Vail Resorts Cash Flow Statement
NYSE: MTNConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Vail Resorts free cash flow
In fiscal 2026, Vail Resorts generated $479.6 million of operating cash flow and spent $231.6 million on capital expenditures. That left free cash flow of $248.0 million, a free-cash-flow margin of 8.7% of revenue. Free cash flow was down 22.4% from the prior year's $319.7 million.
Vail Resorts returned $362.1 million to shareholders: $317.1 million in dividends and $45.0 million in share repurchases, equal to 146% of free cash flow. Free cash flow covered dividend payments 0.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Vail Resorts cash flow statement (annual)
| Fiscal year (USD) | FY 20262026-07-31 | FY 20252025-07-31 | FY 20242024-07-31 | FY 20232023-07-31 | FY 20222022-07-31 | FY 20212021-07-31 | FY 20202020-07-31 | FY 20192019-07-31 | FY 20182018-07-31 | FY 20172017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 170.74M | 297.98M | 246.98M | 282.78M | 368.34M | 124.46M | 109.06M | 323.49M | 401.23M | 231.72M |
| Net Income growth (YoY) | -42.70% | +20.65% | -12.66% | -23.23% | +195.96% | +14.12% | -66.29% | -19.37% | +73.15% | +55.04% |
| Depreciation & Amortization | 305.61M | 296.44M | 279.07M | 269.18M | 252.39M | 252.59M | 249.57M | 218.12M | 204.46M | 189.16M |
| Stock-Based Compensation | 28.16M | 33.96M | 26.80M | 25.41M | 24.89M | 24.39M | 21.02M | 19.86M | 19.04M | 18.32M |
| Change in Working Capital | -10.04M | 39.33M | 38.09M | 33.59M | 22.99M | 103.98M | -14.97M | 16.24M | -1.34M | -26.11M |
| Operating Cash Flow | 479.63M | 554.87M | 589.02M | 637.86M | 710.50M | 525.25M | 394.95M | 634.23M | 548.49M | 470.98M |
| Capital Expenditures | -231.63M | -235.19M | -211.20M | -314.91M | -192.82M | -115.10M | -172.33M | -192.03M | -140.61M | -144.43M |
| Investing Cash Flow | -265.96M | -204.50M | -241.07M | -273.17M | -347.92M | -103.33M | -492.74M | -596.03M | -134.58M | -676.66M |
| Dividends Paid | -317.13M | -328.17M | -323.68M | -314.35M | -225.79M | 0 | -212.73M | -260.57M | -204.16M | -146.24M |
| Share Repurchases | -45.00M | -270.00M | -150.00M | -500.00M | -75.01M | 0 | -46.42M | -85.00M | -25.80M | -210.00K |
| Debt Repaid | — | -50.00M | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -421.04M | -242.65M | -577.04M | -914.00M | -493.14M | 434.66M | 376.23M | -99.56M | -350.71M | 255.62M |
| Net Change in Cash | -209.40M | 119.36M | -236.03M | -553.01M | -132.47M | 856.49M | 283.70M | -66.65M | 57.38M | 53.72M |
| Free Cash Flow | 248.00M | 319.68M | 377.82M | 322.94M | 517.68M | 410.15M | 222.62M | 442.20M | 407.88M | 326.55M |
This table shows 10 annual periods of Vail Resorts's cash flow statement, from FY 2026 back to FY 2017, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MTN's reporting calendar. What is a cash flow statement?