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Resort Reported EBITDA increased 11.6% to $268.8 million for fiscal 2014 compared to the prior fiscal year. This includes $9.8 million of expenses related to the Canyons integration and Park City Mountain Resort litigation.
Net income attributable to Vail Resorts, Inc. was $28.5 million for fiscal 2014.
Sales of season passes through September 21, 2014 for the upcoming 2014/2015 ski season were up approximately 14% in units and approximately 18% in sales dollars versus the comparable period in the prior year. Based on historical patterns, approximately 55% to 60% of our total sales are made by this date.
The Company issued its fiscal 2015 guidance range, including the addition of Park City Mountain Resort. Resort Reported EBITDA is expected to be between $340 million and $360 million, which includes approximately $5 million of litigation, transaction and integration expense related to Park City Mountain Resort and Canyons.
The following information was filed by Vail Resorts Inc (MTN) on Wednesday, September 24, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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