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Consolidated Statements Of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net revenue:      
Churchill Downs $ 274.2 $ 195.8 $ 161.3
Online Wagering 290.5 290.2 255.6
Gaming 692.4 449.5 389.3
All Other 72.6 73.5 76.4
Total net revenue 1,329.7 1,009.0 882.6
Operating expense:      
Churchill Downs 163.8 116.3 89.5
Online Wagering 205.8 196.1 170.2
Gaming 528.1 331.0 293.8
All Other 89.0 75.9 75.9
Selling, general and administrative expense 122.0 90.6 83.5
Impairment of tangible and other intangible assets 0.0 0.0 21.7
Transaction expense, net 5.3 10.3 2.3
Total operating expense 1,114.0 820.2 736.9
Operating income 215.7 188.8 145.7
Other income (expense):      
Interest expense, net (70.9) (40.1) (49.3)
Loss on extinguishment of debt 0.0 0.0 (20.7)
Equity in income of unconsolidated investments 50.6 29.6 25.5
Gain on Ocean Downs/Saratoga transaction 0.0 54.9 0.0
Miscellaneous, net 1.0 0.7 1.3
Total other (expense) income (19.3) 45.1 (43.2)
Income from continuing operations before provision for income taxes 196.4 233.9 102.5
Income tax (provision) benefit (56.8) (51.3) 19.9
Income from continuing operations, net of tax 139.6 182.6 122.4
(Loss) income from discontinued operations, net of tax (2.4) 170.2 18.1
Net income 137.2 352.8 140.5
Net loss attributable to noncontrolling interest 0.3 0.0 0.0
Net income attributable to Churchill Downs Incorporated $ 137.5 $ 352.8 $ 140.5
Net income (loss) per common share data - basic:      
Continuing operations (in dollars per share) $ 3.49 $ 4.42 $ 2.59
Discontinued operations (in dollars per share) (0.06) 4.12 0.38
Net income per common share - basic (in dollars per share) 3.43 8.54 2.97
Net income (loss) per common share data - diluted:      
Continuing operations (in dollars per share) 3.44 4.39 2.55
Discontinued operations (in dollars per share) (0.06) 4.09 0.37
Net income per common share - diluted (in dollars per share) $ 3.38 $ 8.48 $ 2.92
Weighted average shares outstanding:      
Basic (in shares) 40.1 41.3 47.2
Diluted (in shares) 40.6 41.6 48.0
Other comprehensive income (loss):      
Foreign currency translation, net of tax $ 0.0 $ 0.6 $ (0.1)
Change in pension benefits, net of tax 0.0 (0.2) 0.0
Other comprehensive income (loss) 0.0 0.4 (0.1)
Comprehensive income attributable to CDI $ 137.5 $ 353.2 $ 140.4