XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net revenue:    
Net revenue $ 324.3 $ 252.9
Operating expense:    
Selling, general and administrative expense 30.2 24.1
Impairment of intangible assets 0.0 17.5
Transaction expense, net 0.1 0.3
Total operating expense 277.6 264.5
Operating income (loss) 46.7 (11.6)
Other income (expense):    
Interest expense, net (19.4) (19.3)
Equity in income (loss) of unconsolidated affiliates 24.9 (3.3)
Miscellaneous, net 0.1 0.0
Total other income (expense) 5.6 (22.6)
Income (loss) from continuing operations before provision for income taxes 52.3 (34.2)
Income tax (provision) benefit (16.2) 11.6
Income (loss) from continuing operations, net of tax 36.1 (22.6)
Loss from discontinued operations, net of tax 0.0 (0.9)
Net income (loss) 36.1 (23.5)
Net loss attributable to noncontrolling interest 0.0 (0.1)
Net income (loss) and comprehensive income (loss) attributable to Churchill Downs Incorporated $ 36.1 $ (23.4)
Net (loss) income per common share data, basic:    
Continuing operations (in dollars per share) $ 0.93 $ (0.57)
Discontinued operations (in dollars per share) 0 (0.02)
Net (loss) income per common share data - basic (in dollars per share) 0.93 (0.59)
Net (loss) income per common share data, diluted:    
Continuing operations (in dollars per share) 0.91 (0.57)
Discontinued operations (in dollars per share) 0 (0.02)
Net (loss) income per common share data - diluted (in dollars per share) $ 0.91 $ (0.59)
Weighted average shares outstanding:    
Basic (in shares) 39.0 39.7
Diluted (in shares) 39.6 39.7
Live and Historical Racing    
Net revenue:    
Net revenue $ 63.2 $ 28.1
Operating expense:    
Operating expense 54.7 33.1
TwinSpires    
Net revenue:    
Net revenue 99.7 69.1
Operating expense:    
Operating expense 73.0 50.8
Gaming    
Net revenue:    
Net revenue 152.0 145.9
Operating expense:    
Operating expense 106.3 124.1
All Other    
Net revenue:    
Net revenue 9.4 9.8
Operating expense:    
Operating expense $ 13.3 $ 14.6