CHDNChurchill Downs Incorporated

$6B

FY 2008 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$431M+4.8% YoY

Gross Profit

$86M20.0% margin

Operating Income

$53M12.3% margin

Net Income

$29M6.6% margin

EPS (Diluted)

$0.34

Cash Flow

Operating Cash Flow

$78M

Free Cash Flow

$38M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$638M

Total Liabilities

$244M

Stockholders' Equity

$394M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$431M	$411M	+4.8%
Gross Profit	$86M	$84M	+2.3%
Operating Income	$53M	$34M	+56.9%
Net Income	$29M	$16M	+81.5%

CHDN FY 2008 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena