CHDN - NASDAQ
Churchill Downs Incorporated
$86.00
+1.1%Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
At a Glance
Live SnapshotChurchill Downs Incorporated Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
Churchill Downs Incorporated Cash Flow Statement
CHDN • NASDAQ
| Churchill Downs Incorporated Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
385.5M | 429.1M | 417.3M | 439.4M | 249.1M | -82.1M | 137.2M | 352.8M | 140.5M | 108.1M | 65.2M | 46.4M | 54.9M | 58.3M | 64.4M | 16.4M | 16.8M | 28.5M | 15.7M | 29.8M | |
239.5M | 204.7M | 175.2M | 119M | 108.5M | 97.9M | 101M | 64M | 114.6M | 125.8M | 119.4M | 68.3M | 61.8M | 55.6M | 55.2M | 46.5M | 30.3M | 28.8M | 23.3M | 20.9M | |
86.8M | 44.5M | 47.4M | 108.7M | 9.8M | 1.1M | 31.5M | 36.5M | -65M | 35.4M | -3.4M | 14.8M | 5.3M | 9.7M | 14.1M | 8.6M | -168K | 5.7M | -818K | 2M | |
30.2M | 36.1M | 32.9M | 31.8M | 27.8M | 23.7M | 23.8M | 21.1M | 27.1M | 18.9M | 13.8M | 11.9M | 21.5M | 7.6M | 5.5M | 4.8M | 2.8M | 0.0 | 0.0 | 0.0 | |
32.9M | 8.4M | -74.7M | -198.7M | -137.2M | 25M | -9.7M | -285.8M | 38.2M | -41.7M | 37.9M | 982K | 4.5M | 2.5M | 981K | -979K | 875K | 4.2M | 5M | 23.3M | |
(0.0) | (108.2M) | (99.1M) | (68.6M) | (72.4M) | (1.6M) | (23.5M) | (48.6M) | (75.9M) | (32.4M) | (41.5M) | (17M) | (31.3M) | (24.5M) | (24.8M) | (11.8M) | (8M) | (0.0) | (0.0) | (0.0) | |
-5.1M | 49.9M | 7.7M | 36.6M | 77.5M | 76.3M | 5.8M | 9.2M | -37.2M | -19.7M | 31.7M | -747K | -3M | 10.8M | 33M | -15.5M | 20.4M | 8.5M | 5.1M | -9.4M | |
769.8M | 772.7M | 605.8M | 536.8M | 335.5M | 141.9M | 289.6M | 197.8M | 218.2M | 226.8M | 264.5M | 141.6M | 144.9M | 144.4M | 173.2M | 59.9M | 71M | 78.2M | 51.2M | 69.5M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | (0.0) | -676.5M | -456.8M | -91.8M | -234.2M | -163.3M | -149.4M | -116.9M | -57.2M | -45.8M | -56.7M | -51.4M | -43.5M | -24.9M | -64.7M | -85.2M | -40.2M | -45.6M | -46.6M | |
-185.3M | (0.0) | -241.3M | -2.9B | (0.0) | (0.0) | -616.7M | (983.8M) | -48.2M | -6.2M | (4.6M) | -384M | -225.4M | -162.8M | (0.0) | -169.7M | -3.5M | -5.5M | -88.3M | -435K | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -410.1M | (0.0) | -24M | (57.2M) | -24.5M | -602K | -902K | -2.2M | -1.2M | -631K | -2.5M | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 410.1M | 0.0 | 0.0 | 1.8M | 183K | -2.3M | -2.7M | -1.4M | 0.0 | 2.8M | 3.3M | 0.0 | 0.0 | 0.0 | |
-286.2M | -545.2M | 199.8M | 271.6M | -8.6M | -5.2M | -1.2M | -10.3M | 11.5M | -46.3M | 30K | 3.2M | -1.5M | 9.9M | -955K | -2.7M | -3.2M | -3.5M | -2.6M | 15K | |
-471.5M | -545.2M | -718M | -3.1B | -100.4M | -239.4M | -781.2M | (824.1M) | -153.6M | -50.7M | -65.5M | -440.3M | -281.9M | -200M | -27.1M | -234.9M | -91.2M | -49.2M | -136.5M | -47M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-427.8M | -186M | -55.9M | -174.9M | -297.5M | -28.4M | -95M | -531.4M | -180.9M | -36.8M | -146.4M | -69.2M | -9.6M | 1.3M | -583K | -380K | 220K | 297K | 2.3M | 7.9M | |
213.8M | 53.8M | 237.1M | 2.7B | 339.4M | 159.1M | 596M | -300.7M | 214.6M | 138.7M | 18.4M | 401.2M | 159.5M | 82.7M | -137.7M | 195.5M | 30.4M | -26.2M | 73.1M | -15.6M | |
-30.8M | -29.2M | -27.1M | -26M | -24.8M | -23.4M | -22.2M | -23.7M | -21.5M | -19.1M | -17.4M | -15.2M | (0.0) | -22.5M | -8.2M | -6.8M | -6.8M | -6.8M | -6.7M | -6.5M | |
-427.8M | -186M | -55.9M | -174.9M | -297.5M | -28.4M | -95M | -547M | -190.9M | -39M | -147.6M | -76.6M | -10.7M | -5.1M | -1.3M | -944K | -235K | -151K | -838K | (0.0) | |
-17.7M | -35.2M | -24.8M | -53.4M | -17.6M | -31.3M | -18M | -63.4M | -63.8M | -282.5M | -44M | 5.1M | -4.3M | 3.9M | 798K | 13K | -2.7M | 936K | 3.7M | -2.7M | |
-262.5M | -196.6M | 129.3M | 2.4B | -500K | 76M | 460.8M | -933.3M | -59.5M | -201.9M | -190.6M | 322M | 144.5M | 65.4M | -145.7M | 188.3M | 21.1M | -31.7M | 72.5M | -16.9M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -800K | 500K | 0.0 | -1.8M | -132K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
35.8M | 30.9M | 17.1M | -150.9M | 234.6M | -21.5M | -30.8M | 87.8M | 5.6M | -25.8M | 6.6M | 23.2M | 7.5M | 9.9M | 424K | 13.3M | 985K | -2.7M | -12.7M | 5.6M | |
252.7M | 221.8M | 204.7M | 355.6M | 121M | 142.5M | 173.3M | 85.5M | 48.7M | 74.5M | 67.9M | 44.7M | 37.2M | 27.3M | 26.9M | 13.6M | 12.7M | 15.3M | 28.1M | 22.5M | |
288.5M | 252.7M | 221.8M | 204.7M | 355.6M | 121M | 142.5M | 173.3M | 54.3M | 48.7M | 74.5M | 67.9M | 44.7M | 37.2M | 27.3M | 26.9M | 13.6M | 12.7M | 15.3M | 28.1M | |
494.9M | 225.7M | -70.7M | 80M | 243.7M | -92.3M | 126.3M | 48.4M | 101.3M | 169.6M | 218.8M | 84.9M | 93.5M | 100.9M | 148.3M | -4.8M | -14.1M | 38.1M | 5.6M | 22.9M |
SEC Filings
CHDN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | April 22, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 12, 2026 | April 21, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 25, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 25, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 22, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 22, 2025 | October 22, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 27, 2025 | August 27, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 23, 2025 | July 23, 2025 | 2025 |
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