Churchill Income Statement Research

CHDN Stock

USD 123.39 0.11 0.09%

Most accounts from Churchill Downs' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Churchill Downs rporated current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Churchill Downs Valuation and Churchill Downs Correlation analysis.

At this time, Churchill Downs' Operating Income is very stable compared to the past year. As of the 24th of April 2024, EBIT is likely to grow to about 782.9 M, though Discontinued Operations is likely to grow to (104.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	446.1M	566.4M	795.7M	835.5M
Total Revenue	1.6B	1.8B	2.5B	2.6B

Gross Profit Total Revenue

Churchill Downs income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Discontinued Operations	Net Income From Continuing Ops	Research Development	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Extraordinary Items	Minority Interest	Reconciled Depreciation
Depreciation And Amortization		0.79	0.87	0.9	0.85	0.91	0.74	0.77	0.84	0.91	0.91	0.69	0.49	0.61	0.63	-0.49	0.66	0.46	0.65	0.62	0.36	0.29	-0.71	-0.31	-0.67	0.41
Interest Expense	0.79		0.94	0.93	0.96	0.9	0.9	0.95	0.96	0.91	0.87	0.88	0.75	0.82	0.8	-0.63	0.89	0.13	0.95	0.77	0.57	-0.03	-0.98	-0.31	-0.73	0.55
Selling General Administrative	0.87	0.94		0.98	0.96	0.98	0.93	0.94	0.96	0.98	0.95	0.89	0.6	0.82	0.84	-0.63	0.86	0.22	0.88	0.72	0.61	0.03	-0.9	-0.33	-0.78	0.45
Total Revenue	0.9	0.93	0.98		0.98	0.99	0.93	0.95	0.97	1.0	0.98	0.9	0.65	0.82	0.86	-0.58	0.87	0.33	0.88	0.71	0.62	0.05	-0.89	-0.3	-0.71	0.47
Gross Profit	0.85	0.96	0.96	0.98		0.96	0.96	0.99	1.0	0.96	0.93	0.94	0.73	0.88	0.89	-0.55	0.93	0.24	0.93	0.75	0.66	-0.02	-0.93	-0.25	-0.68	0.51
Other Operating Expenses	0.91	0.9	0.98	0.99	0.96		0.9	0.92	0.95	1.0	0.99	0.86	0.6	0.78	0.84	-0.59	0.82	0.39	0.83	0.68	0.59	0.08	-0.85	-0.33	-0.72	0.45
Operating Income	0.74	0.9	0.93	0.93	0.96	0.9		0.98	0.97	0.9	0.87	0.98	0.59	0.91	0.93	-0.6	0.97	0.16	0.93	0.7	0.77	0.03	-0.87	-0.28	-0.73	0.45
Ebit	0.77	0.95	0.94	0.95	0.99	0.92	0.98		0.99	0.92	0.88	0.97	0.7	0.91	0.9	-0.57	0.97	0.15	0.96	0.75	0.7	-0.04	-0.93	-0.24	-0.68	0.5
Ebitda	0.84	0.96	0.96	0.97	1.0	0.95	0.97	0.99		0.95	0.92	0.95	0.69	0.89	0.88	-0.58	0.94	0.21	0.94	0.76	0.66	0.01	-0.92	-0.26	-0.7	0.51
Cost Of Revenue	0.91	0.91	0.98	1.0	0.96	1.0	0.9	0.92	0.95		0.98	0.86	0.6	0.78	0.84	-0.59	0.82	0.38	0.83	0.68	0.59	0.08	-0.85	-0.33	-0.72	0.45
Total Operating Expenses	0.91	0.87	0.95	0.98	0.93	0.99	0.87	0.88	0.92	0.98		0.83	0.58	0.74	0.82	-0.58	0.79	0.51	0.8	0.68	0.58	0.13	-0.81	-0.34	-0.67	0.45
Income Before Tax	0.69	0.88	0.89	0.9	0.94	0.86	0.98	0.97	0.95	0.86	0.83		0.68	0.95	0.96	-0.49	0.99	0.13	0.96	0.71	0.82	-0.07	-0.86	-0.2	-0.64	0.43
Total Other Income Expense Net	0.49	0.75	0.6	0.65	0.73	0.6	0.59	0.7	0.69	0.6	0.58	0.68		0.68	0.64	-0.15	0.69	0.05	0.77	0.52	0.47	-0.31	-0.78	0.01	-0.16	0.51
Net Income	0.61	0.82	0.82	0.82	0.88	0.78	0.91	0.91	0.89	0.78	0.74	0.95	0.68		0.87	-0.25	0.96	0.02	0.89	0.7	0.71	-0.22	-0.78	0.1	-0.54	0.23
Income Tax Expense	0.63	0.8	0.84	0.86	0.89	0.84	0.93	0.9	0.88	0.84	0.82	0.96	0.64	0.87		-0.51	0.93	0.24	0.91	0.61	0.9	-0.1	-0.8	-0.32	-0.61	0.43
Discontinued Operations	-0.49	-0.63	-0.63	-0.58	-0.55	-0.59	-0.6	-0.57	-0.58	-0.59	-0.58	-0.49	-0.15	-0.25	-0.51		-0.48	-0.16	-0.59	-0.45	-0.43	-0.36	0.66	0.86	0.72	-0.65
Net Income From Continuing Ops	0.66	0.89	0.86	0.87	0.93	0.82	0.97	0.97	0.94	0.82	0.79	0.99	0.69	0.96	0.93	-0.48		0.07	0.96	0.73	0.78	-0.08	-0.87	-0.16	-0.63	0.43
Research Development	0.46	0.13	0.22	0.33	0.24	0.39	0.16	0.15	0.21	0.38	0.51	0.13	0.05	0.02	0.24	-0.16	0.07		0.06	0.06	0.16	0.42	-0.07	-0.25	-0.06	0.15
Non Operating Income Net Other	0.65	0.95	0.88	0.88	0.93	0.83	0.93	0.96	0.94	0.83	0.8	0.96	0.77	0.89	0.91	-0.59	0.96	0.06		0.77	0.75	-0.13	-0.95	-0.28	-0.66	0.54
Non Recurring	0.62	0.77	0.72	0.71	0.75	0.68	0.7	0.75	0.76	0.68	0.68	0.71	0.52	0.7	0.61	-0.45	0.73	0.06	0.77		0.42	-0.27	-0.75	-0.11	-0.58	0.35
Tax Provision	0.36	0.57	0.61	0.62	0.66	0.59	0.77	0.7	0.66	0.59	0.58	0.82	0.47	0.71	0.9	-0.43	0.78	0.16	0.75	0.42		-0.08	-0.61	-0.33	-0.47	0.48
Interest Income	0.29	-0.03	0.03	0.05	-0.02	0.08	0.03	-0.04	0.01	0.08	0.13	-0.07	-0.31	-0.22	-0.1	-0.36	-0.08	0.42	-0.13	-0.27	-0.08		0.08	-0.43	-0.13	0.28
Net Interest Income	-0.71	-0.98	-0.9	-0.89	-0.93	-0.85	-0.87	-0.93	-0.92	-0.85	-0.81	-0.86	-0.78	-0.78	-0.8	0.66	-0.87	-0.07	-0.95	-0.75	-0.61	0.08		0.37	0.68	-0.65
Extraordinary Items	-0.31	-0.31	-0.33	-0.3	-0.25	-0.33	-0.28	-0.24	-0.26	-0.33	-0.34	-0.2	0.01	0.1	-0.32	0.86	-0.16	-0.25	-0.28	-0.11	-0.33	-0.43	0.37		0.5	-0.6
Minority Interest	-0.67	-0.73	-0.78	-0.71	-0.68	-0.72	-0.73	-0.68	-0.7	-0.72	-0.67	-0.64	-0.16	-0.54	-0.61	0.72	-0.63	-0.06	-0.66	-0.58	-0.47	-0.13	0.68	0.5		-0.25
Reconciled Depreciation	0.41	0.55	0.45	0.47	0.51	0.45	0.45	0.5	0.51	0.45	0.45	0.43	0.51	0.23	0.43	-0.65	0.43	0.15	0.54	0.35	0.48	0.28	-0.65	-0.6	-0.25

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Churchill Downs Account Relationship Matchups

Churchill Downs income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	70.9M	80M	84.7M	147.3M	268.4M	281.8M
Total Revenue	1.3B	1.1B	1.6B	1.8B	2.5B	2.6B
Gross Profit	343M	193.5M	446.1M	566.4M	795.7M	835.5M
Operating Income	215.7M	106.5M	451.5M	561.9M	564M	592.2M
Ebit	215.7M	106.5M	451.5M	561.9M	745.6M	782.9M
Ebitda	373.6M	204.4M	560M	680.9M	920.8M	966.8M
Cost Of Revenue	986.7M	860.5M	1.2B	1.2B	1.7B	1.7B
Income Before Tax	196.4M	8M	343.6M	608.8M	561.8M	589.9M
Net Income	137.5M	13.3M	249.1M	439.4M	417.3M	438.2M
Income Tax Expense	56.8M	(5.3M)	94.5M	169.4M	144.5M	151.7M
Research Development	8.8M	9.4M	10.3M	10.7M	11.2M	10.9M
Tax Provision	56.8M	(5.3M)	94.5M	169.4M	144.5M	73.1M
Net Interest Income	(70.9M)	(80M)	(84.7M)	(147.3M)	(268.4M)	(255.0M)

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 against Churchill Stock

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IHG

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Pair Corr

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 rporated 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 Correlation Correlation Matching

When determining whether Churchill Downs rporated 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:

How To Invest In Churchill

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Is Churchill Stock a good investment?

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What is Churchill Downs' Net Worth?

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Check out Churchill Downs Valuation and Churchill Downs Correlation analysis.

Note that the Churchill Downs rporated 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Churchill Stock analysis

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

56.156

Dividend Share

0.382

Earnings Share

5.48

Revenue Per Share

32.735

Quarterly Revenue Growth

0.169

The market value of Churchill Downs rporated 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.

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Churchill Income Statement Research

Churchill Downs income statement Correlations

Churchill Downs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Churchill Downs income statement Accounts

Pair Trading with Churchill Downs

Moving against Churchill Stock

Complementary Tools for Churchill Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Total Revenue
Ebitda	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Ebit	+ 0.99	Gross Profit
Total Operating Expenses	+ 0.99	Other Operating Expenses

Net Interest Income	- 0.98	Interest Expense
Net Interest Income	- 0.95	Non Operating Income Net Other
Net Interest Income	- 0.93	Ebit
Net Interest Income	- 0.93	Gross Profit
Net Interest Income	- 0.92	Ebitda
Net Interest Income	- 0.9	Selling General Administrative