XML 35 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenue:      
Net revenue $ 2,734.3 $ 2,461.7 $ 1,809.8
Operating expense:      
Selling, general and administrative expense 237.7 202.3 164.2
Asset impairments 3.9 24.6 38.3
Transaction (benefit) expense (12.1) 4.8 42.1
Total operating expense 2,025.3 1,897.7 1,488.0
Operating income 709.0 564.0 321.8
Other (expense) income:      
Interest expense, net (289.8) (268.4) (147.3)
Equity in income of unconsolidated affiliates 144.9 146.3 152.7
Gain on the sale of assets 0.0 114.0 274.6
Miscellaneous, net 9.1 5.9 7.0
Total other (expense) income (135.8) (2.2) 287.0
Income from operations before provision for income taxes 573.2 561.8 608.8
Income tax provision (144.1) (144.5) (169.4)
Net income 429.1 417.3 439.4
Net income attributable to noncontrolling interest 2.3 0.0 0.0
Net income and comprehensive income attributable to Churchill Downs Incorporated $ 426.8 $ 417.3 $ 439.4
Net income attributable to Churchill Downs Incorporate per common share data:      
Basic net income (in dollars per share) $ 5.73 $ 5.55 $ 5.79
Diluted net income (in dollars per share) $ 5.68 $ 5.49 $ 5.71
Weighted average shares outstanding:      
Basic (in shares) 74.0 75.2 75.9
Diluted (in shares) 74.6 76.1 77.0
Live and Historical      
Net revenue:      
Net revenue $ 1,225.6 $ 1,047.3 $ 614.6
Operating expense:      
Operating expense 735.4 662.2 400.9
Wagering Services and Solutions      
Net revenue:      
Net revenue 469.5 444.9 436.4
Operating expense:      
Operating expense 296.5 288.2 293.6
Gaming      
Net revenue:      
Net revenue 1,039.1 968.6 755.9
Operating expense:      
Operating expense 748.9 700.0 537.9
Other      
Net revenue:      
Net revenue 0.1 0.9 2.9
Operating expense:      
Operating expense $ 15.0 $ 15.6 $ 11.0