| Cash Flow | 2025-07-31 |
|---|---|
| Depreciation and amortization | 296,437 |
| Change in estimated fair value of contingent consideration | 9,379 |
| Net income | 297,976 |
| Stock-based compensation expense | 33,962 |
| Deferred income taxes, net | -20,952 |
| (gain) loss on disposal of fixed assets and other, net | 6,933 |
| Other non-cash income, net | 29,014 |
| Trade receivables, net | 6,708 |
| Inventories, net | -1,203 |
| Accounts payable and accrued liabilities | 18,396 |
| Deferred revenue | 26,436 |
| Income taxes payable | -36,281 |
| Other assets and liabilities, net | 29,031 |
| Net cash provided by operating activities | 554,870 |
| Capital expenditures | 235,191 |
| Acquisition of businesses, net of cash acquired | 0 |
| Deposit returned for acquisition of business | 0 |
| Investments in short-term deposits | 0 |
| Maturity of short-term deposits | 0 |
| Cash received from disposal of fixed assets | 12,373 |
| Other investing activities, net | -18,321 |
| Net cash used in investing activities | -204,497 |
| Proceeds from borrowings under 5.625 notes | 500,000 |
| Proceeds from borrowings under 6.50 notes | 0 |
| Proceeds from borrowings under vail holdings credit agreement | 350,000 |
| Repayments of borrowings under 6.25 notes | 0 |
| Repayments of borrowings under vail holdings credit agreement | 399,219 |
| Repayments of borrowings under whistler credit agreement | 0 |
| Repurchases of 0.0 convertible notes | 48,000 |
| Dividends paid | 328,168 |
| Repurchases of common stock | 270,000 |
| Employee taxes paid for share award exercises | 8,036 |
| Other financing activities, net | -39,224 |
| Net cash used in financing activities | -242,647 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 11,630 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 119,356 |
| Cash and cash equivalents at beginning of period | 337,063 |
| Cash and cash equivalents at end of period | 456,419 |
VAIL RESORTS INC (MTN)
VAIL RESORTS INC (MTN)