Where does Churchill Downs's income statement data come from?

Every line is extracted from Churchill Downs's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Churchill Downs CHDN Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Net interest income	-$297.4M0.0%	-$297.4M-1.0%	-$294.6M-0.9%	-$292.1M-0.2%	-$291.4M-0.6%
Total revenue	$2.95B+0.7%	$2.93B+1.4%	$2.88B+1.9%	$2.83B+1.6%	$2.79B+1.9%
Selling, general and administrative	$250.7M+1.6%	$246.7M+2.4%	$240.9M-0.2%	$241.4M+1.5%	$237.9M+0.1%
Selling and marketing	——	$101.9M+2.8%	$99.1M+2.9%	$96.3M+3.0%	$93.5M+3.1%
Compensation and benefits	$31.2M+3.3%	$30.2M-2.9%	$31.1M+1.0%	$30.8M-6.4%	$32.9M-8.9%
Depreciation and amortization	$229.9M-1.3%	$232.9M+2.7%	$226.7M+3.1%	$219.8M+4.1%	$211.2M+6.1%
Pre-opening costs	$10.5M-8.7%	$11.5M-22.3%	$14.8M-26.7%	$20.2M-20.2%	$25.3M-14.5%
Total operating expenses	$2.25B+0.5%	$2.24B+2.0%	$2.2B+3.9%	$2.11B+2.2%	$2.07B+2.1%
Operating income	$692.2M+1.2%	$684.2M-0.5%	$687.5M-3.9%	$715.4M-0.3%	$717.7M+1.2%
Operating margin	23.5%+0.1pp	23.4%-0.5pp	23.8%-1.4pp	25.3%-0.5pp	25.8%-0.2pp
Interest expense	$297.4M0.0%	$297.4M+1.0%	$294.6M+0.9%	$292.1M+0.2%	$291.4M+0.6%
Other income (expense), net	-$142.7M+5.9%	-$151.7M-3.0%	-$147.3M+2.0%	-$150.3M0.0%	-$150.3M-10.7%
Income from equity method investments	$142.1M+2.2%	$139.1M-1.4%	$141.1M+1.1%	$139.5M-0.4%	$140.1M-3.3%
Income before income taxes	$549.5M+3.2%	$532.5M-1.4%	$540.2M-4.4%	$565.1M-0.4%	$567.4M-1.0%
Income tax expense	$158.2M+7.5%	$147.2M+9.8%	$134.1M+1.6%	$132M-6.8%	$141.7M-1.7%
Net income	$389.3M+1.6%	$383.3M-5.1%	$403.7M-6.3%	$431M+1.8%	$423.4M-0.8%
Net margin	13.2%+0.1pp	13.1%-0.9pp	14%-1.2pp	15.2%0.0pp	15.2%-0.4pp
Income from continuing operations	$5.45+2.6%	$5.31-4.0%	$5.53-5.6%	$5.86+3.5%	$5.66-100.0%
Net income attributable to noncontrolling interests	$2M0.0%	$2M-16.7%	$2.4M+14.3%	$2.1M-8.7%	$2.3M0.0%
Basic earnings per share	$5.45+2.6%	$5.31-4.0%	$5.53-5.6%	$5.86+3.5%	$5.66-1.2%
Weighted-average shares, diluted	285.1M-1.4%	289.1M-1.0%	291.9M-1.2%	295.5M-0.8%	297.8M-0.2%
Weighted-average shares, basic	283.4M-1.4%	287.4M-0.9%	290M-1.2%	293.6M-0.7%	295.8M0.0%
Transaction expense, net	$5.7M+21.3%	$4.7M+148%	-$9.8M+37.6%	-$15.7M+3.1%	-$16.2M-33.9%
Continuing operations (in dollars per share)	$5.45+2.6%	$5.31-4.0%	$5.53-5.6%	$5.86+3.5%	$5.66-1.2%
Continuing operations (in dollars per share)	$5.43+2.6%	$5.29-3.8%	$5.5-5.5%	$5.82+3.6%	$5.62-1.1%
Transaction expense, net	$5.7M+21.3%	$4.7M+148%	-$9.8M+37.6%	-$15.7M+3.1%	-$16.2M-33.9%
Adjusted EBITDA	$1.22B+1.0%	$1.21B+0.9%	$1.19B+2.3%	$1.17B+0.5%	$1.16B+0.2%
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	$16.2M-5.8%	$17.2M-27.1%	$23.6M0.0%	$23.6M-0.4%	$23.7M-13.2%
Share-based compensation expense related to employee stock plans	$18.2M-5.2%	$19.2M-28.6%	$26.9M+2.3%	$26.3M-11.7%	$29.8M-6.9%
Adjustments to Earnings Before Interest, Tax, Depreciation, and Amortization	——	——	——	-$1.08B+0.1%	-$1.08B-0.5%
Pre-tax stock-based compensation cost	$31.6M+3.3%	$30.6M-2.9%	$31.5M+1.0%	$31.2M-5.2%	$32.9M-8.9%
Accounts Receivable, Allowance for Credit Loss, Writeoff	——	$2.5M-2.9%	$2.58M-2.8%	$2.65M-2.8%	$2.73M-2.7%
Amortization of capitalized software and acquired intangible assets	——	$10.3M-1.9%	$10.5M-1.9%	$10.7M-1.8%	$10.9M-1.8%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	$54.7M+10.1%	$49.7M+60.8%
Dividends declared (in dollars per share)	——	$0.44+1.7%	$0.43+1.7%	$0.42+1.7%	$0.42+1.8%
Revenue recognized that was included in deferred income at the beginning of the period	$61.2M0.0%	$61.2M+5.3%	$58.1M+1.9%	$57M-25.3%	$76.3M+0.3%
Federal	——	$43.9M-15.1%	$51.73M-13.1%	$59.55M-11.6%	$67.38M-10.4%
Foreign	——	$0—	$0—	$0—	$0—
Current State And Local Tax Expense Benefit	——	$16.2M-11.2%	$18.25M-10.1%	$20.3M-9.2%	$22.35M-8.4%
Federal	——	$63.3M+8.2%	$58.53M+8.9%	$53.75M+9.7%	$48.98M+10.8%
State	——	$23.5M+32.8%	$17.7M+48.7%	$11.9M+95.1%	$6.1M+1,933%
Defined Contribution Plan Cost Recognized	——	$7.3M+2.8%	$7.1M+2.9%	$6.9M+3.0%	$6.7M+3.1%
Defined Contribution Plan Employer Matching Contribution Percent	——	——	——	——	——
Maximum annual contribution per employee, percent	——	——	——	——	——
Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage	——	——	——	——	——
Employer's maximum additional match, percentage	——	——	——	——	——
Depreciation	——	$222.8M+4.1%	$214.1M+4.2%	$205.4M+4.4%	$196.7M+4.6%
Disclosure of complimentary revenue	$62.4M+3.3%	$60.4M+2.2%	$59.1M+1.7%	$58.1M+2.5%	$56.7M+1.1%
Effective tax rates	$0.9+8.8%	$0.83—	——	——	——
Income taxes at U.S. statutory rate of 21%	——	——	——	——	——
Effect of cross-border tax laws	——	$0+100%	-$100K+50.0%	-$200K+33.3%	-$300K+25.0%
Effect of cross-border tax laws	——	——	——	——	——
Other	——	-$0-33.3%	-$0-50.0%	-$0-100%	-$0—
State income taxes – net of federal income tax benefit	——	——	——	——	——
Changes in unrecognized tax benefits	——	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Percent	——	——	——	——	——
Non-deductible officer's compensation	——	$6.5M-1.9%	$6.63M-1.9%	$6.75M-1.8%	$6.88M-1.8%
Non-deductible officer's compensation	——	——	——	——	——
Share-Based Payment Arrangement, Expense, Tax Benefit	——	$3.2M+3.2%	$3.1M+3.3%	$3M+3.4%	$2.9M+3.6%
Interest, depreciation and amortization expense related to equity investments	——	——	——	——	——
Distributions of earnings from equity method investees	$121M+4.3%	$116M-0.5%	$116.6M-2.7%	$119.8M-3.9%	$124.7M-10.1%
Finance Lease Interest Payment On Liability	——	$1.8M-4.0%	$1.88M-3.8%	$1.95M-3.7%	$2.03M-3.6%
Finance Lease Principal Payments	——	$2.9M+2.7%	$2.83M+2.7%	$2.75M+2.8%	$2.68M+2.9%
Finance Lease Right Of Use Asset Amortization	——	$3.7M-3.3%	$3.83M-3.2%	$3.95M-3.1%	$4.08M-3.0%
Income Tax Credits And Adjustments	——	$2M—	——	——	——
Federal taxes	——	$46.7M-16.4%	$55.85M-14.1%	$65M-12.3%	$74.15M-11.0%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	——	$111.8M-1.9%	$113.93M-1.8%	$116.05M-1.8%	$118.18M-1.8%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	——	-$1.4M-30.2%	-$1.08M-43.3%	-$750K-76.5%	-$425K-325%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	——	——	——	——	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	——	$31.7M+10.5%	$28.7M+11.7%	$25.7M+13.2%	$22.7M+15.2%
Changes in unrecognized tax benefits	——	-$600K+27.3%	-$825K+21.4%	-$1.05M+17.6%	-$1.28M+15.0%
Income taxes paid	——	——	$43.2M-49.2%	$85.1M-21.9%	$109M+0.7%
Income Taxes Paid, Net	——	$63.6M-13.4%	$73.45M-11.8%	$83.3M-10.6%	$93.15M-9.6%
Increase Decrease In Accrued Income Taxes Payable	-$11.5M-229%	-$3.5M-118%	$20M-16.0%	$23.8M+1,052%	-$2.5M+44.4%
Increase (Decrease) in Deferred Income Taxes	-$105.8M-21.9%	-$86.8M-18.9%	-$73M-158%	-$28.3M+28.5%	-$39.6M+11.0%
Deferred revenue	——	——	——	——	——
Increase (Decrease) in Other Operating Assets and Liabilities, Net	——	——	——	——	——
Add - Incremental shares under stock-based compensation plans (in shares)	——	——	——	——	——
Interest Income (Expense), Operating	-$297.4M0.0%	-$297.4M-1.0%	-$294.6M-0.9%	-$292.1M-0.2%	-$291.4M-0.6%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$292.5M-0.7%	$294.5M+0.1%	$294.1M-0.8%	$296.4M-1.5%	$301M-1.9%
Legal reserves	——	$0—	$0—	$0—	$0—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	——	——	——	——	——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$452.5M+4.0%	-$471.5M+14.4%	-$550.8M-30.8%	-$421.2M+10.7%	-$471.8M+13.5%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	——	——	——	——	——
Net Income Loss Attributable To Noncontrolling Interest	$2M0.0%	$2M-16.7%	$2.4M+14.3%	$2.1M-8.7%	$2.3M0.0%
Number of casino gaming properties	——	100.0%	100.0%	100.0%	100.0%
Number of live and historical racing entertainment venues owned and operated	——	17+3.0%	16.5+3.1%	16+3.2%	15.5+3.3%
Number of operating segments	——	——	——	——	——
Number of performance criteria	——	——	——	——	——
Number of reportable segments	——	——	——	——	——
Operating lease right-of-use assets amortization expense	$6.4M0.0%	$6.4M+1.6%	$6.3M+3.3%	$6.1M-1.6%	$6.2M+10.7%
Other charges and recoveries, net	——	——	——	——	——
Other expenses, net	$12.5M+19.0%	$10.5M-4.5%	$11M+20.9%	$9.1M+127%	$4M-4.8%
Other Noncash Income (Expense)	-$8.8M0.0%	-$8.8M-2.3%	-$8.6M+3.4%	-$8.9M+11.0%	-$10M-3.1%
Other income, net (Note 6)	$12.6M+90.9%	$6.6M+6.5%	$6.2M+170%	$2.3M+130%	$1M-89.0%
Payments for Capital Improvements	$76.2M+8.5%	$70.2M-19.0%	$86.7M+8.0%	$80.3M-4.6%	$84.2M+0.7%
Payment for (Proceeds from) Other Investing Activity	$13.5M+17.4%	$11.5M—	——	——	——
Payments for Repurchase of Common Stock	$340.8M-20.3%	$427.8M+1.1%	$423.1M+13.7%	$372.2M+183%	$131.3M-29.4%
Payments of Dividends	——	——	——	——	$31.7M+8.2%
Payment, Tax Withholding, Share-Based Payment Arrangement	$16M-5.9%	$17M-28.0%	$23.6M0.0%	$23.6M-0.4%	$23.7M-21.3%
Payments To Acquire Other Property Plant And Equipment	$177.7M-13.2%	$204.7M-23.4%	$267.3M-21.3%	$339.5M-12.5%	$387.8M-16.3%
Proceeds From Income Tax Refunds	——	——	——	$5.4M-11.5%	$6.1M+17.3%
Debt issued (Note 13)	$1.12B+2.3%	$1.1B-5.6%	$1.16B+17.5%	$989.6M+19.2%	$830M-14.0%
Proceeds From Repayments Of Bank Overdrafts	——	——	——	-$18.5M-785%	$2.7M+125%
Proceeds from pending equity transaction	——	$0—	$0—	$0—	$0—
Property and equipment additions included in accounts payable and accrued expenses	——	——	——	——	——
Property Plant And Equipment Additions	$253.9M-7.6%	$274.9M-22.3%	$354M-15.7%	$419.8M-11.1%	$472M-13.7%
Repayments Of Other Long Term Debt	$1.08B+22.5%	$881.7M-1.7%	$896.9M+5.6%	$849.2M-4.1%	$885.1M-1.7%
Revenue From Contract With Customer Excluding Assessed Tax	$2.95B+0.7%	$2.93B+1.4%	$2.88B+1.9%	$2.83B+1.6%	$2.79B+1.9%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	——	——	$22.6M+88.3%	$12M+0.8%	$11.9M+98.3%
Stock-based compensation	$31.2M+3.3%	$30.2M-2.9%	$31.1M+1.0%	$30.8M-6.4%	$32.9M-8.9%
Vested, grant-date fair value	——	$48.8M-9.7%	$54.03M-8.8%	$59.25M-8.1%	$64.48M-7.5%
Share-Based Payment Arrangement, Decrease Due To Reclassification To Liability Awards	——	——	——	——	——
Value of shares repurchased	——	$425.3M+2.4%	$415.2M+12.0%	$370.7M+178%	$133.3M-29.5%
Stock Repurchased During Period Shares	7.3M-9.9%	8.1M+84.0%	4.4M+11.4%	3.9M+169%	1.5M+72.0%
Purchase price	$335.9M-20.9%	$424.9M+2.6%	$414.3M+12.0%	$369.8M+179%	$132.4M+102%
Stockholders' Equity, Other	$5.9M-27.2%	$8.1M-1.2%	$8.2M+41.4%	$5.8M+18.4%	$4.9M-14.0%
Temporary Equity, Accretion to Redemption Value, Adjustment	$4.1M+32.3%	$3.1M+10.7%	$2.8M-22.2%	$3.6M-10.0%	$4M+33.3%
Other – net	——	$200K—	——	——	——
Treasury stock, value, acquired	——	——	——	——	——
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions	——	$900K-21.7%	$1.15M-17.9%	$1.4M-15.2%	$1.65M-13.2%
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	——	$100K-33.3%	$150K-25.0%	$200K-20.0%	$250K-16.7%
Additions for tax positions of prior years	——	$0—	$0—	$0—	$0—
EBIT	$692.2M+1.2%	$684.2M-0.5%	$687.5M-3.9%	$715.4M-0.3%	$717.7M+1.2%
EBITDA	$922.1M+0.5%	$917.1M+0.3%	$914.2M-2.2%	$935.2M+0.7%	$928.9M+2.3%
EBITDA	$922.1M+0.5%	$917.1M+0.3%	$914.2M-2.2%	$935.2M+0.7%	$928.9M+2.3%
EBITDA margin	31.3%0.0pp	31.3%-0.4pp	31.7%-1.4pp	33%-0.3pp	33.3%+0.1pp
EBIT	$692.2M+1.2%	$684.2M-0.5%	$687.5M-3.9%	$715.4M-0.3%	$717.7M+1.2%

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Questions, answered.

Where does Churchill Downs's income statement data come from?: Every line is extracted from Churchill Downs's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.