CHDN Q2 2020 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q2 2020 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$185M-61.2% YoY

Gross Profit

$22M12.0% margin

Operating Income

-$400,000-0.2% margin

Net Income

-$119M-64.2% margin

EPS (Diluted)

$-1.50

QoQ Revenue Growth

-26.8%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

-$50M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.9B

Stockholders' Equity

$320M

Cash & Equivalents

$649M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$477M	-61.2%
Gross Profit	$22M	$187M	-88.1%
Operating Income	-$400,000	$156M	-100.3%
Net Income	-$119M	$107M	-210.9%

Revenue Segments

Pari-Mutuel, Live And Simulcast Racing

$133M72%

Gaming

$35M19%

Product and Service, Other

$9M5%

Pari-Mutuel, Historical Racing

$7M4%

Racing Event-Related Services

$1M1%