Description
Overview of Full Churchill Downs Incorporated Fiscal Year 2023
Goals and Objectives of the Research
Research Objective: To study Churchill Downs Incorporated publicly available financial information, determine the company's development strategy, and compile an overview of its Annual Financial Reports.
Research Tasks:
- Find the company’s comprehensive financial and corporate information;
- Analyse the gathered information;
- Draw conclusions based on the analysed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- CDI - Churchill Downs Incorporated;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Churchill Downs Incorporated report period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
The main discoveries outlined in the report are as follows:
- Churchill Downs Incorporated is an American publicly traded holding company that manages historic racing venues, online platforms for horse racing wagering in the United States, casino properties, hotels, and retail sports books.
- The company was established as a corporation in Kentucky in 1928.
- On August 22, 2023, the company finalized its acquisition of Exacta for an initial purchase price of $248.2 million, adjusted for cash obtained, comprising a $241.3 million cash payment and $6.9 million in deferred payments spread over a two-year period.
