2023 Q3 Form 10-Q Financial Statement
#000002021223000115 Filed on July 26, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $572.5M | $768.5M |
YoY Change | 49.44% | 31.93% |
Cost Of Revenue | $407.2M | $464.1M |
YoY Change | 46.69% | 36.34% |
Gross Profit | $165.3M | $304.4M |
YoY Change | 56.68% | 25.73% |
Gross Profit Margin | 28.87% | 39.61% |
Selling, General & Admin | $50.20M | $48.10M |
YoY Change | 30.73% | 25.26% |
% of Gross Profit | 30.37% | 15.8% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $42.10M | $41.80M |
YoY Change | 53.09% | 60.15% |
% of Gross Profit | 25.47% | 13.73% |
Operating Expenses | $460.2M | $53.80M |
YoY Change | 43.77% | -85.95% |
Operating Profit | $112.3M | $250.6M |
YoY Change | 78.25% | 25.49% |
Interest Expense | $67.90M | -$26.40M |
YoY Change | 87.57% | -175.21% |
% of Operating Profit | 60.46% | -10.53% |
Other Income/Expense, Net | -$30.50M | $0.00 |
YoY Change | -393.27% | -100.0% |
Pretax Income | $81.80M | $199.2M |
YoY Change | 11.44% | -58.49% |
Income Tax | $20.80M | $56.20M |
% Of Pretax Income | 25.43% | 28.21% |
Net Earnings | $61.00M | $143.0M |
YoY Change | 7.02% | -57.85% |
Net Earnings / Revenue | 10.66% | 18.61% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $0.79 | $1.86 |
COMMON SHARES | ||
Basic Shares Outstanding | 74.87M shares | 37.43M shares |
Diluted Shares Outstanding | 77.10M shares | 76.90M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $129.9M | $374.0M |
YoY Change | 17.45% | 20.57% |
Cash & Equivalents | $129.9M | $374.0M |
Short-Term Investments | ||
Other Short-Term Assets | $69.30M | $129.7M |
YoY Change | 58.58% | 224.25% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $102.2M | $79.50M |
Other Receivables | $5.900M | $0.00 |
Total Short-Term Assets | $370.6M | $583.2M |
YoY Change | -79.48% | -70.91% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $2.384B | $2.230B |
YoY Change | 92.09% | 97.32% |
Goodwill | $899.9M | $722.9M |
YoY Change | 139.53% | 97.08% |
Intangibles | $2.417B | $2.365B |
YoY Change | 398.41% | 570.32% |
Long-Term Investments | $660.1M | $644.8M |
YoY Change | -0.14% | -2.11% |
Other Assets | $19.00M | $32.90M |
YoY Change | -18.1% | 40.6% |
Total Long-Term Assets | $6.380B | $5.995B |
YoY Change | 122.47% | 129.3% |
TOTAL ASSETS | ||
Total Short-Term Assets | $370.6M | $583.2M |
Total Long-Term Assets | $6.380B | $5.995B |
Total Assets | $6.751B | $6.579B |
YoY Change | 44.42% | 42.41% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $169.0M | $164.2M |
YoY Change | 54.9% | 18.04% |
Accrued Expenses | $185.5M | $142.0M |
YoY Change | 49.6% | 121.53% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $68.00M | $68.00M |
YoY Change | 871.43% | 871.43% |
Total Short-Term Liabilities | $669.9M | $648.0M |
YoY Change | 36.24% | 22.63% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.655B | $4.551B |
YoY Change | 46.66% | 44.29% |
Other Long-Term Liabilities | $141.5M | $152.2M |
YoY Change | 35.54% | 205.62% |
Total Long-Term Liabilities | $4.796B | $4.704B |
YoY Change | 4494.16% | 9344.98% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $669.9M | $648.0M |
Total Long-Term Liabilities | $4.796B | $4.704B |
Total Liabilities | $5.862B | $5.725B |
YoY Change | 44.33% | 42.52% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $889.6M | $846.7M |
YoY Change | 44.98% | 40.23% |
Common Stock | $0.00 | $8.000M |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $888.7M | $853.8M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.751B | $6.579B |
YoY Change | 44.42% | 42.41% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $61.00M | $143.0M |
YoY Change | 7.02% | -57.85% |
Depreciation, Depletion And Amortization | $42.10M | $41.80M |
YoY Change | 53.09% | 60.15% |
Cash From Operating Activities | $96.20M | $187.2M |
YoY Change | 120.14% | -23.78% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $185.7M | $177.7M |
YoY Change | -242.96% | -259.23% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$244.8M | $4.200M |
YoY Change | 199.63% | -98.49% |
Cash From Investing Activities | -$430.5M | -$173.5M |
YoY Change | 103.45% | -203.64% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 86.40M | 190.0M |
YoY Change | -325.0% | -83.13% |
NET CHANGE | ||
Cash From Operating Activities | 96.20M | 187.2M |
Cash From Investing Activities | -430.5M | -173.5M |
Cash From Financing Activities | 86.40M | 190.0M |
Net Change In Cash | -247.9M | 203.7M |
YoY Change | 20.16% | -86.77% |
FREE CASH FLOW | ||
Cash From Operating Activities | $96.20M | $187.2M |
Capital Expenditures | $185.7M | $177.7M |
Free Cash Flow | -$89.50M | $9.500M |
YoY Change | -151.56% | -97.34% |
Facts In Submission
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Income Taxes Paid
IncomeTaxesPaid
|
35600000 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
15900000 | usd | |
us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
800000 | usd | |
us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
33100000 | usd | |
chdn |
Property And Equipment Additions Included In Accounts Payable And Accrued Expenses
PropertyAndEquipmentAdditionsIncludedInAccountsPayableAndAccruedExpenses
|
51400000 | usd | |
chdn |
Property And Equipment Additions Included In Accounts Payable And Accrued Expenses
PropertyAndEquipmentAdditionsIncludedInAccountsPayableAndAccruedExpenses
|
32500000 | usd | |
us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
1400000 | usd | |
us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
1800000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1100000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
900000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
33200000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
0 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2000000.0 | usd | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment | |
CY2023Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
2 | |
CY2022Q4 | chdn |
Number Of Hrm Entertainment Venues Additional
NumberOfHRMEntertainmentVenuesAdditional
|
5 | venue |
chdn |
Number Of Licenses
NumberOfLicenses
|
2 | license | |
us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
-900000 | usd | |
CY2023Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
31000000.0 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
23800000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
7200000 | 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 |
CY2022Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
2382200000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2391800000 | usd |
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><td style="width:27.554%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.701%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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 June 30,</span></td><td colspan="3" style="padding:0 1pt"></td><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%">Six Months Ended June 30,</span></td></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><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><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"></td><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><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></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><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><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><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><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></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:0 1pt"></td><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><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><td colspan="3" style="padding:0 1pt"></td><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%">643,108 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><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%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61.5 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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><td colspan="3" style="padding:0 1pt"></td><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%">876,834 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><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%">86.5 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Number of shares have been adjusted for the Stock Split.</span></div> | ||
CY2023Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
2 | |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
chdn |
Number Of Performance Criteria
NumberOfPerformanceCriteria
|
2 | performancecriteria | |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
4638800000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
47000000.0 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
33100000 | usd |
CY2023Q2 | chdn |
Long Term Debt Excluding Current Maturities And Costs Gross
LongTermDebtExcludingCurrentMaturitiesAndCostsGross
|
4551400000 | usd |
CY2022Q4 | chdn |
Long Term Debt Excluding Current Maturities And Costs Gross
LongTermDebtExcludingCurrentMaturitiesAndCostsGross
|
4558700000 | usd |
CY2022Q2 | chdn |
Debt Issuance Costs Amortization Period
DebtIssuanceCostsAmortizationPeriod
|
P5Y | |
CY2023Q1 | chdn |
Debt Issuance Costs Amortization Period
DebtIssuanceCostsAmortizationPeriod
|
P5Y | |
CY2023Q2 | chdn |
Debt Instrument Percentage Of Principal Loan Amount
DebtInstrumentPercentageOfPrincipalLoanAmount
|
1 | |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
48900000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
38100000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
43500000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
58700000 | usd |
CY2022Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
43600000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
46800000 | usd | |
CY2023Q2 | chdn |
Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
|
12300000 | usd |
CY2022Q2 | chdn |
Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
|
7700000 | usd |
chdn |
Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
|
24500000 | usd | |
chdn |
Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
|
14800000 | usd | |
CY2023Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
85000000.0 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
87200000 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
5500000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
5700000 | usd |
CY2023Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
79500000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
81500000 | usd |
CY2023Q2 | chdn |
Account Wagering Deposits Liability Current
AccountWageringDepositsLiabilityCurrent
|
52900000 | usd |
CY2022Q4 | chdn |
Account Wagering Deposits Liability Current
AccountWageringDepositsLiabilityCurrent
|
57800000 | usd |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
23800000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
39600000 | usd |
CY2023Q2 | chdn |
Purses Payable Current
PursesPayableCurrent
|
49000000.0 | usd |
CY2022Q4 | chdn |
Purses Payable Current
PursesPayableCurrent
|
46100000 | usd |
CY2023Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
48800000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
47800000 | usd |
CY2023Q2 | chdn |
Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
|
43800000 | usd |
CY2022Q4 | chdn |
Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
|
39500000 | usd |
CY2023Q2 | chdn |
Accrued Gaming Liabilities
AccruedGamingLiabilities
|
25600000 | usd |
CY2022Q4 | chdn |
Accrued Gaming Liabilities
AccruedGamingLiabilities
|
26300000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
115200000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
103900000 | usd |
CY2023Q2 | chdn |
Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
|
359100000 | usd |
CY2022Q4 | chdn |
Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
|
361000000.0 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
339300000 | usd |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
298700000 | usd | |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
381400000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
143000000.0 | usd |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75300000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76200000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75300000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76400000 | shares | |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1600000 | shares |
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000.0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1200000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000.0 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76900000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
77200000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76500000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
77400000 | shares | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.90 | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.45 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
3.97 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.99 | ||
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.86 | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.39 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
3.90 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.92 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | segment | |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
143000000.0 | usd |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
339300000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
298700000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
381400000 | usd | |
CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
41800000 | usd |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
26100000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
79700000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
51200000 | usd | |
CY2023Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-65200000 | usd |
CY2022Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-35100000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-129900000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-56400000 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
56200000 | usd |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
140600000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
109400000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
157100000 | usd | |
CY2023Q2 | chdn |
Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
|
306200000 | usd |
CY2022Q2 | chdn |
Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
|
541100000 | usd |
chdn |
Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
|
617700000 | usd | |
chdn |
Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
|
646100000 | usd | |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8100000 | usd |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7400000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16700000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14400000 | usd | |
CY2023Q2 | us-gaap |
Pre Opening Costs
PreOpeningCosts
|
3200000 | usd |
CY2022Q2 | us-gaap |
Pre Opening Costs
PreOpeningCosts
|
2600000 | usd |
us-gaap |
Pre Opening Costs
PreOpeningCosts
|
6400000 | usd | |
us-gaap |
Pre Opening Costs
PreOpeningCosts
|
4700000 | usd | |
CY2023Q2 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
5900000 | usd |
CY2022Q2 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
1800000 | usd |
us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
9300000 | usd | |
us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
4300000 | usd | |
CY2023Q2 | chdn |
Other Expenses Net
OtherExpensesNet
|
6600000 | usd |
CY2022Q2 | chdn |
Other Expenses Net
OtherExpensesNet
|
0 | usd |
chdn |
Other Expenses Net
OtherExpensesNet
|
6900000 | usd | |
chdn |
Other Expenses Net
OtherExpensesNet
|
0 | usd | |
CY2023Q2 | chdn |
Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
|
500000 | usd |
CY2022Q2 | chdn |
Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
|
1200000 | usd |
chdn |
Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
|
300000 | usd | |
chdn |
Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
|
6200000 | usd | |
CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
24500000 | usd |
CY2022Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
24500000 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
4900000 | usd | |
CY2023Q2 | chdn |
Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
|
9900000 | usd |
CY2022Q2 | chdn |
Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
|
10500000 | usd |
chdn |
Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
|
19700000 | usd | |
chdn |
Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
|
21600000 | usd | |
CY2023Q2 | chdn |
Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
|
0 | usd |
CY2022Q2 | chdn |
Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
|
-2200000 | usd |
chdn |
Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
|
0 | usd | |
chdn |
Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
|
-12600000 | usd | |
CY2023Q2 | chdn |
Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
|
-1200000 | usd |
CY2022Q2 | chdn |
Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
|
0 | usd |
chdn |
Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
|
-900000 | usd | |
chdn |
Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
|
1000000.0 | usd | |
CY2023Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | usd |
CY2022Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
274600000 | usd |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
114000000.0 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
274600000 | usd | |
CY2023Q2 | chdn |
Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
|
-57500000 | usd |
CY2022Q2 | chdn |
Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
|
249900000 | usd |
chdn |
Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
|
31100000 | usd | |
chdn |
Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
|
226400000 | usd | |
CY2023Q2 | chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
363700000 | usd |
CY2022Q2 | chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
291200000 | usd |
chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
586600000 | usd | |
chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
419700000 | usd | |
CY2023Q2 | chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
363700000 | usd |
CY2022Q2 | chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
291200000 | usd |
chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
586600000 | usd | |
chdn |
Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
|
419700000 | usd | |
CY2023Q2 | us-gaap |
Assets
Assets
|
6578600000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
6206800000 | usd |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
312400000 | usd | |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
167100000 | usd | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |