What is Churchill Downs's purchase price adjustments?

Churchill Downs (CHDN) reported purchase price adjustments of $0 in Q4 2025.

What does purchase price adjustments mean?

Represents adjustments made to the purchase price or valuation of assets and liabilities following a business acquisition. These adjustments reflect the refinement of fair value estimates during the measurement period. This metric is critical for understanding the impact of M&A activity on the balance sheet and future amortization or impairment risks.

Churchill Downs CHDN Purchase Price Adjustments

Discontinued — last reported Q4 '25

Purchase Price Adjustments at other companies

Flutter EntertainmentFLUT

$0—

Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: Churchill Downs’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What is Churchill Downs's purchase price adjustments?: Churchill Downs (CHDN) reported purchase price adjustments of $0 in Q4 2025.
What does purchase price adjustments mean?: Represents adjustments made to the purchase price or valuation of assets and liabilities following a business acquisition. These adjustments reflect the refinement of fair value estimates during the measurement period. This metric is critical for understanding the impact of M&A activity on the balance sheet and future amortization or impairment risks.