Churchill Downs Inc (CHDN) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Churchill Downs Inc cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $217,000,000.00Net income → Operating adjustments reconciliation: $25,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $59,000,000.00Income taxes → Operating adjustments reconciliation: $44,000,000.00Distributions from unconsolidated affiliates → Operating adjustments reconciliation: $36,000,000.00Deferred income taxes → Operating adjustments reconciliation: $23,000,000.00Stock-based compensation → Operating adjustments reconciliation: $8,000,000.00Other → Operating adjustments reconciliation: $3,000,000.00Amortization of operating lease assets → Operating adjustments reconciliation: $1,000,000.00Operating adjustments reconciliation → Deferred revenue: $134,000,000.00Operating adjustments reconciliation → Equity in income of unconsolidated affiliates: $41,000,000.00Operating adjustments reconciliation → Other assets and liabilities: $24,000,000.00Net cash used in investing activities → investing reconciliation: $58,000,000.00investing reconciliation → Capital project expenditures: $39,000,000.00investing reconciliation → Capital maintenance expenditures: $19,000,000.00Net cash used in financing activities → financing reconciliation: $155,000,000.00Proceeds from borrowings under long-term debt obligations → financing reconciliation: $401,000,000.00Change in bank overdraft → financing reconciliation: $2,000,000.00financing reconciliation → Repayments of borrowings under long-term debt obligations: $557,000,000.00financing reconciliation → Other: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $291,000,000.00Net cash from operating activities → Cash sources and uses: $217,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $295,000,000.00Cash sources and uses → Net cash used in investing activities: $58,000,000.00Cash sources and uses → Net cash used in financing activities: $155,000,000.00Net income: $242,000,000.00Net income+$242.00 MDepreciation and amortization: $59,000,000.00Depreciation & amortization+$59.00 MDistributions from unconsolidated affiliates: $36,000,000.00Equity-method distributions+$36.00 MEquity in income of unconsolidated affiliates: -$41,000,000.00Equity-method results−$41.00 MStock-based compensation: $8,000,000.00Stock-based compensation+$8.00 MDeferred income taxes: $23,000,000.00Deferred tax balances+$23.00 MAsset impairments: $0.00Amortization of operating lease assets: $1,000,000.00Operating lease amortization+$1.00 MOther: $3,000,000.00Other non-cash items+$3.00 MIncome taxes: $44,000,000.00Income taxes payable+$44.00 MDeferred revenue: -$134,000,000.00Unearned revenue−$134.00 MOther assets and liabilities: -$24,000,000.00Other working capital, net−$24.00 MNet cash from operating activities: $217,000,000.00Operating cash+$217.00 MOperating adjustments reconciliation: $199,000,000.00Proceeds from borrowings under long-term debt obligations: $401,000,000.00Long-term debt issued+$401.00 MRepayments of borrowings under long-term debt obligations: -$557,000,000.00Other long-term debt repaid−$557.00 MPayment of dividends: $0.00Repurchase of common stock: $0.00Taxes paid related to net share settlement of stock awards: $0.00Change in bank overdraft: $2,000,000.00Bank overdrafts, net+$2.00 MOther: -$1,000,000.00Other financing, net−$1.00 MNet cash used in financing activities: -$155,000,000.00. Cash required to fund net payments.Financing cash−$155.00 Mfinancing reconciliation: $558,000,000.00Capital maintenance expenditures: -$19,000,000.00Capital improvements−$19.00 MCapital project expenditures: -$39,000,000.00Other PP&E purchases−$39.00 MOther: $0.00Net cash used in investing activities: -$58,000,000.00. Cash required to fund net payments.Investing cash−$58.00 Minvesting reconciliation: $58,000,000.00Cash sources and uses: $508,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $291,000,000.00Beginning cash$291.00 MEnding cash: Cash, cash equivalents, and restricted cash: $295,000,000.00Ending cash$295.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income0.897×Operating cash flow ÷ net incomeNet cash change+$4.00 MEnding cash − beginning cash
Chart details

Churchill Downs Inc cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
291,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
217,000,000 US dollars. Net cash provided.
Net income
242,000,000 US dollars
Depreciation and amortization
59,000,000 US dollars
Distributions from unconsolidated affiliates
36,000,000 US dollars
Equity in income of unconsolidated affiliates
negative 41,000,000 US dollars
Stock-based compensation
8,000,000 US dollars
Deferred income taxes
23,000,000 US dollars
Asset impairments
0 US dollars
Amortization of operating lease assets
1,000,000 US dollars
Other
3,000,000 US dollars
Income taxes
44,000,000 US dollars
Deferred revenue
negative 134,000,000 US dollars
Other assets and liabilities
negative 24,000,000 US dollars
Investing activities
negative 58,000,000 US dollars. Net cash used.
Capital maintenance expenditures
negative 19,000,000 US dollars
Capital project expenditures
negative 39,000,000 US dollars
Other
0 US dollars
Financing activities
negative 155,000,000 US dollars. Net cash used.
Proceeds from borrowings under long-term debt obligations
401,000,000 US dollars
Repayments of borrowings under long-term debt obligations
negative 557,000,000 US dollars
Payment of dividends
0 US dollars
Repurchase of common stock
0 US dollars
Taxes paid related to net share settlement of stock awards
0 US dollars
Change in bank overdraft
2,000,000 US dollars
Other
negative 1,000,000 US dollars
Operating adjustment reconciliation
199,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
558,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
58,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
295,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
508,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
4,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.897×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $217.00M of net income directly to operating cash and $25.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
Churchill Downs Inc (CHDN) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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