Sign in

MTN on NYSE

Vail Resorts

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

American mountain resort company

Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.3 Its shares trade on NYSE under the symbol MTN.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$2.8BRevenue, fiscal 20266
$147.5MNet income, fiscal 20266
1962Founded1

Compare with International Game Technology, StubHub Holdings, Inc. or United Parks & Resorts Inc., or pick any stock.

  • TickerMTN on NYSE1
  • Industryski industry1
  • HeadquartersBroomfield1
  • Websitewww.vailresorts.com
  • Legal formpublic company1
  • Incorporated inDE7
  • Business address390 Interlocken Crescent, Suite 1000, Broomfield, Co 800217
  • Filer categoryLarge accelerated filer7
  • LEI529900PSZHRNU9HKH8704
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o Corporation Service Company, 251 Little Falls Drive, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 20732924

See how the biggest companies compare on our leaderboards

Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

14.8%Operating margin6
5.2%Net margin6
-4.3%Revenue growth, 20266
61.3%Return on equity6
12.90×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Geographic Distribution, Domestic brought in 70% of the revenue Vail Resorts broke down this way in fiscal 2026.

  1. Geographic Distribution, Domestic$2.2B670%down 8% from 2025
  2. Geographic Distribution, Foreign$600.0M619%up 11% from 2025
  3. Canada$372.1M612%up 11% from 2025
Regions by year
Regions202420252026
Geographic Distribution, Domestic$2.4B$2.4B$2.2B
Geographic Distribution, Foreign$498.4M$541.1M$600.0M
Canada$326.2M$335.3M$372.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Other costs86¢$2.4B
  • Interest7¢$205.6M
  • Income tax2¢$56.2M
  • Profit5¢$147.5M

Out of $2.8B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Dividends paid66¢$317.1M
  • Share buybacks9¢$45.0M
  • Kept or used elsewhere24¢$117.5M

Out of $479.6M of cash from operations.6

Financial statements

Revenue10111213146$2.8B in 2026+25% since 2019
0$1.0B$2.0B$3.0B2019: $2.3B$2.3B20192020: $2.0B$2.0B2020−14%2021: $1.9B$1.9B2021−3%2022: $2.5B$2.5B2022+32%2023: $2.9B$2.9B2023+14%2024: $2.9B$2.9B2024−0%2025: $3.0B$3.0B2025+3%2026: $2.8B$2.8B2026−4%
Operating income10111213146$420.5M in 2026−12% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $476.3M$476.3M20192020: $223.4M$223.4M2020−53%2021: $261.0M$261.0M2021+17%2022: $601.7M$601.7M2022+131%2023: $504.4M$504.4M2023−16%2024: $488.8M$488.8M2024−3%2025: $560.0M$560.0M2025+15%2026: $420.5M$420.5M2026−25%
Net income10111213146$147.5M in 2026−51% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $301.2M$301.2M20192020: $98.8M$98.8M2020−67%2021: $127.8M$127.8M2021+29%2022: $347.9M$347.9M2022+172%2023: $265.8M$265.8M2023−24%2024: $231.1M$231.1M2024−13%2025: $280.0M$280.0M2025+21%2026: $147.5M$147.5M2026−47%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-07-312025-07-312024-07-31
Mountain and Lodging services and other$2.4B$2.5B$2.4B
Mountain and Lodging retail and dining$464.8M$499.0M$492.3M
Resort net revenue$2.8B$3.0B$2.9B
Real Estate$6.2M$435.0K$4.7M
Total net revenue$2.8B$3.0B$2.9B
Mountain and Lodging operating expense$1.5B$1.5B$1.5B
Mountain and Lodging retail and dining cost of products sold$168.0M$182.0M$188.1M
General and administrative$434.0M$433.7M$410.0M
Resort operating expense$2.1B$2.1B$2.1B
Real Estate operating expense$12.0M$6.2M$9.5M
Total segment operating expense$2.1B$2.1B$2.1B
Depreciation and amortization-$305.6M-$296.4M-$279.1M
Gain on sale of real property, net$13.2M$24.4M$6.3M
Change in estimated fair value of contingent consideration (Note 9)-$19.2M-$9.4M-$48.0M
(Loss) gain on disposal of fixed assets and other, net-$6.8M$6.9M-$9.6M
Income from operations$420.5M$560.0M$488.8M
Interest expense, net-$205.6M-$171.6M-$164.6M
Mountain equity investment income, net$829.0K$3.9M$1.1M
Investment income and other, net$11.1M$10.1M$18.6M
Foreign currency gain (loss) on intercompany loans (Note 6)$80.0K$20.0K-$4.1M
Income before provision for income taxes$227.0M$402.4M$339.8M
Provision for income taxes (Note 10)-$56.2M-$104.4M-$92.8M
Net income$170.7M$298.0M$247.0M
Net income attributable to noncontrolling interests-$23.2M-$18.0M-$15.9M
Net income attributable to Vail Resorts, Inc.$147.5M$280.0M$231.1M
Basic net income per share attributable to Vail Resorts, Inc.$4.13$7.54$6.10
Diluted net income per share attributable to Vail Resorts, Inc.$4.12$7.53$6.09
Cash dividends declared per share$8.88$8.88$8.56

Compare Vail Resorts with another company

Corporate structure

Vail Resorts sits at the top of its group. 199 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Vail Resorts

  • Vail Resorts Broomfield, Colorado, United States
    • Vail Holdings, Inc. Subsidiary · 100% · Broomfield, Colorado, United States
    • 1016563 B.C. Ltd. Subsidiary · British Columbia, Canada
    • 1089881 B.C. Ltd. Subsidiary · British Columbia, Canada
    • 17402 HIDDEN VALLEY, LLC Subsidiary · Missouri, United States
    • 2006 CIMARRON, LLC Subsidiary · Colorado, United States
    • AFFINITY SNOWSPORTS INC. Subsidiary · British Columbia, Canada
    • ALL MEDIA ASSOCIATES, INC. Subsidiary · California, United States
    • ALL MEDIA HOLDINGS, INC. Subsidiary · Colorado, United States
    • ANDERMATT SEDRUN DISENTIS MARKETING AG Subsidiary · Switzerland
    • ANDERMATT SEDRUN SPORT A.G. Subsidiary · Switzerland
    • AQUIA PTY LTD Subsidiary · Australia
    • ARRABELLE AT VAIL SQUARE, LLC Subsidiary · Colorado, United States
    • AUSTRALIAN ALPINE ENTERPRISES HOLDINGS PTY LTD Subsidiary · Australia
    • AUSTRALIAN ALPINE ENTERPRISES PTY LTD Subsidiary · Australia
    • AUSTRALIAN ALPINE RESERVATION CENTRES PTY LTD Subsidiary · Australia
    • BBJFLQ, INC. Subsidiary · Pennsylvania, United States
    • BCRP, INC. Subsidiary · Delaware, United States
    • BEAVER CREEK ASSOCIATES, INC. Subsidiary · Colorado, United States
    • BEAVER CREEK FOOD SERVICES, INC. Subsidiary · Colorado, United States
    • BLACK DIAMOND INSURANCE, INC. Subsidiary · Arizona, United States
    • BLACKCOMB MOUNTAIN DEVELOPMENT LTD. Subsidiary · British Columbia, Canada
    • BLACKCOMB SKIING ENTERPRISES LIMITED PARTNERSHIP Subsidiary · British Columbia, Canada
    • BLACKCOMB SKIING ENTERPRISES LTD. Subsidiary · British Columbia, Canada
    • BLC OPERATORS, INC. Subsidiary · Pennsylvania, United States
    • BOOTH CREEK SKI HOLDINGS, INC. Subsidiary · Delaware, United States
    • and 173 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Vail Resorts reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$1.8B6 Jul 31, 2026$1.7B6 Jul 31, 2025+4.0%
Machinery and equipment$2.2B6 Jul 31, 2026$2.1B6 Jul 31, 2025+5.2%
Furniture and fixtures$370.9M6 Jul 31, 2026$349.9M6 Jul 31, 2025+6.0%
Computer equipment and software$226.2M6 Jul 31, 2026$190.0M6 Jul 31, 2025+19.1%
Construction in progress$97.1M6 Jul 31, 2026$114.4M6 Jul 31, 2025−15.1%
Property and equipment, before depreciation$5.6B6 Jul 31, 2026$5.4B6 Jul 31, 2025+4.2%
Accumulated depreciation$3.3B6 Jul 31, 2026$3.0B6 Jul 31, 2025+8.7%
Property and equipment, net$2.3B6 Jul 31, 2026$2.4B6 Jul 31, 2025−1.5%
Operating-lease assets (leased space)$221.9M6 Jul 31, 2026$242.5M6 Jul 31, 2025−8.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$231.3M6 Jul 31, 2026$440.3M6 Jul 31, 2025−47.5%
Marketable securities, current$37.1M6 Jul 31, 2026$06 Jul 31, 2025
Deposits held (banks)$42.8M6 Jul 31, 2026$42.3M6 Jul 31, 2025+1.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.7B6 Jul 31, 2026$1.7B6 Jul 31, 2025−0.1%
Intangible assets, net (excluding goodwill)$293.6M6 Jul 31, 2026$298.5M6 Jul 31, 2025−1.6%
Indefinite-lived intangibles (excluding goodwill)$276.2M6 Jul 31, 2026$277.1M6 Jul 31, 2025−0.3%
Trademarks and trade names (indefinite-lived)$235.2M6 Jul 31, 2026$236.0M6 Jul 31, 2025−0.3%
Finite-lived intangibles, gross$109.0M6 Jul 31, 2026$109.1M6 Jul 31, 2025−0.1%
Accumulated amortization$67.1M6 Jul 31, 2026$63.0M6 Jul 31, 2025+6.5%
Finite-lived intangibles, net$41.9M6 Jul 31, 2026$46.1M6 Jul 31, 2025−9.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$134.6M6 Jul 31, 2026$117.2M6 Jul 31, 2025+14.9%

Properties, in its own words

The following table sets forth the principal properties that we own or lease for use in our operations:

Afton Alps, MN · Owned · Ski resort operations, including ski lifts, ski trails, clubhouse, buildings, commercial space and other improvements

The rest of Item 2

Alpine Valley Resort, OH · Owned · Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings, commercial space and other improvements

Andermatt Ski Resort, Switzerland · Owned · Ski resort operations, including ski lifts, ski trails, buildings, commercial space and other improvements, and dining facilities

Andermatt Ski Resort, Switzerland · Leased · Ski resort operations, including buildings, commercial space, parking and other improvements, dining facilities and employee housing

Andermatt Ski Resort, Switzerland · Easement · Ski resort operations, including third party land use rights, and dining facilities

Andermatt Ski Resort, Switzerland · Concession contract · Ski resort operations, including third party land use rights

Arrowhead Mountain, CO · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space

Attitash Mountain, NH · Owned · Ski resort operations, including ski lifts, ski trails, buildings, commercial space and other improvements

Attitash Mountain, NH (279 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

BC Housing RiverEdge, CO · 26% Owned · Employee housing facilities

Bachelor Gulch Village, CO · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space

Beaver Creek Resort, CO · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management, commercial space and real estate held for sale or development

Beaver Creek Mountain, CO (3,801 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

Beaver Creek Mountain Resort, CO · Owned · Golf course, clubhouse, commercial space and residential condominium units

Big Boulder Mountain, PA · Owned · Ski trails, ski lifts, buildings and other improvements

Boston Mills, OH · Owned · Ski trails, ski lifts, buildings and other improvements

Brandywine, OH · Owned · Ski trails, ski lifts, buildings and other improvements

Breckenridge Ski Resort, CO · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management, commercial space and real estate held for sale or development

Breckenridge Mountain, CO (5,702 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

Breckenridge Terrace, CO · 50% Owned · Employee housing facilities

Broomfield, CO · Leased · Corporate offices

Colter Bay Village, WY · Concession contract · Lodging and dining facilities

Crans-Montana Mountain Resort, Switzerland · 84% Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space

Crans-Montana Mountain Resort, Switzerland · Owned · Ski resort operations, including ski school and dining operations

Crested Butte Mountain Resort, CO · Owned · Buildings, other improvements and land used for operation of Crested Butte Mountain Resort

Crested Butte Mountain Resort, CO (4,350 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

Crotched Mountain, NH · Owned · Ski trails, ski lifts, buildings and other improvements

Eagle-Vail, CO · Owned · Warehouse facility

Edwards, CO · Leased · Administrative offices

Falls Creek Alpine Resort, Victoria, Australia (1,112 acres) · Leased · Ski resort operations, including ski lifts, ski trails, buildings and other improvements

Headwaters Lodge & Cabins at Flagg Ranch, WY · Concession contract · Lodging and dining facilities

Heavenly Mountain Resort, CA & NV · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements and commercial space

Heavenly Mountain, CA & NV (7,050 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

Hidden Valley Resort, MO · Owned · Ski trails, ski lifts, buildings and other improvements

Hidden Valley Resort, PA · Owned · Ski trails, ski lifts, buildings and other improvements

Hotham Alpine Resort, Victoria, Australia (791 acres) · Leased · Ski resort operations, including ski lifts, ski trails, buildings and other improvements

Hunter Mountain, NY · Owned · Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings, commercial space and other improvements.

Jack Frost Ski Resort, PA · Owned · Ski trails, ski lifts, buildings and other improvements

Jackson Hole Golf & Tennis Club, WY · Owned · Golf course, clubhouse, tennis and dining facilities

Jackson Lake Lodge, WY · Concession contract · Lodging, dining and conference facilities

Jenny Lake Lodge, WY · Concession contract · Lodging and dining facilities

Keystone Conference Center, CO · Owned · Conference facility

Keystone Lodge, CO · Owned · Lodging, spa, dining and conference facilities

Keystone Resort, CO · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements, commercial space, property management, dining and real estate held for sale or development

Keystone Mountain, CO (8,376 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

Keystone Ranch, CO · Owned · Golf course, clubhouse and dining facilities

Kirkwood Mountain Resort, CA · Owned · Ski resort operations, including ski lifts, ski trails, buildings and other improvements, property management and commercial space

Kirkwood Mountain, CA (2,330 acres) · SUP · Ski trails, ski lifts, buildings and other improvements

Laurel Mountain, PA · Leased · Ski trails, ski lifts, buildings and other improvements

Liberty Mountain Resort, PA · Owned · Ski resort operations, including ski lifts, ski trails, golf course, clubhouse, buildings and other improvements

Item 2 of the 10-K filed Sep 28, 2026.19

The story

Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert and Earl Eaton in the early 1960s. Eaton, a lifelong resident, led Seibert (a former WWII 10th Mountain Division ski trooper) to the area in March 1957. They both became ski patrol guides at Aspen, Colorado, when they shared their dream of finding the "next great ski mountain." Seibert set off to secure financing, and Eaton engineered the early lifts. Their Vail ski resort opened in 1962. George N. Gillett Jr. purchased Vail Associates in 1985, but the company veered toward bankruptcy by 1991.

In 1992 Vail Associates was acquired by Apollo Ski Partners, a new arm of the private equity firm Apollo Global Management led by billionaire Leon Black. The new ownership led Vail Resorts public in 1997.

In 1996, Vail Resorts completed its first major acquisition with a $310 million purchase of Ralston Resorts, the owner of Keystone, Breckenridge, and Arapahoe Basin. This led to antitrust concerns, and Vail Resorts ultimately sold Arapahoe Basin to a third party due to a ruling from the Department of Justice.

In 2001, Vail Resorts acquired the hotel chain RockResorts.

Rob Katz, a former executive at Apollo, ran Vail Resorts as CEO until November 2021, when he was appointed executive chairperson of the board. Kirsten Lynch, the company's former chief marketing officer, then took over as CEO.

In June 2024, Vail Resorts reported lower-than-expected revenue during the February–April quarter due to a significantly warmer-than-anticipated winter across western North American resorts, with snowfall 28% lower than average. The company generated $1.28 billion in revenue during the quarter despite the stabilizing effect of its Epic Pass program, which allows customers to purchase a season pass for its North American resorts at a significant upfront cost. However, Vail's stock price has declined by 50% since its October 2021 peak of $360.

Declining sales and visitation (2024–2025)

In the 2024–25 season the company reported that in North America it sold 2% fewer Epic passes than the year prior, which is the first decline in pass sales the company has ever reported. The company attributed the decline to travel "normalization" after COVID and poor snowfall in some areas.

Visitation at Vail's North American resorts in the 2025 ski season, throughout February, March and April, were down by 7% year-over-year.

Read the full text

The outlook for the 2025–26 season is also lower. In early June the company announced fewer pass sales for the upcoming season compared to 2024–25.

In May 2025, CEO Kirsten Lynch resigned after the company had lost over half of its value during her tenure from 2021–2025. Robert Katz, who was formerly CEO for 16 years, returned to the leadership role.

From Wikipedia’s article on Vail Resorts, shared under CC BY-SA 4.0.8

Leadership

Who has led Vail Resorts, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Adam Aron2006
  2. Robert A. Katz2006–2022
  3. Kirsten A. Lynch2022–2024

Chair

  1. Robert A. Katz2009–now

President

  1. Keith Fernandez2006–2009
  2. Blaise Carrig2010–2015
  3. John Mcd Garnsey2010–2011
  4. Patricia A. Campbell2015–2020
  5. James C. O'Donnell2022

Chief financial officer

  1. Michael Z. Barkin2013–2022
  2. Angela A. Korch2023–now

Chief operating officer

  1. Roger Dudley McCarthy2006–2007
  2. Blaise Carrig2006–2009
  3. Keith Fernandez2006–2009
  4. John Mcd Garnsey2006–2009
  5. Stanley D. Brown2007–2008
  6. Paul Toner2009–2011
197019801990200020102020
Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • 1016563 B.C. Ltd. British Columbia9
  • 1089881 B.C. Ltd. British Columbia9
  • 17402 HIDDEN VALLEY, LLC Missouri9
  • 2006 CIMARRON, LLC Colorado9
  • AFFINITY SNOWSPORTS INC. British Columbia9
  • ALL MEDIA ASSOCIATES, INC. California9
  • ALL MEDIA HOLDINGS, INC. Colorado9
  • ANDERMATT SEDRUN DISENTIS MARKETING AG Switzerland9
  • ANDERMATT SEDRUN SPORT A.G. Switzerland9
  • AQUIA PTY LTD Australia9
  • ARRABELLE AT VAIL SQUARE, LLC Colorado9
  • AUSTRALIAN ALPINE ENTERPRISES HOLDINGS PTY LTD Australia9
  • AUSTRALIAN ALPINE ENTERPRISES PTY LTD Australia9
  • AUSTRALIAN ALPINE RESERVATION CENTRES PTY LTD Australia9
  • BBJFLQ, INC. Pennsylvania9
  • BCRP, INC. Delaware9
  • BEAVER CREEK ASSOCIATES, INC. Colorado9
  • BEAVER CREEK FOOD SERVICES, INC. Colorado9
  • BLACK DIAMOND INSURANCE, INC. Arizona9
  • BLACKCOMB MOUNTAIN DEVELOPMENT LTD. British Columbia9
  • BLACKCOMB SKIING ENTERPRISES LIMITED PARTNERSHIP British Columbia9
  • BLACKCOMB SKIING ENTERPRISES LTD. British Columbia9
  • BLC OPERATORS, INC. Pennsylvania9
  • BOOTH CREEK SKI HOLDINGS, INC. Delaware9
All 198 listed subsidiaries
  • BOSTON MILLS SKI RESORT, INC. Ohio9
  • BOULDER VIEW TAVERN, INC. Pennsylvania9
  • BRANDYWINE SKI RESORT, INC. Ohio9
  • BRECKENRIDGE HOTEL MANAGEMENT COMPANY, LLC Delaware9
  • BRECKENRIDGE RESORT PROPERTIES, INC. Colorado9
  • BRECKENRIDGE TERRACE, LLC Colorado9
  • CARINTHIA GROUP 1, LP Vermont9
  • CARINTHIA GROUP 2, LP Vermont9
  • CARINTHIA RESIDENTIAL PHASE 1, LP Vermont9
  • CARINTHIA SKI LODGE LLC Vermont9
  • CB COMMERCIAL PROPERTIES ‘07, LLC Colorado9
  • COLORADO MOUNTAIN EXPRESS, INC. Colorado9
  • COLTER BAY CONVENIENCE STORE, LLC Wyoming9
  • COLTER BAY GENERAL STORE, LLC Wyoming9
  • CRANS-MONTANA FOOD AND BEVERAGE SA Switzerland9
  • CRESTED BUTTE, LLC Colorado9
  • CROTCHED MOUNTAIN PROPERTIES, LLC New Hampshire9
  • CRYSTAL PEAK LODGE OF BRECKENRIDGE, INC. Colorado9
  • DELTRECS, INC. Ohio9
  • DTPC, LLC Delaware9
  • EPIC SHOP, LLC Delaware9
  • EVER VAIL, LLC Colorado9
  • FALLS CREEK SKI LIFTS PTY LTD Australia9
  • FIRST CHAIR HOUSING TRUSTEE, LLC Colorado9
  • FLAGG RANCH COMPANY Colorado9
  • FOREST RIDGE HOLDINGS, INC. Colorado9
  • FROSTY LAND, INC. New York9
  • GARIBALDI LIFTS LTD. British Columbia9
  • GILLETT BROADCASTING, INC. Delaware9
  • GORE CREEK PLACE, LLC Colorado9
  • GRAND TETON LODGE COMPANY Wyoming9
  • GREAT NORTH REGIONAL CENTER, LLC Vermont9
  • GREATER PARK CITY COMPANY Utah9
  • GREATER PROPERTIES, INC. Delaware9
  • GROS VENTRE UTILITY COMPANY Wyoming9
  • HEAVENLY VALLEY, LIMITED PARTNERSHIP Nevada9
  • HIDDEN VALLEY GOLF AND SKI, INC. Missouri9
  • HPK, LLC Delaware9
  • HUNKIDORI LAND COMPANY, LLC Colorado9
  • HUNTER MOUNTAIN ACQUISITION, INC. Missouri9
  • HUNTER MOUNTAIN BASE LODGE, INC. New York9
  • HUNTER MOUNTAIN FESTIVALS, LTD. New York9
  • HUNTER MOUNTAIN RENTALS, LTD. New York9
  • HUNTER MOUNTAIN SKI BOWL, INC. New York9
  • HUNTER RESORT VACATIONS, INC. New York9
  • HVLP KIRKWOOD SERVICES, LLC California9
  • JACKSON HOLE GOLF AND TENNIS CLUB, INC. Wyoming9
  • JACKSON LAKE LODGE CORPORATION Wyoming9
  • JENNY LAKE LODGE, INC. Wyoming9
  • JENNY LAKE STORE, LLC Wyoming9
  • JFBB LQ, INC. Pennsylvania9
  • JFBB SKI AREAS, INC. Missouri9
  • KEYSTONE CONFERENCE SERVICES, INC. Colorado9
  • KEYSTONE DEVELOPMENT SALES, INC. Colorado9
  • KEYSTONE FOOD & BEVERAGE COMPANY Colorado9
  • KEYSTONE RANCH WATER COMPANY Colorado9
  • KEYSTONE RESORT PROPERTY MANAGEMENT COMPANY Colorado9
  • KEYSTONE/INTRAWEST REAL ESTATE, LLC Colorado9
  • KEYSTONE/INTRAWEST, LLC Delaware9
  • LAKE TAHOE LODGING COMPANY Colorado9
  • LBO HOLDING, INC. Maine9
  • LODGE PROPERTIES, INC. Colorado9
  • MAD RIVER MOUNTAIN, INC. Missouri9
  • MHSC DP PTY LTD Australia9
  • MHSC HOTELS PTY LTD Australia9
  • MHSC PROPERTIES PTY LTD Australia9
  • MHSC TRANSPORTATION SERVICES PTY LTD Australia9
  • MOUNT HOTHAM MANAGEMENT AND RESERVATION PTY LTD Australia9
  • MOUNT HOTHAM SKIING COMPANY PTY LTD Australia9
  • MOUNT SNOW DEVELOP AND BUILD LLC Vermont9
  • MOUNT SNOW GP SERVICES, LLC Vermont9
  • MOUNT SNOW LTD. Vermont9
  • MT CB REAL ESTATE, LLC Colorado9
  • NATIONAL PARK HOSPITALITY COMPANY Colorado9
  • NORTHSTAR GROUP COMMERCIAL PROPERTIES, LLC Delaware9
  • NORTHSTAR GROUP RESTAURANT PROPERTIES, LLC Delaware9
  • OKEMO LIMITED LIABILITY COMPANY Vermont9
  • OKEMO MOUNTAIN FOOD AND BEVERAGE, INC. Vermont9
  • ONE RIVER RUN, LLC Colorado9
  • ONE SKI HILL PLACE, LLC Colorado9
  • PAOLI PEAKS, INC. Missouri9
  • PARK PROPERTIES, INC. Delaware9
  • PEAK RESORTS, INC. Missouri9
  • PEAK TO CREEK HOLDINGS CORP. British Columbia9
  • PEAK TO CREEK LODGING COMPANY LTD. British Columbia9
  • PERISHER BLUE PTY LIMITED Australia9
  • PROPERTY MANAGEMENT ACQUISITION CORP., INC. Colorado9
  • RCR VAIL, LLC Colorado9
  • REMONTÉES MÉCANIQUES CRANS MONTANA AMINONA SA Switzerland9
  • ROCKRESORTS ARRABELLE, LLC Colorado9
  • ROCKRESORTS COSTA RICA S.R.L. Costa Rica9
  • ROCKRESORTS DR, LLC Delaware9
  • ROCKRESORTS INTERNATIONAL MANAGEMENT COMPANY Colorado9
  • ROCKRESORTS INTERNATIONAL, LLC Delaware9
  • ROCKRESORTS JAMAICA LIMITED Jamaica9
  • ROCKRESORTS SKI TIP, LLC Delaware9
  • ROCKRESORTS, LLC Delaware9
  • SKI LIBERTY OPERATING CORP. Pennsylvania9
  • SKI ROUNDTOP OPERATING CORP. Pennsylvania9
  • SLIFER SMITH & FRAMPTON/VAIL ASSOCIATES REAL ESTATE, LLC Colorado9
  • SNH DEVELOPMENT, INC. Missouri9
  • SNOW CREEK, INC. Missouri9
  • SNOW TIME ACQUISITION, INC. Missouri9
  • SNOW TIME, INC. Delaware9
  • SNOW TRUST Australia9
  • SOHO DEVELOPMENT, LLC. Colorado9
  • SSI VENTURE, INC. Utah9
  • SSI VENTURE, INC. (cont.) Utah9
  • SSV HOLDINGS, INC. Colorado9
  • SSV ONLINE HOLDINGS, INC. Colorado9
  • SSV ONLINE LLC Wisconsin9
  • STAGECOACH DEVELOPMENT, LLC Nevada9
  • STAMPEDE CANTEEN, LLC Wyoming9
  • SUMMIT SKI LIMITED British Columbia9
  • SYCAMORE LAKE, INC. Ohio9
  • TCRM COMPANY Delaware9
  • TENDERFOOT SEASONAL HOUSING, LLC Colorado9
  • THE CANYONS GOLF CLUB, LLC Utah9
  • THE CHALETS AT THE LODGE AT VAIL, LLC Colorado9
  • THE GAME CREEK CLUB Colorado9
  • THE SUNAPEE DIFFERENCE LLC New Hampshire9
  • THE VAIL CORPORATION Colorado9
  • THE VILLAGE AT BRECKENRIDGE ACQUISITION CORP., INC. Colorado9
  • TRIMONT LAND COMPANY California9
  • TRIPLE PEAKS LLC Colorado9
  • VAIL ASSOCIATES HOLDINGS, LTD. Colorado9
  • VAIL ASSOCIATES INVESTMENTS, INC. Colorado9
  • VAIL ASSOCIATES REAL ESTATE, INC. Colorado9
  • VAIL ASSOCIATES SCHOLARSHIP PROGRAM Colorado9
  • VAIL FOOD SERVICES, INC. Colorado9
  • VAIL HOLDINGS FINANCE B.V. Netherlands9
  • VAIL HOLDINGS, INC. Colorado9
  • VAIL HOLDINGS, INC. (cont.) Colorado9
  • VAIL HOTEL MANAGEMENT COMPANY, LLC Colorado9
  • VAIL RESORTS DEVELOPMENT COMPANY Colorado9
  • VAIL RESORTS LODGING COMPANY, INC. Delaware9
  • VAIL RR, INC. Colorado9
  • VAIL SUMMIT RESORTS, INC. Colorado9
  • VAIL TRADEMARKS, INC. Colorado9
  • VAIL/ARROWHEAD, INC. Colorado9
  • VAIL/BEAVER CREEK RESORT PROPERTIES, INC. Colorado9
  • VAMHC, INC. Colorado9
  • VR ACQUISITION, INC. California9
  • VR AUSTRALIA HOLDINGS PTY LTD Australia9
  • VR CPC HOLDINGS, INC. Delaware9
  • VR CPC SERVICES, LLC Delaware9
  • VR HEAVENLY CONCESSIONS, INC. California9
  • VR HEAVENLY I, INC. Colorado9
  • VR HEAVENLY II, INC. Colorado9
  • VR HOLDINGS, INC. Colorado9
  • VR NE HOLDINGS, LLC Delaware9
  • VR NW HOLDINGS, INC. Delaware9
  • VR PA HOLDINGS, INC. Pennsylvania9
  • VR US HOLDINGS II, LLC Delaware9
  • VR US HOLDINGS II, LLC (cont.) Delaware9
  • VR US HOLDINGS, INC. Delaware9
  • VR WM HOLDINGS, LLC Delaware9
  • VRSS HOLDINGS, LLC Delaware9
  • VRV AUSTRALIA PTY LTD Australia9
  • WB LAND (CREEKSIDE SNOW SCHOOL) INC. British Columbia9
  • WB LAND INC. British Columbia9
  • WB/T DEVELOPMENT LTD. British Columbia9
  • WC ACQUISITION CORP. New Hampshire9
  • WEST LAKE WATER PROJECT, LLC Vermont9
  • WHISTLER & BLACKCOMB MOUNTAIN RESORTS LIMITED British Columbia9
  • WHISTLER ALPINE CLUB INC. British Columbia9
  • WHISTLER BLACKCOMB EMPLOYMENT CORP. British Columbia9
  • WHISTLER BLACKCOMB GENERAL PARTNER LTD. British Columbia9
  • WHISTLER BLACKCOMB HOLDINGS INC. (f/k/a 1068877 BC Ltd.) British Columbia9
  • WHISTLER HELI-SKIING LTD. British Columbia9
  • WHISTLER MOUNTAIN RESORT LIMITED PARTNERSHIP British Columbia9
  • WHISTLER SKI SCHOOL LTD. British Columbia9
  • WHISTLER/BLACKCOMB MOUNTAIN EMPLOYEE HOUSING LTD. British Columbia9
  • WHITETAIL MOUNTAIN OPERATING CORP. Pennsylvania9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • GILLETT HOLDINGS INCMay 15, 1996 to Jun 6, 19967

Timeline

  1. Sep 28, 20268-K Results of operations72
  2. Sep 2, 20268-K Executive or director change73
  3. Jul 30, 20268-K Executive or director change74
  4. Jun 24, 20268-K Regulation FD disclosure75
  5. Jun 8, 20268-K Results of operations76
  6. Apr 23, 20268-K Regulation FD disclosure77
  7. Mar 17, 20268-K Regulation FD disclosure78
  8. Mar 9, 20268-K Results of operations79
  9. Feb 12, 20268-K Entered a material agreement; New debt or obligation80
  10. Jan 15, 20268-K Regulation FD disclosure81
  11. Dec 10, 20258-K Results of operations82
  12. Dec 10, 20258-K Shareholder vote83
  13. Sep 27, 2022New chief executive Kirsten A. Lynch becomes CEO20
  14. Mar 2, 2006New chief executive Robert A. Katz becomes CEO22
  15. Jan 4, 2006New chief executive Adam Aron becomes CEO21
  16. 1962Founded Founded1

Calendar

Coming up

  1. Dec 9, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported ($5.20) a share, on Dec 10, 2025.84

When it reported results

  1. Sep 28, 2026Reported quarterly or annual results72
  2. Jun 8, 2026Reported quarterly or annual results76
  3. Mar 9, 2026Reported quarterly or annual results79
  4. Dec 10, 2025Reported quarterly or annual results82
  5. Sep 29, 2025Reported quarterly or annual results85
  6. Jun 5, 2025Reported quarterly or annual results86
  7. Mar 10, 2025Reported quarterly or annual results87
  8. Dec 9, 2024Reported quarterly or annual results88

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

362 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 66 major events, 210 insider forms, 44 large holders, 22 other. The latest 20:

  1. Oct 13, 2026PREC14A EDGAR
  2. Oct 7, 20264 EDGAR
  3. Oct 7, 20264 EDGAR
  4. Oct 7, 20264 EDGAR
  5. Oct 7, 20264 EDGAR
  6. Oct 7, 20264 EDGAR
  7. Oct 7, 20264 EDGAR
  8. Oct 7, 20264 EDGAR
  9. Oct 7, 20264 EDGAR
  10. Oct 7, 20264 EDGAR
  11. Oct 7, 20264 EDGAR
  12. Oct 7, 20264 EDGAR
  13. Oct 7, 20264 EDGAR
  14. Oct 7, 20264 EDGAR
  15. Oct 7, 20264 EDGAR
  16. Oct 7, 20264 EDGAR
  17. Oct 7, 20264 EDGAR
  18. Oct 1, 20264 EDGAR
  19. Oct 1, 20264 EDGAR
  20. Oct 1, 20264 EDGAR

The 362 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 7 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 16, 2026Korch Angela AEVP & Chief Financial OfficerBuy190$131.85$25.1KForm 4
Mar 16, 2026KATZ ROBERT ACEO & Chairperson of the BoardBuy37,500$131.81$4.9MForm 4
Oct 7, 2025Korch Angela AEVP & Chief Financial OfficerBuy210$155.00$32.5KForm 4
Jun 20, 2025Korch Angela AEVP & Chief Financial OfficerBuy200$157.00$31.4KForm 4
Mar 13, 2025Korch Angela AEVP & Chief Financial OfficerBuy185$160.00$29.6KForm 4
Dec 16, 2024Vaughn Peter ADirectorSale1,000$192.00$192.0KForm 4
Oct 3, 2024Korch Angela AEVP & Chief Financial OfficerBuy165$173.10$28.6KForm 4
Oct 2, 2024KATZ ROBERT ACEO & Chairperson of the BoardSale9,296$175.98$1.6MForm 4
Oct 2, 2024SORTE JOHN FDirectorSale1,670$173.07$289.0KForm 4
Jun 10, 2024Korch Angela AEVP & Chief Financial OfficerBuy575$176.20$101.3KForm 4
Mar 13, 2024Vaughn Peter ADirectorSale1,000$222.77$222.8KForm 4
Mar 13, 2024Vaughn Peter ADirectorSale1,000$222.77$222.8KForm 4
Dec 20, 2023SCHNEIDER HILARYDirectorSale2,565$226.40$580.7KForm 4
Dec 12, 2022Barkin Michael ZEVP & Chief Financial OfficerSale6,891$258.92$1.8MForm 4
Dec 16, 2021SCHNEIDER HILARYDirectorSale4,000$318.22$1.3MForm 4
Dec 13, 2021KATZ ROBERT ACEO & Chairperson of the BoardSale98,209$330.60$32.5MForm 4
Dec 13, 2021Barkin Michael ZEVP & Chief Financial OfficerSale1,836$335.35$615.7KForm 4
Dec 13, 2021SORTE JOHN FDirectorSale1,832$338.66$620.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Kirsten A. LynchFormer Chief Executive Officer$1.1M$9.5M99
2025Robert A. KatzChairperson of the Board and Chief Executive Officer58$1.1M$4.0M99
2025Angela A. KorchExecutive Vice President and Chief Financial Officer46$607.2K$2.6M99
2025Lynanne KunkelExecutive Vice President, Chief Human Resources Officer & Chief Transformation Officer58$566.4K$2.3M99
2025William C. RockPresident - Mountain Division60$555.2K$2.1M99
2025Julie A. DeCeccoExecutive Vice President, General Counsel and Chief Public Affairs Officer53$549.2K$1.5M99
2024Kirsten A. LynchFormer Chief Executive Officer$1.1M$6.3M99
2024Robert A. KatzChairperson of the Board and Chief Executive Officer58$1.1M$2.2M99
2024Angela A. KorchExecutive Vice President and Chief Financial Officer46$583.8K$2.2M99
2024William C. RockPresident - Mountain Division60$512.7K$1.7M99
2023Kirsten A. LynchFormer Chief Executive Officer$1.1M$6.2M99
2023Robert A. KatzChairperson of the Board and Chief Executive Officer58$1.1M$2.1M99
2023Angela A. KorchExecutive Vice President and Chief Financial Officer46$323.7K$1.4M99

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bamco Inc /ny/6,536,697$890.0M1.3%+1,493,164
Capital World Investors4,355,882$593.1M0.1%−70,247
Capital International Investors3,820,106$520.1M0.1%−192,996
BlackRock, Inc.3,413,234$464.7M0.0%+36,803
Oasis Management Co Ltd.2,329,018$317.1M36.9%+240,622
Geode Capital Management, LLC1,731,537$236.1M0.0%+44,536
Vanguard Portfolio Management LLC1,699,568$231.4M0.0%+8,395
Vanguard Capital Management LLC1,603,278$218.3M0.0%−2,093
UBS Group AG1,506,153$205.1M0.0%+784,875
First Pacific Advisors, LP1,304,959$177.7M2.2%+128,609
Charles Schwab Investment Management Inc1,299,918$177.0M0.0%+106,832
Fmr LLC1,182,076$160.9M0.0%−18,581
State Street Corp1,136,937$157.3M0.0%+33,327
Manufacturers Life Insurance Company, The965,246$131.4M0.1%−11,486
Harris Associates L P764,385$104.1M0.1%+18,827
HighTower Advisors, LLC712,430$97.0M0.1%+131,898
Dimensional Fund Advisors LP666,756$90.8M0.0%+17,842
Morgan Stanley495,212$67.4M0.0%−276,215
River Road Asset Management, LLC494,437$67.3M0.7%−9,557
Northern Trust Corp479,018$65.2M0.0%+58,019
Corient Private Wealth LP406,964$55.4M0.1%−4,872
Epoch Investment Partners, Inc.398,151$54.2M0.3%+10,697
Bank of New York Mellon Corp365,398$49.7M0.0%−1,370
Goldman Sachs Group Inc351,168$47.8M0.0%+301,096
Cramer Rosenthal Mcglynn LLC271,836$37.0M1.9%+68,928

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 10, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$15,001 - $50,000+6.2%Report
Feb 25, 2020Susie LeeDemocratic, HouseSale$1,001 - $15,000+180.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Vail Resorts is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVAIL RESORTS INC2
  • CIK0000812011
  • Employer ID (EIN)51-029176219
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsJuly 312
  • Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address390 Interlocken Crescent, Suite 1000, Broomfield, CO 800212
  • Phone303-404-18002
  • Shares outstanding35,635,298 shares as of Sep 23, 202619
  • Public float$4.7B as of Jan 31, 202619
  • AuditorPricewaterhouseCoopers LLP, Denver, Colorado PCAOB ID 238; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceMay 15, 19962
  • Filings1,900 in all: 4 (960), 8-K (283), SC 13G/A (131), 10-Q (91), 3 (75), SC 13G (38), SC 13D/A (33), 10-K (29)2
    All 51 form types

    DEF 14A (29), 4/A (26), 5 (26), DEFA14A (23), UPLOAD (19), CORRESP (16), ARS (13), SCHEDULE 13G/A (12), 11-K (8), 424B3 (8), S-8 (8), S-8 POS (6), 144 (5), 8-K/A (5), 10-Q/A (4), S-2/A (4), S-4 (4), 10-K/A (3), NO ACT (3), S-3 (3), S-3/A (3), SCHEDULE 13G (3), 10-K405 (2), 3/A (2), NT 11-K (2), POS AM (2), S-3ASR (2), S-4/A (2), SC 13D (2), SCHEDULE 13D/A (2), 15-15D (1), 424B1 (1), 424B4 (1), 424B5 (1), 8-A12B (1), DFAN14A (1), EFFECT (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), PREC14A (1), S-2 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Sep 28, 2026
    Quarterly report (10-Q) Jun 8, 2026
    Proxy statement (DEF 14A) Oct 30, 2025
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueMTNNew York Stock Exchange

From the cover page of the 10-K filed Sep 28, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Vail Resorts names in Item 1A of its 10-K filed Sep 28, 2026: 34 risks under these headings, as written.19

  • Risks Related to Our Business
  • We are subject to the risk of prolonged weakness in general market and macroeconomic conditions including adverse effects on the overall travel and leisure related industries.
  • We may be adversely impacted by the effects of high or prolonged inflation and elevated interest rates.
  • We are vulnerable to unfavorable weather conditions and the impact of natural disasters.
  • We are increasingly incorporating AI technologies into our business operations, which creates new and evolving risks that could adversely affect our business and reputation.
  • Our Epic Coverage program may require us to provide significant refunds to our pass product holders, which would result in reduced revenue and could also expose us to the risk of customer complaints and negative perception about our pass products.
  • Leisure travel is particularly susceptible to various factors outside of our control, including terrorism, the uncertainty of military and geopolitical conflicts, the cost and availability of travel options and changing consumer preferences or willingness to travel.
  • Pandemics and public health emergencies could materially disrupt our business and negatively impact our results of operations, cash flows and financial condition.
  • Cyberattacks or other interruptions to or disruption of our information technology systems and services could disrupt our business.
  • Failure to maintain the integrity and security of our internal, employee or guest data could result in damages to our reputation and subject us to costs, fines or lawsuits.
  • Our business is highly seasonal.
  • We face significant competition.
The other 23 risks
  • The high fixed cost structure of mountain resort operations can result in significantly lower margins if revenues decline.
  • We may not be able to fund capital expenditures, accurately identify the need for, or anticipate the timing of certain capital expenditures, which may adversely impact our business.
  • A disruption in our water supply would impact our snowmaking capabilities and operations.
  • We rely on various government permits and landlord approvals at our U.S. resorts.
  • We rely on foreign government leases and landlord approvals, and are subject to certain related laws and regulations, at our international resorts.
  • We may not realize the anticipated benefits of our RET plan, and our efforts to improve organizational effectiveness — including through outsourcing, global shared services, and the increasing use of artificial intelligence and other technologies — may disrupt our operations and adversely affect our business.
  • We are subject to extensive environmental and health and safety laws and regulations in the ordinary course of business.
  • Changes in information security and privacy laws and regulations could increase our operating costs, increase our exposure to fines and litigation, and adversely affect our ability to market our products, properties and services effectively.
  • We rely on information technology to operate our businesses and maintain our competitiveness, and any failure to adapt to technological developments or industry trends, including the usage of AI technologies, could harm our business or competitive position.
  • We may not be able to hire, train, reward and retain adequate team members and determine and maintain adequate staffing, including our seasonal workforce, which may impact labor costs and our ability to achieve our operating, growth and financial objectives.
  • Our business depends on the quality and reputation of our brands, and any deterioration in the quality or reputation of these brands, including as a result of misappropriation of our intellectual property or the risk of accidents occurring at our mountain resorts or competing mountain resorts, may reduce visitation and negatively impact our operations.
  • Increased scrutiny and changing expectations from investors, consumers, employees, regulators and others regarding our sustainability practices and reporting could cause us to incur additional costs, devote additional resources and expose us to additional risks, which could adversely impact our reputation, guest attraction, access to capital and employee recruitment and retention.
  • Our acquisitions might not be successful.
  • We are subject to additional risks with respect to our current and potential international operations and properties.
  • We are exposed to foreign currency exchange rate fluctuations and our use of hedging instruments may not fully mitigate our exposure to these fluctuations and could adversely affect our results of operations and financial condition.
  • We are subject to tax laws and regulations in multiple jurisdictions, and changes to those laws and regulations or interpretations thereof or adverse determinations by tax authorities may adversely affect us.
  • Risks Relating to Ownership of our Common Stock
  • We cannot provide assurance that we will pay dividends, or if paid, that dividend payments will be consistent with historical levels.
  • Our indebtedness could adversely affect our financial condition and our ability to operate our business, to react to changes in the economy or our industry, to fulfill our obligations under our various notes, to pay our other debts, and could divert our cash flow from operations for debt payments.
  • We may not continue to repurchase our common stock pursuant to our share repurchase program, and any such repurchases may not enhance long-term stockholder value. Share repurchases could also increase the volatility of the price of our common stock and could diminish our cash reserves.
  • Activist stockholders could cause our business to incur significant expense, hinder execution of our business strategy and impact our stock price as a result of a threatened proxy contest or other actions.
  • General Risk Factors
  • We are subject to litigation in the ordinary course of business.
  • We are subject to complex and evolving accounting regulations and use certain estimates and judgments that may differ significantly from actual results.
  • Anti-takeover provisions affecting us could prevent or delay a change of control that is beneficial to our stockholders.

Legal proceedings

We are a party to various lawsuits arising in the ordinary course of business. We believe that we have adequate insurance coverage and/or have accrued for all estimable and probable loss contingencies for asserted and unasserted matters and that, although the ultimate outcome of such claims cannot be ascertained, current pending and threatened claims are not expected, individually or in the aggregate, to have a material adverse impact on our financial position, results of operations and cash flows. For additional information, see Notes to Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.19

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99