CHDN - Intrinsic Value and Financial Analysis - Churchill Downs Incorporated

Churchill Downs Incorporated CHDN

Consumer Cyclical - Gambling, Resorts & Casinos - NASDAQ - US

Watchlist

$ 138.91

-1.42 %

$ 10.2 B

Market Cap

25.16

P/E

BALANCE SHEET

6.96 B ASSETS

Growth Rates

1Year 12.06%

3Years 37.32%

5Years 32.16%

7Years 17.46%

10Years 17.79%

6.06 B LIABILITIES

Growth Rates

1Year 7.19%

3Years 37.75%

5Years 37.09%

7Years 21.29%

10Years 25.07%

894 M EQUITY

Growth Rates

1Year 62.03%

3Years 34.52%

5Years 13.55%

7Years 3.87%

10Years 2.40%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Churchill Downs Incorporated

6.96 B ASSETS
6.06 B LIABILITIES

Current Assets	401 M
Cash & Short-Term Investments	144 M
Receivables	120 M
Other Current Assets	137 M
Non-Current Assets	6.55 B
Long-Term Investments	656 M
PP&E	2.56 B
Other Non-Current Assets	3.34 B

Current Liabilities	756 M
Accounts Payable	158 M
Short-Term Debt	75.9 M
Other Current Liabilities	521 M
Non-Current Liabilities	5.31 B
Long-Term Debt	4.83 B
Other Non-Current Liabilities	481 M

Balance Sheet

Millions

	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	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993
ASSETS
Cash & Cash Equivalents	144.5	129.8	291.3	67.4	96.2	133.3	51.7	48.7	74.5	67.9	44.7	37.2	27.3	26.9	13.6	12.7	15.3	20.8	22.7	27.7	16.4	14.7	15.7	10.8	29.1	6.4	9.3	8.2	5.9	2.5	11.1
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	119.5	95.5	108.3	85.9	51.8	45.8	85.2	77.8	61.6	105.3	59.0	50.1	53.5	45.0	33.4	57.8	59.7	54.5	42.8	50.5	36.7	34.4	28.5	32.5	24.3	12.0	7.1	5.2	2.1	2.3	3.7
Inventory	0	74.9	64.3	53.6	46.3	40.0	100.3	34.3	29.7	43.8	45.0	46.5	53.3	78.0	41.5	19.6	17.8	19.0	8.9	11.2	5.4	5.4	10.5	0	0	0	0.5	0	0.5	0	0
Other Current Assets	136.8	119.2	101.9	81.8	73.2	62.4	119.2	88.6	49.9	69.2	57.0	13.4	19.1	36.2	57.5	16.3	16.9	40.6	12.8	4.0	4.1	11.4	15.5	11.9	2.7	1.0	0	0.7	0	0.7	0.7
Total Current Assets	400.8	344.5	501.5	235.1	221.2	241.5	256.1	246.0	222.8	241.7	160.7	147.1	144.5	170.0	104.6	100.5	103.3	128.5	83.3	93.4	62.6	60.5	59.7	55.3	56.1	19.4	16.9	14.1	8.5	5.5	15.5
PP&E	2 561.2	1 978.3	994.9	1 082.1	937.3	757.5	608.0	574.4	573.2	595.3	585.5	542.9	477.4	507.5	458.2	375.4	358.0	336.1	346.5	458.6	367.2	338.4	339.4	342.8	274.9	83.1	63.2	62.9	64.3	59.6	39.3
Intangible Assets	2 418.4	2 391.8	348.1	350.6	369.8	264.0	169.4	452.0	496.2	550.0	198.1	143.1	103.8	113.4	34.3	32.9	39.1	16.0	71.7	72.7	59.7	59.7	61.5	63.8	62.3	8.4	0	0	0	0	0
Goodwill	899.9	723.8	366.8	366.8	367.1	338.0	317.6	832.2	841.7	839.5	300.6	250.4	213.7	214.5	115.3	115.3	108.3	53.5	0	0	0	52.2	0	0	0	0	0	0	0	0	0
Long Term Investments	655.9	659.4	663.6	630.6	634.5	108.1	171.3	139.1	129.7	109.5	86.2	(8.2)	0	0	0	0	(6.5)	(6.3)	0	0	0	(2.2)	(15.1)	0	0	0	0	0	0	0	0
Other Long Term Assets	19.3	54.8	74.2	(39.6)	(3.3)	(62.1)	789.4	10.7	13.8	6.5	12.2	30.8	8.7	12.3	12.9	13.5	16.1	12.1	13.0	17.2	15.9	10.6	10.1	8.1	4.7	3.8	5.7	3.7	4.7	5.1	2.0
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6 955.5	6 206.8	2 981.6	2 686.4	2 551.0	1 725.2	2 359.4	2 254.4	2 277.4	2 360.3	1 352.3	1 114.3	948.0	1 017.7	725.4	637.7	624.8	546.3	514.5	642.0	505.5	469.2	470.7	470.0	398.0	114.7	85.8	80.7	77.5	70.2	56.8
LIABILITIES
Accounts Payable	158.5	145.5	81.6	70.7	57.8	47.0	54.1	49.5	39.1	45.2	43.1	47.8	56.5	47.7	38.8	40.7	32.0	21.5	27.2	45.6	35.1	31.2	42.7	34.9	14.8	6.5	5.7	7.6	6.5	4.6	2.2
Short Term Debt	75.9	47.0	7.0	4.0	4.0	4.0	4.0	14.2	16.2	11.2	1.0	215.8	5.5	5.7	27.8	0	0	0	0	0	6.1	0.5	0.6	2.3	0.6	100 K	100 K	100 K	100 K	0.7	100 K
Other Current Liabilities	448.2	388.0	257.8	349.5	196.9	205.6	395.1	404.4	584.3	261.7	169.1	84.6	78.0	70.2	61.5	61.5	63.4	79.2	(0.2)	41.1	45.1	38.4	35.8	38.2	39.9	20.6	19.1	17.1	12.3	10.4	14.0
Total Current Liabilities	755.8	621.6	395.0	424.2	301.2	256.6	453.2	468.1	640.1	334.0	213.2	406.6	173.5	188.6	185.0	130.4	120.8	126.9	119.3	112.6	104.4	85.7	94.3	86.8	55.3	27.2	24.9	24.8	18.9	15.7	16.3
Long Term Debt	4 825.1	4 599.9	1 961.0	1 618.3	1 491.1	880.3	1 125.2	817.6	765.5	752.9	369.2	0	127.6	280.2	85.8	57.4	82.2	13.4	33.8	242.8	121.1	122.8	132.8	155.7	180.9	13.5	2.6	2.9	6.4	8.0	0.5
Deferred Tax Income	388.2	340.8	252.9	213.9	212.8	78.2	40.6	153.1	127.9	149.5	30.6	24.6	15.6	9.4	11.8	19.5	14.1	13.1	5.7	8.7	13.3	13.1	15.1	15.2	15.5	6.9	2.4	2.3	2.4	2.2	1.4
Other Liabilities	81.0	81.2	52.6	45.8	18.2	15.7	70.8	16.3	126.7	401.1	17.8	21.0	29.5	17.8	19.1	36.5	20.5	22.5	39.6	39.5	11.7	12.6	11.3	9.8	8.2	1.9	2.5	2.9	3.1	2.2	1.6
Total Liabilities	6 061.9	5 655.3	2 674.8	2 319.3	2 040.0	1 251.9	1 719.1	1 569.4	1 660.2	1 660.3	647.5	470.0	364.0	511.5	318.4	243.8	257.3	196.2	198.3	403.5	250.5	234.2	253.5	267.5	259.9	49.5	32.4	32.9	30.8	28.1	19.8
EQUITY
Common Stock	0	0	0	18.2	0	0	7.3	116.5	134.0	262.3	296.0	274.7	0	0	0	0	137.8	128.9	121.3	114.9	128.6	126.0	124.8	123.2	71.6	0	0	0	0	0	0
Retained Earnings	894.5	552.4	307.7	349.8	509.2	474.2	634.3	569.7	483.8	437.8	408.8	369.6	323.8	269.7	261.6	251.6	229.8	221.1	198.0	125.6	126.8	109.2	94.8	79.3	66.7	56.6	49.8	44.4	43.5	39.2	34.9
Other Accumulative Comprehensive Income/Loss	(0.9)	(0.9)	(0.9)	(0.9)	(0.9)	(0.9)	(1.3)	(1.2)	(0.6)	(0.1)	0	0	0	0	0	0	0	0	(3.0)	(2.1)	(0.4)	(0.3)	(2.4)	65 K	(0.2)	0	0	0	0	0	0
Total Equity	893.6	551.5	306.8	367.1	511.0	473.3	640.3	685.0	617.2	700.0	704.8	644.3	584.0	506.2	407.0	393.9	367.6	350.1	316.2	238.4	255.0	235.0	217.2	202.5	138.1	65.2	53.4	47.8	46.7	42.1	37.0
Total Liabilities and Equity	6 955.5	6 206.8	2 981.6	2 686.4	2 551.0	1 725.2	2 359.4	2 254.4	2 277.4	2 360.3	1 352.3	1 114.3	948.0	1 017.7	725.4	637.7	624.8	546.3	514.5	642.0	505.5	469.2	470.7	470.0	398.0	114.7	85.8	80.7	77.5	70.2	56.8
SHARES OUTSTANDING
Common Shares Outstanding	75.2	75.8	77.2	79.2	80.2	82.6	94.2	98.4	103.3	103.6	103.8	102.3	99.8	91.1	81.5	81.2	80.7	79.0	77.5	79.8	81.4	92.2	71.9	65.3	51.6	44.8	43.9	44.8	45.4	45.4	45.4

Balance Sheet

Premium Plan

Unlimited Plan