
Churchill Downs Inc
NASDAQ:CHDN

Income Statement
Earnings Waterfall
Churchill Downs Inc
Revenue
|
2.7B
USD
|
Cost of Revenue
|
-1.8B
USD
|
Gross Profit
|
953.5m
USD
|
Operating Expenses
|
-252.7m
USD
|
Operating Income
|
700.8m
USD
|
Other Expenses
|
-277m
USD
|
Net Income
|
423.8m
USD
|
Income Statement
Churchill Downs Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
812
N/A
|
896
+10%
|
1 002
+12%
|
1 108
+11%
|
1 212
+9%
|
1 250
+3%
|
1 279
+2%
|
1 303
+2%
|
822
-37%
|
702
-15%
|
602
-14%
|
496
-18%
|
883
+78%
|
904
+2%
|
945
+4%
|
969
+3%
|
1 009
+4%
|
1 085
+8%
|
1 183
+9%
|
1 268
+7%
|
1 330
+5%
|
1 317
-1%
|
1 025
-22%
|
1 056
+3%
|
1 054
0%
|
1 125
+7%
|
1 455
+29%
|
1 511
+4%
|
1 597
+6%
|
1 637
+2%
|
1 704
+4%
|
1 695
-1%
|
1 810
+7%
|
2 005
+11%
|
2 191
+9%
|
2 381
+9%
|
2 462
+3%
|
2 493
+1%
|
2 615
+5%
|
2 671
+2%
|
2 734
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(636)
|
(708)
|
(781)
|
(867)
|
(937)
|
(966)
|
(984)
|
(990)
|
(597)
|
(491)
|
(406)
|
(316)
|
(631)
|
(640)
|
(662)
|
(686)
|
(719)
|
(763)
|
(814)
|
(861)
|
(898)
|
(906)
|
(788)
|
(796)
|
(776)
|
(808)
|
(975)
|
(1 014)
|
(1 091)
|
(1 124)
|
(1 147)
|
(1 157)
|
(1 232)
|
(1 347)
|
(1 471)
|
(1 600)
|
(1 650)
|
(1 672)
|
(1 707)
|
(1 738)
|
(1 781)
|
|
Gross Profit |
177
N/A
|
188
+7%
|
221
+18%
|
242
+9%
|
276
+14%
|
284
+3%
|
295
+4%
|
313
+6%
|
226
-28%
|
210
-7%
|
197
-6%
|
180
-9%
|
252
+40%
|
264
+5%
|
283
+7%
|
283
+0%
|
290
+2%
|
322
+11%
|
369
+15%
|
407
+10%
|
432
+6%
|
412
-5%
|
237
-42%
|
260
+10%
|
278
+7%
|
317
+14%
|
481
+51%
|
497
+3%
|
507
+2%
|
513
+1%
|
558
+9%
|
538
-4%
|
577
+7%
|
658
+14%
|
720
+9%
|
780
+8%
|
811
+4%
|
822
+1%
|
909
+11%
|
934
+3%
|
954
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(83)
|
(93)
|
(106)
|
(122)
|
(130)
|
(132)
|
(135)
|
(141)
|
(77)
|
(62)
|
(44)
|
(27)
|
(85)
|
(84)
|
(87)
|
(89)
|
(91)
|
(113)
|
(141)
|
(177)
|
(211)
|
(216)
|
(198)
|
(200)
|
(200)
|
(198)
|
(214)
|
(211)
|
(199)
|
(195)
|
(185)
|
(171)
|
(175)
|
(194)
|
(206)
|
(216)
|
(218)
|
(218)
|
(225)
|
(238)
|
(253)
|
|
Selling, General & Administrative |
(83)
|
(83)
|
(86)
|
(92)
|
(91)
|
(92)
|
(95)
|
(98)
|
(79)
|
(75)
|
(71)
|
(63)
|
(83)
|
(83)
|
(86)
|
(88)
|
(91)
|
(97)
|
(104)
|
(117)
|
(122)
|
(121)
|
(114)
|
(118)
|
(115)
|
(121)
|
(132)
|
(129)
|
(139)
|
(144)
|
(149)
|
(152)
|
(164)
|
(181)
|
(190)
|
(202)
|
(202)
|
(205)
|
(214)
|
(224)
|
(238)
|
|
Research & Development |
0
|
(10)
|
(20)
|
(30)
|
(39)
|
(40)
|
(40)
|
(39)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
2
|
13
|
27
|
36
|
(2)
|
0
|
0
|
0
|
0
|
(16)
|
(37)
|
(60)
|
(89)
|
(95)
|
(85)
|
(82)
|
(85)
|
(77)
|
(83)
|
(82)
|
(61)
|
(50)
|
(36)
|
(19)
|
(11)
|
(13)
|
(16)
|
(14)
|
(16)
|
(13)
|
(11)
|
(14)
|
(15)
|
|
Operating Income |
94
N/A
|
95
+1%
|
115
+21%
|
119
+3%
|
145
+22%
|
152
+5%
|
161
+6%
|
172
+7%
|
149
-14%
|
148
0%
|
153
+3%
|
153
0%
|
167
+9%
|
180
+8%
|
195
+9%
|
194
-1%
|
199
+3%
|
210
+5%
|
228
+9%
|
231
+1%
|
221
-4%
|
196
-11%
|
39
-80%
|
60
+55%
|
79
+32%
|
119
+52%
|
266
+123%
|
286
+7%
|
308
+8%
|
318
+3%
|
372
+17%
|
367
-1%
|
402
+10%
|
465
+16%
|
514
+11%
|
564
+10%
|
593
+5%
|
604
+2%
|
684
+13%
|
696
+2%
|
701
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(15)
|
(11)
|
(13)
|
(13)
|
(17)
|
(26)
|
(32)
|
(30)
|
(26)
|
(25)
|
(23)
|
(20)
|
(24)
|
(21)
|
(18)
|
(15)
|
(11)
|
(17)
|
(26)
|
(30)
|
(20)
|
(33)
|
(55)
|
(42)
|
(52)
|
(24)
|
22
|
34
|
59
|
64
|
55
|
41
|
5
|
(32)
|
(64)
|
(105)
|
(122)
|
(128)
|
(138)
|
(143)
|
(145)
|
|
Non-Reccuring Items |
(4)
|
(10)
|
(18)
|
(21)
|
(22)
|
(18)
|
(11)
|
(9)
|
24
|
26
|
27
|
28
|
(42)
|
(44)
|
(45)
|
(50)
|
(10)
|
(12)
|
(11)
|
(6)
|
(5)
|
(20)
|
(19)
|
(19)
|
(19)
|
(1)
|
(12)
|
(13)
|
(23)
|
(33)
|
(23)
|
(22)
|
(80)
|
44
|
20
|
20
|
(29)
|
(34)
|
(9)
|
(8)
|
8
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
55
|
55
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
275
|
275
|
275
|
0
|
0
|
0
|
114
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
0
|
0
|
(0)
|
6
|
6
|
6
|
6
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
56
|
56
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
5
|
7
|
283
|
8
|
8
|
6
|
13
|
13
|
9
|
9
|
|
Pre-Tax Income |
77
N/A
|
75
-2%
|
85
+13%
|
85
+1%
|
112
+32%
|
114
+2%
|
124
+9%
|
139
+12%
|
147
+6%
|
151
+3%
|
159
+5%
|
162
+2%
|
103
-37%
|
116
+14%
|
133
+14%
|
184
+39%
|
234
+27%
|
236
+1%
|
247
+5%
|
195
-21%
|
196
+1%
|
144
-27%
|
(35)
N/A
|
(1)
+98%
|
8
N/A
|
95
+1 081%
|
276
+192%
|
307
+11%
|
344
+12%
|
350
+2%
|
680
+94%
|
666
-2%
|
609
-9%
|
759
+25%
|
478
-37%
|
487
+2%
|
562
+15%
|
455
-19%
|
550
+21%
|
554
+1%
|
573
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(30)
|
(29)
|
(41)
|
(41)
|
(47)
|
(44)
|
(39)
|
(50)
|
(51)
|
(55)
|
(60)
|
(59)
|
(38)
|
(40)
|
(26)
|
(32)
|
(51)
|
(55)
|
(61)
|
(52)
|
(49)
|
(30)
|
16
|
10
|
7
|
(21)
|
(70)
|
(83)
|
(96)
|
(96)
|
(195)
|
(185)
|
(168)
|
(205)
|
(120)
|
(125)
|
(145)
|
(113)
|
(141)
|
(140)
|
(144)
|
|
Income from Continuing Operations |
46
|
45
|
43
|
44
|
65
|
70
|
84
|
89
|
97
|
96
|
99
|
103
|
65
|
77
|
107
|
152
|
183
|
180
|
186
|
143
|
148
|
113
|
(19)
|
9
|
15
|
74
|
206
|
224
|
248
|
254
|
485
|
480
|
441
|
554
|
358
|
362
|
417
|
342
|
409
|
414
|
429
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
|
Net Income (Common) |
46
N/A
|
45
-2%
|
43
-6%
|
43
+1%
|
65
+50%
|
69
+7%
|
83
+21%
|
88
+5%
|
107
+22%
|
112
+4%
|
121
+9%
|
130
+7%
|
140
+8%
|
315
+125%
|
340
+8%
|
380
+12%
|
353
-7%
|
182
-48%
|
186
+2%
|
145
-22%
|
138
-5%
|
103
-25%
|
(123)
N/A
|
(95)
+23%
|
(82)
+14%
|
(22)
+73%
|
205
N/A
|
223
+9%
|
249
+12%
|
255
+2%
|
486
+91%
|
482
-1%
|
439
-9%
|
553
+26%
|
357
-35%
|
361
+1%
|
417
+16%
|
342
-18%
|
408
+19%
|
411
+1%
|
424
+3%
|
|
EPS (Diluted) |
0.43
N/A
|
0.42
-2%
|
0.4
-5%
|
0.41
+2%
|
0.62
+51%
|
0.67
+8%
|
0.82
+22%
|
0.86
+5%
|
1.06
+23%
|
1.1
+4%
|
1.24
+13%
|
1.39
+12%
|
1.46
+5%
|
3.62
+148%
|
4.16
+15%
|
4.61
+11%
|
4.24
-8%
|
2.24
-47%
|
2.28
+2%
|
1.78
-22%
|
1.69
-5%
|
1.29
-24%
|
-1.56
N/A
|
-1.18
+24%
|
-1.03
+13%
|
-0.28
+73%
|
2.61
N/A
|
2.85
+9%
|
3.16
+11%
|
3.28
+4%
|
6.29
+92%
|
6.27
0%
|
5.72
-9%
|
7.25
+27%
|
4.63
-36%
|
4.67
+1%
|
5.48
+17%
|
4.57
-17%
|
5.46
+19%
|
5.5
+1%
|
5.68
+3%
|