$CHDN
Churchill Downs Inc

2023 Q4 Form 10-Q Financial Statement

#000002021223000132 Filed on October 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $561.2M $572.5M
YoY Change 16.89% 49.44%
Cost Of Revenue $396.6M $407.2M
YoY Change 14.43% 46.69%
Gross Profit $164.6M $165.3M
YoY Change 23.3% 56.68%
Gross Profit Margin 29.33% 28.87%
Selling, General & Admin $51.70M $50.20M
YoY Change 0.39% 30.73%
% of Gross Profit 31.41% 30.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.20M $42.10M
YoY Change 34.86% 53.09%
% of Gross Profit 28.68% 25.47%
Operating Expenses $55.30M $460.2M
YoY Change 2.98% 43.77%
Operating Profit $109.3M $112.3M
YoY Change 36.97% 78.25%
Interest Expense -$34.70M $67.90M
YoY Change 99.43% 87.57%
% of Operating Profit -31.75% 60.46%
Other Income/Expense, Net $400.0K -$30.50M
YoY Change -84.62% -393.27%
Pretax Income $71.90M $81.80M
YoY Change -2419.35% 11.44%
Income Tax $14.30M $20.80M
% Of Pretax Income 19.89% 25.43%
Net Earnings $57.60M $61.00M
YoY Change 5660.0% 7.02%
Net Earnings / Revenue 10.26% 10.66%
Basic Earnings Per Share
Diluted Earnings Per Share $0.77 $0.79
COMMON SHARES
Basic Shares Outstanding 74.59M shares 74.87M shares
Diluted Shares Outstanding 77.10M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.5M $129.9M
YoY Change 11.33% 17.45%
Cash & Equivalents $144.5M $129.9M
Short-Term Investments
Other Short-Term Assets $59.50M $69.30M
YoY Change 34.31% 58.58%
Inventory
Prepaid Expenses
Receivables $106.9M $102.2M
Other Receivables $12.60M $5.900M
Total Short-Term Assets $400.8M $370.6M
YoY Change 16.34% -79.48%
LONG-TERM ASSETS
Property, Plant & Equipment $2.538B $2.384B
YoY Change 30.42% 92.09%
Goodwill $899.9M $899.9M
YoY Change 24.33% 139.53%
Intangibles $2.418B $2.417B
YoY Change 1.11% 398.41%
Long-Term Investments $655.9M $660.1M
YoY Change -0.53% -0.14%
Other Assets $19.30M $19.00M
YoY Change -28.52% -18.1%
Total Long-Term Assets $6.555B $6.380B
YoY Change 11.81% 122.47%
TOTAL ASSETS
Total Short-Term Assets $400.8M $370.6M
Total Long-Term Assets $6.555B $6.380B
Total Assets $6.956B $6.751B
YoY Change 12.06% 44.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $158.5M $169.0M
YoY Change 8.93% 54.9%
Accrued Expenses $263.2M $185.5M
YoY Change 107.41% 49.6%
Deferred Revenue $73.20M
YoY Change 87.69%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $68.00M $68.00M
YoY Change 44.68% 871.43%
Total Short-Term Liabilities $755.8M $669.9M
YoY Change 21.59% 36.24%
LONG-TERM LIABILITIES
Long-Term Debt $4.768B $4.655B
YoY Change 4.6% 46.66%
Other Long-Term Liabilities $137.8M $141.5M
YoY Change 12.58% 35.54%
Total Long-Term Liabilities $4.906B $4.796B
YoY Change 4.81% 4494.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $755.8M $669.9M
Total Long-Term Liabilities $4.906B $4.796B
Total Liabilities $6.062B $5.862B
YoY Change 7.19% 44.33%
SHAREHOLDERS EQUITY
Retained Earnings $894.5M $889.6M
YoY Change 61.93% 44.98%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $893.6M $888.7M
YoY Change
Total Liabilities & Shareholders Equity $6.956B $6.751B
YoY Change 12.06% 44.42%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $57.60M $61.00M
YoY Change 5660.0% 7.02%
Depreciation, Depletion And Amortization $47.20M $42.10M
YoY Change 34.86% 53.09%
Cash From Operating Activities $106.5M $96.20M
YoY Change -5.16% 120.14%
INVESTING ACTIVITIES
Capital Expenditures $178.4M $185.7M
YoY Change 11.64% -242.96%
Acquisitions
YoY Change
Other Investing Activities $9.900M -$244.8M
YoY Change -100.35% 199.63%
Cash From Investing Activities -$168.5M -$430.5M
YoY Change -94.38% 103.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.60M 86.40M
YoY Change -93.51% -325.0%
NET CHANGE
Cash From Operating Activities 106.5M 96.20M
Cash From Investing Activities -168.5M -430.5M
Cash From Financing Activities 90.60M 86.40M
Net Change In Cash 28.60M -247.9M
YoY Change -101.92% 20.16%
FREE CASH FLOW
Cash From Operating Activities $106.5M $96.20M
Capital Expenditures $178.4M $185.7M
Free Cash Flow -$71.90M -$89.50M
YoY Change 51.37% -151.56%

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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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355600000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193200000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1693200000 usd
us-gaap Interest Paid Net
InterestPaidNet
180500000 usd
us-gaap Interest Paid Net
InterestPaidNet
66400000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
78900000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
53900000 usd
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
800000 usd
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
34200000 usd
chdn Gaming Rights Accrued Not Yet Paid
GamingRightsAccruedNotYetPaid
0 usd
chdn Gaming Rights Accrued Not Yet Paid
GamingRightsAccruedNotYetPaid
50000000.0 usd
chdn Property And Equipment Additions Included In Accounts Payable And Accrued Expenses
PropertyAndEquipmentAdditionsIncludedInAccountsPayableAndAccruedExpenses
52000000.0 usd
chdn Property And Equipment Additions Included In Accounts Payable And Accrued Expenses
PropertyAndEquipmentAdditionsIncludedInAccountsPayableAndAccruedExpenses
45000000.0 usd
chdn Business Combination Expenditures Incurred But Not Yet Paid
BusinessCombinationExpendituresIncurredButNotYetPaid
6900000 usd
chdn Business Combination Expenditures Incurred But Not Yet Paid
BusinessCombinationExpendituresIncurredButNotYetPaid
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
33400000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
6200000 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
CY2022Q4 us-gaap Goodwill
Goodwill
723800000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
177100000 usd
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-1000000.0 usd
CY2023Q3 us-gaap Goodwill
Goodwill
899900000 usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
95800000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
25600000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
70200000 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
CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2347100000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2382200000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2417300000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2391800000 usd
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="margin-bottom:9pt;margin-top:6pt;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:99.561%"><tr><td style="width:1.0%"></td><td style="width:20.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.151%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.738%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.151%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.738%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.151%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.738%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.151%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.742%"></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 September 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%">Nine Months Ended September 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%">310,367 </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%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.3 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">577,562 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">59.0 </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%">310,367 </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%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37.3 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,454,396 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">145.5 </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
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4762500000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4638800000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
68000000.0 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
47000000.0 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
39700000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
33100000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4654800000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4558700000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
138500000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1000000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
54900000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
41700000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
48100000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
58700000 usd
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
43600000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1300000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
572500000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
383100000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1900500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1329700000 usd
CY2023Q3 chdn Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
13300000 usd
CY2022Q3 chdn Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
8400000 usd
chdn Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
37800000 usd
chdn Disclosure Of Complimentary Revenue
DisclosureOfComplimentaryRevenue
23200000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
57000000.0 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
359700000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
438400000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75200000 shares
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
108200000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
87200000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6000000.0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5700000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
102200000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
81500000 usd
CY2023Q3 chdn Account Wagering Deposits Liability Current
AccountWageringDepositsLiabilityCurrent
53000000.0 usd
CY2022Q4 chdn Account Wagering Deposits Liability Current
AccountWageringDepositsLiabilityCurrent
57800000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38600000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
39600000 usd
CY2023Q3 chdn Purses Payable Current
PursesPayableCurrent
44300000 usd
CY2022Q4 chdn Purses Payable Current
PursesPayableCurrent
46100000 usd
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
76700000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
47800000 usd
CY2023Q3 chdn Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
41900000 usd
CY2022Q4 chdn Accrued Fixed Assets Current
AccruedFixedAssetsCurrent
39500000 usd
CY2023Q3 chdn Accrued Gaming Liabilities
AccruedGamingLiabilities
28300000 usd
CY2022Q4 chdn Accrued Gaming Liabilities
AccruedGamingLiabilities
26300000 usd
CY2023Q3 us-gaap Other Liabilities
OtherLiabilities
118600000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
106000000.0 usd
CY2023Q3 chdn Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
401400000 usd
CY2022Q4 chdn Accrued Liabilities And Other Current Liabilities Current
AccruedLiabilitiesAndOtherCurrentLiabilitiesCurrent
363100000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
61000000.0 usd
CY2022Q3 us-gaap Pre Opening Costs
PreOpeningCosts
4200000 usd
us-gaap Pre Opening Costs
PreOpeningCosts
11400000 usd
us-gaap Pre Opening Costs
PreOpeningCosts
8900000 usd
CY2023Q3 us-gaap Business Exit Costs1
BusinessExitCosts1
100000 usd
CY2022Q3 us-gaap Business Exit Costs1
BusinessExitCosts1
1400000 usd
us-gaap Business Exit Costs1
BusinessExitCosts1
9400000 usd
us-gaap Business Exit Costs1
BusinessExitCosts1
5700000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76100000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77100000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77200000 shares
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.81
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.75
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.78
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.76
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.79
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.74
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.69
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.68
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
61000000.0 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
359700000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42100000 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27500000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
121800000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
78700000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-36200000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-197800000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
173500000 usd
CY2023Q3 chdn Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
191800000 usd
CY2022Q3 chdn Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
137100000 usd
chdn Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
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chdn Earnings Before Interest Taxes Depreciationand Amortization
EarningsBeforeInterestTaxesDepreciationandAmortization
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8100000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23500000 usd
CY2023Q3 us-gaap Legal Fees
LegalFees
0 usd
CY2022Q3 us-gaap Legal Fees
LegalFees
0 usd
us-gaap Legal Fees
LegalFees
0 usd
us-gaap Legal Fees
LegalFees
3200000 usd
CY2023Q3 us-gaap Pre Opening Costs
PreOpeningCosts
5000000.0 usd
CY2023Q3 chdn Other Expenses Net
OtherExpensesNet
700000 usd
CY2022Q3 chdn Other Expenses Net
OtherExpensesNet
0 usd
chdn Other Expenses Net
OtherExpensesNet
7600000 usd
chdn Other Expenses Net
OtherExpensesNet
0 usd
CY2023Q3 chdn Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
1500000 usd
CY2022Q3 chdn Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
1200000 usd
chdn Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
1800000 usd
chdn Acquisition Related Contingent Consideration Costs
AcquisitionRelatedContingentConsiderationCosts
7400000 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
24500000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
4900000 usd
CY2023Q3 chdn Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
10100000 usd
CY2022Q3 chdn Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
10100000 usd
chdn Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
29800000 usd
chdn Equity Investmentsinterestdepreciationandamortizationexpense
EquityInvestmentsinterestdepreciationandamortizationexpense
31700000 usd
CY2023Q3 chdn Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
0 usd
CY2022Q3 chdn Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
0 usd
chdn Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
0 usd
chdn Fair Valueof Interest Rate Swaps
FairValueofInterestRateSwaps
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CY2023Q3 chdn Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
900000 usd
CY2022Q3 chdn Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
0 usd
chdn Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
0 usd
chdn Otherchargesrecoveriesnet
Otherchargesrecoveriesnet
1000000.0 usd
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2022Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
114000000.0 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
274600000 usd
CY2023Q3 chdn Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
-26400000 usd
CY2022Q3 chdn Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
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chdn Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
4700000 usd
chdn Adjustmentsto Earnings Before Interest Tax Depreciationand Amortization
AdjustmentstoEarningsBeforeInterestTaxDepreciationandAmortization
200300000 usd
CY2023Q3 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
218200000 usd
CY2022Q3 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
163200000 usd
chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
804800000 usd
chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
582900000 usd
CY2023Q3 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
218200000 usd
CY2022Q3 chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
163200000 usd
chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
804800000 usd
chdn Adjusted Earnings Before Interest Tax Depreciationand Amortization
AdjustedEarningsBeforeInterestTaxDepreciationandAmortization
582900000 usd
CY2023Q3 us-gaap Assets
Assets
6750500000 usd
CY2022Q4 us-gaap Assets
Assets
6206800000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
498100000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
263700000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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