Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Apr. 30, 2021 |
Apr. 30, 2020 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 269,399
|
$ 267,020
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
189,362
|
186,387
|
| Asset Impairment Charges |
0
|
28,372
|
| Stock-based compensation expense |
18,517
|
16,127
|
| Deferred income taxes, net |
69,063
|
50,027
|
| Other Noncash Expense |
580
|
|
| Other non-cash expense (income), net |
|
(8,605)
|
| Changes in assets and liabilities: |
|
|
| Trade receivables, net |
(99,727)
|
172,735
|
| Inventories, net |
30,680
|
(3,160)
|
| Accounts payable and accrued liabilities |
86,278
|
(85,346)
|
| Deferred revenue |
(22,434)
|
(132,366)
|
| Income taxes payable - excess tax benefit from share award exercises |
(2,423)
|
(2,837)
|
| Income taxes payable - other |
(3,073)
|
(18,580)
|
| Other assets and liabilities, net |
14,915
|
(2,795)
|
| Net cash provided by operating activities |
551,137
|
466,979
|
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(85,595)
|
(145,772)
|
| Acquisition of businesses, net of cash acquired |
0
|
(327,555)
|
| Other investing activities, net |
10,579
|
6,849
|
| Net cash used in investing activities |
(75,016)
|
(466,478)
|
| Cash flows from financing activities: |
|
|
| Proceeds from borrowings under Vail Holdings Credit Agreement |
0
|
892,625
|
| Proceeds from borrowings under Whistler Credit Agreement |
21,144
|
202,304
|
| Proceeds from Convertible Debt |
575,000
|
0
|
| Repayments of borrowings under Vail Holdings Credit Agreement |
(46,875)
|
(396,250)
|
| Repayments of borrowings under Whistler Credit Agreement |
(44,050)
|
(39,044)
|
| Employee taxes paid for share award exercises |
(9,265)
|
(10,071)
|
| Dividends paid |
0
|
(212,734)
|
| Repurchases of common stock |
0
|
(46,422)
|
| Other financing activities, net |
(21,638)
|
(19,034)
|
| Net cash provided by financing activities |
474,316
|
371,374
|
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
3,863
|
2,851
|
| Net increase in cash, cash equivalents and restricted cash |
954,300
|
374,726
|
| Cash, cash equivalents and restricted cash: |
|
|
| Beginning of period |
402,086
|
118,389
|
| End of period |
1,356,386
|
493,115
|
| Accrued capital expenditures |
$ 7,299
|
$ 11,727
|