Vail Resorts, Inc. (MTN) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4071,24439110917811768
Cash and cash equivalents1,4071,24439110917811768
Restricted cash and investments161511107106
Receivables167345107271231187147
Inventory, net of allowances, customer advances and progress billings1058010297868575
Inventory1058010297868575
Other current assets73615442373427
Total current assets:1,7671,746665528539433323
Noncurrent Assets
Operating lease, right-of-use asset199205226 
Inventory, real estate95969710199103111
Property, plant and equipment2,1902,0682,1931,8431,6271,7141,364
Intangible assets, net (including goodwill)2,0822,1002,0241,9141,7561,815649
Goodwill1,7641,7811,7091,6081,4761,520509
Intangible assets, net (excluding goodwill)318319315306281295140
Other noncurrent assets36374040434535
Total noncurrent assets:4,6024,5054,5793,8983,5263,6782,159
TOTAL ASSETS:6,3706,2515,2444,4264,0654,1112,482
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385338227303246302287
Accounts payable138986096817273
Accrued liabilities96895756415547
Employee-related liabilities1271026988747772
Taxes payable24494163519896
Deferred revenue611456256 
Debt641146449383813
Deferred revenue and credits240183
Other undisclosed current liabilities9470573683092423
Total current liabilities:1,155978603719594605506
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,6962,7362,3871,5281,2341,234687
Long-term debt, excluding current maturities2,6962,7362,3871,5281,2341,234687
Operating lease, liability189191218 
Other undisclosed long-term debt and lease obligation(189)(191)(218)    
Liabilities, other than long-term debt403374398324289330251
Deferred revenue121121  
Deferred tax liabilities, net169134171130
Deferred income tax liabilities282253234 
Other liabilities  163155155159121
Other undisclosed noncurrent liabilities322334324129136143149
Total noncurrent liabilities:3,4213,4443,1091,9801,6601,7071,087
Total liabilities:4,5764,4223,7132,6992,2532,3121,594
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5661,5951,3171,5011,5891,571875
Common stock0000000
Treasury stock, value(404)(404)(404)(358)(273)(247)(247)
Additional paid in capital1,1731,1971,1321,1301,1371,223636
Accumulated other comprehensive income (loss)1028(57)(32)(2)44(2)
Retained earnings786774646760727551487
Other undisclosed stockholders' equity attributable to parent   000 
Stockholders' equity attributable to noncontrolling interest22823421522622222814
Total stockholders' equity:1,7941,8291,5321,7271,8121,799888
TOTAL LIABILITIES AND EQUITY:6,3706,2515,2444,4264,0654,1112,482

Income statement (P&L) ($ in millions)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Revenues2,1751,9101,9642,2722,0121,9071,601
Revenue, net1,9071,601
Cost of revenue
(Cost of Goods and Services Sold)
     (13)(16)
Gross profit:2,1751,9101,9642,2722,0121,8941,586
Operating expenses(237)(258)(277)(219)(209)(196)(167)
Other undisclosed operating loss(1,561)(1,391)(1,463)(1,577)(1,394)(1,319)(1,136)
Operating income:377261223476409379283
Nonoperating income (expense)19(2)0(7)211
Investment income, nonoperating1113261
Foreign currency transaction gain (loss), before tax18(3)(3)(9)15 
Interest and debt expense(155)(151)(107)(79)(63)(54)(42)
Other undisclosed income from continuing operations before equity method investments, income taxes7722221
Income from continuing operations before equity method investments, income taxes:230125116399340348243
Other undisclosed loss from continuing operations before income taxes(3)      
Income from continuing operations before income taxes:227125116399340348243
Income tax expense (benefit)(3)(1)(7)(75)61(117)(93)
Net income:224124109323401232149
Net income (loss) attributable to noncontrolling interest(9) (10)(22)(21)(21)0
Other undisclosed net income attributable to parent33     
Net income available to common stockholders, diluted:21812899301380211150

Comprehensive Income ($ in millions)

1/31/2022
TTM
7/31/2021
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
Net income:224124109323401232149
Other undisclosed comprehensive income (loss)5113(32)(34)(62)643
Comprehensive income:22823777289339296153
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(25)(4)(18)(6)(39)0
Comprehensive income, net of tax, attributable to parent:22021274272333256153

Statements sources

The financial statements are based on the company's filings with the 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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