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Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 67.4 $ 96.2
Restricted cash 53.6 46.3
Accounts receivable, net of allowance for doubtful accounts of $4.9 in 2020 and $4.4 in 2019 36.5 37.3
Income taxes receivable 49.4 14.5
Other current assets 28.2 26.9
Total current assets 235.1 221.2
Property and equipment, net 1,082.1 937.3
Investment in and advances to unconsolidated affiliates 630.6 634.5
Goodwill 366.8 367.1
Other intangible assets, net 350.6 369.8
Other assets 21.2 21.1
Total assets 2,686.4 2,551.0
Current liabilities:    
Accounts payable 70.7 57.8
Accrued expenses and other current liabilities 167.8 173.4
Current deferred revenue 32.8 42.5
Current maturities of long-term debt 4.0 4.0
Dividends payable 24.9 23.5
Current liabilities of discontinued operations 124.0 0.0
Total current liabilities 424.2 301.2
Long-term debt (net of current maturities and loan origination fees of $3.2 in 2020 and $4.0 in 2019) 530.5 384.0
Notes payable (net of debt issuance costs of $12.2 in 2020 and $14.1 in 2019) 1,087.8 1,085.9
Non-current deferred revenue 17.1 16.7
Deferred income taxes 213.9 212.8
Other liabilities 45.8 39.4
Total liabilities 2,319.3 2,040.0
Commitments and contingencies
Shareholders' equity:    
Preferred stock, no par value; 0.3 shares authorized; no shares issued or outstanding $ 0.0 $ 0.0
Preferred Stock, No Par Value $ 0 $ 0
Common stock, no par value; 150.0 shares authorized; 39.5 shares issued and outstanding in 2020 and 39.7 shares in 2019 $ 18.2 $ 0.0
Retained earnings 349.8 509.2
Accumulated other comprehensive loss (0.9) (0.9)
Total Churchill Downs Incorporated shareholders' equity 367.1 508.3
Noncontrolling interest 0.0 2.7
Total shareholders' equity 367.1 511.0
Total liabilities and shareholders' equity $ 2,686.4 $ 2,551.0
Preferred stock, shares outstanding (in shares) 0.0 0.0
Preferred Stock, No Par Value $ 0 $ 0