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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 Ratings3.6More
View Jobs (182)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)5,500(+35%)
Job Openings182
Revenue (FY, 2019)$1.3 B(+32%)
Share Price (Jun 2021)$201(+2%)
Cybersecurity ratingBMore

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 (11-Jun-2021)

7.7b

Closing stock price (11-Jun-2021)

201.0

Cash (31-Dec-2020)

67.4m
Churchill Downs's current market capitalization is $7.7 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

86/100

Learn more about our premium products
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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 02, 2021

Churchill Downs bans Bob Baffert after 2nd positive drug test for Derby winner Medina Spirit

Churchill Downs Racetrack suspended horse trainer Bob Baffert for two years after Kentucky Derby winner Medina Spirit failed a second drug test.
May 28, 2021

Churchill Downs Incorporated Signs HRM Agreement with Aristocrat Gaming™

Aristocrat’s Player-Favorite Games to Debut at CDI HRM Facilities Aristocrat’s Player-Favorite Games to Debut at CDI HRM Facilities
May 26, 2021

Illinois Thoroughbred Horsemen’s Association Urges Illinois Attorney General to Launch Antitrust Probe of Churchill Downs Inc.

ITHA Requests Investigation of Whether Churchill, in Moving to Stifle Gaming Activities at Arlington Park, Acted Unlawfully to Reduce Competition Facing Rivers Casino ITHA Requests Investigation of Whether Churchill, in Moving to Stifle Gaming Activities at Arlington Park, Acted Unlawfully to Reduce…
May 09, 2021

Kentucky Derby winner invalidated if failed drug test upheld, Churchill Downs says

Medina Spirit's trainer Bob Baffert will be immediately suspended from entering any horses in races at Churchill Downs track, Churchill Downs said.
May 06, 2021

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture

LOUISVILLE, Ky., May 06, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Katherine Armstrong has been hired as Vice President of Culture (Diversity, Equity and Inclusion) for the Company. The new role will report directly to Bill Carst…
March 16, 2021

Churchill Downs Incorporated Announces Kentucky Derby Partnership with Kendall-Jackson and La Crema

Multi-year Deal Names Kendall-Jackson and La Crema the Preferred Wines of the Kentucky Derby Multi-year Deal Names Kendall-Jackson and La Crema the Preferred Wines of the Kentucky Derby
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Churchill Downs Blogs

April 26, 2021

Churchill Downs Incorporated Launches Online Sports Betting with TwinSpires Mobile App in Indiana, Pennsylvania and Colorado

Churchill Downs Incorporated Launches Online Sports Betting with TwinSpires Mobile App in Indiana, Pennsylvania and Colorado Content Import Mon, 04/26/2021 - 16:05 Churchill Downs Incorporated Launches Online Sports Betting with TwinSpires Mobile App in Indiana, Pennsylvania and Colorado …
April 21, 2021

Churchill Downs Incorporated Reports 2021 First Quarter Results

LOUISVILLE, Ky., April 21, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights Net revenue of $324.3 million, up 28% over the prior year
April 12, 2021

Churchill Downs Incorporated 2021 First Quarter Financial Results Conference Call Invitation

LOUISVILLE, Ky., April 12, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release first quarter 2021 financial results after the market closes on Wednesday, April 21, 2021, and host a related conference call to discuss the
March 23, 2021

Churchill Downs Incorporated to Introduce Konami Gaming, Inc.’s Historical Racing Machines to Kentucky Market

Konami Top-Performing Content to Debut at CDI HRM Facilities in Second Quarter 2021 LOUISVILLE, Ky., March 23, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) today announced an agreement to purchase a line-up of the latest historical racing machines
March 18, 2021

Churchill Downs Incorporated Launches TwinSpires Sports Mobile App in Tennessee

LOUISVILLE, Ky., March 18, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today the launch of its TwinSpires Sports mobile app and desktop product in Tennessee. In addition to horse racing wagering, the TwinSpires brand will now offer Tennessee
March 10, 2021

Churchill Downs Incorporated Announces Pricing of $300 Million Senior Secured Term Loan B due 2028 and $200 million Senior Notes due 2028

LOUISVILLE, Ky., March 10, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that it successfully priced its previously announced offering of $200 million in aggregate principal amount of its 4.75% senior notes due 2028 (the "Additional
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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 Inotera, Singapore Pools and Penn National Gaming.

  • 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.