$7.7 B

CHDN Mkt cap, 11-Jun-2021
Churchill Downs Net income (FY, 2020)-82.1 M
Churchill Downs EBIT (FY, 2020)60.2 M
Churchill Downs Cash, 31-Dec-202067.4 M

Churchill Downs Income Statement

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%

R&D expense

10.2m9.8m10.0m10.8m9.7m8.8m10.3m9.9m9.7m

General and administrative expense

18.3m16.1m16.2m20.1m18.2m17.6m22.1m21.2m21.5m18.7m20.5m21.6m22.0m24.6m23.1m24.6m27.6m24.1m26.7m26.8m18.4m23.1m21.7m24.9m30.1m24.1m

Operating expense total

18.3m16.1m16.2m20.1m18.2m17.6m22.1m21.2m21.5m18.7m20.5m31.8m31.9m34.6m33.9m34.3m36.4m34.4m36.6m36.5m18.4m23.1m21.7m24.9m30.1m24.1m

Depreciation and amortization

15.3m16.7m21.5m

EBIT

67.5m10.1m3.7m82.2m7.8m3.0m82.1m10.2m1.6m94.2m8.4m(4.1m)105.9m9.5m6.3m117.4m26.8m17.5m129.5m33.0m19.7m136.6m20.5m11.9m156.4m(11.6m)

EBIT margin, %

27%6%3%30%5%2%29%9%4%33%(5%)

Interest expense

3.5m1.6m1.2m982.0k873.0k1.5m1.3m10.6m11.1m11.1m11.8m11.6m12.6m4.6m9.7m9.9m13.7m19.4m19.3m

Interest income

56.0k116.0k18.0k35.0k31.0k10.0k89.0k6.0k4.0k5.0k6.0k218.0k6.0k8.0k400.0k

Investment income

460.0k(467.0k)(220.0k)(564.0k)(471.0k)(164.0k)(631.0k)(887.0k)2.3m2.5m1.1m2.9m2.9m2.4m3.8m4.8m4.9m6.1m7.7m8.9m6.5m8.8m9.1m9.5m(3.3m)

Pre tax profit

67.7m28.1m2.3m80.7m7.1m1.4m81.3m12.3m(1.1m)92.1m4.4m(2.8m)101.7m5.0m(1.0m)111.5m20.4m11.8m125.8m28.3m16.7m136.0m74.7m18.4m146.9m(34.2m)

Income tax expense

27.7m8.4m974.0k32.1m1.1m311.0k31.0m3.2m(438.0k)34.8m846.0k(1.3m)46.7m750.0k(3.8m)41.7m11.7m4.5m47.5m11.6m2.6m32.8m16.7m6.5m38.6m(11.6m)

Net Income

40.1m19.8m1.4m48.6m6.0m1.1m50.3m9.2m(700.0k)57.3m3.5m(1.6m)55.0m4.2m2.8m69.8m8.7m7.3m78.3m16.7m182.0m103.1m56.3m11.6m107.1m(23.5m)

Churchill Downs Balance Sheet

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

Goodwill

213.8m213.7m216.9m217.7m217.7m250.4m250.4m298.2m300.6m300.6m300.6m840.9m840.9m841.4m841.7m841.7m841.7m832.2m847.2m848.3m317.6m317.6m337.8m363.8m363.8m363.8m367.1m366.8m366.8m

Total Assets

998.5m956.9m937.2m959.4m939.2m1.1b1.1b1.3b1.4b1.4b1.3b2.3b2.3b2.3b2.2b2.2b2.2b2.3b2.3b2.3b1.6b1.7b1.7b2.5b2.6b2.6b3.2b

Accounts Payable

56.3m42.5m53.4m68.9m59.0m63.5m81.5m71.7m51.7m70.6m49.0m52.0m66.3m52.2m57.5m74.4m53.9m56.1m87.3m61.6m59.8m79.0m60.1m72.1m107.2m75.8m80.6m105.8m108.2m

Dividends Payable

Short-term debt

187.3m4.9m982.0k5.0m12.5m13.8m15.0m10.6m11.8m13.0m15.3m16.5m17.7m4.0m4.0m4.0m

Current Liabilities

208.9m158.8m171.6m185.9m158.6m378.3m203.0m179.6m214.8m220.6m167.3m341.6m634.8m613.6m420.4m431.6m391.0m421.9m441.2m412.3m289.4m274.1m210.9m297.7m308.8m275.8m344.1m488.2m

Long-term debt

185.0m156.3m107.8m63.0m70.0m153.5m324.8m365.8m368.8m383.4m387.3m300.0m272.1m382.7m319.7m312.7m358.0m459.9m510.7m390.1m389.0m388.2m409.0m385.6m407.3m

Total Debt

185.0m156.3m107.8m89.4m96.7m187.3m153.5m324.8m365.8m368.8m383.4m600.0m600.0m600.0m976.6m913.9m907.2m953.0m1.1b1.1b4.0m4.0m4.0m4.0m385.6m407.3m

Total Liabilities

434.2m371.1m344.4m313.8m284.8m443.0m420.2m563.6m646.5m654.1m617.3m1.6b1.5b1.5b1.6b1.6b1.5b1.6b1.7b1.7b1.3b1.2b1.2b2.0b2.0b2.0b2.8b2.9b2.9b

Common Stock

257.6m259.3m267.6m271.8m274.6m283.5m288.0m294.0m296.5m243.6m246.0m263.0m265.6m271.1m133.4m123.8m113.2m6.0m11.5m2.9m6.1m15.5m

Preferred Stock

Retained Earnings

306.7m326.5m325.2m373.8m379.7m370.6m420.9m430.2m408.1m465.5m469.0m436.3m491.3m495.5m486.6m556.4m565.1m577.0m602.8m627.3m344.5m448.1m504.1m457.8m551.3m551.3m433.9m314.9m357.6m

Total Equity

564.3m585.8m592.8m645.6m654.4m654.1m708.9m724.2m704.6m709.1m715.0m698.7m756.4m766.2m619.4m679.8m695.4m688.9m601.3m626.3m343.6m453.2m514.7m456.9m553.3m550.4m435.6m322.7m372.2m

Debt to Equity Ratio

0.3 x0.3 x0.2 x0.1 x0.1 x0.3 x0.2 x0.4 x0.5 x0.5 x0.5 x0.9 x0.8 x0.8 x1.6 x1.3 x1.3 x1.4 x1.8 x1.8 x0 x0 x0 x0 x0.7 x0.7 x

Debt to Assets Ratio

0.2 x0.2 x0.1 x0.1 x0.1 x0.2 x0.1 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.4 x0.4 x0.4 x0.4 x0.5 x0.5 x0 x0 x0 x0 x0.1 x0.2 x

Financial Leverage

1.8 x1.6 x1.6 x1.5 x1.4 x1.7 x1.6 x1.8 x1.9 x1.9 x1.9 x3.3 x3 x3 x3.6 x3.3 x3.2 x3.3 x3.8 x3.7 x4.7 x3.7 x3.3 x5.4 x4.7 x4.7 x7.4 x

Churchill Downs Cash Flow

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 Receivable

(7.8m)1.8m7.2m(20.2m)(12.5m)4.4m(17.2m)(8.5m)(153.0k)(13.8m)(1.5m)(2.2m)(13.4m)(9.6m)

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

Purchases of PP&E

10.9m16.8m9.1m(16.5m)(25.5m)(13.7m)(23.8m)(29.9m)(20.2m)(38.5m)(48.9m)(9.8m)(22.7m)(30.8m)(34.5m)(44.1m)(10.2m)(17.9m)(26.7m)(7.5m)(13.7m)(19.9m)(13.9m)(26.2m)(37.7m)(48.3m)(13.2m)(18.2m)

Capital Expenditures

(39.3m)(118.1m)(191.9m)

Cash From Investing Activities

(13.9m)(19.3m)(22.8m)(28.0m)(35.9m)(19.8m)(42.5m)(220.9m)(27.9m)(47.2m)(59.4m)(5.1m)(18.0m)(28.4m)(15.0m)(35.6m)(46.2m)(51.4m)(97.3m)(124.6m)936.7m892.4m848.9m(619.1m)(653.9m)(690.6m)(48.3m)(131.8m)(212.8m)

Short-term Borrowings

(237.6m)(339.2m)(98.9m)(247.1m)(349.1m)(125.8m)(407.2m)(526.6m)(96.5m)(211.2m)(303.2m)(146.2m)(346.5m)(565.6m)(87.0m)(298.8m)(427.2m)(192.7m)(394.2m)(567.7m)(343.9m)(361.3m)(374.7m)(632.9m)(637.3m)(32.4m)(33.4m)(34.4m)

Long-term Borrowings

Dividends Paid

(8.2m)(8.2m)(10.1m)(10.1m)(10.1m)(15.2m)(15.2m)(15.2m)(17.4m)(17.4m)(17.4m)(19.1m)(19.1m)(19.1m)(21.8m)(21.8m)(21.8m)(23.7m)(23.5m)(23.5m)(22.2m)(22.2m)(22.2m)(23.4m)(23.4m)(23.4m)

Cash From Financing Activities

(86.7m)(112.4m)(30.7m)(63.6m)(63.5m)(24.8m)(56.0m)113.1m(21.6m)(69.9m)(57.5m)(101.1m)(183.3m)(210.4m)(75.1m)(150.9m)(160.0m)(17.0m)(81.3m)(31.7m)(843.8m)(844.9m)(899.1m)532.9m511.8m490.9m606.8m611.4m612.6m

Net Change in Cash

4.1m(18.0k)1.6m4.5m2.7m2.1m1.7m6.6m2.5m2.0m(2.7m)(16.5m)(7.1m)(15.5m)(23.5m)(19.7m)(17.2m)6.2m(7.5m)7.9m148.8m209.8m85.2m(15.9m)72.2m60.5m556.5m537.1m

Interest Paid

3.5m4.7m764.0k1.2m1.8m1.0m1.9m2.8m381.0k8.7m9.1m3.2m13.6m15.4m1.1m19.6m21.8m2.6m21.4m25.4m4.6m8.5m26.1m18.8m23.6m40.3m39.7m57.3m

Income Taxes Paid

1.3m14.5m297.0k593.0k21.8m26.0k636.0k20.9m48.0k112.0k17.0m130.0k527.0k29.5m2.2m2.2m21.6m300.0k9.0m48.0m200.0k23.7m48.0m500.0k1.3m500.0k700.0k1.4m

Free Cash Flow

4.2m(41.2m)(54.6m)

Churchill Downs Ratios

USDQ2, 2011

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x

Churchill Downs Employee Rating

3.654 votes
Culture & Values
3.4
Work/Life Balance
3.6
Senior Management
3.3
Salary & Benefits
3.5
Career Opportunities
3.2
Source