Overview
Churchill Downs is most famous for owning its namesake horse racing track, online wagering, and gaming entertainment company anchored by its iconic flagship event — the world-famous, Kentucky Derby. The gaming segment has approximately 14,860 slot machines and VLTs and more than 365 table games. Its HRM entertainment venues in Kentucky, Virginia, and New Hampshire compete with regional casinos in the area and other forms of legal and illegal gaming.
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Read More It also owns and operates TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports.
Read Less
Read More It also owns and operates TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports.
Read Less
WILLIAM C CARSTANJEN
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Spectator Sports
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Gambling Industries
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Commercial and Service Industry Machinery Manufacturing
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Race track operation
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Thoroughbred horse racing
See All Industries , Gambling machines, coin-operated Betting machines, pari-mutuel
See Fewer Industries
See All Industries , Gambling machines, coin-operated Betting machines, pari-mutuel
See Fewer Industries
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
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Amusement Parks and Arcades
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Gambling Industries
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Independent Artists, Writers, and Performers
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Museums, Historical Sites, and Similar Institutions
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Other Amusement and Recreation Industries
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Performing Arts Companies
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Promoters of Performing Arts, Sports, and Similar Events
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Actual
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Actual
$2.73 billion
Actual
11.07%
2.28%
$7,275
DEC
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NASDAQ:CHDN
Contacts
Get in Touch with 6 Principals* and 513 Contacts
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WILLIAM C CARSTANJENChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$2.73 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $773 | $606 | $537 |
| Net Investing Cash | -$545 | -$718 | -$3,104 |
| Net Financing Cash | -$197 | $129 | $2,416 |
| Net Change in Cash | $31 | $17 | -$151 |
| Cash at Beginning of Period | $222 | $205 | $356 |
| Cash at End of Period | $253 | $222 | $205 |
| Capital Expenditure | -$547 | -$676 | -$457 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $176 | $144 | $130 |
| Accounts Receivable | $37 | $43 | $12 |
| Inventories | $12 | $17 | $ |
| Other Current Assets | $188 | $197 | $202 |
| Asset Summary | |||
| Total Current Assets | $412 | $401 | $344 |
| Tangible Fixed Assets | $2,875 | $2,561 | $1,978 |
| Intangible Assets | $2,409 | $2,418 | $2,392 |
| Total Assets | $7,276 | $6,956 | $6,207 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $180 | $158 | $146 |
| Short-Term Debt | $63 | $68 | $47 |
| Other Current Liabilities | $486 | $529 | $429 |
| Liability Summary | |||
| Total Current Liabilities | $729 | $756 | $622 |
| Long-Term Debt | $4,844 | $4,768 | $4,559 |
| Other Long-Term Liabilities | $146 | $138 | $122 |
| Total Liabilities | $6,173 | $6,062 | $5,655 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $ | $ | $ |
| Retained Earnings | $1,085 | $894 | $552 |
| Equity Summary | |||
| Total Equity | $1,084 | $894 | $552 |
| Shares Outstanding | 73,496,741 | 74,500,000 | 74,800,000 |