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Churchill Downs Incorporated (CHDN)
NASDAQ: CHDN · Real-Time Price · USD
88.17
+1.67 (1.93%)
Jul 27, 2026, 4:00 PM EDT - Market closed

Churchill Downs Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
391.5385.5429.1417.3439.4249.1
Depreciation & Amortization
236.9239.5204.7175.2119108.5
Stock-Based Compensation
31.630.236.132.931.827.8
Other Adjustments
92.9119.751.9-27.8-116-3.4
Changes in Income Taxes Payable
-11.5-3.5-4.5-1.128.212.9
Changes in Unearned Revenue
6.2-2.8-12.134.2-12.710.7
Changes in Other Operating Activities
23.61.267.5-24.947.1-70.1
Operating Cash Flow
817.8769.8771.7605.3510.8459.5
Operating Cash Flow Growth
7.04%-0.25%27.49%18.50%11.16%220.88%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-254.3-274.9-547-676.5-423.5-91.8
Sale of Property, Plant & Equipment
---195.7279-
Purchases of Intangible Assets
--185.3---33.3-
Cash Acquisitions
----241.3-2,919-
Other Investing Activities
-13.3-11.31.84.1-7.4-8.6
Investing Cash Flow
-452.5-471.5-545.2-718-3,104-100.4

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
1,1231,098965.51,7712,862780.8
Long-Term Debt Repaid
-1,080-881.7-900.8-1,536-205.4-430.9
Net Long-Term Debt Issued (Repaid)
43.4216.464.7235.12,657349.9
Repurchase of Common Stock
340.8427.818655.9174.9297.5
Net Common Stock Issued (Repurchased)
340.8427.818655.9174.9297.5
Common Dividends Paid
-30.8-30.8-29.2-27.1-26-24.8
Other Financing Activities
-16.9-20.3-46.1-22.8-40.1-28.1
Financing Cash Flow
-346.5-262.5-196.6129.32,416-0.5

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
18.835.830.917.1-150.9234.6

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
563.5494.9224.7-71.287.3367.7
Free Cash Flow Growth
92.98%120.25%---76.26%-
FCF Margin
19.13%16.91%8.22%-2.89%4.82%23.02%
Free Cash Flow Per Share
7.956.893.01-0.941.134.69
Levered Free Cash Flow
299.1561.4202.4159.32,855569.2
Unlevered Free Cash Flow
493.82454.63239.36-74.17-9.64176.38
SEC Filings: 10-K · 10-Q