Churchill Downs Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	200.6	175.5	144.5	129.8	291.3
Cash & Short-Term Investments	200.6	175.5	144.5	129.8	291.3
Cash Growth	14.30%	21.45%	11.33%	-55.44%	332.20%
Accounts Receivable	93.5	98.7	106.9	81.5	42.3
Other Receivables	17	14.5	12.6	14	66
Total Trade Receivables	110.5	113.2	119.5	95.5	108.3
Other Current Assets	132.1	123.6	136.8	119.2	101.9
Total Current Assets	443.2	412.3	400.8	344.5	501.5
Net Property, Plant & Equipment	2,919	2,875	2,561	1,978	994.9
Other Intangible Assets	2,515	2,409	2,418	2,392	348.1
Goodwill	900.2	900.2	899.9	723.8	366.8
Long-Term Investments	684.6	661.2	655.9	659.4	663.6
Other Long-Term Assets	22.6	18.3	19.3	109	106.7
Total Assets	7,485	7,276	6,956	6,207	2,982
Accounts Payable	184.3	180.3	158.5	145.5	81.6
Accrued Expenses	400.5	402	426.8	363.1	231.7
Current Portion of Long-Term Debt	63.1	63.1	68	47	7
Unearned Revenue	54.7	52.9	73.2	39	47.7
Other Current Liabilities	30.7	31	29.3	27	27
Total Current Liabilities	733.3	729.3	755.8	621.6	395
Long-Term Debt	5,067	4,844	4,768	4,559	1,961
Other Long-Term Liabilities	628.3	599.2	537.8	475	318.8
Total Long-Term Liabilities	5,695	5,443	5,306	5,034	2,280
Total Liabilities	6,429	6,173	6,062	5,655	2,675
Accumulated Other Comprehensive Income	-1	-1	-0.9	-0.9	-0.9
Retained Earnings	1,011	1,085	894.5	552.4	307.7
Total Common Shareholders' Equity	1,010	1,084	893.6	551.5	306.8
Minority Interest	46.1	19.7	-	-	-
Shareholders' Equity	1,056	1,103	893.6	551.5	306.8
Total Liabilities & Equity	7,485	7,276	6,956	6,207	2,982
Total Debt	5,130	4,907	4,836	4,606	1,968
Net Cash (Debt)	-4,930	-4,732	-4,692	-4,476	-1,677
Net Cash Per Share	-68.66	-63.43	-61.65	-58.13	-21.39
Book Value	1,010	1,084	893.6	551.5	306.8
Book Value Per Share	14.06	14.53	11.74	7.16	3.91
Tangible Book Value	-2,406	-2,226	-2,425	-2,564	-408.1
Tangible Book Value Per Share	-33.51	-29.83	-31.86	-33.30	-5.21

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.