Churchill Downs Incorporated (CHDN) — Free Cash Flow Generation Index
Churchill Downs Incorporated (CHDN) has a Free Cash Flow Generation Index of 0.73x as of June 2026. Free cash flow of $159.00 Million represents 1% of operating cash flow ($217.00 Million). Explore Churchill Downs Incorporated capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Churchill Downs Incorporated Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for Churchill Downs Incorporated across 32 annual periods. For the full cash flow conversion analysis, see Churchill Downs Incorporated (CHDN) cash flow conversion.
Annual Free Cash Flow Generation for Churchill Downs Incorporated (1993–2025)
Year-by-year Free Cash Flow Generation Index for Churchill Downs Incorporated. Check CHDN total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.40x | $309.60 Million | $769.80 Million | $460.20 Million | ▲ +37.7% |
| 2024 | 0.29x | $225.70 Million | $772.70 Million | $547.00 Million | ▲ +350.3% |
| 2023 | -0.12x | $-70.70 Million | $605.80 Million | $676.50 Million | ▼ -178.3% |
| 2022 | 0.15x | $80.00 Million | $536.80 Million | $456.80 Million | ▼ -79.5% |
| 2021 | 0.73x | $243.70 Million | $335.50 Million | $91.80 Million | ▲ +211.7% |
| 2020 | -0.65x | $-92.30 Million | $141.90 Million | $234.20 Million | ▼ -249.1% |
| 2019 | 0.44x | $126.30 Million | $289.60 Million | $163.30 Million | ▲ +78.2% |
| 2018 | 0.24x | $48.40 Million | $197.80 Million | $149.40 Million | ▼ -47.3% |
| 2017 | 0.46x | $101.30 Million | $218.20 Million | $116.90 Million | ▼ -37.9% |
| 2016 | 0.75x | $169.60 Million | $226.80 Million | $57.20 Million | ▼ -9.6% |
| 2015 | 0.83x | $218.77 Million | $264.53 Million | $45.76 Million | ▲ +38.0% |
| 2014 | 0.60x | $84.88 Million | $141.62 Million | $56.74 Million | ▼ -7.1% |
| 2013 | 0.65x | $93.49 Million | $144.91 Million | $51.42 Million | ▼ -7.6% |
| 2012 | 0.70x | $100.86 Million | $144.41 Million | $43.55 Million | ▼ -18.4% |
| 2011 | 0.86x | $148.26 Million | $173.18 Million | $24.92 Million | ▲ +1157.7% |
| 2010 | -0.08x | $-4.84 Million | $59.86 Million | $64.70 Million | ▲ +59.3% |
| 2009 | -0.20x | $-14.14 Million | $71.05 Million | $85.19 Million | ▼ -140.9% |
| 2008 | 0.49x | $38.08 Million | $78.23 Million | $40.15 Million | ▲ +345.8% |
| 2007 | 0.11x | $5.59 Million | $51.23 Million | $45.63 Million | ▼ -66.9% |
| 2006 | 0.33x | $22.91 Million | $69.51 Million | $46.60 Million | ▲ +155.5% |
| 2004 | -0.59x | $-28.77 Million | $48.40 Million | $77.17 Million | ▼ -552.0% |
| 2003 | 0.13x | $6.18 Million | $47.04 Million | $40.85 Million | ▼ -63.3% |
| 2002 | 0.36x | $12.70 Million | $35.42 Million | $22.72 Million | ▼ -48.6% |
| 2001 | 0.70x | $33.68 Million | $48.31 Million | $14.63 Million | ▲ +294.6% |
| 2000 | 0.18x | $4.81 Million | $27.23 Million | $22.42 Million | ▲ +103.5% |
| 1999 | -5.06x | $-200.70 Million | $39.70 Million | $240.40 Million | ▼ -446.0% |
| 1998 | -0.93x | $-10.00 Million | $10.80 Million | $20.80 Million | ▼ -264.8% |
| 1997 | 0.56x | $5.90 Million | $10.50 Million | $4.60 Million | ▼ -32.1% |
| 1996 | 0.83x | $12.50 Million | $15.10 Million | $2.60 Million | ▲ +72.9% |
| 1995 | 0.48x | $7.90 Million | $16.50 Million | $8.60 Million | ▲ +145.9% |
| 1994 | -1.04x | $-11.90 Million | $11.40 Million | $23.30 Million | ▼ -224.4% |
| 1993 | 0.84x | $7.30 Million | $8.70 Million | $1.40 Million | — |