Churchill Downs, Incorporated (CHDN) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1901335249756845
Cash and cash equivalents1901335249756845
Restricted cash and investments44 31343026 
Receivables374685896910547
Disposal group, including discontinued operation  69    
Income taxes receivable12
Other current assets31221951402512
Other undisclosed current assets 40 23101845
Total current assets:302242256246223242161
Noncurrent Assets
Property, plant and equipment895758608574573595585
Long-term investments and receivables62510817113913011086
Long-term investments62510817113913011086
Intangible assets, net (including goodwill)7206024871,2781,3381,389499
Goodwill364338318832842840301
Intangible assets, net (excluding goodwill)356264169446496550198
Disposal group, including discontinued operation, noncurrent assets  823   
Other noncurrent assets21161411142421
Other undisclosed noncurrent assets   6   
Total noncurrent assets:2,2611,4842,1032,0082,0552,1191,192
TOTAL ASSETS:2,5631,7252,3592,2542,2772,3601,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities200159154175156154110
Accounts payable76475453394643
Accrued liabilities1259076100989167
Interest and dividends payable 2324221917 
Debt4441416121
Disposal group, including discontinued operation  188    
Business combination, contingent consideration, liability   68279 
Deferred revenue and credits7164465451
Other undisclosed current liabilities72933714714211551
Total current liabilities:276257453468640334213
Noncurrent Liabilities
Long-term debt and lease obligation3858801,125908766459369
Long-term debt, excluding current maturities3858801,125908766459369
Liabilities, other than long-term debt391610019422851665
Deferred revenue and credits2924161617
Deferred tax liabilities, net  15312815031
Disposal group, including discontinued operation, liabilities  55    
Other liabilities39161616182218
Business combination, contingent consideration, liability    66328
Other undisclosed noncurrent liabilities1,3139941 27352 
Total noncurrent liabilities:1,7369951,2661,1011,0201,326434
Total liabilities:2,0121,2521,7191,5691,6601,660647
Stockholders' equity
Stockholders' equity attributable to parent550473640685617700705
Common stock  7117134262296
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(0) 
Retained earnings551474634570484438409
Total stockholders' equity:550473640685617700705
TOTAL LIABILITIES AND EQUITY:2,5631,7252,3592,2542,2772,3601,352

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2681,0098831,3091,2121,1281,067
Revenue, net8831,3091,2121,1281,067
Cost of revenue
(Cost of Goods and Services Sold)
  (247)(241)(241)(244)(223)
Gross profit:1,2681,0096351,067971884844
Operating expenses(1,044)(820)(737)(1,114)(144)(164)(148)
Other operating income (expense), net    (18)(27)27
Other expenses    (18)(24)27
Other undisclosed operating income (loss)  247241(685)(602)(632)
Operating income:2241891461941249090
Nonoperating income (expense)(29)45(43)(26)(12)(14)(5)
Other nonoperating income1110616
Interest and debt expense(52)(40)(21)(44)(29)(21)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(40)      
Income from continuing operations before equity method investments, income taxes:10319482124835679
Income (loss) from equity method investments10    6(4)
Other undisclosed income from continuing operations before income taxes83402144291510
Income from continuing operations before income taxes:1952341031681127786
Income tax expense (benefit)(52)(51)20(60)(47)(30)(30)
Income from continuing operations:143183122108654655
Income (loss) from discontinued operations  (0)  0(0)
Other undisclosed loss before gain (loss) on sale of properties(168)      
Net income (loss):(26)183122108654755
Other undisclosed net income (loss) attributable to parent17117018  (0) 
Net income attributable to parent:145353141108654655
Other undisclosed net loss available to common stockholders, basic  (0)(1)(1)(0)(1)
Net income available to common stockholders, basic:145353140107654654
Other undisclosed net income available to common stockholders, diluted  011  
Net income available to common stockholders, diluted:145353141108654654

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(26)183122108654755
Other comprehensive income (loss) 0(0)(1)(0)(0) 
Comprehensive income (loss):(26)183122108654755
Other undisclosed comprehensive income (loss), net of tax, attributable to parent17117018  (0) 
Comprehensive income, net of tax, attributable to parent:145353140108654655

Statements sources

The financial statements are based on the company's filings with the 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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