Vail Resorts, Inc. (MTN)
NYSE: MTN · Real-Time Price · USD
151.01
-1.95 (-1.27%)
At close: Oct 16, 2026, 4:00 PM EDT
151.50
+0.49 (0.32%)
After-hours: Oct 16, 2026, 5:03 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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 |
Net Income | 147.54 | 280 | 231.11 | 265.83 | 347.92 |
Depreciation & Amortization | 305.61 | 296.44 | 279.07 | 269.18 | 252.39 |
Loss (Gain) From Sale of Assets | 6.82 | -6.93 | 9.63 | 9.07 | -43.99 |
Stock-Based Compensation | 28.16 | 33.96 | 26.8 | 25.41 | 24.89 |
Other Operating Activities | 28.52 | -22.62 | 67.79 | 86.11 | 34.81 |
Change in Accounts Receivable | 30.64 | -6.71 | 12.89 | 4.25 | -39.01 |
Change in Inventory | -16.92 | 1.2 | 13.19 | -23.42 | -28.05 |
Change in Accounts Payable | 15.8 | 18.4 | 9.37 | -7.51 | 41.08 |
Change in Unearned Revenue | -39.56 | 26.44 | 2.65 | 60.27 | 48.97 |
Change in Income Taxes | -12 | -36.28 | -43.44 | -32.27 | 81.31 |
Change in Other Net Operating Assets | -14.98 | -29.03 | -20.03 | -19.05 | -9.82 |
Operating Cash Flow | 479.63 | 554.87 | 589.02 | 637.86 | 710.5 |
Operating Cash Flow Growth | -13.56% | -5.80% | -7.66% | -10.22% | 35.27% |
Investing Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 |
Capital Expenditures | -231.63 | -235.19 | -211.2 | -314.91 | -192.82 |
Sale of Property, Plant & Equipment | 2.48 | 12.37 | 0.34 | 5.67 | 66.26 |
Cash Acquisitions | - | - | -94.36 | -38.57 | -116.34 |
Investment in Securities | -37.11 | - | 57.65 | -48.78 | - |
Other Investing Activities | 0.29 | 18.32 | 6.5 | 123.42 | -105.03 |
Investing Cash Flow | -265.96 | -204.5 | -241.07 | -273.17 | -347.92 |
Financing Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 |
Long-Term Debt Issued | 669.06 | 850 | 600 | - | - |
Long-Term Debt Repaid | -681.48 | -447.22 | -655.86 | -73.89 | -146.63 |
Net Debt Issued (Repaid) | -12.42 | 402.78 | -55.86 | -73.89 | -146.63 |
Repurchase of Common Stock | -49.2 | -278.04 | -155.63 | -505.49 | -112.31 |
Common Dividends Paid | -317.13 | -328.17 | -323.68 | -314.35 | -225.79 |
Other Financing Activities | -42.29 | -39.22 | -41.87 | -20.28 | -8.41 |
Financing Cash Flow | -421.04 | -242.65 | -577.04 | -914 | -493.14 |
Net Cash Flow
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 |
Foreign Exchange Rate Adjustments | -2.02 | 11.63 | -6.95 | -3.7 | -1.91 |
Net Cash Flow | -209.4 | 119.36 | -236.03 | -553.01 | -132.47 |
Free Cash Flow
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 |
Free Cash Flow | 248 | 319.68 | 377.83 | 322.94 | 517.68 |
Free Cash Flow Growth | -22.42% | -15.39% | 16.99% | -37.62% | 26.22% |
Free Cash Flow Margin | 8.74% | 10.78% | 13.10% | 11.18% | 20.50% |
Free Cash Flow Per Share | 6.93 | 8.59 | 9.95 | 8.12 | 12.72 |
Levered Free Cash Flow | 190.19 | 316.69 | 385.39 | 284.79 | 354.85 |
Unlevered Free Cash Flow | 318.7 | 423.96 | 488.26 | 381.94 | 447.46 |
Additional Metrics
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Jul '25 Jul 31, 2025 | Jul '24 Jul 31, 2024 | Jul '23 Jul 31, 2023 | Jul '22 Jul 31, 2022 |
Cash Interest Paid | 186.31 | 156.37 | 146.56 | 140.6 | 114.07 |
Cash Income Tax Paid | 69.94 | 161.66 | 129.35 | 94.34 | 19.69 |
Change in Working Capital | -37.02 | -25.99 | -25.38 | -17.73 | 94.48 |