Churchill Downs Incorporated
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $200.6M | $175.5M | $144.5M | $129.8M | $291.3M | $67.4M | $96.2M | $133.3M |
| Accounts Receivable | $93.5M | $98.7M | $106.9M | $81.5M | $42.3M | $36.5M | $37.3M | $28.8M |
| Inventory | $11.9M | $11.6M | $17.2M | — | — | — | — | — |
| Total Current Assets | $443.2M | $412.3M | $400.8M | $344.5M | $501.5M | $235.1M | $221.2M | $241.5M |
| Property, Plant & Equipment | $2.88B | $2.85B | $2.54B | $1.95B | $968.4M | $1.06B | $912.5M | $757.5M |
| Goodwill | $900.2M | $900.2M | $899.9M | $723.8M | $366.8M | $366.8M | $367.1M | $338.0M |
| Intangible Assets (Excl. Goodwill) | $2.52B | $2.41B | $2.42B | $2.39B | $348.1M | $350.6M | $369.8M | $264.0M |
| Total Assets | $7.48B | $7.28B | $6.96B | $6.21B | $2.98B | $2.69B | $2.55B | $1.73B |
| Liabilities | ||||||||
| Accounts Payable | $184.3M | $180.3M | $158.5M | $145.5M | $81.6M | $70.7M | $57.8M | $47.0M |
| Total Current Liabilities | $733.3M | $729.3M | $755.8M | $621.6M | $395.0M | $424.2M | $301.2M | $256.6M |
| Long-Term Debt | $5.07B | $4.84B | $4.77B | $4.56B | $1.96B | $1.62B | $1.47B | $880.3M |
| Total Liabilities | $6.43B | $6.17B | $6.06B | $5.66B | $2.67B | $2.32B | $2.04B | $1.25B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $1.01B | $1.08B | $894.5M | $552.4M | $307.7M | $349.8M | $509.2M | $474.2M |
| Total Stockholders' Equity | $1.01B | $1.08B | $893.6M | $551.5M | $306.8M | $367.1M | $508.3M | $473.3M |