Churchill Downs

Churchill Downs Incorporated (CDI) (NASDAQ: CHDN), headquartered in Louisville, Ky., owns the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations in Miami Gardens, Fla.; racetrack, casino and video poker operations in New Orleans, La.; racetrack operations in Arlington Heights, Ill.; a casino resort in Greenville, Miss.; a casino hotel in Vicksburg, Miss.; a casino in Oxford, Maine; and a 50 percent owned joint venture, Miami Valley Gaming and Racing LLC, in Lebanon, Ohio. CDI also owns Big Fish Games, Inc., one of the world’s largest producers and distributors of casual games; the country's premier online wagering company, TwinSpires.com; the totalisator company, United Tote; Bluff Media, an Atlanta-based multimedia poker company; and a collection of racing-related telecommunications and data companies.

Type
Public
HQ
Louisville, US
Founded
1875
Size (employees)
4,000 (est)-11%
Churchill Downs was founded in 1875 and is headquartered in Louisville, US

Churchill Downs Office Locations

Churchill Downs has an office in Louisville
Louisville, US (HQ)
400 Tele. Research Center 600 N Hurstbourne Pkwy

Churchill Downs Data and Metrics

Churchill Downs Financial Metrics

Churchill Downs's revenue was reported to be $1.3 b in FY, 2016 which is a 8% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

1.3 b

Revenue growth (FY, 2015 - FY, 2016), %

8%

Net income (FY, 2016)

108.1 m

EBIT (FY, 2016)

194.2 m

Market capitalization (24-May-2017)

2.8 b

Closing share price (24-May-2017)

168.6

Cash (31-Dec-2016)

48.7 m

EV

3.9 b
Churchill Downs's current market capitalization is $2.8 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

779.3 m812.9 m1.2 b1.3 b

Revenue growth, %

4%49%8%

Operating expense total

1.1 b

EBIT

94.2 m84.1 m112.4 m194.2 m

EBIT margin, %

12%10%9%15%

Interest expense

6.2 m20.8 m28.6 m43.7 m

Interest income

112 k20 k42 k

Income tax expense

(30.5 m)(30.2 m)(46.9 m)(60 m)

Net Income

54.9 m46.4 m65.2 m108.1 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

44.7 m67.9 m74.5 m48.7 m

Accounts Receivable

Inventories

Current Assets

160.7 m241.7 m222.8 m246 m

PP&E

585.5 m595.3 m573.2 m574.4 m

Goodwill

300.6 m839.5 m841.7 m832.2 m

Total Assets

1.4 b2.4 b2.3 b2.3 b

Accounts Payable

43.1 m45.6 m39.1 m53.2 m

Dividends Payable

15.2 m17.4 m19.1 m21.8 m

Total Debt

600 m765.5 m1.2 b

Current Liabilities

213.2 m334 m640.1 m468.1 m

Retained Earnings

408.8 m437.8 m483.8 m569.7 m

Total Equity

617.2 m685 m

Debt to Equity Ratio

1.2 x1.7 x

Debt to Assets Ratio

0.3 x0.3 x0.5 x

Financial Leverage

3.7 x3.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

3.1 k46.4 m65.2 m108.1 m

Depreciation and Amortization

61.8 m68.3 m109.7 m108.6 m

Accounts Receivable

(495 k)(1.6 m)

Inventories

Accounts Payable

(5.9 m)(8.4 m)

Cash From Operating Activities

144.9 m141.6 m264.5 m226.8 m

Purchases of PP&E

(48.8 m)(54.5 m)(43.5 m)

Cash From Investing Activities

(281.9 m)(440.3 m)(65.5 m)(50.7 m)

Cash From Financing Activities

144.5 m322 m(190.6 m)(201.9 m)

Interest Paid

4 m17.5 m63.9 m40 m

Income Taxes Paid

(11 m)206 k28.5 m(6.6 m)
Y, 2016

EV/EBIT

20 x

EV/CFO

17.2 x

Debt/Equity

1.7 x

Debt/Assets

0.5 x

Financial Leverage

3.3 x

Churchill Downs Market Value History

Churchill Downs Online and Social Media Presence

Churchill Downs News and Updates

Churchill Downs Company Life and Culture

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