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Guarantor Subsidiaries And Non-Guarantor Subsidiaries (Tables) | 3 Months Ended
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Oct. 31, 2013
Guarantor Subsidiaries And Non Guarantor Subsidiaries |
Supplemental Condensed Consolidating Balance Sheet | Supplemental Condensed Consolidating Balance Sheet As of October 31, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 107,053 |  |  | $ | 7,172 |  |  | $ | — |  |  | $ | 114,225 |
Restricted cash |  | — |  |  | 10,846 |  |  | 1,557 |  |  | — |  |  | 12,403 |
Trade receivables, net |  | 198 |  |  | 34,522 |  |  | 2,831 |  |  | — |  |  | 37,551 |
Inventories, net |  | — |  |  | 89,317 |  |  | 214 |  |  | — |  |  | 89,531 |
Other current assets |  | 26,524 |  |  | 29,674 |  |  | 1,136 |  |  | — |  |  | 57,334 |
Total current assets |  | 26,722 |  |  | 271,412 |  |  | 12,910 |  |  | — |  |  | 311,044 |
Property, plant and equipment, net |  | — |  |  | 1,140,942 |  |  | 44,571 |  |  | — |  |  | 1,185,513 |
Real estate held for sale and investment |  | — |  |  | 188,205 |  |  | — |  |  | — |  |  | 188,205 |
Goodwill, net |  | — |  |  | 344,865 |  |  | 1,760 |  |  | — |  |  | 346,625 |
Intangible assets, net |  | — |  |  | 101,071 |  |  | 19,418 |  |  | — |  |  | 120,489 |
Other assets |  | 5,796 |  |  | 97,473 |  |  | 4,188 |  |  | (9,459 | ) |  | 97,998 |
Investments in subsidiaries |  | 1,751,058 |  |  | (5,045 | ) |  | — |  |  | (1,746,013 | ) |  | — |
Advances to affiliates |  | — |  |  | 522,510 |  |  | 2,945 |  |  | (525,455 | ) |  | — |
Total assets |  | $ | 1,783,576 |  |  | $ | 2,661,433 |  |  | $ | 85,792 |  |  | $ | (2,280,927 | ) |  | $ | 2,249,874 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 12,877 |  |  | $ | 348,128 |  |  | $ | 8,546 |  |  | $ | — |  |  | $ | 369,551 |
Income taxes payable |  | 39,946 |  |  | — |  |  | — |  |  | — |  |  | 39,946 |
Long-term debt due within one year |  | — |  |  | 772 |  |  | 231 |  |  | — |  |  | 1,003 |
Total current liabilities |  | 52,823 |  |  | 348,900 |  |  | 8,777 |  |  | — |  |  | 410,500 |
Advances from affiliates |  | 525,455 |  |  | — |  |  | — |  |  | (525,455 | ) |  | — |
Long-term debt |  | 390,000 |  |  | 349,555 |  |  | 57,507 |  |  | — |  |  | 797,062 |
Other long-term liabilities |  | 27,673 |  |  | 211,920 |  |  | 10,591 |  |  | (9,459 | ) |  | 240,725 |
Deferred income taxes |  | 43,069 |  |  | — |  |  | (34 | ) |  | — |  |  | 43,035 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 744,556 |  |  | 1,751,058 |  |  | (5,045 | ) |  | (1,746,013 | ) |  | 744,556 |
Noncontrolling interests |  | — |  |  | — |  |  | 13,996 |  |  | — |  |  | 13,996 |
Total stockholders’ equity |  | 744,556 |  |  | 1,751,058 |  |  | 8,951 |  |  | (1,746,013 | ) |  | 758,552 |
Total liabilities and stockholders’ equity |  | $ | 1,783,576 |  |  | $ | 2,661,433 |  |  | $ | 85,792 |  |  | $ | (2,280,927 | ) |  | $ | 2,249,874 |
Supplemental Condensed Consolidating Balance Sheet As of July 31, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 130,970 |  |  | $ | 7,634 |  |  | $ | — |  |  | $ | 138,604 |
Restricted cash |  | — |  |  | 10,890 |  |  | 1,734 |  |  | — |  |  | 12,624 |
Trade receivables, net |  | — |  |  | 77,725 |  |  | 1,312 |  |  | — |  |  | 79,037 |
Inventories, net |  | — |  |  | 68,101 |  |  | 217 |  |  | — |  |  | 68,318 |
Other current assets |  | 25,190 |  |  | 18,475 |  |  | 1,221 |  |  | — |  |  | 44,886 |
Total current assets |  | 25,190 |  |  | 306,161 |  |  | 12,118 |  |  | — |  |  | 343,469 |
Property, plant and equipment, net |  | — |  |  | 1,124,004 |  |  | 45,284 |  |  | — |  |  | 1,169,288 |
Real estate held for sale and investment |  | — |  |  | 195,230 |  |  | — |  |  | — |  |  | 195,230 |
Goodwill, net |  | — |  |  | 347,078 |  |  | 1,746 |  |  | — |  |  | 348,824 |
Intangible assets, net |  | — |  |  | 101,913 |  |  | 19,431 |  |  | — |  |  | 121,344 |
Other assets |  | 6,057 |  |  | 96,337 |  |  | 4,332 |  |  | (9,459 | ) |  | 97,267 |
Investments in subsidiaries |  | 1,861,509 |  |  | (3,510 | ) |  | — |  |  | (1,857,999 | ) |  | — |
Advances to affiliates |  | — |  |  | 513,283 |  |  | 2,906 |  |  | (516,189 | ) |  | — |
Total assets |  | $ | 1,892,756 |  |  | $ | 2,680,496 |  |  | $ | 85,817 |  |  | $ | (2,383,647 | ) |  | $ | 2,275,422 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 6,600 |  |  | $ | 256,094 |  |  | $ | 6,825 |  |  | $ | — |  |  | $ | 269,519 |
Income taxes payable |  | 42,822 |  |  | — |  |  | — |  |  | — |  |  | 42,822 |
Long-term debt due within one year |  | — |  |  | 775 |  |  | 219 |  |  | — |  |  | 994 |
Total current liabilities |  | 49,422 |  |  | 256,869 |  |  | 7,044 |  |  | — |  |  | 313,335 |
Advances from affiliates |  | 516,189 |  |  | — |  |  | — |  |  | (516,189 | ) |  | — |
Long-term debt |  | 390,000 |  |  | 348,190 |  |  | 57,738 |  |  | — |  |  | 795,928 |
Other long-term liabilities |  | 27,851 |  |  | 213,928 |  |  | 10,586 |  |  | (9,459 | ) |  | 242,906 |
Deferred income taxes |  | 85,426 |  |  | — |  |  | (42 | ) |  | — |  |  | 85,384 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 823,868 |  |  | 1,861,509 |  |  | (3,510 | ) |  | (1,857,999 | ) |  | 823,868 |
Noncontrolling interests |  | — |  |  | — |  |  | 14,001 |  |  | — |  |  | 14,001 |
Total stockholders’ equity |  | 823,868 |  |  | 1,861,509 |  |  | 10,491 |  |  | (1,857,999 | ) |  | 837,869 |
Total liabilities and stockholders’ equity |  | $ | 1,892,756 |  |  | $ | 2,680,496 |  |  | $ | 85,817 |  |  | $ | (2,383,647 | ) |  | $ | 2,275,422 |
Supplemental Condensed Consolidating Balance Sheet As of October 31, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 36,779 |  |  | $ | 7,206 |  |  | $ | — |  |  | $ | 43,985 |
Restricted cash |  | — |  |  | 13,578 |  |  | 948 |  |  | — |  |  | 14,526 |
Trade receivables, net |  | — |  |  | 26,639 |  |  | 3,082 |  |  | — |  |  | 29,721 |
Inventories, net |  | — |  |  | 84,548 |  |  | 204 |  |  | — |  |  | 84,752 |
Other current assets |  | 25,782 |  |  | 22,827 |  |  | 506 |  |  | — |  |  | 49,115 |
Total current assets |  | 25,782 |  |  | 184,371 |  |  | 11,946 |  |  | — |  |  | 222,099 |
Property, plant and equipment, net |  | — |  |  | 1,008,799 |  |  | 47,844 |  |  | — |  |  | 1,056,643 |
Real estate held for sale and investment |  | — |  |  | 227,662 |  |  | — |  |  | — |  |  | 227,662 |
Goodwill, net |  | — |  |  | 268,058 |  |  | 1,801 |  |  | — |  |  | 269,859 |
Intangible assets, net |  | — |  |  | 72,262 |  |  | 19,357 |  |  | — |  |  | 91,619 |
Other assets |  | 6,836 |  |  | 42,299 |  |  | 5,877 |  |  | (9,459 | ) |  | 45,553 |
Investments in subsidiaries |  | 1,684,088 |  |  | (1,996 | ) |  | — |  |  | (1,682,092 | ) |  | — |
Advances to affiliates |  | — |  |  | 425,366 |  |  | 2,933 |  |  | (428,299 | ) |  | — |
Total assets |  | $ | 1,716,706 |  |  | $ | 2,226,821 |  |  | $ | 89,758 |  |  | $ | (2,119,850 | ) |  | $ | 1,913,435 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 12,906 |  |  | $ | 297,715 |  |  | $ | 7,637 |  |  | $ | — |  |  | $ | 318,258 |
Income taxes payable |  | 17,026 |  |  | — |  |  | — |  |  | — |  |  | 17,026 |
Long-term debt due within one year |  | — |  |  | 629 |  |  | 219 |  |  | — |  |  | 848 |
Total current liabilities |  | 29,932 |  |  | 298,344 |  |  | 7,856 |  |  | — |  |  | 336,132 |
Advances from affiliates |  | 428,299 |  |  | — |  |  | — |  |  | (428,299 | ) |  | — |
Long-term debt |  | 390,000 |  |  | 41,787 |  |  | 57,738 |  |  | — |  |  | 489,525 |
Other long-term liabilities |  | 28,050 |  |  | 202,602 |  |  | 10,607 |  |  | (9,459 | ) |  | 231,800 |
Deferred income taxes |  | 102,054 |  |  | — |  |  | 1,495 |  |  | — |  |  | 103,549 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 738,371 |  |  | 1,684,088 |  |  | (1,996 | ) |  | (1,682,092 | ) |  | 738,371 |
Noncontrolling interests |  | — |  |  | — |  |  | 14,058 |  |  | — |  |  | 14,058 |
Total stockholders’ equity |  | 738,371 |  |  | 1,684,088 |  |  | 12,062 |  |  | (1,682,092 | ) |  | 752,429 |
Total liabilities and stockholders’ equity |  | $ | 1,716,706 |  |  | $ | 2,226,821 |  |  | $ | 89,758 |  |  | $ | (2,119,850 | ) |  | $ | 1,913,435 |
Supplemental Condensed Consolidating Statement Of Operations | Supplemental Condensed Consolidating Statement of Operations For the three months ended October 31, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 123,488 |  |  | $ | 2,815 |  |  | $ | (2,912 | ) |  | $ | 123,391 |
Total operating expense |  | 92 |  |  | 223,528 |  |  | 4,749 |  |  | (2,874 | ) |  | 225,495 |
Loss from operations |  | (92 | ) |  | (100,040 | ) |  | (1,934 | ) |  | (38 | ) |  | (102,104 | )
Other expense, net |  | (6,601 | ) |  | (9,097 | ) |  | (343 | ) |  | 38 |  |  | (16,003 | )
Equity investment income, net |  | — |  |  | 603 |  |  | — |  |  | — |  |  | 603 |
Loss before benefit from income taxes |  | (6,693 | ) |  | (108,534 | ) |  | (2,277 | ) |  | — |  |  | (117,504 | )
Benefit from income taxes |  | 2,848 |  |  | 40,990 |  |  | 229 |  |  | — |  |  | 44,067 |
Net loss before equity in loss of consolidated subsidiaries |  | (3,845 | ) |  | (67,544 | ) |  | (2,048 | ) |  | — |  |  | (73,437 | )
Equity in loss of consolidated subsidiaries |  | (69,531 | ) |  | (1,987 | ) |  | — |  |  | 71,518 |  |  | — |
Net loss |  | (73,376 | ) |  | (69,531 | ) |  | (2,048 | ) |  | 71,518 |  |  | (73,437 | )
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 61 |  |  | — |  |  | 61 |
Net loss attributable to Vail Resorts, Inc. |  | $ | (73,376 | ) |  | $ | (69,531 | ) |  | $ | (1,987 | ) |  | $ | 71,518 |  |  | $ | (73,376 | )
Supplemental Condensed Consolidating Statement of Operations For the three months ended October 31, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 116,004 |  |  | $ | 3,011 |  |  | $ | (2,665 | ) |  | $ | 116,350 |
Total operating expense |  | 113 |  |  | 204,358 |  |  | 4,805 |  |  | (2,627 | ) |  | 206,649 |
Loss from operations |  | (113 | ) |  | (88,354 | ) |  | (1,794 | ) |  | (38 | ) |  | (90,299 | )
Other expense, net |  | (6,610 | ) |  | (1,414 | ) |  | (335 | ) |  | 38 |  |  | (8,321 | )
Equity investment income, net |  | — |  |  | 434 |  |  | — |  |  | — |  |  | 434 |
Loss before benefit from income taxes |  | (6,723 | ) |  | (89,334 | ) |  | (2,129 | ) |  | — |  |  | (98,186 | )
Benefit from income taxes |  | 2,610 |  |  | 34,791 |  |  | 182 |  |  | — |  |  | 37,583 |
Net loss before equity in loss of consolidated subsidiaries |  | (4,113 | ) |  | (54,543 | ) |  | (1,947 | ) |  | — |  |  | (60,603 | )
Equity in income of consolidated subsidiaries |  | (56,467 | ) |  | (1,924 | ) |  | — |  |  | 58,391 |  |  | — |
Net loss |  | (60,580 | ) |  | (56,467 | ) |  | (1,947 | ) |  | 58,391 |  |  | (60,603 | )
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Net loss attributable to Vail Resorts, Inc. |  | $ | (60,580 | ) |  | $ | (56,467 | ) |  | $ | (1,924 | ) |  | $ | 58,391 |  |  | $ | (60,580 | )
SupplementalCondensedStatementofComprehensiveIncome [Text Block] | Statement of Comprehensive Income (Loss) For the three months ended October 31, 2013 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net loss |  | $ | (73,376 | ) |  | $ | (69,531 | ) |  | $ | (2,048 | ) |  | $ | 71,518 |  |  | $ | (73,437 | )
Foreign currency translation adjustments, net of tax |  | 11 |  |  | 11 |  |  | 11 |  |  | (22 | ) |  | 11 |
Comprehensive loss |  | (73,365 | ) |  | (69,520 | ) |  | (2,037 | ) |  | 71,496 |  |  | (73,426 | )
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 61 |  |  | — |  |  | 61 |
Comprehensive loss attributable to Vail Resorts, Inc. |  | $ | (73,365 | ) |  | $ | (69,520 | ) |  | $ | (1,976 | ) |  | $ | 71,496 |  |  | $ | (73,365 | )
Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss) For the three months ended October 31, 2012 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net loss |  | $ | (60,580 | ) |  | $ | (56,467 | ) |  | $ | (1,947 | ) |  | $ | 58,391 |  |  | $ | (60,603 | )
Foreign currency translation adjustments, net of tax |  | 294 |  |  | 294 |  |  | 294 |  |  | (588 | ) |  | 294 |
Comprehensive loss |  | (60,286 | ) |  | (56,173 | ) |  | (1,653 | ) |  | 57,803 |  |  | (60,309 | )
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Comprehensive loss attributable to Vail Resorts, Inc. |  | $ | (60,286 | ) |  | $ | (56,173 | ) |  | $ | (1,630 | ) |  | $ | 57,803 |  |  | $ | (60,286 | )
Supplemental Condensed Consolidating Statement Of Cash Flows | Supplemental Condensed Consolidating Statement of Cash Flows For the three months ended October 31, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Consolidated
Net cash (used in) provided by operating activities |  | $ | (44,375 | ) |  | $ | 74,291 |  |  | $ | (623 | ) |  | $ | 29,293 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (46,477 | ) |  | (274 | ) |  | (46,751 | )
Other investing activities, net |  | — |  |  | 93 |  |  | 7 |  |  | 100 |
Net cash used in investing activities |  | — |  |  | (46,384 | ) |  | (267 | ) |  | (46,651 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Dividends paid |  | (7,489 | ) |  | — |  |  | — |  |  | (7,489 | )
Other financing activities, net |  | 2,969 |  |  | (2,858 | ) |  | 334 |  |  | 445 |
Advances |  | 48,895 |  |  | (48,895 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities |  | 44,375 |  |  | (51,753 | ) |  | 334 |  |  | (7,044 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | (71 | ) |  | 94 |  |  | 23 |
Net decrease in cash and cash equivalents |  | — |  |  | (23,917 | ) |  | (462 | ) |  | (24,379 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |
Beginning of period |  | — |  |  | 130,970 |  |  | 7,634 |  |  | 138,604 |
End of period |  | $ | — |  |  | $ | 107,053 |  |  | $ | 7,172 |  |  | $ | 114,225 |
Supplemental Condensed Consolidating Statement of Cash Flows For the three months ended October 31, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Consolidated
Net cash (used in) provided by operating activities |  | $ | (38,785 | ) |  | $ | 73,658 |  |  | $ | (296 | ) |  | $ | 34,577 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (35,654 | ) |  | (253 | ) |  | (35,907 | )
Other investing activities, net |  | — |  |  | 255 |  |  | — |  |  | 255 |
Net cash used in investing activities |  | — |  |  | (35,399 | ) |  | (253 | ) |  | (35,652 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Dividends paid |  | (6,729 | ) |  | — |  |  | — |  |  | (6,729 | )
Other financing activities, net |  | 3,628 |  |  | 2,170 |  |  | (94 | ) |  | 5,704 |
Advances |  | 41,886 |  |  | (42,030 | ) |  | 144 |  |  | — |
Net cash provided by (used in) financing activities |  | 38,785 |  |  | (39,860 | ) |  | 50 |  |  | (1,025 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | 32 |  |  | 32 |
Net decrease in cash and cash equivalents |  | — |  |  | (1,601 | ) |  | (467 | ) |  | (2,068 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |
Beginning of period |  | — |  |  | 38,380 |  |  | 7,673 |  |  | 46,053 |
End of period |  | $ | — |  |  | $ | 36,779 |  |  | $ | 7,206 |  |  | $ | 43,985 |

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