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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net revenue:        
Net revenue $ 515.1 $ 185.1 $ 839.4 $ 438.0
Operating expense:        
Selling, general and administrative expense 33.4 22.4 63.6 46.5
Asset impairments 11.2 0.0 11.2 17.5
Transaction expense, net 0.0 0.2 0.1 0.5
Total operating expense 379.7 185.5 657.3 450.0
Operating income (loss) 135.4 (0.4) 182.1 (12.0)
Other income (expense):        
Interest expense, net (22.0) (20.3) (41.4) (39.6)
Equity in income (loss) of unconsolidated affiliates 36.4 (11.1) 61.3 (14.4)
Miscellaneous, net 0.1 0.3 0.2 0.3
Total other income (expense) 14.5 (31.1) 20.1 (53.7)
Income (loss) from continuing operations before (provision) benefit for income taxes 149.9 (31.5) 202.2 (65.7)
Income tax (provision) benefit (41.6) 7.9 (57.8) 19.5
Income (loss) from continuing operations, net of tax 108.3 (23.6) 144.4 (46.2)
Loss from discontinued operations, net of tax 0.0 (95.2) 0.0 (96.1)
Net income (loss) 108.3 (118.8) 144.4 (142.3)
Net loss attributable to noncontrolling interest 0.0 0.0 0.0 (0.1)
Net income (loss) and comprehensive income (loss) attributable to Churchill Downs Incorporated $ 108.3 $ (118.8) $ 144.4 $ (142.2)
Net income (loss) per common share data - basic:        
Continuing operations (in dollars per share) $ 2.80 $ (0.59) $ 3.72 $ (1.16)
Discontinued operations (in dollars per share) 0 (2.41) 0 (2.43)
Net income (loss) per common share data - basic (in dollars per share) 2.80 (3.00) 3.72 (3.59)
Net income (loss) per common share data - diluted:        
Continuing operations (in dollars per share) 2.76 (0.59) 3.66 (1.16)
Discontinued operations (in dollars per share) 0 (2.41) 0 (2.43)
Net income (loss) per common share data - diluted (in dollars per share) $ 2.76 $ (3.00) $ 3.66 $ (3.59)
Weighted average shares outstanding:        
Basic (in shares) 38.7 39.5 38.8 39.6
Diluted (in shares) 39.3 39.5 39.4 39.6
Live and Historical Racing        
Net revenue:        
Net revenue $ 175.9 $ 23.3 $ 239.1 $ 51.4
Operating expense:        
Operating expense 100.3 33.1 155.0 66.2
TwinSpires        
Net revenue:        
Net revenue 135.6 121.3 235.3 190.4
Operating expense:        
Operating expense 96.8 74.7 169.8 125.5
Gaming        
Net revenue:        
Net revenue 186.0 37.3 338.0 183.2
Operating expense:        
Operating expense 121.0 45.5 227.3 169.6
All Other        
Net revenue:        
Net revenue 17.6 3.2 27.0 13.0
Operating expense:        
Operating expense $ 17.0 $ 9.6 $ 30.3 $ 24.2