Churchill Downs Inc. Cash Flow Statement
CHDN / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Churchill Downs Inc. generated $770M in operating cash flow and $700M in free cash flow in FY2025. Free cash flow margin was 23.9% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.83 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 39.0%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $383.0M | $426.8M | $417.3M | $439.4M | $249.1M | -$81.9M | $137.5M | $352.8M | $140.5M | $108.1M | $65.2M | $46.4M | $54.9M | $58.3M | $64.4M |
| Depreciation & Amortization | $233.1M | $199.1M | $169.0M | $113.7M | $103.2M | $92.9M | $96.4M | $63.6M | $97.1M | $108.6M | $109.7M | $68.3M | $61.8M | $55.6M | $55.2M |
| Operating Cash Flow | $769.8M | $771.7M | $605.3M | $510.8M | $459.5M | $141.9M | $289.6M | $197.8M | $215.1M | $231.4M | $264.5M | $141.6M | $144.9M | $144.1M | $173.0M |
| Capital Expenditures | $70.2M | $83.6M | - | - | $39.5M | - | - | $29.6M | $33.3M | $30.9M | $31.1M | $22.7M | $48.8M | $41.3M | $22.7M |
| Free Cash Flow | $699.6M | $688.1M | - | - | $420.0M | - | - | $168.2M | $181.8M | $200.5M | $233.4M | $118.9M | $96.1M | $102.8M | $150.3M |
| Share Buybacks | $427.8M | $186.0M | $55.9M | $174.9M | $297.5M | $28.4M | $95.0M | $531.4M | $180.9M | $39.0M | $147.6M | $76.6M | $10.7M | $5.1M | $1.3M |
| Dividends Paid | $30.8M | $29.2M | $27.1M | $26.0M | $24.8M | $23.4M | $22.2M | $23.7M | $21.5M | $19.1M | $17.4M | $15.2M | $0 | $22.5M | $8.2M |
| FCF Margin | 23.9% | 25.2% | - | - | 26.3% | - | - | 16.7% | 20.6% | 24.4% | - | - | - | - | - |