Vail Resorts, Inc. MTN Income Statement

Vail resorts, inc. (MTN)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09
Net revenue:
Mountain and Lodging services and other
753,758	180,031	175,973	800,816	687,119	144,022	146,557	700,033	594,372	143,348	138,818	653,510	570,640	114,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mountain and Lodging retail and dining
170,674	83,559	67,916	156,930	162,203	75,884	65,002	141,318	140,069	76,866	63,569	136,251	149,343	63,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resort Revenue Net
924,432	263,590	243,889	957,746	849,322	219,906	211,559	841,351	734,441	220,214	202,387	789,761	719,983	178,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mountain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	572,805	532,872	100,933	-	499,551	463,031	60,386	53,999	460,587	391,656	57,331	51,844	402,017	361,741	51,912	46,414	354,586	315,938	49,670	41,717	351,418	318,277	40,779	36,100	302,213	260,978	39,204
Lodging
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,933	62,807	64,286	-	67,323	59,364	58,493	62,593	66,293	56,187	57,214	58,089	53,834	46,543	52,508	54,751	53,972	48,306	53,594	54,388	57,477	51,676	51,117	70,393	44,877	38,676	41,355
Real Estate Revenue
206	4,180	117	241	256	98	78	3,140	134	636	6,737	4,870	5,215	96	7,362	1,734	3,684	9,348	11,648	12,469	7,842	9,383	18,896	16,167	4,877	8,846	2,372	13,840	14,167	11,930	12,379	12,587	9,088	13,109	12,568	13,221	25,147	149,261	56,768	3,164	870	205
Revenues
924,638	267,770	244,006	957,987	849,578	220,004	211,637	844,491	734,575	220,850	209,124	794,631	725,198	178,265	179,884	647,472	599,363	174,567	162,082	579,343	530,237	128,262	135,488	543,047	452,720	123,391	112,305	469,691	422,451	116,350	113,544	421,145	373,332	116,373	108,673	422,116	395,100	241,157	163,261	350,254	300,524	80,764
Operating expense (exclusive of depreciation and amortization shown separately below):
Mountain and Lodging operating expense
387,842	228,710	207,278	349,647	350,633	194,112	186,027	301,760	297,503	181,276	173,817	281,778	282,895	152,645	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mountain and Lodging retail and dining cost of products sold
67,135	37,735	32,048	59,615	63,505	34,876	26,900	54,289	57,237	35,679	28,402	52,673	60,809	28,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
91,302	75,055	64,461	68,213	77,362	64,379	57,026	66,181	70,736	57,863	50,997	63,836	71,218	50,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resort Expenses Net
546,279	341,500	303,787	477,475	491,500	293,367	269,953	422,230	425,476	274,818	253,216	398,287	414,922	232,333	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mountain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	281,968	296,256	151,158	-	244,675	268,966	131,952	111,198	233,301	243,512	124,774	103,208	207,953	220,997	107,548	90,323	184,211	195,489	98,555	83,870	182,136	191,224	83,136	69,077	156,454	154,018	76,468
Lodging
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,422	57,311	61,437	-	54,726	53,927	57,754	62,217	53,182	53,259	56,905	56,758	45,446	44,803	51,806	54,773	47,103	47,093	55,301	56,891	48,643	50,795	49,574	73,206	39,292	37,788	42,623
Real estate expense
1,505	5,293	1,468	1,382	1,389	1,370	1,245	-597	1,207	1,691	6,939	9,818	5,841	1,485	7,596	3,085	4,617	9,341	12,895	14,028	9,871	11,614	20,144	18,445	8,006	9,231	8,741	16,996	16,739	15,614	16,691	16,069	12,563	17,847	16,516	18,309	25,344	145,063	50,417	8,391	7,417	5,177
Total segment operating expense
547,784	346,793	305,255	478,857	492,889	294,737	271,198	421,633	426,683	276,509	260,155	408,105	420,763	233,818	229,901	342,475	358,184	221,936	210,919	313,429	332,764	201,320	193,559	304,928	304,777	190,910	168,707	270,395	282,539	174,968	161,787	247,383	255,145	171,703	157,277	249,088	267,363	277,773	192,700	204,137	199,223	124,268
Other operating (expense) income:
Depreciation, Depletion and Amortization, Nonproduction
63,812	57,845	56,576	55,260	55,238	51,043	50,330	54,104	51,404	48,624	48,921	50,029	49,626	40,581	40,775	41,472	40,541	38,700	37,536	38,242	37,376	35,969	34,653	35,588	36,204	34,156	33,861	33,730	33,418	31,679	32,335	33,266	33,050	28,930	29,012	30,937	30,276	27,732	27,870	27,812	27,772	27,184
Asset impairment charge (Note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,561	-	-	-	-	-	-
Gain on sale of real property
0	207	312	268	0	0	-	0	515	-	300	0	0	6,466	3,485	19	632	1,159	0	151	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,087
Gain on litigation settlement (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Fair Value of Contingent Consideration
1,600	1,136	1,900	1,567	700	1,200	600	-2,454	0	0	1,200	14,500	300	300	4,200	0	0	0	900	0	0	-4,550	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
-709	2,267	-1,169	27	1,097	-619	-2,495	-3,230	538	567	-1,725	-1,924	-2,231	-550	-2,269	-164	-1,206	-1,779	-1,205	-71	-26	-755	-369	634	-1,044	-429	-465	-224	-531	-2	-341	-90	-919	-114	-212	-35	-400	92	-532	18	12	-113
Income from operations
310,733	-135,530	-120,582	422,598	301,848	-127,595	-112,986	367,978	257,541	-103,716	-102,577	320,073	252,278	-90,518	-93,776	263,380	200,064	-86,689	-88,478	227,752	160,071	-88,832	-94,493	203,165	110,695	-102,104	-84,053	165,342	105,963	-90,299	-80,919	140,406	84,218	-84,374	-77,828	139,495	97,061	-64,256	-57,841	118,323	73,541	-64,714
Mountain equity investment income, net
169	1,191	405	445	160	950	429	607	-35	522	373	521	157	832	291	211	-61	842	426	-129	200	325	-20	665	14	603	92	266	99	434	-66	336	178	430	18	406	138	780	259	838	207	254
Investment income and other, net
361	277	389	1,727	507	463	428	736	397	383	233	210	1,148	4,523	214	150	161	198	91	119	62	-26	86	124	70	95	45	153	99	54	113	-18	310	64	141	114	226	238	-118	141	192	230
Foreign Currency Transaction Gain (Loss), before Tax
-798	360	2,326	-3,319	450	-2,311	-2,455	-9,502	10,337	-7,346	19,184	-9,065	5,166	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
26,134	22,690	20,281	19,575	21,002	18,638	16,431	15,648	15,973	15,174	13,663	14,248	14,214	11,964	10,461	10,400	10,910	10,595	10,131	13,735	13,807	13,568	15,252	16,408	16,239	16,098	13,698	8,359	8,534	8,375	8,360	8,443	8,542	8,241	8,531	8,515	8,659	7,936	4,859	3,673	4,148	4,835
Loss on extinguishment of debt (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,615	-	-	-	-	-	-
Income before provision for income taxes
284,331	-156,392	-137,743	401,876	281,963	-147,131	-131,015	344,171	252,267	-125,331	-96,450	297,491	244,535	-97,127	-103,732	253,341	189,254	-96,244	-109,104	214,007	146,526	-102,101	-120,510	187,546	94,540	-117,504	-97,614	157,402	97,627	-98,186	-89,232	132,281	76,164	-92,121	-86,957	124,885	88,766	-71,174	-62,559	115,629	69,792	-69,065
Income Tax Expense (Benefit)
67,313	-46,563	-45,442	93,346	63,973	-36,405	-43,224	71,896	3,594	-93,404	-35,202	100,635	84,807	-33,509	-38,448	95,804	72,383	-36,574	-38,936	80,605	30,826	-37,777	-45,087	69,680	35,340	-44,067	-37,710	59,814	37,098	-37,583	-35,408	52,753	29,743	-36,387	-33,042	48,045	34,209	-28,114	-20,375	39,238	24,713	-25,554
Net income
217,018	-109,829	-92,301	308,530	217,990	-110,726	-87,791	272,275	248,673	-31,927	-61,248	196,856	159,728	-63,618	-65,284	157,537	116,871	-59,670	-70,168	133,402	115,700	-64,324	-75,423	117,866	59,200	-73,437	-59,904	97,588	60,529	-60,603	-53,824	79,528	46,421	-55,734	-53,915	76,840	54,557	-43,060	-42,184	76,391	45,079	-43,511
Net Income (Loss) Attributable to Noncontrolling Interest
10,648	-3,354	-2,776	16,396	11,641	-2,931	-4,131	16,023	12,982	-3,542	-4,102	15,749	10,549	-1,031	-11	-95	-111	-83	-26	-8	-62	-48	-68	-80	-63	-61	-36	-52	-22	-23	-28	-41	32	-25	-63	27	6	-37	-263	3,602	4,389	-2,338
Net income attributable to Vail Resorts, Inc.
206,370	-106,475	-89,525	292,134	206,349	-107,795	-83,660	256,252	235,691	-28,385	-57,146	181,107	149,179	-62,587	-65,273	157,632	116,982	-59,587	-70,142	133,410	115,762	-64,276	-75,355	117,946	59,263	-73,376	-59,868	97,640	60,551	-60,580	-53,796	79,569	46,389	-55,709	-53,906	76,867	54,551	-43,023	-41,921	72,789	40,690	-41,173
Per share amounts (Note 5):
Basic net income per share attributable to Vail Resorts, Inc.
5.12	-2.64	-2.26	7.26	5.12	-2.66	-2.05	6.34	5.82	-0.71	-1.18	4.52	3.72	-1.70	-1.82	4.35	3.23	-1.63	-1.93	3.67	3.19	-1.77	-2.07	3.26	1.64	-2.04	-1.66	2.72	1.69	-1.70	-1.50	2.21	1.29	-1.54	-1.49	2.13	1.52	-1.20	-1.15	2.01	1.12	-1.14
Diluted net income per share attributable to Vail Resorts, Inc.
5.04	-2.64	-2.16	7.12	5.02	-2.66	-2.00	6.17	5.67	-0.71	-1.11	4.40	3.63	-1.70	-1.73	4.23	3.14	-1.63	-1.82	3.56	3.10	-1.77	-1.97	3.18	1.60	-2.04	-1.58	2.66	1.65	-1.70	-1.45	2.17	1.27	-1.54	-1.42	2.08	1.48	-1.20	-1.12	1.98	1.11	-1.14
Cash dividends declared per share
1.76	1.76	1.76	1.76	1.47	1.47	1.47	1.47	1.05	1.05	1.05	1.05	0.81	0.81	0.81	0.81	0.62	0.62	0.62	0.62	0.41	0.41	0.41	0.41	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.18	0.15	0.15	-	0.00	-	-	-	-	-	-