Churchill Downs Incorporated (CHDN)
NASDAQ: CHDN · Real-Time Price · USD
98.18
+0.18 (0.18%)
Nov 5, 2026, 4:00 PM EST - Market closed
Churchill Downs Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 167 | 200.6 | 175.5 | 144.5 | 129.8 | 291.3 |
Cash & Short-Term Investments | 167 | 200.6 | 175.5 | 144.5 | 129.8 | 291.3 |
Cash Growth | -7.48% | 14.30% | 21.45% | 11.33% | -55.44% | 332.20% |
Accounts Receivable | 83 | 63.8 | 72.6 | 82.5 | 60.9 | 31.8 |
Other Receivables | 23 | 46.7 | 40.6 | 37 | 34.6 | 76.5 |
Receivables | 106 | 110.5 | 113.2 | 119.5 | 95.5 | 108.3 |
Restricted Cash | 92 | 87.9 | 77.2 | 77.3 | 74.9 | 64.3 |
Other Current Assets | 53 | 44.2 | 46.4 | 59.5 | 44.3 | 37.6 |
Total Current Assets | 418 | 443.2 | 412.3 | 400.8 | 344.5 | 501.5 |
Property, Plant & Equipment | 2,921 | 2,919 | 2,875 | 2,561 | 1,978 | 994.9 |
Long-Term Investments | 694 | 684.6 | 661.2 | 655.9 | 659.4 | 663.6 |
Goodwill | 900 | 900.2 | 900.2 | 899.9 | 723.8 | 366.8 |
Other Intangible Assets | 2,510 | 2,515 | 2,409 | 2,418 | 2,392 | 348.1 |
Other Long-Term Assets | 24 | 22.6 | 18.3 | 19.3 | 109 | 106.7 |
Total Assets | 7,467 | 7,485 | 7,276 | 6,956 | 6,207 | 2,982 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Accounts Payable | 221 | 184.3 | 180.3 | 158.5 | 145.5 | 81.6 |
Accrued Expenses | 192 | 166.8 | 164 | 145.3 | 113.7 | 63.8 |
Current Portion of Long-Term Debt | 659 | 63.1 | 63.1 | 68 | 47 | 7 |
Current Portion of Leases | 9 | 8.4 | 8.7 | 7.8 | - | - |
Current Income Taxes Payable | 3 | - | - | - | - | 0.9 |
Current Unearned Revenue | 101 | 122.4 | 116 | 131.9 | 96.8 | 95.2 |
Other Current Liabilities | 137 | 188.3 | 197.2 | 244.3 | 218.6 | 146.5 |
Total Current Liabilities | 1,322 | 733.3 | 729.3 | 755.8 | 621.6 | 395 |
Long-Term Debt | 4,063 | 5,067 | 4,844 | 4,768 | 4,559 | 1,961 |
Long-Term Leases | 74 | 58.4 | - | - | - | - |
Long-Term Unearned Revenue | 12 | 15.4 | 20 | 11.8 | 11.8 | 13.3 |
Long-Term Deferred Tax Liabilities | 582 | 519.9 | 432.7 | 388.2 | 340.8 | 252.9 |
Other Long-Term Liabilities | 11 | 34.6 | 146.5 | 137.8 | 122.4 | 52.6 |
Total Liabilities | 6,064 | 6,429 | 6,173 | 6,062 | 5,655 | 2,675 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Retained Earnings | 1,380 | 1,011 | 1,085 | 894.5 | 552.4 | 307.7 |
Comprehensive Income & Other | -1 | -1 | -1 | -0.9 | -0.9 | -0.9 |
Total Common Equity | 1,379 | 1,010 | 1,084 | 893.6 | 551.5 | 306.8 |
Minority Interest | 24 | 46.1 | 19.7 | - | - | - |
Shareholders' Equity | 1,403 | 1,056 | 1,103 | 893.6 | 551.5 | 306.8 |
Total Liabilities & Equity | 7,467 | 7,485 | 7,276 | 6,956 | 6,207 | 2,982 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Total Debt | 4,805 | 5,197 | 4,916 | 4,844 | 4,606 | 1,968 |
Net Cash (Debt) | -4,638 | -4,996 | -4,740 | -4,700 | -4,476 | -1,677 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -66.35 | -69.59 | -63.54 | -61.76 | -58.13 | -21.39 |
Filing Date Shares Outstanding | 68.55 | 69.7 | 73.55 | 73.68 | 74.76 | 76.18 |
Total Common Shares Outstanding | 69 | 69.6 | 73.5 | 74.5 | 74.8 | 76.2 |
Working Capital | -904 | -290.1 | -317 | -355 | -277.1 | 106.5 |
Book Value Per Share | 19.99 | 14.51 | 14.74 | 11.99 | 7.37 | 4.03 |
Tangible Book Value | -2,031 | -2,406 | -2,226 | -2,425 | -2,564 | -408.1 |
Tangible Book Value Per Share | -29.43 | -34.57 | -30.28 | -32.55 | -34.28 | -5.36 |
Land | - | 164.3 | 164.3 | 162.9 | 161.2 | 101.3 |
Machinery | - | 1,143 | 1,047 | 865.6 | 746.5 | 570.8 |
Construction In Progress | - | 102.5 | 140.3 | 668.5 | 353.7 | 65.8 |