Guarantor Subsidiaries And Non-Guarantor Subsidiaries (Tables)

12 Months Ended

Jul. 31, 2013

Guarantor Subsidiaries And Non Guarantor Subsidiaries

Supplemental Condensed Consolidating Balance Sheet

Supplemental Condensed Consolidating Balance Sheet

As of July 31, 2013

(in thousands)

	Parent Company		100% Owned Guarantor Subsidiaries			Other Subsidiaries			Eliminating Entries			Consolidated
Current assets:
Cash and cash equivalents	$	—	$	130,970		$	7,634		$	—		$	138,604
Restricted cash	—		10,890			1,734			—			12,624
Trade receivables, net	—		77,725			1,312			—			79,037
Inventories, net	—		68,101			217			—			68,318
Other current assets	25,190		18,475			1,221			—			44,886
Total current assets	25,190		306,161			12,118			—			343,469
Property, plant and equipment, net	—		1,124,004			45,284			—			1,169,288
Real estate held for sale and investment	—		195,230			—			—			195,230
Goodwill, net	—		347,078			1,746			—			348,824
Intangible assets, net	—		101,913			19,431			—			121,344
Other assets	6,057		96,337			4,332			(9,459		)	97,267
Investments in subsidiaries	1,861,509		(3,510		)	—			(1,857,999		)	—
Advances to affiliates	—		513,283			2,906			(516,189		)	—
Total assets	$	1,892,756	$	2,680,496		$	85,817		$	(2,383,647	)	$	2,275,422
Current liabilities:
Accounts payable and accrued liabilities	$	6,600	$	256,094		$	6,825		$	—		$	269,519
Income taxes payable	42,822		—			—			—			42,822
Long-term debt due within one year	—		775			219			—			994
Total current liabilities	49,422		256,869			7,044			—			313,335
Advances from affiliates	516,189		—			—			(516,189		)	—
Long-term debt	390,000		348,190			57,738			—			795,928
Other long-term liabilities	27,851		213,928			10,586			(9,459		)	242,906
Deferred income taxes	85,426		—			(42		)	—			85,384
Total Vail Resorts, Inc. stockholders’ equity	823,868		1,861,509			(3,510		)	(1,857,999		)	823,868
Noncontrolling interests	—		—			14,001			—			14,001
Total stockholders’ equity	823,868		1,861,509			10,491			(1,857,999		)	837,869
Total liabilities and stockholders’ equity	$	1,892,756	$	2,680,496		$	85,817		$	(2,383,647	)	$	2,275,422

Supplemental Condensed Consolidating Balance Sheet

As of July 31, 2012

(in thousands)

	Parent Company		100% Owned Guarantor Subsidiaries			Other Subsidiaries			Eliminating Entries			Consolidated
Current assets:
Cash and cash equivalents	$	—	$	38,380		$	7,673		$	—		$	46,053
Restricted cash	—		13,300			984			—			14,284
Trade receivables, net	—		64,185			1,558			—			65,743
Inventories, net	—		65,673			200			—			65,873
Other current assets	24,458		15,522			437			—			40,417
Total current assets	24,458		197,060			10,852			—			232,370
Property, plant and equipment, net	—		1,000,767			48,440			—			1,049,207
Real estate held for sale and investment	—		237,668			—			—			237,668
Goodwill, net	—		268,058			1,711			—			269,769
Intangible assets, net	—		72,751			19,319			—			92,070
Other assets	7,113		42,939			5,937			(9,459		)	46,530
Investments in subsidiaries	1,775,195		(553		)	—			(1,774,642		)	—
Advances to affiliates	—		418,001			3,114			(421,115		)	—
Total assets	$	1,806,766	$	2,236,691		$	89,373		$	(2,205,216	)	$	1,927,614
Current liabilities:
Accounts payable and accrued liabilities	$	6,542	$	215,308		$	5,688		$	—		$	227,538
Income taxes payable	20,721		—			—			—			20,721
Long-term debt due within one year	—		782			208			—			990
Total current liabilities	27,263		216,090			5,896			—			249,249
Advances from affiliates	421,115		—			—			(421,115		)	—
Long-term debt	390,000		41,817			57,958			—			489,775
Other long-term liabilities	28,104		203,589			10,635			(9,459		)	232,869
Deferred income taxes	137,973		—			1,420			—			139,393
Total Vail Resorts, Inc. stockholders’ equity	802,311		1,775,195			(553		)	(1,774,642		)	802,311
Noncontrolling interests	—		—			14,017			—			14,017
Total stockholders’ equity	802,311		1,775,195			13,464			(1,774,642		)	816,328
Total liabilities and stockholders’ equity	$	1,806,766	$	2,236,691		$	89,373		$	(2,205,216	)	$	1,927,614

Supplemental Condensed Consolidating Statement Of Operations

Supplemental Condensed Consolidating Statement of Operations

For the year ended July 31, 2013

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Eliminating Entries			Consolidated
Total net revenue	$	—		$	1,114,952		$	18,127		$	(12,282	)	$	1,120,797
Total operating expense	516			1,014,314			21,144			(12,130		)	1,023,844
(Loss) income from operations	(516		)	100,638			(3,017		)	(152		)	96,953
Other expense, net	(26,411		)	(11,023		)	(1,333		)	152			(38,615		)
Equity investment income, net	—			891			—			—			891
(Loss) income before benefit (provision) for income taxes	(26,927		)	90,506			(4,350		)	—			59,229
Benefit (provision) for income taxes	9,901			(31,974		)	454			—			(21,619		)
Net (loss) income before equity in income (loss) of consolidated subsidiaries	(17,026		)	58,532			(3,896		)	—			37,610
Equity in income (loss) of consolidated subsidiaries	54,769			(3,763		)	—			(51,006		)	—
Net income (loss)	37,743			54,769			(3,896		)	(51,006		)	37,610
Net loss attributable to noncontrolling interests	—			—			133			—			133
Net income (loss) attributable to Vail Resorts, Inc.	$	37,743		$	54,769		$	(3,763	)	$	(51,006	)	$	37,743

Supplemental Condensed Consolidating Statement of Operations

For the year ended July 31, 2012

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Eliminating Entries			Consolidated
Total net revenue	$	—		$	1,020,847		$	14,997		$	(11,450	)	$	1,024,394
Total operating expense	181			959,038			17,142			(11,298		)	965,063
(Loss) income from operations	(181		)	61,809			(2,145		)	(152		)	59,331
Other expense, net	(26,520		)	(5,372		)	(1,377		)	152			(33,117		)
Equity investment income, net	—			878			—			—			878
(Loss) income before benefit (provision) for income taxes	(26,701		)	57,315			(3,522		)	—			27,092
Benefit (provision) for income taxes	10,968			(21,669		)	—			—			(10,701		)
Net (loss) income before equity in income (loss) of consolidated subsidiaries	(15,733		)	35,646			(3,522		)	—			16,391
Equity in income (loss) of consolidated subsidiaries	32,186			(3,460		)	—			(28,726		)	—
Net income (loss)	16,453			32,186			(3,522		)	(28,726		)	16,391
Net loss attributable to noncontrolling interests	—			—			62			—			62
Net income (loss) attributable to Vail Resorts, Inc.	$	16,453		$	32,186		$	(3,460	)	$	(28,726	)	$	16,453

Supplemental Condensed Consolidating Statement of Operations

For the year ended July 31, 2011

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Eliminating Entries			Consolidated
Total net revenue	$	—		$	1,166,706		$	12,212		$	(11,872	)	$	1,167,046
Total operating expense	522			1,070,054			13,718			(11,720		)	1,072,574
(Loss) income from operations	(522		)	96,652			(1,506		)	(152		)	94,472
Other expense, net	(34,244		)	(4,908		)	(1,294		)	152			(40,294		)
Equity investment income, net	—			1,342			—			—			1,342
(Loss) income before benefit (provision) for income taxes	(34,766		)	93,086			(2,800		)	—			55,520
Benefit (provision) for income taxes	14,235			(35,333		)	—			—			(21,098		)
Net (loss) income before equity in income (loss) of consolidated subsidiaries	(20,531		)	57,753			(2,800		)	—			34,422
Equity in income (loss) of consolidated subsidiaries	55,020			(2,733		)	—			(52,287		)	—
Net income (loss)	34,489			55,020			(2,800		)	(52,287		)	34,422
Net loss attributable to noncontrolling interests	—			—			67			—			67
Net income (loss) attributable to Vail Resorts, Inc.	$	34,489		$	55,020		$	(2,733	)	$	(52,287	)	$	34,489

Supplemental Condensed Consolidating Statement Of Cash Flows

Supplemental Condensed Consolidating Statement of Cash Flows

For the year ended July 31, 2013

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Consolidated
Net cash (used in) provided by operating activities	$	(2,845	)	$	225,434		$	(166	)	$	222,423
Cash flows from investing activities:
Capital expenditures	—			(94,041		)	(905		)	(94,946		)
Acquisition of businesses	—			(19,958		)	—			(19,958		)
Proceeds from sale of real property	—			11,090			—			11,090
Other investing activities, net	—			(4,344		)	(80		)	(4,424		)
Net cash used in investing activities	—			(107,253		)	(985		)	(108,238		)
Cash flows from financing activities:
Proceeds from borrowings under other long-term debt	—			96,000			—			96,000
Payments of other long-term debt	—			(96,803		)	(208		)	(97,011		)
Dividends paid	(28,362		)	—			—			(28,362		)
Other financing activities, net	4,565			2,177			841			7,583
Advances from (to) affiliates	26,642			(26,867		)	225			—
Net cash provided by (used in) financing activities	2,845			(25,493		)	858			(21,790		)
Effect of exchange rate changes on cash and cash equivalents	—			(98		)	254			156
Net increase (decrease) in cash and cash equivalents	—			92,590			(39		)	92,551
Cash and cash equivalents:
Beginning of period	—			38,380			7,673			46,053
End of period	$	—		$	130,970		$	7,634		$	138,604

Supplemental Condensed Consolidating Statement of Cash Flows

For the year ended July 31, 2012

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Consolidated
Net cash (used in) provided by operating activities	$	(6,789	)	$	191,831		$	377		$	185,419
Cash flows from investing activities:
Capital expenditures	—			(132,025		)	(600		)	(132,625		)
Acquisition of business	—			(24,311		)	832			(23,479		)
Other investing activities, net	—			150			—			150
Net cash (used in) provided by investing activities	—			(156,186		)	232			(155,954		)
Cash flows from financing activities:
Proceeds from borrowings under other long-term debt	—			56,000			—			56,000
Payments of other long-term debt	—			(56,855		)	(197		)	(57,052		)
Repurchases of common stock	(30,365		)	—			—			(30,365		)
Dividends paid	(24,249		)	—			—			(24,249		)
Other financing activities, net	1,637			400			107			2,144
Advances from (to) affiliates	59,766			(60,175		)	409			—
Net cash provided by (used in) financing activities	6,789			(60,630		)	319			(53,522		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(33		)	(33		)
Net (decrease) increase in cash and cash equivalents	—			(24,985		)	895			(24,090		)
Cash and cash equivalents:
Beginning of period	—			63,365			6,778			70,143
End of period	$	—		$	38,380		$	7,673		$	46,053

Supplemental Condensed Consolidating Statement of Cash Flows

For the year ended July 31, 2011

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Consolidated
Net cash (used in ) provided by operating activities	$	(2,659	)	$	268,602		$	1,344		$	267,287
Cash flows from investing activities:
Capital expenditures	—			(95,568		)	(72		)	(95,640		)
Acquisition of business	—			(62,344		)	—			(62,344		)
Other investing activities, net	—			(204		)	—			(204		)
Net cash used in investing activities	—			(158,116		)	(72		)	(158,188		)
Cash flows from financing activities:
Proceeds from borrowings under other long-term debt	—			189,000			—			189,000
Payments of other long-term debt	—			(226,674		)	(187		)	(226,861		)
Proceeds from borrowings under the 6.50% Notes	390,000			—			—			390,000
Payment of tender of 6.75% Notes	(390,000		)	—			—			(390,000		)
Payment of financing costs	(9,331		)	(3,069		)	—			(12,400		)
Dividends paid	(5,411		)	—			—			(5,411		)
Other financing activities, net	1,319			(1,055		)	1,707			1,971
Advances	16,082			(16,638		)	556			—
Net cash provided by (used in) financing activities	2,659			(58,436		)	2,076			(53,701		)
Net increase in cash and cash equivalents	—			52,050			3,348			55,398
Cash and cash equivalents:
Beginning of period	—			11,315			3,430			14,745
End of period	$	—		$	63,365		$	6,778		$	70,143

Supplemental Statement of Comprehensive Income [Text Block]

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

For the year ended July 31, 2013

(in thousands)

	Parent Company		100% Owned Guarantor Subsidiaries		Other Subsidiaries			Eliminating Entries			Consolidated
Net income (loss)	$	37,743	$	54,769	$	(3,896	)	$	(51,006	)	$	37,610
Foreign currency translation adjustments, net of tax	188		188		188			(376		)	188
Comprehensive income (loss)	37,931		54,957		(3,708		)	(51,382		)	37,798
Comprehensive loss attributable to noncontrolling interests	—		—		133			—			133
Comprehensive income (loss) attributable to Vail Resorts, Inc.	$	37,931	$	54,957	$	(3,575	)	$	(51,382	)	$	37,931

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

For the year ended July 31, 2012

(in thousands)

	Parent Company			100% Owned Guarantor Subsidiaries			Other Subsidiaries			Eliminating Entries			Consolidated
Net income (loss)	$	16,453		$	32,186		$	(3,522	)	$	(28,726	)	$	16,391
Foreign currency translation adjustments, net of tax	(255		)	(255		)	(255		)	510			(255		)
Comprehensive income (loss)	16,198			31,931			(3,777		)	(28,216		)	16,136
Comprehensive loss attributable to noncontrolling interests	—			—			62			—			62
Comprehensive income (loss) attributable to Vail Resorts, Inc.	$	16,198		$	31,931		$	(3,715	)	$	(28,216	)	$	16,198

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

For the year ended July 31, 2011

(in thousands)

	Parent Company		100% Owned Guarantor Subsidiaries		Other Subsidiaries			Eliminating Entries			Consolidated
Net income (loss)	$	34,489	$	55,020	$	(2,800	)	$	(52,287	)	$	34,422
Foreign currency translation adjustments, net of tax	—		—		—			—			—
Comprehensive income (loss)	34,489		55,020		(2,800		)	(52,287		)	34,422
Comprehensive loss attributable to noncontrolling interests	—		—		67			—			67
Comprehensive income (loss) attributable to Vail Resorts, Inc.	$	34,489	$	55,020	$	(2,733	)	$	(52,287	)	$	34,489