Vail Resorts, Inc. (MTN)
NYSE: MTN · Real-Time Price · USD
134.96
-1.10 (-0.81%)
At close: Sep 4, 2026, 4:00 PM EDT
136.86
+1.90 (1.41%)
After-hours: Sep 4, 2026, 7:54 PM EDT
Vail Resorts Cash Flow Statement
Financials in millions USD. Fiscal year is August - July.
Millions USD. Fiscal year is Aug - Jul.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 | Jul '21 Jul 31, 2021 |
Net Income | 156.83 | 280 | 231.11 | 265.83 | 347.92 | 127.85 |
Depreciation & Amortization | 299.16 | 296.44 | 279.07 | 269.18 | 252.39 | 252.59 |
Loss (Gain) From Sale of Assets | -6.93 | -6.93 | 9.63 | 9.07 | -43.99 | 5.37 |
Stock-Based Compensation | 33.42 | 33.96 | 26.8 | 25.41 | 24.89 | 24.4 |
Other Operating Activities | -17.91 | -22.62 | 67.79 | 86.11 | 34.81 | -12.36 |
Change in Accounts Receivable | -16.21 | -6.71 | 12.89 | 4.25 | -39.01 | -237.19 |
Change in Inventory | -12.96 | 1.2 | 13.19 | -23.42 | -28.05 | 22.78 |
Change in Accounts Payable | -21.45 | 18.4 | 9.37 | -7.51 | 41.08 | 118.98 |
Change in Unearned Revenue | -8.96 | 26.44 | 2.65 | 60.27 | 48.97 | 199.41 |
Change in Income Taxes | 30.17 | -36.28 | -43.44 | -32.27 | 81.31 | 11.85 |
Change in Other Net Operating Assets | -22.22 | -29.03 | -20.03 | -19.05 | -9.82 | 11.57 |
Operating Cash Flow | 412.94 | 554.87 | 589.02 | 637.86 | 710.5 | 525.25 |
Operating Cash Flow Growth | -34.72% | -5.80% | -7.66% | -10.22% | 35.27% | 32.99% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 | Jul '21 Jul 31, 2021 |
Capital Expenditures | -237.58 | -235.19 | -211.2 | -314.91 | -192.82 | -115.1 |
Sale of Property, Plant & Equipment | 12.37 | 12.37 | 0.34 | 5.67 | 66.26 | 9.71 |
Cash Acquisitions | - | - | -94.36 | -38.57 | -116.34 | - |
Investment in Securities | - | - | 57.65 | -48.78 | - | - |
Other Investing Activities | -2.75 | 18.32 | 6.5 | 123.42 | -105.03 | 2.06 |
Investing Cash Flow | -227.96 | -204.5 | -241.07 | -273.17 | -347.92 | -103.33 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 | Jul '21 Jul 31, 2021 |
Long-Term Debt Issued | - | 850 | 600 | - | - | 602.78 |
Long-Term Debt Repaid | - | -447.22 | -655.86 | -73.89 | -146.63 | -108.16 |
Net Debt Issued (Repaid) | 311.21 | 402.78 | -55.86 | -73.89 | -146.63 | 494.62 |
Repurchase of Common Stock | -251.14 | -278.04 | -155.63 | -505.49 | -112.31 | -39.09 |
Common Dividends Paid | -317.73 | -328.17 | -323.68 | -314.35 | -225.79 | - |
Other Financing Activities | -36.52 | -39.22 | -41.87 | -20.28 | -8.41 | -20.87 |
Financing Cash Flow | -294.18 | -242.65 | -577.04 | -914 | -493.14 | 434.66 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 | Jul '21 Jul 31, 2021 |
Foreign Exchange Rate Adjustments | 15.71 | 11.63 | -6.95 | -3.7 | -1.91 | -0.1 |
Net Cash Flow | -93.49 | 119.36 | -236.03 | -553.01 | -132.47 | 856.49 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 | Jul '21 Jul 31, 2021 |
Free Cash Flow | 175.36 | 319.68 | 377.83 | 322.94 | 517.68 | 410.15 |
Free Cash Flow Growth | -55.86% | -15.39% | 16.99% | -37.62% | 26.22% | 84.24% |
Free Cash Flow Margin | 6.19% | 10.78% | 13.10% | 11.18% | 20.50% | 21.48% |
Free Cash Flow Per Share | 4.87 | 8.59 | 9.95 | 8.12 | 12.72 | 10.05 |
Levered Free Cash Flow | 134.86 | 316.69 | 385.39 | 284.79 | 354.85 | 341.47 |
Unlevered Free Cash Flow | 257.57 | 423.96 | 488.26 | 381.94 | 447.46 | 436.09 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 | Jul '21 Jul 31, 2021 |
Cash Interest Paid | 156.37 | 156.37 | 146.56 | 140.6 | 114.07 | 125.67 |
Cash Income Tax Paid | 161.66 | 161.66 | 129.35 | 94.34 | 19.69 | 5.01 |
Change in Working Capital | -51.63 | -25.99 | -25.38 | -17.73 | 94.48 | 127.41 |