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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net revenue:      
Total net revenue $ 1,597.2 $ 1,054.0 $ 1,329.7
Operating expense:      
Selling, general and administrative expense 138.5 114.8 122.0
Asset impairments 15.3 17.5 0.0
Transaction expense, net 7.9 1.0 5.3
Total operating expense 1,312.8 993.8 1,114.0
Operating income 284.4 60.2 215.7
Other income (expense):      
Interest expense, net (84.7) (80.0) (70.9)
Equity in income of unconsolidated affiliates 143.2 27.7 50.6
Miscellaneous, net 0.7 0.1 1.0
Total other income (expense) 59.2 (52.2) (19.3)
Income from continuing operations before provision for income taxes 343.6 8.0 196.4
Income tax (provision) benefit (94.5) 5.3 (56.8)
Income from continued operations, net of tax 249.1 13.3 139.6
Loss from discontinued operations, net of tax 0.0 (95.4) (2.4)
Net income (loss) 249.1 (82.1) 137.2
Net loss attributable to noncontrolling interest 0.0 (0.2) (0.3)
Net income (loss) and comprehensive income (loss) attributable to Churchill Downs Incorporated $ 249.1 $ (81.9) $ 137.5
Net income (loss) per common share data - basic:      
Continuing operations (in dollars per share) $ 6.45 $ 0.34 $ 3.49
Discontinued operations (in dollars per share) 0 (2.41) (0.06)
Net income (loss) per common share - basic (in dollars per share) 6.45 (2.07) 3.43
Net income (loss) per common share data - diluted:      
Continuing operations (in dollars per share) 6.35 0.33 3.44
Discontinued operations (in dollars per share) 0 (2.41) (0.06)
Net income (loss) per common share - diluted (in dollars per share) $ 6.35 $ (2.08) $ 3.38
Weighted average shares outstanding:      
Basic (in shares) 38.6 39.6 40.1
Diluted (in shares) 39.2 40.1 40.6
Live and Historical Racing      
Net revenue:      
Total net revenue $ 409.1 $ 169.6 $ 276.7
Operating expense:      
Operating expense 288.9 179.0 178.8
TwinSpires      
Net revenue:      
Total net revenue 431.7 414.5 295.6
Operating expense:      
Operating expense 325.4 275.8 207.9
Gaming      
Net revenue:      
Total net revenue 695.4 435.3 687.3
Operating expense:      
Operating expense 476.3 357.9 526.0
All Other      
Net revenue:      
Total net revenue 61.0 34.6 70.1
Operating expense:      
Operating expense $ 60.5 $ 47.8 $ 74.0