Churchill Downs Stock Income Statements

Churchill Downs Quarterly Income Statements Chart

Quarterly

Annual

Revenue

Operating Profit

Net Income

Churchill Downs Quarterly Income 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	2023-06-30	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	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2003-12-31	2003-06-30	2003-03-31

net revenue:
live and historical racing	509,900,000	272,500,000	268,300,000	247,500,000	464,700,000	245,100,000	228,400,000	219,500,000	385,000,000	175,400,000	92,300,000	260,900,000	86,000,000	90,300,000	79,700,000	175,900,000	63,200,000
wagering services and solutions	158,400,000	106,900,000
gaming	266,000,000	263,200,000	256,000,000	269,700,000	274,200,000	239,200,000	228,400,000	244,300,000	245,900,000	210,900,000	183,400,000	184,300,000	177,300,000	172,100,000	185,300,000	186,000,000	152,000,000	121,700,000	134,800,000	37,300,000	147,600,000	167,700,000	178,300,000	177,600,000	168,800,000																	62,579,500	81,805,000	81,958,000	86,555,000	78,665,000	79,832,000	66,887,000	72,089,000	62,912,000	49,493,000	51,371,000	59,336,000	52,161,000	51,922,000	49,459,000	57,754,000
all other	100,000				100,000		200,000	200,000	200,000	700,000	1,200,000	500,000	500,000	7,800,000	26,200,000	17,600,000	9,400,000	27,400,000	16,300,000	3,300,000	14,500,000	11,700,000	26,400,000	22,000,000	12,500,000
total net revenue	934,400,000	642,600,000	624,200,000	628,500,000	890,700,000	590,900,000	561,200,000	572,500,000	768,500,000	480,100,000	383,100,000	582,500,000	364,100,000	364,800,000	393,000,000	515,100,000	324,300,000	278,200,000	337,800,000	185,100,000	252,900,000	280,600,000	306,300,000	477,400,000	265,400,000	219,000,000	221,300,000	379,400,000	189,300,000	-163,600,000	314,800,000	451,900,000	279,500,000	278,300,000	303,400,000	438,500,000
yoy	4.91%	8.75%	11.23%	9.78%	15.90%	23.08%	46.49%	-1.72%	111.07%	31.61%	-2.52%	13.08%	12.27%	31.13%	16.34%	178.28%	28.23%	-0.86%	10.28%	-61.23%	-4.71%	28.13%	38.41%	25.83%	40.20%	-233.86%	-29.70%	-16.04%	-32.27%	-158.79%	3.76%	3.06%
qoq	45.41%	2.95%	-0.68%	-29.44%	50.74%	5.29%	-1.97%	-25.50%	60.07%	25.32%	-34.23%	59.98%	-0.19%	-7.18%	-23.70%	58.83%	16.57%	-17.64%	82.50%	-26.81%	-9.87%	-8.39%	-35.84%	79.88%	21.19%	-1.04%	-41.67%	100.42%	-215.71%	-151.97%	-30.34%	61.68%	0.43%	-8.27%	-30.81%
operating expense:
selling, general and administrative expense	60,900,000	54,500,000	65,700,000	59,800,000	57,400,000	54,800,000	51,700,000	50,200,000	48,100,000	51,500,000	38,400,000	38,400,000	35,900,000	38,800,000	36,100,000	33,400,000	30,200,000	29,500,000	38,800,000	22,400,000	24,100,000	32,600,000	34,400,000	30,100,000	24,900,000	27,300,000	21,700,000	23,100,000	18,400,000	5,500,000	26,800,000	26,700,000	24,100,000	24,900,000	27,600,000	24,600,000	23,100,000
asset impairments	2,400,000			3,900,000			100,000		24,500,000	33,400,000			4,900,000	4,100,000		11,200,000
transaction expense	1,100,000	400,000	175,000	-4,000,000	600,000	4,100,000	3,000,000	1,500,000	500,000	34,700,000	1,200,000	1,200,000	5,000,000	5,800,000	2,000,000		100,000		500,000	200,000	300,000	300,000	900,000	600,000	3,500,000	1,400,000	5,400,000	2,100,000	1,400,000
total operating expense	606,700,000	508,000,000	497,400,000	502,600,000	560,700,000	464,600,000	455,000,000	460,200,000	542,900,000	468,400,000	320,100,000	382,800,000	316,700,000	330,100,000	325,400,000	379,700,000	277,600,000	255,500,000	288,300,000	185,500,000	264,500,000	277,100,000	278,500,000	321,000,000	237,400,000	207,000,000	200,800,000	242,800,000	169,600,000	-129,300,000	281,800,000	322,400,000	262,000,000	234,600,000	276,600,000	321,100,000
operating income	327,700,000	134,600,000	126,800,000	125,900,000	330,000,000	126,300,000	106,200,000	112,300,000	225,600,000	11,700,000	63,000,000	199,700,000	47,400,000	34,700,000	67,600,000	135,400,000	46,700,000	22,700,000	49,500,000	-400,000	-11,600,000	3,500,000	27,800,000	156,400,000	28,000,000	12,000,000	20,500,000	136,600,000	19,700,000	-34,300,000	33,000,000	129,500,000	17,500,000	43,700,000	26,800,000	117,400,000	6,300,000	12,369,000	9,482,000	105,889,000	-4,128,000	-13,703,000	8,373,000	94,157,000	1,566,000	-5,168,000	10,173,000	82,102,000	2,993,000	3,036,000	7,813,000	82,183,000	3,720,000	6,301,000	10,087,000	67,475,000	-2,853,000	-4,270,000	3,295,000	47,224,000	-16,226,000	-9,854,000	2,460,000	51,122,000	-8,995,000				2,580,000				-14,124,000	2,972,000	4,988,000	56,781,000	-17,306,000	-7,537,000	6,065,000	8,682,000				48,306,000
yoy	-0.70%	6.57%	19.40%	12.11%	46.28%	979.49%	68.57%	-43.77%	375.95%	-66.28%	-6.80%	47.49%	1.50%	52.86%	36.57%	-33950.00%	-502.59%	548.57%	78.06%	-100.26%	-141.43%	-70.83%	35.61%	14.49%	42.13%	-134.99%	-37.88%	5.48%	12.57%	-178.49%	23.13%	10.31%	177.78%	253.30%	182.64%	10.87%	-252.62%	-190.26%	13.24%	12.46%	-363.60%	165.15%	-17.69%	14.68%	-47.68%	-270.22%	30.21%	-0.10%	-19.54%	-51.82%	-22.54%	21.80%	-230.39%	-247.56%	206.13%	42.88%	-82.42%	-56.67%	33.94%	-7.62%	80.39%				-448.64%				-118.27%				-18.39%	-139.43%	-17.76%	554.01%				-82.03%
qoq	143.46%	6.15%	0.71%	-61.85%	161.28%	18.93%	-5.43%	-50.22%	1828.21%	-81.43%	-68.45%	321.31%	36.60%	-48.67%	-50.07%	189.94%	105.73%	-54.14%	-12475.00%	-96.55%	-431.43%	-87.41%	-82.23%	458.57%	133.33%	-41.46%	-84.99%	593.40%	-157.43%	-203.94%	-74.52%	640.00%	-59.95%	63.06%	-77.17%	1763.49%	-49.07%	30.45%	-91.05%	-2665.14%	-69.88%	-263.66%	-91.11%	5912.58%	-130.30%	-150.80%	-87.61%	2643.13%	-1.42%	-61.14%	-90.49%	2109.22%	-40.96%	-37.53%	-85.05%	-2465.05%	-33.19%	-229.59%	-93.02%	-391.04%	64.66%	-500.57%	-95.19%	-668.34%									-575.24%	-40.42%	-91.22%	-428.10%	129.61%	-224.27%	-30.14%
operating margin %	35.07%	20.95%	20.31%	20.03%	37.05%	21.37%	18.92%	19.62%	29.36%	2.44%	16.44%	34.28%	13.02%	9.51%	17.20%	26.29%	14.40%	8.16%	14.65%	-0.22%	-4.59%	1.25%	9.08%	32.76%	10.55%	5.48%	9.26%	36.00%	10.41%	20.97%	10.48%	28.66%	6.26%	15.70%	8.83%	26.77%
other income:
interest expense	-74,200,000	-72,300,000	-72,800,000	-73,100,000	-73,500,000	-70,400,000	-70,600,000	-67,900,000	-65,200,000	-54,700,000	-36,200,000	-35,100,000	-21,300,000	-21,600,000	-21,700,000	-22,000,000	-19,400,000	-20,700,000	-19,700,000	-20,300,000	-19,300,000	-18,900,000	-18,900,000	-19,400,000	-13,700,000	-10,900,000	-9,900,000	-9,700,000	-9,600,000	-13,300,000	-12,600,000	-11,600,000	-11,800,000	-10,900,000	-11,100,000	-11,100,000	-10,600,000	-7,259,000	-6,740,000	-7,112,000	-7,484,000	-5,735,000	-5,173,000	-4,961,000	-4,973,000	-2,092,000	-1,407,000	-1,256,000	-1,476,000	-1,453,000	-873,000	-982,000	-1,223,000	-1,427,000	-1,576,000	-3,461,000	-2,460,000	-1,876,000	-1,625,000	-1,420,000	-1,258,000	-885,000	-245,000	-211,000	-316,000	-659,000	-362,000	-276,000	-901,000				-290,000			-579,000	-603,000
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	38,800,000	37,300,000	42,400,000	40,500,000	32,500,000	40,200,000	41,700,000	36,400,000	24,900,000	3,300,000	27,600,000	-11,100,000	-3,300,000	6,925,000	14,100,000	9,500,000
miscellaneous	1,400,000	300,000	1,000,000	-100,000	100,000	8,100,000	400,000	4,100,000		2,600,000	4,200,000	200,000		400,000	100,000	100,000	100,000	200,000	-400,000	300,000		400,000	200,000	400,000		200,000	100,000	300,000	100,000	2,100,000	-1,000,000	200,000		500,000	-200,000	400,000	-500,000	6,196,000	-186,000	28,000	-188,000	137,000	114,000	393,000	-25,000	199,000	4,438,000	1,023,000	7,000	180,000	569,000	37,000	33,000	94,000	19,934,000	3,158,000	457,000	412,000	1,832,000	359,000	294,000	462,000	322,000	400,000	320,000	529,000	292,000	461,000	372,000	-1,318,000	484,000	932,000	160,000	-297,000		14,000	653,000	580,000	713,000	2,000	537,000			151,000	402,000
total other income	-35,700,000	-38,700,000	-35,800,000	-39,800,000	-35,700,000	-24,500,000	-34,300,000	-30,500,000	-26,400,000	-14,800,000	10,400,000	280,200,000	11,200,000	19,000,000	20,100,000	14,500,000	5,600,000	-6,000,000	7,500,000	-31,100,000	-22,600,000	4,400,000	-4,600,000	-9,500,000	-9,600,000	-5,500,000	54,200,000	-600,000	-3,000,000	-29,100,000	-4,700,000	-3,700,000	-5,700,000	-6,500,000	-6,400,000	-5,900,000
income from operations before benefit from income taxes	292,000,000	95,900,000	91,000,000	86,100,000	294,300,000	101,800,000	122,475,000	81,800,000	199,200,000	152,975,000	73,400,000	479,900,000	58,600,000																	41,475,000	28,300,000	125,800,000	11,800,000
income tax provision	-74,400,000	-18,700,000	-18,700,000	-19,900,000	-84,100,000	-21,400,000	-14,300,000	-20,800,000	-56,200,000	-43,375,000	-16,400,000	-140,600,000	-16,500,000									-13,275,000	-8,000,000	-38,600,000	-6,500,000	-13,025,000	-16,700,000	-32,800,000	-2,600,000	-15,900,000	-11,600,000	-47,500,000		-10,400,000	-11,700,000	-41,700,000		-727,000	-750,000	-46,674,000		5,014,000	-846,000	-34,767,000		4,032,000	-3,165,000	-31,029,000	-311,000	1,051,000	-1,096,000	-32,133,000				-27,698,000				-18,285,000		-5,105,750	-3,578,000	-20,324,000
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	143,000,000	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																-3,185,000				-8,668,000												-8,191,000				-10,273,000								-11,496,000
yoy	3.52%	-3.98%	25.52%	8.52%	46.99%	7940.00%	1.05%	-82.02%	239.67%	-97.69%	-7.17%	213.30%	16.62%	153.22%	42.46%	-191.16%	-253.62%	362.16%	191.22%	-210.92%	-302.59%	-67.54%	-73.71%	3.88%	-93.63%	-70.16%	237.13%	31.67%	2393.15%	42.54%	91.95%	12.18%	160.71%				-279.72%																				-63.26%																-20.27%
qoq	181.87%	6.78%	9.21%	-68.51%	161.44%	39.58%	-5.57%	-57.34%	14200.00%	-98.25%	-83.20%	705.94%	-2.77%	-29.48%	-43.31%	200.00%	111.11%	-60.32%	-136.28%	405.53%	-735.14%	-75.00%	-86.18%	823.28%	1.75%	-79.75%	-45.39%	-43.35%	376.44%	128.74%	-78.67%	972.60%	-72.76%	208.05%	-87.54%	2392.86%
net income margin %	23.29%	12.01%	11.58%	10.53%	23.60%	13.61%	10.26%	10.66%	18.61%	0.21%	14.88%	58.25%	11.56%	11.87%	15.62%	21.03%	11.13%	6.15%	12.76%	-64.18%	-9.29%	1.32%	4.83%	22.43%	4.37%	5.21%	25.44%	27.17%	96.14%	-23.35%	5.30%	17.33%	2.61%	9.63%	2.87%	15.92%
net income attributable to noncontrolling interest	700,000	500,000	600,000	800,000	900,000														-100,000		-100,000
net income attributable to churchill downs incorporated	216,900,000		88,775,000	65,400,000	209,300,000
net income attributable to churchill downs incorporated per common share data:
basic net income	3,020,000	1,020,000	950,000	870,000	2,820,000	1,090,000	770,000	810,000	1,900,000	2,880,000	1,510,000	8,910,000	1,100,000																	1,607,500	1,090,000	4,860,000	440,000	1,670,000	520,000	4,160,000
diluted net income	2,990,000	1,020,000	950,000	860,000	2,790,000	1,080,000	800,000	790,000	1,860,000	2,840,000	1,490,000	8,790,000	1,080,000																	1,580,000	1,080,000	4,810,000	440,000	1,630,000	520,000	4,110,000
weighted-average shares outstanding:
basic	71,700,000	73,700,000	74,000,000	73,900,000	73,900,000	74,100,000	75,200,000	75,200,000	75,300,000	37,900,000	37,800,000	38,100,000	38,300,000	38,600,000	38,600,000	38,700,000	39,000,000	39,600,000	39,500,000	39,500,000	39,700,000	40,100,000	40,000,000	40,100,000	40,400,000	41,300,000	13,600,000	13,500,000	14,400,000	15,700,000	15,300,000	16,100,000	16,300,000	16,400,000	16,400,000	16,500,000	16,500,000	17,225,000	17,347,000	17,331,000	17,268,000	17,271,000	17,020,000	17,531,000	17,419,000	17,294,000	17,328,000	17,268,000	17,209,000	17,047,000	17,130,000	16,978,000	16,903,000	16,638,000	16,858,000	16,444,000	16,358,000	15,186,000	16,311,000	14,440,000	13,609,000	13,582,000	13,587,000	13,573,000	13,573,000	13,541,000	13,549,000	13,529,000	13,522,000	13,458,000	13,509,000	13,427,000		13,159,000	13,149,000	13,124,000		12,920,000	12,913,000				13,189,000	13,174,000
diluted	72,300,000	74,400,000	74,600,000	74,600,000	74,600,000	74,700,000	76,100,000	77,100,000	76,900,000	38,500,000	38,400,000	38,600,000	38,800,000	39,200,000	39,200,000	39,300,000	39,600,000	40,100,000	40,100,000	39,500,000	39,700,000	40,600,000	40,700,000	40,700,000	40,600,000	41,600,000	13,700,000	13,600,000	14,500,000	16,000,000	15,500,000	16,300,000	16,800,000	16,800,000	16,900,000	17,000,000	17,000,000	17,576,000	17,769,000	17,735,000	17,268,000	17,589,000	17,303,000	17,880,000	17,419,000	17,938,000	17,955,000	17,921,000	17,828,000	17,475,000	17,575,000	17,502,000	17,433,000	17,125,000	16,974,000	16,935,000	16,358,000	15,666,000	16,768,000	14,895,000	13,609,000	14,040,000	13,587,000	14,031,000	13,573,000	14,017,000	14,025,000	13,998,000	14,010,000	13,972,000	14,038,000	13,903,000		13,667,000	13,656,000	13,623,000		13,500,000	13,511,000				13,392,000	13,380,000
net income and comprehensive income attributable to churchill downs incorporated		76,700,000												43,300,000	61,400,000	108,300,000	36,100,000
twinspires			92,400,000	111,300,000	151,700,000	106,600,000	104,200,000	108,500,000	137,400,000	93,100,000	106,200,000	136,800,000	100,300,000	94,600,000	101,800,000	135,600,000	99,700,000									57,175,000	71,800,000	93,700,000	63,200,000	57,200,000	65,900,000	80,500,000	52,000,000	48,300,000	54,700,000	68,200,000	49,400,000	43,759,000	50,346,000	60,748,000	45,315,000
gain on sale of arlington
net income per common share data:
gain on sale of assets							28,500,000																																															3,404,000		157,000																		82,000	4,197,000			-21,000	69,917,000
gain on calder land sale												274,600,000
income from continuing operations before benefit for income taxes														72,475,000	87,700,000	149,900,000																																									-5,204,000				-16,636,000
income tax benefit														-10,400,000	-26,300,000	-41,600,000	-16,200,000	-300,000	-13,900,000	7,900,000	11,600,000												-4,500,000				3,800,000				1,259,000				438,000								-974,000	-8,513,500	-8,374,000		2,018,000	-2,508,500	638,000		8,227,000				3,479,000				-563,000				5,348,000				6,660,000				11,200,000				7,728,000
income from continuing operations, net of tax														51,450,000	61,400,000	108,300,000	36,100,000	16,400,000	43,100,000	-23,600,000	-22,600,000	4,200,000	15,200,000	108,300,000	11,900,000	7,300,000	58,000,000	103,200,000	14,100,000
income from discontinued operations, net of tax																		700,000		-95,200,000	-900,000	-500,000	-400,000	-1,200,000	-300,000	4,100,000	-1,700,000	-100,000	167,900,000
net income per common share data - basic:																										6,160,000	4,150,000	7,600,000	12,610,000
continuing operations														1,140,000	1,590,000	2,800,000	930,000	410,000	1,090,000	-590,000	-570,000	120,000	380,000	2,690,000	300,000	-8,230,000	4,270,000	7,610,000	980,000
discontinued operations																		20,000		-2,410,000	-20,000	-10,000	-10,000	-30,000	-10,000	-7,870,000	-120,000	-10,000	11,630,000																	-20								200		10		150	-260		-20		-80		10		10		-10				20	92.5	440			50	5,070
net income per common share data - basic														1,327,500	1,590,000	2,800,000	930,000	-625,000	1,090,000	-3,000,000	-590,000	830,000	370,000	2,660,000	290,000
net income per common share data - diluted:																										6,125,000	4,120,000	7,550,000	12,550,000
net income per common share data - diluted														1,307,500	1,570,000	2,760,000	910,000	-625,000	1,080,000	-3,000,000	-590,000	820,000	360,000	2,630,000	290,000
impairment of intangible assets																					17,500,000
income from continuing operations before benefit from income taxes																	52,300,000	16,700,000	57,000,000	-31,500,000	-34,200,000	7,900,000	23,200,000	146,900,000	18,400,000	6,500,000	74,700,000	136,000,000	16,700,000
churchill downs																		35,200,000	60,800,000	23,300,000	23,500,000	39,600,000	31,400,000	182,200,000	21,000,000
online wagering																		93,900,000	125,900,000	121,200,000	67,300,000	61,600,000	70,200,000	95,600,000	63,100,000
net income and comprehensive income attributable to cdi																		-24,750,000	43,200,000	-118,800,000	-23,400,000
gain on ocean downs/saratoga transaction																											54,900,000
other comprehensive income:
foreign currency translation, net of tax																										200,000	400,000			-200,000	500,000	-300,000	-100,000			200,000
change in pension benefits, net of tax																											200,000	-200,000		25,000	100,000
other comprehensive income																											600,000							50,000		200,000
comprehensive income																						33,375,000	14,800,000	107,100,000	11,600,000	11,400,000	56,900,000	102,900,000	182,000,000	37,900,000	17,300,000	78,000,000	7,200,000	26,000,000	8,700,000	70,000,000	2,800,000
equity in income of unconsolidated investments																									4,100,000	5,200,000	9,100,000	8,800,000	6,500,000	2,800,000	8,900,000	7,700,000	6,100,000	3,900,000	4,900,000	4,800,000	3,800,000
racing																										30,500,000	37,600,000	182,500,000	23,700,000	29,300,000	38,800,000	165,300,000	23,900,000	30,300,000	38,500,000	156,100,000	26,200,000	29,862,000	38,867,000	155,436,000	24,438,000	30,384,000	41,055,000	159,435,000	30,579,000	38,382,000	50,687,000	157,387,000	27,813,000	48,547,000	62,919,000	160,440,000	30,182,000	51,898,000	66,539,000	148,205,000
casino																										109,900,000	105,000,000	98,200,000	98,100,000
other investments																										17,100,000	6,900,000	5,000,000	4,300,000	5,200,000	4,700,000	5,200,000	4,100,000	4,000,000	4,500,000	4,400,000	4,000,000
corporate																										400,000	600,000	600,000	500,000	200,000	600,000	500,000	700,000	200,000	400,000	200,000	200,000
calder exit costs																															200,000	200,000	400,000	100,000	500,000	1,500,000	400,000	364,000	12,737,000
other comprehensive loss:
other comprehensive loss																												-200,000					-100,000							-28,000	-387,000
casinos																														65,825,000	87,500,000	88,300,000	87,500,000	78,900,000	83,000,000	84,400,000	86,500,000	80,435,000	82,679,000	83,770,000	85,415,000
big fish games																														85,625,000	117,900,000	112,600,000	112,000,000	116,600,000	122,300,000	125,200,000	122,100,000	113,716,000	103,540,000	104,526,000	91,903,000
research and development																														7,475,000	9,700,000	9,900,000	10,300,000	9,700,000	8,800,000	9,700,000	10,800,000	9,370,000	9,950,000	9,847,000	10,232,000
acquisition expense																														425,000	700,000
other comprehensive gain																														50,000	600,000	-300,000
acquisition expenses																																800,000	200,000
acquisition-related charges																																		1,225,000	1,100,000	1,100,000	2,700,000	4,338,000	2,810,000
interest income																																						-190,000	8,000	6,000	218,000	5,000	6,000	5,000	4,000	7,000	6,000	89,000	10,000	6,000	31,000	35,000	18,000	228,000	116,000	56,000	68,000	27,000	30,000	17,000	111,000	116,000	393,000	264,000	123,000	134,000	144,000	157,000	177,000	118,000	163,000	393,000	272,000	232,000	272,000	243,000	119,000	326,000	135,000	13,000	86,000			73,000	62,000
income before income tax provision																																		32,725,000	20,400,000	111,500,000
income from continuing operations before income tax benefit																																					-1,000,000				-2,817,000																																-13,778,000				-16,933,000
net income per common share data:
basic
diluted
net revenues:
other																																						3,232,750	4,333,000	4,759,000	3,839,000	4,470,000	4,539,000	5,182,000	4,092,000	4,214,000	6,605,000	6,968,000	5,255,000	6,086,000	6,872,000	6,303,000	4,643,000	5,134,000	5,873,000	5,496,000
operating expenses:
selling, general and administrative expenses																																						17,062,500	24,643,000	22,035,000	21,572,000	24,510,000	20,473,000	18,666,000	21,465,000	22,604,000	21,188,000	22,096,000	17,558,000	19,323,000	18,237,000	20,070,000	16,199,000	14,086,000	16,138,000	18,301,000	16,004,000	18,497,000	15,281,000	15,956,000	13,371,000	13,427,000	13,092,000	11,986,000	12,449,000	13,001,000	12,006,000	13,545,000	12,157,000	15,576,000	13,009,000	13,069,000	9,825,000	9,695,000	11,452,000	11,921,000	10,462,000	11,029,000	9,274,000	2,134,000	14,142,000			8,765,000	8,108,000
insurance recoveries, net of losses																																													-431,000				-375,000	-492,000		-5,003,000	-1,511,000																				-784,000			-9,614,000
equity in gains of unconsolidated investments																																						2,061,000	2,389,000	2,907,000	2,948,000	475,000	1,057,000	2,506,000	2,290,000
gain on sale of equity investment																																						1,454,250			5,817,000
earnings from continuing operations before benefit from income taxes																																						25,963,500	4,953,000	101,718,000		-18,821,000	4,377,000	92,100,000	-1,138,000	-9,514,000	12,323,000	81,327,000	1,370,000	1,323,000	7,069,000	80,709,000	2,328,000	4,506,000	28,094,000	67,688,000		-5,961,000	3,062,000	45,890,000		-10,480,000	2,362,000	51,180,000		-5,582,000	3,699,000	50,285,000		-8,731,000	2,878,000	48,975,000		2,951,000	4,846,000	56,663,000		-7,053,000	6,852,000
net earnings																																						14,422,250	4,203,000	55,044,000		46,353,560	210	3,230	-40	-320	520			150	340	2,820		7,613,000	19,780,000	40,147,000		-1,895,000	-689,000	27,605,000		-6,882,000	-2,325,000	30,861,000	-4,826,000	-4,073,000	2,468,000	29,412,000	742,000	-6,215,000	818,000	29,319,000		-2,016,000	8,747,000	33,353,000		-3,016,000	71,635,000	1,508,000				28,025,000
net earnings per common share data:
basic																																																2,850	60				80																															2,130
diluted
other comprehensive earnings:
foreign currency translation, net of tax effect																																						-89,250	58,000	-28,000
other comprehensive earnings																																						-89,250	58,000
comprehensive earnings																																						14,333,000	4,261,000	55,016,000																																		-2,016,000	8,747,000	33,353,000		-3,016,000	71,420,000
acquisition related charges																																								8,200,000	6,400,000
foreign currency translation, net of (328) tax effect																																									-387,000
comprehensive loss																																									-1,945,000																																				-10,273,000				-12,828,000
online																																										37,356,500	46,266,000	57,076,000	46,084,000	40,572,000	48,522,000	52,531,000	42,916,000	40,949,000	45,593,000	52,702,000	44,035,000	40,072,000	42,015,000	46,526,000
earnings from continuing operations																																										-13,807,000	3,531,000	57,333,000	-700,000	-5,482,000	9,158,000	50,298,000	1,059,000	2,374,000	5,973,000	48,576,000	1,354,000	4,271,000	19,720,000	39,990,000		-4,268,000	3,700,000	27,605,000
discontinued operations, net of income taxes:
earnings from operations																																														22,500	91,000			-250			-1,000	15,250	60,000		1,000				-259,000	10,000	-1,109,000	5,000	241,000	-607,000	120,000	-19,000	-93,000				421,000	186,000	1,832,000
net earnings and comprehensive income																																										15,041,000	3,531,000	57,333,000	-700,000	-5,705,000	9,249,000	50,298,000	1,058,000	2,374,000	5,973,000	48,576,000
net earnings per common share data:
basic																																																2,850	60				80																															2,130
net earnings																																						14,422,250	4,203,000	55,044,000		46,353,560	210	3,230	-40	-320	520			150	340	2,820		7,613,000	19,780,000	40,147,000		-1,895,000	-689,000	27,605,000		-6,882,000	-2,325,000	30,861,000	-4,826,000	-4,073,000	2,468,000	29,412,000	742,000	-6,215,000	818,000	29,319,000		-2,016,000	8,747,000	33,353,000		-3,016,000	71,635,000	1,508,000				28,025,000
diluted
net earnings from continuing operations																																										850	200																			-6,892,000	-1,216,000	30,856,000	-5,067,000	-3,466,000	2,348,000	29,431,000	835,000	-5,131,000	1,137,000	29,462,000		3,331,000	2,718,000	33,353,000		-3,852,000	3,842,000
income from operations																																																	-1,000									-250,000	-4,389,000
equity in losses of unconsolidated investments																																														-2,460,000	-887,000	-631,000	-164,000	-446,000	-471,000
net earnings																																						14,422,250	4,203,000	55,044,000		46,353,560	210	3,230	-40	-320	520			150	340	2,820		7,613,000	19,780,000	40,147,000		-1,895,000	-689,000	27,605,000		-6,882,000	-2,325,000	30,861,000	-4,826,000	-4,073,000	2,468,000	29,412,000	742,000	-6,215,000	818,000	29,319,000		-2,016,000	8,747,000	33,353,000		-3,016,000	71,635,000	1,508,000				28,025,000
diluted
net revenues																																																										102,826,500	135,744,000	200,512,000	75,050,000	88,667,500	100,896,000	180,037,000	73,737,000	86,155,250	99,603,000	179,297,000	65,721,000	80,420,000	103,905,000	169,933,000	47,842,000	81,171,000	106,350,000	175,025,000	45,028,000	81,758,750	112,016,000	49,369,000	56,252,000			180,496,000	33,789,000
operating expenses																																																										82,883,250	117,168,000	137,332,000	77,905,000	68,139,000	85,344,000	116,929,000	70,283,000	66,538,750	83,302,000	114,669,000	68,184,000	61,941,500	86,264,000	108,577,000	52,925,000	64,002,500	91,742,000	115,937,000	51,872,000	65,988,750	96,677,000	38,553,000	65,389,000			123,425,000	43,542,000
net earnings per common share data:
basic																																																2,850	60				80																															2,130
diluted																																																2,810	60				80																															2,090
equity in gain of unconsolidated investments																																																				-564,000
equity loss of unconsolidated investments																																																					-220,000
net earnings and comprehensive earnings																																																					1,353,000
equity in loss of unconsolidated investments																																																						-690,000	-467,000			-254,000	-470,000			-319,000	-568,000	-395,000		-407,000	-670,000	-1,140,000	-830,000
discontinued operations																		20,000		-2,410,000	-20,000	-10,000	-10,000	-30,000	-10,000	-7,870,000	-120,000	-10,000	11,630,000																	-20								200		10		150	-260		-20		-80		10		10		-10				20	92.5	440			50	5,070
diluted
weighted-average shares outstanding
basic	71,700,000	73,700,000	74,000,000	73,900,000	73,900,000	74,100,000	75,200,000	75,200,000	75,300,000	37,900,000	37,800,000	38,100,000	38,300,000	38,600,000	38,600,000	38,700,000	39,000,000	39,600,000	39,500,000	39,500,000	39,700,000	40,100,000	40,000,000	40,100,000	40,400,000	41,300,000	13,600,000	13,500,000	14,400,000	15,700,000	15,300,000	16,100,000	16,300,000	16,400,000	16,400,000	16,500,000	16,500,000	17,225,000	17,347,000	17,331,000	17,268,000	17,271,000	17,020,000	17,531,000	17,419,000	17,294,000	17,328,000	17,268,000	17,209,000	17,047,000	17,130,000	16,978,000	16,903,000	16,638,000	16,858,000	16,444,000	16,358,000	15,186,000	16,311,000	14,440,000	13,609,000	13,582,000	13,587,000	13,573,000	13,573,000	13,541,000	13,549,000	13,529,000	13,522,000	13,458,000	13,509,000	13,427,000		13,159,000	13,149,000	13,124,000		12,920,000	12,913,000				13,189,000	13,174,000
diluted	72,300,000	74,400,000	74,600,000	74,600,000	74,600,000	74,700,000	76,100,000	77,100,000	76,900,000	38,500,000	38,400,000	38,600,000	38,800,000	39,200,000	39,200,000	39,300,000	39,600,000	40,100,000	40,100,000	39,500,000	39,700,000	40,600,000	40,700,000	40,700,000	40,600,000	41,600,000	13,700,000	13,600,000	14,500,000	16,000,000	15,500,000	16,300,000	16,800,000	16,800,000	16,900,000	17,000,000	17,000,000	17,576,000	17,769,000	17,735,000	17,268,000	17,589,000	17,303,000	17,880,000	17,419,000	17,938,000	17,955,000	17,921,000	17,828,000	17,475,000	17,575,000	17,502,000	17,433,000	17,125,000	16,974,000	16,935,000	16,358,000	15,666,000	16,768,000	14,895,000	13,609,000	14,040,000	13,587,000	14,031,000	13,573,000	14,017,000	14,025,000	13,998,000	14,010,000	13,972,000	14,038,000	13,903,000		13,667,000	13,656,000	13,623,000		13,500,000	13,511,000				13,392,000	13,380,000
equity in earnings of unconsolidated investments																																																								460,000	-416,000			-290,000	443,000				322,000
pari-mutuel wagering																																																									62,363,000
other operating																																																									11,437,000
purses and pari-mutuel taxes																																																									20,456,000
gaming taxes																																																									13,935,000
other direct expenses																																																									84,012,000
income from continuing operations																																																									-3,186,000				-8,409,000
net income per common share data:
basic
earnings from continuing operations before benefit for income taxes																																																																	-8,546,000				1,398,000
insurance recoveries																																																																		-4,300,000			-17,200,000
operating profit																																																																		14,489,500	4,295,000	51,083,000		9,698,750	4,632,000	48,287,000
benefit from income taxes																																																																		2,116,000	-1,351,000	-20,854,000								-23,310,000
(loss) on sale of business
net earnings per common share:
basic																																																2,850	60				80																															2,130
loss on sale of business																																																																									-182,000
net earnings																																						14,422,250	4,203,000	55,044,000		46,353,560	210	3,230	-40	-320	520			150	340	2,820		7,613,000	19,780,000	40,147,000		-1,895,000	-689,000	27,605,000		-6,882,000	-2,325,000	30,861,000	-4,826,000	-4,073,000	2,468,000	29,412,000	742,000	-6,215,000	818,000	29,319,000		-2,016,000	8,747,000	33,353,000		-3,016,000	71,635,000	1,508,000				28,025,000
basic
other income
gain on sale of business
gross profit																																																																								61,356,000		6,390,000	14,608,000	59,088,000		3,492,000	15,339,000	10,816,000				57,071,000
yoy																																																																								3.84%		82.99%	-4.77%	446.30%				-81.05%
qoq																																																																										-56.26%	-75.28%			-77.23%	41.82%
gross margin %	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%	0%	0%	0%
unrealized gain on derivative instruments																																																																								204,000	204,000	205,000	204,000	204,000	204,000	204,000	204,000		206,000
gross loss																																																																									-5,083,000				-6,844,000
net income from continuing operations																																																																									-8,430,000				-10,273,000
basic and diluted net income per common share:
basic and diluted weighted-average shares outstanding																																																																									13,371,000				13,074,000				12,881,000				13,159,000
other comprehensive income, net of income taxes:
change in fair value of cash flow hedges																																																																																	1,069,000
asset impairment loss
intangible impairment loss
other comprehensive loss, net of income taxes:
earnings before benefit from income taxes																																																																																5,416,000				47,051,000
income before income tax benefit
other comprehensive loss, net of tax:
basic and diluted net income per common share																																																																																	-1,080				-870

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