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Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net revenue:      
Net revenues $ 1,054.0 $ 1,329.7 $ 1,009.0
Operating expense:      
Selling, general and administrative expense 114.8 122.0 90.6
Impairment of intangible assets 17.5 0.0 0.0
Transaction expense, net 1.0 5.3 10.3
Total operating expense 993.8 1,114.0 820.2
Operating income 60.2 215.7 188.8
Other income (expense):      
Interest expense, net (80.0) (70.9) (40.1)
Equity in income of unconsolidated investments 27.7 50.6 29.6
Gain on Ocean Downs/Saratoga transaction 0.0 0.0 54.9
Miscellaneous, net 0.1 1.0 0.7
Total other (expense) income (52.2) (19.3) 45.1
Income from continuing operations before provision for income taxes 8.0 196.4 233.9
Income tax benefit (provision) 5.3 (56.8) (51.3)
Income from continuing operations, net of tax 13.3 139.6 182.6
(Loss) income from discontinued operations, net of tax (95.4) (2.4) 170.2
Net (loss) income (82.1) 137.2 352.8
Net loss attributable to noncontrolling interest 0.2 0.3 0.0
Net (loss) income attributable to Churchill Downs Incorporated $ (81.9) $ 137.5 $ 352.8
Net income (loss) per common share data - basic:      
Continuing operations (in dollars per share) $ 0.34 $ 3.49 $ 4.42
Discontinued operations (in dollars per share) (2.41) (0.06) 4.12
Net (loss) income per common share - basic (in dollars per share) (2.07) 3.43 8.54
Net income (loss) per common share data - diluted:      
Continuing operations (in dollars per share) 0.33 3.44 4.39
Discontinued operations (in dollars per share) (2.41) (0.06) 4.09
Net (loss) income per common share - diluted (in dollars per share) $ (2.08) $ 3.38 $ 8.48
Weighted average shares outstanding:      
Basic (in shares) 39.6 40.1 41.3
Diluted (in shares) 40.1 40.6 41.6
Other comprehensive income (loss):      
Foreign currency translation, net of tax $ 0.0 $ 0.0 $ 0.6
Change in pension benefits, net of tax 0.0 0.0 (0.2)
Other comprehensive income 0.0 0.0 0.4
Comprehensive (loss) income attributable to Churchill Downs Incorporated (81.9) 137.5 353.2
Churchill Downs      
Net revenue:      
Net revenues 142.8 274.2 195.8
Operating expense:      
Operating expense 141.9 163.8 116.3
Online Wagering      
Net revenue:      
Net revenues 408.3 290.5 290.2
Operating expense:      
Operating expense 273.3 205.8 196.1
Gaming      
Net revenue:      
Net revenues 441.4 692.4 449.5
Operating expense:      
Operating expense 360.4 528.1 331.0
All Other      
Net revenue:      
Net revenues 61.5 72.6 73.5
Operating expense:      
Operating expense $ 84.9 $ 89.0 $ 75.9