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)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127109178117683544
Cash and cash equivalents127109178117683544
Restricted cash and investments1410710613 
Receivables10527123118714711496
Inventory, net of allowances, customer advances and progress billings114978685757367
Inventory114978685757367
Prepaid expense     00
Other current assets54423734272425
Other undisclosed current assets     2842
Total current assets:414528539433323288275
Noncurrent Assets
Operating lease, right-of-use asset227 
Inventory, real estate9710199103111130 
Property, plant and equipment2,2641,8431,6271,7141,3641,3861,148
Long-term investments and receivables     78
Long-term investments     78
Intangible assets, net (including goodwill)2,0711,9141,7561,815649645496
Goodwill1,7501,6081,4761,520509500378
Intangible assets, net (excluding goodwill)321306281295140144118
Other noncurrent assets40404345354197
Other undisclosed noncurrent assets     (7)150
Total noncurrent assets:4,7003,8983,5263,6782,1592,2011,899
TOTAL ASSETS:5,1144,4264,0654,1112,4822,4902,174
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36530324630228722334
Accounts payable1279681727362 
Accrued liabilities995641554746 
Employee-related liabilities958874777258 
Taxes payable43635198965734
Deferred revenue427 
Debt6449383813101
Deferred revenue and credits240183146111
Other undisclosed current liabilities63368309242319179
Total current liabilities:918719594605506399324
Noncurrent Liabilities
Long-term debt and lease obligation1,8171,5281,2341,234687807626
Long-term debt, excluding current maturities 1,5281,2341,234687807626
Operating lease, liability228 
Other undisclosed long-term debt and lease obligation1,589      
Liabilities, other than long-term debt135324289330251248229
Deferred tax liabilities, net169134171130148129
Other liabilities135155155159121100101
Other undisclosed noncurrent liabilities593129136143149156160
Total noncurrent liabilities:2,5451,9801,6601,7071,0871,2101,015
Total liabilities:3,4632,6992,2532,3121,5941,6091,339
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4251,5011,5891,571875867821
Common stock0000000
Treasury stock, value(379)(358)(273)(247)(247)(193)(193)
Additional paid in capital1,1311,1301,1371,223636624612
Accumulated other comprehensive income (loss)(44)(32)(2)44(2)(5)(0)
Retained earnings718760727551487441402
Other undisclosed stockholders' equity attributable to parent0000   
Stockholders' equity attributable to noncontrolling interest225226222228141414
Total stockholders' equity:1,6501,7271,8121,799888881835
TOTAL LIABILITIES AND EQUITY:5,1144,4264,0654,1112,4822,4902,174

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

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Revenues2,3942,2722,0121,9071,6011,4001,255
Revenue, net1,9071,6011,4001,255
Cost of revenue
(Cost of Goods and Services Sold)
   (13)(16)(32)(37)
Gross profit:2,3942,2722,0121,8941,5861,3681,217
Operating expenses(233)(219)(209)(196)(167)(223)(1,137)
Other operating expense, net      (74)
Other undisclosed operating income (loss)(1,684)(1,577)(1,394)(1,319)(1,136)(934)112
Operating income:477476409379283211117
Nonoperating income (expense)10(7)21100
Investment income, nonoperating3326100
Foreign currency transaction gain (loss), before tax(1)(3)(9)15   
Interest and debt expense(89)(79)(63)(54)(42)(62)(75)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes222211(15)
Income from continuing operations before equity method investments, income taxes:39239934034824314928
Other undisclosed income from continuing operations before income taxes0     16
Income from continuing operations before income taxes:39239934034824314944
Income tax expense (benefit)(69)(75)61(117)(93)(35)(16)
Net income:32332340123214911528
Net income (loss) attributable to noncontrolling interest(21)(22)(21)(21)000
Net income available to common stockholders, diluted:30330138021115011528

Comprehensive Income ($ in millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Net income:32332340123214911528
Other undisclosed comprehensive income (loss)(33)(34)(62)643(5)(0)
Comprehensive income:29028933929615311028
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(18)(6)(39)00(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income, net of tax, attributable to parent:27227233325615311028

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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