VAIL RESORTS INC

For the period ended Jan 31, 2024. Filed Mar 11, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jan 31, 2024 · Filed Mar 11, 2024

MTN$159.89+0.8%Stored close · as of Nov 9, 2026

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Contents

Item 1. Consolidated Condensed Balance Sheets as of January 31, 2024, July 31, 2023 and January 31, 2023

Consolidated Condensed Balance Sheets

(In thousands, except per share amounts)

	January 31, 2024	July 31, 2023	January 31, 2023
Assets
Current assets:
Cash and cash equivalents	$812,163	$562,975	$1,295,252
Restricted cash	13,329	10,118	24,103
Trade receivables, net	138,269	381,067	160,393
Inventories, net	134,839	132,548	122,088
Other current assets	80,204	121,403	158,295
Total current assets	1,178,804	1,208,111	1,760,131
Property, plant and equipment, net (Note 7)	2,349,424	2,371,557	2,421,395
Real estate held for sale or investment	86,737	90,207	90,354
Goodwill, net (Note 7)	1,699,909	1,720,344	1,723,019
Intangible assets, net	304,115	309,345	310,666
Operating right-of-use assets	189,838	192,289	200,667
Other assets	38,837	55,901	58,730
Total assets	$5,847,664	$5,947,754	$6,564,962
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities (Note 7)	$1,141,624	$978,021	$1,144,795
Income taxes payable	18,015	83,514	73,559
Long-term debt due within one year (Note 5)	69,135	69,160	69,582
Total current liabilities	1,228,774	1,130,695	1,287,936
Long-term debt, net (Note 5)	2,721,598	2,750,675	2,789,827
Operating lease liabilities	168,716	168,326	184,298
Other long-term liabilities	291,330	286,261	237,478
Deferred income taxes, net	286,581	276,137	288,072
Total liabilities	4,696,999	4,612,094	4,787,611
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock, $0.01 par value, 25,000 shares authorized, no shares issued and outstanding	—	—	—
Common stock, $0.01 par value, 100,000 shares authorized, 46,852, 46,798 and 46,795 shares issued, respectively	469	468	468
Additional paid-in capital	1,133,275	1,124,433	1,112,519
Accumulated other comprehensive loss	(29,838)	(10,358)	(8,565)
Retained earnings	760,820	873,710	837,573
Treasury stock, at cost, 8,885, 8,648 and 6,466 shares, respectively (Note 11)	(1,034,822)	(984,306)	(479,417)
Total Vail Resorts, Inc. stockholders’ equity	829,904	1,003,947	1,462,578
Noncontrolling interests	320,761	331,713	314,773
Total stockholders’ equity	1,150,665	1,335,660	1,777,351
Total liabilities and stockholders’ equity	$5,847,664	$5,947,754	$6,564,962

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.