Churchill Downs Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	2,462	1,810	1,597	1,054	1,330	Upgrade
Revenue Growth (YoY)	36.02%	13.31%	51.54%	-20.73%	31.78%	Upgrade
Cost of Revenue	1,666	1,243	1,151	860.5	986.7	Upgrade
Gross Profit	795.7	566.4	446.1	193.5	343	Upgrade
Selling, General & Admin	202.3	164.2	138.5	114.8	122	Upgrade
Other Operating Expenses	29.4	80.4	23.2	18.5	5.3	Upgrade
Operating Expenses	231.7	244.6	161.7	133.3	127.3	Upgrade
Operating Income	564	321.8	284.4	60.2	215.7	Upgrade
Interest Expense / Income	268.4	147.3	84.7	80	70.9	Upgrade
Other Expense / Income	-266.2	-434.3	-143.9	67.4	-49.5	Upgrade
Pretax Income	561.8	608.8	343.6	-87.2	194.3	Upgrade
Income Tax	144.5	169.4	94.5	-5.3	56.8	Upgrade
Net Income	417.3	439.4	249.1	-81.9	137.5	Upgrade
Net Income Growth	-5.03%	76.40%	-	-	-61.03%	Upgrade
Shares Outstanding (Basic)	75	76	77	79	80	Upgrade
Shares Outstanding (Diluted)	76	77	78	80	81	Upgrade
Shares Change	-1.17%	-1.79%	-2.24%	-1.23%	-2.40%	Upgrade
EPS (Basic)	5.55	5.79	3.22	-1.03	1.72	Upgrade
EPS (Diluted)	5.49	5.71	3.18	-1.04	1.69	Upgrade
EPS Growth	-3.85%	79.56%	-	-	-60.14%	Upgrade
Free Cash Flow	-71.2	87.3	367.7	-91	129.2	Upgrade
Free Cash Flow Per Share	-0.95	1.15	4.76	-1.15	1.61	Upgrade
Dividend Per Share	0.382	0.357	0.334	0.311	0.290	Upgrade
Dividend Growth	7.00%	6.89%	7.40%	7.24%	6.62%	Upgrade
Gross Margin	32.32%	31.30%	27.93%	18.36%	25.80%	Upgrade
Operating Margin	22.91%	17.78%	17.81%	5.71%	16.22%	Upgrade
Profit Margin	16.95%	24.28%	15.60%	-7.77%	10.34%	Upgrade
Free Cash Flow Margin	-2.89%	4.82%	23.02%	-8.63%	9.72%	Upgrade
Effective Tax Rate	25.72%	27.83%	27.50%	-	29.23%	Upgrade
EBITDA	1,005	875.1	536.8	90.7	366.2	Upgrade
EBITDA Margin	40.84%	48.35%	33.61%	8.61%	27.54%	Upgrade
Depreciation & Amortization	175.2	119	108.5	97.9	101	Upgrade
EBIT	830.2	756.1	428.3	-7.2	265.2	Upgrade
EBIT Margin	33.72%	41.78%	26.82%	-0.68%	19.94%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).