7Baggers
Quarterly
Annual
    Unit: USD2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 2018-10-31 2018-07-31 2017-07-31 2016-07-31 2015-07-31 2015-04-30 2015-01-31 2014-10-31 2014-07-31 2014-01-31 2013-10-31 2013-07-31 2013-04-30 2013-01-31 2012-07-31 2011-10-31 2011-07-31 2010-10-31 2010-07-31 2010-04-30 2010-01-31 2009-10-31 2009-07-31 2009-04-30 2009-01-31 2008-10-31 2008-07-31 2008-04-30 2008-01-31 2007-10-31 2007-07-31 2007-04-30 2007-01-31 2006-10-31 2006-07-31 2006-04-30 2006-01-31 2005-10-31 2005-07-31 2005-04-30 2005-01-31 2004-10-31 2004-07-31 
      
                                                                         
      assets
                                                                         
      current assets:
                                                                         
      cash and cash equivalents
    440,290,000    322,827,000    562,975,000    1,107,427,000    1,243,962,000   390,980,000    108,850,000 59,636,000 158,561,000 141,031,000 178,145,000 117,389,000 67,897,000 35,459,000 125,214,000 36,578,000 29,840,000 44,406,000 205,276,000 114,225,000 138,604,000 237,735,000 136,579,000 46,053,000 44,738,000 70,143,000 19,578,000 14,745,000 51,147,000 58,008,000 13,019,000 69,298,000 170,537,000 139,172,000 102,668,000 162,345,000 304,133,000 274,433,000 166,044,000 230,819,000 316,439,000 254,866,000 117,311,000 191,794,000 240,116,000 175,541,000 58,692,000 136,580,000 41,068,000 19,117 31,618 46,328 
      restricted cash
    16,129,000    14,236,000    10,118,000    18,680,000    14,612,000   11,106,000    9,539,000 8,876,000 20,762,000 12,005,000 6,895,000 10,273,000 6,046,000 13,012,000 13,139,000 12,864,000 13,282,000 13,181,000 12,942,000 12,403,000 12,624,000 11,991,000 12,194,000 14,284,000 13,615,000 12,438,000 12,912,000 11,834,000 11,826,000 15,532,000 13,436,000 11,065,000 10,129,000 14,603,000 12,453,000 58,437,000 60,562,000 56,286,000 42,876,000 54,749,000 40,408,000 26,792,000 20,354,000 20,322,000 32,307,000 23,715,000 17,400,000 18,253,000 17,709,000 19,007 16,129 16,031 
      trade receivables, net of allowance
    382,370,000    375,752,000    381,067,000                     147,113,000 113,990,000    95,977,000   79,037,000   65,743,000  58,529,000  53,622,000    58,063,000    50,185,000    43,557,000    35,949,000    33,136,000    31,915 
      inventories, net of reserves
    117,178,000    118,988,000    132,548,000                                                             
      other current assets
    93,823,000    79,558,000    121,403,000    173,277,000    61,288,000   54,482,000    42,116,000 41,177,000 45,212,000 50,752,000 37,279,000 33,681,000 27,220,000 24,235,000 64,054,000 67,001,000 64,452,000 25,050,000 54,501,000 57,334,000 19,696,000 50,478,000 49,633,000 15,959,000 57,822,000 21,340,000 45,782,000 20,843,000 46,037,000 51,684,000 48,822,000 20,318,000 34,761,000 39,112,000 41,988,000 23,078,000 41,846,000 52,603,000 46,615,000 19,392,000 32,833,000 38,918,000 39,082,000 23,693,000 34,744,000 43,909,000 42,258,000 20,697,000 27,985,000 34,816 34,003 13,193 
      total current assets
    1,049,790,000    911,361,000    1,208,111,000    1,791,532,000    1,745,586,000   665,088,000    527,940,000 466,856,000 415,266,000 393,012,000 538,736,000 433,070,000 322,865,000 288,143,000 370,191,000 257,802,000 231,990,000 275,046,000 402,895,000 311,044,000 343,469,000 435,138,000 322,233,000 232,370,000 221,591,000 245,624,000 177,622,000 170,745,000 186,718,000 222,231,000 170,877,000 228,988,000 308,823,000 295,571,000  358,895,000 490,679,000 479,591,000 344,190,000 411,637,000 467,565,000 414,129,000 260,902,000 325,974,000 379,615,000 326,854,000 221,236,000      
      property, plant and equipment
    2,374,654,000    2,422,635,000    2,371,557,000    2,118,052,000    2,067,876,000   2,192,679,000    1,842,500,000 1,847,434,000 1,831,087,000 1,825,982,000 1,627,219,000 1,714,154,000 1,363,814,000 1,386,275,000 1,259,093,000 1,284,215,000 1,295,530,000 1,147,990,000 1,187,789,000 1,185,513,000 1,169,288,000 1,039,907,000 1,057,399,000 1,049,207,000 1,050,026,000 1,021,736,000 1,046,544,000 1,027,390,000 1,024,977,000 1,039,555,000 1,051,933,000 1,057,658,000 1,066,165,000 1,084,031,000 1,077,760,000 1,056,837,000 979,511,000 983,858,000 917,344,000 885,926,000 868,723,000 868,185,000 856,502,000 851,112,000 848,984,000 858,200,000 857,960,000 843,047,000 978,464,000 991,687 988,401 968,772 
      real estate held for sale or investment
    87,853,000    86,548,000    90,207,000    95,983,000    95,615,000                                                     
      goodwill
    1,675,215,000    1,677,975,000    1,720,344,000    1,754,928,000    1,781,047,000   1,709,020,000    1,608,206,000 1,596,867,000 1,547,084,000 1,543,941,000 1,475,686,000 1,519,743,000 509,037,000 500,433,000 470,286,000 469,678,000 456,892,000 378,148,000 346,286,000 346,625,000 348,824,000 271,855,000 271,762,000 269,769,000 268,058,000 268,058,000 271,732,000 181,085,000 168,197,000 167,950,000 167,950,000 167,950,000 167,950,000 167,950,000 142,282,000 142,282,000 142,011,000 142,011,000 141,699,000 141,699,000 135,939,000 135,811,000 135,811,000 135,811,000 135,811,000 135,811,000 135,507,000 135,507,000 145,090,000 145,090 145,090 145,090 
      intangible assets
    298,497,000    302,535,000    309,345,000    314,058,000    319,110,000   314,776,000    306,173,000 306,489,000 305,885,000 307,268,000 280,572,000 294,932,000 140,007,000 144,149,000 141,127,000 142,440,000 144,098,000 117,523,000 119,460,000 120,489,000 121,344,000 92,039,000 92,590,000 92,070,000 91,360,000 91,098,000 89,433,000 89,273,000 86,581,000 79,167,000 79,353,000 79,429,000 79,607,000 79,785,000 72,463,000 72,530,000 72,597,000 72,658,000 73,243,000 73,507,000 73,199,000 73,715,000 74,252,000 75,109,000 76,587,000 77,541,000 77,642,000 76,974,000 81,325,000 83,620 84,349 85,203 
      operating right-of-use assets
    242,485,000    256,627,000    192,289,000    192,070,000    204,716,000   225,744,000                                                  
      other assets
    49,391,000    40,756,000    55,901,000                42,837,000 43,870,000 43,976,000     41,068,000 40,914,000 42,176,000  101,443,000 97,998,000  38,869,000 42,950,000  46,183,000  36,478,000  32,481,000 32,661,000 33,269,000  41,154,000 42,931,000 47,062,000  42,620,000 42,318,000 43,034,000  44,607,000 47,557,000 45,737,000  31,123,000 33,226,000 32,762,000  34,044,000 33,894 37,646  
      total assets
    5,777,885,000    5,698,437,000    5,947,754,000    6,318,028,000    6,251,056,000   5,244,232,000    4,426,077,000 4,361,734,000 4,244,922,000 4,215,922,000 4,064,984,000 4,110,718,000 2,482,018,000 2,489,621,000 2,419,505,000 2,346,152,000 2,340,868,000 2,173,849,000 2,341,974,000 2,249,874,000 2,275,422,000 2,079,669,000 2,003,749,000 1,927,614,000 1,940,348,000 1,946,236,000 1,918,790,000 1,922,809,000 1,944,839,000 1,956,065,000 1,870,130,000 1,884,480,000 1,940,651,000 1,917,597,000 1,865,185,000 1,925,954,000 2,121,426,000 2,101,815,000 1,934,921,000 1,909,123,000 1,895,118,000 1,832,616,000 1,674,985,000 1,687,643,000 1,712,735,000 1,652,680,000 1,519,804,000 1,525,921,000 1,530,285,000 1,551,809 1,540,424 1,533,957 
      liabilities and stockholders’ equity
                                                                         
      current liabilities:
                                                                         
      accounts payable and accrued liabilities
    1,056,665,000    1,000,798,000    978,021,000    942,830,000    815,472,000   499,108,000    607,857,000 543,060,000 685,736,000 703,633,000 504,533,000 467,669,000 397,488,000 331,299,000 293,056,000 420,829,000 390,270,000 289,218,000 369,208,000 369,551,000 269,519,000 246,352,000 317,504,000 227,538,000 316,592,000 221,359,000 303,794,000 255,326,000 237,583,000 339,256,000 330,272,000  220,927,000 302,118,000 327,516,000                  
      income taxes payable
    11,452,000    55,358,000    83,514,000    104,275,000    48,812,000   40,680,000    62,760,000 23,290,000 27,544,000 38,303,000 50,632,000 98,491,000 95,639,000 57,194,000 36,161,000 48,304,000 31,604,000 33,966,000 39,543,000 39,946,000 42,822,000 13,173,000 14,979,000 20,721,000 19,568,000 20,778,000 32,424,000 32,729,000 10,022,000 10,482,000 5,725,000 5,460,000 32,156,000 33,315,000 49,784,000 57,474,000 25,418,000 30,810,000 34,708,000 37,441,000 11,739,000 9,103,000 14,986,000 17,517,000 1,324,000 6,324,000 12,191,000 12,979,000     
      long-term debt due within one year
    599,509,000    57,153,000    69,160,000    63,749,000    114,117,000   63,677,000    48,516,000 48,504,000 48,493,000 48,482,000 38,455,000 38,397,000 13,354,000 10,154,000 256,953,000 1,196,000 1,022,000 1,022,000 965,000 1,003,000 994,000 518,000 806,000 990,000 1,063,000 1,045,000 1,958,000 1,869,000 1,851,000 1,870,000 1,862,000 352,000 350,000 304,000 354,000 15,355,000 74,192,000 100,710,000 76,944,000 377,000 401,000 440,000 430,000 5,915,000 4,420,000 5,673,000 6,128,000 2,004,000 2,178,000 2,222 3,299 3,159 
      total current liabilities
    1,667,626,000    1,113,309,000    1,130,695,000    1,110,854,000    978,401,000   603,465,000    719,133,000 614,854,000 761,773,000 790,418,000 593,620,000 604,557,000 506,481,000 398,647,000 586,170,000 470,329,000 422,896,000 324,206,000 409,716,000 410,500,000 313,335,000 260,043,000 333,289,000 249,249,000 337,223,000 243,182,000 338,176,000 289,924,000 249,456,000 351,608,000 337,859,000 251,348,000 253,433,000 335,737,000  367,011,000 414,983,000 544,392,000 472,004,000 319,597,000 250,121,000 315,233,000 283,906,000 254,194,000 212,215,000 307,089,000 265,120,000 224,352,000   231,244 202,027 
      long-term debt
    2,594,765,000    2,721,597,000    2,750,675,000 2,670,300,748,222,745,300,000   2,670,300,000    2,736,175,000   2,387,122,000    1,527,744,000 1,310,870,000 1,345,262,000 1,486,968,000 1,234,277,000 1,234,024,000 686,909,000 806,676,000 379,796,000 634,739,000 819,238,000 625,600,000 798,319,000 797,062,000 795,928,000 489,240,000 489,497,000 489,775,000 490,377,000 490,698,000 513,007,000 524,842,000 489,822,000 489,865,000 489,919,000 491,608,000 491,668,000 491,777,000 491,778,000 541,350,000 575,275,000 554,411,000 534,527,000 593,733,000 575,162,000 551,866,000 542,990,000 525,313,000 516,871,000 517,638,000 524,174,000 519,706,000 520,349,000 546,421 648,512 622,644 
      operating lease liabilities
    215,085,000    233,465,000    168,326,000    174,567,000    190,561,000   217,542,000                                                  
      other long-term liabilities
    294,464,000    311,768,000    286,261,000    246,359,000    264,034,000   270,245,000    283,601,000 268,350,000 274,998,000 273,566,000 291,506,000 301,736,000 270,168,000 255,916,000 235,932,000 229,313,000 255,186,000 260,681,000 240,226,000 240,725,000 242,906,000 226,145,000 230,157,000 232,869,000 236,275,000 235,429,000 239,068,000 197,160,000 196,693,000 197,759,000 199,288,000 233,169,000 221,462,000 221,814,000 223,381,000 183,643,000 172,380,000 167,020,000 168,131,000 181,830,000 166,382,000 185,849,000 165,746,000 158,490,000 149,881,000 132,933,000 133,140,000 140,421,000 102,016,000 102,381 101,733 97,616 
      deferred income taxes
    252,041,000    279,815,000    276,137,000 268,464,000 268,464,000 268,464,000 268,464,000    252,817,000   234,191,000    168,759,000 274,306,000 179,794,000 115,169,000 133,918,000 171,442,000  27,962,000 240,133,000 148,309,000 84,862,000 29,249,000 79,656,000 43,035,000 25,190,000 201,511,000 140,704,000 24,458,000 99,118,000 29,167,000 66,204,000 21,406,000 152,089,000 113,808,000 87,993,000 21,297,000 131,970,000 93,469,000 57,063,000 15,142,000 129,487,000 86,303,000 54,354,000 15,056,000 130,212,000 83,967,000 46,959,000 11,938,000 118,846,000 77,037,000 49,741,000 11,405,000 116,638,000 79,914 59,989 12,077 
      total liabilities
    5,023,981,000    4,659,954,000    4,612,094,000    4,470,544,000    4,421,988,000   3,712,565,000    2,699,237,000 2,468,380,000 2,561,827,000 2,666,121,000 2,253,321,000 2,311,759,000 1,593,552,000                                        
      commitments and contingencies
                                                                         
      stockholders’ equity:
                                                                         
      preferred stock, 0.01 par value, 25,000 shares authorized, no shares issued and outstanding
                                                                         
      common stock
    469,000    469,000    468,000    467,000    466,000   464,000    461,000 461,000 461,000 461,000 460,000 454,000 416,000 415,000 413,000 413,000 413,000 412,000 411,000 411,000 409,000 409,000 409,000 405,000 405,000 403,000 402,000 401,000 402,000 401,000 401,000 400,000 400,000 400,000 400,000 399,000 399,000 399,000  397,000 396,000 395,000  390,000 389,000   366,000    292 
      additional paid-in capital
    1,171,536,000    1,145,610,000    1,124,433,000 1,184,577,000 1,184,577,000 1,184,577,000 1,184,577,000    1,196,993,000   1,131,624,000    1,130,083,000 1,140,099,000 1,135,709,000 1,130,855,000 1,137,467,000 1,222,510,000 635,986,000 623,510,000 623,274,000 620,083,000 615,680,000 612,322,000 604,090,000 600,215,000 598,675,000 596,167,000 593,424,000 586,691,000 578,403,000 575,689,000 566,209,000 563,816,000 561,089,000 561,103,000 558,202,000 555,728,000 552,748,000 549,729,000 547,043,000 545,773,000 543,318,000 540,377,000 538,009,000 534,370,000 529,199,000 522,941,000 514,345,000 509,505,000 504,212,000 479,611,000 455,935,000 442,527,000 426,819,000 420,151 417,422 416,660 
      accumulated other comprehensive loss
    -57,889,000    -67,288,000               -56,837,000    -31,730,000      -1,550,000 -4,913,000 -623,000 -646,000 -339,000 -199,000   -67,000   -255,000                             
      retained earnings
    718,662,000    780,431,000    873,710,000 89,588,924,023,919,900,000 89,588,924,023,919,900,000 89,588,924,023,919,900,000 895,889,000    773,752,000   645,902,000    759,801,000 920,327,000 699,045,000 551,863,000 726,722,000 550,985,000 486,667,000 440,748,000 533,618,000 422,845,000 322,163,000 401,500,000 388,944,000 337,178,000 418,043,000 485,368,000 395,175,000 408,662,000 355,318,000 416,458,000 344,357,000 387,380,000 429,301,000 356,512,000 315,822,000 356,995,000 395,725,000 334,086,000 273,541,000 308,045,000 319,165,000 231,824,000 180,508,000 205,118,000 239,440,000 160,931,000 107,906,000 143,721,000 174,984,000 106,647,000 63,637,000 97,965,000 134,399,000 75,612 43,371 74,827 
      treasury stock
    -1,408,279,000    -1,135,685,000    -984,306,000    -479,417,000    -404,411,000   -404,411,000    -357,989,000 -357,989,000 -357,989,000 -322,989,000 -272,989,000 -247,189,000 -246,979,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -193,192,000 -170,696,000 -162,827,000 -162,827,000       -140,333,000                   
      total vail resorts, inc. stockholders’ equity
    424,499,000    723,537,000    1,003,947,000    1,612,439,000    1,594,599,000   1,316,742,000    1,500,627,000 1,666,359,000 1,463,278,000 1,339,595,000 1,589,434,000 1,571,156,000 874,540,000 866,568,000 963,490,000 849,503,000 744,725,000 820,843,000 800,067,000 744,556,000 823,868,000 888,748,000 796,014,000 802,311,000 763,430,000 829,723,000 748,141,000 788,770,000 842,964,000 770,188,000 726,597,000                      
      noncontrolling interests
    329,405,000    314,946,000    331,713,000    235,045,000    234,469,000   214,925,000    226,213,000 226,995,000 219,817,000 210,206,000 222,229,000 227,803,000 13,926,000 14,018,000 13,984,000 13,959,000 13,961,000 13,957,000 13,990,000 13,996,000 14,001,000 13,982,000 14,088,000 14,017,000 13,925,000 13,996,000 14,194,000 13,617,000 13,815,000 11,519,000 11,627,000                      
      total stockholders’ equity
    753,904,000    1,038,483,000    1,335,660,000    1,847,484,000    1,829,068,000   1,531,667,000    1,726,840,000 1,893,354,000 1,683,095,000 1,549,801,000 1,811,663,000 1,798,959,000 888,466,000 880,586,000 977,474,000 863,462,000 758,686,000 834,800,000 814,057,000 758,552,000 837,869,000 902,730,000 810,102,000 816,328,000 777,355,000 843,719,000 762,335,000 802,387,000 856,779,000 781,707,000 738,224,000 765,295,000 808,540,000 743,882,000  728,756,000 796,168,000 720,884,000  714,039,000 743,189,000 658,421,000  642,777,000 679,585,000        
      total liabilities and stockholders’ equity
    5,777,885,000    5,698,437,000    5,947,754,000    6,318,028,000    6,251,056,000   5,244,232,000    4,426,077,000 4,361,734,000 4,244,922,000 4,215,922,000 4,064,984,000 4,110,718,000 2,482,018,000 2,489,621,000 2,419,505,000 2,346,152,000 2,340,868,000 2,173,849,000 2,341,974,000 2,249,874,000 2,275,422,000 2,079,669,000 2,003,749,000 1,927,614,000 1,940,348,000 1,946,236,000 1,918,790,000 1,922,809,000 1,944,839,000 1,956,065,000 1,870,130,000 1,884,480,000 1,940,651,000 1,917,597,000  1,925,954,000 2,121,426,000 2,101,815,000  1,909,123,000 1,895,118,000 1,832,616,000  1,687,643,000 1,712,735,000     1,551,809   
      6.50% notes
     600,000,608,748,000 600,000,609,468,000 600,000,614,694,000                                                                  
      0.0% convertible notes
     525,000,505,806,000 525,000,499,658,000 575,000,539,937,000  575,000,522,600,000 575,000,519,294,000 575,000,501,883,000  575,000,519,536,000 575,000,547,339,000 575,000,513,101,000  493,038,546,969,000 487,824,576,466,000 482,754,630,453,000  467,758,580,762,000                                                    
      epr secured notes
     129,697,160,075,000 130,098,166,549,000 130,498,175,844,000  131,300,173,636,000 131,701,170,865,000 132,102,158,129,000  132,904,171,442,000 133,305,161,156,000 133,706,156,893,000  134,508,181,454,000 134,909,203,120,000 135,310,208,284,000  136,512,181,810,000 136,913,159,713,000                                                   
      nrp loan
     2,951,531,027,000 3,449,128,929,000 3,637,529,970,000  3,562,329,043,000 3,949,131,453,000 3,448,928,359,000                                                              
      mountain net revenue:
                                                                         
      lift
     770,259,000 644,918,000 40,423,000  745,677,000 603,459,000 45,390,000      714,708,000 521,582,000 14,329,000  430,775,000 33,091,000                                                   
      ski school
     160,243,000 133,009,000 6,839,000  161,248,000 126,629,000 7,178,000      120,897,000 92,072,000 1,473,000  56,390,000 20,448,534,000                                                   
      dining
     110,972,000 90,907,000 20,628,000  109,471,000 82,060,000 18,077,000      79,826,000 54,049,000 12,520,000  31,810,000 306,821,629,000                                                   
      retail/rental
     113,678,000 135,159,000 29,526,000  123,262,000 136,156,000 33,474,000      126,497,000 126,831,000 28,376,000  90,126,000 2,230,647,915,000                                                   
      other
     57,397,000 59,101,000 75,880,000  56,400,000 51,677,000 68,336,000      42,707,000 39,841,000 52,602,000  32,354,000 3,420,560,925,000                                                   
      total mountain net revenue
     1,212,549,000 1,063,094,000 173,296,000  1,196,058,000 999,981,000 172,455,000      1,084,635,000 834,375,000 109,300,000  641,455,000 94,714,000                                                   
      lodging net revenue:
                                                                         
      owned hotel rooms
     15,104,000 13,439,000 28,075,000  14,978,000 13,583,000 25,177,000      18,295,000 13,584,000 21,483,000  6,708,000 7,365,000                                                   
      managed condominium rooms
     32,634,000 27,074,000 11,705,000  35,390,000 28,308,000 12,003,000      37,494,000 33,125,000 13,084,000  20,336,000 932,914,740,000                                                   
      transportation
     6,743,000 5,507,000   7,150,000 6,405,000       6,862,000 5,766,000   2,947,000                                                    
      golf
       7,550,000    6,376,000        5,109,000   845,410,221,000                                                   
      payroll cost reimbursements
     4,235,000 3,771,000 3,133,000  4,825,000 4,495,000 3,459,000      4,679,000 1,861,000 1,741,000  2,018,000 12,033,191,000                                                   
      total lodging net revenue
     82,894,000 73,960,000 86,916,000  87,055,000 77,817,000 81,821,000      91,901,000 71,980,000 65,961,000  42,874,000 36,818,000                                                   
      total resort net revenue
     1,295,443,000 1,137,054,000 260,212,000  1,283,113,000 1,077,798,000 254,276,000      1,176,536,000 906,355,000 175,261,000  684,329,000 131,532,000                                                   
      total real estate net revenue
     115,000 171,000 63,000  169,000 160,000 4,289,000      129,000 180,000 315,000  315,000 2,544,180,000                                                   
      total net revenue
     1,295,558,000 1,137,225,000 260,275,000  1,283,282,000 1,077,958,000 258,565,000      1,176,665,000 906,535,000 175,576,000  684,644,000 131,786,000                                                   
      6.25% notes
         600,000,600,678,000 600,000,600,954,000 600,000,596,022,000  600,000,605,520,000 600,000,604,062,000 600,000,598,302,000  600,000,616,212,000 600,000,623,124,000 600,000,633,516,000  600,000,639,984,000 600,000,633,750,000                                                   
      exchangeable shares, 0.01 par value, 0 and 3 shares issued and outstanding, respectively
                                                                         
      accumulated other comprehensive income
            -10,358,000    10,923,000    27,799,000        -36,540,000 -13,949,000 -20,596,000 -2,227,000 44,395,000       -186,000 -56,000  -4,000 198,000                              
      balance sheet
                                                                         
      liabilities
                                                                         
      stockholders’ equity
                                                                         
      long term debt
              2,670,300,748,222,745,300,000 2,670,300,748,222,745,300,000                                                          
      accounts receivable
                383,425,000    345,408,000   106,664,000    270,896,000    230,829,000 186,913,000                                         
      inventories, net of reserves of 2,687 and 2,601, respectively
                108,723,000                                                         
      deferred charges and other assets
                51,405,000    37,106,000   40,081,000    40,237,000    43,386,000 45,414,000 35,207,000 40,796,000    97,284,000   97,267,000   41,659,000  41,036,000  25,155,000    31,976,000    38,054,000    30,129,000    29,615,000    23,172,000    31,311 
      exchangeable shares, 0.01 par value, 3 and 34 shares issued and outstanding, respectively
                                                                         
      inventories, net of reserves of 2,601 and 4,447, respectively
                    80,316,000                                                     
      exchangeable shares, 0.01 par value, 34 and 36 shares issued and outstanding, respectively
                                                                         
      eb-5 development notes
                     4,912,750,277,000 4,848,048,660,000                                                   
      inventories, net of reserves of 4,447 and 2,031, respectively
                       101,856,000                                                  
      real estate held for sale and investment
                       96,844,000    101,021,000 101,251,000 101,730,000 101,743,000 99,385,000 103,405,000 111,088,000 129,825,000 137,740,000 151,103,000 170,182,000 157,858,000 184,101,000 188,205,000 195,230,000 201,861,000 216,815,000 237,668,000 263,130,000 273,663,000 296,981,000 422,164,000 445,885,000 414,501,000 366,748,000 311,485,000 276,952,000 247,329,000 256,323,000 249,305,000 394,008,000 381,379,000 415,411,000 357,586,000 305,085,000 293,219,000 301,781,000 259,384,000 240,615,000 221,048,000 194,697,000 154,874,000 140,009,000 135,297 132,726 134,548 
      exchangeable shares, 0.01 par value, 36 and 56 shares issued and outstanding, respectively
                                                                         
      pro forma net revenue
                        1,893,154,000                                                 
      pro forma net income attributable to vail resorts, inc.
                        253,170,000                                                 
      pro forma basic net income per share attributable to vail resorts, inc.
                        6,280                                                 
      pro forma diluted net income per share attributable to vail resorts, inc.
                        6,190                                                 
      finance leases:
                                                                         
      amortization of the finance rou assets
                         2,438,000 2,438,000                                               
      interest on lease liabilities
                         8,509,000 8,509,000                                               
      operating leases:
                                                                         
      operating lease expense
                         10,411,000 10,037,000                                               
      short-term lease expense1
                         2,459,000 2,353,000                                               
      variable lease expense
                         1,339,000 843,000                                               
      cash flow supplemental information:
                                                                         
      operating cash outflows for operating leases
                         25,435,000 11,218,000                                               
      operating cash outflows for finance leases
                         15,180,000 1,049,000                                               
      financing cash outflows for finance leases
                         5,387,000 5,387,000                                               
      weighted-average remaining lease term
                                                                         
      operating leases
                         10,700 10,900                                               
      finance leases
                         43,400 43,600                                               
      weighted-average discount rate
                                                                         
      inventories, net of reserves of 2,031 and 1,534, respectively
                           96,539,000                                              
      exchangeable shares, 0.01 par value, 56 and 58 shares issued and outstanding, respectively
                           1,000                                              
      trade receivables
                            273,108,000 87,721,000 74,240,000     105,617,000 68,454,000 36,137,000  57,673,000 37,551,000  73,733,000 53,486,000  29,627,000  35,120,000  35,039,000 45,366,000 32,821,000  47,729,000 50,495,000 44,468,000  39,054,000 44,756,000 24,954,000  35,258,000 43,728,000 27,532,000          
      inventories
                            84,059,000 103,010,000 114,984,000     62,167,000 72,905,000 88,279,000  72,503,000 89,531,000  61,201,000 70,341,000  75,789,000  64,230,000  42,669,000 51,641,000 62,779,000  45,667,000 52,189,000 67,718,000  45,084,000 51,513,000 63,701,000  42,627,000 49,825,000 56,623,000  36,830,000 43,977,000 50,571,000  31,098,000 37,364 40,549  
      exchangeable shares, 0.01 par value, 56, 58 and 58 shares issued and outstanding, respectively
                            1,000                                             
      exchangeable shares, 0.01 par value, 57, 58 and 60 shares issued and outstanding, respectively
                             1,000                                            
      exchangeable shares, 0.01 par value, 57, 58 and 61 shares issued and outstanding, respectively
                              1,000                                           
      inventories, net of reserves of 1,534 and 1,518, respectively
                               85,588,000                                          
      exchangeable shares, 0.01 par value, 58 and 69 shares issued and outstanding, respectively
                               1,000                                          
      inventories, net of reserves of 1,518 and 1,713, respectively
                                84,814,000                                         
      exchangeable shares, 0.01 par value, 69 and zero shares issued and outstanding, respectively
                                1,000                                         
      inventories, net of reserves of 1,713 and 1,915, respectively
                                 74,589,000                                        
      preferred stock, 0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding
                                                                         
      inventories, net of reserves of 1,915 and 2,136, respectively
                                  73,485,000                                       
      inventories, net of reserves of 2,136 and 1,760, respectively
                                      67,183,000                                   
      inventories, net of reserves of 1,760 and 1,864, respectively
                                         68,318,000                                
      inventories, net of reserves of 1,864 and 1,552, respectively
                                            65,873,000                             
      notes receivable
                                            4,871,000  5,021,000  6,997,000    6,994,000    8,051,000    8,639,000    10,638,000    9,463,000    13,296 
      inventories, net of reserves of 1,552 and 1,452, respectively
                                              54,007,000                           
      redeemable noncontrolling interest
                                                  21,318,000 16,847,000                      
      inventories, net of reserves of 1,452 and 1,455, respectively
                                                48,295,000                         
      liabilities and stockholders' equity
                                                                         
      inventories, net of reserves of 1,455 and 1,211, respectively
                                                    48,947,000                     
      accounts payable and accrued expenses
                                                    245,536,000    294,182,000 315,373,000 412,872,000 360,352,000 281,779,000 237,981,000 305,690,000 268,490,000 230,762,000 206,471,000 295,092,000 246,801,000 209,369,000 188,349,000 289,153 227,945 198,868 
      minority interest in net assets of consolidated subsidiaries
                                                    30,826,000 33,578,000 30,918,000 27,198,000 29,915,000 33,133,000 28,805,000 24,533,000 27,711,000 30,052,000 36,035,000 29,835,000 32,560,000 35,224,000 31,345,000 26,659,000 29,670,000 39,142,000 36,100 35,063 37,105 
      stockholders' equity:
                                                                         
      total stockholders' equity
                                                       688,111,000             540,529,000   460,562 491,163 
      inventories, net of reserves of 1,211 and 826, respectively
                                                        49,708,000                 
      preferred stock, 0.01 par value, 25,000,000 shares authorized, zero shares issued and outstanding
                                                                         
      put option liabilities
                                                              1,245,000 1,245,000 1,245,000 113,000  1,026,000 34,000 451,000  3,321  
      inventories, net of reserves of 826 and 755, respectively
                                                            48,064,000             
      assets held for sale
                                                                   26,857,000 26,735,000     
      inventories, net of reserves of 755 and 719, respectively
                                                                42,278,000         
      deferred compensation
                                                                    -329,000 -415,000 -500 -585 -677 
      receivables
                                                                 35,618,000 39,712,000 25,458,000  33,493,000 51,917 29,913  
      preferred stock, 0.01 par value, 25,000,000 shares authorized, zero
                                                                         
      shares issued and outstanding
                                                                         
      80,000,000 shares authorized respectively, 37,965,853 (unaudited),
                                                                         
      36,596,193 and 35,560,911 (unaudited) shares issued and outstanding
                                                                         
      respectively
                                                                  380,000       
      common stock:
                                                                         
      income taxes receivable
                                                                        5,042 
      inventories, net of reserves of 719 and 738, respectively
                                                                    36,078,000     
      total liabilities and stockholders' equity
                                                                    1,525,921,000 1,530,285,000  1,540,424 1,533,957 
      inventories, net of reserves of 738 and 1,277, respectively
                                                                        31,151 
      put options
                                                                        3,657 
      stockholders' equity
                                                                         
      class a common stock
                                                                        61 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.