Churchill Downs Inc
For the period ended Mar 31, 2026. Filed Apr 22, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 22, 2026
CHDN$101.96+3.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets at and
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in millions) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $200 | $201 |
| Restricted cash | 91 | 88 |
| Accounts receivable, net | 99 | 93 |
| Income taxes receivable | 6 | 17 |
| Other current assets | 56 | 44 |
| Total current assets | 452 | 443 |
| Property and equipment, net | 2,910 | 2,919 |
| Investment in and advances to unconsolidated affiliates | 685 | 685 |
| Goodwill | 900 | 900 |
| Other intangible assets, net | 2,516 | 2,515 |
| Other assets | 22 | 23 |
| Total assets | $7,485 | $7,485 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $218 | $184 |
| Accrued expenses and other current liabilities | 397 | 400 |
| Current deferred revenue | 158 | 55 |
| Current maturities of long-term debt | 63 | 63 |
| Dividends payable | — | 31 |
| Total current liabilities | 836 | 733 |
| Long-term debt, net of current maturities and loan origination fees | 1,783 | 1,986 |
| Notes payable, net of debt issuance costs | 3,082 | 3,081 |
| Non-current deferred revenue | 15 | 15 |
| Deferred income taxes | 539 | 520 |
| Other liabilities | 86 | 94 |
| Total liabilities | 6,341 | 6,429 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interest | 48 | 46 |
| Shareholders' equity: | ||
| Preferred stock | — | — |
| Common stock | 3 | — |
| Retained earnings | 1,094 | 1,011 |
| Accumulated other comprehensive loss | (1) | (1) |
| Total Churchill Downs Incorporated shareholders' equity | 1,096 | 1,010 |
| Total liabilities and shareholders' equity | $7,485 | $7,485 |
FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026
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