M&A
confidence high
sentiment neutral
materiality 0.55
Churchill Downs files audited P2E financials; acquired entity had $556.5M revenue, $37.8M net loss in 2021
Churchill Downs Inc
- P2E 2021 revenue $556.5M (HHR $271.1M, gaming $227.7M); net loss $37.8M.
- P2E total assets $871.7M, long-term debt $836.3M, member's deficit $47.3M at Dec 31, 2021.
- Unaudited pro forma condensed combined balance sheet and income statements for CDI as of Sep 30, 2022 and for 2021 and nine months 2022.
- Acquisition closed Nov 1, 2022; properties include Colonial Downs, Rosie's venues, del Lago, and Hard Rock Sioux City.