Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Apr. 30, 2021 |
Apr. 30, 2020 |
Apr. 30, 2021 |
Apr. 30, 2020 |
| Net revenue: |
|
|
|
|
| Mountain and Lodging services and other |
$ 794,393
|
$ 582,890
|
$ 1,495,777
|
$ 1,516,679
|
| Mountain and Lodging retail and dining |
93,885
|
110,799
|
208,362
|
365,032
|
| Resort net revenue |
888,278
|
693,689
|
1,704,139
|
1,881,711
|
| Real Estate Revenue |
800
|
398
|
1,369
|
4,784
|
| Revenues |
889,078
|
694,087
|
1,705,508
|
1,886,495
|
| Operating expense (exclusive of depreciation and amortization shown separately below): |
|
|
|
|
| Mountain and Lodging operating expense |
317,836
|
285,764
|
765,944
|
902,316
|
| Mountain and Lodging retail and dining cost of products sold |
35,937
|
42,663
|
90,435
|
147,533
|
| General and administrative |
73,294
|
60,818
|
210,444
|
227,175
|
| Resort operating expense |
427,067
|
389,245
|
1,066,823
|
1,277,024
|
| Real Estate operating expense |
2,023
|
1,128
|
5,088
|
7,926
|
| Total segment operating expense |
429,090
|
390,373
|
1,071,911
|
1,284,950
|
| Other operating (expense) income: |
|
|
|
|
| Depreciation and amortization |
(64,071)
|
(64,730)
|
(189,362)
|
(186,387)
|
| Gain on sale of real property |
189
|
0
|
189
|
207
|
| Asset Impairment Charges |
0
|
(28,372)
|
0
|
(28,372)
|
| Change in estimated fair value of contingent consideration (Note 8) |
(10,400)
|
8,000
|
(12,202)
|
5,264
|
| Gain (loss) on disposal of fixed assets and other, net |
1,999
|
(380)
|
(762)
|
1,178
|
| Income from operations |
387,705
|
218,232
|
431,460
|
393,435
|
| Mountain equity investment income (loss), net |
1,011
|
(90)
|
6,177
|
1,270
|
| Investment income and other, net |
347
|
361
|
857
|
999
|
| Foreign currency gain (loss) on intercompany loans (Note 5) |
4,157
|
(7,753)
|
9,832
|
(8,191)
|
| Interest expense, net |
(39,033)
|
(24,479)
|
(112,287)
|
(73,303)
|
| Income before provision for income taxes |
354,187
|
186,271
|
336,039
|
314,210
|
| Provision for income taxes |
(76,897)
|
(26,440)
|
(66,640)
|
(47,190)
|
| Net income |
277,290
|
159,831
|
269,399
|
267,020
|
| Net income attributable to noncontrolling interests |
(2,661)
|
(7,285)
|
(738)
|
(14,579)
|
| Net income attributable to Vail Resorts, Inc. |
$ 274,629
|
$ 152,546
|
$ 268,661
|
$ 252,441
|
| Per share amounts (Note 4): |
|
|
|
|
| Basic net income per share attributable to Vail Resorts, Inc. |
$ 6.82
|
$ 3.79
|
$ 6.67
|
$ 6.26
|
| Diluted net income per share attributable to Vail Resorts, Inc. |
6.72
|
3.74
|
6.58
|
6.17
|
| Cash dividends declared per share |
$ 0
|
$ 1.76
|
$ 0
|
$ 5.28
|