$CHDN
Churchill Downs Inc Stock $chdn

$chdn Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000002021217000019 Filed on April 26, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$167.5M	$0.00
YoY Change
Cost Of Revenue	$140.4M	$245.5M
YoY Change	-42.81%	13.24%
Gross Profit	$27.10M	$42.90M
YoY Change	-36.83%	25.81%
Gross Profit Margin	16.18%
Selling, General & Admin	$18.60M	$23.10M
YoY Change	-19.48%	7.44%
% of Gross Profit	68.63%	53.85%
Research & Development	$10.30M	$10.80M
YoY Change	-4.63%	5.88%
% of Gross Profit	38.01%	25.17%
Depreciation & Amortization	$28.90M	$30.70M
YoY Change	-5.86%	9.25%
% of Gross Profit	106.64%	71.56%
Operating Expenses	$159.0M	$282.1M
YoY Change	-43.64%	789.91%
Operating Profit	$8.400M	$12.50M
YoY Change	-32.8%	-404.88%
Interest Expense	$11.80M	$10.60M
YoY Change	11.32%	41.33%
% of Operating Profit	140.48%	84.8%
Other Income/Expense, Net	-$5.700M	-$7.300M
YoY Change	-21.92%	-661.54%
Pretax Income	$2.800M	-$1.000M
YoY Change	-380.0%	-64.29%
Income Tax	$600.0K	-$3.800M
% Of Pretax Income	21.43%
Net Earnings	$7.300M	$2.800M
YoY Change	160.71%	-275.0%
Net Earnings / Revenue	4.36%
Basic Earnings Per Share	$0.15	$0.17
Diluted Earnings Per Share	$0.14	$0.16
COMMON SHARES
Basic Shares Outstanding	16.30M shares	16.50M shares
Diluted Shares Outstanding	16.80M shares	17.00M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$54.90M	$51.10M
YoY Change	7.44%	3.23%
Cash & Equivalents	$73.40M	$51.10M
Short-Term Investments
Other Short-Term Assets	$57.70M	$53.40M
YoY Change	8.05%	52.0%
Inventory
Prepaid Expenses
Receivables	$62.30M	$52.20M
Other Receivables	$4.500M	$6.600M
Total Short-Term Assets	$213.3M	$198.0M
YoY Change	7.73%	-2.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$590.7M	$573.2M
YoY Change	3.05%	-2.88%
Goodwill	$832.2M	$841.7M
YoY Change	-1.13%	0.09%
Intangibles	$435.4M	$482.7M
YoY Change	-9.8%	-9.9%
Long-Term Investments	$164.7M	$129.8M
YoY Change	26.89%	19.52%
Other Assets	$11.70M	$12.90M
YoY Change	-9.3%	-46.79%
Total Long-Term Assets	$2.043B	$2.040B
YoY Change	0.12%	-2.83%
TOTAL ASSETS
Total Short-Term Assets	$213.3M	$198.0M
Total Long-Term Assets	$2.043B	$2.040B
Total Assets	$2.256B	$2.238B
YoY Change	0.8%	-2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$56.10M	$57.50M
YoY Change	-2.43%	10.6%
Accrued Expenses	$92.40M	$92.60M
YoY Change	-0.22%	7.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$15.30M	$10.60M
YoY Change	44.34%	-15.2%
Total Short-Term Liabilities	$421.9M	$420.4M
YoY Change	0.36%	23.08%
LONG-TERM LIABILITIES
Long-Term Debt	$358.0M	$382.7M
YoY Change	-6.45%	-1.18%
Other Long-Term Liabilities	$17.50M	$18.40M
YoY Change	-4.89%	-20.41%
Total Long-Term Liabilities	$375.5M	$401.1M
YoY Change	-6.38%	-2.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$421.9M	$420.4M
Total Long-Term Liabilities	$375.5M	$401.1M
Total Liabilities	$1.567B	$1.619B
YoY Change	-3.19%	0.95%
SHAREHOLDERS EQUITY
Retained Earnings	$577.0M	$486.6M
YoY Change	18.58%	11.53%
Common Stock	$113.2M	$133.4M
YoY Change	-15.14%	-49.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$688.9M	$619.4M
YoY Change
Total Liabilities & Shareholders Equity	$2.256B	$2.238B
YoY Change	0.8%	-2.78%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$7.300M	$2.800M
YoY Change	160.71%	-275.0%
Depreciation, Depletion And Amortization	$28.90M	$30.70M
YoY Change	-5.86%	9.25%
Cash From Operating Activities	$65.30M	$66.60M
YoY Change	-1.95%	-25.75%
INVESTING ACTIVITIES
Capital Expenditures	$10.20M	$7.900M
YoY Change	29.11%	-19.39%
Acquisitions
YoY Change
Other Investing Activities	-$13.90M	$1.400M
YoY Change	-1092.86%	-70.21%
Cash From Investing Activities	-$51.40M	-$15.00M
YoY Change	242.67%	194.12%
FINANCING ACTIVITIES
Cash Dividend Paid	$21.80M	$19.10M
YoY Change	14.14%	9.77%
Common Stock Issuance & Retirement, Net	$8.500M	$800.0K
YoY Change	962.5%	-83.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$17.00M	-$75.10M
YoY Change	-77.36%	-25.72%
NET CHANGE
Cash From Operating Activities	$65.30M	$66.60M
Cash From Investing Activities	-$51.40M	-$15.00M
Cash From Financing Activities	-$17.00M	-$75.10M
Net Change In Cash	-$3.100M	-$23.50M
YoY Change	-86.81%	42.42%
FREE CASH FLOW
Cash From Operating Activities	$65.30M	$66.60M
Capital Expenditures	$10.20M	$7.900M
Free Cash Flow	$55.10M	$58.70M
YoY Change	-6.13%	-26.53%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q4	chdn	Account Wagering Deposit Liability AccountWageringDepositLiability	25000000	USD
CY2017Q1	chdn	Account Wagering Deposit Liability AccountWageringDepositLiability	21500000	USD
CY2016Q1	chdn	Acquisition Related Contingent Consideration Costs AcquisitionRelatedContingentConsiderationCosts	2700000	USD
CY2017Q1	chdn	Acquisition Related Contingent Consideration Costs AcquisitionRelatedContingentConsiderationCosts	200000	USD
CY2016Q1	chdn	Adjusted Earnings Before Interest Tax Depreciationand Amortization AdjustedEarningsBeforeInterestTaxDepreciationandAmortization	46700000	USD
CY2017Q1	chdn	Adjusted Earnings Before Interest Tax Depreciationand Amortization AdjustedEarningsBeforeInterestTaxDepreciationandAmortization	57300000	USD
CY2016Q1	chdn	Adjusted Segment Ebitda AdjustedSegmentEBITDA	46700000	USD
CY2017Q1	chdn	Adjusted Segment Ebitda AdjustedSegmentEBITDA	57300000	USD
CY2016Q1	chdn	Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization	-10100000	USD
CY2017Q1	chdn	Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization	-9200000	USD
CY2016Q1	chdn	Big Fish Games Adjustments BigFishGamesAdjustments	2700000	USD
CY2017Q1	chdn	Big Fish Games Adjustments BigFishGamesAdjustments	200000	USD
CY2016Q1	chdn	Big Fish Games Expense BigFishGamesExpense	109400000	USD
CY2017Q1	chdn	Big Fish Games Expense BigFishGamesExpense	86900000	USD
CY2016Q1	chdn	Big Fish Games Revenue BigFishGamesRevenue	122100000	USD
CY2017Q1	chdn	Big Fish Games Revenue BigFishGamesRevenue	112000000	USD
CY2016Q1	chdn	Contingentconsiderationpaid Contingentconsiderationpaid	-281600000	USD
CY2017Q1	chdn	Contingentconsiderationpaid Contingentconsiderationpaid	-34200000	USD
CY2016Q1	chdn	Corporate Expenses CorporateExpenses	600000	USD
CY2017Q1	chdn	Corporate Expenses CorporateExpenses	700000	USD
CY2016Q4	chdn	Debt Issuance Costs Gross Noncurrent DebtIssuanceCostsGrossNoncurrent	7800000	USD
CY2017Q1	chdn	Debt Issuance Costs Gross Noncurrent DebtIssuanceCostsGrossNoncurrent	7400000	USD
CY2016Q4	chdn	Deferred Paymentto Founder Fair Value Current DeferredPaymenttoFounderFairValueCurrent	27800000	USD
CY2017Q1	chdn	Deferred Paymentto Founder Fair Value Current DeferredPaymenttoFounderFairValueCurrent	28000000	USD
CY2016Q4	chdn	Deferred Revenue Relatedto Acquisition DeferredRevenueRelatedtoAcquisition	81300000	USD
CY2017Q1	chdn	Deferred Revenue Relatedto Acquisition DeferredRevenueRelatedtoAcquisition	80200000	USD
CY2016Q1	chdn	Earnings Before Interest Taxes Depreciationand Amortization EarningsBeforeInterestTaxesDepreciationandAmortization	36600000	USD
CY2017Q1	chdn	Earnings Before Interest Taxes Depreciationand Amortization EarningsBeforeInterestTaxesDepreciationandAmortization	48100000	USD
CY2016Q1	chdn	Earnout Payment Financing Activity EarnoutPaymentFinancingActivity	261900000	USD
CY2017Q1	chdn	Earnout Payment Financing Activity EarnoutPaymentFinancingActivity	31700000	USD
CY2016Q1	chdn	Earnout Payment Operating Activity EarnoutPaymentOperatingActivity	19700000	USD
CY2017Q1	chdn	Earnout Payment Operating Activity EarnoutPaymentOperatingActivity	2500000	USD
CY2017Q1	chdn	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount	3100000	USD
CY2016Q1	chdn	Equity Investmentsinterestdepreciationandamortizationexpense EquityInvestmentsinterestdepreciationandamortizationexpense	2500000	USD
CY2017Q1	chdn	Equity Investmentsinterestdepreciationandamortizationexpense EquityInvestmentsinterestdepreciationandamortizationexpense	3500000	USD
CY2016Q1	chdn	Gaming Technologyand Rights Amortization GamingTechnologyandRightsAmortization	3700000	USD
CY2017Q1	chdn	Gaming Technologyand Rights Amortization GamingTechnologyandRightsAmortization	4400000	USD
CY2016Q1	chdn	Income Loss From Continuing Operations Basic IncomeLossFromContinuingOperationsBasic	-2700000	USD
CY2017Q1	chdn	Income Loss From Continuing Operations Basic IncomeLossFromContinuingOperationsBasic	-7200000	USD
CY2016Q1	chdn	Increase Decreasein Escrow Receivable IncreaseDecreaseinEscrowReceivable	0	USD
CY2017Q1	chdn	Increase Decreasein Escrow Receivable IncreaseDecreaseinEscrowReceivable	-10100000	USD
CY2016Q1	chdn	Increase Decreasein Software Development IncreaseDecreaseinSoftwareDevelopment	4200000	USD
CY2017Q1	chdn	Increase Decreasein Software Development IncreaseDecreaseinSoftwareDevelopment	5300000	USD
CY2016Q1	chdn	Incremental Common Shares Attributable To Participating Securities IncrementalCommonSharesAttributableToParticipatingSecurities	300000	shares
CY2017Q1	chdn	Incremental Common Shares Attributable To Participating Securities IncrementalCommonSharesAttributableToParticipatingSecurities	300000	shares
CY2016Q1	chdn	Live Racing Days LiveRacingDays	54	D
CY2017Q1	chdn	Live Racing Days LiveRacingDays	55	D
CY2016Q4	chdn	Longterm Debt Current Maturities And Loan Origination Fees LongtermDebtCurrentMaturitiesAndLoanOriginationFees	500000	USD
CY2017Q1	chdn	Longterm Debt Current Maturities And Loan Origination Fees LongtermDebtCurrentMaturitiesAndLoanOriginationFees	500000	USD
CY2016Q1	chdn	Net Earnings And Comprehensive Income NetEarningsAndComprehensiveIncome	2800000	USD
CY2017Q1	chdn	Net Earnings And Comprehensive Income NetEarningsAndComprehensiveIncome	7300000	USD
CY2016Q1	chdn	Otherchargesrecoveriesnet Otherchargesrecoveriesnet	400000	USD
CY2017Q1	chdn	Otherchargesrecoveriesnet Otherchargesrecoveriesnet	0	USD
CY2016Q1	chdn	Racing Expense RacingExpense	35600000	USD
CY2017Q1	chdn	Racing Expense RacingExpense	36400000	USD
CY2016Q1	chdn	Racing Revenue RacingRevenue	26200000	USD
CY2017Q1	chdn	Racing Revenue RacingRevenue	23900000	USD
CY2016Q1	chdn	Repurchaseof Common Stock Paymentof Income Taxes For Stock Based Compensation RepurchaseofCommonStockPaymentofIncomeTaxesForStockBasedCompensation	4000000	USD
CY2017Q1	chdn	Repurchaseof Common Stock Paymentof Income Taxes For Stock Based Compensation RepurchaseofCommonStockPaymentofIncomeTaxesForStockBasedCompensation	0	USD
CY2016Q4	chdn	Software Development Current SoftwareDevelopmentCurrent	9600000	USD
CY2017Q1	chdn	Software Development Current SoftwareDevelopmentCurrent	8900000	USD
CY2016Q4	chdn	Software Development Noncurrent SoftwareDevelopmentNoncurrent	6300000	USD
CY2017Q1	chdn	Software Development Noncurrent SoftwareDevelopmentNoncurrent	8100000	USD
CY2016Q1	chdn	Twin Spires Expense TwinSpiresExpense	34600000	USD
CY2017Q1	chdn	Twin Spires Expense TwinSpiresExpense	36400000	USD
CY2016Q1	chdn	Twin Spires Revenue TwinSpiresRevenue	49600000	USD
CY2017Q1	chdn	Twin Spires Revenue TwinSpiresRevenue	52000000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000020212
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16484632	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	CHURCHILL DOWNS INC
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	53200000	USD
CY2017Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	56100000	USD
CY2016Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	12500000	USD
CY2017Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	9500000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	81400000	USD
CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	62300000	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	100100000	USD
CY2017Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	92400000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-1200000	USD
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-1300000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	3500000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	3800000	USD
CY2016Q4	us-gaap	Assets Assets	2254400000	USD
CY2017Q1	us-gaap	Assets Assets	2256100000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	246000000	USD
CY2017Q1	us-gaap	Assets Current AssetsCurrent	213300000	USD
CY2016Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	67900000	USD
CY2017Q1	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	33700000	USD
CY2016Q1	us-gaap	Business Exit Costs1 BusinessExitCosts1	400000	USD
CY2017Q1	us-gaap	Business Exit Costs1 BusinessExitCosts1	400000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	74500000	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	51100000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	48700000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	54900000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-23500000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	6200000	USD
CY2016Q1	us-gaap	Casino Expenses CasinoExpenses	61000000	USD
CY2017Q1	us-gaap	Casino Expenses CasinoExpenses	62700000	USD
CY2016Q1	us-gaap	Casino Revenue CasinoRevenue	86500000	USD
CY2017Q1	us-gaap	Casino Revenue CasinoRevenue	87500000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16500000	shares
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16500000	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	116500000	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	113200000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2800000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	7200000	USD
CY2013Q4	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.05375
CY2016Q4	us-gaap	Debt Instrument Unamortized Premium Noncurrent DebtInstrumentUnamortizedPremiumNoncurrent	2500000	USD
CY2017Q1	us-gaap	Debt Instrument Unamortized Premium Noncurrent DebtInstrumentUnamortizedPremiumNoncurrent	2400000	USD
CY2016Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	64300000	USD
CY2017Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	85200000	USD
CY2016Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	24400000	USD
CY2017Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	24500000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	153100000	USD
CY2017Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	150300000	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	27000000	USD
CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	24500000	USD
CY2016Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	21800000	USD
CY2017Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	0	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.17
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.44
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.44
CY2016Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	100000	USD
CY2017Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	0	USD
CY2016Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	4000000	USD
CY2017Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	4300000	USD
CY2012Q4	us-gaap	Equity Method Investment Summarized Financial Information Noncurrent Liabilities EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities	50000000	USD
CY2016Q4	us-gaap	Escrow Deposit EscrowDeposit	13600000	USD
CY2017Q1	us-gaap	Escrow Deposit EscrowDeposit	3500000	USD
CY2016Q4	us-gaap	Escrow Deposit EscrowDeposit	14000000	USD
CY2016Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2017Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	100000	USD
CY2017Q1	us-gaap	Fair Value Inputs Discount Rate FairValueInputsDiscountRate	0.027
CY2017Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	200000	USD
CY2016Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	95700000	USD
CY2017Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	61700000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	100000000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	110300000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	187400000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	187400000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	87400000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	77100000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	832200000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	832200000	USD
CY2017Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1000000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	11800000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3800000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6100000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3800000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4500000	USD
CY2016Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	2200000	USD
CY2017Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	300000	USD
CY2016Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	7600000	USD
CY2017Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1000000	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-5700000	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	6600000	USD
CY2016Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	53900000	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	42400000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-300000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	5200000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-800000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1200000	USD
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	200000	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	200000	shares
CY2016Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	358300000	USD
CY2017Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	358300000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	445700000	USD
CY2017Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	435400000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	10600000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	11800000	USD
CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-10600000	USD
CY2017Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-11800000	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	1100000	USD
CY2017Q1	us-gaap	Interest Paid InterestPaid	2600000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	139100000	USD
CY2017Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	164700000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	1569400000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	1567200000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2254400000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2256100000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	468100000	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	421900000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	14200000	USD
CY2017Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	15300000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	312800000	USD
CY2017Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	358000000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-75100000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-17000000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-15000000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-51400000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	66600000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	74600000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	2800000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	7300000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	2800000	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	7300000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7300000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-5700000	USD
CY2016Q4	us-gaap	Notes Payable To Bank Noncurrent NotesPayableToBankNoncurrent	594700000	USD
CY2017Q1	us-gaap	Notes Payable To Bank Noncurrent NotesPayableToBankNoncurrent	595000000	USD
CY2017Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	6	Segments
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	282100000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	262000000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6300000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	17500000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	50800000	USD
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	57700000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10700000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	11700000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	0	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-100000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	0	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-100000	USD
CY2016Q1	us-gaap	Other Expenses OtherExpenses	3900000	USD
CY2017Q1	us-gaap	Other Expenses OtherExpenses	3900000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	16300000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	17500000	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-700000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-300000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-500000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
CY2016Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	4000000	USD
CY2017Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	4100000	USD
CY2016Q1	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	0	USD
CY2017Q1	us-gaap	Other Selling General And Administrative Expense OtherSellingGeneralAndAdministrativeExpense	200000	USD
CY2016Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	100000	USD
CY2017Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	100000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	800000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	8600000	USD
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	19100000	USD
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	21800000	USD
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1400000	USD
CY2016Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	0	USD
CY2017Q1	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	24000000	USD
CY2016Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	8500000	USD
CY2017Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	27300000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7900000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10200000	USD
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	300000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	300000	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	292100000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	239100000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	3000000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1400000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	1400000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	0	USD
CY2016Q1	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	16400000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	37500000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	574400000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	590700000	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	87000000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	192700000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	10800000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	10300000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	34300000	USD
CY2017Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	25000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	569700000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	577000000	USD
CY2016Q1	us-gaap	Revenues Revenues	0	USD
CY2017Q1	us-gaap	Revenues Revenues	0	USD
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	288400000	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	279500000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	23100000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	24100000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4100000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4900000	USD
CY2016Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	16600000	USD
CY2017Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	18200000	USD
CY2016Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	150000000	USD
CY2017Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	114600000	USD
CY2017Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	7800000	USD
CY2017Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	53721	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	685000000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	688900000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17000000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16800000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16500000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16300000	shares

Files In Submission

Name	View Source	Status
0000020212-17-000019-index-headers.html	Edgar Link	pending
0000020212-17-000019-index.html	Edgar Link	pending
0000020212-17-000019.txt	Edgar Link	pending
0000020212-17-000019-xbrl.zip	Edgar Link	pending
chdn-20170331.xml	Edgar Link	completed
chdn-20170331.xsd	Edgar Link	pending
chdn-20170331_cal.xml	Edgar Link	unprocessable
chdn-20170331_def.xml	Edgar Link	unprocessable
chdn-20170331_lab.xml	Edgar Link	unprocessable
chdn-20170331_pre.xml	Edgar Link	unprocessable
chdn201733110q.htm	Edgar Link	pending
exhibit31a2017310q.htm	Edgar Link	pending
exhibit31b2017310q.htm	Edgar Link	pending
exhibit322017310q.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
logocdi.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CHDN
Churchill Downs Inc Stock $chdn

2017 Q1 Form 10-Q Financial Statement

#000002021217000019 Filed on April 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CHDN Churchill Downs Inc Stock $chdn

2017 Q1 Form 10-Q Financial Statement

#000002021217000019 Filed on April 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CHDN
Churchill Downs Inc Stock $chdn