Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 600 N Hurstbourne Pkwy Ste 400 LOUISVILLE KY 40222-5389 |
Tel: | 1-502-3941091 |
Website: | https://www.churchilldownsincorporated.com |
IR: | See website |
Key People | ||
William E. Mudd President, Chief Operating Officer | William C. Carstanjen Chief Executive Officer, Director | Marcia A. Dall Chief Financial Officer, Executive Vice President |
Bradley K. Blackwell Executive Vice President, General Counsel | Maureen Adams Executive Vice President - Gaming Operations |
Business Overview |
Churchill Downs Incorporated is a racing, online wagering and gaming entertainment company, which is anchored by its flagship event, the Kentucky Derby. The Company owns and operates 14 live and historical racing entertainment venues in three states and nine casino gaming properties in eight states and 13 retail sportsbooks. It also operates an online horse racing wagering platform in the United States. Its segments include Live and Historical Racing, TwinSpires, and Gaming. Live and Historical Racing segment includes live and historical pari-mutuel racing at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia and New Hampshire. The TwinSpires segment includes the TwinSpires Horse Racing, the TwinSpires Sports and Casino and the United Tote businesses. It also provides technology to support historical horse racing operations in Kentucky, Wyoming and New Hampshire. Gaming segment is engaged in the casino properties and associated racetrack facilities. |
Financial Overview |
For the fiscal year ended 31 December 2023, Churchill Downs, Inc. revenues increased 36% to $2.46B. Net income before extraordinary items decreased 5% to $417.3M. Revenues reflect Churchill Downs Racetrack segment increase of 5% to $205.8M, TwinSpires segment increase of 2% to $444.9M. Net income was offset by Gain on the sale of assets decrease of 58% to $114M (income), Interest Expense - Balancing value increase of 82% to $266.8M (expense). |
Employees: | 5,660 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $13,792M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,462M as of Dec 31, 2023 |
EBITDA (TTM): | $765.90M as of Dec 31, 2023 |
Net annual income (TTM): | $417.30M as of Dec 31, 2023 |
Free cash flow (TTM): | -$97.80M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $4,692M as of Dec 31, 2023 |
Shares outstanding: | 73,689,247 as of Mar 1, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |