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Churchill Downs CHDN Temporary Equity, Accretion to Redemption Value, Adjustment

Temporary Equity, Accretion to Redemption Value, Adjustment at other companies

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$2M+102%

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/S2×-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:TemporaryEquityAccretionToRedemptionValueAdjustment.

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)
Balance, December 31, 2025$$46
Redemption value adjustment2
Balance, March 31, 202648
Net income attributable to redeemable noncontrolling interests1
Redemption value adjustment1
Balance, June 30, 2026$$50

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's temporary equity, accretion to redemption value, adjustment?
Churchill Downs (CHDN) reported temporary equity, accretion to redemption value, adjustment of $1M in Q2 2026.
How has Churchill Downs's temporary equity, accretion to redemption value, adjustment changed year-over-year?
Churchill Downs's temporary equity, accretion to redemption value, adjustment increased by 150.0% year-over-year, from $400K to $1M.
What does temporary equity, accretion to redemption value, adjustment mean?
Reflects the periodic adjustments made to the carrying value of redeemable noncontrolling interests to align with their current redemption value. This is critical for understanding potential future cash outflows related to minority stakes in subsidiaries or joint ventures.

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