CHDN Q4 2023 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q4 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$561M+16.9% YoY

Gross Profit

$161M28.7% margin

Operating Income

$106M18.9% margin

Net Income

$58M10.3% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$107M

Free Cash Flow

-$72M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$6.1B

Stockholders' Equity

$894M

Cash & Equivalents

$145M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$561M	$480M	+16.9%
Gross Profit	$161M	$131M	+22.6%
Operating Income	$106M	$80M	+33.1%
Net Income	$58M	$1M	+5660.0%

Revenue Segments

Gaming

$228M39%

Pari-Mutuel, Historical Racing

$198M33%

Pari-Mutuel, Live And Simulcast Racing

$98M17%

Product and Service, Other

$61M10%

Racing Event-Related Services

$7M1%