Churchill Downs Incorporated (BST:CHR)

Churchill Downs Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	182.4	175.5	144.5	129.8	291.3	67.4
Cash & Short-Term Investments	182.4	175.5	144.5	129.8	291.3	67.4
Cash Growth	30.01%	21.45%	11.33%	-55.44%	332.20%	-29.94%
Accounts Receivable	93.4	72.6	82.5	60.9	31.8	28.3
Other Receivables	25	40.6	37	34.6	76.5	57.6
Receivables	118.4	113.2	119.5	95.5	108.3	85.9
Restricted Cash	103.2	77.2	77.3	74.9	64.3	53.6
Other Current Assets	60	46.4	59.5	44.3	37.6	28.2
Total Current Assets	464	412.3	400.8	344.5	501.5	235.1
Property, Plant & Equipment	2,917	2,875	2,561	1,978	994.9	1,082
Long-Term Investments	668.8	661.2	655.9	659.4	663.6	630.6
Goodwill	900.2	900.2	899.9	723.8	366.8	366.8
Other Intangible Assets	2,406	2,409	2,418	2,392	348.1	350.6
Other Long-Term Assets	19.3	18.3	19.3	109	106.7	21.2
Total Assets	7,376	7,276	6,956	6,207	2,982	2,686
Accounts Payable	231	180.3	158.5	145.5	81.6	70.7
Accrued Expenses	145.3	164	145.3	113.7	63.8	38.8
Current Portion of Long-Term Debt	63.1	63.1	68	47	7	4
Current Portion of Leases	8.8	8.7	7.8	-	-	-
Current Income Taxes Payable	67.6	-	-	-	0.9	-
Current Unearned Revenue	96.7	116	131.9	96.8	95.2	70.9
Other Current Liabilities	159.6	197.2	244.3	218.6	146.5	239.8
Total Current Liabilities	772.1	729.3	755.8	621.6	395	424.2
Long-Term Debt	4,942	4,844	4,768	4,559	1,961	1,618
Long-Term Leases	80.1	57.5	-	-	-	-
Long-Term Unearned Revenue	18.4	20	11.8	11.8	13.3	17.1
Long-Term Deferred Tax Liabilities	436.2	432.7	388.2	340.8	252.9	213.9
Other Long-Term Liabilities	62.6	89	137.8	122.4	52.6	45.8
Total Liabilities	6,312	6,173	6,062	5,655	2,675	2,319
Common Stock	-	-	-	-	-	18.2
Retained Earnings	1,043	1,085	894.5	552.4	307.7	349.8
Comprehensive Income & Other	-1	-1	-0.9	-0.9	-0.9	-0.9
Total Common Equity	1,042	1,084	893.6	551.5	306.8	367.1
Minority Interest	22.5	19.7	-	-	-	-
Shareholders' Equity	1,064	1,103	893.6	551.5	306.8	367.1
Total Liabilities & Equity	7,376	7,276	6,956	6,207	2,982	2,686
Total Debt	5,094	4,973	4,844	4,606	1,968	1,622
Net Cash (Debt)	-4,912	-4,798	-4,700	-4,476	-1,677	-1,555
Net Cash Per Share	-66.42	-64.32	-61.76	-58.13	-21.39	-19.39
Filing Date Shares Outstanding	70.12	73.55	73.68	74.76	76.18	76.95
Total Common Shares Outstanding	70.2	73.5	74.5	74.8	76.2	79
Working Capital	-308.1	-317	-355	-277.1	106.5	-189.1
Book Value Per Share	14.84	14.74	11.99	7.37	4.03	4.65
Tangible Book Value	-2,265	-2,226	-2,425	-2,564	-408.1	-350.3
Tangible Book Value Per Share	-32.26	-30.28	-32.55	-34.28	-5.36	-4.43
Land	-	164.3	162.9	161.2	101.3	164.2
Machinery	-	1,047	865.6	746.5	570.8	567.6
Construction In Progress	-	140.3	668.5	353.7	65.8	23.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.