CHDN Stock Cash Flow Statements

Churchill Downs Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Churchill Downs Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30

cash flows from operating activities:
net income	217,600,000	77,200,000	72,300,000	66,200,000	210,200,000	80,400,000	57,600,000	61,000,000	1,000,000	57,000,000	339,300,000	42,100,000	43,300,000	61,400,000	108,300,000	36,100,000	17,100,000	43,100,000	-118,800,000	-23,500,000	3,700,000	14,800,000	107,100,000	11,600,000	11,400,000	56,300,000	103,100,000	182,000,000	38,200,000	16,700,000	78,300,000	7,300,000	26,800,000	8,700,000	69,800,000	2,800,000				-1,558,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	57,800,000	59,200,000	53,400,000	49,600,000	49,200,000	46,900,000	47,200,000	42,100,000	35,000,000	27,500,000	26,100,000	25,100,000	25,300,000	25,900,000	26,000,000	26,000,000	26,400,000	22,400,000	22,100,000	22,000,000	32,100,000	22,000,000	21,500,000	20,800,000	17,800,000	16,700,000	15,300,000	13,800,000	23,800,000	24,000,000	24,800,000	24,500,000	27,200,000	27,500,000	26,900,000	27,000,000	27,577,000	27,452,000	27,270,000	27,407,000	19,933,000	17,280,000	15,760,000	15,284,000	15,928,000	15,796,000
distributions from unconsolidated affiliates	31,400,000	31,400,000	24,900,000	32,100,000	36,700,000	45,000,000	28,500,000	34,900,000	39,000,000	40,000,000	37,300,000	40,600,000	31,700,000	30,200,000	25,500,000	22,000,000	17,900,000	8,000,000	3,500,000	1,300,000	13,400,000	13,200,000	5,500,000	6,000,000
equity in income of unconsolidated affiliates	-37,100,000	-33,300,000	-36,000,000	-33,400,000	-37,700,000	-37,800,000	-35,900,000	-33,300,000	-37,300,000	-42,400,000	-40,500,000	-32,500,000	-40,200,000				-14,500,000				-22,900,000	-14,100,000	-9,500,000	-4,100,000
stock-based compensation	7,200,000	3,600,000	12,900,000	7,100,000	8,900,000	7,200,000	8,100,000	8,100,000	8,300,000	9,100,000	7,400,000	7,000,000	7,400,000	7,800,000	7,100,000	5,500,000	6,400,000	6,900,000	6,100,000	4,300,000	6,200,000	5,500,000	7,400,000	4,700,000	4,600,000	3,900,000	6,500,000	6,100,000	9,600,000	5,800,000	6,800,000	4,900,000	4,600,000	4,900,000	5,300,000	4,100,000
deferred income taxes			14,900,000	9,900,000	14,800,000	4,900,000	2,100,000	12,900,000	82,000,000	6,300,000	10,200,000	10,200,000	-3,000,000	5,400,000	1,700,000	5,700,000	8,500,000	17,400,000	-22,900,000	-1,900,000	9,500,000	9,900,000	5,700,000	6,400,000	11,800,000	17,800,000	4,800,000	2,100,000	-52,000,000
asset impairments			0				100,000	0	33,400,000	0	0	4,900,000	4,100,000	0
amortization of operating lease assets	1,600,000	1,600,000	1,500,000	1,400,000	1,300,000	1,400,000	1,400,000	1,300,000	1,400,000	1,200,000	1,400,000	1,300,000	1,000,000	1,600,000	2,500,000	200,000	1,300,000	1,200,000	1,300,000	1,200,000
other	1,700,000	2,300,000	600,000	4,300,000	3,100,000	1,700,000	-1,100,000	2,900,000	1,600,000	2,900,000	1,700,000	1,200,000	-600,000	2,800,000	1,900,000	1,200,000	1,000,000	1,700,000	900,000	900,000	800,000	900,000	700,000	400,000	600,000	500,000	800,000	900,000	700,000	300,000	400,000	300,000	500,000	400,000	400,000	700,000	3,452,000	403,000	402,000	402,000	161,000	156,000	153,000	149,000	134,000	134,000
changes in operating assets and liabilities:
income taxes	62,200,000	19,000,000	-21,600,000	-35,800,000	35,900,000	17,000,000	-7,100,000	-35,600,000	-99,100,000	-26,700,000	147,600,000	6,400,000	-10,900,000	-15,700,000	30,300,000	9,200,000	-8,100,000	-3,800,000	-11,700,000	-10,700,000	-13,000,000	-16,400,000	31,600,000	300,000	-17,400,000	-24,100,000	2,900,000	52,400,000	-51,900,000	-25,500,000	43,400,000	6,600,000	-34,700,000	-7,700,000	41,500,000	-5,700,000
deferred revenue	-130,900,000	93,900,000	26,000,000	7,600,000	-125,800,000	80,100,000	45,000,000	4,700,000	21,900,000	3,300,000	-94,200,000	56,300,000	22,300,000	1,000,000	-33,600,000	21,000,000	-6,400,000	-45,400,000	-9,900,000	53,400,000	26,700,000	900,000	-83,100,000	46,200,000	33,300,000	100,000	-79,500,000	35,800,000	44,600,000	7,500,000	-77,300,000	42,400,000	25,400,000	-3,300,000	-58,100,000	53,900,000	25,004,000	12,907,000	-55,517,000	55,939,000	25,436,000	1,046,000	-58,942,000	33,099,000	23,129,000	-830,000
other assets and liabilities	22,200,000	-8,400,000	-18,300,000	56,500,000	20,400,000	7,900,000	-39,400,000	-2,800,000	-900,000	-34,500,000	83,900,000	-27,400,000	-11,900,000	-22,000,000	85,600,000	2,200,000	-169,000,000	36,500,000	151,700,000	-24,300,000	-31,700,000	9,200,000	57,100,000	-22,000,000	100,000	-38,600,000	55,900,000	-11,400,000	3,300,000	9,400,000	-6,000,000	-1,200,000	2,500,000	1,900,000	-3,900,000	800,000	-5,696,000	485,000	1,488,000	3,648,000	-800,000	247,000	1,580,000	511,000	1,478,000	411,000
net cash from operating activities	239,600,000	246,500,000	130,600,000	169,400,000	217,000,000	254,700,000	106,500,000	96,200,000	86,300,000	43,700,000	245,600,000	135,200,000	68,500,000	180,700,000	230,100,000	-19,800,000	4,600,000	60,400,000	33,400,000	43,500,000	29,400,000	45,900,000	144,000,000	70,300,000	62,400,000	-26,900,000	106,400,000	55,900,000	54,000,000	-6,900,000	96,500,000	74,600,000	37,800,000	22,200,000	100,200,000	66,600,000	41,330,000	29,018,000	104,504,000	89,674,000	27,374,000	-4,843,000	67,157,000	51,931,000	30,542,000	14,109,000
capex	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,600,000	-18,100,000	-16,400,000	-12,672,000	-8,157,000	-12,897,000	-9,784,000	-5,632,000	-10,379,000	-18,306,000	-20,169,000	-18,913,000	-6,086,000
free cash flows	239,600,000	246,500,000	130,600,000	169,400,000	217,000,000	254,700,000	106,500,000	96,200,000	86,300,000	43,700,000	245,600,000	135,200,000	68,500,000	180,700,000	230,100,000	-19,800,000	4,600,000	60,400,000	33,400,000	43,500,000	29,400,000	45,900,000	144,000,000	70,300,000	62,400,000	-26,900,000	106,400,000	55,900,000	54,000,000	-6,900,000	96,500,000	74,600,000	37,800,000	12,600,000	82,100,000	50,200,000	28,658,000	20,861,000	91,607,000	79,890,000	21,742,000	-15,222,000	48,851,000	31,762,000	11,629,000	8,023,000
cash flows from investing activities:
capital maintenance expenditures	-18,900,000	-12,600,000	-33,800,000	-15,000,000	-22,400,000	-12,400,000	-25,300,000	-22,200,000	-13,100,000	-14,100,000	-13,000,000	-10,000,000	-17,200,000	-8,600,000	-9,000,000	-4,700,000	-4,800,000	-5,000,000	-4,200,000	-9,000,000	-10,600,000	-11,500,000	-12,300,000	-13,900,000	-9,700,000	-6,200,000	-6,200,000	-7,500,000	-6,600,000	-8,800,000	-7,700,000	-10,200,000
capital project expenditures	-65,800,000	-67,500,000	-95,600,000	-110,600,000	-114,600,000	-142,600,000	-153,100,000	-163,500,000	-146,700,000	-82,500,000	-98,600,000	-45,500,000	-22,500,000	-13,900,000	-8,300,000	-7,600,000	-19,300,000	-73,800,000	-78,800,000	-39,300,000	-29,600,000	-20,700,000	-18,400,000	-14,200,000	-14,200,000	-46,900,000	-32,200,000	-26,500,000	-21,200,000	-16,300,000	-18,800,000	-27,300,000
net cash from investing activities	-86,000,000	-80,100,000	-129,400,000	-125,700,000	-136,700,000	-153,400,000	-168,500,000	-430,500,000	-2,996,700,000	-211,600,000	167,400,000	-62,800,000	-45,200,000	-24,700,000	-18,200,000	-12,300,000	-26,600,000	-81,000,000	-83,500,000	-48,300,000	-90,600,000	-36,700,000	-34,800,000	-619,100,000	-24,800,000	-43,500,000	-44,300,000	936,700,000	-29,000,000	-27,300,000	-45,900,000	-51,400,000	-4,500,000	-10,600,000	-20,600,000	-15,000,000	-37,131,000	-10,382,000	-12,888,000	-5,084,000	-380,885,000	-12,211,000	-19,335,000	-27,877,000	-60,930,000	-178,418,000
cash flows from financing activities:
proceeds from borrowings under long-term debt obligations	421,800,000	219,700,000	215,100,000	133,000,000	261,900,000	355,500,000	350,300,000	197,500,000	1,642,400,000	20,000,000			0	0	0	780,800,000	100,000	-100,000	6,300,000	719,800,000	300,000	700,000	3,400,000	1,231,900,000	5,300,000	12,500,000
repayments of borrowings under long-term debt obligations	-295,300,000	-251,400,000	-143,300,000	-159,200,000	-331,600,000	-266,700,000	-238,900,000	-95,700,000	-200,100,000	-1,800,000	-1,700,000	-1,800,000	-1,700,000	-1,800,000	-1,700,000	-425,700,000	-546,000,000	-1,000,000	-1,000,000	-32,400,000	-1,300,000	-1,700,000	-4,400,000	-632,900,000	-6,300,000	-13,400,000
payment of dividends	-100,000	-30,100,000	-500,000	100,000	-200,000	-28,600,000	-300,000	-100,000	-300,000	0	0	-25,700,000	0	0	0	-24,800,000	0	0	0	-23,400,000	0	0	0	-22,200,000	-200,000	0	200,000	-23,700,000	300,000	0	0	-21,800,000	0	0	0	-19,100,000	0	0	0	-17,419,000	0	0	0	-15,186,000
repurchase of common stock	-254,500,000	-86,400,000	-27,300,000	-4,000,000	-13,000,000	-141,700,000	-20,100,000	-35,300,000	-31,400,000	-59,000,000	-60,200,000	-24,300,000	-55,100,000	-48,500,000	0	-193,900,000	0	0	0	-28,400,000	-28,200,000	-21,300,000	-11,400,000	-34,100,000	-32,300,000	0	-300,000	-514,400,000	-9,800,000	-100,000	-172,400,000	-8,600,000	-19,000,000	-2,400,000	-16,800,000	-800,000				-4,870,000	0	0	-54,159,000	-7,402,000	-4,783,000	-1,894,000
taxes paid related to net share settlement of stock awards	-100,000	-3,900,000	-19,500,000	-100,000	-100,000	-10,400,000	-12,300,000	0	-15,200,000	0	-100,000	-13,100,000	0	-300,000	0	-12,600,000	-3,600,000	0	0	-15,100,000	-3,800,000	-100,000
change in bank overdraft	-9,600,000	4,600,000	-3,400,000	-10,100,000	11,200,000	-8,600,000	600,000	17,600,000	15,100,000	1,200,000	0	-3,000,000	2,900,000	-7,300,000	6,700,000	-12,800,000																						-1,384,000	4,475,000	747,000	-2,009,000	-3,924,000	3,659,000	1,845,000	-3,950,000	-2,423,000
net cash from financing activities	-139,200,000	-147,900,000	20,100,000	-43,200,000	-72,400,000	-101,100,000	90,600,000	86,400,000	1,395,900,000	-38,400,000	1,126,500,000	-68,000,000	-54,000,000	-57,100,000	3,800,000	106,800,000	-536,600,000	1,200,000	4,600,000	606,800,000	-30,100,000	-20,900,000	-21,100,000	532,900,000	-34,200,000	-54,200,000	-1,100,000	-843,800,000	-27,800,000	49,600,000	-64,300,000	-17,000,000	-41,900,000	-9,100,000	-75,800,000	-75,100,000	19,712,000	-27,009,000	-82,242,000	-101,105,000	379,538,000	12,425,000	-48,316,000	-21,598,000	31,345,000	169,143,000
cash flows from discontinued operations:
operating activities of discontinued operations				0				0					0
net increase in cash, cash equivalents and restricted cash	14,400,000	18,500,000	21,300,000	500,000	8,900,000	200,000	28,600,000	-247,900,000	-1,488,500,000	-206,300,000	1,539,500,000	4,400,000	-30,700,000	-25,100,000	215,700,000	74,700,000	-558,600,000	-19,400,000	-45,500,000	602,000,000	-91,300,000	-11,700,000	88,100,000	-15,900,000	3,400,000	-124,600,000	61,000,000	148,800,000
cash, cash equivalents and restricted cash, beginning of period	0	252,700,000		0	0	221,800,000		0		0	0	355,600,000		0	0	121,000,000		0	0	142,500,000		0	0	173,300,000		0	0	85,500,000
cash, cash equivalents and restricted cash, end of period	14,400,000	271,200,000		500,000	8,900,000	222,000,000		-247,900,000		-206,300,000	1,539,500,000	360,000,000		-25,100,000	215,700,000	195,700,000		-19,400,000	-45,500,000	744,500,000		-11,700,000	88,100,000	157,400,000		-124,600,000	60,500,000	234,200,000
debt issuance costs		-300,000	-100,000				-700,000	-100,000	-14,500,000	-1,400,000			0	-100,000	-1,000,000	-5,800,000	-300,000	0	-800,000	-900,000	0	-300,000	-1,100,000	-7,500,000																	-3,000	0	0	-1,029,000
gain on sale of assets							0	0
changes in operating assets and liabilities, net of businesses acquired and dispositions:
acquisition of businesses, net of cash acquired							0		-2,836,800,000												-34,500,000	0	-800,000	-171,300,000
acquisition of gaming rights, net of cash acquired									0
proceeds from sale of assets							0	0
proceeds from pending equity transaction
operating cash flows of discontinued operations
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
gain on sale of arlington
proceeds from sale of arlington
income from discontinued operations, net of tax
income from continuing operations, net of tax													43,300,000
gain on calder land sale									0	0
proceeds from the calder land sale
cash settlement of stock awards																	0	0	0	-12,700,000
proceeds from calder land sale										0
investments in and advances to unconsolidated affiliates																					0	0	-300,000	-409,800,000
acquisition of other intangible assets
equity in (income) loss of unconsolidated affiliates															-36,400,000	-24,900,000
current liabilities of discontinued operations															0	-124,000,000
impairment of intangible assets																	0	0	0	17,500,000
gain on ocean downs/saratoga transaction																									0
gain on sale of big fish games																									0	0	0	-219,500,000
proceeds from sale of big fish games																									0	0	0	970,700,000
repayment of ocean downs debt																									0
big fish games earnout and deferred payments
effect of exchange rate changes on cash																											-500,000	-100,000	-700,000	600,000							-495,000	241,000	345,000	-1,896,000
changes in operating assets and liabilities, net of business acquisitions and dispositions:
distributions of capital from unconsolidated affiliates																						-2,300,000
acquisition of gaming licenses																						0											0	0
equity in loss (income) of unconsolidated affiliates																			11,100,000	3,300,000
loss on impairment of assets
loss on extinguishment of debt
game software development amortization																											0	400,000	4,000,000	4,800,000	4,300,000	4,400,000
game software development																									0	0	0	-300,000	-5,000,000	-5,800,000	-6,000,000	-5,300,000
receivable from escrow																													0	0	3,500,000	10,100,000
call premium on 2021 senior notes
big fish games earnout payment																										0	0	-2,400,000	100,000	0	0	-2,500,000	0	0	0	-19,700,000
big fish games deferred payment																										0	0	-2,000,000
effect of exchange rate changes on cash flows																																		-700,000	200,000	100,000
earnings from equity investments																												-6,500,000	-2,800,000	-8,900,000	-7,700,000	-6,100,000
distributed earnings from equity investments																									5,400,000			4,500,000	6,300,000	3,000,000	4,400,000	4,300,000
acquisition of businesses, net of cash
investment in joint ventures																																					-110,000	-18,000	-5,000	-327,000	-8,531,000
common stock issued																													0			100,000					0	1,125,000			0	2,950,000	4,457,000	68,000	0	891,000
game technology and rights amortization																																				3,700,000	3,832,000	2,786,000	2,335,000	725,000
acquisition expenses																													2,200,000	700,000	800,000	200,000
equity in income of unconsolidated investments																																		-4,900,000	-4,800,000	-3,800,000
increase in cash resulting from changes in operating assets and liabilities, net of business acquisitions and dispositions:
investment in joint venture																																											0	-6,500,000	-43,500,000	-14,500,000
distributed earnings from unconsolidated affiliates
acquisition of a business																														0
investment in unconsolidated affiliates																														0	0	-24,000,000
borrowings on bank line of credit																												100,900,000		225,500,000	304,500,000	239,100,000	162,400,000	122,600,000	150,000,000	292,100,000	321,766,000	192,541,000	114,251,000	75,620,000	487,607,000	106,525,000	117,787,000	93,067,000	98,466,000	290,709,000
repayments of bank line of credit																												-343,900,000		-173,500,000	-201,500,000	-192,700,000	-161,200,000	-128,400,000	-211,800,000	-87,000,000
gain on sale of equity investments
(gain) loss on sale of assets
increase in cash resulting from changes in operating assets and liabilities, net of business acquisitions:
other current assets and liabilities																													-9,600,000	-25,900,000	30,300,000	-5,200,000	-21,900,000	-8,500,000
tax refund payments to big fish games equity holders																																	0				-5,938,000	0	0	-11,773,000
net increase in cash and cash equivalents																													-2,800,000			6,200,000							9,374,000	-16,515,000	26,027,000	-4,629,000	-494,000	2,456,000	957,000	4,834,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
loan origination fees and debit issuance costs
cash and cash equivalents, beginning of period																														0	0	48,700,000		0	0	74,500,000		0	0	67,936,000		0	0	44,708,000		0
cash and cash equivalents, end of period																														16,000,000	-13,100,000	54,900,000		1,800,000	4,000,000	51,100,000		-8,132,000	9,719,000	49,525,000		-4,629,000	-494,000	47,164,000		4,834,000
net decrease in cash and cash equivalents																																		2,500,000	3,800,000	-23,500,000
proceeds from sale of equity investment																																	0	400,000	0	1,400,000	0	0	0	6,000,000
loan origination fees and debt issuance costs																																	0	0	0	-1,400,000
deferred tax provision
distributions of capital from equity investments
proceeds from note issuance
windfall tax provision from stock-based compensation
software development amortization																																		4,200,000
acquisition-related charges																																		1,100,000	1,100,000	2,700,000
asset impairment loss																																						12,698,000
gain on sale of equity investment																																						0	0	-5,817,000
dividend from investment in unconsolidated affiliates																																		4,100,000	4,200,000	4,000,000
software development																																		-6,200,000
additions to property and equipment																																		-9,600,000	-18,100,000	-16,400,000	-12,672,000	-8,157,000	-12,897,000	-9,784,000	-5,632,000	-10,379,000	-18,306,000	-20,169,000	-18,913,000	-6,086,000
deferred payments to big fish games former equity holders																																						0	0	-959,000
loss on asset disposals																																							16,000	377,000
other current assets																																				300,000	-3,599,000	-3,081,000	2,347,000	-10,962,000	91,000	1,635,000	3,902,000	-8,883,000	2,165,000	3,537,000
game technology and rights																																				-4,200,000	-3,553,000	-5,030,000	-6,405,000	-4,812,000
impairment and acquisition charges
equity in (income) losses of unconsolidated investments
deferred tax benefit
gain on sale of business and asset dispositions
purchases of minority investments																																					-24,438,000	0	0	-81,000	-329,000	0	0	-273,000	-277,000	-260,000
net earnings																																						4,203,000
adjustments to reconcile net earnings to net cash from operating activities:
gain on asset disposals
equity in gains of unconsolidated investments																																						-2,389,000	-2,907,000	-2,948,000
dividend from investment in unconsolidated affiliate																																						3,500,000	4,000,000	3,500,000
share-based compensation																																						4,485,000	3,372,000	2,723,000	1,364,000	2,213,000	3,113,000	5,241,000
increase in cash resulting from changes in operating assets and liabilities, net of business acquisition:
restricted cash																																						757,000	-7,913,000	5,293,000	943,000	6,140,000	-4,162,000	6,547,000	4,303,000	4,235,000
accounts receivable																																						3,876,000	-11,187,000	-2,244,000	-164,000	12,373,000	-13,675,000	-153,000	7,987,000	8,682,000
accounts payable																																						-18,361,000	17,440,000	9,532,000	-11,257,000	-25,561,000	18,914,000	9,519,000	-11,691,000	-10,593,000
purses payable																																						-3,241,000	15,328,000	-5,007,000	-1,333,000	-8,372,000	7,481,000	-5,445,000	-3,310,000	-6,240,000
accrued expenses																																						5,761,000	4,893,000	-5,921,000	5,623,000	4,482,000	5,204,000	-6,979,000	2,664,000	2,803,000
income taxes receivable and payable																																						-20,978,000	46,048,000	12,997,000		-18,485,000	32,937,000	6,030,000		-19,458,000
acquisition of gaming license																																														0
proceeds on sale of property and equipment																																						43,000	14,000	67,000		837,000	2,000	86,000		2,000
repayments on bank line of credit																																						-219,147,000	-200,266,000	-146,218,000		-91,932,000	-114,738,000	-96,509,000		-119,412,000
repurchase of common stock from share-based compensation																																						-1,254,000			-5,723,000	-1,177,000
windfall tax benefit from share-based compensation																																						1,115,000	269,000	2,834,000		2,439,000	1,835,000	2,630,000
loan origination fees																																						-5,000	0	-26,000	-899,000	0	-67,000	-103,000	-220,000	-2,000
acquisition related charges																																							8,200,000	6,400,000
equity in (gains) losses of unconsolidated investments
proceeds from insurance recoveries
proceeds from bond issuance
windfall tax provision from share-based compensation
net earnings and comprehensive income																																										3,531,000	57,333,000	-700,000	-5,705,000	9,249,000
adjustments to reconcile net earnings and comprehensive income to net cash from operating activities:
gain on asset disposition																																										-471,000	65,000	1,000		-494,000
equity in (gain) loss of unconsolidated investments																																										-1,057,000	-2,506,000	-2,290,000
acquisition of business, net of cash
acquisition of intangible asset
change in deposit wagering asset																																										2,456,000	-1,031,000	-1,021,000	-351,000	-202,000
change in deposit wagering liability																																										-2,456,000	1,031,000	1,021,000	351,000	202,000
increase in cash resulting from changes in operating assets and liabilities:
gain on sale of business
(gain) loss on asset disposition
equity in losses of unconsolidated investments
unrealized gain on derivative instruments
deferred riverboat subsidy
equity in loss of unconsolidated investments																																														887,000
share based compensation																																														5,990,000
windfall tax benefit from share based compensation																																														1,072,000
assumption of note receivable
payments of dividends
windfall (shortfall) tax provision from share-based compensation
gain on derivative instruments
equity in gain of unconsolidated investments
loss on sale of assets
contingency payment for acquisition of business
change in book overdraft
income taxes payable
acquisition of business, net of cash acquired
repayment of note payable, related party
proceeds from sale of business, net of cash sold
(shortfall) windfall tax provision from share-based compensation
equity in (earnings) loss of unconsolidated investments
cash flows from financing activities;
cash and cash equivalents included in assets held for sale
cash and cash equivalents in continuing operations
loss on sale of business
acquisitions of businesses
proceeds from the sale of business, net of cash sold
purchases of investments
additions to plant and equipment
proceeds on sale of plant and equipment
increase in cash resulting from changes in operating assets and liabilities, net of business acquisitions
income taxes receivable
repayments of senior notes
acquisition of businesses
proceeds on sale of fixed assets
cash paid during the period for:
interest
schedule of non-cash activities:
plant and equipment additions included in accounts payable/accrued expenses
assignment of notes receivable
asset impairment losses
gain on sale of businesses
unrealized (gain) loss on derivative instruments
proceeds from sale of business
payments on other long-term debt
accrued expenses and other liabilities
issuance of common stock in connection with restricted stock plan
the accompanying notes are an integral part of the condensed consolidated financial statements.
gain on sale of hollywood park
gain on sale of kentucky downs interest
acquisition of additional interest in cbt
proceeds from sale of hollywood park
repayments of revolving loan facility for refinancing
(repayments of) proceeds from senior notes, net of expenses
decrease in other long-term debt
proceeds from note receivable for common stock
gain on sale of assets of hollywood park
asset impairment
intangible impairment
increase in cash resulting from changes in operating assets and liabilities, net of assets and liabilities sold:
net cash proceeds from sale of assets of hollywood park
repayments of long-term debt
amortization of discount on convertible note payable
amortization of restricted stock grant
loss on asset disposition
invoicing for future events
unrealized loss on derivative instruments
proceeds from senior notes, net of expenses
increase in other long-term debt
amortization of goodwill
gain on sale of hoosier park interest
increase in cash resulting from changes in operating assets and liabilities
proceeds from sale of hoosier park interest
supplemental disclosures of cash flow information:
assignment of loan to centaur related to sale of hoosier park interest
plant & equipment additions included in accounts payable/accrued expenses
the accompanying notes are an integral part of the consolidated financial statements.
adjustments to reconcile net earnings to
net cash from operating activities:
increase in cash resulting from
decrease in long-term debt
plant and equipment additions included in accounts payable

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