Churchill Downs Q2 2024 10-Q Filed

Ticker: CHDN · Form: 10-Q · Filed: 2024-07-24T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, gaming, racing

TL;DR

CDI 10-Q is in! Check Q2 2024 results for Racing, TwinSpires, Gaming segments.

AI Summary

Churchill Downs Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for its various segments, including Live and Historical Racing, TwinSpires, and Gaming. Specific financial figures for these segments during the second quarter and year-to-date periods of 2024 and 2023 are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance data for Churchill Downs Inc., crucial for understanding the company's operational health and future prospects in the racing and gaming industry.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, but the overall risk level is medium due to the inherent volatility of the gaming and racing industries and the potential for significant financial fluctuations.

Key Numbers

Key Players & Entities

FAQ

What were the key financial highlights for Churchill Downs Inc. in Q2 2024?

The 10-Q filing for the period ending June 30, 2024, details the financial performance of Churchill Downs Inc.'s segments, including Live and Historical Racing, TwinSpires, and Gaming, for Q2 2024 and year-to-date.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted on July 24, 2024.

Which business segments are specifically mentioned in the filing?

The filing specifically mentions the 'Live and Historical Racing', 'TwinSpires', and 'Gaming' segments of Churchill Downs Inc.

What is the fiscal year end for Churchill Downs Inc.?

Churchill Downs Inc.'s fiscal year ends on December 31.

What is the SIC code for Churchill Downs Inc.?

The Standard Industrial Classification (SIC) code for Churchill Downs Inc. is 7948, which corresponds to 'SERVICES-RACING, INCLUDING TRACK OPERATION'.

From the Filing

0000020212-24-000105.txt : 20240724 0000020212-24-000105.hdr.sgml : 20240724 20240724164158 ACCESSION NUMBER: 0000020212-24-000105 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 88 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240724 DATE AS OF CHANGE: 20240724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Churchill Downs Inc CENTRAL INDEX KEY: 0000020212 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 610156015 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33998 FILM NUMBER: 241138554 BUSINESS ADDRESS: STREET 1: 600 N HURSTBOURNE PKWY STREET 2: STE 400 CITY: LOUISVILLE STATE: KY ZIP: 40222-5389 BUSINESS PHONE: 15023941166 MAIL ADDRESS: STREET 1: 600 N HURSTBOURNE PKWY STREET 2: STE 400 CITY: LOUISVILLE STATE: KY ZIP: 40222-5389 FORMER COMPANY: FORMER CONFORMED NAME: CHURCHILL DOWNS Inc DATE OF NAME CHANGE: 20160105 FORMER COMPANY: FORMER CONFORMED NAME: CHURCHILL DOWNS INC DATE OF NAME CHANGE: 19920703 10-Q 1 chdn-20240630.htm 10-Q chdn-20240630 0000020212 12-31 2024 Q2 FALSE P3Y P3Y P1Y http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember 6 1 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure chdn:segment chdn:performanceCondition chdn:performanceCriteria 0000020212 2024-01-01 2024-06-30 0000020212 2024-07-17 0000020212 chdn:LiveAndHistoricalRacingMember 2024-04-01 2024-06-30 0000020212 chdn:LiveAndHistoricalRacingMember 2023-04-01 2023-06-30 0000020212 chdn:LiveAndHistoricalRacingMember 2024-01-01 2024-06-30 0000020212 chdn:LiveAndHistoricalRacingMember 2023-01-01 2023-06-30 0000020212 chdn:TwinSpiresMember 2024-04-01 2024-06-30 0000020212 chdn:TwinSpiresMember 2023-04-01 2023-06-30 0000020212 chdn:TwinSpiresMember 2024-01-01 2024-06-30 0000020212 chdn:TwinSpiresMember 2023-01-01 2023-06-30 0000020212 chdn:GamingMember 2024-04-01 2024-06-30 0000020212 chdn:GamingMember 2023-04-01 2023-06-30 0000020212 chdn:GamingMember 2024-01-01 2024-06-30 0000020212 chdn:GamingMember 2023-01-01 2023-06-30 0000020212 us-gaap:ProductAndServiceOtherMember 2024-04-01 2024-06-30 0000020212 us-gaap:ProductAndServiceOtherMember 2023-04-01 2023-06-30 0000020212 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-06-30 0000020212 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-06-30 0000020212 2024-04-01 2024-06-30 0000020212 2023-04-01 2023-06-30 0000020212 2023-01-01 2023-06-30 0000020212 2024-06-30 0000020212 2023-12-31 0000020212 us-gaap:CommonStockMember 2023-12-31 0000020212 us-gaap:RetainedEarningsMember 2023-12-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000020212 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000020212 2024-01-01 2024-03-31 0000020212 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000020212 us-gaap:CommonStockMember 2024-03-31 0000020212 us-gaap:RetainedEarningsMember 2024-03-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000020212 2024-03-31 0000020212 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000020212 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0000020212 us-gaap:CommonStockMember 2024-06-30 0000020212 us-gaap:RetainedEarningsMember 2024-06-30 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000020212 us-gaap:CommonStockMember 2022-12-31 0000020212 us-gaap:RetainedEarningsMember 2022-12-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000020212 2022-12-31 0000020212 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000020212 2023-01-01 2023-03-31 0000020212 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000020212 us-gaap:CommonStockMember 2023-03-31 0000020212 us-gaap:RetainedEarningsMember 2023-03-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000020212 2023-0

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