VAIL RESORTS INC

For the period ended Apr 30, 2025. Filed Jun 5, 2025.

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.

Apr 30, 2025 · Filed Jun 5, 2025

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 April 30, 2025, July 31, 2024 and

Consolidated Condensed Balance Sheets

(In thousands, except per share amounts)

	April 30, 2025	July 31, 2024	April 30, 2024
Assets
Current assets:
Cash and cash equivalents	$467,034	$322,827	$705,429
Restricted cash	13,778	14,236	11,458
Trade receivables, net	335,900	375,752	342,920
Inventories, net	114,573	118,988	107,815
Other current assets	72,579	79,558	63,578
Total current assets	1,003,864	911,361	1,231,200
Property, plant and equipment, net (Note 7)	2,391,354	2,422,635	2,288,755
Real estate held for sale or investment	87,895	86,548	86,568
Goodwill, net	1,678,918	1,677,975	1,676,610
Intangible assets, net	300,034	302,535	299,347
Operating right-of-use assets	249,196	256,627	186,924
Other assets	51,788	40,756	39,332
Total assets	$5,763,049	$5,698,437	$5,808,736
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities (Note 7)	$940,874	$1,000,798	$851,503
Income taxes payable	101,379	55,358	120,706
Long-term debt due within one year (Note 5)	590,382	57,153	68,470
Total current liabilities	1,632,635	1,113,309	1,040,679
Long-term debt, net (Note 5)	2,106,413	2,721,597	2,700,257
Operating lease liabilities	220,302	233,465	154,880
Other long-term liabilities	288,506	311,768	306,223
Deferred income taxes, net	279,258	279,815	284,665
Total liabilities	4,527,114	4,659,954	4,486,704
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, 46,925, 46,855 and 46,855 shares issued, respectively	469	469	469
Additional paid-in capital	1,160,833	1,145,610	1,139,089
Accumulated other comprehensive loss	(57,074)	(67,288)	(64,640)
Retained earnings	997,440	780,431	1,039,023
Treasury stock, at cost, 9,774, 9,370 and 9,231 shares, respectively (Note 11)	(1,206,293)	(1,135,685)	(1,110,433)
Total Vail Resorts, Inc. stockholders’ equity	895,375	723,537	1,003,508
Noncontrolling interests	340,560	314,946	318,524
Total stockholders’ equity	1,235,935	1,038,483	1,322,032
Total liabilities and stockholders’ equity	$5,763,049	$5,698,437	$5,808,736

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.