Net Income Per Common Share Computations

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Net Income Per Common Share Computations

14. NET INCOME PER COMMON SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the net income per common share computations:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share data)	2025		2024		2025		2024
Numerator for basic and diluted net income per common share:
Net income attributable to Churchill Downs Incorporated	$	216.9	$	209.3	$	293.6	$	289.7
Adjustments related to redeemable noncontrolling interest	(0.4)		(0.8)		(1.6)		(0.8)
Net income attributable to common shareholders	$	216.5	$	208.5	$	292.0	$	288.9
Denominator for net income per common share:
Basic	71.7		73.9		72.7		74.0
Plus dilutive effect of stock awards	0.6		0.7		0.6		0.6
Diluted	72.3		74.6		73.3		74.6
Net income per common share data:
Basic net income	$	3.02	$	2.82	$	4.02	$	3.90
Diluted net income	$	2.99	$	2.79	$	3.98	$	3.87