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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, USMap
Websitechurchilldownsincorporated.com
Employee Ratings3.5More
View Jobs (184)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)4,100(-4%)
Job Openings184
Revenue (FY, 2018)$1 B(+15%)
Share Price (Dec 2019)$131.4 (+2%)

Key People/Management at Churchill Downs

Charles W. Bidwill

Charles W. Bidwill

. Director Emeritus, National Jockey Club
J. David Grissom

J. David Grissom

Chairman, Mayfair Capital/ Glenview Trust Company
James F. McDonald

James F. McDonald

Investor, Partner and Founder of Several Private Businesses
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Churchill Downs Office Locations

Churchill Downs has offices in Louisville and Seattle
Louisville, US (HQ)
600 N Hurstbourne Pkwy
Seattle, US
333 Elliott Ave W
Show all (2)

Churchill Downs Financials and Metrics

Churchill Downs Revenue

Churchill Downs's revenue was reported to be $1.01 b in FY, 2018
USD

Revenue (Q3, 2019)

31.4m

Gross profit (Q3, 2019)

600.0k

Gross profit margin (Q3, 2019), %

1.9%

Market capitalization (6-Dec-2019)

5.2b

Closing stock price (6-Dec-2019)

131.4

Cash (30-Sept-2019)

189.8m

EV

5.5b
Churchill Downs's current market capitalization is $5.2 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

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, 2019

Revenue

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

Cost of goods sold

30.8m

Gross profit

600.0k

Gross profit Margin, %

2%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

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

Accounts Receivable

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

Prepaid Expenses

10.4m13.4m12.0m24.7m39.5m18.9m22.4m

Inventories

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, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

20.2m18.8m17.6m14.0m12.0m22.1m17.4m14.5m20.8m18.4m16.4m35.1m33.2m38.8m53.4m51.5m51.7m57.7m54.2m59.3m26.0m22.1m26.4m37.8m30.2m31.3m

Current Assets

177.7m145.6m124.0m151.6m133.2m133.4m156.3m147.6m149.0m153.9m126.3m202.7m215.1m209.1m198.0m209.6m201.2m213.3m208.8m234.8m294.8m354.1m230.3m259.4m348.5m301.9m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

173.2m144.4m144.9m141.6m264.5m226.8m218.2m197.8m
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, 2019

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

Depreciation and Amortization

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

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

104.8m131.6m55.1m96.1m102.1m46.7m100.3m114.4m51.9m119.1m114.2m89.7m194.2m223.2m66.6m166.8m189.0m74.6m171.1m164.2m55.9m162.3m135.4m70.3m214.3m260.2m
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USDY, 2019

EV/CFO

21 x

Financial Leverage

4.7 x
Show all financial metrics

Churchill Downs Online and Social Media Presence

Churchill Downs's Trends

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Churchill Downs News and Updates

October 30, 2019

Churchill Downs Incorporated Reports 2019 Third Quarter Results

LOUISVILLE, Ky., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) ("CDI" or "the Company") today reported business results for the third quarter ended September 30, 2019.
October 09, 2019

Churchill Downs Incorporated Completes Acquisition of Turfway Park

LOUISVILLE, Ky., Oct. 09, 2019 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that, through its wholly-owned subsidiary NKYRG, LLC, it has completed its previously announced purchase of all of the outstanding equity of Turfway Park in Flore…
October 03, 2019

Churchill Downs Incorporated Announces Agreement to Acquire Turfway Park

Existing Grandstand Will Be Demolished to Make Way for a New State-of-the-Art Facility Existing Grandstand Will Be Demolished to Make Way for a New State-of-the-Art Facility
September 09, 2019

Churchill Downs Incorporated Enters Agreements to Offer Sports Betting in Indiana and Colorado Through a Partnership with Full House Resorts

LOUISVILLE, Ky., Sept. 09, 2019 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN) announced today a definitive agreement with Full House Resorts (Nasdaq: FLL) to operate a retail BetAmerica Sportsbook at the Rising Star Casino Resort (“Rising Star”) in Southern Indiana and to…
September 05, 2019

Churchill Downs Applies to Bring New Latonia Racing & Gaming, a $200 Million Thoroughbred Racing Facility, to Northern Kentucky

Proposed 2020 Thoroughbred Meet to be Hosted at Churchill Downs Racetrack, with Future Meets Held at Newly Constructed Facility Proposed 2020 Thoroughbred Meet to be Hosted at Churchill Downs Racetrack, with Future Meets Held at Newly Constructed Facility
August 02, 2019

Churchill Downs to Expand Rivers Casino Des Plaines, Add Sportsbook

The new owners of Rivers Casino Des Plaines are planning major expansion at the property, The Chicago-Sun Times reported Thursday. News about the project at Illinois’ highest grossing casino arrive amid preparations for the largest expansion the state has seen since gambling became legal. Earlier th…
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Churchill Downs Blogs

November 27, 2019

Churchill Downs Hires Equine Medical Director

Churchill Downs Hires Equine Medical Director Content Import Wed, 11/27/2019 - 15:50 Churchill Downs Hires Equine Medical Director Nov 27, 2019 This release is a backfill from a News Wire General Dr. William Farmer to Oversee Safety at…
November 12, 2019

Churchill Downs Incorporated Launches Retail Sportsbook in Indiana

Churchill Downs Incorporated Launches Retail Sportsbook in Indiana Content Import Tue, 11/12/2019 - 11:22 Churchill Downs Incorporated Launches Retail Sportsbook in Indiana Nov 12, 2019 This release is a backfill from a News Wire General …
October 30, 2019

Churchill Downs to Invest $300 Million in New Stadium Seating, a Hotel and HRM Facility

Churchill Downs to Invest $300 Million in New Stadium Seating, a Hotel and HRM Facility Content Import Wed, 10/30/2019 - 16:56 Churchill Downs to Invest $300 Million in New Stadium Seating, a Hotel and HRM Facility Oct 30, 2019 This release is a backfill from a…
October 30, 2019

Churchill Downs Investing $11 Million to Create a Premium Upscale Experience for the 146th Kentucky Derby

Churchill Downs Investing $11 Million to Create a Premium Upscale Experience for the 146th Kentucky Derby jo-en.bautista… Wed, 10/30/2019 - 16:40 Churchill Downs Investing $11 Million to Create a Premium Upscale Experience for the 146th Kentucky Derby Oct 30, 2019 …
October 30, 2019

Miami Valley Gaming Announces $100 Million Expansion To Build a Hotel, Parking Garage and Expanded Gaming Floor

Miami Valley Gaming Announces $100 Million Expansion To Build a Hotel, Parking Garage and Expanded Gaming Floor Content Import Wed, 10/30/2019 - 16:31 Miami Valley Gaming Announces $100 Million Expansion To Build a Hotel, Parking Garage and Expanded Gaming Floor Oct 30, 2019…
October 10, 2019

Churchill Downs Incorporated 2019 Third Quarter Financial Results Conference Call Invitation

Churchill Downs Incorporated 2019 Third Quarter Financial Results Conference Call Invitation Content Import Thu, 10/10/2019 - 12:00 Churchill Downs Incorporated 2019 Third Quarter Financial Results Conference Call Invitation Oct 10, 2019 This release is a backf…
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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 Charles W. Bidwill, J. David Grissom and James F. McDonald.

  • How many employees does Churchill Downs have?

    Churchill Downs has 4,100 employees.

  • What is Churchill Downs revenue?

    Latest Churchill Downs annual revenue is $1 b.

  • What is Churchill Downs revenue per employee?

    Latest Churchill Downs revenue per employee is $246.1 k.

  • Who are Churchill Downs competitors?

    Competitors of Churchill Downs include Parx Casino, Cherry and bet365.

  • Where is Churchill Downs headquarters?

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

  • Where are Churchill Downs offices?

    Churchill Downs has offices in Louisville and Seattle.

  • How many offices does Churchill Downs have?

    Churchill Downs has 2 offices.