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Churchill Downs CHDN Additions for tax positions of prior years

Additions for tax positions of prior years at other companies

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Flutter EntertainmentFLUT
$6.25M-30.6%

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%
Enterprise value$7.71B-19.3%
P/E15.8×-3.1×
P/S2.1×-0.8×

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:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions.

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

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Questions, answered.

What is Churchill Downs's additions for tax positions of prior years?
Churchill Downs (CHDN) reported additions for tax positions of prior years of $0 in Q4 2025.
What is the long-term trend for Churchill Downs's additions for tax positions of prior years?
Over 4 years (2021 to 2025), Churchill Downs's additions for tax positions of prior years has grown at a -100.0% compound annual growth rate (CAGR), from $1M to $0.
What does additions for tax positions of prior years mean?
This metric measures the increase in unrecognized tax benefits related to tax positions taken in prior reporting periods. It captures adjustments made as the company re-evaluates the sustainability of its historical tax filings. This is a key indicator of potential tax audit risk or evolving tax interpretations.