secwatch.observer — SEC 8-K summary
======================================

Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K/A
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0000020212-23-000035
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs files audited P2E financials; acquired entity had $556.5M revenue, $37.8M net loss in 2021
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000035/0000020212-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000035/chdn-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000020212-23-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer