Churchill Historical Income Statement

CHDN Stock  USD 129.44  0.21  0.16%   
Historical analysis of Churchill Downs income statement accounts such as Interest Expense of 281.8 M, Selling General Administrative of 212.4 M or Total Revenue of 2.6 B can show how well Churchill Downs Incorporated performed in making a profits. Evaluating Churchill Downs income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Churchill Downs's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Churchill Downs rporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Churchill Downs rporated is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

About Churchill Income Statement Analysis

Churchill Downs rporated Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Churchill Downs shareholders. The income statement also shows Churchill investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Churchill Downs Income Statement Chart

Churchill Downs Incorporated Income Statement is one of the three primary financial statements used for reporting Churchill's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Churchill Downs rporated revenue and expense. Churchill Downs Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Churchill Downs' Operating Income is very stable compared to the past year. As of the 29th of April 2024, EBIT is likely to grow to about 782.9 M, though Discontinued Operations is likely to grow to (104.2 M).

Total Revenue

Total revenue comprises all receipts Churchill Downs rporated generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Churchill Downs Incorporated minus its cost of goods sold. It is profit before Churchill Downs operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Churchill Downs rporated. It is also known as Churchill Downs overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Churchill Downs rporated income statement and represents the costs associated with goods and services Churchill Downs provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Churchill Downs' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Churchill Downs rporated current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
At this time, Churchill Downs' Operating Income is very stable compared to the past year. As of the 29th of April 2024, EBIT is likely to grow to about 782.9 M, though Discontinued Operations is likely to grow to (104.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit446.1M566.4M795.7M835.5M
Total Revenue1.6B1.8B2.5B2.6B

Churchill Downs income statement Correlations

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Churchill Downs Account Relationship Matchups

Churchill Downs income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization157.9M97.9M108.5M119M175.2M184.0M
Interest Expense70.9M80M84.7M147.3M268.4M281.8M
Selling General Administrative122M114.8M138.5M164.2M202.3M212.4M
Total Revenue1.3B1.1B1.6B1.8B2.5B2.6B
Gross Profit343M193.5M446.1M566.4M795.7M835.5M
Other Operating Expenses1.1B975.3M1.3B1.4B1.9B2.0B
Operating Income215.7M106.5M451.5M561.9M564M592.2M
Ebit215.7M106.5M451.5M561.9M745.6M782.9M
Ebitda373.6M204.4M560M680.9M920.8M966.8M
Cost Of Revenue986.7M860.5M1.2B1.2B1.7B1.7B
Total Operating Expenses122M114.8M138.5M164.2M202.3M212.4M
Income Before Tax196.4M8M343.6M608.8M561.8M589.9M
Total Other Income Expense Net(19.3M)(98.5M)(107.9M)46.9M236.8M248.6M
Net Income137.5M13.3M249.1M439.4M417.3M438.2M
Income Tax Expense56.8M(5.3M)94.5M169.4M144.5M151.7M
Net Income Applicable To Common Shares137.5M(81.9M)249.1M439.4M505.3M530.6M
Discontinued Operations18.1M170.2M(2.4M)(95.4M)(109.7M)(104.2M)
Net Income From Continuing Ops139.6M13.3M249.1M439.4M417.3M438.2M
Research Development8.8M9.4M10.3M10.7M11.2M10.9M
Non Operating Income Net Other51.6M27.8M143.9M434.3M499.4M524.4M
Tax Provision56.8M(5.3M)94.5M169.4M144.5M73.1M
Net Interest Income(70.9M)(80M)(84.7M)(147.3M)(268.4M)(255.0M)
Reconciled Depreciation101M97.9M108.5M119M175.2M122.6M

Churchill Downs Investors Sentiment

The influence of Churchill Downs' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Churchill. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Churchill Downs' public news can be used to forecast risks associated with an investment in Churchill. The trend in average sentiment can be used to explain how an investor holding Churchill can time the market purely based on public headlines and social activities around Churchill Downs Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Churchill Downs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Churchill Downs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Churchill Downs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Churchill Downs.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Churchill Downs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Churchill Downs' short interest history, or implied volatility extrapolated from Churchill Downs options trading.

Pair Trading with Churchill Downs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.

Moving against Churchill Stock

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The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs rporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Churchill Downs rporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Churchill Downs rporated information on this page should be used as a complementary analysis to other Churchill Downs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Churchill Downs' price analysis, check to measure Churchill Downs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
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Is Churchill Downs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Dividend Share
0.382
Earnings Share
4.52
Revenue Per Share
33.286
Quarterly Revenue Growth
0.056
The market value of Churchill Downs rporated is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.