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Vail Resorts, Inc. (MTN)
NYSE: MTN · Real-Time Price · USD
146.03
-0.06 (-0.04%)
Oct 9, 2026, 4:00 PM EDT - Market closed

Vail Resorts Cash Flow Statement

Millions USD. Fiscal year is Aug - Jul.

Operating Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Net Income
-190.16314.44210.01-186.75-180.86389.74244.38-173.26-174.68362219.3-175.51-128.57325.01208.68-136.97-108.69372.55223.39-139.33
Depreciation & Amortization
80.9277.2274.3573.1274.4776.0774.3571.5474.4668.4969.466.7368.869.165.9964.6163.1865.6662.0761.49
Loss (Gain) From Sale of Assets
6.82----6.93---9.63---9.07----43.99---
Stock-Based Compensation
7.527.446.966.2412.786.977.536.696.556.127.346.86.355.876.846.355.956.036.486.43
Other Operating Activities
-128.05135.6894.85-73.96-174.48132.496.74-77.28-145.61176.33101.55-64.48-123.52181.2184.46-55.98-126.23126.397.36-62.62
Change in Accounts Receivable
0.41-195.28-59.43284.95-46.44-211.24-12.14263.12-24.02-198.28-37.13272.31-28.42-194.13-37.49264.29-116.24-101.03-58.5236.75
Change in Inventory
-6.5712.5714.42-37.33-2.6218.6719.26-34.12-10.4226.3224.08-26.79-28.2717.8118.96-31.92-16.1711.74-0.52-23.11
Change in Accounts Payable
1.02-87.38122.37-20.21-36.23-49.42116.91-12.867.91-89.1291.35-0.77-5.33-98.4393.742.51-4.97-43.4677.3412.16
Change in Unearned Revenue
102.79-252.28-215.21325.14133.39-223.77-207.85324.66124.26-230.31-200.26308.95122.29-167.01-174.23279.22186.33-284.97-138.76286.37
Change in Income Taxes
32.45-24.71-0.71-19.0374.62-38.11-30.84-41.9652.33-28.65-50.07-17.0531.28-32.39-10.71-20.4689.11-0.22-5.38-2.2
Change in Other Net Operating Assets
-10.219.1312.32-36.23-17.4314.1118.08-43.79-12.4116.9617.11-41.68-1114.3516.25-38.659.239.04-1.17-26.92
Operating Cash Flow
-103.046.82259.91315.94-169.73115.43326.42282.75-91.99109.85242.66328.5-87.32121.39272.5332.99-62.49161.66262.31349.02
Operating Cash Flow Growth (YoY)
--94.09%-20.38%11.74%-5.08%34.52%-13.93%--9.50%-10.95%-1.35%--24.91%3.89%-4.59%-75.58%-24.42%211.64%

Investing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Capital Expenditures
-49.99-35.06-74.91-71.67-55.94-33.22-75.01-71.02-56.09-24.82-76.91-53.38-53.65-54.71-82.46-124.1-30.98-32.99-78.72-50.13
Sale of Property, Plant & Equipment
2.48---12.37---0.34---5.67---66.26---
Cash Acquisitions
---------94.36-------38.57-1.76-118.1-
Investment in Securities
-37.11---------5.2152.44-37.98--86.76----
Other Investing Activities
-2.412.120.58--5.455.76180.01-0.080.010.066.51-3.931.4910.96114.89-127.641.1911.1510.27
Investing Cash Flow
-87.02-32.94-74.33-71.67-49.02-27.46-57.01-71.01-150.18-24.81-71.645.57-51.91-15.24-71.49-134.53-92.35-30.03-185.68-39.86

Financing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Total Debt Issued
280114.06275-850---600-----------
Long-Term Debt Repaid
----12.31----12.31----15.63----15.63----38.77
Total Debt Repaid
-115.94-15.94-537.3-12.31-362.31-12.31-60.3-12.31-608.98-15.63-15.63-15.63-27.01-15.63-15.63-15.63-25.11-15.63-67.13-38.77
Net Debt Issued (Repaid)
164.0698.13-262.3-12.31487.7-12.31-60.3-12.31-8.98-15.63-15.63-15.63-27.01-15.63-15.63-15.63-25.11-15.63-67.13-38.77
Repurchase of Common Stock
-0.13-0-45.19-3.88-202.08-30-20.18-25.78-25.03-75.31-0.09-55.2-100.13-400.17-1.14-4.04-37.37-37.63-26.79-10.52
Common Dividends Paid
-79.11-79.11-79.1-79.81-79.71-82.48-82.83-83.15-83.22-83.79-78.21-78.47-78.7-81.61-77.03-77.02-76.94-77.51-35.74-35.59
Other Financing Activities
-18.61-13.11-5.58-4.99-12.84-7.7-7.3-11.39-26.37-7.54-3.64-4.32-6.69-4.4-2.96-7.94-1.06-1.19-6.310.15
Financing Cash Flow
66.215.9-392.18-100.98193.07-132.49-170.61-132.63-143.6-182.26-97.57-153.61-212.53-501.8-96.75-104.63-140.48-131.96-135.96-84.73

Net Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Foreign Exchange Rate Adjustments
-16.451.711.850.881.2820.77-12.692.265.95-11.3911.65-13.166.22-5.0814.03-18.88-0.54-0.36-0.87-0.14
Net Cash Flow
-140.3-18.52-194.75144.17-24.39-23.7486.1181.38-379.82-108.6185.1167.3-345.54-400.72118.2974.96-295.86-0.7-60.2224.29

Free Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Free Cash Flow
-153.03-28.24185244.27-225.6782.21251.41211.73-148.0885.03165.75275.12-140.9766.69190.05208.89-93.46128.67183.58298.89
Free Cash Flow Growth (YoY)
---26.41%15.37%--3.32%51.68%-23.04%-27.51%-12.78%31.70%--48.17%3.52%-30.11%-74.32%-40.76%265.28%
Free Cash Flow Margin
-55.03%-2.34%17.07%90.13%-83.18%6.35%22.11%81.35%-55.80%6.63%15.38%106.40%-52.26%5.38%17.25%74.75%-34.99%10.94%20.25%170.24%
Free Cash Flow Per Share
-4.29-0.795.176.80-6.182.216.725.65-3.942.244.367.22-3.671.684.705.18-2.323.164.507.39
Levered Free Cash Flow
-108.11-86.77122.41262.56-163.4437.67209.41232.96-9939.82110.15334.25-16.2-81.6990.67293.15-15.89-56.9662.5364.74
Unlevered Free Cash Flow
-74.65-54.7153.33294.62-135.7863.86236.08259.71-71.8564.73135.52359.718.93-57.23114.65315.226.7-3585.85389.45

Additional Metrics

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
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
119.9-527.96-126.26497.29105.29-489.75-96.57455.04137.65-503.08-154.92494.9780.55-459.8-93.47454.98147.29-408.88-126.99483.06
SEC Filings: 10-K · 10-Q