Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jan. 31, 2017 |
Jan. 31, 2016 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 96,110
|
$ 57,201
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
90,207
|
79,241
|
| Cost of real estate sales |
4,203
|
9,444
|
| Stock-based compensation expense |
9,151
|
8,390
|
| Deferred income taxes, net |
51,298
|
35,937
|
| Gain on sale of real property |
(6,466)
|
(1,791)
|
| Foreign exchange gains on intercompany loans |
(5,215)
|
0
|
| Other non-cash income, net |
(7,678)
|
(343)
|
| Changes in assets and liabilities: |
|
|
| Restricted cash |
(4,695)
|
6,894
|
| Trade receivables, net |
68,554
|
27,696
|
| Inventories, net |
(1,739)
|
(5,263)
|
| Accounts payable and accrued liabilities |
75,270
|
111,778
|
| Income taxes payable |
(50,703)
|
(17,016)
|
| Other assets and liabilities, net |
(1,379)
|
(2,700)
|
| Net cash provided by operating activities |
316,918
|
309,468
|
| Net cash used in investing activities |
|
|
| Capital expenditures |
(93,436)
|
(77,237)
|
| Acquisition of businesses, net of cash acquired |
(512,348)
|
(20,245)
|
| Cash received from the sale of real property |
7,692
|
3,644
|
| Other investing activities, net |
6,271
|
317
|
| Net cash used in investing activities |
(591,821)
|
(93,521)
|
| Net cash provided by (used in) financing activities |
|
|
| Proceeds from borrowings under Vail Holdings Credit Agreement term loan |
509,375
|
0
|
| Proceeds from borrowings under Vail Holdings Credit Agreement revolver |
110,000
|
105,000
|
| Proceeds from borrowings under Whistler Credit Agreement revolver |
2,229
|
0
|
| Repayments of borrowings under Vail Holdings Credit Agreement term loan |
(9,375)
|
(3,125)
|
| Repayments of borrowings under Vail Holdings Credit Agreement revolver |
(185,000)
|
(225,500)
|
| Repayments of borrowings under Whistler Credit Agreement revolver |
(17,573)
|
0
|
| Dividends paid |
(61,772)
|
(45,221)
|
| Repurchase of common stock (Note 10) |
(210)
|
(40,000)
|
| Other financing activities, net |
611
|
3,668
|
| Net cash provided by (used in) financing activities |
348,285
|
(205,178)
|
| Effect of exchange rate changes on cash and cash equivalents |
(370)
|
(860)
|
| Net increase in cash and cash equivalents |
73,012
|
9,909
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
67,897
|
35,459
|
| End of period |
140,909
|
45,368
|
| Capital Expenditures Incurred but Not yet Paid |
$ 11,102
|
$ 4,425
|