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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2021
Jul. 31, 2020
Apr. 30, 2020
Assets      
Cash and cash equivalents $ 1,344,702 $ 390,980 $ 482,656
Restricted cash 11,684 11,106 10,459
Trade receivables, net 208,132 106,664 100,225
Inventories, net 73,044 101,856 101,748
Other current assets 47,253 54,482 55,790
Total current assets 1,684,815 665,088 750,878
Property, plant and equipment, net (Note 7) 2,116,795 2,192,679 2,201,803
Real estate held for sale and investment 96,259 96,844 96,565
Goodwill, net (Note 7) 1,801,296 1,709,020 1,673,258
Intangible assets, net 323,521 314,776 310,033
Operating right-of-use assets 211,497 225,744 217,318
Other assets 42,454 40,081 39,797
Total assets 6,276,637 5,244,232 5,289,652
Liabilities      
Accounts payable and accrued liabilities (Note 7) 567,264 499,108 449,274
Income taxes payable 36,344 40,680 42,554
Long-term debt due within one year (Note 5) 113,454 63,677 63,566
Total current liabilities 717,062 603,465 555,394
Long-term debt, net (Note 5) 2,739,981 2,387,122 2,365,372
Operating lease liabilities 196,256 217,542 209,321
Other long-term liabilities (Note 7) 252,451 270,245 251,464
Deferred income taxes, net 344,190 234,191 277,841
Total liabilities 4,249,940 3,712,565 3,659,392
Commitments and contingencies (Note 9)
Stockholders' Equity      
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01 $ 0.01
Preferred stock, shares authorized 25,000,000 25,000,000 25,000,000
Preferred stock, shares issued 0 0 0
Preferred stock, shares outstanding 0 0 0
Preferred stock, $0.01 par value, 25,000 shares authorized, no shares issued and outstanding $ 0 $ 0 $ 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Common stock, shares authorized 100,000,000 100,000,000 100,000,000
Common stock, shares issued 46,429,000 46,350,000 46,266,000
Common stock, $0.01 par value, 100,000 shares authorized, 46,429, 46,350 and 46,266 shares issued, respectively $ 465 $ 464 $ 462
Exchangeable Shares Par Value Per Share $ 0.01 $ 0.01 $ 0.01
Exchangeable Shares, Shares, Issued 34,000 36,000 54,000
Exchangeable shares, $0.01 par value, 34, 36 and 54 shares issued and outstanding, respectively (Note 4) $ 0 $ 0 $ 1
Additional paid-in capital 1,220,942 1,131,624 1,136,139
Accumulated other comprehensive income (loss) 50,643 (56,837) (109,576)
Retained earnings $ 914,563 $ 645,902 $ 799,508
Treasury stock, shares 6,161,141 6,161,000 6,161,000
Treasury stock, at cost, 6,161, 6,161, and 6,161 shares, respectively (Note 11) $ (404,411) $ (404,411) $ (404,411)
Total Vail Resorts, Inc. stockholders’ equity 1,782,202 1,316,742 1,422,123
Noncontrolling interests 244,495 214,925 208,137
Total stockholders’ equity 2,026,697 1,531,667 1,630,260
Total liabilities and stockholders’ equity $ 6,276,637 $ 5,244,232 $ 5,289,652