Churchill Downs Inc CHDN Income Statement

Churchill downs inc (CHDN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net revenue:
Corporate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net revenue
1,317,200	1,329,700	1,268,100	1,183,100	1,085,100	1,009,000	968,900	944,500	904,400	882,600	495,800	602,300	701,500	822,400	889,000	865,400	836,100	798,600	1,108,004	1,001,687	895,959	812,200	806,158	818,171	798,293	779,028	774,373	753,754	740,976	731,296	723,154	724,626	703,496	696,854	695,135	744,181	0	0	0
Operating expense:
Corporate
-	-	-	-	-	-	-	-	-	-	2,100	2,000	1,800	1,800	-700	-700	-300	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative expense
121,200	122,000	116,600	104,100	97,100	90,600	88,200	86,200	83,300	83,500	62,800	70,500	74,900	79,400	82,600	79,700	77,200	75,600	85,994	79,469	76,035	76,000	80,535	83,548	86,978	83,071	80,165	77,214	75,188	73,829	68,554	67,070	65,696	65,501	66,734	65,598	0	0	0
Impairment of intangible assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,700	39,800	40,000	-	30,000	20,100	10,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Calder exit costs
-	-	-	-	-	-	-	-	-	-	900	1,200	2,500	-	2,800	15,000	14,300	13,900	15,798	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction expense, net
2,100	5,300	6,400	10,900	12,400	10,300	10,100	5,300	3,700	2,300	-3,600	-3,100	-2,500	200	9,200	10,900	18,000	-	27,600	24,800	16,600	10,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expense
1,141,100	1,114,000	1,043,900	966,200	888,000	820,200	804,800	773,900	747,500	736,900	315,400	422,100	526,800	649,900	1,150,200	1,176,900	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries, net of losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	867	867	5,870	7,006	7,129	7,524	0	-	0	0	-	-	-
Operating (loss) income
176,100	215,700	224,200	216,900	197,100	188,800	164,100	170,600	156,900	145,700	180,400	180,200	174,700	172,500	165,600	148,200	136,700	126,300	97,504	96,477	84,734	90,400	98,783	100,663	88,625	90,100	98,247	95,807	95,871	96,550	100,017	102,291	87,583	81,010	78,004	116,242	0	0	0
Other income (expense):
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	22	22	106	112	111	136	82	90	312	397	418	468	270	171	0	0	0
Interest expense, net
76,500	70,900	62,900	53,900	44,200	40,100	67,700	45,200	47,100	49,300	21,700	45,400	44,900	43,700	40,100	35,700	31,700	28,600	26,993	25,466	23,327	20,800	17,199	13,433	9,728	6,231	5,592	5,058	4,784	4,531	4,505	5,208	7,687	8,924	9,122	8,966	0	0	0
Equity in (loss) income of unconsolidated affiliates
43,200	50,600	32,900	27,900	27,200	29,600	27,200	27,000	25,900	25,500	26,600	22,600	19,700	17,400	16,500	13,900	12,000	11,200	8,647	7,404	7,010	6,300	3,393	1,449	-1,688	-4,142	-2,128	-1,712	-1,645	-1,701	-1,945	-1,941	-917	-1,113	-893	-716	0	0	0
Gain on Ocean Downs/Saratoga transaction
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous, net
-	-	800	700	-	700	1,000	1,000	1,400	1,300	2,300	2,000	1,700	1,200	700	800	400	6,500	5,618	5,832	6,225	600	681	5,005	5,635	5,667	5,648	1,779	793	819	733	20,098	23,219	23,643	25,381	5,806	0	0	0
Total other expense
-32,300	-19,300	-29,200	29,600	38,500	45,100	19,900	-37,900	-40,500	-43,200	-18,000	-20,800	-23,500	-25,100	-23,100	-21,200	-19,500	-10,900	-12,543	-12,039	-9,896	-13,900	-13,103	-6,957	-5,675	-4,594	-1,961	-4,855	-5,554	-5,323	-5,405	13,346	15,033	14,074	15,636	-3,705	0	0	0
(Loss) income from continuing operations before provision for income taxes
143,800	196,400	195,000	246,500	235,600	233,900	184,000	132,700	116,400	102,500	162,400	159,400	151,200	147,400	142,500	127,000	117,200	115,400	84,961	84,438	74,838	76,500	85,680	93,706	82,950	85,506	96,286	90,952	90,317	91,227	94,612	115,637	102,616	95,084	93,640	112,537	0	0	0
Income tax benefit (provision)
38,700	56,800	52,300	61,000	55,200	51,300	-25,700	-32,100	-17,900	-19,900	59,000	60,400	55,100	50,700	48,100	37,100	42,000	44,600	41,025	41,171	29,338	30,100	31,089	33,438	29,706	30,473	33,431	31,332	32,430	33,075	34,438	41,716	37,281	34,289	33,416	43,764	0	0	0
(Loss) income from continuing operations, net of tax
105,100	139,600	142,700	185,500	180,400	182,600	209,700	164,800	134,300	122,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	55,033	62,855	59,620	57,887	58,152	60,174	73,921	65,335	60,795	60,224	68,773	0	0	0
Loss from discontinued operations, net of tax
-3,000	-2,400	2,200	900	2,000	170,200	169,900	175,200	180,900	18,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-50	124	83	94	124	-63	-3	-3	-1	-4,328	-5,052	0	0	0
Net (loss) income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Net (loss) income and comprehensive (loss) income attributable to CDI
102,500	137,500	144,900	186,400	182,400	352,800	379,600	340,000	315,200	140,500	129,100	121,100	112,600	108,100	88,800	84,300	69,600	65,200	43,936	43,267	45,500	46,400	54,459	60,177	53,142	54,900	62,979	59,703	57,981	58,276	63,515	77,322	68,893	64,355	56,053	63,878	0	0	0
Net (loss) income per common share data, basic:
Continuing operations (in dollars per share)
-570,000.00	0.12	0.38	2.69	0.30	0.12	1.43	2.54	0.33	-2.91	0.85	4.52	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.34	-	-	-	1.17	2.38	-	0.22	1.90
Discontinued operations (in dollars per share)
-20,000.00	-0.01	-0.01	-0.03	-0.01	0.29	-0.04	0.00	3.87	-0.51	0.24	0.34	0.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	0.00	0.01	-	-0.26	-0.05
Net income per common share data - basic (in dollars per share)
-590,000.00	0.11	0.37	2.66	0.29	0.41	1.39	2.54	4.20	-3.42	1.09	4.86	0.44	-2.68	0.52	4.16	0.17	0.48	0.24	3.12	-0.09	-0.73	0.21	3.23	-0.04	-0.31	0.52	2.85	0.06	0.15	0.34	2.82	0.08	0.43	1.17	2.39	-0.19	-0.04	1.85
Net (loss) income per common share data, diluted:
Continuing operations (in dollars per share)
-570,000.00	0.11	0.37	2.66	0.30	0.13	1.42	2.52	0.32	-2.89	0.84	4.47	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	0.51	-	-	-	0.34	-	-	-	1.16	2.36	-	0.22	1.90
Discontinued operations (in dollars per share)
-20,000.00	-0.01	-0.01	-0.03	-0.01	0.27	-0.04	0.00	3.86	-0.52	0.24	0.34	0.31	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	0.00	-	-	-	0.01	0.01	-	-0.26	-0.05
Net income per common share data - diluted (in dollars per share)
-590,000.00	0.10	0.36	2.63	0.29	0.40	1.38	2.52	4.18	-3.41	1.08	4.81	0.44	-2.65	0.52	4.11	0.16	0.46	0.24	3.10	-0.09	-0.73	0.20	3.21	-0.04	-0.33	0.52	2.81	0.06	0.15	0.34	2.77	0.08	0.41	1.17	2.37	-0.19	-0.04	1.85
Weighted average shares outstanding:
Basic (in shares)
39,700	39,900	40,000	40,100	40,400	40,500	40,700	40,700	43,300	141,100	15,300	16,100	16,300	147,800	16,400	16,500	16,500	16,900	17,300	17,300	17,300	17,230	17,020	17,531	17,419	17,371	17,328	17,268	17,209	17,177	17,130	16,978	16,903	16,892	16,858	16,444	16,358	16,311	14,440
Diluted (in shares)
39,700	40,400	40,700	40,700	40,600	41,000	41,000	40,900	43,500	143,400	15,500	16,300	16,800	151,100	16,900	17,000	17,000	17,600	17,800	17,700	17,300	17,798	17,303	17,880	17,419	18,048	17,955	17,921	17,828	17,390	17,575	17,502	17,433	18,233	16,974	16,935	16,358	16,768	14,895
Other comprehensive income (loss):
Foreign currency translation, net of tax
-	-	0	0	-	600	400	900	600	-100	100	-400	100	200	100	100	-200	-500	-500	-500	-400	-100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in pension benefits, net of tax
-	-	0	-200	-	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-	-	0	200	-	400	100	500	400	-100	-600	-1,200	-700	-600	100	100	-200	-500	-500	-500	-400	-100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to CDI
-	-	144,900	186,600	-	353,200	379,700	340,500	315,600	140,400	128,500	119,900	111,900	107,500	88,900	84,400	69,400	64,700	43,436	42,767	45,100	46,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Churchill Downs
Churchill Downs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net revenue
276,600	274,200	264,600	243,700	214,900	195,800	111,700	138,700	139,700	161,300	258,300	258,000	248,800	251,100	250,800	251,100	250,400	248,000	248,331	250,586	254,621	261,400	269,451	279,083	277,035	274,269	284,434	296,666	299,719	302,088	305,686	309,543	297,474	298,920	314,123	394,787	0	0	0
Operating expense
167,000	163,800	156,700	145,400	129,800	116,300	23,200	44,500	63,000	89,500	192,000	192,700	188,500	187,700	187,000	186,500	189,300	189,900	193,405	198,897	209,280	216,300	222,826	230,709	235,386	233,286	240,635	248,213	253,537	255,405	257,500	260,701	256,772	259,369	269,377	300,993	0	0	0
Gaming
Net revenue
-	-	644,200	576,300	-	449,500	456,000	433,100	413,300	389,300	342,200	337,700	333,800	332,800	334,300	334,000	333,400	332,900	331,012	329,935	327,914	328,300	328,156	326,365	311,473	297,176	281,720	251,381	235,865	223,112	212,361	214,790	212,878	212,629	195,135	179,061	0	0	0
Gaming
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense
527,900	528,100	487,600	431,500	376,400	331,000	347,200	326,700	310,700	293,800	244,000	244,700	243,000	241,300	241,000	240,400	241,000	241,100	241,713	241,349	242,354	243,300	245,370	246,020	233,639	222,581	208,262	185,067	173,734	163,686	156,307	157,467	157,413	157,875	146,668	139,234	0	0	0
All Other
Net revenue
-	-	70,800	72,700	-	73,500	126,000	102,400	84,900	76,400	18,000	17,800	17,000	16,900	17,400	16,900	17,000	16,600	14,787	15,326	16,008	16,500	17,410	19,326	20,933	21,899	23,301	23,718	23,232	22,817	22,705	21,469	20,496	19,889	21,301	17,925	0	0	0
All Other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense
94,600	89,000	73,800	74,600	75,100	75,900	124,800	105,400	88,300	75,900	17,700	17,300	16,500	16,500	16,400	16,600	16,400	16,300	11,515	13,252	15,702	17,600	25,038	25,568	25,595	25,079	23,914	24,340	24,829	25,356	24,543	23,085	21,486	20,828	21,003	17,822	0	0	0
Online Wagering
Online Wagering
0	-	-	-	0	-	-	-	-	-	-	-	-	221,600	483,300	464,600	443,900	-	313,900	210,300	105,800	13,900	-143,969	-95,447	-42,916	0	1,639	-1,290	-1,119	0	182,402	178,824	172,648	165,416	164,576	152,408	0	0	0
Total net revenue
0	-	0	0	0	-	0	0	0	-	246,900	236,100	224,000	-	217,700	213,000	205,300	201,100	198,074	193,940	190,316	191,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense
0	-	0	0	0	-	0	0	0	-	164,500	158,500	148,500	-	143,600	140,700	137,400	135,400	140,540	138,512	137,223	138,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
0	-	-	-	-	-	-	-	-	-	-	-	-	146,700	404,000	389,500	367,300	-	261,600	181,600	98,200	16,000	-95,807	-63,580	-30,362	0	541	504	211	0	122,709	121,103	117,029	113,243	114,359	104,687	0	0	0