10-Q Filing

VAIL RESORTS INC CIK: 812011 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-332878`
Period End Date	20111031
Filing Date	20111207
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mtn-20111031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 113 Income Statement 44 Cash Flow Statement 55

Balance Sheet 113 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.14M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.58M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.74M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$12.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$13.62M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$12.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$58.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$29.63M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$35.12M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$64.23M	USD	Point-in-time
Inventories, net	`InventoryNet`	$75.79M	USD	Point-in-time
Inventories, net	`InventoryNet`	$54.01M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$57.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.51M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.33M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$245.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$177.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$221.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.47M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.24M	shares	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$1.05B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.26M	shares	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$1.05B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.26M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.47M	shares	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$1.02B	USD	Point-in-time
Real estate held for sale and investment	`InventoryRealEstate`	$273.66M	USD	Point-in-time
Real estate held for sale and investment	`InventoryRealEstate`	$263.13M	USD	Point-in-time
Real estate held for sale and investment	`InventoryRealEstate`	$296.98M	USD	Point-in-time
Goodwill, net	`Goodwill`	$268.06M	USD	Point-in-time
Goodwill, net	`Goodwill`	$271.73M	USD	Point-in-time
Goodwill, net	`Goodwill`	$268.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$91.36M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$89.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$91.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.18M	USD	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Total assets	`Assets`	$1.95B	USD	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAccruedLiabilities`	$303.79M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAccruedLiabilities`	$221.36M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAccruedLiabilities`	$316.59M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$20.78M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$19.57M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$32.42M	USD	Point-in-time
Long-term debt due within one year (Note 4)	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.96M	USD	Point-in-time
Long-term debt due within one year (Note 4)	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.04M	USD	Point-in-time
Long-term debt due within one year (Note 4)	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$337.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$243.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$338.18M	USD	Point-in-time
Long-term debt (Note 4)	`LongTermDebtAndCapitalLeaseObligations`	$513.01M	USD	Point-in-time
Long-term debt (Note 4)	`LongTermDebtAndCapitalLeaseObligations`	$490.38M	USD	Point-in-time
Long-term debt (Note 4)	`LongTermDebtAndCapitalLeaseObligations`	$490.70M	USD	Point-in-time
Other long-term liabilities (Note 6)	`OtherLiabilitiesNoncurrent`	$239.07M	USD	Point-in-time
Other long-term liabilities (Note 6)	`OtherLiabilitiesNoncurrent`	$235.43M	USD	Point-in-time
Other long-term liabilities (Note 6)	`OtherLiabilitiesNoncurrent`	$236.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$133.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$99.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$66.20M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized, 40,468,268 (unaudited), 40,334,973 and 40,241,791 (unaudited) shares issued, respectively	`CommonStockValue`	$402.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized, 40,468,268 (unaudited), 40,334,973 and 40,241,791 (unaudited) shares issued, respectively	`CommonStockValue`	$403.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized, 40,468,268 (unaudited), 40,334,973 and 40,241,791 (unaudited) shares issued, respectively	`CommonStockValue`	$405.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$566.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$578.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$575.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$416.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$355.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$344.36M	USD	Point-in-time
Treasury stock, at cost; 4,468,181 (unaudited), 4,264,804 and 4,264,804 (unaudited) shares, respectively (Note 11)	`TreasuryStockValue`	$162.83M	USD	Point-in-time
Treasury stock, at cost; 4,468,181 (unaudited), 4,264,804 and 4,264,804 (unaudited) shares, respectively (Note 11)	`TreasuryStockValue`	$170.70M	USD	Point-in-time
Treasury stock, at cost; 4,468,181 (unaudited), 4,264,804 and 4,264,804 (unaudited) shares, respectively (Note 11)	`TreasuryStockValue`	$162.83M	USD	Point-in-time
Total Vail Resorts, Inc. stockholders' equity	`StockholdersEquity`	$763.43M	USD	Point-in-time
Total Vail Resorts, Inc. stockholders' equity	`StockholdersEquity`	$748.14M	USD	Point-in-time
Total Vail Resorts, Inc. stockholders' equity	`StockholdersEquity`	$829.72M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$13.93M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$14.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$14.19M	USD	Point-in-time
Total stockholders' equity (Note 2)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$843.72M	USD	Point-in-time
Total stockholders' equity (Note 2)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$802.39M	USD	Point-in-time
Total stockholders' equity (Note 2)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$777.36M	USD	Point-in-time
Total stockholders' equity (Note 2)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$762.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.92B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.95B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.94B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Mountain	`MountainRevenueNet`	$40.78M	USD	1 Quarter
Mountain	`MountainRevenueNet`	$49.67M	USD	1 Quarter
Lodging	`LodgingRevenueNet`	$53.59M	USD	1 Quarter
Lodging	`LodgingRevenueNet`	$51.12M	USD	1 Quarter
Real estate	`RealEstateRevenueNet`	$13.11M	USD	1 Quarter
Real estate	`RealEstateRevenueNet`	$149.26M	USD	1 Quarter
Total net revenue	`SalesRevenueNet`	$241.16M	USD	1 Quarter
Total net revenue	`SalesRevenueNet`	$116.37M	USD	1 Quarter
Mountain	`MountainExpensesNet`	$98.56M	USD	1 Quarter
Mountain	`MountainExpensesNet`	$83.14M	USD	1 Quarter
Lodging	`LodgingExpensesNet`	$55.30M	USD	1 Quarter
Lodging	`LodgingExpensesNet`	$49.57M	USD	1 Quarter
Real estate	`RealEstateExpense`	$145.06M	USD	1 Quarter
Real estate	`RealEstateExpense`	$17.85M	USD	1 Quarter
Total segment operating expense	`OperatingCostsExpensesAndCostOfSales`	$277.77M	USD	1 Quarter
Total segment operating expense	`OperatingCostsExpensesAndCostOfSales`	$171.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.93M	USD	1 Quarter
(Loss) gain on disposal of fixed assets, net	`GainLossOnDispositionOfProperty`	$-114.00K	USD	1 Quarter
(Loss) gain on disposal of fixed assets, net	`GainLossOnDispositionOfProperty`	$92.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-64.26M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-84.37M	USD	1 Quarter
Mountain equity investment income, net	`MountainEquityInvestmentIncomeLossNet`	$780.00K	USD	1 Quarter
Mountain equity investment income, net	`MountainEquityInvestmentIncomeLossNet`	$430.00K	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$238.00K	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$64.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$7.94M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.24M	USD	1 Quarter
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest`	$-92.12M	USD	1 Quarter
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest`	$-71.17M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-36.39M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-28.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-43.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.73M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-25.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-37.00K	USD	1 Quarter
Net loss attributable to Vail Resorts, Inc.	`NetIncomeLoss`	$-55.71M	USD	1 Quarter
Net loss attributable to Vail Resorts, Inc.	`NetIncomeLoss`	$-43.02M	USD	1 Quarter
Basic net loss per share attributable to Vail Resorts, Inc.	`EarningsPerShareBasic`	$-1.20	USD	1 Quarter
Basic net loss per share attributable to Vail Resorts, Inc.	`EarningsPerShareBasic`	$-1.54	USD	1 Quarter
Diluted net loss per share attributable to Vail Resorts, Inc.	`EarningsPerShareDiluted`	$-1.54	USD	1 Quarter
Diluted net loss per share attributable to Vail Resorts, Inc.	`EarningsPerShareDiluted`	$-1.20	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-43.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-55.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.93M	USD	1 Quarter
Cost of real estate sales	`CostOfRealEstateSales`	$10.29M	USD	1 Quarter
Cost of real estate sales	`CostOfRealEstateSales`	$133.84M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.29M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.03M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-36.39M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-28.11M	USD	1 Quarter
Other non-cash income, net	`OtherNoncashIncome`	$2.40M	USD	1 Quarter
Other non-cash income, net	`OtherNoncashIncome`	$2.70M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$898.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$1.18M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-22.32M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-29.99M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$14.12M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$21.78M	USD	1 Quarter
Investments in real estate	`RealEstatePeriodIncreaseDecrease`	$-10.20M	USD	1 Quarter
Investments in real estate	`RealEstatePeriodIncreaseDecrease`	$-1.09M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$87.45M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$50.78M	USD	1 Quarter
Deferred real estate deposits	`DeferredRealEstateDeposits`	$308.00K	USD	1 Quarter
Deferred real estate deposits	`DeferredRealEstateDeposits`	$18.82M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.47M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.88M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$118.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.34M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$51.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$36.90M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-342.00K	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$60.53M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-74.00K	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$478.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.14M	USD	1 Quarter
Proceeds from borrowings under long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$100.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$303.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$116.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.87M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$5.43M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$713.00K	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.98M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.60M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.83M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.41M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.14M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.74M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.58M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$70.14M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$44.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$19.58M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$14.74M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.