Churchill Downs Incorporated (CHDN) quarterly balance sheet — complete assets, liabilities & equity history
Churchill Downs Incorporated (CHDN) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 418M | 484M | 452M | 443.2M | 414.9M | 464M | 452.4M | 412.3M | 387.4M | 436M | 416M | 400.8M | 370.6M | 583.2M | 377.5M | 344.5M | 1.81B | 2B | 520.3M | 501.5M |
| Cash & Short-Term Investments | 167M | 196M | 200M | 288.5M | 180.5M | 182.4M | 174.2M | 175.5M | 152.7M | 140.3M | 149.4M | 144.5M | 129.9M | 374M | 173.9M | 129.8M | 110.6M | 310.2M | 294.5M | 291.3M |
| Cash Only | 167M | 196M | 200M | 288.5M | 180.5M | 182.4M | 174.2M | 175.5M | 152.7M | 140.3M | 149.4M | 144.5M | 129.9M | 374M | 173.9M | 129.8M | 110.6M | 310.2M | 294.5M | 291.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 106M | 129M | 105M | 110.5M | 89.7M | 118.4M | 108.6M | 113.2M | 93.2M | 136.1M | 115M | 119.5M | 108.1M | 79.5M | 74M | 95.5M | 69.4M | 65.4M | 105.8M | 108.3M |
| Days Sales Outstanding | 15.53 | 10.86 | 14.63 | 13.83 | 14.02 | 11.05 | 15.53 | 15.21 | 16.78 | 12.83 | 18.06 | 18.66 | 15.07 | 9.09 | 13.63 | 15.8 | 16.19 | 13.37 | 26.46 | 26.93 |
| Inventory | 11M | 11M | 11M | 0 | 0 | 12.6M | 11.6M | 11.6M | 0 | 0 | 0 | 17.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 2.07 | 2.13 | 2.15 | - | - | 2.03 | 2.3 | 2.4 | - | - | - | 3.95 | - | - | - | - | - | - | - | - |
| Other Current Assets | 93M | 101M | 94M | 44.2M | 144.7M | 106.3M | 100.9M | 81.9M | 141.5M | 159.6M | 151.6M | 86.2M | 132.6M | 129.7M | 129.6M | 119.2M | 1.63B | 1.63B | 120M | 101.9M |
| Total Non-Current Assets | 7.05B | 7.04B | 7.03B | 7.04B | 7.04B | 6.91B | 6.89B | 6.86B | 6.79B | 6.73B | 6.65B | 6.55B | 6.38B | 6B | 5.9B | 5.86B | 2.87B | 2.61B | 2.52B | 2.48B |
| Property, Plant & Equipment | 2.92B | 2.91B | 2.91B | 314.5M | 2.93B | 2.92B | 2.91B | 2.87B | 2.81B | 2.75B | 2.67B | 2.56B | 2.38B | 2.23B | 2.1B | 1.98B | 1.24B | 1.13B | 1.04B | 994.9M |
| Fixed Asset Turnover | 0.24x | 0.34x | 0.41x | 0.41x | 0.23x | 0.32x | 0.22x | 0.22x | 0.23x | 0.33x | 0.23x | 0.23x | 0.25x | 0.36x | 0.27x | 0.30x | 0.32x | 0.54x | 0.36x | 0.36x |
| Goodwill | 900M | 900M | 900M | 900.2M | 900.2M | 900.2M | 900.2M | 900.2M | 900.2M | 900.2M | 900.2M | 899.9M | 899.9M | 722.9M | 724.1M | 723.8M | 375.7M | 366.8M | 366.8M | 366.8M |
| Intangible Assets | 2.51B | 2.51B | 2.52B | 2.52B | 2.52B | 2.41B | 2.41B | 2.41B | 2.41B | 2.41B | 2.42B | 2.42B | 2.42B | 2.36B | 2.39B | 2.39B | 485M | 352.8M | 351.9M | 348.1M |
| Long-Term Investments | 694M | 690M | 685M | 684.6M | 674.9M | 668.8M | 663.1M | 661.2M | 650.2M | 648.8M | 647.8M | 655.9M | 660.1M | 644.8M | 651.9M | 659.4M | 661M | 658.7M | 655.5M | 663.6M |
| Other Non-Current Assets | 24M | 23M | 22M | 2.63B | 21.5M | 19.3M | 17.8M | 18.3M | 17.5M | 18.3M | 19.3M | 19.3M | 19M | 32.9M | 34M | 109M | 105.2M | 106.3M | 106.6M | 106.7M |
| Total Assets | 7.47B | 7.52B | 7.49B | 7.48B | 7.45B | 7.38B | 7.35B | 7.28B | 7.17B | 7.17B | 7.07B | 6.96B | 6.75B | 6.58B | 6.27B | 6.21B | 4.67B | 4.62B | 3.04B | 2.98B |
| Asset Turnover | 0.09x | 0.13x | 0.09x | 0.09x | 0.09x | 0.13x | 0.09x | 0.09x | 0.09x | 0.13x | 0.08x | 0.08x | 0.09x | 0.12x | 0.09x | 0.09x | 0.08x | 0.15x | 0.12x | 0.12x |
| Asset Growth % | 0.16% | 1.97% | 1.88% | 2.87% | 3.94% | 2.87% | 3.97% | 4.61% | 6.25% | 8.99% | 12.65% | 12.06% | 44.42% | 42.41% | 106.58% | 108.17% | 57.19% | 55.51% | 8.96% | 10.99% |
| Total Current Liabilities | 1.32B | 1.36B | 836M | 733.3M | 725.2M | 772.1M | 846.1M | 729.3M | 710.1M | 763.2M | 837.2M | 755.8M | 669.9M | 648M | 694.4M | 621.6M | 491.7M | 528.4M | 432.2M | 395M |
| Accounts Payable | 221M | 261M | 218M | 184.3M | 194M | 231M | 207.1M | 180.3M | 182.4M | 215M | 187.8M | 158.5M | 169M | 164.2M | 145.3M | 145.5M | 109.1M | 139.1M | 96.9M | 81.6M |
| Days Payables Outstanding | 45.34 | 46.27 | 39.36 | 37.09 | 40.84 | 36.76 | 38.48 | 37.53 | 41.27 | 36.46 | 38.84 | 37.64 | 37.52 | 29.98 | 33.77 | 33.58 | 40.7 | 31.29 | 29.65 | 28.44 |
| Short-Term Debt | 659M | 663M | 63M | 71.5M | 63.1M | 63.1M | 63.1M | 63.1M | 63.1M | 68M | 68M | 68M | 68M | 68M | 72M | 47M | 7M | 7M | 7M | 7M |
| Deferred Revenue (Current) | 36M | 27M | 158M | 54.7M | 27.8M | 17.5M | 146.8M | 52.9M | 26.8M | 19.2M | 153.3M | 73.2M | 30.5M | 25.8M | 120.8M | 39M | 14.5M | 12.1M | 104M | 47.7M |
| Other Current Liabilities | 3M | 155M | 147M | 368M | 153.8M | 171M | 157.7M | 151.2M | 185.4M | 202.4M | 183.5M | 149.9M | 171.6M | 168.1M | 159.7M | 163.8M | 134.5M | 179.6M | 155M | 122.2M |
| Current Ratio | 0.32x | 0.36x | 0.54x | 0.60x | 0.57x | 0.60x | 0.53x | 0.57x | 0.55x | 0.57x | 0.50x | 0.53x | 0.55x | 0.90x | 0.54x | 0.55x | 3.67x | 3.79x | 1.20x | 1.27x |
| Quick Ratio | 0.31x | 0.35x | 0.53x | 0.60x | 0.57x | 0.58x | 0.52x | 0.55x | 0.55x | 0.57x | 0.50x | 0.51x | 0.55x | 0.90x | 0.54x | 0.55x | 3.67x | 3.79x | 1.20x | 1.27x |
| Cash Conversion Cycle | -27.74 | -33.28 | -22.58 | - | - | -23.67 | -20.64 | -19.92 | - | - | - | -15.03 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.74B | 4.77B | 5.5B | 5.7B | 5.65B | 5.54B | 5.41B | 5.44B | 5.35B | 5.36B | 5.4B | 5.31B | 5.19B | 5.08B | 4.87B | 5.03B | 3.57B | 3.49B | 2.29B | 2.28B |
| Long-Term Debt | 4.06B | 4.11B | 4.87B | 5.07B | 5.04B | 4.94B | 4.81B | 4.84B | 4.77B | 4.79B | 4.86B | 4.77B | 4.65B | 4.55B | 4.35B | 4.56B | 3.17B | 3.15B | 1.96B | 1.96B |
| Capital Lease Obligations | 0 | 0 | 0 | 58.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 582M | 562M | 539M | 519.9M | 490.8M | 436.2M | 432.8M | 432.7M | 417.8M | 407.9M | 393.1M | 388.2M | 386.1M | 373.2M | 374M | 340.8M | 279.6M | 273.3M | 263.1M | 252.9M |
| Other Non-Current Liabilities | 85M | 99M | 86M | 34.6M | 98.1M | 142.7M | 141.2M | 146.5M | 139M | 140.6M | 138.9M | 137.8M | 141.5M | 142.7M | 138.4M | 122.4M | 104.4M | 49.8M | 50.6M | 52.6M |
| Total Liabilities | 6.06B | 6.13B | 6.34B | 6.43B | 6.38B | 6.31B | 6.25B | 6.17B | 6.06B | 6.12B | 6.24B | 6.06B | 5.86B | 5.72B | 5.57B | 5.66B | 4.06B | 4.02B | 2.72B | 2.67B |
| Total Debt | 4.73B | 4.78B | 4.94B | 5.2B | 5.11B | 5.01B | 4.89B | 4.92B | 4.83B | 4.86B | 4.93B | 4.84B | 4.72B | 4.62B | 4.42B | 4.61B | 3.18B | 3.16B | 1.97B | 1.97B |
| Net Debt | 4.56B | 4.58B | 4.74B | 4.91B | 4.93B | 4.83B | 4.71B | 4.74B | 4.68B | 4.72B | 4.78B | 4.7B | 4.59B | 4.25B | 4.25B | 4.48B | 3.07B | 2.85B | 1.67B | 1.68B |
| Debt / Equity | 3.37x | 3.44x | 4.31x | 4.92x | 4.74x | 4.71x | 4.47x | 4.46x | 4.34x | 4.64x | 5.96x | 5.42x | 5.31x | 5.41x | 6.28x | 8.35x | 5.19x | 5.24x | 6.19x | 6.41x |
| Debt / EBITDA | 23.19x | 11.47x | 24.44x | 27.88x | 32.72x | 12.94x | 25.21x | 27.06x | 27.32x | 12.77x | 28.22x | 31.29x | 30.33x | 17.19x | 27.64x | 37.14x | 34.69x | 13.93x | 23.50x | 27.76x |
| Net Debt / EBITDA | 22.37x | 11.00x | 23.45x | 26.33x | 31.57x | 12.47x | 24.31x | 26.09x | 26.46x | 12.40x | 27.36x | 30.36x | 29.50x | 15.80x | 26.56x | 36.10x | 33.48x | 12.56x | 19.98x | 23.65x |
| Interest Coverage | 2.61x | 5.69x | 2.57x | 2.10x | 1.81x | 4.94x | 2.33x | 1.57x | 2.18x | 5.00x | 2.45x | 2.02x | 2.20x | 4.06x | 4.23x | 0.94x | 3.03x | 14.67x | 3.75x | 3.49x |
| Total Equity | 1.4B | 1.39B | 1.14B | 1.06B | 1.08B | 1.06B | 1.09B | 1.1B | 1.11B | 1.05B | 826.9M | 893.6M | 888.7M | 853.8M | 704.2M | 551.5M | 612.7M | 602.9M | 317.8M | 306.8M |
| Equity Growth % | 30.02% | 30.72% | 4.66% | -4.31% | -3.21% | 1.63% | 32.19% | 23.47% | 25.45% | 22.63% | 17.42% | 62.03% | 45.05% | 41.62% | 121.59% | 79.76% | 80.84% | 89.95% | 57.17% | -16.43% |
| Book Value per Share | 20.04 | 19.87 | 16.34 | 14.70 | 15.20 | 14.72 | 14.69 | 14.79 | 14.95 | 14.03 | 11.07 | 11.79 | 11.53 | 11.10 | 9.24 | 7.24 | 7.98 | 7.81 | 4.10 | 3.93 |
| Total Shareholders' Equity | 1.38B | 1.34B | 1.1B | 1.01B | 1.03B | 1.04B | 1.07B | 1.08B | 1.1B | 1.03B | 826.9M | 893.6M | 888.7M | 853.8M | 704.2M | 551.5M | 612.7M | 602.9M | 317.8M | 306.8M |
| Common Stock | 0 | 7M | 3M | 0 | 0 | 0 | 0 | 0 | 1.7M | 0 | 0 | 0 | 0 | 8M | 4.7M | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.38B | 1.33B | 1.09B | 1.01B | 1.04B | 1.04B | 1.07B | 1.08B | 1.1B | 1.03B | 827.8M | 894.5M | 889.6M | 846.7M | 700.4M | 552.4M | 613.6M | 603.8M | 318.7M | 307.7M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1M | -1M | -1M | -1M | -1M | -1M | -1M | -1M | -1M | -1M | -900K | -900K | -900K | -900K | -900K | -900K | -900K | -900K | -900K | -900K |
| Minority Interest | 24M | 50M | 48M | 46.1M | 44.2M | 22.5M | 21.4M | 19.7M | 17.9M | 16.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |