2023 Q2 Form 10-Q Financial Statement

#000002021223000084 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $768.5M $559.5M
YoY Change 31.93% 53.67%
Cost Of Revenue $464.1M $382.5M
YoY Change 36.34% 42.83%
Gross Profit $304.4M $177.0M
YoY Change 25.73% 83.8%
Gross Profit Margin 39.61% 31.64%
Selling, General & Admin $48.10M $52.30M
YoY Change 25.26% 45.68%
% of Gross Profit 15.8% 29.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.80M $37.90M
YoY Change 60.15% 51.0%
% of Gross Profit 13.73% 21.41%
Operating Expenses $53.80M $439.6M
YoY Change -85.95% 38.81%
Operating Profit $250.6M $119.9M
YoY Change 25.49% 152.95%
Interest Expense -$26.40M $64.70M
YoY Change -175.21% 203.76%
% of Operating Profit -10.53% 53.96%
Other Income/Expense, Net $0.00 $89.00M
YoY Change -100.0% 694.64%
Pretax Income $199.2M $208.9M
YoY Change -58.49% 256.48%
Income Tax $56.20M $53.20M
% Of Pretax Income 28.21% 25.47%
Net Earnings $143.0M $155.7M
YoY Change -57.85% 269.83%
Net Earnings / Revenue 18.61% 27.83%
Basic Earnings Per Share
Diluted Earnings Per Share $1.86 $4.09
COMMON SHARES
Basic Shares Outstanding 37.43M shares 37.38M shares
Diluted Shares Outstanding 76.90M shares 38.10M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $374.0M $173.9M
YoY Change 20.57% -40.95%
Cash & Equivalents $374.0M $173.9M
Short-Term Investments
Other Short-Term Assets $129.7M $66.10M
YoY Change 224.25% 21.28%
Inventory
Prepaid Expenses
Receivables $79.50M $74.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $583.2M $377.5M
YoY Change -70.91% -27.45%
LONG-TERM ASSETS
Property, Plant & Equipment $2.230B $2.095B
YoY Change 97.32% 102.3%
Goodwill $722.9M $724.1M
YoY Change 97.08% 97.41%
Intangibles $2.365B $2.391B
YoY Change 570.32% 579.34%
Long-Term Investments $644.8M $651.9M
YoY Change -2.11% -0.55%
Other Assets $32.90M $34.00M
YoY Change 40.6% 80.85%
Total Long-Term Assets $5.995B $5.896B
YoY Change 129.3% 134.28%
TOTAL ASSETS
Total Short-Term Assets $583.2M $377.5M
Total Long-Term Assets $5.995B $5.896B
Total Assets $6.579B $6.274B
YoY Change 42.41% 106.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.2M $145.3M
YoY Change 18.04% 49.95%
Accrued Expenses $142.0M $147.2M
YoY Change 121.53% 240.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $68.00M $72.00M
YoY Change 871.43% 928.57%
Total Short-Term Liabilities $648.0M $694.4M
YoY Change 22.63% 60.67%
LONG-TERM LIABILITIES
Long-Term Debt $4.551B $4.351B
YoY Change 44.29% 121.99%
Other Long-Term Liabilities $152.2M $138.4M
YoY Change 205.62% 173.52%
Total Long-Term Liabilities $4.704B $138.4M
YoY Change 9344.98% 173.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $648.0M $694.4M
Total Long-Term Liabilities $4.704B $138.4M
Total Liabilities $5.725B $5.569B
YoY Change 42.52% 104.82%
SHAREHOLDERS EQUITY
Retained Earnings $846.7M $700.4M
YoY Change 40.23% 119.77%
Common Stock $8.000M $4.700M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $853.8M $704.2M
YoY Change
Total Liabilities & Shareholders Equity $6.579B $6.274B
YoY Change 42.41% 106.58%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $143.0M $155.7M
YoY Change -57.85% 269.83%
Depreciation, Depletion And Amortization $41.80M $37.90M
YoY Change 60.15% 51.0%
Cash From Operating Activities $187.2M $215.9M
YoY Change -23.78% 59.69%
INVESTING ACTIVITIES
Capital Expenditures $177.7M $134.7M
YoY Change -259.23% -342.7%
Acquisitions
YoY Change
Other Investing Activities $4.200M $6.500M
YoY Change -98.49% -10.96%
Cash From Investing Activities -$173.5M $54.50M
YoY Change -203.64% -186.78%
FINANCING ACTIVITIES
Cash Dividend Paid $26.70M
YoY Change 3.89%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 190.0M -$237.7M
YoY Change -83.13% 249.56%
NET CHANGE
Cash From Operating Activities 187.2M $215.9M
Cash From Investing Activities -173.5M $54.50M
Cash From Financing Activities 190.0M -$237.7M
Net Change In Cash 203.7M $32.70M
YoY Change -86.77% 643.18%
FREE CASH FLOW
Cash From Operating Activities $187.2M $215.9M
Capital Expenditures $177.7M $134.7M
Free Cash Flow $9.500M $81.20M
YoY Change -97.34% -57.42%

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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62800000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
615500000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2023Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
797500000 usd
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1800000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
26700000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
25700000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24300000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11300000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13100000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2500000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-14200000 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-3000000.0 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-500000 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-100000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-237700000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-68000000.0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32700000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4400000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204700000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355600000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
237400000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
360000000.0 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
55500000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
20700000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
800000 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 usd
CY2023Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
700000 usd
CY2022Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 usd
CY2023Q1 chdn Property And Equipment Additions Included In Accounts Payable And Accrued Expenses
PropertyAndEquipmentAdditionsIncludedInAccountsPayableAndAccruedExpenses
54200000 usd
CY2022Q1 chdn Property And Equipment Additions Included In Accounts Payable And Accrued Expenses
PropertyAndEquipmentAdditionsIncludedInAccountsPayableAndAccruedExpenses
29900000 usd
CY2023Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
700000 usd
CY2022Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
3200000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
900000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
23600000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 usd
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
700000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q4 chdn Number Of Hrm Entertainment Venues Additional
NumberOfHRMEntertainmentVenuesAdditional
5 venue
CY2023Q1 chdn Number Of Licenses
NumberOfLicenses
2 license
CY2022Q4 us-gaap Goodwill
Goodwill
723800000 usd
CY2023Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
300000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
724100000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
31000000.0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22600000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
31000000.0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9600000 usd
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2382200000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2382200000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2390600000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2391800000 usd
CY2023Q1 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We repurchased the following shares under the 2021 Stock Repurchase Program: </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:57.964%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.695%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.695%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.695%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.695%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.388%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(in millions, except share data)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Repurchase Program </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shares</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Aggregate Purchase Price</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shares</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Aggregate Purchase Price</span></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2021 Stock Repurchase Program </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116,863 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25.0 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/></tr></table></div>
CY2023Q1 chdn Number Of Performance Criteria
NumberOfPerformanceCriteria
2 performancecriteria
CY2022Q2 chdn Debt Issuance Costs Amortization Period
DebtIssuanceCostsAmortizationPeriod
P5Y
CY2023Q1 chdn Debt Issuance Costs Amortization Period
DebtIssuanceCostsAmortizationPeriod
P5Y
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4456800000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4638800000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
72000000.0 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
47000000.0 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
34100000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
33100000 usd
CY2023Q1 chdn Long Term Debt Excluding Current Maturities And Costs Gross
LongTermDebtExcludingCurrentMaturitiesAndCostsGross
4350700000 usd
CY2022Q4 chdn Long Term Debt Excluding Current Maturities And Costs Gross
LongTermDebtExcludingCurrentMaturitiesAndCostsGross
4558700000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
172700000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
50200000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
47500000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
36800000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
140700000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
58700000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3200000 usd
CY2023Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 usd
CY2022Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 usd
CY2023Q1 chdn Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
12100000 usd
CY2022Q1 chdn Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
7000000 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
78900000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
87200000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5700000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
74000000.0 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
81500000 usd
CY2023Q1 chdn Account Wagering Deposits Liability Current
AccountWageringDepositsLiabilityCurrent
50700000 usd
CY2022Q4 chdn Account Wagering Deposits Liability Current
AccountWageringDepositsLiabilityCurrent
57800000 usd
CY2023Q1 chdn Purses Payable Current
PursesPayableCurrent
18800000 usd
CY2022Q4 chdn Purses Payable Current
PursesPayableCurrent
39600000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
41300000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
46100000 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
58300000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
47800000 usd
CY2023Q1 chdn Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
43600000 usd
CY2022Q4 chdn Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
39500000 usd
CY2023Q1 chdn Accrued Gaming Liabilities
AccruedGamingLiabilities
26500000 usd
CY2022Q4 chdn Accrued Gaming Liabilities
AccruedGamingLiabilities
26300000 usd
CY2023Q1 us-gaap Other Liabilities
OtherLiabilities
109000000.0 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
103900000 usd
CY2023Q1 chdn Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
348200000 usd
CY2022Q4 chdn Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
361000000.0 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
155700000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
42100000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37600000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38300000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38100000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38800000 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.14
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.10
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.09
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.08
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2023Q1 chdn Number Of Slot Machines
NumberOfSlotMachines
13980 slot_machine
CY2023Q1 chdn Number Of Table Games
NumberOfTableGames
358 game
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10 state
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
155700000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42100000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
37900000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
25100000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-64700000 usd
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-21300000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53200000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16500000 usd
CY2023Q1 chdn Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
311500000 usd
CY2022Q1 chdn Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
105000000.0 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8600000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000.0 usd
CY2023Q1 us-gaap Pre Opening Costs
PreOpeningCosts
3200000 usd
CY2022Q1 us-gaap Pre Opening Costs
PreOpeningCosts
2100000 usd
CY2023Q1 chdn Other Expenses Net
OtherExpensesNet
3700000 usd
CY2022Q1 chdn Other Expenses Net
OtherExpensesNet
2500000 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4900000 usd
CY2023Q1 chdn Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
-200000 usd
CY2022Q1 chdn Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
5000000.0 usd
CY2023Q1 chdn Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
9800000 usd
CY2022Q1 chdn Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
11100000 usd
CY2023Q1 chdn Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
0 usd
CY2022Q1 chdn Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
-10400000 usd
CY2023Q1 chdn Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
300000 usd
CY2022Q1 chdn Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
1000000.0 usd
CY2023Q1 chdn Gain On Arlington Transaction
GainOnArlingtonTransaction
114000000.0 usd
CY2022Q1 chdn Gain On Arlington Transaction
GainOnArlingtonTransaction
0 usd
CY2023Q1 chdn Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
88600000 usd
CY2022Q1 chdn Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
-23500000 usd
CY2023Q1 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
222900000 usd
CY2022Q1 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
128500000 usd
CY2023Q1 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
222900000 usd
CY2022Q1 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
128500000 usd
CY2023Q1 us-gaap Assets
Assets
6273500000 usd
CY2022Q4 us-gaap Assets
Assets
6206800000 usd
CY2023Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
134700000 usd
CY2022Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
55500000 usd

Files In Submission

Name View Source Status
chdn-20230331_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
chdn-20230331_def.xml Edgar Link unprocessable
0000020212-23-000084-index-headers.html Edgar Link pending
0000020212-23-000084-index.html Edgar Link pending
0000020212-23-000084.txt Edgar Link pending
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