CHDN Q3 2021 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q3 2021 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$393M+16.3% YoY

Gross Profit

$106M26.9% margin

Operating Income

$70M17.7% margin

Net Income

$61M15.6% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-23.7%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

$34M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.6B

Stockholders' Equity

$339M

Cash & Equivalents

$316M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$393M	$338M	+16.3%
Gross Profit	$106M	$89M	+19.0%
Operating Income	$70M	$50M	+39.2%
Net Income	$61M	$43M	+42.1%

Revenue Segments

Gaming

$185M47%

Pari-Mutuel, Live And Simulcast Racing

$112M28%

Pari-Mutuel, Historical Racing

$66M17%

Product and Service, Other

$26M7%

Racing Event-Related Services

$7M2%