The following table reconciles long-term debt, net to Net Debt and the calculation of Net Debt to Total Reported EBITDA for the twelve months ended October 31, 2024.
(In thousands)
(Unaudited)
As of October 31, 2024
----------------------------------- ------------------------
Long-term debt, net $ 2,709,955
Long-term debt due within one year 57,045
----------------------------------- ------------------------
Total debt 2,767,000
Less: cash and cash equivalents 403,768
----------------------------------- ------------------------
Net debt $ 2,363,232
=================================== ========================
Net debt to Total Reported EBITDA 2.8x
=================================== ========================
The following table reconciles Real Estate Reported EBITDA to Net Real Estate Cash Flow for the three months ended October 31, 2024 and 2023.
(In thousands)
(Unaudited)
Three Months Ended October 31,
--------------------------------------
2024 2023
------------------------------------ ------------------ ------------------
Real Estate Reported EBITDA $ 15,078 $ 5,393
Non-cash Real Estate cost of sales -- 3,607
Non-cash Real Estate stock-based
compensation 61 52
Change in real estate deposits and
recovery of previously incurred
project costs/land basis less
investments in real estate (16,534) 206
------------------------------------ ------------------ ------------------
Net Real Estate Cash Flow $ (1,395) $ 9,258
==================================== ================== ==================
The following table reconciles Resort net revenue to Resort EBITDA Margin for fiscal 2025 guidance.
(In thousands)
(Unaudited)
Fiscal 2025 Guidance (2)
----------------------------- -------------------------
Resort net revenue (1) $ 3,031,000
Resort Reported EBITDA (1) $ 866,000
----------------------------- -------------------------
Resort EBITDA margin (1) 28.6 %
----------------------------- -------------------------
(1) Resort represents the sum of Mountain and Lodging
(2) Represents the mid-point of Guidance
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SOURCE Vail Resorts, Inc.
/CONTACT: Investor Relations: Jack McCarthy, (303) 404-1800, InvestorRelations@vailresorts.com; Media: Sara Olson, (303) 404-6497, News@vailresorts.com
(END) Dow Jones Newswires
December 09, 2024 16:05 ET (21:05 GMT)