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Churchill Downs

OverviewSuggest Edit

Churchill Downs Incorporated is a racing, gaming, and online entertainment company. The Company manages its operations through six operating segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate. CDI's Racing segment includes four racetracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course. The Company is also a provider of brick-and-mortar real money casinos (Oxford Casino, Riverwalk Casino, Harlow’s Casino, Calder Casino and Fair Grounds Slots and Video Services, LLC) and two hotels (Riverwalk and Harlow’s).

TypePublic
Founded1875
HQLouisville, KY, USMap
Websitechurchilldownsincorporated.com
Employee Ratings3.7More
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)5,500(+35%)
Revenue (FY, 2019)$1.3 B(+32%)
Share Price (Jan 2021)$207.3
Cybersecurity ratingBMore

Key People/Management at Churchill Downs

William C. Carstanjen

William C. Carstanjen

Chief Executive Officer
Bradley K. Blackwell

Bradley K. Blackwell

SVP, General Counsel
William E. Mudd

William E. Mudd

President and Chief Operating Officer
Marcia A. Dall

Marcia A. Dall

Executive Vice President and Chief Financial Officer
Kevin Flanery

Kevin Flanery

SVP, CDI and President of Churchill Downs Racetrack
Benjamin C. Murr

Benjamin C. Murr

SVP and Chief Technology Officer
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Churchill Downs Office Locations

Churchill Downs has an office in Louisville
Louisville, KY, US (HQ)
600 N Hurstbourne Pkwy
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Churchill Downs Financials and Metrics

Churchill Downs Revenue

Churchill Downs's revenue was reported to be $1.33 b in FY, 2019
USD

Revenue (Q3, 2020)

60.8m

Gross profit (Q3, 2020)

12.5m

Gross profit margin (Q3, 2020), %

20.6%

Market capitalization (15-Jan-2021)

8.2b

Closing stock price (15-Jan-2021)

207.3

Cash (30-Sept-2020)

679.6m
Churchill Downs's current market capitalization is $8.2 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

696.9m732.4m1.3b882.6m1.0b1.3b

Revenue growth, %

4%49%8%

Sales and marketing expense

9.5m9.9m

General and administrative expense

64.5m73.8m83.4m85.1m90.8m100.2m83.1m90.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

249.7m166.3m138.2m270.8m164.9m148.1m283.8m221.3m265.4m477.4m31.4m252.9m23.3m60.8m

Cost of goods sold

30.8m31.1m48.3m

Gross profit

600.0k(7.8m)12.5m

Gross profit Margin, %

2%(33%)21%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

27.3m37.2m44.7m67.9m74.5m48.7m51.7m133.3m96.2m

Accounts Receivable

49.8m47.2m46.6m75.9m67.7m49.6m28.8m37.3m

Inventories

Current Assets

144.5m147.1m160.7m241.7m222.8m246.0m256.1m241.5m221.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

31.0m26.9m28.9m31.8m30.0m39.3m38.9m43.8m47.2m46.7m42.0m49.5m59.2m51.1m51.1m55.1m56.9m54.9m41.8m57.8m202.7m254.6m131.3m119.7m202.7m189.8m700.9m649.2m679.6m

Accounts Receivable

41.2m33.1m24.1m44.1m38.2m26.6m46.6m40.3m35.2m45.9m35.4m60.4m66.9m61.7m52.2m61.5m50.8m62.3m70.6m74.0m34.6m37.3m33.8m47.5m72.8m35.4m36.5m47.5m

Current Assets

177.7m145.6m124.0m151.6m133.2m133.4m156.3m147.6m149.0m153.9m126.3m202.7m215.1m209.1m198.0m209.6m201.2m213.3m208.8m234.8m294.8m354.1m230.3m259.4m348.5m301.9m817.7m806.6m

PP&E

487.0m482.0m475.5m472.0m469.5m539.2m537.3m576.1m590.6m595.9m591.7m590.2m589.6m571.5m573.2m577.9m573.3m590.7m602.8m619.4m634.9m668.5m753.4m866.5m895.2m990.8m1.0b1.1b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

64.4m58.3m54.9m46.4m65.2m108.1m140.5m352.8m137.2m

Depreciation and Amortization

55.2m55.6m61.8m68.3m109.7m108.6m97.1m69.6m96.4m

Accounts Payable

14.4m3.5m(5.9m)(8.4m)

Cash From Operating Activities

173.2m144.4m144.9m141.6m264.5m226.8m218.2m197.8m289.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

37.0m56.7m1.4m49.9m55.9m1.1m51.4m60.6m(700.0k)56.6m60.2m(1.6m)53.5m57.7m2.8m72.6m81.3m7.3m85.6m102.3m182.0m285.1m341.4m11.6m118.7m133.5m(23.4m)(142.3m)(99.2m)

Depreciation and Amortization

27.9m41.3m13.8m27.4m40.8m15.0m30.0m45.8m15.3m31.0m48.3m27.4m54.7m82.1m27.0m53.9m81.4m24.5m49.3m73.3m13.8m29.1m45.8m20.8m42.3m64.3m44.1m66.5m

Accounts Payable

10.9m229.0k(2.4m)6.5m395.0k(203.0k)16.4m5.8m9.5m28.4m2.9m9.5m27.0m8.6m

Cash From Operating Activities

104.8m131.6m55.1m96.1m102.1m46.7m100.3m114.4m51.9m119.1m114.2m89.7m194.2m223.2m66.6m166.8m189.0m74.6m171.1m164.2m55.9m162.3m135.4m70.3m214.3m260.2m43.5m76.9m137.3m
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USDQ2, 2011

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
Show all financial metrics

Churchill Downs Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

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Churchill Downs Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Churchill Downs Online and Social Media Presence

Churchill Downs's Trends

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Churchill Downs News and Updates

January 11, 2021

Churchill Downs Rebrands Two of Its Well-known Platforms

Churchil Downs Incorporated has decided to BetAmerica sportsbook and iGaming platform to TwinSpires. The reason behind this rebranding is the company’s desire to move to a single brand strategy for its online wagering segment. The transition of the brand from BetAmerica to TwinSpires will be launche…
January 05, 2021

Churchill Downs Incorporated Rebrands BetAmerica Sportsbook and iGaming Platform to TwinSpires

LOUISVILLE, Ky., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today it will move to a single brand strategy for its online wagering segment by rebranding the Company’s sportsbook and iGaming platform as TwinSpires.
September 16, 2020

Churchill Downs Incorporated to Open Gaming Operations, Restaurants, Grandstand and Event Center at Oak Grove Racing, Gaming & Hotel on September 18th

Hotel and Other Amenities Planned to Open in October 2020 Hotel and Other Amenities Planned to Open in October 2020
August 12, 2020

Churchill Downs to limit Kentucky Derby attendees to less than 23,000, and will require face coverings

Churchill Downs Inc. provided Wednesday an update to its safety plan for the 146th running of the Kentucky Derby amid the COVID-19 pandemic, which is scheduled for Sept. 5. The company said attendance will be limited to less than 23,000 fans, which is less than 14% of the attendance record, and lim…
August 12, 2020

Churchill Downs to limit Kentucky Derby attendance; masks required, temps taken

Churchill Downs to limit Kentucky Derby attendance; masks required, temps taken
July 06, 2020

Churchill Downs re-suspends operations at Miami casino less than a month after it was reopened

Churchill Downs Inc. said Monday that it has temporarily suspended operations at Calder Casino in Miami as of July 3, less than a month after it was opened. The racing and gaming company said the suspension comes after an emergency order was issued by Miami Mayor Carlos Gimenez to close entertainme…
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Churchill Downs Blogs

December 22, 2020

Churchill Downs Incorporated Names Mike Anderson President of Churchill Downs Racetrack

Churchill Downs Incorporated Names Mike Anderson President of Churchill Downs Racetrack Content Import Tue, 12/22/2020 - 16:04 Churchill Downs Incorporated Names Mike Anderson President of Churchill Downs Racetrack Dec 22, 2020 This release is a backfill from…
November 18, 2020

T. Kevin Flanery, President of Churchill Downs Racetrack, to Retire at Year-End

Flanery Has Served as the 13th Track President Since 2009 LOUISVILLE, Ky., Nov. 18, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that after 11 years at the helm of the world’s most legendary racetrack, T.
October 28, 2020

Churchill Downs Incorporated Reports 2020 Third Quarter Results

LOUISVILLE, Ky., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) ("CDI" or the "Company") today reported business results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights/Update on Operations Net revenue of $337.8 million, up 10% over the
September 28, 2020

BetAmerica Launches Retail Sportsbook in Colorado at Bronco Billy’s Casino

BetAmerica Launches Retail Sportsbook in Colorado at Bronco Billy’s Casino Content Import Mon, 09/28/2020 - 12:13 BetAmerica Launches Retail Sportsbook in Colorado at Bronco Billy’s Casino Sep 28, 2020 This release is a backfill from a News Wire …
September 28, 2020

BetAmerica Launches Retail Sportsbook in Michigan at Island Resort & Casino

BetAmerica Launches Retail Sportsbook in Michigan at Island Resort & Casino Content Import Mon, 09/28/2020 - 12:12 BetAmerica Launches Retail Sportsbook in Michigan at Island Resort & Casino Sep 28, 2020 This release is a backfill from a News Wire …
September 24, 2020

Churchill Downs Incorporated Statement on Kentucky Supreme Court Ruling Regarding the Exacta System Used in Historical Horse Racing Machines

LOUISVILLE, Ky. , Sept. 24, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) released today the following statement regarding the Kentucky Supreme Court ruling on the Exacta system used in historical horse racing machines (“HRMs”) in Kentucky .
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 Churchill Downs Frequently Asked Questions

  • When was Churchill Downs founded?

    Churchill Downs was founded in 1875.

  • Who are Churchill Downs key executives?

    Churchill Downs's key executives are William C. Carstanjen, Bradley K. Blackwell and William E. Mudd.

  • How many employees does Churchill Downs have?

    Churchill Downs has 5,500 employees.

  • What is Churchill Downs revenue?

    Latest Churchill Downs annual revenue is $1.3 b.

  • What is Churchill Downs revenue per employee?

    Latest Churchill Downs revenue per employee is $241.8 k.

  • Who are Churchill Downs competitors?

    Competitors of Churchill Downs include WDTS, Station Casinos and GVC Holdings.

  • Where is Churchill Downs headquarters?

    Churchill Downs headquarters is located at 600 N Hurstbourne Pkwy, Louisville.

  • Where are Churchill Downs offices?

    Churchill Downs has an office in Louisville.

  • How many offices does Churchill Downs have?

    Churchill Downs has 1 office.