Vail Resorts, Inc. MTN Cash Flow

Vail resorts, inc. (MTN)

CashFlow / Yearly

Jul'19	Jul'18	Jul'17	Jul'16	Jul'15	Jul'14	Jul'13	Jul'12	Jul'11	Jul'10	Jul'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
323,493	401,230	231,718	149,454	114,610	28,206	37,610	16,391	34,422	35,775	50,552
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
218,117	204,462	189,157	161,488	149,123	140,601	132,688	127,581	117,957	110,638	107,213
Cost of real estate sales
0	3,701	13,097	15,724	32,190	37,400	32,076	34,912	168,267	42,821	103,893
Stock-based compensation expense
19,856	19,040	18,315	17,025	15,753	14,224	12,349	11,999	12,493	11,843	10,741
Deferred income taxes, net
22,419	-45,770	36,437	7,626	12,968	6,219	-8,125	9,243	32,194	-4,427	30,767
Canyons obligation accreted interest expense
5,752	5,723	5,687	5,644	5,596	5,544	985	0	-	-	-
Change in Fair Value of Contingent Consideration
5,367	-1,854	16,300	4,200	-3,650	1,400	0	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
-2,854	-8,966	15,285	0	0	-	-	-	-	-	-
Gain on litigation settlement
-	-	-	-	16,400	0	0	-	-	-	-
Park City litigation settlement payment
-	-	-	-	-10,000	0	0	-	-	-	-
Gain on sale of real property
580	515	6,766	5,295	151	0	6,675	0	0	6,087	-
Asset impairment charge
-	-	-	-	-	-	-	-	2,561	0	-
Loss on extinguishment of debt
-	-	-	-	-11,012	-10,831	0	0	-7,372	0	-
Payment of tender premium
-	-	-	-	8,636	8,531	0	0	-	-	-
Other non-cash (income) expense, net
13,875	13,784	15,063	8,044	6,930	8,570	8,093	6,041	8,571	7,533	5,300
Changes in assets and liabilities:
Restricted cash
-	-	-	-6,966	-162	559	-1,647	1,733	424	769	-47,372
Trade receivables, net
35,406	44,261	36,291	32,991	15,350	17,007	11,715	2,577	1,638	-5,687	7,833
Inventories, net
7,274	963	-8,086	843	1,304	-1,332	105	10,853	2,758	-652	-761
Investments in real estate
-	-	-	-	-	-	-	-2,160	-24,920	-166,446	-161,608
Accounts payable and accrued liabilities
23,296	1,879	-22,119	16,025	4,498	20,724	19,774	-2,515	-23,223	-12,547	-19,568
Deferred revenue
35,628	42,007	24,217	36,557	-	-	-	-	-	-	-
Income taxes payable - excess tax benefit from share award exercises
12,932	71,077	9,878	5,667	-	-	-	-	-	-	-
Income taxes payable - other
38,773	38,453	27,954	62,220	41,783	12,198	21,717	-305	-12,495	26,625	-27,297
Deferred real estate deposits
-	-	-	-	-	-	-	-	32,139	11,573	46,011
Private club deferred initiation fees and deposits
-	-	-	-	-	-	-	-	-	-	-41,591
Other assets and liabilities, net
-8,743	-1,249	-5,417	-6,888	21,614	-1,866	1,710	-11,477	1,811	-11,291	-9,003
Net cash provided by operating activities
634,231	548,486	470,983	436,977	303,660	245,878	222,423	185,419	267,287	35,950	134,276
Cash flows from investing activities:
Capital expenditures
192,035	140,611	144,432	109,237	123,884	118,305	94,946	132,625	95,640	68,957	106,491
Acquisition of businesses, net of cash acquired
419,044	1,356	547,044	20,245	307,051	0	19,958	23,479	62,344	15,870	38,170
Cash Received From Sale Of Property
-	-	-	7,386	2,541	0	11,090	0	0	8,920	-
Other investing activities, net
-15,045	-7,388	-14,816	1,920	-1,326	-399	4,424	-150	204	7,645	-36
Net cash used in investing activities
-596,034	-134,579	-676,660	-124,016	-427,068	-117,906	-108,238	-155,954	-158,188	-83,552	-144,625
Cash flows from financing activities:
Proceeds from borrowings under Vail Holdings Credit Agreement
543,625	225,000	669,375	210,000	250,000	-	-	-	-	-	-
Proceeds from borrowings under Credit Facility Term Loan
-	-	-	-	-	0	0	-	-	-	-
Proceeds from borrowings under Vail Holdings Credit Agreement revolver
-	-	-	-	438,000	0	-	-	-	-	-
Proceeds from borrowings under Whistler Credit Agreement
26,518	46,513	16,917	0	0	-	-	-	-	-	-
Proceeds from borrowings under the 6.50% Notes
-	-	-	-	-	-	-	-	390,000	0	-
Repayments on tender of 6.50% Notes
-	-	-	-	215,000	175,000	0	0	390,000	0	-
Repayments on tender of Industrial Development Bonds
-	-	-	-	41,200	0	0	-	-	-	-
Repayments of borrowings under Vail Holdings Credit Agreement
235,625	182,500	213,125	329,375	0	0	-	-	-	-	-
Proceeds from borrowings under non-recourse real estate financings
-	-	-	-	-	-	-	-	-	-	9,013
Payments of non-recourse real estate financings
-	-	-	-	-	-	-	-	-	-	58,407
Proceeds from borrowings under Credit Facility Revolver
-	-	-	-	-	-	96,000	56,000	189,000	140,962	67,280
Repayments of borrowings under Vail Holdings Credit Agreement
-	-	-	-	253,000	0	96,000	-	-	-	-
Repayments of borrowings under Whistler Credit Agreement
45,060	91,941	53,889	0	0	-	-	-	-	-	-
Employee taxes paid for share award exercises
27,239	104,077	16,275	10,215	-	-	-	-	-	-	-
Dividends paid
260,567	204,161	146,235	103,835	75,506	45,021	28,362	24,249	5,411	0	-
Payments of other long-term debt
-	-	-	-	-	998	1,011	57,052	226,861	106,309	82,632
Payments for Repurchase of Common Stock
85,000	25,800	200	53,787	0	0	-	30,365	0	14,999	22,367
Payment of financing costs
-	-	-	-	-	-	-	-	12,400	0	-
Acquisition of noncontrolling interest
-	-	-	-	-	-	-	-	-	31,000	-
Other financing activities, net
-16,210	-13,749	-941	5,780	11,957	-1,193	7,583	2,144	1,971	4,395	4,415
Net cash used in financing activities
-99,558	-350,715	255,617	-281,432	115,251	-222,212	-21,790	-53,522	-53,701	-6,951	-82,698
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-5,290	-5,814	3,779	909	-790	42	156	-33	0	0	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-66,651	57,378	53,719	32,438	-8,947	-94,198	92,551	-24,090	55,398	-54,553	-93,047
Cash paid for interest
70,888	53,842	46,454	33,243	46,483	57,217	34,222	30,212	35,826	14,968	25,556
Taxes paid, net
27,212	16,945	49,373	21,994	4,421	6,787	3,984	216	1,355	-4,694	25,545
Accrued capital expenditures
18,420	15,638	14,631	16,267	6,267	12,254	12,775	-	-	-	-
Capital expenditures made under long-term financing
-	-	-	-	7,037	0	0	-	-	-	-