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Churchill Downs Inc (CHDN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-05-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K8-K10-K10-K
Net revenue:          
Total net revenue  1,809.81,597.21,054.01,329.71,009.01,009.0882.6822.4
            Total net revenue growth  13.3%51.5%-20.7%31.8%14.3% 7.3%3.0%
Operating expense:          
Operating expense          
Selling, general and administrative expense  164.2138.5114.8122.090.690.683.579.4
Asset impairments  38.315.317.5   21.7 
    Total operating expense  1,488.01,312.8993.81,114.0820.290.6736.9649.9
    Operating income  321.8284.460.2215.7188.8188.8145.7172.5
            Operating margin  17.8%17.8%5.7%16.2%18.7%18.7%16.5%21.0%
   
Other income (expense):          
Interest expense, net  -147.3-84.7-80.0-70.9-40.1-40.1-49.3-43.7
Equity in income of unconsolidated affiliates  152.7143.227.750.629.629.625.517.4
Gain on Calder land sale  274.6      -23.7
Miscellaneous, net  7.00.70.11.00.7 1.31.2
    Total other income (expense)  287.059.2-52.2-19.345.145.1-43.2-25.1
    Income from continuing operations before provision for income taxes  608.8343.68.0196.4233.9 102.5147.4
Income tax (provision) benefit  -169.4-94.5-5.356.8-51.3-51.319.9-50.7
    Income from continued operations, net of tax  439.4249.113.3139.6182.6   
    Net income (loss)  439.4249.1-82.1137.2352.8   
Net loss attributable to noncontrolling interest    0.20.3    
    Net income (loss) and comprehensive income (loss) attributable to Churchill Downs Incorporated  439.4249.1-81.9137.5352.8352.8140.5108.1
   
Net income (loss) per common share data - basic:          
Continuing operations (in dollars per share)  0.00.00.00.00.00.00.00.0
Discontinued operations (in dollars per share)    0.00.00.0   
   
    Net income (loss) per common share - basic (in dollars per share)  $11.58$6.45($2.07)$3.43$8.54$8.54$2.97$2.17
   
Net income (loss) per common share data - diluted:          
Continuing operations (in dollars per share)  0.00.00.00.00.00.00.00.0
Discontinued operations (in dollars per share)    0.00.00.00.00.00.0
    Net income (loss) per common share - diluted (in dollars per share)  $11.42$6.35($2.08)$3.38$8.48$8.48$2.92$2.14
   
Weighted average shares outstanding:          
Basic (in shares)  37.938.639.640.141.341.647.249.3
Diluted (in shares)  38.539.240.140.641.641.648.050.5
Gain on Calder land sale  274.6      -23.7

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