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Condensed Consolidated Statements Of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net revenue:        
Net revenue $ 477.4 $ 379.4 $ 742.8 $ 568.7
Operating expense:        
Selling, general and administrative expense 30.1 23.1 55.0 41.5
Transaction expense, net 0.6 2.1 4.1 3.5
Total operating expense 321.0 242.8 558.4 412.4
Operating income 156.4 136.6 184.4 156.3
Other income (expense):        
Interest expense, net (19.4) (9.7) (33.1) (19.3)
Equity in income of unconsolidated affiliates 9.5 8.8 13.6 15.3
Miscellaneous, net 0.4 0.3 0.4 0.4
Total other expense (9.5) (0.6) (19.1) (3.6)
Income from continuing operations before provision for income taxes 146.9 136.0 165.3 152.7
Income tax provision (38.6) (32.8) (45.1) (35.4)
Income from continuing operations, net of tax 108.3 103.2 120.2 117.3
(Loss) income from discontinued operations, net of tax (1.2) (0.1) (1.5) 167.8
Net income $ 107.1 $ 103.1 $ 118.7 $ 285.1
Net income (loss) per common share data - basic:        
Continuing operations (in dollars per share) $ 2.69 $ 2.54 $ 2.99 $ 2.80
Discontinued operations (in dollars per share) (0.03) 0 (0.04) 3.99
Net income per common share data - basic (in dollars per share) 2.66 2.54 2.95 6.79
Net income (loss) per common share data - diluted:        
Continuing operations (in dollars per share) 2.66 2.52 2.96 2.78
Discontinued operations (in dollars per share) (0.03) 0 (0.04) 3.97
Net income per common share data - diluted (in dollars per share) $ 2.63 $ 2.52 $ 2.92 $ 6.75
Weighted average shares outstanding:        
Basic (in shares) 40.1 40.7 40.3 42.0
Diluted (in shares) 40.7 40.9 40.7 42.2
Other comprehensive income (loss):        
Foreign currency translation, net of tax $ 0.0 $ 0.0 $ 0.0 $ 0.6
Change in pension benefits, net of tax 0.0 (0.2) 0.0 (0.4)
Other comprehensive income (loss) 0.0 (0.2) 0.0 0.2
Comprehensive income 107.1 102.9 118.7 285.3
Churchill Downs        
Net revenue:        
Net revenue 182.2 154.9 203.2 156.9
Operating expense:        
Operating expense 73.6 58.0 97.0 67.9
Online Wagering        
Net revenue:        
Net revenue 95.6 93.7 158.7 156.9
Operating expense:        
Operating expense 62.0 59.5 107.1 103.5
Gaming        
Net revenue:        
Net revenue 177.6 108.1 346.4 219.6
Operating expense:        
Operating expense 133.2 78.1 258.2 157.7
All Other        
Net revenue:        
Net revenue 22.0 22.7 34.5 35.3
Operating expense:        
Operating expense $ 21.5 $ 22.0 $ 37.0 $ 38.3