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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Churchill Downs Inc cash flow reconciliation, Jan 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: $325,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $115,000,000.00Distributions from unconsolidated affiliates → Operating adjustments reconciliation: $72,000,000.00Income taxes → Operating adjustments reconciliation: $55,000,000.00Deferred income taxes → Operating adjustments reconciliation: $42,000,000.00Stock-based compensation → Operating adjustments reconciliation: $13,000,000.00Other → Operating adjustments reconciliation: $5,000,000.00Amortization of operating lease assets → Operating adjustments reconciliation: $3,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $187,000,000.00Operating adjustments reconciliation → Equity in income of unconsolidated affiliates: $77,000,000.00Operating adjustments reconciliation → Deferred revenue: $31,000,000.00Operating adjustments reconciliation → Other assets and liabilities: $10,000,000.00investing reconciliation → Capital project expenditures: $79,000,000.00investing reconciliation → Capital maintenance expenditures: $38,000,000.00investing reconciliation → Other: $2,000,000.00Net cash used in financing activities → financing reconciliation: $387,000,000.00Proceeds from borrowings under long-term debt obligations → financing reconciliation: $646,000,000.00Change in bank overdraft → financing reconciliation: $8,000,000.00financing reconciliation → Repayments of borrowings under long-term debt obligations: $1,006,000,000.00financing reconciliation → Payment of dividends: $31,000,000.00financing reconciliation → Taxes paid related to net share settlement of stock awards: $3,000,000.00financing reconciliation → Other: $1,000,000.00Net cash used in investing activities → investing reconciliation: $119,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $289,000,000.00Net cash from operating activities → Cash sources and uses: $512,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $295,000,000.00Cash sources and uses → Net cash used in investing activities: $119,000,000.00Cash sources and uses → Net cash used in financing activities: $387,000,000.00Net income: $325,000,000.00Net income+$325.00 MDepreciation and amortization: $115,000,000.00Depreciation & amortization+$115.00 MDistributions from unconsolidated affiliates: $72,000,000.00Equity-method distributions+$72.00 MEquity in income of unconsolidated affiliates: -$77,000,000.00Equity-method results−$77.00 MStock-based compensation: $13,000,000.00Stock-based compensation+$13.00 MDeferred income taxes: $42,000,000.00Deferred tax balances+$42.00 MAsset impairments: $0.00Amortization of operating lease assets: $3,000,000.00Operating lease amortization+$3.00 MOther: $5,000,000.00Other non-cash items+$5.00 MIncome taxes: $55,000,000.00Income taxes payable+$55.00 MDeferred revenue: -$31,000,000.00Unearned revenue−$31.00 MOther assets and liabilities: -$10,000,000.00Other working capital, net−$10.00 MNet cash from operating activities: $512,000,000.00Operating cash+$512.00 MOperating adjustments reconciliation: $305,000,000.00Proceeds from borrowings under long-term debt obligations: $646,000,000.00Long-term debt issued+$646.00 MRepayments of borrowings under long-term debt obligations: -$1,006,000,000.00Other long-term debt repaid−$1.01 BPayment of dividends: -$31,000,000.00Dividends paid−$31.00 MRepurchase of common stock: $0.00Taxes paid related to net share settlement of stock awards: -$3,000,000.00Stock-award tax withholding−$3.00 MChange in bank overdraft: $8,000,000.00Bank overdrafts, net+$8.00 MOther: -$1,000,000.00Other financing, net−$1.00 MNet cash used in financing activities: -$387,000,000.00. Cash required to fund net payments.Financing cash−$387.00 Mfinancing reconciliation: $1,041,000,000.00Capital maintenance expenditures: -$38,000,000.00Capital improvements−$38.00 MCapital project expenditures: -$79,000,000.00Other PP&E purchases−$79.00 MOther: -$2,000,000.00Other investing, net−$2.00 MNet cash used in investing activities: -$119,000,000.00. Cash required to fund net payments.Investing cash−$119.00 Minvesting reconciliation: $119,000,000.00Cash sources and uses: $801,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $289,000,000.00Beginning cash$289.00 MEnding cash: Cash, cash equivalents, and restricted cash: $295,000,000.00Ending cash$295.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income1.58×Operating cash flow ÷ net incomeNet cash change+$6.00 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
289,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
512,000,000 US dollars. Net cash provided.
Net income
325,000,000 US dollars
Depreciation and amortization
115,000,000 US dollars
Distributions from unconsolidated affiliates
72,000,000 US dollars
Equity in income of unconsolidated affiliates
negative 77,000,000 US dollars
Stock-based compensation
13,000,000 US dollars
Deferred income taxes
42,000,000 US dollars
Asset impairments
0 US dollars
Amortization of operating lease assets
3,000,000 US dollars
Other
5,000,000 US dollars
Income taxes
55,000,000 US dollars
Deferred revenue
negative 31,000,000 US dollars
Other assets and liabilities
negative 10,000,000 US dollars
Investing activities
negative 119,000,000 US dollars. Net cash used.
Capital maintenance expenditures
negative 38,000,000 US dollars
Capital project expenditures
negative 79,000,000 US dollars
Other
negative 2,000,000 US dollars
Financing activities
negative 387,000,000 US dollars. Net cash used.
Proceeds from borrowings under long-term debt obligations
646,000,000 US dollars
Repayments of borrowings under long-term debt obligations
negative 1,006,000,000 US dollars
Payment of dividends
negative 31,000,000 US dollars
Repurchase of common stock
0 US dollars
Taxes paid related to net share settlement of stock awards
negative 3,000,000 US dollars
Change in bank overdraft
8,000,000 US dollars
Other
negative 1,000,000 US dollars
Operating adjustment reconciliation
305,000,000 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
1,041,000,000 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
119,000,000 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
801,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
6,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.58×. 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $187.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced 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 YTD 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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