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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net revenue:        
Net revenue $ 393.0 $ 337.8 $ 1,232.4 $ 775.8
Operating expense:        
Selling, general and administrative expense 36.1 38.8 99.7 85.3
Asset impairments 0.0 0.0 11.2 17.5
Transaction expense, net 2.0 0.5 2.1 1.0
Total operating expense 325.4 288.3 982.7 738.3
Operating income 67.6 49.5 249.7 37.5
Other income (expense):        
Interest expense, net (21.7) (19.7) (63.1) (59.3)
Equity in income of unconsolidated affiliates 41.7 27.6 103.0 13.2
Miscellaneous, net 0.1 (0.4) 0.3 (0.1)
Total other income (expense) 20.1 7.5 40.2 (46.2)
Income (loss) from continuing operations before (provision) benefit for income taxes 87.7 57.0 289.9 (8.7)
Income tax (provision) benefit (26.3) (13.9) (84.1) 5.6
Net income (loss) from continuing operations 61.4 43.1 205.8 (3.1)
Loss from discontinued operations, net of tax 0.0 0.0 0.0 (96.1)
Net income (loss) 61.4 43.1 205.8 (99.2)
Net loss attributable to noncontrolling interest 0.0 (0.1) 0.0 (0.2)
Net income (loss) and comprehensive income (loss) attributable to Churchill Downs Incorporated $ 61.4 $ 43.2 $ 205.8 $ (99.0)
Net income (loss) per common share data - basic:        
Continuing operations (in dollars per share) $ 1.59 $ 1.09 $ 5.31 $ (0.07)
Discontinued operations (in dollars per share) 0 0 0 (2.43)
Net income (loss) per common share data - basic (in dollars per share) 1.59 1.09 5.31 (2.50)
Net income (loss) per common share data - diluted:        
Continuing operations (in dollars per share) 1.57 1.08 5.23 (0.07)
Discontinued operations (in dollars per share) 0 0 0 (2.43)
Net income (loss) per common share data - diluted (in dollars per share) $ 1.57 $ 1.08 $ 5.23 $ (2.50)
Weighted average shares outstanding:        
Basic (in shares) 38.6 39.5 38.7 39.6
Diluted (in shares) 39.2 40.1 39.3 39.6
Live and Historical Racing        
Net revenue:        
Net revenue $ 79.7 $ 63.8 $ 318.8 $ 115.2
Operating expense:        
Operating expense 62.3 55.7 217.3 121.9
TwinSpires        
Net revenue:        
Net revenue 101.8 127.1 337.1 317.5
Operating expense:        
Operating expense 77.5 84.0 247.3 209.5
Gaming        
Net revenue:        
Net revenue 185.3 133.5 523.3 316.7
Operating expense:        
Operating expense 127.7 96.2 355.0 265.8
All Other        
Net revenue:        
Net revenue 26.2 13.4 53.2 26.4
Operating expense:        
Operating expense $ 19.8 $ 13.1 $ 50.1 $ 37.3