Churchill Downs, Inc. (OQ:CHDN)

Business Focus: Casinos & Gaming

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
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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

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