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Churchill Downs Incorporated

Consumer Cyclical US CHDN

133.33USD
3.78(2.92%)

Last update at 2024-12-19T18:55:00Z

Day Range

130.76134.09
LowHigh

52 Week Range

106.10142.43
LowHigh

Fundamentals

  • Previous Close 129.55
  • Market Cap9799.93M
  • Volume219085
  • P/E Ratio29.42
  • Dividend Yield0.29%
  • EBITDA768.90M
  • Revenue TTM2493.10M
  • Revenue Per Share TTM33.29
  • Gross Profit TTM 566.40M
  • Diluted EPS TTM4.52

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 608.80M 343.60M 8.00M 196.40M 233.90M
Minority interest 0.00000M 0.00000M -0.20000M -0.30000M 2.70M
Net income 439.40M 249.10M 13.30M 137.50M 352.80M
Selling general administrative 164.20M 138.50M 114.80M 122.00M 90.50M
Selling and marketing expenses - - - - -
Gross profit 566.40M 446.10M 193.50M 343.00M 289.60M
Reconciled depreciation 119.00M 108.50M 97.90M 101.00M 64.00M
Ebit 561.90M 451.50M 106.50M 215.70M 229.40M
Ebitda 680.90M 560.00M 204.40M 373.60M 293.40M
Depreciation and amortization 119.00M 108.50M 97.90M 157.90M 64.00M
Non operating income net other 434.30M 143.90M 27.80M 51.60M 85.20M
Operating income 561.90M 451.50M 106.50M 215.70M 188.80M
Other operating expenses 1407.60M 1289.60M 975.30M 1108.70M 809.90M
Interest expense 147.30M 84.70M 80.00M 70.90M 40.10M
Tax provision 169.40M 94.50M -5.30000M 56.80M 51.30M
Interest income - - - 20.30M 10.50M
Net interest income -147.30000M -84.70000M -80.00000M -70.90000M -40.10000M
Extraordinary items - - - -10.70000M 170.20M
Non recurring 38.30M 15.30M 17.50M - -
Other items - - - - -
Income tax expense 169.40M 94.50M -5.30000M 56.80M 51.30M
Total revenue 1809.80M 1597.20M 1054.00M 1329.70M 1009.00M
Total operating expenses 164.20M 138.50M 114.80M 122.00M 90.50M
Cost of revenue 1243.40M 1151.10M 860.50M 986.70M 719.40M
Total other income expense net 46.90M -107.90000M -98.50000M -19.30000M 74.90M
Discontinued operations - - -95.40000M -2.40000M 170.20M
Net income from continuing ops 439.40M 249.10M 13.30M 139.60M 182.40M
Net income applicable to common shares 439.40M 249.10M -81.90000M 137.50M 352.80M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 6955.50M 6206.80M 2981.60M 2686.40M 2551.00M
Intangible assets 2418.40M 2391.80M 348.10M 350.60M 369.80M
Earning assets - - - - -
Other current assets 59.50M 44.30M 37.60M 28.20M 26.90M
Total liab 6061.90M 5655.30M 2674.80M 2319.30M 2040.00M
Total stockholder equity 893.60M 551.50M 306.80M 367.10M 508.30M
Deferred long term liab - 340.80M 252.90M 213.90M 212.80M
Other current liab 456.10M 390.10M 258.70M 316.70M 196.90M
Common stock - - - 18.20M -
Capital stock 0.00000M 0.00000M 0.00000M 18.20M 0.00000M
Retained earnings 894.50M 552.40M 307.70M 349.80M 509.20M
Other liab - 433.80M 286.50M 276.80M 247.70M
Good will 899.90M 723.80M 366.80M 366.80M 367.10M
Other assets - 109.00M 106.70M 653.00M 21.10M
Cash 144.50M 129.80M 291.30M 67.40M 96.20M
Cash and equivalents - - - - -
Total current liabilities 755.80M 621.60M 395.00M 424.20M 301.20M
Current deferred revenue 73.20M 39.00M 47.70M 32.80M 42.50M
Net debt 4691.80M 4475.90M 1676.70M 1554.90M 1377.70M
Short term debt 68.00M 47.00M 7.00M 4.00M 4.00M
Short long term debt 68.00M 47.00M 7.00M 4.00M 4.00M
Short long term debt total 4836.30M 4605.70M 1968.00M 1622.30M 1473.90M
Other stockholder equity - -0.90000M -0.90000M -0.90000M 2.80M
Property plant equipment - 1978.30M 994.90M 1082.10M 912.50M
Total current assets 400.80M 344.50M 501.50M 235.10M 221.20M
Long term investments 655.90M 659.40M 663.60M 630.60M 634.50M
Net tangible assets - -2564.10000M -408.10000M -350.30000M -228.60000M
Short term investments - - - 630.00M -
Net receivables 119.50M 95.50M 108.30M 85.90M 51.80M
Long term debt 4768.30M 2477.10M 1292.40M 1087.80M 1085.90M
Inventory 77.30M 74.90M 64.30M 53.60M 46.30M
Accounts payable 158.50M 145.50M 81.60M 70.70M 57.80M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - 2.70M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.90000M -0.90000M -0.90000M -0.90000M -0.90000M
Additional paid in capital - - - - -
Common stock total equity - - - 18.20M -
Preferred stock total equity - - - - -
Retained earnings total equity - 552.40M 307.70M 349.80M 509.20M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -75.60000M 109.00M 106.70M 21.20M 21.10M
Deferred long term asset charges - - - - -
Non current assets total 6554.70M 5862.30M 2480.10M 2451.30M 2329.80M
Capital lease obligations - - - - -
Long term debt total - 2477.10M 1292.40M 1087.80M 1085.90M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3103.70000M -100.40000M -239.40000M -410.10000M 824.10M
Change to liabilities 15.50M 23.60M 81.40M -6.80000M 3.50M
Total cashflows from investing activities -3103.70000M -100.40000M -239.40000M -781.20000M 824.10M
Net borrowings 2643.00M 332.50M 144.40M 587.10M -301.50000M
Total cash from financing activities 2416.00M -0.50000M 76.00M 460.80M -933.30000M
Change to operating activities 21.10M 53.90M 118.90M 12.60M 5.70M
Net income 439.40M 249.10M -82.10000M 137.20M 352.80M
Change in cash -150.90000M 234.60M -21.50000M -30.80000M 87.80M
Begin period cash flow 355.60M 121.00M 142.50M 173.30M 85.50M
End period cash flow 204.70M 355.60M 121.00M 142.50M 173.30M
Total cash from operating activities 536.80M 335.50M 141.90M 289.60M 197.80M
Issuance of capital stock - - - - 1.50M
Depreciation 119.00M 108.50M 97.90M 101.00M 64.00M
Other cashflows from investing activities -2680.20000M -8.60000M -5.20000M -239.90000M 973.50M
Dividends paid -26.00000M -24.80000M -23.40000M -22.20000M 23.70M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -174.90000M -297.50000M -28.40000M -95.00000M -547.00000M
Other cashflows from financing activities 2822.30M -17.60000M -18.60000M -18.00000M 71.60M
Change to netincome -58.20000M -99.60000M 49.80M 45.60M -168.90000M
Capital expenditures 456.80M 91.80M 234.20M 163.30M 149.40M
Change receivables - - - - -
Cash flows other operating 465.80M 308.30M -0.10000M 17.20M -53.20000M
Exchange rate changes - - - - -0.80000M
Cash and cash equivalents changes -176.90000M 358.60M -21.50000M -30.80000M 87.80M
Change in working capital 36.60M 77.50M 76.30M 5.80M 9.20M
Stock based compensation 31.80M 27.80M 23.70M 23.80M 21.10M
Other non cash items -198.70000M -137.20000M 25.00M -9.70000M -285.80000M
Free cash flow 80.00M 243.70M -92.30000M 126.30M 48.40M

Peer Comparison

Sector: Consumer Cyclical Industry: Gambling

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CHDN
Churchill Downs Incorporated
3.78 2.92% 133.33 29.42 - 3.61 9.96 5.52 13.52
ARLUF
Aristocrat Leisure Limited
- -% 45.19 35.37 28.82 4.42 7.20 6.67 17.72
EVVTY
Evolution Gaming Group AB ADR
0.51 0.62% 82.72 23.47 19.38 14.62 6.10 13.73 19.59
EVGGF
Evolution AB (publ)
- -% 83.72 22.62 19.01 14.29 5.99 13.73 19.73
DKNG
DraftKings Inc
0.41 1.07% 39.16 - - 5.74 25.03 5.76 -35.9838

Reports Covered

Stock Research & News

Profile

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

Churchill Downs Incorporated

600 North Hurstbourne Parkway, Louisville, KY, United States, 40222

Key Executives

Name Title Year Born
Mr. William C. Carstanjen CEO & Director 1968
Mr. William E. Mudd Pres & COO 1971
Ms. Marcia Ann Dall CPA Exec. VP & CFO 1964
Mr. Chad E. Dobson Chief Accounting Officer & VP NA
Mr. Nate Simon Sr. VP & CTO NA
Mr. Nick Zangari VP of Treasury, Investor Relations & Risk Management NA
Mr. Bradley K. Blackwell Sr. VP, Gen. Counsel & Sec. NA
Mr. Jason Sauer Sr. VP of Corp. Devel. NA
Ms. Katherine Armstrong Sr. VP of HR NA
Mr. Michael W. Anderson Sr. VP & Pres of Churchill Downs Racetrack 1971

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