Churchill Downs Inc
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $140.5M | $108.1M | $65.2M | $46.4M | $54.9M | $58.3M | $64.4M | $16.4M |
| Depreciation & Amortization | $97.1M | $108.6M | $109.7M | $68.3M | $61.8M | $55.6M | $55.2M | $46.5M |
| Depreciation | $49.1M | $49.1M | $47.6M | $55.0M | $49.6M | $44.4M | $43.3M | $36.6M |
| Amortization | $6.8M | $9.4M | $10.5M | $13.3M | $12.2M | $11.2M | $11.9M | $9.9M |
| Stock-Based Compensation | $27.1M | $18.9M | $13.8M | $11.9M | $21.5M | $7.6M | $5.5M | $4.8M |
| Net Cash from Operating Activities | $215.1M | $231.4M | $264.5M | $141.6M | $144.9M | $144.1M | $173.0M | $59.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $33.3M | $30.9M | $31.1M | $22.7M | $48.8M | $41.3M | $22.7M | $62.0M |
| Business Acquisitions | $24.2M | $0 | $900.0K | $366.0M | $154.9M | $142.9M | $0 | $169.7M |
| Net Cash from Investing Activities | $-153.6M | $-50.7M | $-65.5M | $-440.3M | $-277.7M | $-197.1M | $-26.9M | $-234.9M |
| Financing Activities | ||||||||
| Dividends Paid | $21.5M | $19.1M | $17.4M | $15.2M | $0 | $22.5M | $8.2M | $6.8M |
| Stock Repurchases | $180.9M | $39.0M | $147.6M | $76.6M | $10.7M | $5.1M | $1.3M | $944.0K |
| Net Cash from Financing Activities | $-59.5M | $-201.9M | $-190.6M | $322.0M | $140.3M | $62.9M | $-145.7M | $188.3M |
| Net Change in Cash | $2.0M | — | — | $23.4M | $7.5M | $9.9M | $424.0K | $13.3M |
| Free Cash Flow | $181.8M | $200.5M | $233.4M | $118.9M | $96.1M | $102.8M | $150.3M | $-2.1M |