secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000020212-23-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs reports record 2022 revenue $1.81B (+13% YoY), net income $439.4M (+76% YoY)
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- Record 2022 net revenue $1,809.8M (+13% YoY); net income $439.4M (+76% YoY); Adjusted EBITDA $763.6M (+22% YoY).
- Q4 net income $1.0M ($0.03 diluted EPS) vs $43.3M ($1.11) prior year; Q4 Adjusted EBITDA $180.7M vs $127.0M.
- Completed $2.75B acquisition of Peninsula Pacific Entertainment on Nov 1, 2022; announced $250M acquisition of Exacta Systems on Dec 19, 2022.
- Annual dividend increased 7% to $0.714 per share, 12th consecutive annual increase; share repurchases of $175.5M in 2022.
- Sold Arlington Heights to Chicago Bears for $197.2M (Feb 15, 2023); 2023 capex guidance $575-675M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000057/0000020212-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021223000057/chdn-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000020212-23-000057

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