Churchill Downs Incorporated (CHDN) quarterly cash flow statement — complete operating, investing & financing history
Churchill Downs Incorporated (CHDN) cash flow statement — 30-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | 148M | 217M | 295M | 96M | 186.8M | 240M | 247M | 130.6M | 169.4M | 218M | 254.7M | 106.5M | 96.2M | 187.2M | 215.9M | 112.3M | 43.7M | 245.6M | 135.2M | 68.5M |
| Operating CF Margin % | 21.26% | 22.14% | 44.49% | 14.42% | 27.35% | 25.68% | 38.44% | 20.92% | 26.95% | 24.48% | 43.1% | 18.98% | 16.8% | 24.36% | 38.59% | 23.39% | 11.41% | 42.16% | 37.13% | 18.78% |
| Operating CF Growth % | -20.77% | -9.58% | 19.43% | -26.49% | 10.27% | 10.09% | -3.02% | 22.63% | 76.09% | 16.45% | 17.97% | -5.16% | 120.14% | -23.78% | 59.69% | 63.94% | -22.93% | 6.74% | 782.83% | 1389.13% |
| Net Income | 80M | 242M | 83M | 51.5M | 39M | 218M | 77M | 72.3M | 66.2M | 210.2M | 80.4M | 57.6M | 61M | 143M | 155.7M | 1M | 57M | 339.3M | 42.1M | 43.3M |
| Depreciation & Amortization | 61M | 60M | 58M | 61.2M | 58.3M | 59.9M | 59.2M | 54.9M | 51M | 50.5M | 48.3M | 48.6M | 43.4M | 43.1M | 40.1M | 36.4M | 28.7M | 27.5M | 26.4M | 26.3M |
| Stock-Based Compensation | 6M | 8M | 5M | 12M | 7.2M | 7M | 4M | 12.9M | 7.1M | 8.9M | 7.2M | 8.1M | 8.1M | 8.1M | 8.6M | 8.3M | 9.1M | 7.4M | 7M | 7.4M |
| Deferred Taxes | 20M | 23M | 19M | 28.7M | 54.1M | 4M | 0 | 14.9M | 9.9M | 14.8M | 4.9M | 2.1M | 12.9M | -800K | 33.2M | 82M | 6.3M | 10.2M | 10.2M | -3M |
| Other Non-Cash Items | 1M | -2M | 2M | -8.9M | 42.8M | -1.9M | 1.8M | -10.5M | 6.9M | 3.1M | 8.9M | -8.4M | 4.5M | 34.9M | -105.7M | 62.7M | 500K | -275.4M | 14.2M | -5M |
| Working Capital Changes | -20M | -114M | 128M | -48.5M | -14.6M | -47M | 105M | -13.9M | 28.3M | -69.5M | 105M | -1.5M | -33.7M | -41.1M | 84M | -78.1M | -57.9M | 136.6M | 35.3M | -500K |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50.6M | 0 | 0 | 0 | 0 |
| Cash from Investing | -59M | -58M | -61M | -50.1M | -255.4M | -86M | -80M | -129.4M | -125.7M | -136.7M | -153.4M | -168.5M | -430.5M | -173.5M | 54.5M | -3B | -211.6M | 167.4M | -62.8M | -45.2M |
| Capital Expenditures | -59M | -58M | -59M | -50.3M | -244.9M | -85M | -80M | -129.4M | -125.6M | -137M | -155M | -178.4M | -185.7M | -177.7M | -134.7M | -159.8M | -129.9M | -111.6M | -55.5M | -39.7M |
| CapEx % of Revenue | 8.48% | 5.92% | 8.9% | 7.55% | 35.86% | 9.1% | 12.45% | 20.73% | 19.98% | 15.38% | 26.23% | 31.79% | 32.44% | 23.12% | 24.08% | 33.28% | 33.91% | 19.16% | 15.24% | 10.88% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.56B | -115M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -2M | 200K | -10.5M | -1M | 0 | 0 | -100K | 300K | 1.6M | 9.9M | -244.8M | 4.2M | 189.2M | -279.1M | 33.3M | 279M | -7.3M | -5.5M |
| Cash from Financing | -125M | -155M | -232M | -25.9M | 50.4M | -139M | -148M | 20.1M | -43.2M | -72.4M | -101.1M | 90.6M | 86.4M | 190M | -237.7M | 1.4B | -38.4M | 1.13B | -68M | -54M |
| Debt Issued (Net) | -47M | -154M | -198M | 21.7M | 102.4M | 116M | -26M | 68.4M | -36.3M | -58.5M | 80.2M | 112M | 119.4M | 203.9M | -196.2M | 1.46B | 19.4M | 1.2B | -4.8M | 1.2M |
| Equity Issued (Net) | -44M | 0 | 0 | -32M | -54.8M | -254M | -87M | -27.3M | -4M | -13M | -141.7M | -20.1M | -35.3M | -1.9M | -500K | -31.4M | -59M | -60.2M | -24.3M | -55.1M |
| Dividends Paid | 0 | 0 | -31M | -600K | -200K | 1M | -31M | -500K | 100K | -200K | -28.6M | -300K | -100K | 0 | -26.7M | -300K | 0 | 0 | -25.7M | 0 |
| Share Repurchases | -44M | 0 | 0 | -32M | -54.8M | -254M | -87M | -27.3M | -4M | -13M | -141.7M | -20.1M | -35.3M | -1.9M | -500K | -31.4M | -59M | -60.2M | -24.3M | -55.1M |
| Other Financing | -34M | -1M | -3M | -15M | 3M | -2M | -4M | -20.5M | -3M | -700K | -11M | -1M | 2.4M | -12M | -14.3M | -29.8M | 1.2M | -11.6M | -13.2M | -100K |
| Net Change in Cash | -36M | 4M | 2M | 20M | -17.5M | 15M | 19M | 21.3M | 500K | 8.9M | 200K | 28.6M | -247.9M | 203.7M | 32.7M | -1.49B | -206.3M | 1.54B | 4.4M | -30.7M |
| Free Cash Flow | 89M | 159M | 236M | 45.7M | -58.1M | 155M | 167M | 1.2M | 43.8M | 81M | 99.7M | -71.9M | -89.5M | 9.5M | 81.2M | -47.5M | -86.2M | 134M | 79.7M | 28.8M |
| FCF Margin % | 12.79% | 16.22% | 35.6% | 6.86% | -8.51% | 16.59% | 25.99% | 0.19% | 6.97% | 9.09% | 16.87% | -12.81% | -15.63% | 1.24% | 14.51% | -9.89% | -22.5% | 23% | 21.89% | 7.89% |
| FCF Growth % | 253.18% | 2.58% | 41.32% | 3708.33% | -232.65% | 91.36% | 67.5% | 101.67% | 148.94% | 752.63% | 22.78% | -51.37% | -3.83% | -92.91% | 1.88% | -264.93% | -352.05% | -37.03% | 348.29% | 247.69% |
| FCF per Share | 1.27 | 2.27 | 3.37 | 0.64 | -0.82 | 2.14 | 2.24 | 0.02 | 0.59 | 1.09 | 1.33 | -0.95 | -1.16 | 0.12 | 1.07 | -0.62 | -1.12 | 1.74 | 1.03 | 0.37 |
| FCF Conversion (FCF/Net Income) | 1.85x | 0.90x | 3.64x | 1.93x | 4.93x | 1.11x | 3.22x | 1.82x | 2.63x | 1.04x | 3.17x | 1.85x | 1.58x | 1.31x | 1.39x | 112.30x | 0.77x | 0.72x | 3.21x | 1.58x |
| Interest Paid | 34M | 96M | 43M | 101.9M | 47.6M | 100M | 45M | 101.5M | 49.9M | 104.6M | 50.8M | 103.1M | 45.1M | 79.9M | 55.5M | 67.2M | 24M | 21.7M | 20.7M | 20.7M |
| Taxes Paid | 46M | 19M | 0 | 46.8M | 6.8M | 9M | 1M | 26.4M | 48.7M | 32.9M | 200K | 20.2M | 43.3M | 34.8M | 800K | 14.7M | 38M | 15.8M | 100K | 25.4M |