Churchill Downs Incorporated (CHDN) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.83x

Churchill Downs Incorporated (CHDN) has a Cash Flow Reinvestment Rate of 0.83x as of December 2025, reinvesting $80.10 Million (capex $80.10 Million ) from operating cash flow of $96.00 Million. Explore how much does Churchill Downs Incorporated reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.83x
(Capex + Investments) / Operating CF

Total Reinvested

$80.10 Million
Capex + Investments

Operating Cash Flow

$96.00 Million
USD

Capital Expenditures

$80.10 Million
USD

Churchill Downs Incorporated Cash Flow Reinvestment Rate (1993–2025)

Historical reinvestment intensity for Churchill Downs Incorporated across 32 annual periods. Also explore Churchill Downs Incorporated total assets for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for Churchill Downs Incorporated (1993–2025)

Year-by-year capital reinvestment analysis for Churchill Downs Incorporated. For live market cap and broader valuation context, see market value of Churchill Downs Incorporated.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.36x $274.90 Million $769.80 Million $274.90 Million ▼ -74.7%
2024 1.41x $1.09 Billion $772.70 Million $547.00 Million ▼ -79.7%
2023 6.97x $4.22 Billion $605.80 Million $676.50 Million ▲ +5.1%
2022 6.63x $3.56 Billion $536.80 Million $456.80 Million ▲ +1057.8%
2021 0.57x $192.20 Million $335.50 Million $91.80 Million ▼ -82.8%
2020 3.34x $473.60 Million $141.90 Million $234.20 Million ▲ +68.6%
2019 1.98x $573.40 Million $289.60 Million $163.30 Million ▼ -59.8%
2018 4.92x $973.50 Million $197.80 Million $149.40 Million ▲ +662.2%
2017 0.65x $140.90 Million $218.20 Million $116.90 Million ▲ +133.6%
2016 0.28x $62.70 Million $226.80 Million $57.20 Million ▲ +42.6%
2015 0.19x $51.30 Million $264.53 Million $45.76 Million ▼ -63.2%
2014 0.53x $74.64 Million $141.62 Million $56.74 Million ▼ -37.4%
2013 0.84x $121.92 Million $144.91 Million $51.42 Million ▲ +91.6%
2012 0.44x $63.40 Million $144.41 Million $43.55 Million ▲ +205.1%
2011 0.14x $24.92 Million $173.18 Million $24.92 Million ▼ -86.7%
2010 1.08x $64.70 Million $59.86 Million $64.70 Million ▼ -9.9%
2009 1.20x $85.19 Million $71.05 Million $85.19 Million ▲ +133.6%
2008 0.51x $40.15 Million $78.23 Million $40.15 Million ▼ -42.4%
2007 0.89x $45.63 Million $51.23 Million $45.63 Million ▲ +32.9%
2006 0.67x $46.60 Million $69.51 Million $46.60 Million ▼ -58.0%
2004 1.59x $77.17 Million $48.40 Million $77.17 Million ▲ +83.6%
2003 0.87x $40.85 Million $47.04 Million $40.85 Million ▲ +35.4%
2002 0.64x $22.72 Million $35.42 Million $22.72 Million ▲ +111.9%
2001 0.30x $14.63 Million $48.31 Million $14.63 Million ▼ -63.2%
2000 0.82x $22.42 Million $27.23 Million $22.42 Million ▼ -86.4%
1999 6.06x $240.40 Million $39.70 Million $240.40 Million ▲ +214.4%
1998 1.93x $20.80 Million $10.80 Million $20.80 Million ▲ +339.6%
1997 0.44x $4.60 Million $10.50 Million $4.60 Million ▲ +154.4%
1996 0.17x $2.60 Million $15.10 Million $2.60 Million ▼ -67.0%
1995 0.52x $8.60 Million $16.50 Million $8.60 Million ▼ -74.5%
1994 2.04x $23.30 Million $11.40 Million $23.30 Million ▲ +1170.1%
1993 0.16x $1.40 Million $8.70 Million $1.40 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow