CHDN Q2 2019 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q2 2019 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$477M+25.8% YoY

Gross Profit

$187M39.2% margin

Operating Income

$156M32.8% margin

Net Income

$107M22.4% margin

EPS (Diluted)

$1.32

QoQ Revenue Growth

+79.9%

Cash Flow

Operating Cash Flow

$144M

Free Cash Flow

$91M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.0B

Stockholders' Equity

$553M

Cash & Equivalents

$203M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$477M	$379M	+25.8%
Gross Profit	$187M	$162M	+15.6%
Operating Income	$156M	$137M	+14.5%
Net Income	$107M	$103M	+3.9%

Revenue Segments

Gaming

$178M37%

Pari-Mutuel, Live And Simulcast Racing

$150M31%

Racing Event-Related Services

$116M24%

Product and Service, Other

$22M5%

Pari-Mutuel, Historical Racing

$20M4%