Churchill Downs Incorporated (CHDN)

Churchill Downs Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	417.3	439.4	249.1	-81.9	137.5
Depreciation & Amortization	175.2	119	108.5	97.9	101
Share-Based Compensation	32.9	31.8	27.8	23.7	23.8
Other Operating Activities	-20.1	-79.4	74.1	103.5	30.2
Operating Cash Flow	605.3	510.8	459.5	143.2	292.5
Operating Cash Flow Growth	18.50%	11.16%	220.88%	-51.04%	47.88%
Capital Expenditures	-676.5	-423.5	-91.8	-234.2	-163.3
Acquisitions	-241.3	-2,951.8	0	0	-616.7
Other Investing Activities	199.8	271.6	-8.6	-5.2	-1.2
Investing Cash Flow	-718	-3,103.7	-100.4	-239.4	-781.2
Dividends Paid	-27.1	-26	-24.8	-23.4	-22.2
Share Issuance / Repurchase	-41.5	-174.9	-297.5	-41.1	-95
Debt Issued / Paid	224.1	2,643	332.5	157.1	587.1
Other Financing Activities	-26.2	-26.1	-10.7	-16.6	-9.1
Financing Cash Flow	129.3	2,416	-0.5	76	460.8
Net Cash Flow	17.1	-150.9	234.6	-21.5	-30.8
Free Cash Flow	-71.2	87.3	367.7	-91	129.2
Free Cash Flow Growth	-	-76.26%	-	-	166.94%
Free Cash Flow Margin	-2.89%	4.82%	23.02%	-8.63%	9.72%
Free Cash Flow Per Share	-0.95	1.15	4.76	-1.15	1.61

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).