Churchill Downs, Incorporated (CHDN) financial statements (2021 and earlier)

Company profile

Business Address 600 N HURSTBOURNE PKWY
LOUISVILLE, KY 40222-5389
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments679613352497568
Cash and cash equivalents679613352497568
Restricted cash and investments5446 31343026
Receivables865246858969105
Disposal group, including discontinued operation   69   
Other current assets28272219514025
Other undisclosed current assets  40 231018
Total current assets:235221242256246223242
Noncurrent Assets
Operating lease, right-of-use asset2225
Property, plant and equipment1,060913758608574573595
Long-term investments and receivables631635108171139130110
Long-term investments631635108171139130110
Intangible assets, net (including goodwill)7177376024871,2781,3381,389
Goodwill367367338318832842840
Intangible assets, net (excluding goodwill)351370264169446496550
Disposal group, including discontinued operation, noncurrent assets   823   
Other noncurrent assets21211614111424
Other undisclosed noncurrent assets    6  
Total noncurrent assets:2,4512,3301,4842,1032,0082,0552,119
TOTAL ASSETS:2,6862,5511,7252,3592,2542,2772,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities115111159154175156154
Accounts payable71584754533946
Accrued liabilities  90761009891
Employee-related liabilities2029     
Interest and dividends payable25242324221917
Deferred revenue3343
Debt4944141612
Disposal group, including discontinued operation124  188   
Business combination, contingent consideration, liability    68279 
Deferred revenue and credits71644654
Other undisclosed current liabilities1481399337147142115
Total current liabilities:424301257453468640334
Noncurrent Liabilities
Long-term debt and lease obligation  8801,125908766459
Long-term debt, excluding current maturities  8801,125908766459
Liabilities, other than long-term debt27726916100194228516
Deferred revenue and credits29241616
Deferred revenue1717
Deferred tax liabilities, net  153128150
Deferred income tax liabilities214213
Disposal group, including discontinued operation, liabilities   55   
Other liabilities46391616161822
Business combination, contingent consideration, liability     66328
Other undisclosed noncurrent liabilities1,6181,4709941 27352
Total noncurrent liabilities:1,8951,7399951,2661,1011,0201,326
Total liabilities:2,3192,0401,2521,7191,5691,6601,660
Stockholders' equity
Stockholders' equity attributable to parent367508473640685617700
Common stock18  7117134262
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(0)
Retained earnings350509474634570484438
Stockholders' equity attributable to noncontrolling interest 3     
Total stockholders' equity:367511473640685617700
TOTAL LIABILITIES AND EQUITY:2,6862,5511,7252,3592,2542,2772,360

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,0541,3301,0098831,3091,2121,128
Revenue, net8831,3091,2121,128
Cost of revenue
(Cost of Goods and Services Sold)
   (247)(241)(241)(244)
Gross profit:1,0541,3301,0096351,067971884
Operating expenses(994)(1,114)(820)(737)(1,114)(144)(164)
Other operating expense, net     (18)(27)
Other expenses     (18)(24)
Other undisclosed operating income (loss)   247241(685)(602)
Operating income:6021618914619412490
Nonoperating income (expense)(52)(19)45(43)(26)(12)(14)
Other nonoperating income0111061
Interest and debt expense(80)(71)(40)(21)(44)(29)(21)
Income (loss) from continuing operations before equity method investments, income taxes:(72)126194821248356
Income from equity method investments      6
Other undisclosed income from continuing operations before income taxes80714021442915
Income from continuing operations before income taxes:819623410316811277
Income tax expense (benefit)5(57)(51)20(60)(47)(30)
Other undisclosed income from continuing operations00     
Income from continuing operations:141401831221086546
Income (loss) from discontinued operations   (0)  0
Income before gain (loss) on sale of properties:141401831221086547
Other undisclosed net loss(96)(3)     
Net income (loss):(82)1371831221086547
Net income attributable to noncontrolling interest00     
Other undisclosed net income (loss) attributable to parent  17018  (0)
Net income (loss) attributable to parent:(82)1383531411086546
Other undisclosed net loss available to common stockholders, basic   (0)(1)(1)(0)
Net income (loss) available to common stockholders, basic:(82)1383531401076546
Other undisclosed net income available to common stockholders, diluted   011 
Net income (loss) available to common stockholders, diluted:(82)1383531411086546

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(82)1371831221086547
Other comprehensive income (loss)  0(0)(1)(0)(0)
Comprehensive income (loss):(82)1371831221086547
Comprehensive income, net of tax, attributable to noncontrolling interest00     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  17018  (0)
Comprehensive income (loss), net of tax, attributable to parent:(82)1383531401086546

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: