Vail Flies Through the Trail: Fool by Numbers
On June 8, mountain resort operator and Motley Fool Hidden Gems pick Vail Resorts (NYSE: MTN) released third-quarter earnings for the period ended April 30.
- View Vail Resort's trail map by reading our earnings Take.
- Revenue rose by 8.2% to $369.5 million due to increases across all its business segments.
- While total skier visits to Vail's resorts dropped by 3.1%, the effective ticket price jumped by 9.3% to $47.89.
- Vail Resorts is a four-star stock in Motley Fool CAPS, our free interactive stock database, one star higher than hotel chains Marriot (NYSE: MAR) and Hilton (NYSE: HLT).
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q3 2007
|
Q3 2006
|
Change
|
|
Sales
|
$369.5
|
$341.4
|
8.2%
|
|
Net Profit
|
$78.5
|
$68.3
|
14.9%
|
|
EPS
|
$1.99
|
$1.75
|
13.7%
|
|
Diluted Shares
|
39.4
|
39.0
|
1.0%
|
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007
|
Q3 2006
|
Change*
|
|
Gross Margin
|
43.3%
|
44.0%
|
(0.6)
|
|
Operating Margin
|
36.9%
|
36.1%
|
0.8
|
|
Net Margin
|
21.3%
|
20.0%
|
1.2
|
*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets
|
Q3 2007
|
Q3 2006
|
Change
|
|
Cash + ST Invest.
|
$316.4
|
$240.1
|
31.8%
|
|
Trade Rec.
|
$35.3
|
$35.6
|
(1.0%)
|
|
Inventory
|
$42.6
|
$36.8
|
15.7%
|
|
Liabilities
|
Q3 2007
|
Q3 2006
|
Change
|
|
Accounts Payable
|
$238.0
|
$206.5
|
15.3%
|
|
Long-Term Debt
|
$575.2
|
$516.9
|
11.3%
|
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007
|
YTD 2006
|
Change
|
|
Cash From Ops.
|
$285.4
|
$177.7
|
60.6%
|
|
Capital Expenditures
|
$82.0
|
$63.7
|
28.8%
|
|
Free Cash Flow
|
$203.4
|
$114.0
|
78.4%
|
Free cash flow is a Fool's best friend.
Related Foolishness:
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
DocumentId: 529395, ~/articles/articlehandler.aspx, 7/5/2008 7:37:22 AM, No ticker
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