Churchill Downs, Incorporated (CHDN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2916796133524975
Cash and cash equivalents2916796133524975
Restricted cash and investments645446 313430
Receivables108865246858969
Disposal group, including discontinued operation    69  
Other current assets38282722195140
Other undisclosed current assets   40 2310
Total current assets:502235221242256246223
Noncurrent Assets
Operating lease, right-of-use asset272225
Property, plant and equipment9681,060913758608574573
Long-term investments and receivables664631635108171139130
Long-term investments664631635108171139130
Intangible assets, net (including goodwill)7157177376024871,2781,338
Goodwill367367367338318832842
Intangible assets, net (excluding goodwill)348351370264169446496
Regulated entity, other noncurrent assets14      
Disposal group, including discontinued operation, noncurrent assets    823  
Other noncurrent assets19212116141114
Other undisclosed noncurrent assets74    6 
Total noncurrent assets:2,4802,4512,3301,4842,1032,0082,055
TOTAL ASSETS:2,9822,6862,5511,7252,3592,2542,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities148115111159154175156
Accounts payable82715847545339
Accrued liabilities   907610098
Employee-related liabilities402029    
Interest and dividends payable26252423242219
Deferred revenue483343
Debt749441416
Disposal group, including discontinued operation 124  188  
Business combination, contingent consideration, liability     68279
Deferred revenue and credits716446
Other undisclosed current liabilities1921481399337147142
Total current liabilities:395424301257453468640
Noncurrent Liabilities
Long-term debt and lease obligation   8801,125908766
Long-term debt, excluding current maturities   8801,125908766
Liabilities, other than long-term debt31927726916100194228
Deferred revenue and credits292416
Deferred revenue131717
Deferred tax liabilities, net  153128
Deferred income tax liabilities253214213
Disposal group, including discontinued operation, liabilities    55  
Other liabilities53463916161618
Business combination, contingent consideration, liability      66
Other undisclosed noncurrent liabilities1,9611,6181,4709941 27
Total noncurrent liabilities:2,2801,8951,7399951,2661,1011,020
Total liabilities:2,6752,3192,0401,2521,7191,5691,660
Stockholders' equity
Stockholders' equity attributable to parent307367508473640685617
Common stock 18  7117134
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Retained earnings308350509474634570484
Stockholders' equity attributable to noncontrolling interest  3    
Total stockholders' equity:307367511473640685617
TOTAL LIABILITIES AND EQUITY:2,9822,6862,5511,7252,3592,2542,277

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5971,0541,3301,0098831,3091,212
Revenue, net8831,3091,212
Cost of revenue
(Cost of Goods and Services Sold)
    (247)(241)(241)
Gross profit:1,5971,0541,3301,0096351,067971
Operating expenses(1,313)(994)(1,114)(820)(737)(1,114)(144)
Other operating expense, net
(Other Expenses)
      (18)
Other undisclosed operating income (loss)    247241(685)
Operating income:28460216189146194124
Nonoperating income (expense)59(52)(19)45(43)(26)(12)
Other nonoperating income1011106
Interest and debt expense(85)(80)(71)(40)(21)(44)(29)
Income (loss) from continuing operations before equity method investments, income taxes:259(72)1261948212483
Other undisclosed income from continuing operations before income taxes85807140214429
Income from continuing operations before income taxes:3448196234103168112
Income tax expense (benefit)(95)5(57)(51)20(60)(47)
Other undisclosed income from continuing operations 00    
Income from continuing operations:2491414018312210865
Loss from discontinued operations    (0)  
Income before gain (loss) on sale of properties:2491414018312210865
Other undisclosed net loss (96)(3)    
Net income (loss):249(82)13718312210865
Net income attributable to noncontrolling interest 00    
Other undisclosed net income attributable to parent   17018  
Net income (loss) attributable to parent:249(82)13835314110865
Other undisclosed net loss available to common stockholders, basic    (0)(1)(1)
Net income (loss) available to common stockholders, basic:249(82)13835314010765
Other undisclosed net income available to common stockholders, diluted    011
Net income (loss) available to common stockholders, diluted:249(82)13835314110865

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):249(82)13718312210865
Other comprehensive income (loss)   0(0)(1)(0)
Comprehensive income (loss):249(82)13718312210865
Comprehensive income, net of tax, attributable to noncontrolling interest 00    
Other undisclosed comprehensive income, net of tax, attributable to parent   17018  
Comprehensive income (loss), net of tax, attributable to parent:249(82)13835314010865

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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