Churchill Financial Statements From 2010 to 2024

CHDN Stock  USD 138.21  0.19  0.14%   
Churchill Downs financial statements provide useful quarterly and yearly information to potential Churchill Downs Incorporated investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Churchill Downs financial statements helps investors assess Churchill Downs' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Churchill Downs' valuation are summarized below:
Gross Profit
566.4 M
Profit Margin
0.1372
Market Capitalization
10.3 B
Enterprise Value Revenue
5.5199
Revenue
2.5 B
We have found one hundred twenty available fundamental signals for Churchill Downs Incorporated, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate Churchill Downs' prevailing fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 10th of May 2024, Market Cap is likely to grow to about 3.2 B. Also, Enterprise Value is likely to grow to about 3.9 B

Churchill Downs Total Revenue

2.58 Billion

Check Churchill Downs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Churchill main balance sheet or income statement drivers, such as Depreciation And Amortization of 184 M, Interest Expense of 281.8 M or Selling General Administrative of 212.4 M, as well as many exotic indicators such as Price To Sales Ratio of 4.33, Dividend Yield of 0.0025 or PTB Ratio of 11.92. Churchill financial statements analysis is a perfect complement when working with Churchill Downs Valuation or Volatility modules.
  
This module can also supplement Churchill Downs' financial leverage analysis and stock options assessment as well as various Churchill Downs Technical models . Check out the analysis of Churchill Downs Correlation against competitors.

Churchill Downs Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets7.3 BB2.9 B
Slightly volatile
Short and Long Term Debt Total5.1 B4.8 B1.7 B
Slightly volatile
Other Current Liabilities478.9 M456.1 M242.4 M
Slightly volatile
Total Current Liabilities793.6 M755.8 M416.9 M
Slightly volatile
Total Stockholder Equity938.3 M893.6 M576.8 M
Slightly volatile
Property Plant And Equipment Net2.7 B2.6 B999.8 M
Slightly volatile
Retained Earnings939.2 M894.5 M486 M
Slightly volatile
Accounts Payable166.4 M158.5 M72.2 M
Slightly volatile
Cash151.7 M144.5 M91.8 M
Slightly volatile
Non Current Assets Total6.9 B6.6 B2.6 B
Slightly volatile
Cash And Short Term Investments151.7 M144.5 M91.8 M
Slightly volatile
Net Receivables125.5 M119.5 M77.4 M
Slightly volatile
Common Stock Shares Outstanding86 M76.1 M88.6 M
Pretty Stable
Liabilities And Stockholders Equity7.3 BB2.9 B
Slightly volatile
Non Current Liabilities Total5.6 B5.3 B1.9 B
Slightly volatile
Other Current Assets62.5 M59.5 M31.4 M
Slightly volatile
Total Liabilities6.4 B6.1 B2.3 B
Slightly volatile
Property Plant And Equipment Gross3.7 B3.5 B1.2 B
Slightly volatile
Total Current Assets420.8 M400.8 M253.3 M
Slightly volatile
Short Term Debt71.4 M68 M31.6 M
Very volatile
Inventory40.8 M77.3 M50 M
Slightly volatile
Intangible Assets2.5 B2.4 B720.2 M
Slightly volatile
Common Stock Total Equity15.6 M16.4 M103 M
Slightly volatile
Common Stock19.9 M20.9 M103.6 M
Slightly volatile
Other Liabilities523.8 M498.9 M234.6 M
Slightly volatile
Property Plant Equipment2.4 B2.3 B979.2 M
Slightly volatile
Current Deferred Revenue62.5 M73.2 M70.6 M
Very volatile
Short Term Investments760.7 M724.5 M324.3 M
Slightly volatile
Other Assets146.6 M125.3 M197.2 M
Pretty Stable
Good Will944.9 M899.9 M510.4 M
Slightly volatile
Retained Earnings Total Equity496.9 M635.3 M458.5 M
Slightly volatile
Long Term Debt TotalB2.8 BB
Slightly volatile
Deferred Long Term Liabilities411.5 M391.9 M181 M
Slightly volatile
Non Current Liabilities Other130.9 M137.8 M426.1 M
Slightly volatile
Long Term Investments398.8 M655.9 M309.7 M
Slightly volatile
Short and Long Term Debt71.4 M68 M19.7 M
Slightly volatile
Net Invested Capital3.2 B5.7 B2.4 B
Slightly volatile

Churchill Downs Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization184 M175.2 M100.6 M
Slightly volatile
Selling General Administrative212.4 M202.3 M109.5 M
Slightly volatile
Total Revenue2.6 B2.5 B1.2 B
Slightly volatile
Gross Profit835.5 M795.7 M334.4 M
Slightly volatile
Other Operating ExpensesB1.9 BB
Slightly volatile
Operating Income592.2 M564 M234.1 M
Slightly volatile
EBIT782.9 M745.6 M267.4 M
Slightly volatile
EBITDA966.8 M920.8 M368 M
Slightly volatile
Cost Of Revenue1.7 B1.7 B887.4 M
Slightly volatile
Total Operating Expenses212.4 M202.3 M116 M
Slightly volatile
Income Before Tax589.9 M561.8 M218.9 M
Slightly volatile
Net Income438.2 M417.3 M172.7 M
Slightly volatile
Net Income From Continuing Ops438.2 M417.3 M163.7 M
Slightly volatile
Interest Income15.7 M18.3 M18.7 M
Very volatile
Reconciled Depreciation122.6 M175.2 M113.7 M
Pretty Stable

Churchill Downs Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow214.9 M204.7 M108.6 M
Slightly volatile
Depreciation184 M175.2 M96.8 M
Slightly volatile
Capital Expenditures710.3 M676.5 M192 M
Slightly volatile
Total Cash From Operating Activities636.1 M605.8 M271.1 M
Slightly volatile
End Period Cash Flow232.9 M221.8 M121.2 M
Slightly volatile
Stock Based Compensation34.5 M32.9 M20.2 M
Slightly volatile
Issuance Of Capital Stock1.2 M1.4 M1.5 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.334.12183.4701
Slightly volatile
Dividend Yield0.00250.00270.007
Slightly volatile
PTB Ratio11.9211.35498.9109
Slightly volatile
Days Sales Outstanding22.9617.718425.4708
Slightly volatile
Book Value Per Share12.4811.8836.5706
Slightly volatile
Invested Capital5.685.41222.7751
Slightly volatile
Operating Cash Flow Per Share8.468.05593.2682
Slightly volatile
Stock Based Compensation To Revenue0.01290.01340.0164
Pretty Stable
PB Ratio11.9211.35498.9109
Slightly volatile
EV To Sales6.336.02784.4464
Slightly volatile
ROIC0.08860.07310.084
Pretty Stable
Inventory Turnover37.4121.552426.9515
Slightly volatile
Net Income Per Share5.835.54922.1399
Slightly volatile
Days Of Inventory On Hand16.9916.935522.5978
Very volatile
Payables Turnover9.7710.51113.3942
Pretty Stable
Sales General And Administrative To Revenue0.080.09420.1017
Slightly volatile
Research And Ddevelopement To Revenue0.00430.00450.0183
Slightly volatile
Cash Per Share2.021.92151.1216
Slightly volatile
POCF Ratio17.5916.749317.534
Slightly volatile
Interest Coverage2.212.10135.775
Slightly volatile
Payout Ratio0.06170.06490.2896
Very volatile
Days Payables Outstanding35.5234.725429.2536
Pretty Stable
ROE0.490.4670.307
Slightly volatile
EV To Operating Cash Flow25.7224.494122.0696
Slightly volatile
PE Ratio35.0324.315264.1456
Pretty Stable
Return On Tangible Assets0.06560.11470.0989
Very volatile
Earnings Yield0.05190.04110.0422
Very volatile
Intangibles To Total Assets0.50.47710.3804
Pretty Stable
Current Ratio0.560.53030.6804
Very volatile
Receivables Turnover11.3120.615.3246
Slightly volatile
Graham Number40.4438.518516.2963
Slightly volatile
Shareholders Equity Per Share12.4811.8836.5706
Slightly volatile
Debt To Equity5.685.41222.7751
Slightly volatile
Revenue Per Share34.3732.735414.5925
Slightly volatile
Interest Debt Per Share71.2867.881621.6948
Slightly volatile
Debt To Assets0.730.69530.4465
Slightly volatile
Enterprise Value Over EBITDA10.7216.114816.1267
Slightly volatile
Short Term Coverage Ratios8.468.908835.359
Pretty Stable
Price Earnings Ratio35.0324.315264.1456
Pretty Stable
Operating Cycle36.6634.653947.6738
Pretty Stable
Price Book Value Ratio11.9211.35498.9109
Slightly volatile
Days Of Payables Outstanding35.5234.725429.2536
Pretty Stable
Dividend Payout Ratio0.06170.06490.2896
Very volatile
Price To Operating Cash Flows Ratio17.5916.749317.534
Slightly volatile
Pretax Profit Margin0.240.22820.1586
Slightly volatile
Ebt Per Ebit1.00.99610.905
Pretty Stable
Operating Profit Margin0.240.22910.1703
Slightly volatile
Company Equity Multiplier8.177.78374.9168
Slightly volatile
Long Term Debt To Capitalization0.880.84220.5899
Slightly volatile
Total Debt To Capitalization0.890.8440.5863
Slightly volatile
Return On Capital Employed0.120.0910.106
Pretty Stable
Debt Equity Ratio5.685.41222.7751
Slightly volatile
Ebit Per Revenue0.240.22910.1703
Slightly volatile
Quick Ratio0.570.34930.4858
Very volatile
Net Income Per E B T0.630.74280.8317
Pretty Stable
Cash Ratio0.260.19120.2715
Very volatile
Operating Cash Flow Sales Ratio0.130.24610.2022
Very volatile
Days Of Inventory Outstanding16.9916.935522.5978
Very volatile
Days Of Sales Outstanding22.9617.718425.4708
Slightly volatile
Cash Flow Coverage Ratios0.120.12531.2576
Slightly volatile
Price To Book Ratio11.9211.35498.9109
Slightly volatile
Fixed Asset Turnover1.460.96121.4282
Slightly volatile
Price Cash Flow Ratio17.5916.749317.534
Slightly volatile
Enterprise Value Multiple10.7216.114816.1267
Slightly volatile
Debt Ratio0.730.69530.4465
Slightly volatile
Cash Flow To Debt Ratio0.120.12531.2576
Slightly volatile
Price Sales Ratio4.334.12183.4701
Slightly volatile
Return On Assets0.06790.060.0644
Very volatile
Asset Turnover0.340.35390.5195
Slightly volatile
Net Profit Margin0.180.16950.1277
Slightly volatile
Gross Profit Margin0.280.32320.2707
Very volatile
Price Fair Value11.9211.35498.9109
Slightly volatile
Return On Equity0.490.4670.307
Slightly volatile

Churchill Downs Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.2 BB3.1 B
Slightly volatile
Enterprise Value3.9 B3.7 B3.8 B
Slightly volatile

Churchill Fundamental Market Drivers

Cash And Short Term Investments144.5 M

Churchill Upcoming Events

21st of February 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
21st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Churchill Downs Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Churchill Downs income statement, its balance sheet, and the statement of cash flows. Churchill Downs investors use historical funamental indicators, such as Churchill Downs's revenue or net income, to determine how well the company is positioned to perform in the future. Although Churchill Downs investors may use each financial statement separately, they are all related. The changes in Churchill Downs's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Churchill Downs's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Churchill Downs Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Churchill Downs. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue73.2 M62.5 M
Total Revenue2.5 B2.6 B
Cost Of Revenue1.7 B1.7 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.09  0.08 
Research And Ddevelopement To Revenue 0  0 
Capex To Revenue(0.27)(0.26)
Revenue Per Share 32.74  34.37 
Ebit Per Revenue 0.23  0.24 

Pair Trading with Churchill Downs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Churchill Stock

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The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out the analysis of Churchill Downs Correlation against competitors.
Note that the Churchill Downs information on this page should be used as a complementary analysis to other Churchill Downs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Churchill Downs' price analysis, check to measure Churchill Downs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
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Is Churchill Downs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Dividend Share
0.382
Earnings Share
4.52
Revenue Per Share
33.286
Quarterly Revenue Growth
0.056
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.