Churchill Historical Cash Flow
| CHDN Stock | USD 129.44 0.21 0.16% |
Analysis of Churchill Downs cash flow over time is an excellent tool to project Churchill Downs rporated future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Working Capital of 9.1 M or Begin Period Cash Flow of 214.9 M as it is a great indicator of Churchill Downs ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About Churchill Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Churchill balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Churchill's non-liquid assets can be easily converted into cash.
Churchill Downs Cash Flow Chart
Churchill Cash Flow Statement became part of mandatory reporting in 1987. It is now one of three main statements in accounting used to measure how well a company manages its liquidity and overall cash position. The rate of cash utilization and preservation is now part of the leading indicators of a healthy entity, and the Churchill Downs rporated Cash Flow Statement shows how well the company generates cash to payout debt obligations or to cover ongoing operating expenses.
At this time, Churchill Downs' Net Income is very stable compared to the past year. As of the 29th of April 2024, End Period Cash Flow is likely to grow to about 232.9 M, though Free Cash Flow is likely to grow to (67.2 M). Add Fundamental
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Churchill Downs rporated to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Churchill Downs operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Churchill Downs' cash flow statement are interrelated and interconnected. However, analyzing cash flow 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 cash flow 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' Net Income is very stable compared to the past year. As of the 29th of April 2024, End Period Cash Flow is likely to grow to about 232.9 M, though Free Cash Flow is likely to grow to (67.2 M).
Churchill Downs cash flow statement Correlations
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Churchill Downs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Churchill Downs cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (30.8M) | (21.5M) | 234.6M | (150.9M) | 17.1M | 18.0M | |
| Free Cash Flow | 126.3M | (92.3M) | 243.7M | 80M | (70.7M) | (67.2M) | |
| Change In Working Capital | 5.8M | 76.3M | 77.5M | 36.6M | 7.7M | 9.1M | |
| Begin Period Cash Flow | 173.3M | 142.5M | 121M | 355.6M | 204.7M | 214.9M | |
| Other Cashflows From Financing Activities | (18M) | (18.6M) | (17.6M) | 2.8B | (24.8M) | (23.6M) | |
| Depreciation | 101M | 97.9M | 108.5M | 119M | 175.2M | 184.0M | |
| Other Non Cash Items | (9.7M) | 25M | (137.2M) | (198.7M) | (74.7M) | (71.0M) | |
| Capital Expenditures | 163.3M | 234.2M | 91.8M | 456.8M | 676.5M | 710.3M | |
| Total Cash From Operating Activities | 289.6M | 141.9M | 335.5M | 536.8M | 605.8M | 636.1M | |
| Net Income | 137.2M | (82.1M) | 249.1M | 439.4M | 417.3M | 438.2M | |
| Total Cash From Financing Activities | (933.3M) | 460.8M | 76M | 2.4B | 129.3M | 83.2M | |
| End Period Cash Flow | 142.5M | 121M | 355.6M | 204.7M | 221.8M | 232.9M | |
| Dividends Paid | 22.2M | 23.4M | 24.8M | 26M | 27.1M | 50.5M | |
| Sale Purchase Of Stock | (95M) | (28.4M) | (297.5M) | (174.9M) | (55.9M) | (58.7M) | |
| Stock Based Compensation | 23.8M | 23.7M | 27.8M | 31.8M | 32.9M | 34.5M | |
| Other Cashflows From Investing Activities | (239.9M) | (5.2M) | (8.6M) | (2.7B) | (2.4B) | (2.3B) | |
| Change To Netincome | 45.6M | 49.8M | (99.6M) | (58.2M) | (52.4M) | (49.8M) | |
| Change To Liabilities | (6.8M) | 81.4M | 23.6M | 15.5M | 17.8M | 11.6M | |
| Total Cashflows From Investing Activities | (781.2M) | (239.4M) | (100.4M) | (3.1B) | (2.8B) | (2.7B) | |
| Net Borrowings | 587.1M | 144.4M | 332.5M | 2.6B | 3.0B | 3.2B | |
| Cash And Cash Equivalents Changes | (30.8M) | (21.5M) | 358.6M | (176.9M) | (203.4M) | (193.3M) | |
| Cash Flows Other Operating | 17.2M | (100K) | 308.3M | 465.8M | 535.7M | 562.5M | |
| Investments | (410.1M) | (239.4M) | (100.4M) | (3.1B) | (3.5B) | (3.4B) | |
| Change To Operating Activities | 12.6M | 118.9M | 53.9M | 21.1M | 24.3M | 15.4M |
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
| 0.53 | M | Macys Inc Financial Report 6th of June 2024 | PairCorr |
| 0.48 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.47 | DIN | Dine Brands Global Financial Report 1st of May 2024 | PairCorr |
| 0.45 | BLMN | Bloomin Brands | PairCorr |
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.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 Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Churchill Stock analysis
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.