Churchill Downs Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	200	201	175.5	144.5	129.8	291.3
Cash & Short-Term Investments	200	201	175.5	144.5	129.8	291.3
Cash Growth	14.81%	14.53%	21.45%	11.33%	-55.44%	332.20%
Accounts Receivable	99	93	98.7	106.9	81.5	42.3
Other Receivables	6	17	14.5	12.6	14	66
Total Trade Receivables	105	110	113.2	119.5	95.5	108.3
Other Current Assets	147	132	123.6	136.8	119.2	101.9
Total Current Assets	452	443	412.3	400.8	344.5	501.5
Net Property, Plant & Equipment	2,910	2,919	2,875	2,561	1,978	994.9
Other Intangible Assets	2,516	2,515	2,409	2,418	2,392	348.1
Goodwill	900	900	900.2	899.9	723.8	366.8
Long-Term Investments	685	685	661.2	655.9	659.4	663.6
Other Long-Term Assets	22	23	18.3	19.3	109	106.7
Total Assets	7,485	7,485	7,276	6,956	6,207	2,982
Accounts Payable	218	184	180.3	158.5	145.5	81.6
Accrued Expenses	397	400	402	426.8	363.1	231.7
Current Portion of Long-Term Debt	63	63	63.1	68	47	7
Unearned Revenue	158	55	52.9	73.2	39	47.7
Other Current Liabilities	-	31	31	29.3	27	27
Total Current Liabilities	836	733	729.3	755.8	621.6	395
Long-Term Debt	4,865	5,067	4,844	4,768	4,559	1,961
Other Long-Term Liabilities	640	629	599.2	537.8	475	318.8
Total Long-Term Liabilities	5,505	5,696	5,443	5,306	5,034	2,280
Total Liabilities	6,341	6,429	6,173	6,062	5,655	2,675
Common Stock	3	-	-	-	-	-
Accumulated Other Comprehensive Income	-1	-1	-1	-0.9	-0.9	-0.9
Retained Earnings	1,094	1,011	1,085	894.5	552.4	307.7
Total Common Shareholders' Equity	1,096	1,010	1,084	893.6	551.5	306.8
Minority Interest	48	46	19.7	-	-	-
Shareholders' Equity	1,144	1,056	1,103	893.6	551.5	306.8
Total Liabilities & Equity	7,485	7,485	7,276	6,956	6,207	2,982
Total Debt	4,928	5,130	4,907	4,836	4,606	1,968
Net Cash (Debt)	-4,728	-4,929	-4,732	-4,692	-4,476	-1,677
Net Cash Per Share	-66.69	-68.65	-63.43	-61.65	-58.13	-21.39
Book Value	1,096	1,010	1,084	893.6	551.5	306.8
Book Value Per Share	15.46	14.07	14.53	11.74	7.16	3.91
Tangible Book Value	-2,320	-2,405	-2,226	-2,425	-2,564	-408.1
Tangible Book Value Per Share	-32.72	-33.50	-29.83	-31.86	-33.30	-5.21

Updated Apr 22, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q