Churchill Downs Incorporated
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|
| Revenue | $882.6M | $822.4M | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | — | $39.0M | $39.4M | $0 | $0 | — | — |
| SG&A Expense | $83.5M | $79.4M | $75.6M | $76.0M | $83.1M | $73.8M | $65.5M |
| Operating Income | $145.7M | $172.5M | $126.3M | $90.4M | $90.1M | $96.6M | $81.0M |
| Operating Margin | 16.5% | 21.0% | — | — | — | — | — |
| Interest Expense | $49.3M | $43.7M | $28.6M | $20.8M | $6.2M | $4.5M | $8.9M |
| Pretax Income | $102.5M | $147.4M | $115.4M | $76.5M | $85.5M | $91.2M | $95.1M |
| Income Tax Expense | $-19.9M | $50.7M | $44.6M | $30.1M | $30.5M | $33.1M | $34.3M |
| Net Income | $140.5M | $108.1M | $65.2M | $46.4M | $54.9M | $58.3M | $64.4M |
| Net Margin | 15.9% | 13.1% | — | — | — | — | — |
| EPS (Basic) | $2.97 | $2.17 | $1.25 | $0.89 | $1.04 | $1.13 | $1.27 |
| EPS (Diluted) | $2.92 | $2.14 | $1.24 | $0.88 | $1.02 | $1.11 | $1.25 |
| Shares Outstanding (Basic) | 47.2M | 49.3M | 51.6M | 51.9M | 51.9M | 51.1M | 49.9M |
| Shares Outstanding (Diluted) | 48.0M | 50.5M | 52.8M | 52.8M | 53.8M | 52.4M | 51.4M |
| Dividends Per Share | $0.51 | $0.44 | $0.38 | $0.33 | $0.29 | $0.24 | $0.20 |