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 2021-04-30 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 2018-04-30 2018-01-31 2017-10-31 2017-07-31 2017-04-30 2017-01-31 2016-10-31 2016-07-31 2016-04-30 2016-01-31 2015-10-31 2015-07-31 2015-04-30 2015-01-31 2014-10-31 2014-01-31 2013-10-31 2013-07-31 2011-10-31 2011-07-31 2011-04-30 2011-01-31 2010-10-31 2010-07-31 2010-04-30 2010-01-31 2009-10-31 2009-07-31 2009-04-30 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 
      
    		                                                                          
      cash flows from operating activities:
    		                                                                          
      net income
    		-192,907,000 414,328,000 258,099,000 -181,544,000 -181,862,000 381,383,000 229,805,000 -183,047,000 -134,622,000 343,166,000 220,119,000 -143,560,000 -109,655,000 386,583,000 233,930,000 -142,521,000 -144,942,000 277,290,000 149,130,000 -157,021,000 -157,965,000 159,831,000 217,018,000 -109,829,000 -92,301,000 308,530,000 217,990,000 -110,726,000 -87,791,000 272,275,000 248,673,000 -31,927,000 -61,248,000 196,856,000 159,728,000 -63,618,000 -65,284,000 157,537,000 116,871,000 -59,670,000 -70,168,000 133,402,000 115,700,000 -64,324,000 59,200,000 -73,437,000 -59,904,000 -55,734,000 -53,915,000 76,840,000 54,557,000 -43,060,000 -42,184,000 76,391,000 45,079,000 -43,511,000 -38,730,000 61,639,000 -11,120,000 87,341,000               
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                          
      depreciation and amortization
    		77,079,000 74,618,000 73,107,000 71,633,000 71,880,000 68,486,000 69,399,000 66,728,000 68,801,000 69,097,000 65,989,000 64,614,000 63,177,000 65,655,000 62,070,000 61,489,000 63,223,000 64,071,000 62,663,000 62,628,000 63,185,000 64,730,000 63,812,000 57,845,000 56,576,000 55,260,000 55,238,000 51,043,000 50,330,000 54,104,000 51,404,000 48,624,000 48,921,000 50,029,000 49,626,000 40,581,000 40,775,000 41,472,000 40,541,000 38,700,000 37,536,000 38,242,000 37,376,000 35,969,000 36,204,000 34,156,000 33,861,000 28,930,000 29,012,000 30,937,000 30,276,000 27,732,000 27,870,000 27,812,000 27,772,000 27,184,000 27,115,000 27,582,000 23,940,000 25,471,000 23,622,000 20,761,000             
      stock-based compensation expense
    		12,778,000 6,967,000 7,526,000 6,691,000 6,552,000 6,119,000 7,336,000 6,796,000 6,347,000 5,873,000 6,844,000 6,345,000 5,952,000 6,029,000 6,479,000 6,425,000 5,878,000 6,184,000 6,579,000 5,754,000 4,894,000 5,338,000 5,538,000 5,251,000 5,070,000 4,886,000 5,147,000 4,753,000 4,984,000 4,644,000 4,891,000 4,521,000 4,727,000 4,437,000 4,574,000 4,577,000 4,360,000 4,275,000 4,300,000 4,090,000 4,035,000 3,492,000 4,025,000 4,201,000 3,562,000 3,492,000 2,805,000 4,032,000 3,155,000 2,901,000 3,147,000 3,290,000 2,864,000 2,611,000 2,904,000 3,464,000 2,947,000 2,552,000                 
      deferred income taxes
    		        -119,683,000 123,801,000 77,953,000 -58,006,000 -136,839,000 118,235,000 65,817,000 -56,603,000 -85,199,000 77,842,000 27,420,000 -36,199,000 -32,592,000 26,459,000 67,547,000 -43,979,000 -103,384,000 93,524,000 64,102,000 -31,823,000 -82,328,000 73,286,000 4,872,000 -41,600,000 -115,496,000 100,635,000 84,807,000 -33,509,000 -124,115,000 95,804,000 72,511,000 -36,574,000 -101,827,000 90,474,000 62,098,000 -37,777,000 35,340,000 -44,067,000 -67,454,000 -36,386,000 -21,946,000 48,045,000 34,209,000 -28,114,000 -42,824,000 39,238,000 24,713,000 -25,554,000 -22,782,000 37,345,000 -51,955,000 42,375,000               
      (gain) loss on disposal of fixed assets and other
    		                                                                          
      change in estimated fair value of contingent consideration
    		5,300,000    5,000,000    2,200,000 45,900,000   -1,300,000 2,800,000                                                             
      other non-cash income
    		7,909,000 -23,539,000 -2,234,000 -11,150,000 -4,228,000 -15,296,000   16,000 -5,569,000 -7,749,000 8,615,000 12,878,000 -8,766,000 2,223,000 -2,825,000 11,964,000 476,000 3,341,000 -3,237,000 -5,142,000 -10,555,000 -180,000 -797,000 -7,390,000 -6,140,000   -6,209,000 -3,608,000 -8,852,000 4,885,000 -11,322,000 3,937,000 -1,799,000 -5,879,000 -5,197,000 -713,000 -272,000 -1,862,000 -3,921,000 -432,000 -963,000 -1,614,000 110,000 -1,611,000 -1,411,000 -2,404,000 -2,415,000 -2,044,000 -1,409,000 -2,703,000 -1,826,000 -2,698,000 -924,000 -2,085,000 -1,014,000 -288,000 -1,355,000 -2,449,000               
      changes in assets and liabilities, net of effects of acquisitions:
    		                                                                          
      trade receivables
    		-46,441,000 -211,239,000 -12,144,000 263,116,000 -24,017,000 -198,279,000 -37,130,000 272,313,000 -28,417,000 -194,131,000 -37,489,000 264,285,000  -101,026,000 -58,496,000 236,748,000  -90,713,000 93,373,000 -102,387,000  5,318,000 -17,404,000 184,821,000  -182,451,000 -12,454,000 157,759,000  -136,787,000 2,049,000 101,642,000  -94,929,000 -21,877,000 90,431,000  -55,669,000 -34,478,000 62,174,000  -36,503,000 -32,274,000 61,016,000 -21,422,000 43,818,000  29,991,000  8,003,000 -20,093,000 22,318,000  10,333,000                     
      inventories
    		-2,616,000 18,674,000 19,262,000 -34,117,000 -10,417,000 26,315,000 24,081,000 -26,789,000 -28,268,000 17,812,000 18,962,000 -31,924,000 -16,165,000 11,744,000 -522,000 -23,105,000 -7,899,000 14,529,000 15,406,000 745,000 1,236,000 11,077,000 13,730,000 -27,967,000 -12,444,000 19,568,000 11,613,000 -26,011,000 -6,572,000 17,150,000 11,667,000 -23,208,000 -5,562,000 15,387,000 20,751,000 -22,490,000 -5,700,000 10,120,000 16,349,000 -21,612,000 -6,684,000 10,738,000 15,375,000 -20,733,000 17,028,000 -21,032,000 -6,049,000 -21,782,000 -7,634,000 9,349,000 9,644,000 -14,117,000 -5,626,000 8,972,000 11,138,000 -13,832,000 -3,280,000 6,522,000 -4,623,000 6,429,000               
      accounts payable and accrued liabilities
    		-36,231,000 -49,424,000 116,914,000 -12,863,000 7,906,000 -89,115,000 91,351,000 -773,000 -5,326,000 -98,430,000 93,739,000 2,508,000 -4,968,000 -43,456,000 77,338,000 12,164,000 32,701,000 -25,203,000 67,843,000 43,638,000 2,952,000 -156,219,000 97,378,000 -26,505,000 22,283,000 -96,070,000 111,682,000 -14,599,000 37,398,000 -108,667,000 80,691,000 -7,543,000 52,822,000 -142,269,000 589,000 74,681,000 47,008,000 -116,419,000 27,973,000 83,805,000 4,701,000 -129,858,000 48,499,000 81,156,000 5,672,000 95,052,000 7,543,000 87,453,000 40,273,000 -133,480,000 19,205,000 50,779,000 23,385,000 -97,170,000 8,829,000 52,409,000  -79,440,000                 
      deferred revenue
    		133,389,000 -223,765,000 -207,845,000 324,657,000 124,259,000 -230,305,000 -200,257,000 308,950,000 122,285,000 -167,013,000 -174,225,000 279,221,000 186,328,000 -284,969,000 -138,755,000 286,369,000 221,844,000 -243,280,000 -82,462,000 303,308,000 34,363,000 -205,197,000 -121,766,000 194,597,000 38,374,000 -50,807,000 -119,666,000 167,727,000 30,993,000 -41,226,000 -115,512,000 167,752,000                                           
      income taxes payable
    		74,623,000 -38,105,000 -30,840,000 -41,959,000 52,977,000 -28,652,000 -50,067,000 -17,052,000 31,281,000 -32,385,000                       74,204,000 -5,425,000 -26,298,000 -24,405,000                                       
      other assets and liabilities
    		-17,434,000 14,113,000 18,081,000 -43,791,000 -12,412,000 16,960,000 17,105,000 -41,684,000 -11,004,000 13,269,000 17,329,000 -38,647,000 -7,813,000 9,068,000 12,595,000 -23,672,000 -3,342,000 12,436,000 6,077,000 -3,598,000 7,609,000 -1,839,000 11,202,000 -12,158,000 2,231,000 9,050,000 7,781,000 -10,319,000 -6,495,000 8,294,000 9,782,000 -10,332,000 6,440,000 356,000 5,910,000 -7,289,000 18,300,000 8,304,000 -10,846,000 -8,870,000 -6,697,000 298,000 -5,735,000 -9,480,000 6,351,000 -13,329,000 9,520,000 -3,474,000 4,782,000 -6,631,000 -4,081,000 -1,877,000 612,000 6,102,000 2,620,000 -442,000 23,967,000 4,864,000 -8,474,000 14,092,000               
      net cash from operating activities
    		-171,560,000 117,749,000 326,257,000 282,424,000 -94,240,000 109,853,000 242,662,000 328,499,000 -87,320,000 121,390,000 272,502,000 332,991,000 -62,485,000 161,655,000 262,308,000 349,021,000 -25,887,000 92,068,000 347,076,000 111,993,000 -72,029,000 -70,710,000 328,350,000 209,339,000 -31,365,000 159,415,000 329,100,000 177,081,000 -31,687,000 162,407,000 272,152,000 148,753,000 -21,399,000 161,395,000 271,415,000 45,503,000 -28,665,000 145,959,000 234,897,000 74,571,000 -90,816,000 120,291,000 249,706,000 24,479,000 145,328,000 29,293,000 -68,922,000 38,335,000 -24,058,000 47,640,000 125,532,000 118,173,000 -20,761,000 42,580,000 59,082,000 -44,951,000 -73,735,000 41,347,000 69,918,000 61,985,000   -166,983,000 88,539,000 194,647,000 2,239,000 15,686,000 77,292,000   41,665,000    
      cash flows from investing activities:
    		                                                                          
      capital expenditures
    		-55,941,000 -33,221,000 -75,012,000 -71,017,000 -56,086,000 -24,820,000 -76,912,000 -53,379,000 -53,653,000 -54,705,000 -82,455,000 -124,099,000 -30,975,000 -32,988,000 -78,724,000 -50,130,000 -29,502,000 -18,257,000 -37,170,000 -30,168,000 -26,562,000 -23,984,000 -69,167,000 -52,621,000 -45,139,000 -33,365,000 -65,650,000 -47,881,000 -34,297,000 -18,947,000 -49,918,000 -37,449,000 -32,596,000 -18,400,000 -47,393,000 -46,043,000 -20,930,000 -11,070,000 -52,160,000 -25,077,000 -38,301,000 -11,563,000 -46,264,000 -27,756,000 -47,020,000 -46,751,000 -29,485,000 -51,003,000 -22,071,000 -11,682,000 -24,986,000 -36,901,000 -20,156,000 -12,556,000 -15,492,000 -20,753,000 -19,402,000 -9,529,000 -38,290,000 -21,425,000   -37,220,000 -19,954,000   -25,218,000    -11,960,000 -19,452,000 -19,337,000 -29,226,000 
      free cash flows
    		-227,501,000 84,528,000 251,245,000 211,407,000 -150,326,000 85,033,000 165,750,000 275,120,000 -140,973,000 66,685,000 190,047,000 208,892,000 -93,460,000 128,667,000 183,584,000 298,891,000 -55,389,000 73,811,000 309,906,000 81,825,000 -98,591,000 -94,694,000 259,183,000 156,718,000 -76,504,000 126,050,000 263,450,000 129,200,000 -65,984,000 143,460,000 222,234,000 111,304,000 -53,995,000 142,995,000 224,022,000 -540,000 -49,595,000 134,889,000 182,737,000 49,494,000 -129,117,000 108,728,000 203,442,000 -3,277,000 98,308,000 -17,458,000 -98,407,000 -12,668,000 -46,129,000 35,958,000 100,546,000 81,272,000 -40,917,000 30,024,000 43,590,000 -65,704,000 -93,137,000 31,818,000 31,628,000 40,560,000   -204,203,000 68,585,000   -9,532,000    29,705,000    
      acquisition of businesses, net of cash acquired
    		        0 0           0 0 26,000 -327,581,000 0 -126,434,000 268,000 -292,878,000 0 0 0 -1,356,000 -40,872,000 0                                         
      deposit returned for acquisition of business
    		                                                                          
      investments in short-term deposits
    		        0 0 0 -86,756,000                                                               
      maturity of short-term deposits
    		    0 0 5,210,000 52,437,000 0                                                                  
      cash received from disposal of fixed assets
    		                                                                          
      other investing activities
    		-5,447,000 5,759,000 17,998,000 11,000 -77,000 12,000 58,000 6,507,000 -3,928,000 1,492,000 10,961,000 385,000 -13,227,000 1,193,000 11,148,000 10,273,000 1,189,000 8,971,000 714,000 894,000 301,000 3,252,000 149,000 3,448,000 1,759,000 11,469,000 1,721,000 96,000 300,000 130,000 1,290,000 5,153,000 281,000 272,000 5,733,000 538,000 -2,800,000 -3,081,000 938,000 3,023,000 -1,948,000 2,570,000 75,000 629,000 49,000 100,000 -5,285,000 -478,000 161,000 -109,000 -330,000 74,000 270,000 -7,681,000 -17,000 -217,000 391,000 62,000  -86,000 2,506,000 523,000  99,000 265,000 89,000      14,775,000 -2,904,000 2,440,000 
      net cash from investing activities
    		-49,015,000 -27,462,000 -57,014,000 -71,006,000 -150,182,000 -24,808,000 -71,644,000 5,565,000 -51,907,000 -15,235,000 -71,494,000 -134,531,000 -92,352,000 -30,033,000 -185,675,000 -39,857,000 -28,313,000 -9,286,000 -36,456,000 -29,274,000 -26,261,000 -20,732,000 -68,992,000 -376,754,000 -43,380,000 -148,330,000 -63,661,000 -340,663,000 -33,997,000 -18,817,000 -48,113,000 -33,652,000 -72,887,000 -18,128,000 -41,660,000 -550,161,000 -16,344,000 -14,151,000 -71,467,000 -22,054,000 -162,259,000 -8,993,000 -46,189,000 -209,627,000 -46,971,000 -46,651,000 -23,680,000 -51,139,000 -23,726,000 -11,791,000 -25,316,000 -97,355,000 -35,756,000 -20,237,000 -15,509,000 -12,050,000 -19,011,000 -9,467,000 -38,476,000 -21,511,000   75,370,000 -57,245,000   -65,965,000    42,612,000 -25,375,000 -23,928,000 -38,190,000 
      cash flows from financing activities:
    		                                                                          
      proceeds from borrowings under 5.625% notes
    		                                                                          
      proceeds from borrowings under 6.50% notes
    		                                                                          
      proceeds from borrowings under vail holdings credit agreement
    		                    0 400,000,000 0 492,625,000 208,000,000 0 0 335,625,000 130,000,000 0 0 95,000,000                                           
      repayments of borrowings under 6.25% notes
    		                                                                          
      repayments of borrowings under vail holdings credit agreement
    		-362,305,000 -12,305,000 -12,304,000 -12,305,000 -8,984,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -15,625,000 -415,625,000 -40,625,000 -180,625,000 -175,000,000 -11,875,000 -11,875,000 -131,875,000 -80,000,000 -9,375,000 -39,375,000 -74,375,000 -59,375,000                                           
      repayments of borrowings under whistler credit agreement
    		            -9,488,000 0 0 -23,145,000 -1,607,000 -21,670,000 -18,546,000 -3,834,000 -164,988,000 -20,181,000 -11,334,000 -7,529,000 0 -33,867,000   0 -62,801,000 -12,059,000 -17,081,000                                           
      repurchases of 0.0% convertible notes
    		0 0                                                                         
      dividends paid
    		-79,713,000 -82,481,000 -82,829,000 -83,145,000 -83,215,000 -83,792,000 -78,206,000 -78,471,000 -78,696,000 -81,607,000 -77,029,000 -77,018,000 -76,935,000 -77,513,000 -35,744,000 -35,594,000     2,000 -70,684,000 -70,959,000 -71,091,000 -71,001,000 -70,852,000 -59,167,000 -59,547,000 -59,480,000 -59,455,000 -42,623,000 -42,603,000 -42,200,000 -42,263,000 -32,382,000 -29,390,000 -29,305,000 -29,309,000 -22,567,000 -22,654,000 -22,728,000 -22,637,000 -15,080,000 -15,061,000 -7,497,000 -7,489,000 -7,457,000 -5,429,000                           
      repurchases of common stock
    		-200,000,000 -30,000,000 -20,000,000 -20,000,000 -25,000,000 -75,000,000 0 -50,000,000 -100,000,000    -37,503,000        0 -24,978,000 0 -21,444,000 0 0 -35,000,000 -50,000,000 0    0 0   0 -13,787,000 0 -40,000,000        -7,869,000         -7,495,000 0 -58,747,000 -14,998,000   0 0           
      employee taxes paid for share award exercises
    		-2,075,000 -2,000 -176,000 -5,783,000 -31,000 -305,000 -94,000 -5,195,000 -134,000 -171,000 -1,138,000 -4,043,000 131,000 -129,000 -26,785,000 -10,517,000 -29,825,000 -1,731,000 -474,000 -7,060,000 -9,407,000 -105,000 -1,124,000 -8,842,000 -15,086,000 -496,000 -293,000 -11,364,000 -30,387,000 -2,015,000 -2,195,000 -69,480,000                                           
      other financing activities
    		-11,006,000 -10,014,000 -7,135,000 -11,069,000 -24,123,000 -7,536,000 -3,644,000 -4,317,000 -6,688,000 -4,396,000 -2,957,000 -7,942,000 -1,063,000 -1,190,000 -6,305,000 147,000 772,000 55,000 -17,507,000 -4,186,000 -12,453,000 -4,521,000 -4,234,000 -10,279,000 -3,802,000 -2,544,000 -3,378,000 -6,486,000 -2,123,000 -2,349,000 -2,288,000 -6,989,000 -1,858,000 306,000 -2,845,000 3,456,000 1,286,000 835,000 1,096,000 2,829,000 7,938,000 448,000 1,681,000 2,912,000 176,000 445,000 805,000 1,000,000 3,112,000 320,000 -2,174,000 713,000 177,000 1,854,000 1,463,000 901,000 -939,000 -453,000  -11,763,000    4,230,000    5,334,000    5,494,000 703,000 620,000 
      net cash from financing activities
    		194,901,000 -134,802,000 -170,444,000 -132,302,000 -141,353,000 -182,258,000 -97,569,000 -153,608,000 -212,532,000 -501,799,000 -96,749,000 -104,628,000 -140,483,000 -131,960,000 -135,959,000 -84,734,000 -39,654,000 -38,971,000 525,971,000 -12,684,000 4,859,000 441,210,000 -268,276,000 198,440,000 125,087,000 -119,634,000 -240,906,000 135,895,000 63,228,000 -191,795,000 -133,540,000 -88,608,000 11,255,000 -87,648,000 -195,156,000 543,441,000 43,851,000 -109,890,000 -157,600,000 -47,578,000 164,001,000 -22,666,000 -196,682,000 170,598,000 -7,321,000 -7,044,000 -6,674,000 -12,601,000 -50,669,000 35,496,000 -22,543,000 -15,985,000 20,115,000 -29,204,000 1,416,000 722,000 -8,493,000 -515,000 -173,230,000 -10,774,000 42,412,000 4,257,000 5,993,000 30,279,000   1,957,000    11,235,000 -20,630,000 -102,295,000 26,482,000 
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		1,281,000 20,772,000 -12,687,000 2,264,000 5,951,000 -11,392,000 11,652,000 -13,158,000 6,219,000 -5,078,000 14,033,000 -18,876,000 -536,000 -361,000 -874,000 -142,000 -3,958,000 571,000 3,038,000 254,000 2,402,000 2,899,000 -987,000 939,000 -465,000 -2,262,000 1,754,000 -4,317,000                                               
      net increase in cash, cash equivalents and restricted cash
    		-24,393,000 -23,743,000 86,112,000 81,380,000  -108,605,000 85,101,000 167,298,000 -345,540,000 -400,722,000 118,292,000 74,956,000  -699,000 -60,200,000 224,288,000  44,382,000 839,629,000 70,289,000 -91,029,000 352,667,000 -9,905,000 31,964,000 49,877,000 -110,811,000 26,287,000 -32,004,000                                               
      cash, cash equivalents and restricted cash:
    		                                                                          
      beginning of period
    		0 0 0 337,063,000 0 0 0 573,093,000 0 0 0 1,126,107,000 0 0 0 1,258,574,000 0 0 0 402,086,000 0 0 0 118,389,000 0 0 0 185,040,000 0 0 0 117,389,000 0 0 0 67,897,000 0 0 0 35,459,000 0 0 0 44,406,000 0 138,604,000 0 70,143,000 0 0 0 14,745,000 0 0 0 69,298,000 0 0 0 0 0 230,819,000 0 0 0 191,794,000 0 0 0 136,580,000 0 0 0 46,328,000 
      end of period
    		-24,393,000 -23,743,000 86,112,000 418,443,000 -379,824,000 -108,605,000 85,101,000 740,391,000 -345,540,000 -400,722,000 118,292,000 1,201,063,000 -295,856,000 -699,000 -60,200,000 1,482,862,000 -97,812,000 44,382,000 839,629,000 472,375,000 -91,029,000 352,667,000 -9,905,000 150,353,000 49,877,000 -110,811,000 26,287,000 153,036,000 -3,452,000 -53,863,000 95,063,000 140,397,000 -78,429,000 54,909,000 34,158,000 106,751,000 -668,000 23,197,000 5,762,000 39,606,000 -89,755,000 88,636,000 6,738,000 29,840,000 91,051,000 114,225,000  44,738,000 -98,453,000 71,345,000 77,673,000 19,578,000 -36,402,000 -6,861,000 44,989,000 13,019,000 -101,239,000 31,365,000 -141,788,000 29,700,000 108,389,000 166,044,000 -85,620,000 61,573,000 137,555,000 117,311,000 -48,322,000 64,575,000 116,849,000 58,692,000 95,512,000 21,951,000 -12,501,000 31,618,000 
      cash paid for interest
    		                                                                          
      taxes paid
    		                                                          11,980,000 17,030,000 4,350,000 2,123,000             
      non-cash investing activities:
    		                                                                          
      accrued capital expenditures
    		6,061,000 2,139,000 -15,203,000 32,791,000 11,241,000 1,847,000 -26,491,000 38,275,000 3,111,000 -28,992,000 28,022,000 21,069,000 17,466,000 -4,298,000 8,806,000 8,582,000 -2,141,000 -5,578,000 -5,255,000 18,132,000 3,319,000 -255,000 -20,056,000 32,038,000 4,912,000 -9,223,000 -10,320,000 33,051,000 7,769,000 -4,228,000 -13,217,000 25,314,000 5,504,000 -1,975,000 -6,444,000 17,546,000 10,466,000 1,376,000 -20,206,000 24,631,000 2,010,000 241,000 -6,403,000 10,419,000                               
      benefit from income taxes
    		 131,042,000 86,331,000 -58,249,000  129,280,000 87,486,000 -65,160,000                                                                   
      changes in assets and liabilities:
    		                                                                          
      gain on disposal of fixed assets and other
    		                                                                          
      deposit returned (paid) for acquisition of business
    		                                                                          
      repayment of eb-5 development notes
    		            0 0                                                             
      net decrease in cash, cash equivalents and restricted cash
    		                                                                          
      return of deposit for acquisition of business
    		         0 0 114,506,000                                                               
      acquisition of business, net of cash acquired
    		           -38,567,000  1,762,000                      -512,348,000                                       
      other non-cash expense
    		       8,217,000                    80,000                                               
      proceeds from borrowings under whistler credit agreement
    		                6,631,000 0 3,123,000 18,021,000 7,330,000    18,851,000 0 0 7,667,000 34,593,000 0 0 11,920,000                                           
      proceeds from borrowings under 0.0% convertible notes
    		                0 0                                                         
      income taxes payable - other
    		           -20,460,000 106,148,000 -218,000 -5,383,000 -2,198,000 33,019,000 -619,000 -2,095,000 -359,000 13,629,000 -933,000 -8,242,000 -9,405,000 61,176,000 -4,403,000 -10,579,000 -7,421,000 52,553,000 -1,477,000 -7,020,000 -5,603,000                                           
      asset impairments
    		                    0                                                      
      accounts receivable
    		                                                       25,242,000 -10,832,000 2,641,000 -10,951,000 5,602,000 -21,994,000 15,170,000             
      income taxes payable - excess tax benefit from share award plans
    		                                                                          
      deposit for future acquisition of business
    		                                                                          
      proceeds from borrowings under 6.25% notes
    		                                                                          
      net increase in cash and cash equivalents
    		                            -3,452,000 -53,863,000 95,063,000 23,008,000 -78,429,000 54,909,000 34,158,000 38,854,000 -668,000 23,197,000 5,762,000 4,147,000 -89,755,000 88,636,000     -99,131,000 -25,405,000 -98,453,000 71,345,000 77,673,000 4,833,000     -101,239,000 31,365,000 -141,788,000 29,700,000   -85,620,000 61,573,000   -48,322,000    95,512,000 21,951,000   
      income taxes payable - excess tax benefit from share award exercises
    		             -24,000 -13,768,000 -3,250,000  -945,000 -199,000 -1,279,000  -19,000 -283,000 -2,535,000  -179,000 -129,000 -4,582,000  -1,392,000 -1,277,000 -51,804,000                                           
      cost of real estate sales
    		                            -49,000 3,271,000   5,080,000 3,814,000   5,216,000 1,064,000 2,504,000 6,940,000 9,132,000 10,438,000 5,605,000 7,015,000 3,391,000 6,713,000 1,794,000 10,288,000 8,274,000 10,609,000 15,541,000 133,843,000 40,344,000    9,563,000 6,699,000                 
      canyons obligation accreted interest expense
    		                                                                          
      change in fair value of contingent consideration
    		                        1,900,000   1,200,000 600,000    1,200,000        900,000 0 0 -4,550,000                               
      foreign currency loss on intercompany loans
    		                                                                          
      gain on sale of real property
    		                            0 0   -300,000 0 0 -6,466,000                 0 0 0 -6,087,000                   
      foreign exchange loss on intercompany loans
    		                                                                          
      foreign currency gain on intercompany loans
    		                                                                          
      cash received from the sale of real property
    		                             0    0 0 7,692,000                                       
      restricted cash
    		                            490,000 15,492,000 -6,189,000 -6,654,000 -1,351,000 8,252,000 -3,584,000 -1,111,000 -112,000 184,000 -556,000 7,450,000       -645,000 -1,177,000 564,000 2,898,000 -2,988,000 -898,000 -8,000 3,706,000 -2,096,000 -2,371,000 -936,000 4,474,000 2,125,000 -4,276,000 -13,411,000 11,874,000             
      cash received from sale of real property
    		                                                    0 0 0 8,920,000                   
      effect of exchange rate changes on cash and cash equivalents
    		                            -996,000 -5,658,000 4,564,000 -3,485,000 4,602,000 -710,000 -441,000 71,000 490,000 1,279,000 -68,000 -792,000 -681,000 4,000 -97,000 -16,000 15,000 23,000 145,000                            
      cash and cash equivalents:
    		                                                                          
      foreign exchange gain on intercompany loans
    		                                                                          
      gain on litigation settlement
    		                                        0 0 0 -16,400,000                               
      park city litigation settlement payment
    		                                        0 0 0 -10,000,000                               
      loss on extinguishment of debt
    		                                                757,000                          
      payment of tender premium
    		                                                                          
      proceeds from borrowings under vail holdings credit agreement term loan
    		                                0 0 0 509,375,000                                       
      proceeds from borrowings under vail holdings credit agreement revolver
    		                                50,000,000 0 0 110,000,000                                       
      proceeds from borrowings under whistler credit agreement revolver
    		                                14,688,000 0                                         
      repayments on tender of 6.50% notes
    		                                                                          
      repayments on tender of industrial development bonds
    		                                                                          
      repayments of borrowings under vail holdings credit agreement term loan
    		                                -9,375,000 -9,375,000                                         
      repayments of borrowings under vail holdings credit agreement revolver
    		                                0 0 -135,000,000 -50,000,000                                       
      repayments of borrowings under whistler credit agreement revolver
    		                                0 -36,316,000                                         
      taxes paid (refunded)
    		                                                                          
      capital expenditures made under long-term financing
    		                                                                          
      foreign exchange gains on intercompany loans
    		                                                                          
      non-cash investing and financing activities:
    		                                                                          
      proceeds from borrowings under credit facility term loan
    		                                                                          
      proceeds from borrowings under credit facility revolver
    		                                    75,000,000 30,000,000 35,000,000 70,000,000                                   
      payments on tender of 6.50% notes
    		                                                                          
      payments on tender of industrial development bonds
    		                                                                          
      payments on credit facility revolver
    		                                    0 -94,500,000 -168,000,000 -57,500,000                                   
      payments on credit facility term loan
    		                                    -3,125,000 -3,125,000                                     
      payments of other long-term debt
    		                                    -5,000 -4,000 -4,000 -253,000         -156,000    -20,063,000 -58,000 -56,552,000 -29,636,000 -3,943,000 -7,676,000 -6,885,000 -6,789,000   -8,113,000 -8,663,000       38,922,000    
      acquisition of businesses
    		                                     0         0                            
      capital expenditures under long-term financing
    		                                         0 -2,455,000 9,492,000                               
      acquisition of business
    		                                         0 0 -182,500,000    342,000  0 0 -60,528,000     0 0                 
      taxes (refunded) paid
    		                                                                          
      proceeds from borrowings under long-term debt
    		                                         10,000,000 30,000,000 213,000,000       89,000,000 100,000,000              42,039,000  9,853,000 7,326,000 18,887,000   32,657,000 29,560,000 
      payments of long-term debt
    		                                         -10,477,000 -213,283,000 -30,253,000    -303,000   -109,369,000 -116,698,000                       
      net decrease in cash and cash equivalents
    		                                           -14,566,000  -24,379,000         44,989,000 -56,279,000                   
      investments in real estate
    		                                            -108,000 -462,000 -483,000 -1,094,000 -729,000 -12,943,000 -1,044,000 -10,204,000 -20,617,000 -36,643,000 -49,306,000 -59,880,000 -43,713,000 -37,328,000 -48,518,000 -56,246,000   -58,120,000 -32,547,000   -41,362,000    -38,375,000 -7,962,000 -14,423,000 -11,404,000 
      proceeds from borrowings under other long-term debt
    		                                                0    55,000,000 0 56,505,000 29,457,000 3,884,000 7,614,000 6,804,000 6,692,000 37,531,000 26,614,000 8,025,000 8,575,000       59,522,000    
      cash paid for interest, net of amounts capitalized
    		                                                          13,093,000 13,572,000 -4,327,000 11,960,000             
      asset impairment charge
    		                                                0                          
      deferred real estate deposits
    		                                               -308,000 -1,629,000 -262,000 -11,432,000 -18,816,000 -12,816,000 1,104,000 0 139,000 -9,933,000 39,000 -21,177,000 -4,259,000 4,390,000 18,738,000             
      proceeds from borrowings under the 6.50% notes
    		                                                0                          
      payments of tender of 6.75% notes
    		                                                -43,937,000                          
      payment of financing costs
    		                                                -4,277,000                          
      acquisition of noncontrolling interest
    		                                                    0                      
      private club deferred initiation fees and deposits
    		                                                1,754,000    783,000 345,000 898,000 373,000 631,000 1,293,000                 
      proceeds from borrowings under non-recourse real estate financings
    		                                                        0 0 11,101,000 39,434,000 68,398,000 17,586,000 18,606,000 23,346,000           
      payments of non-recourse real estate financings
    		                                                        0 0 -103,782,000 -45,025,000   0 0           
      loss on sale of business
    		                                                                          
      minority interest in net income of consolidated subsidiaries
    		                                                                          
      accounts payable and accrued expenses
    		                                                          32,449,000 -102,340,000 26,097,000 49,740,000             
      cash received from sale of business
    		                                                                          
      purchase of minority interests
    		                                                                          
      minority interest in income of consolidated subsidiaries
    		                                                         2,753,000  4,621,000               
      real estate cost of sales
    		                                                                          
      asset impairment charges
    		                                                                          
      mold remediation credit
    		                                                                          
      gain on sale of businesses
    		                                                                          
      notes receivable
    		                                                                          
      income taxes receivable/payable
    		                                                                          
      cash received from sale of businesses
    		                                                                          
      other investing
    		                                                                          
      distributions from joint ventures to minority shareholders
    		                                                                          
      proceeds from exercise of stock options
    		                                                          223,000 609,000 299,000 863,000 1,902,000 2,791,000 4,479,000 2,324,000 2,613,000 16,401,000 16,133,000 11,502,000     
      tax benefit from share award plans
    		                                                                          
      other financing
    		                                                                          
      non-cash cost of real estate sales
    		                                                           43,487,000 35,059,000 698,000             
      non-cash stock-based compensation expense
    		                                                           2,137,000 1,811,000 2,246,000             
      proceeds from sale of business
    		                                                                          
      purchase of minority interest
    		                                                                          
      change in overdraft balances
    		                                                                          
      minority interest in loss of consolidated subsidiaries
    		                                                                          
      non-cash mold remediation credit
    		                                                                          
      deferred real estate credits
    		                                                                          
      distributions from joint ventures
    		                                                                          
      payment of credit facility term loan
    		                                                                          
      tax benefit from exercise of stock options
    		                                                                          
      proceeds from sale of businesses
    		                                                                   0       
      non-cash gain on transfer of property
    		                                                                          
      non-cash mold remediation (credit) charge
    		                                                                          
      (gain) loss on sale of businesses
    		                                                                          
      private club deferred initiation fees
    		                                                                          
      proceeds from borrowings under 6.75% notes
    		                                                                          
      payment of tender and call of 8.75% notes
    		                                                                          
      net increase in cash due to adoption of fin 46r
    		                                                                          
      taxes paid (refunds received)
    		                                                                          
      mold remediation charge
    		                                                                          
      loss on sale of businesses
    		                                                                          
      cash received from private club membership sales
    		                                                                          
      real estate deposits
    		                                                                          
      proceeds from the exercise of stock options
    		                                                                          
      taxes paid, net of refunds received
    		                                                                          
      proceeds from issuance of 6.75% notes
    		                                                                          
      payment of 8.75% notes
    		                                                                          
      net cash from operating activities:
    		                                                                        113,722,000 -3,002,000 
      proceeds from sale of equity investment
    		                                                                          
      payments on long-term debt
    		                                                                         -3,698,000 
      asset impairment
    		                                                                          
      mold remediation
    		                                                                          
      non-cash compensation related to restricted stock grants
    		                                                                          
      other non-cash compensation
    		                                                                          
      non-cash equity (income) loss
    		                                                                          
      (gain) loss on put option
    		                                                                          
      initiation fee revenue recognized
    		                                                                          
      deferred financing costs amortized
    		                                                                          
      amortization of debt discount
    		                                                                          
      loss on extinguishments of debt
    		                                                                          
      loss on disposal of fixed assets
    		                                                                          
      tax benefit from issuance of stock options
    		                                                                          
      cumulative effect of change in accounting principle
    		                                                                          
      deferred initiation fee revenue
    		                                                                          
      cash paid in ski resort acquisition, net of cash acquired
    		                                                                          
      cash paid in hotel acquisitions, net of cash acquired
    		                                                                          
      cash paid in other acquisitions, net of cash acquired
    		                                                                          
      investments in joint ventures
    		                                                                          
      advances to affiliate
    		                                                                          
    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.