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Churchill Downs Inc. (CHDN)

Nasdaq Consumer Discretionary Casinos & Gaming S&P MidCap 400
$97.94
-0.24 (-0.24%)
Close of Nov 06, 2026 · end-of-day data
Source: Churchill Downs Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$822.40M$882.60M$1.01B$1.33B$1.05B$1.60B$1.81B$2.46B$2.73B$2.93B
Research & development$39.00M—————————
Selling, general & admin$79.40M$83.50M$90.60M$122.00M$114.80M$138.50M$164.20M$202.30M$237.70M$246.20M
Operating income$172.50M$145.70M$188.80M$215.70M$60.20M$284.40M$321.80M$564.00M$709.00M$683.80M
Interest expense$43.70M$49.30M$40.10M$70.90M$80.00M$84.70M$147.30M$268.40M$289.80M$297.70M
Pre-tax income$147.40M$102.50M$233.90M$196.40M$8.00M$343.60M$608.80M$561.80M$573.20M$532.40M
Income tax$50.70M-$19.90M$51.30M$56.80M-$5.30M$94.50M$169.40M$144.50M$144.10M$146.90M
Net income$108.10M$140.50M$352.80M$137.50M-$81.90M$249.10M$439.40M$417.30M$426.80M$383.00M
EBITDA$281.10M$242.80M$252.40M$312.10M$153.10M$387.60M$435.50M$733.00M$908.10M$916.90M
EPS (basic)$2.17$2.97$8.54$3.43$-2.07$3.22$5.79$5.55——
EPS (diluted)$2.14$2.92$8.48$3.38$-2.08$3.18$5.71$5.49——
Diluted shares50.50M48.00M41.60M40.60M40.10M78.40M77.00M76.10M74.60M71.80M
Operating margin21.0%16.5%18.7%16.2%5.7%17.8%17.8%22.9%25.9%23.4%
Net margin13.1%15.9%35.0%10.3%-7.8%15.6%24.3%17.0%15.6%13.1%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$83.00M$51.70M$133.30M$96.20M$67.40M$291.30M$129.80M$144.50M$175.50M$201.00M
Receivables$56.60M$49.60M$28.80M$37.30M$36.50M$42.30M$81.50M$106.90M$98.70M$93.00M
Inventory———————$17.20M$11.60M$12.00M
Total current assets$246.00M$256.10M$241.50M$221.20M$235.10M$501.50M$344.50M$400.80M$412.30M$443.00M
Goodwill$301.50M$317.60M$338.00M$367.10M$366.80M$366.80M$723.80M$899.90M$900.20M$900.00M
Total assets$2.25B$2.36B$1.73B$2.55B$2.98B$2.98B$6.21B$6.96B$7.28B$7.49B
Total current liabilities$468.10M$453.20M$256.60M$301.20M$424.20M$395.00M$621.60M$755.80M$729.30M$733.00M
Short-term debt$14.20M$4.00M$4.00M$4.00M$4.00M$7.00M$47.00M$68.00M$63.10M$63.00M
Long-term debt$907.50M$1.13B$880.30M$1.47B$1.62B$1.96B$4.56B$4.77B$4.84B$5.07B
Total debt$921.70M$1.13B$884.30M$1.47B$1.62B$1.97B$4.61B$4.84B$4.91B$5.13B
Total liabilities$1.57B$1.72B$1.25B$2.04B$2.32B$2.67B$5.66B$6.06B$6.17B$6.43B
Shareholders' equity$685.00M$640.30M$473.30M$508.30M$367.10M$306.80M$551.50M$893.60M$1.08B$1.01B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$231.40M$215.10M$197.80M$289.60M$141.90M$459.50M$510.80M$605.30M$771.70M$769.80M
Capital expenditures$30.90M$33.30M$29.60M$82.90M$211.20M$39.50M$50.20M$77.70M$83.60M$70.20M
Free cash flow$200.50M$181.80M$168.20M$206.70M-$69.30M$420.00M$460.60M$527.60M$688.10M$699.60M
Investing cash flow-$50.70M-$153.60M$824.10M-$781.20M-$239.40M-$100.40M-$3.10B-$718.00M-$545.20M-$471.50M
Financing cash flow-$201.90M-$59.50M-$933.30M$460.80M$76.00M-$500.00K$2.42B$129.30M-$196.60M-$262.50M
Dividends paid$19.10M$21.50M$23.70M$22.20M$23.40M$24.80M$26.00M$27.10M$29.20M$30.80M
Share buybacks$39.00M$180.90M$531.40M$95.00M$28.40M$297.50M$174.90M$55.90M$186.00M$427.80M
Stock-based compensation$18.90M$27.10M$21.10M$23.80M$23.70M$27.80M$31.80M$32.90M$36.10M$30.20M
Depreciation & amortization$108.60M$97.10M$63.60M$96.40M$92.90M$103.20M$113.70M$169.00M$199.10M$233.10M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.