Churchill Downs Inc CHDN Income Statement

Churchill downs inc (CHDN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net revenue:
Corporate
-	-	-	-	-	1,100	1,143	-	-	-	-
Total net revenue
1,329,700	1,009,000	882,600	822,400	798,600	812,200	779,028	731,296	696,854	585,345	470,503
Operating expense:
Corporate
-	-	-	1,800	100	1,900	1,462	-	-	-	-
Selling, general and administrative expense
122,000	90,600	83,500	79,400	75,600	76,000	83,071	73,829	65,501	62,434	50,954
Impairment of tangible and other intangible assets
0	0	21,700	0	0	-	-	-	-	-	-
Research and development
-	-	-	-	-	0	0	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
-	-	-	23,700	0	0	-	-	-	-	-
Calder exit costs
-	-	-	-	13,900	2,300	0	-	-	-	-
Transaction expense, net
5,300	10,300	2,300	200	-	10,200	0	0	-	-	-
Other, net
-	-	-	-	0	-	-	-	-	-	-
Total operating expense
1,114,000	820,200	736,900	649,900	672,300	721,800	-	-	-	-	-
Insurance recoveries, net of losses
-	-	-	-	-	-	-	7,006	972	0	-
Operating (loss) income
215,700	188,800	145,700	172,500	126,300	90,400	90,100	96,550	81,010	31,566	34,733
Other income (expense):
Interest income
-	-	-	-	-	-	112	90	468	185	896
Interest expense, net
70,900	40,100	49,300	43,700	28,600	20,800	6,231	4,531	8,924	6,179	1,657
Loss on extinguishment of debt
0	0	-20,700	0	0	-	-	-	-	-	-
Equity in (loss) income of unconsolidated affiliates
50,600	29,600	25,500	17,400	11,200	6,300	-4,142	-1,701	-1,113	-571	-960
Gain on Ocean Downs/Saratoga transaction
0	54,900	0	0	-	-	-	-	-	-	-
Miscellaneous, net
1,000	700	1,300	1,200	6,500	600	5,667	819	23,643	2,897	1,504
Total other expense
-19,300	45,100	-43,200	-25,100	-10,900	-13,900	-4,594	-5,323	14,074	-3,668	-217
(Loss) income from continuing operations before provision for income taxes
196,400	233,900	102,500	147,400	115,400	76,500	85,506	91,227	95,084	27,898	34,516
Income tax benefit (provision)
56,800	51,300	-19,900	50,700	44,600	30,100	30,473	33,075	34,289	8,341	16,835
(Loss) income from continuing operations, net of tax
139,600	182,600	122,400	96,700	70,800	-	55,033	58,152	60,795	19,557	17,681
Loss from discontinued operations, net of tax
-2,400	170,200	18,100	11,400	-5,600	-	-50	124	-1	-5,827	-853
Net (loss) income
137,200	352,800	140,500	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
-300	0	0	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-83	0	3,561	2,623	-
Net (loss) income and comprehensive (loss) income attributable to CDI
137,500	352,800	140,500	108,100	65,200	46,400	54,900	58,276	64,355	16,353	16,828
Net (loss) income per common share data, basic:
Continuing operations (in dollars per share)
3.49	4.42	2.59	1.94	4.08	-	3.13	3.38	3.59	1.27	1.28
Discontinued operations (in dollars per share)
-0.06	4.12	0.38	0.23	-0.33	-	-0.01	0.01	0.21	-0.21	-0.06
Net income per common share data - basic (in dollars per share)
3.43	8.54	2.97	2.17	3.75	2.67	3.12	3.39	3.80	1.06	1.22
Net (loss) income per common share data, diluted:
Continuing operations (in dollars per share)
3.44	4.39	2.55	1.92	4.03	-	3.07	3.33	3.55	1.26	1.27
Discontinued operations (in dollars per share)
-0.06	4.09	0.37	0.22	-0.32	-	-0.01	0.01	0.21	-0.21	-0.06
Net income per common share data - diluted (in dollars per share)
3.38	8.48	2.92	2.14	3.71	2.64	3.06	3.34	3.76	1.05	1.21
Weighted average shares outstanding:
Basic (in shares)
40,100	41,300	47,200	49,300	17,200	17,300	17,294	17,047	16,638	15,186	13,582
Diluted (in shares)
40,600	41,600	48,000	50,500	17,600	17,600	17,938	17,475	17,125	15,666	14,040
Other comprehensive income (loss):
Foreign currency translation, net of tax
0	600	-100	200	-500	-100	0	0	-	-	-
Change in pension benefits, net of tax
0	200	0	800	0	0	-	-	-	-	-
Other comprehensive income (loss)
0	400	-100	-600	-500	-100	0	0	-	-	-
Comprehensive income attributable to CDI
137,500	353,200	140,400	107,500	64,700	46,300	54,900	58,276	-	-	-
Gaming
Net revenue
692,400	449,500	389,300	332,800	332,900	328,300	297,176	223,112	212,629	142,273	71,875
Operating expense
528,100	331,000	293,800	241,300	241,100	243,300	222,581	163,686	157,875	117,946	51,469
All Other
Net revenue
72,600	73,500	76,400	16,900	16,600	16,500	21,899	22,817	19,889	13,343	2,072
Operating expense
89,000	75,900	75,900	16,500	16,300	17,600	25,079	25,356	20,828	11,831	1,599
Online Wagering
Online Wagering
290,500	290,200	255,600	221,600	-	13,900	0	0	165,416	121,407	71,986
Total net revenue
-	-	-	-	201,100	191,000	184,541	183,279	-	-	-
Operating expense
-	-	-	-	135,400	138,200	123,449	123,476	-	-	-
Impairment of intangible assets
205,800	196,100	170,200	146,700	-	16,000	0	0	113,243	88,206	50,765
Churchill Downs
Total net revenue
274,200	195,800	161,300	251,100	248,000	261,400	274,269	302,088	298,920	308,322	324,570
Operating expense
163,800	116,300	89,500	187,700	189,900	216,300	233,286	255,405	259,369	273,362	280,983