Exhibit 99.2

		(In thousands)
		Twelve
		Months Ended
		October 31,
		2008
Mountain Reported EBITDA		$	217,573
Lodging Reported EBITDA			8,499
	Resort Reported EBITDA*		226,072
Real Estate Reported EBITDA			56,189
	Total Reported EBITDA		282,261
Depreciation and amortization			(98,111	)
Loss on disposal of fixed assets, net			(1,480	)
Investment income, net			5,710
Interest expense, net			(30,970	)
Minority interest in income of consolidated subsidiaries, net			(4,632	)
Income before provision for income taxes			152,778
	Provision for income taxes		(59,745	)
Net income		$	93,033
* Resort represents the sum of Mountain and Lodging

		(In thousands)
		As of
		October 31,
		2008
Long-term debt		$	491,778
Long-term debt due within one year			354
Total debt			492,132
Less: cash and cash equivalents			102,668
	Net debt	$	389,464
	Net debt to Total Reported EBITDA		1.38