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Churchill Downs

  • Market Capitalization$7.6 B2022-06-24

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 Ratings3.9
View Jobs (214)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)5,500(+35%)
Job Openings214
Revenue (FY, 2019)$1.3 B(+32%)
Share Price (Jun 2022)$198.8(+11%)
Cybersecurity ratingBMore
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Key People/Management at Churchill Downs

William C. Carstanjen

William C. Carstanjen

Chief Executive Officer
Craig J. Duchossois

Craig J. Duchossois

Director Emeriti
R. Alex Rankin

R. Alex Rankin

Director
Bradley K. Blackwell

Bradley K. Blackwell

SVP, General Counsel
James F. McDonald

James F. McDonald

Director Emeritus
G. Watts Humphrey

G. Watts Humphrey

Director Emeritus
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Churchill Downs Office Locations

Churchill Downs has an office in Louisville
Louisville, KY, US (HQ)
600 N Hurstbourne Pkwy
Show all (1)

Churchill Downs Financials and Metrics

Churchill Downs Revenue

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

Net income (FY, 2020)

(82.1m)

EBIT (FY, 2020)

60.2m

Market capitalization (24-Jun-2022)

7.6b

Closing stock price (24-Jun-2022)

198.8

Cash (31-Dec-2020)

67.4m
Churchill Downs's current market capitalization is $7.6 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

4%49%8%

Sales and marketing expense

9.5m9.9m

General and administrative expense

64.5m73.8m83.4m85.1m90.8m100.2m83.1m90.5m114.8m
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, 2019FY, 2020

Cash

27.3m37.2m44.7m67.9m74.5m48.7m51.7m133.3m96.2m67.4m

Accounts Receivable

49.8m47.2m46.6m75.9m67.7m49.6m28.8m37.3m36.5m

Inventories

Current Assets

144.5m147.1m160.7m241.7m222.8m246.0m256.1m241.5m221.2m235.1m
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, 2019FY, 2020

Net Income

64.4m58.3m54.9m46.4m65.2m108.1m140.5m352.8m137.2m(82.1m)

Depreciation and Amortization

55.2m55.6m61.8m68.3m109.7m108.6m97.1m69.6m96.4m92.9m

Accounts Payable

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

Cash From Operating Activities

173.2m144.4m144.9m141.6m264.5m226.8m218.2m197.8m289.6m141.9m
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

June 17, 2022

Churchill Downs Incorporated Closes on Sale of 115.7 Acres of Land by Calder Casino for $291 Million

LOUISVILLE, Ky., June 17, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that it closed on the sale of 115.7 acres of excess land near Calder Casino for $291 million (or approximately $2.5 million per acre) to Link Logistics, one of the pr…
June 02, 2022

Churchill Downs Incorporated Names Katherine Armstrong Senior Vice President of Human Resources

Chuck Kenyon to Retire From HR Leadership Role after 18 Years Chuck Kenyon to Retire From HR Leadership Role after 18 Years
May 06, 2022

Kentucky Derby owner Churchill Downs moves away from online gambling, doubles down on horse betting

Churchill Downs says it is switching its strategy because online sports betting became too costly.
April 27, 2022

Churchill Downs Incorporated to Transform the Churchill Downs Racetrack Paddock

$185 - $200 Million Project to Debut for the 150th Kentucky Derby in May 2024 $185 - $200 Million Project to Debut for the 150th Kentucky Derby in May 2024
April 13, 2022

Churchill Downs Incorporated Announces Closing of a $1,200 Million Senior Secured Revolver due 2027, $800 Million Senior Secured Delayed Draw Term Loan A due 2029, and $1,200 Million of Senior Notes due 2030

LOUISVILLE, Ky., April 13, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that CDI successfully closed an amendment of its senior secured credit agreement (the “Credit Agreement Amendment”) to extend the maturity date of its existing r…
March 30, 2022

Churchill Downs Incorporated Announces Proposed Offering of $900 Million of Senior Notes due 2030

LOUISVILLE, Ky., March 30, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that CDI Escrow Issuer, Inc. (the “Escrow Issuer”), a wholly owned subsidiary of CDI, intends to offer, subject to market and customary conditions, $900 million …
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Churchill Downs Blogs

April 27, 2022

Churchill Downs Incorporated Reports 2022 First Quarter Results

LOUISVILLE, Ky., April 27, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights Record First Quarter 2022 results: Record net revenue of
April 07, 2022

Churchill Downs Incorporated 2022 First Quarter Financial Results Conference Call Invitation

Churchill Downs Incorporated 2022 First Quarter Financial Results Conference Call Invitation Content Import Thu, 04/07/2022 - 16:06 Churchill Downs Incorporated 2022 First Quarter Financial Results Conference Call Invitation Apr 07, 2022 This release is a bac…
March 22, 2022

Churchill Downs Incorporated Announces Definitive Agreement to Acquire Chasers Poker Room in Salem, New Hampshire

Churchill Downs Incorporated Announces Definitive Agreement to Acquire Chasers Poker Room in Salem, New Hampshire Content Import Tue, 03/22/2022 - 16:05 Churchill Downs Incorporated Announces Definitive Agreement to Acquire Chasers Poker Room in Salem, New Hampshire Mar 22, …
February 23, 2022

Churchill Downs Incorporated Reports 2021 Fourth Quarter and Full Year Results

LOUISVILLE, Ky., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the quarter and full year ended December 31, 2021. Company Highlights Record 2021 net revenue of $1,597.2 million, up 52% over the
February 16, 2022

Churchill Downs Incorporated Names Nate Simon Senior Vice President and Chief Technology Officer

LOUISVILLE, Ky., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Nate Simon has been named Senior Vice President and Chief Technology Officer of the Company. In this role, he will be responsible for providing strategic
January 14, 2022

Churchill Downs Incorporated Names Ben Murr President of TwinSpires and Online Gaming

Churchill Downs Incorporated Names Ben Murr President of TwinSpires and Online Gaming Content Import Fri, 01/14/2022 - 16:05 Churchill Downs Incorporated Names Ben Murr President of TwinSpires and Online Gaming Jan 14, 2022 This release is a backfill from a N…
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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, Craig J. Duchossois and R. Alex Rankin.

  • How many employees does Churchill Downs have?

    Churchill Downs has 5,500 employees.

  • Who are Churchill Downs competitors?

    Competitors of Churchill Downs include Sbobet, GVC Holdings and Lottoland.

  • 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.