In This Story
Vail Resorts Inc. (MTN-1.49%) has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing total net revenue of $260.3 million, a slight increase from $258.6 million in the same quarter the previous year. The Mountain segment reported net revenue of $173.3 million, while the Lodging segment reported $86.9 million.
Operating expenses for the Mountain segment increased to $319.5 million from $312.8 million, while the Lodging segment's operating expenses were $82.6 million, slightly up from $82.1 million. The Real Estate segment reported a gain on sale of real property of $16.5 million.
The company reported a net loss of $181.5 million for the quarter, compared to a net loss of $183.0 million in the previous year. The loss attributable to Vail Resorts, Inc. was $172.8 million, or $4.61 per share, compared to $175.5 million, or $4.60 per share, in the prior year.
Cash provided by operating activities was $282.4 million, while cash used in investing and financing activities was $71.0 million and $132.3 million, respectively.
Vail Resorts had $403.8 million in cash and cash equivalents as of October 31, 2024. The company also reported $407.4 million available under the Vail Holdings Credit Agreement revolver.
The filing details the acquisition of Crans-Montana in Switzerland, completed on May 2, 2024, for a total consideration of $106.8 million.
Vail Resorts paid cash dividends of $2.22 per share during the quarter and repurchased 114,800 shares at an average cost of $174.21 per share.
The company continues to focus on its Mountain, Lodging, and Real Estate segments, with ongoing capital expenditures and strategic investments in resort operations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Vail Resorts Inc. quarterly 10-Q report dated December 9, 2024. To report an error, please email earnings@qz.com.