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Churchill Downs CHDN Debt Issuance Proceeds

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Other financials

Income statement

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Revenue$980.0M+4.9%
Operating income$357.0M+8.9%
Net income$241.0M+11.1%
EPS (diluted)$3.42+14.4%

Balance sheet

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Cash & equivalents$295.0M+3.3%
Total debt$2.3B+18.9%
Total equity$1.3B+28.7%
Total assets$7.5B+2.0%

Cash flow

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Operating cash flow$217.0M-9.8%
CapEx$19.0M+0.5%
Free cash flow$198.0M-10.6%

Valuation

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Market cap$6.06B-15.6%
Enterprise value$8.05B-8.7%
P/E14.7×-2.0×
P/S-0.5×

Profitability

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Operating margin24.1%-1.2pp
Net margin13.8%-1.4pp
FCF margin24%-1.0pp

Returns & leverage

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Return on equity34.7%-6.9pp
Debt / equity1.7×-0.1×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromIssuanceOfLongTermDebt.

The source filing: Churchill Downs’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000020212-26-000059
(in millions)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Other(2)(1)
Net cash used in investing activities(119)(166)
Cash flows from financing activities:
Proceeds from borrowings under long-term debt obligations646642
Repayments of borrowings under long-term debt obligations(1,006)(547)
Payment of dividends(31)(30)
Repurchase of common stock(341)
Taxes paid related to net share settlement of stock awards(3)(4)

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's debt issuance proceeds?
Churchill Downs (CHDN) reported debt issuance proceeds of $401M in Q2 2026.
How has Churchill Downs's debt issuance proceeds changed year-over-year?
Churchill Downs's debt issuance proceeds decreased by 4.9% year-over-year, from $421.8M to $401M.
What is the long-term trend for Churchill Downs's debt issuance proceeds?
Over 4 years (2021 to 2025), Churchill Downs's debt issuance proceeds has grown at a -5.3% compound annual growth rate (CAGR), from $1.37B to $1.1B.
What does debt issuance proceeds mean?
Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.

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