Vail Resorts Inc. (MTN) Financial Statements (2025 and earlier)

Company Profile

Business Address 390 INTERLOCKEN CRESCENT
BROOMFIELD, CO 80021
State of Incorp. DE
Fiscal Year End July 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2024
Q1
7/31/2024
Q4
4/30/2024
Q3
1/31/2024
Q2
10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments322,827705,429812,163728,859562,975896,089
Cash and cash equivalents322,827705,429812,163728,859562,975896,089
Restricted cash and investments14,23611,45813,32911,53210,11822,544
Receivables375,752342,920138,269105,546381,067351,597
Inventory, net of allowances, customer advances and progress billings118,988107,815134,839157,707132,548103,606
Inventory118,988107,815134,839157,707132,548103,606
Other current assets79,55863,57880,204130,861121,403108,592
Total current assets:911,3611,231,2001,178,8041,134,5051,208,1111,482,428
Noncurrent Assets
Operating lease, right-of-use asset256,627186,924189,838187,128192,289199,990
Inventory, real estate86,54886,56886,73786,46590,20790,078
Property, plant and equipment2,422,6352,288,7552,349,4242,344,6012,371,5572,370,273
Intangible assets, net (including goodwill)1,980,5101,975,9572,004,0241,968,4852,029,6892,000,552
Goodwill1,677,9751,676,6101,699,9091,668,0281,720,3441,694,033
Intangible assets, net (excluding goodwill)302,535299,347304,115300,457309,345306,519
Other noncurrent assets40,75639,33238,83738,83255,90156,130
Total noncurrent assets:4,787,0764,577,5364,668,8604,625,5114,739,6434,717,023
TOTAL ASSETS:5,698,4375,808,7365,847,6645,760,0165,947,7546,199,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities403,280431,638394,529348,705414,231381,093
Accounts payable141,246103,451130,796161,581148,521114,164
Accrued liabilities262,034328,187263,733187,124265,710266,929
Deferred revenue575,766448,760660,281872,418572,602448,321
Debt57,15368,47069,13569,65969,16068,970
Other undisclosed current liabilities77,11091,811104,82972,06574,70287,977
Total current liabilities:1,113,3091,040,6791,228,7741,362,8471,130,695986,361
Noncurrent Liabilities
Long-term debt and lease obligation2,721,5972,700,2572,721,5982,732,0372,750,6752,773,747
Long-term debt, excluding current maturities2,721,5972,700,2572,721,5982,732,0372,750,6752,773,747
Liabilities, other than long-term debt618,180546,245563,597559,398554,163687,003
Deferred revenue104,900106,700108,300107,900109,700111,400
Deferred income tax liabilities279,815284,665286,581286,036276,137401,240
Operating lease, liability233,465154,880168,716165,462168,326174,363
Other undisclosed noncurrent liabilities206,868199,523183,030177,554176,561152,843
Total noncurrent liabilities:3,546,6453,446,0253,468,2253,468,9893,481,3993,613,593
Total liabilities:4,659,9544,486,7044,696,9994,831,8364,612,0944,599,954
Equity
Equity, attributable to parent, including:723,5371,003,508829,904633,0311,003,9471,273,918
Common stock469469469469468468
Additional paid in capital1,145,6101,139,0891,133,2751,126,0331,124,4331,118,221
Accumulated other comprehensive loss(67,288)(64,640)(29,838)(78,376)(10,358)(42,434)
Retained earnings780,4311,039,023760,820619,727873,7101,080,972
Other undisclosed equity, attributable to parent(1,135,685)(1,110,433)(1,034,822)(1,034,822)(984,306)(883,309)
Equity, attributable to noncontrolling interest314,946318,524320,761295,149331,713325,579
Total equity:1,038,4831,322,0321,150,665928,1801,335,6601,599,497
TOTAL LIABILITIES AND EQUITY:5,698,4375,808,7365,847,6645,760,0165,947,7546,199,451

Income Statement (P&L) ($ in thousands)

10/31/2024
Q1
7/31/2024
Q4
4/30/2024
Q3
1/31/2024
Q2
10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
Revenues265,3861,283,2821,077,958258,565269,7681,238,431
Gross profit:265,3861,283,2821,077,958258,565269,7681,238,431
Operating expenses(68,508)(69,057)(70,157)(68,771)(60,746)(75,366)
Other undisclosed operating loss(395,578)(667,593)(657,249)(396,849)(369,123)(662,539)
Operating income (loss):(198,700)546,632350,552(207,055)(160,101)500,526
Nonoperating income (expense)5,0392,7917,903(1,281)8,6665,974
Investment income, nonoperating4,9495,0964,8633,6846,0107,740
Gain (loss), foreign currency transaction, before tax90(2,305)3,040(4,965)2,656(1,766)
Interest and debt expense(40,671)(39,853)(40,585)(40,730)(40,211)(39,139)
Income (loss) from continuing operations before equity method investments, income taxes:(234,332)509,570317,870(249,066)(191,646)467,361
Other undisclosed income (loss) from continuing operations before income taxes(320)1,093(579)85912394
Income (loss) from continuing operations before income taxes:(234,652)510,663317,291(248,207)(191,523)467,455
Income tax expense (benefit)52,790(129,280)(87,486)65,16056,901(124,289)
Net income (loss):(181,862)381,383229,805(183,047)(134,622)343,166
Net income (loss) attributable to noncontrolling interest22,359(19,388)(10,506)7,53523,011(18,160)
Other undisclosed net loss attributable to parent (15,874)   (16,955) 
Net income (loss) available to common stockholders, diluted:(175,377)361,995219,299(175,512)(128,566)325,006

Comprehensive Income ($ in thousands)

10/31/2024
Q1
7/31/2024
Q4
4/30/2024
Q3
1/31/2024
Q2
10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
Net income (loss):(181,862)381,383229,805(183,047)(134,622)343,166
Other undisclosed comprehensive income (loss)1,622(52,881)67,290(94,564)46,925(38,553)
Comprehensive income (loss):(180,240)328,502297,095(277,611)(87,697)304,613
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2,215(1,309)(29,258)34,081(8,793)(13,476)
Comprehensive income (loss), net of tax, attributable to parent:(178,025)327,193267,837(243,530)(96,490)291,137

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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