2023 Q3 Form 10-Q Financial Statement

#000002021223000115 Filed on July 26, 2023

View on sec.gov

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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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

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