← Churchill Downs Inc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $108.1m |
$140.5m
+29.97%
|
$352.8m
+151.10%
|
$137.5m
-61.03%
|
($81.9m)
-159.56%
|
$249.1m
+404.15%
|
$439.4m
+76.40%
|
$417.3m
-5.03%
|
$426.8m
+2.28%
|
$383.0m
-10.26%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $107.1m |
$140.4m
+31.09%
|
$352.8m
+151.28%
|
$137.5m
-61.03%
|
($81.9m)
-159.56%
|
$249.1m
+404.15%
|
$439.4m
+76.40%
|
$417.3m
-5.03%
|
$423.8m
+1.56%
|
$379.7m
-10.41%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $137.2m | ($82.1m) | $249.1m | $439.4m | $417.3m | $429.1m | $385.5m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($300k) | ($200k) | $0 | $0 | — | $2.3m | $2.5m | — | |
| Depreciation and amortization | $108.6m | $97.1m | $63.6m | $96.4m | $92.9m | $103.2m | $113.7m | $169.0m | $199.1m | $233.1m | $237.5m | |
| Amortization of Intangible Assets | $52.9m | $6.8m | $6.0m | $15.0m | $4.9m | $4.8m | $4.7m | $7.2m | $11.1m | $10.3m | — | |
| Depreciation | $55.7m | $49.1m | $57.6m | $81.4m | $88.0m | $98.4m | $109.0m | $161.8m | $188.0m | $222.8m | $237.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $119.0m | $175.2m | $204.7m | $239.5m | $237.5m | |
| Deferred Income Tax Expense (Benefit) | $35.4m | ($52.4m) | $37.4m | $31.6m | $30.3m | $9.8m | $108.7m | $47.4m | $44.5m | $86.8m | $124.8m | |
| Deferred Tax | — | — | — | — | — | — | $108.7m | $47.4m | $44.5m | $86.8m | $124.8m | |
| Share-based Payment Arrangement, Noncash Expense | $18.9m | $27.1m | $21.1m | $23.8m | $23.7m | $27.8m | $31.8m | $32.9m | $36.1m | $30.2m | $32.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $11.5m | $18.7m | $12.9m | $28.4m | $25.5m | $30.1m | $17.0m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $32.9m | $36.1m | $30.2m | $32.2m | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | $85.5m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $17.5m | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | — | — | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $38.3m | $24.6m | $3.9m | $87.5m | $85.5m | |
| Income (Loss) from Equity Method Investments | $17.4m | $25.5m | $29.6m | $50.6m | $27.7m | $143.2m | $152.7m | $146.3m | $144.9m | $139.4m | — | |
| Nonoperating Income (Expense) | ($26.1m) | ($43.2m) | $45.1m | ($19.3m) | ($52.2m) | $59.2m | $287.0m | ($2.2m) | ($135.8m) | ($151.4m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $9.1m | $6.9m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($152.7m) | ($146.3m) | ($144.9m) | ($139.4m) | ($146.4m) | |
| Change In Working Capital | — | — | — | — | — | — | $36.6m | $7.7m | $49.9m | ($5.1m) | ($49.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $226.8m |
$218.2m
-3.79%
|
$197.8m
-9.35%
|
$289.6m
+46.41%
|
$141.9m
-51.00%
|
$459.5m
+223.82%
|
$510.8m
+11.16%
|
$605.3m
+18.50%
|
$771.7m
+27.49%
|
$769.8m
-0.25%
|
$794.8m
+3.25%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $30.9m | $33.3m | $29.6m | — | — | — | ($456.8m) | ($676.5m) | ($547.0m) | ($460.2m) | ($412.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $23.7m | $0 | $0 | — | — | — | — | — | — | — | ($146.4m) | |
| Capital Expenditure Reported | $30.9m | $33.3m | $29.6m | — | — | — | ($423.5m) | ($676.5m) | ($547.0m) | ($274.9m) | ($412.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $24.2m | ($13.1m) | $206.6m | $0 | $0 | $2.9b | $241.3m | $0 | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | $2.1m | $10.3m | $1.2m | $5.2m | $8.6m | $7.4m | ($4.1m) | ($1.8m) | $11.3m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($7.4m) | $199.8m | $1.8m | ($11.3m) | ($12.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($50.7m) | ($153.6m) | $824.1m | ($781.2m) | ($239.4m) | ($100.4m) | ($3.1b) | ($718.0m) | ($545.2m) | ($471.5m) | ($424.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $588.4m | $1.8b | $381.0m | $640.3m | $580.4m | $430.9m | $205.4m | $1.5b | $900.8m | $881.7m | ($1.3b) | |
| Gain (Loss) on Extinguishment of Debt | — | ($20.7m) | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $0 | $2.1b | $135.0m | $1.2b | $726.1m | $780.8m | $2.9b | $1.8b | $965.5m | $1.1b | $1.1b | |
| Issuance Of Debt | — | — | — | — | — | — | $2.9b | $1.8b | $965.5m | $1.1b | $1.1b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $2.9b | $1.8b | $965.5m | $1.1b | $1.1b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($205.4m) | ($1.5b) | ($900.8m) | ($881.7m) | ($1.3b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $2.7b | $237.1m | $53.8m | $214.1m | ($227.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $2.7b | $235.1m | $64.7m | $216.4m | ($238.6m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $13.3m | $2.0m | ($10.9m) | ($2.3m) | $10.7m | |
| Repayment Of Debt | — | — | — | — | — | — | ($205.4m) | ($1.5b) | ($900.8m) | ($881.7m) | ($1.3b) | |
| Payments for Repurchase of Common Stock | $39.0m | $190.9m | $547.0m | $95.0m | $28.4m | $297.5m | $174.9m | $55.9m | $186.0m | $427.8m | — | |
| Proceeds from Issuance of Common Stock | $2.2m | $2.1m | $1.5m | — | — | — | — | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($174.9m) | ($55.9m) | ($186.0m) | ($427.8m) | ($86.8m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($174.9m) | ($55.9m) | ($186.0m) | ($427.8m) | ($86.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($174.9m) | ($55.9m) | ($186.0m) | ($427.8m) | ($86.8m) | |
| Dividends paid | $19.1m | $21.5m | $23.7m | $22.2m | $23.4m | $24.8m | $26.0m | $27.1m | $29.2m | $30.8m | ($31.8m) | |
| Dividends Payable, Current | $21.8m | $23.7m | $22.5m | $23.5m | $24.9m | $26.1m | $27.0m | $29.3m | $31.0m | $30.7m | — | |
| Dividends Payable | $21.8m | $23.7m | $22.7m | $23.5m | $25.8m | $27.0m | $27.0m | $29.3m | $31.0m | $30.7m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($26.0m) | ($27.1m) | ($29.2m) | ($30.8m) | ($31.8m) | |
| Dividend Received CFO | — | — | — | — | — | — | $156.9m | $155.1m | $138.7m | $116.0m | $125.0m | |
| Proceeds from (Payments for) Other Financing Activities | $5.4m | ($1.5m) | ($4.4m) | $2.4m | $2.1m | $2.2m | $2.3m | ($700k) | ($2.5m) | ($700k) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($53.4m) | ($24.8m) | ($35.2m) | ($18.0m) | ($16.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($201.9m) |
($59.5m)
+70.53%
|
($933.3m)
-1468.57%
|
$460.8m
+149.37%
|
$76.0m
-83.51%
|
($500k)
-100.66%
|
$2.4b
+483300.00%
|
$129.3m
-94.65%
|
($196.6m)
-252.05%
|
($262.5m)
-33.52%
|
($362.5m)
-38.10%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($21.2m) | $2.0m | $88.6m | ($30.8m) | ($21.5m) | $234.6m | ($150.9m) | $17.1m | $30.9m | $35.8m | $293.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $355.6m | $204.7m | $221.8m | $252.7m | $286.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($21.2m) | $2.0m | $88.6m | $142.5m | $121.0m | $355.6m | $204.7m | $221.8m | $252.7m | $288.5m | $293.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($21.2m) | $2.0m | $88.6m | $0 | $0 | $234.6m | ($150.9m) | $17.1m | $30.9m | $35.8m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $31.1m | $61.7m | $79.6m | $77.5m | $133.6m | $283.6m | $306.8m | $294.5m | — | |
| Income Taxes Paid, Net | — | ($10.0m) | ($15.6m) | ($11.5m) | ($18.7m) | ($12.9m) | $68.6m | $99.1m | $108.2m | $63.6m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $274.6m | $114.0m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Business | — | — | — | $0 | $0 | — | — | — | — | — | — | |
| Goodwill | $832.2m | $317.6m | $338.0m | $367.1m | $366.8m | $366.8m | $723.8m | $899.9m | $900.2m | $900.2m | $85.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $122.4m | $182.6m | $139.6m | $13.3m | $249.1m | $439.4m | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $122.4m | $182.6m | $139.9m | $13.5m | $249.1m | $439.4m | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $18.1m | $170.2m | ($2.4m) | ($95.4m) | $0 | $0 | — | — | — | — | |
| Income Tax Expense (Benefit) | $60.0m | ($19.9m) | $51.3m | $56.8m | ($5.3m) | $94.5m | $169.4m | $144.5m | $144.1m | $146.9m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $289.8m | $297.7m | — | |
| Operating Expenses | $1.1b | $736.9m | $820.2m | $1.1b | $993.8m | $1.3b | $1.5b | $1.9b | $2.0b | $2.2b | — | |
| Payments of Financing Costs | $1.4m | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | $200k | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $2.4b | $129.3m | ($196.6m) | ($262.5m) | ($362.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.1b) | ($718.0m) | ($545.2m) | ($471.5m) | ($424.5m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($150.9m) | $17.1m | $30.9m | $35.8m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $36.6m | $7.7m | $49.9m | ($5.1m) | ($49.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($150.9m) | $17.1m | $30.9m | $35.8m | $7.8m | |
| End Cash Position | — | — | — | — | — | — | $204.7m | $221.8m | $252.7m | $288.5m | $293.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $2.4b |
$129.3m
-94.65%
|
($196.6m)
-252.05%
|
($262.5m)
-33.52%
|
($362.5m)
-38.10%
|
|
| Free Cash Flow | — | — | — | — | — | — | $80.0m | ($70.7m) | $225.7m | $309.6m | $382.6m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $0 | ($274.6m) | — | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.1b) | ($718.0m) | ($545.2m) | ($471.5m) | ($424.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($2.9b) | ($241.3m) | $0 | $0 | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($33.3m) | $0 | $0 | ($185.3m) | ($185.3m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $279.0m | $195.7m | $0 | — | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | $0 | $279.0m | $195.7m | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($427.3m) | ($260.3m) | ($144.9m) | ($139.4m) | ($146.4m) | |
| Other Non Cash Items | — | — | — | — | — | — | $7.4m | $5.4m | $9.7m | ($31.2m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Business | — | — | — | — | — | — | ($2.9b) | ($241.3m) | $0 | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($33.3m) | $0 | $0 | ($185.3m) | ($185.3m) | |
| Sale Of Business | — | — | — | — | — | $0 | $279.0m | — | — | — | $279.0m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $279.0m | $195.7m | $0 | — | $0 | |
| Sale Of PPE | — | — | — | — | — | $0 | $279.0m | $195.7m | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $31.8m | $32.9m | $36.1m | $30.2m | $32.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.