XML 17 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net revenue:      
Racing $ 274.3 $ 257.3 $ 251.1
Online Wagering 290.2 255.6 221.6
Casino 411.2 350.5 332.8
Other Investments 33.3 19.2 16.9
Total net revenue 1,009.0 882.6 822.4
Operating expense:      
Racing 204.9 192.5 187.7
Online Wagering 196.1 170.2 146.7
Casino 284.1 247.3 241.3
Other Investments 32.2 17.8 16.5
Corporate 2.1 2.0 1.8
Selling, general and administrative expense 90.5 83.1 79.4
Impairment of tangible and other intangible assets 0.0 21.7 0.0
Gain on Calder land sale 0.0 0.0 (23.7)
Transaction expense, net 10.3 2.3 0.2
Total operating expense 820.2 736.9 649.9
Operating income 188.8 145.7 172.5
Other income (expense):      
Interest expense, net (40.1) (49.3) (43.7)
Loss on extinguishment of debt 0.0 (20.7) 0.0
Equity in income of unconsolidated investments 29.6 25.5 17.4
Gain on Ocean Downs/Saratoga transaction 54.9 0.0 0.0
Miscellaneous, net 0.7 1.3 1.2
Total other income (expense) 45.1 (43.2) (25.1)
Income from continuing operations before provision for income taxes 233.9 102.5 147.4
Income tax (provision) benefit (51.3) 19.9 (50.7)
Income from continuing operations, net of tax 182.6 122.4 96.7
Income from discontinued operations, net of tax 170.2 18.1 11.4
Net income $ 352.8 $ 140.5 $ 108.1
Net income per common share data - basic:      
Continuing operations (in dollars per share) $ 4.42 $ 2.59 $ 1.94
Discontinued operations (in dollars per share) 4.12 0.38 0.23
Net income per common share - basic (in dollars per share) 8.54 2.97 2.17
Net income per common share data - diluted:      
Continuing operations (in dollars per share) 4.39 2.55 1.92
Discontinued operations (in dollars per share) 4.09 0.37 0.22
Net income per common share - diluted (in dollars per share) $ 8.48 $ 2.92 $ 2.14
Weighted average shares outstanding:      
Basic (in shares) 41.3 47.2 49.3
Diluted (in shares) 41.6 48.0 50.5
Other comprehensive income (loss):      
Foreign currency translation, net of tax $ 0.6 $ (0.1) $ 0.2
Change in pension benefits, net of tax (0.2) 0.0 (0.8)
Other comprehensive income (loss) 0.4 (0.1) (0.6)
Comprehensive income $ 353.2 $ 140.4 $ 107.5