Vail Resorts, Inc. (MTN) financial statements (2021 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)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3013911091781176835
Cash and cash equivalents1,3013911091781176835
Restricted cash and investments111110710613
Receivables117107271231187147114
Inventory, net of allowances, customer advances and progress billings871029786857573
Inventory871029786857573
Prepaid expense      0
Other current assets58544237342724
Other undisclosed current assets      28
Total current assets:1,573665528539433323288
Noncurrent Assets
Operating lease, right-of-use asset215226 
Inventory, real estate979710199103111130
Property, plant and equipment2,1592,1931,8431,6271,7141,3641,386
Long-term investments and receivables      7
Long-term investments      7
Intangible assets, net (including goodwill)2,0802,0241,9141,7561,815649645
Goodwill1,7611,7091,6081,4761,520509500
Intangible assets, net (excluding goodwill)319315306281295140144
Other noncurrent assets41404043453541
Other undisclosed noncurrent assets      (7)
Total noncurrent assets:4,5924,5793,8983,5263,6782,1592,201
TOTAL ASSETS:6,1665,2444,4264,0654,1112,4822,490
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities321227303246302287223
Accounts payable86609681727362
Accrued liabilities93575641554746
Employee-related liabilities104698874777258
Taxes payable38416351989657
Deferred revenue480256 
Debt113644938381310
Deferred revenue and credits240183146
Other undisclosed current liabilities6857368309242319
Total current liabilities:982603719594605506399
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,7682,3871,5281,2341,234687807
Long-term debt, excluding current maturities2,7682,3871,5281,2341,234687807
Operating lease, liability211218 
Other undisclosed long-term debt and lease obligation(211)(218)     
Liabilities, other than long-term debt535398324289330251248
Deferred revenue121  
Deferred tax liabilities, net169134171130148
Deferred income tax liabilities266234 
Other liabilities147163155155159121100
Other undisclosed noncurrent liabilities194324129136143149156
Total noncurrent liabilities:3,4973,1091,9801,6601,7071,0871,210
Total liabilities:4,4793,7132,6992,2532,3121,5941,609
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4611,3171,5011,5891,571875867
Common stock0000000
Treasury stock, value(404)(404)(358)(273)(247)(247)(193)
Additional paid in capital1,2161,1321,1301,1371,223636624
Accumulated other comprehensive income (loss)8(57)(32)(2)44(2)(5)
Retained earnings640646760727551487441
Other undisclosed stockholders' equity attributable to parent  000  
Stockholders' equity attributable to noncontrolling interest2262152262222281414
Total stockholders' equity:1,6861,5321,7271,8121,799888881
TOTAL LIABILITIES AND EQUITY:6,1665,2444,4264,0654,1112,4822,490

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

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues1,5881,9642,2722,0121,9071,6011,400
Revenue, net1,9071,6011,400
Cost of revenue
(Cost of Goods and Services Sold)
    (13)(16)(32)
Gross profit:1,5881,9642,2722,0121,8941,5861,368
Operating expenses(285)(277)(219)(209)(196)(167)(223)
Other undisclosed operating loss(1,211)(1,463)(1,577)(1,394)(1,319)(1,136)(934)
Operating income:92223476409379283211
Nonoperating income (expense)4(2)0(7)2110
Investment income, nonoperating1132610
Foreign currency transaction gain (loss), before tax3(3)(3)(9)15  
Interest and debt expense(131)(107)(79)(63)(54)(42)(62)
Other undisclosed income from continuing operations before equity method investments, income taxes2222211
Income (loss) from continuing operations before equity method investments, income taxes:(33)116399340348243149
Other undisclosed income from continuing operations before income taxes4      
Income (loss) from continuing operations before income taxes:(30)116399340348243149
Income tax expense (benefit)24(7)(75)61(117)(93)(35)
Net income (loss):(6)109323401232149115
Net income (loss) attributable to noncontrolling interest(1)(10)(22)(21)(21)00
Net income (loss) available to common stockholders, diluted:(7)99301380211150115

Comprehensive Income ($ in millions)

1/31/2021
TTM
7/31/2020
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net income (loss):(6)109323401232149115
Other undisclosed comprehensive income (loss)65(32)(34)(62)643(5)
Comprehensive income:5977289339296153110
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)(4)(18)(6)(39)00
Comprehensive income, net of tax, attributable to parent:4574272333256153110

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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