,600846,700700,400
Total equity:1,030,900826,900893,600888,700853,800704,200
TOTAL LIABILITIES AND EQUITY:7,170,1007,066,8006,955,5006,750,5006,578,6006,273,500

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues890,700590,900561,200572,500768,500559,500
Gross profit:890,700590,900561,200572,500768,500559,500
Operating expenses(560,700)(464,600)(455,000)(460,200)(542,900)(439,600)
Operating income:330,000126,300106,200112,300225,600119,900
Nonoperating income (expense)(35,700)(24,500)(34,300)(30,500)(26,400)89,000
Other nonoperating income (expense)1008,1004004,100 1,400
Interest and debt expense(73,500)(70,400)(70,600)(67,900)(65,200)(64,700)
Income from continuing operations before equity method investments, income taxes:220,80031,4001,30013,900134,000144,200
Other undisclosed income from continuing operations before income taxes73,50070,40070,60067,90065,20064,700
Income from continuing operations before income taxes:294,300101,80071,90081,800199,200208,900
Income tax expense(84,100)(21,400)(14,300)(20,800)(56,200)(53,200)
Net income:210,20080,40057,60061,000143,000155,700
Net loss attributable to noncontrolling interest(900)     
Net income attributable to parent:209,30080,40057,60061,000143,000155,700
Preferred stock dividends and other adjustments(800)     
Net income available to common stockholders, diluted:208,50080,40057,60061,000143,000155,700

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:210,20080,40057,60061,000143,000155,700
Comprehensive income:210,20080,40057,60061,000143,000155,700
Comprehensive loss, net of tax, attributable to noncontrolling interest(900)     
Comprehensive income, net of tax, attributable to parent:209,30080,40057,60061,000143,000155,700

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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