2014 Q3 Form 10-K Financial Statement

#000081201114000019 Filed on September 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 2013 Q3
Revenue $135.5M $1.255B $112.3M
YoY Change 20.64% 11.94% -1.09%
Cost Of Revenue $193.6M $994.2M $168.7M
YoY Change 14.76% 10.89% 4.26%
Gross Profit -$58.10M $260.5M -$56.40M
YoY Change 3.01% 16.19% 17.01%
Gross Profit Margin -42.88% 20.76% -50.22%
Selling, General & Admin $2.701B
YoY Change -0.92%
% of Gross Profit 1036.85%
Research & Development $259.0M
YoY Change -4.07%
% of Gross Profit 99.42%
Depreciation & Amortization $34.70M $136.6M $33.90M
YoY Change 2.36% 4.92% 4.63%
% of Gross Profit 52.44%
Operating Expenses $36.00M $1.137B $33.90M
YoY Change 6.19% 11.09% 4.63%
Operating Profit -$94.49M $117.3M -$84.05M
YoY Change 12.42% 20.95% 3.87%
Interest Expense -$15.20M $64.00M -$13.60M
YoY Change 11.76% 64.24% 63.86%
% of Operating Profit 54.58%
Other Income/Expense, Net $0.00 -$593.0M
YoY Change 3.31%
Pretax Income -$120.5M $44.07M -$97.60M
YoY Change 23.46% -25.59% 9.42%
Income Tax -$45.10M $15.87M -$37.70M
% Of Pretax Income 36.0%
Net Earnings -$75.36M $28.48M -$59.87M
YoY Change 25.87% -24.55% 11.29%
Net Earnings / Revenue -55.62% 2.27% -53.31%
Basic Earnings Per Share -$2.08 $0.79 -$1.67
Diluted Earnings Per Share -$2.08 $0.77 -$1.67
COMMON SHARES
Basic Shares Outstanding 36.22M shares 36.13M shares 35.96M shares
Diluted Shares Outstanding 37.06M shares

Balance Sheet

Concept 2014 Q3 2014 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.40M $44.40M $138.6M
YoY Change -67.97% -67.97% 200.65%
Cash & Equivalents $44.41M $44.40M $138.6M
Short-Term Investments
Other Short-Term Assets $25.05M $67.50M $19.70M
YoY Change 27.18% 17.39% 23.42%
Inventory $67.18M $67.20M $68.32M
Prepaid Expenses
Receivables $95.98M $96.00M $79.04M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $275.0M $275.0M $343.5M
YoY Change -19.92% -19.94% 47.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.148B $1.306B $1.169B
YoY Change -1.82% -4.3% 11.44%
Goodwill $378.1M $381.7M
YoY Change -0.93% 41.49%
Intangibles $117.5M $121.3M
YoY Change -3.15% 31.8%
Long-Term Investments $7.500M $7.500M $7.100M
YoY Change 5.63% 5.63% 2.9%
Other Assets $97.28M $89.80M $97.27M
YoY Change 0.02% -0.44% 109.04%
Total Long-Term Assets $1.899B $1.899B $1.965B
YoY Change -3.36% -3.36% 15.9%
TOTAL ASSETS
Total Short-Term Assets $275.0M $275.0M $343.5M
Total Long-Term Assets $1.899B $1.899B $1.965B
Total Assets $2.174B $2.174B $2.308B
YoY Change -5.82% -5.83% 19.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.80M $71.80M $61.40M
YoY Change 16.94% 16.94% 8.67%
Accrued Expenses $56.60M $56.60M $55.80M
YoY Change 1.43% 1.43% 12.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.022M $1.000M $994.0K
YoY Change 2.82% 0.0% 0.4%
Total Short-Term Liabilities $324.2M $324.2M $313.3M
YoY Change 3.47% 3.48% 25.71%
LONG-TERM LIABILITIES
Long-Term Debt $625.6M $625.6M $795.9M
YoY Change -21.4% -21.4% 62.51%
Other Long-Term Liabilities $100.5M $260.7M $77.11M
YoY Change 30.36% 7.33% 26.1%
Total Long-Term Liabilities $726.1M $886.3M $873.0M
YoY Change -16.83% -14.68% 58.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $324.2M $324.2M $313.3M
Total Long-Term Liabilities $726.1M $886.3M $873.0M
Total Liabilities $1.050B $1.353B $1.186B
YoY Change -11.47% -8.85% 48.26%
SHAREHOLDERS EQUITY
Retained Earnings $401.5M $418.0M
YoY Change -3.96% 2.3%
Common Stock $612.7M $599.1M
YoY Change 2.28% 2.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $193.2M $193.2M
YoY Change 0.0% 0.0%
Treasury Stock Shares 4.949M shares 4.949M shares
Shareholders Equity $820.8M $820.8M $823.9M
YoY Change
Total Liabilities & Shareholders Equity $2.174B $2.174B $2.308B
YoY Change -5.82% -5.83% 19.75%

Cashflow Statement

Concept 2014 Q3 2014 2013 Q3
OPERATING ACTIVITIES
Net Income -$75.36M $28.48M -$59.87M
YoY Change 25.87% -24.55% 11.29%
Depreciation, Depletion And Amortization $34.70M $136.6M $33.90M
YoY Change 2.36% 4.92% 4.63%
Cash From Operating Activities -$60.30M $245.9M -$68.90M
YoY Change -12.48% 10.55% 41.77%
INVESTING ACTIVITIES
Capital Expenditures -$10.20M -$118.3M -$29.40M
YoY Change -65.31% 24.66% 19.51%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$500.0K -$399.0K $5.800M
YoY Change -108.62% -109.02% 427.27%
Cash From Investing Activities -$10.70M -$117.9M -$23.60M
YoY Change -54.66% 8.93% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid $45.02M
YoY Change 58.74%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $998.0K
YoY Change -1.29%
Cash From Financing Activities -192.0M -$222.2M -6.700M
YoY Change 2765.67% 919.79% -76.74%
NET CHANGE
Cash From Operating Activities -60.30M $245.9M -68.90M
Cash From Investing Activities -10.70M -$117.9M -23.60M
Cash From Financing Activities -192.0M -$222.2M -6.700M
Net Change In Cash -263.0M -$94.24M -99.20M
YoY Change 165.12% -202.0% -1.78%
FREE CASH FLOW
Cash From Operating Activities -$60.30M $245.9M -$68.90M
Capital Expenditures -$10.20M -$118.3M -$29.40M
Free Cash Flow -$50.10M $364.2M -$39.50M
YoY Change 26.84% 14.77% 64.58%

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CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Accounting Standards</font><font style="font-family:inherit;font-size:10pt;">-- In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;, which supersedes the revenue recognition requirements in Accounting Standards Codification (&#8220;ASC&#8221;) 605, &#8220;Revenue Recognition&#8221;. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The standard will be effective for the first interim period within fiscal years beginning after December 15, 2016 (the Company's 2018 first fiscal quarter), using one of two retrospective application methods. The Company is evaluating the impacts, if any, the adoption of ASU No. 2014-09 will have on the Company's financial position or results of operations.</font></div></div>
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CY2012 us-gaap Dividends Common Stock
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24249000 USD
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0.004
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.008
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8500000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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28206000 USD
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CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
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100000 USD
CY2014 us-gaap Income Tax Examination Penalties And Interest Expense
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2027-01-19
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266000 USD
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228000 USD
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37743000 USD
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CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013 us-gaap Operating Expenses
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CY2014 us-gaap Operating Income Loss
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CY2013Q2 us-gaap Operating Income Loss
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CY2014Q1 us-gaap Operating Income Loss
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31242000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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21308000 USD
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24198000 USD
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26617000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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19696000 USD
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25050000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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188000 USD
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4424000 USD
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0 USD
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0 USD
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30365000 USD
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45021000 USD
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24249000 USD
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28362000 USD
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23479000 USD
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0 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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19958000 USD
CY2012 us-gaap Payments To Acquire Productive Assets
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132625000 USD
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118305000 USD
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94946000 USD
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0.01
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0.01
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CY2014Q3 us-gaap Preferred Stock Shares Authorized
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25000000 shares
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0 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
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0 USD
CY2014Q3 us-gaap Preferred Stock Value
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CY2014Q3 us-gaap Prepaid Advertising
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200000 USD
CY2013Q3 us-gaap Prepaid Advertising
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400000 USD
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0 USD
CY2013 us-gaap Proceeds From Collection Of Advance To Affiliate
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0 USD
CY2012 us-gaap Proceeds From Collection Of Advance To Affiliate
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CY2012 us-gaap Proceeds From Issuance Of Other Long Term Debt
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56000000 USD
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96000000 USD
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7583000 USD
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2144000 USD
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16391000 USD
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CY2014 us-gaap Real Estate Period Increase Decrease
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CY2014 us-gaap Repayments Of Subordinated Debt
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175000000 USD
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13181000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4200000 USD
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3800000 USD
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CY2013 us-gaap Sales Revenue Net
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CY2014 us-gaap Sales Revenue Net
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P3Y
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0
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.012
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.426
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.428
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.412
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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7500000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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2200000 shares
CY2014 us-gaap Stock Granted During Period Value Sharebased Compensation
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14224000 USD
CY2013 us-gaap Stock Granted During Period Value Sharebased Compensation
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12349000 USD
CY2012 us-gaap Stock Granted During Period Value Sharebased Compensation
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4735000 USD
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
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2548000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
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4602000 USD
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CY2014Q3 us-gaap Stockholders Equity
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CY2013Q3 us-gaap Stockholders Equity
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CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q3 us-gaap Treasury Stock Shares
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CY2013Q3 us-gaap Treasury Stock Shares
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CY2013Q3 us-gaap Treasury Stock Value
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CY2014Q3 us-gaap Treasury Stock Value
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CY2012 us-gaap Treasury Stock Value Acquired Cost Method
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CY2012Q3 us-gaap Unrecognized Tax Benefits
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1800000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1900000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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21082000 USD
CY2007Q4 mtn Net Operating Loss Carryforwards Recognized
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8000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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302000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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314000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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66000 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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874000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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669000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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930000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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37057000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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36673000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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36733000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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36127000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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36004000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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35859000 shares
CY2014Q3 mtn Accounts Payable Accrued Liabilities
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289218000 USD
CY2013Q3 mtn Accounts Payable Accrued Liabilities
AccountsPayableAccruedLiabilities
269519000 USD
CY2014Q3 mtn Accumulated Amortization Excluding Goodwill
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74544000 USD
CY2013Q3 mtn Accumulated Amortization Excluding Goodwill
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70535000 USD
CY2013Q3 mtn Advances To From Parent
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0 USD
CY2014Q3 mtn Advances To From Parent
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0 USD
CY2013Q3 mtn Advances To From Parent Liability
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0 USD
CY2014Q3 mtn Advances To From Parent Liability
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0 USD
CY2014 mtn Average Estimated Useful Life Of Certain Constructed Assets Used As Amenities
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15 Y
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Canyons Obligation
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305329000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Contingent Consideration
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9100000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Current Assets Accounts Receivable
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2211000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Current Assets Other Current Assets
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1698000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Current Liabilities Deferred Revenue Assumed
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1134000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Current Liabilities Trade Payables
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6723000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Deferred Taxes Asset Liab Net Noncurrent
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11869000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Goodwill
BusinessAcquisitionPurchasePriceAllocationGoodwill
106414000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Intangible Assetsbesides Goodwill
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsbesidesGoodwill
30700000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Other Noncurrent Liabilities Acquired
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentLiabilitiesAcquired
21766000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Pcmr Deposit
BusinessAcquisitionPurchasePriceAllocationPCMRDeposit
57800000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Property Plantand Equipment Acquired
BusinessAcquisitionPurchasePriceAllocationPropertyPlantandEquipmentAcquired
5475000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Property Plantand Equipment Grossunder Capital Lease
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127885000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Total Assets Acquired
BusinessAcquisitionPurchasePriceAllocationTotalAssetsAcquired
344052000 USD
CY2013Q2 mtn Business Acquisition Purchase Price Allocation Total Liabilities Assumed
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344052000 USD
CY2014Q3 mtn Canyons Obligation Interest Rate
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0.10
CY2013Q3 mtn Capital Leased Assets Accumulated Depreciation
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1065000 USD
CY2014Q3 mtn Capital Leased Assets Accumulated Depreciation
CapitalLeasedAssetsAccumulatedDepreciation
7596000 USD
CY2014Q3 mtn Capital Leased Assets Buildingsand Building Improvements
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32800000 USD
CY2014Q3 mtn Capital Leased Assets Land
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18500000 USD
CY2013Q3 mtn Capital Leased Assets Land Improvements
CapitalLeasedAssetsLandImprovements
29980000 USD
CY2013Q3 mtn Capital Leased Assets Buildingsand Building Improvements
CapitalLeasedAssetsBuildingsandBuildingImprovements
32800000 USD
CY2013Q3 mtn Capital Leased Assets Land
CapitalLeasedAssetsLand
18500000 USD
CY2014Q3 mtn Capital Leased Assets Land Improvements
CapitalLeasedAssetsLandImprovements
29980000 USD
CY2013Q3 mtn Capital Leased Assets Machineryand Equipment
CapitalLeasedAssetsMachineryandEquipment
44774000 USD
CY2014Q3 mtn Capital Leased Assets Machineryand Equipment
CapitalLeasedAssetsMachineryandEquipment
46605000 USD
CY2013Q3 mtn Capital Leased Assets Net
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124989000 USD
CY2014Q3 mtn Capital Leased Assets Net
CapitalLeasedAssetsNet
120289000 USD
CY2014 mtn Cash Received From Sale Of Property
CashReceivedFromSaleOfProperty
0 USD
CY2013 mtn Cash Received From Sale Of Property
CashReceivedFromSaleOfProperty
11090000 USD
CY2012 mtn Cash Received From Sale Of Property
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0 USD
CY2013 mtn Changein Fair Valueof Contingent Consideration
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0 USD
CY2012 mtn Changein Fair Valueof Contingent Consideration
ChangeinFairValueofContingentConsideration
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CY2014 mtn Changein Fair Valueof Contingent Consideration
ChangeinFairValueofContingentConsideration
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CY2012 mtn Changein Fair Valueof Contingent Consideration Impact
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0 USD
CY2013 mtn Changein Fair Valueof Contingent Consideration Impact
ChangeinFairValueofContingentConsiderationImpact
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CY2014Q3 mtn Contingent Consideration Fair Value Disclosure
ContingentConsiderationFairValueDisclosure
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CY2013Q3 mtn Contingent Consideration Fair Value Disclosure
ContingentConsiderationFairValueDisclosure
9100000 USD
CY2013Q2 mtn Contingent Consideration Key Assumptionsfor Valuation
ContingentConsiderationKeyAssumptionsforValuation
The Company estimated the likelihood and timing of achieving the relevant thresholds for the Contingent Consideration payments using discounted cash flow projection valuation models. The Company considered two probability weighed models to calculate projected EBITDA performance; (1) Canyons on a standalone basis, and (2) Canyons plus the inclusion of the ski terrain of PCMR (excluding the base area) in the Lease. The models considered the following factors: (i) an estimation of the long-term rate of EBITDA growth at 5.5% after the initial five years of operations; (ii) estimated annual capital expenditures between $10.0 million to $15.0 million in the initial five years of operations, subsequently growing at inflation of 3%; (iii) threshold amount increased by an inflation linked index of 2%; and (iv) a discount rate of 15%.
CY2014 mtn Contingent Rent
ContingentRent
0.115
CY2013Q3 mtn Deferred Income Tax Asset Unfavourable Lease Obligation
DeferredIncomeTaxAssetUnfavourableLeaseObligation
14189000 USD
CY2014Q3 mtn Deferred Income Tax Asset Unfavourable Lease Obligation
DeferredIncomeTaxAssetUnfavourableLeaseObligation
12995000 USD
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DeferredIncomeTaxAssetsRealEstateAndOtherInvestments
7130000 USD
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DeferredIncomeTaxAssetsRealEstateAndOtherInvestments
5470000 USD
CY2013Q3 mtn Deferred Income Tax Liability Real Estate And Other Investments
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CY2014Q3 mtn Deferred Income Tax Liability Real Estate And Other Investments
DeferredIncomeTaxLiabilityRealEstateAndOtherInvestments
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CY2014Q3 mtn Deferred Real Estate And Other Deposits Current
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CY2013Q3 mtn Deferred Real Estate And Other Deposits Current
DeferredRealEstateAndOtherDepositsCurrent
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DeferredTaxAssetCanyonsObligation
17614000 USD
CY2014Q3 mtn Deferred Tax Asset Canyons Obligation
DeferredTaxAssetCanyonsObligation
18481000 USD
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1.00
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P12M
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CY2014 mtn Number Of Optional Lease Renewal Terms
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EarningBeforeInterestTaxesDepreciationAndAmortization
189254000 USD
CY2013 mtn Earning Before Interest Taxes Depreciation And Amortization
EarningBeforeInterestTaxesDepreciationAndAmortization
231754000 USD
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-0.014
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EarningBeforeInterestTaxesDepreciationAndAmortization
261734000 USD
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CY2014Q3 mtn Other Long Term Liabilities Noncurrent
OtherLongTermLiabilitiesNoncurrent
260681000 USD
CY2014Q1 mtn Estimated Annual Dividend Amount
EstimatedAnnualDividendAmount
1.66
CY2014 mtn Gain On Sale Of Real Property
GainOnSaleOfRealProperty
0 USD
CY2012 mtn Gain On Sale Of Real Property
GainOnSaleOfRealProperty
0 USD
CY2013 mtn Gain On Sale Of Real Property
GainOnSaleOfRealProperty
6675000 USD
CY2013Q3 mtn Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
17354000 USD
CY2014Q3 mtn Goodwill Accumulated Amortization
GoodwillAccumulatedAmortization
17354000 USD
CY2013Q3 mtn Gross Intangible Assets Excluding Goodwill
GrossIntangibleAssetsExcludingGoodwill
191879000 USD
CY2014Q3 mtn Gross Intangible Assets Excluding Goodwill
GrossIntangibleAssetsExcludingGoodwill
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CY2014Q1 mtn Increase To Annual Cash Dividend Rate
IncreaseToAnnualCashDividendRate
1
CY2014Q3 mtn Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
24713000 USD
CY2013Q3 mtn Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
24713000 USD
CY2014Q3 mtn Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
76121000 USD
CY2013Q3 mtn Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
76176000 USD
CY2013Q3 mtn Investments In Subsidiaries
InvestmentsInSubsidiaries
0 USD
CY2014Q3 mtn Investments In Subsidiaries
InvestmentsInSubsidiaries
0 USD
CY2014Q3 mtn Land And Land Improvements Gross
LandAndLandImprovementsGross
348328000 USD
CY2013Q3 mtn Land And Land Improvements Gross
LandAndLandImprovementsGross
343982000 USD
CY2013 mtn Lodging Expenses Net
LodgingExpensesNet
198813000 USD
CY2014 mtn Lodging Expenses Net
LodgingExpensesNet
225563000 USD
CY2012 mtn Lodging Expenses Net
LodgingExpensesNet
204270000 USD
CY2013 mtn Lodging Revenue Net
LodgingRevenueNet
210974000 USD
CY2014 mtn Lodging Revenue Net
LodgingRevenueNet
242287000 USD
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LodgingRevenueNet
210623000 USD
CY2013Q2 mtn Lodging Revenue Net
LodgingRevenueNet
53834000 USD
CY2013Q1 mtn Lodging Revenue Net
LodgingRevenueNet
46543000 USD
CY2013Q3 mtn Lodging Revenue Net
LodgingRevenueNet
58089000 USD
CY2012Q4 mtn Lodging Revenue Net
LodgingRevenueNet
52508000 USD
CY2013Q4 mtn Lodging Revenue Net
LodgingRevenueNet
57214000 USD
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LodgingRevenueNet
56187000 USD
CY2014Q2 mtn Lodging Revenue Net
LodgingRevenueNet
66293000 USD
CY2014Q3 mtn Lodging Revenue Net
LodgingRevenueNet
62593000 USD
CY2014 mtn Mountain Equity Investment Income Loss Net
MountainEquityInvestmentIncomeLossNet
1262000 USD
CY2013 mtn Mountain Equity Investment Income Loss Net
MountainEquityInvestmentIncomeLossNet
891000 USD
CY2012 mtn Mountain Equity Investment Income Loss Net
MountainEquityInvestmentIncomeLossNet
878000 USD
CY2014 mtn Mountain Expenses Net
MountainExpensesNet
712785000 USD
CY2012 mtn Mountain Expenses Net
MountainExpensesNet
568578000 USD
CY2013 mtn Mountain Expenses Net
MountainExpensesNet
639706000 USD
CY2013 mtn Mountain Revenue Net
MountainRevenueNet
867514000 USD
CY2012 mtn Mountain Revenue Net
MountainRevenueNet
766608000 USD
CY2014 mtn Mountain Revenue Net
MountainRevenueNet
963573000 USD
CY2013Q2 mtn Mountain Revenue Net
MountainRevenueNet
402017000 USD
CY2013Q1 mtn Mountain Revenue Net
MountainRevenueNet
361741000 USD
CY2012Q4 mtn Mountain Revenue Net
MountainRevenueNet
51912000 USD
CY2013Q3 mtn Mountain Revenue Net
MountainRevenueNet
51844000 USD
CY2014Q3 mtn Mountain Revenue Net
MountainRevenueNet
53999000 USD
CY2014Q2 mtn Mountain Revenue Net
MountainRevenueNet
460587000 USD
CY2014 mtn Stock Issued During Period Shares Stock Options And Sars Exercised
StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised
321000 shares
CY2008Q3 mtn Stock Repurchase Program Additional Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased
3000000 shares
CY2014 mtn Operating Costs Expenses And Cost Of Sales
OperatingCostsExpensesAndCostOfSales
994174000 USD
CY2012 mtn Operating Costs Expenses And Cost Of Sales
OperatingCostsExpensesAndCostOfSales
836018000 USD
CY2013 mtn Operating Costs Expenses And Cost Of Sales
OperatingCostsExpensesAndCostOfSales
896609000 USD
CY2014Q3 mtn Operating Loss Carryforward
OperatingLossCarryforward
73800000 USD
CY2014 mtn Optional Lease Renewal Term
OptionalLeaseRenewalTerm
P10Y
CY2013Q3 mtn Other Assets Current And Deferred Income Taxes
OtherAssetsCurrentAndDeferredIncomeTaxes
44886000 USD
CY2013Q4 mtn Mountain Revenue Net
MountainRevenueNet
57331000 USD
CY2014Q1 mtn Mountain Revenue Net
MountainRevenueNet
391656000 USD
CY2014Q3 mtn Other Assets Current And Deferred Income Taxes
OtherAssetsCurrentAndDeferredIncomeTaxes
54299000 USD
CY2014Q3 mtn Past Due Accounts Receivable Interest Rate
PastDueAccountsReceivableInterestRate
0.18
CY2014 mtn Paymentsontenderpremium
Paymentsontenderpremium
8531000 USD
CY2013Q3 mtn Other Long Term Liabilities Noncurrent
OtherLongTermLiabilitiesNoncurrent
242906000 USD
CY2012 mtn Paymentsontenderpremium
Paymentsontenderpremium
0 USD
CY2013 mtn Paymentsontenderpremium
Paymentsontenderpremium
0 USD
CY2014Q3 mtn Private Club Deferred Initiation Fees And Deposits
PrivateClubDeferredInitiationFeesAndDeposits
128824000 USD
CY2013Q3 mtn Private Club Deferred Initiation Fees And Deposits
PrivateClubDeferredInitiationFeesAndDeposits
131760000 USD
CY2014 mtn Private Club Recognized Initiation Fees Average Remaining Period
PrivateClubRecognizedInitiationFeesAverageRemainingPeriod
19 Y
CY2014 mtn Private Club Recognized Initiation Fees Refund Period
PrivateClubRecognizedInitiationFeesRefundPeriod
30 Y
CY2014 mtn Property Plant And Equipment Minimum Cost For Interest Capitalization
PropertyPlantAndEquipmentMinimumCostForInterestCapitalization
1000000 USD
CY2014 mtn Property Plant And Equipment Minimum Interest Capitalization Period
PropertyPlantAndEquipmentMinimumInterestCapitalizationPeriod
1 Y
CY2014 mtn Real Estate Expense
RealEstateExpense
55826000 USD
CY2013 mtn Real Estate Expense
RealEstateExpense
58090000 USD
CY2012 mtn Real Estate Expense
RealEstateExpense
63170000 USD
CY2012 mtn Real Estate Inventory Capitalized Interest Costs Gross
RealEstateInventoryCapitalizedInterestCostsGross
0 USD
CY2013 mtn Real Estate Inventory Capitalized Interest Costs Gross
RealEstateInventoryCapitalizedInterestCostsGross
0 USD
CY2014 mtn Real Estate Inventory Capitalized Interest Costs Gross
RealEstateInventoryCapitalizedInterestCostsGross
0 USD
CY2014 mtn Reduction In Federal Tax Liability
ReductionInFederalTaxLiability
19600000 USD
CY2012 mtn Resort Expenses Net
ResortExpensesNet
772848000 USD
CY2013 mtn Resort Expenses Net
ResortExpensesNet
838519000 USD
CY2014 mtn Resort Expenses Net
ResortExpensesNet
938348000 USD
CY2014 mtn Resort Revenue Net
ResortRevenueNet
1205860000 USD
CY2013 mtn Resort Revenue Net
ResortRevenueNet
1078488000 USD
CY2012 mtn Resort Revenue Net
ResortRevenueNet
977231000 USD
CY2012Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
34.20
CY2011Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
32.02
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm
P5Y9M18D
CY2013 mtn Share Based Compensation Arrangement Sars Granted In Period
ShareBasedCompensationArrangementSarsGrantedInPeriod
412000 shares
CY2012 mtn Share Based Compensation Arrangement Sars Granted In Period
ShareBasedCompensationArrangementSarsGrantedInPeriod
651000 shares
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Award Life
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardLife
P10Y
CY2014Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue
80987000 USD
CY2014Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber
1973000 shares
CY2014Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice
34.45
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm
P4Y9M5D
CY2012 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
27.10
CY2013 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
33.22
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
37.62
CY2012 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod
68000 shares
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod
28000 shares
CY2013 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriod
94000 shares
CY2013 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
43.21
CY2012 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
30.77
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
48.87
CY2013 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Granted In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice
57.43
CY2014 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Granted In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice
73.13
CY2012 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Granted In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantedInPeriodWeightedAverageExercisePrice
41.94
CY2014Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue
93034000 USD
CY2014Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
2756000 shares
CY2012Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
3170000 shares
CY2013Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
2753000 shares
CY2011Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
2661000 shares
CY2014Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
42.06
CY2013Q3 mtn Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
37.63
CY2014 mtn Share Based Compensation Arrangement Sars Granted In Period
ShareBasedCompensationArrangementSarsGrantedInPeriod
352000 shares
CY2012 mtn Stock Issued During Period Shares Stock Options And Sars Exercised
StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised
74000 shares
CY2014 mtn Thecarrying Amount Of Certain Constructed Assets Used As Amenities
ThecarryingAmountOfCertainConstructedAssetsUsedAsAmenities
33000000 USD
CY2014Q3 mtn Unfavorable Lease Obligation Net
UnfavorableLeaseObligationNet
31338000 USD
CY2013Q3 mtn Unfavorable Lease Obligation Net
UnfavorableLeaseObligationNet
34037000 USD
CY2013 mtn Stock Issued During Period Shares Stock Options And Sars Exercised
StockIssuedDuringPeriodSharesStockOptionsAndSarsExercised
735000 shares
CY2014 mtn Tax Refund On Amended Returns
TaxRefundOnAmendedReturns
6200000 USD
CY2013Q3 mtn Vehicles Gross
VehiclesGross
49356000 USD
CY2014Q3 mtn Vehicles Gross
VehiclesGross
55724000 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--07-31
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-07-31
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000812011
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
36218867 shares
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Public Float
EntityPublicFloat
2441712957 USD
CY2014 dei Entity Registrant Name
EntityRegistrantName
VAIL RESORTS INC
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
TradingSymbol
MTN

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