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Condensed Consolidated Statements Of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net revenue:        
Net revenue $ 306.3 $ 221.3 $ 1,049.1 $ 790.0
Operating expense:        
Selling, general and administrative expense 34.4 21.9 89.4 63.4
Transaction expense, net 0.9 5.4 5.0 8.9
Total operating expense 278.5 200.8 836.9 613.2
Operating income 27.8 20.5 212.2 176.8
Other income (expense):        
Interest expense, net (18.9) (9.9) (52.0) (29.2)
Equity in income of unconsolidated affiliates 14.1 9.1 27.7 24.4
Gain on Ocean Downs/Saratoga transaction 0.0 54.9 0.0 54.9
Miscellaneous, net 0.2 0.1 0.6 0.5
Total other income (expense) (4.6) 54.2 (23.7) 50.6
Income from continuing operations before provision for income taxes 23.2 74.7 188.5 227.4
Income tax provision (8.0) (16.7) (53.1) (52.1)
Income from continuing operations, net of tax 15.2 58.0 135.4 175.3
(Loss) income from discontinued operations, net of tax (0.4) (1.7) (1.9) 166.1
Net income $ 14.8 $ 56.3 $ 133.5 $ 341.4
Net income (loss) per common share data - basic:        
Continuing operations (in dollars per share) $ 0.38 $ 1.43 $ 3.37 $ 4.22
Discontinued operations (in dollars per share) (0.01) (0.04) (0.05) 4.00
Net income per common share data - basic (in dollars per share) 0.37 1.39 3.32 8.22
Net income (loss) per common share data - diluted:        
Continuing operations (in dollars per share) 0.37 1.42 3.33 4.19
Discontinued operations (in dollars per share) (0.01) (0.04) (0.05) 3.97
Net income per common share data - diluted (in dollars per share) $ 0.36 $ 1.38 $ 3.28 $ 8.16
Weighted average shares outstanding:        
Basic (in shares) 40.0 40.7 40.2 41.6
Diluted (in shares) 40.7 41.0 40.7 41.8
Other comprehensive income:        
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 (0.2)
Other comprehensive income 0.0 0.2 0.0 0.4
Comprehensive income 14.8 56.5 133.5 341.8
Churchill Downs        
Net revenue:        
Net revenue 31.4 10.8 234.6 167.7
Operating expense:        
Operating expense 30.8 19.5 127.8 87.4
Online Wagering        
Net revenue:        
Net revenue 70.2 71.8 228.9 228.7
Operating expense:        
Operating expense 52.2 49.1 159.3 152.6
Gaming        
Net revenue:        
Net revenue 178.3 110.4 524.7 330.0
Operating expense:        
Operating expense 137.3 81.2 395.5 238.9
All Other        
Net revenue:        
Net revenue 26.4 28.3 60.9 63.6
Operating expense:        
Operating expense $ 22.9 $ 23.7 $ 59.9 $ 62.0