Churchill Downs

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).

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)
600 N Hurstbourne Pkwy Ste 400

Churchill Downs Data and Metrics

Churchill Downs Financial Metrics

Churchill Downs's revenue was reported to be $279.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

279.5 m

Net income (Q1, 2017)

7.3 m

EBIT (Q1, 2017)

17.5 m

Market capitalization (25-Jul-2017)

3.1 b

Cash (31-Mar-2017)

54.9 m
Churchill Downs's current market capitalization is $3.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

779.3 m812.9 m1.2 b1.3 b

Revenue growth, %

4%49%8%

R&D expense

39 m

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

303.7 m173.7 m250.9 m409.2 m279.8 m288.4 m438.5 m303.4 m279.5 m

R&D expense

10.2 m9.8 m10 m10.8 m9.7 m8.8 m10.3 m

General and administrative expense

18.7 m20.5 m21.6 m22 m24.6 m

Operating expense total

18.7 m20.5 m31.8 m31.9 m34.6 m10.8 m9.7 m8.8 m10.3 m

EBIT

94.2 m8.4 m(4.1 m)105.9 m9.5 m6.3 m117.4 m26.8 m17.5 m

EBIT margin, %

31%5%(2%)26%3%2%27%9%6%

Interest expense

(5 m)(5.2 m)(7.5 m)(7.1 m)(6.7 m)(10.6 m)(11.1 m)(11.1 m)(11.8 m)

Interest income

5 k6 k218 k6 k8 k

Pre tax profit

111.5 m20.4 m

Income tax expense

(34.8 m)(846 k)1.3 m(46.7 m)(750 k)3.8 m(41.7 m)(11.7 m)(4.5 m)

Net Income

(1.6 m)55 m4.2 m2.8 m69.8 m8.7 m7.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

44.7 m67.9 m74.5 m48.7 m

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

Total Liabilities

1.6 b

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

46.7 m42 m49.5 m59.2 m51.1 m51.1 m55.1 m56.9 m54.9 m

Current Assets

153.9 m126.3 m202.7 m215.1 m209.1 m198 m209.6 m201.2 m213.3 m

PP&E

595.9 m591.7 m590.2 m589.6 m571.5 m573.2 m577.9 m573.3 m590.7 m

Goodwill

300.6 m300.6 m840.9 m840.9 m841.4 m841.7 m841.7 m841.7 m832.2 m

Total Assets

1.4 b1.3 b2.3 b2.3 b2.3 b2.2 b2.2 b2.2 b2.3 b

Accounts Payable

70.6 m49 m52 m66.3 m52.2 m57.5 m74.4 m53.9 m56.1 m

Current Liabilities

220.6 m167.3 m341.6 m634.8 m613.6 m420.4 m431.6 m391 m421.9 m

Retained Earnings

465.5 m469 m436.3 m491.3 m495.5 m486.6 m556.4 m565.1 m577 m

Total Equity

709.1 m715 m698.7 m756.4 m766.2 m619.4 m679.8 m695.4 m688.9 m

Financial Leverage

1.9 x1.9 x3.3 x3 x3 x3.6 x3.3 x3.2 x3.3 x
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)

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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(1.6 m)55 m4.2 m2.8 m69.8 m8.7 m7.3 m

Accounts Payable

70.6 m49 m52 m66.3 m52.2 m57.5 m74.4 m53.9 m56.1 m
USDY, 2017

Revenue/Employee

69.9 k

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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