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)

12/31/2019
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 investments961335249756845
Cash and cash equivalents961335249756845
Restricted cash and investments46 31343026 
Receivables524685896910547
Disposal group, including discontinued operation  69    
Income taxes receivable12
Other current assets27221951402512
Other undisclosed current assets 40 23101845
Total current assets:221242256246223242161
Noncurrent Assets
Operating lease, right-of-use asset25
Property, plant and equipment913758608574573595585
Long-term investments and receivables63510817113913011086
Long-term investments63510817113913011086
Intangible assets, net (including goodwill)7376024871,2781,3381,389499
Goodwill367338318832842840301
Intangible assets, net (excluding goodwill)370264169446496550198
Disposal group, including discontinued operation, noncurrent assets  823   
Other noncurrent assets21161411142421
Other undisclosed noncurrent assets   6   
Total noncurrent assets:2,3301,4842,1032,0082,0552,1191,192
TOTAL ASSETS:2,5511,7252,3592,2542,2772,3601,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111159154175156154110
Accounts payable58475453394643
Accrued liabilities 9076100989167
Employee-related liabilities29      
Interest and dividends payable242324221917 
Deferred revenue43
Debt9441416121
Disposal group, including discontinued operation  188    
Business combination, contingent consideration, liability   68279 
Deferred revenue and credits7164465451
Other undisclosed current liabilities139933714714211551
Total current liabilities:301257453468640334213
Noncurrent Liabilities
Long-term debt and lease obligation 8801,125908766459369
Long-term debt, excluding current maturities 8801,125908766459369
Liabilities, other than long-term debt2691610019422851665
Deferred revenue and credits2924161617
Deferred revenue17
Deferred tax liabilities, net  15312815031
Deferred income tax liabilities213
Disposal group, including discontinued operation, liabilities  55    
Other liabilities39161616182218
Business combination, contingent consideration, liability    66328
Other undisclosed noncurrent liabilities1,4709941 27352 
Total noncurrent liabilities:1,7399951,2661,1011,0201,326434
Total liabilities:2,0401,2521,7191,5691,6601,660647
Stockholders' equity
Stockholders' equity attributable to parent508473640685617700705
Common stock  7117134262296
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(0) 
Retained earnings509474634570484438409
Stockholders' equity attributable to noncontrolling interest3      
Total stockholders' equity:511473640685617700705
TOTAL LIABILITIES AND EQUITY:2,5511,7252,3592,2542,2772,3601,352

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3301,0098831,3091,2121,1281,067
Revenue, net8831,3091,2121,1281,067
Cost of revenue
(Cost of Goods and Services Sold)
  (247)(241)(241)(244)(223)
Gross profit:1,3301,0096351,067971884844
Operating expenses(1,114)(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:2161891461941249090
Nonoperating income (expense)(19)45(43)(26)(12)(14)(5)
Other nonoperating income1110616
Interest and debt expense(71)(40)(21)(44)(29)(21)(6)
Income from continuing operations before equity method investments, income taxes:12619482124835679
Income (loss) from equity method investments     6(4)
Other undisclosed income from continuing operations before income taxes71402144291510
Income from continuing operations before income taxes:1962341031681127786
Income tax expense (benefit)(57)(51)20(60)(47)(30)(30)
Other undisclosed income from continuing operations0      
Income from continuing operations:140183122108654655
Income (loss) from discontinued operations  (0)  0(0)
Income before gain (loss) on sale of properties:140183122108654755
Other undisclosed net loss(3)      
Net income:137183122108654755
Net income attributable to noncontrolling interest0      
Other undisclosed net income (loss) attributable to parent 17018  (0) 
Net income attributable to parent:138353141108654655
Other undisclosed net loss available to common stockholders, basic  (0)(1)(1)(0)(1)
Net income available to common stockholders, basic:138353140107654654
Other undisclosed net income available to common stockholders, diluted  011  
Net income available to common stockholders, diluted:138353141108654654

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:137183122108654755
Other comprehensive income (loss) 0(0)(1)(0)(0) 
Comprehensive income:137183122108654755
Comprehensive income, net of tax, attributable to noncontrolling interest0      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 17018  (0) 
Comprehensive income, net of tax, attributable to parent:138353140108654655

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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