XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Condensed Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Apr. 30, 2015
Apr. 30, 2014
Net revenue:        
Mountain $ 499,551mtn_MountainRevenueNet $ 460,587mtn_MountainRevenueNet $ 1,022,968mtn_MountainRevenueNet $ 909,574mtn_MountainRevenueNet
Lodging 67,323mtn_LodgingRevenueNet 66,293mtn_LodgingRevenueNet 185,180mtn_LodgingRevenueNet 179,694mtn_LodgingRevenueNet
Real Estate 12,469us-gaap_RealEstateRevenueNet 16,167us-gaap_RealEstateRevenueNet 29,694us-gaap_RealEstateRevenueNet 29,890us-gaap_RealEstateRevenueNet
Total net revenue 579,343us-gaap_SalesRevenueNet 543,047us-gaap_SalesRevenueNet 1,237,842us-gaap_SalesRevenueNet 1,119,158us-gaap_SalesRevenueNet
Segment operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain 244,675mtn_MountainExpensesNet 233,301mtn_MountainExpensesNet 645,593mtn_MountainExpensesNet 601,587mtn_MountainExpensesNet
Lodging 54,726mtn_LodgingExpensesNet 53,182mtn_LodgingExpensesNet 166,407mtn_LodgingExpensesNet 163,346mtn_LodgingExpensesNet
Real Estate 14,028mtn_RealEstateExpense 18,445mtn_RealEstateExpense 35,513mtn_RealEstateExpense 35,682mtn_RealEstateExpense
Total segment operating expense 313,429mtn_OperatingCostsExpensesAndCostOfSales 304,928mtn_OperatingCostsExpensesAndCostOfSales 847,513mtn_OperatingCostsExpensesAndCostOfSales 800,615mtn_OperatingCostsExpensesAndCostOfSales
Other operating expense:        
Depreciation and amortization (38,242)us-gaap_DepreciationAndAmortization (35,588)us-gaap_DepreciationAndAmortization (111,587)us-gaap_DepreciationAndAmortization (105,948)us-gaap_DepreciationAndAmortization
Gain on sale of real property 151mtn_GainOnSaleOfRealProperty 0mtn_GainOnSaleOfRealProperty 151mtn_GainOnSaleOfRealProperty 0mtn_GainOnSaleOfRealProperty
Gain (Loss) Related to Litigation Settlement 0us-gaap_GainLossRelatedToLitigationSettlement 0us-gaap_GainLossRelatedToLitigationSettlement 16,400us-gaap_GainLossRelatedToLitigationSettlement 0us-gaap_GainLossRelatedToLitigationSettlement
Change in Fair Value of Contingent Consideration 0mtn_ChangeinFairValueofContingentConsideration 0mtn_ChangeinFairValueofContingentConsideration 4,550mtn_ChangeinFairValueofContingentConsideration 0mtn_ChangeinFairValueofContingentConsideration
Loss on disposal of fixed assets, net (71)us-gaap_GainLossOnDispositionOfAssets 634us-gaap_GainLossOnDispositionOfAssets (852)us-gaap_GainLossOnDispositionOfAssets (839)us-gaap_GainLossOnDispositionOfAssets
Income (loss) from operations 227,752us-gaap_OperatingIncomeLoss 203,165us-gaap_OperatingIncomeLoss 298,991us-gaap_OperatingIncomeLoss 211,756us-gaap_OperatingIncomeLoss
Mountain equity investment income, net (129)mtn_MountainEquityInvestmentIncomeLossNet 665mtn_MountainEquityInvestmentIncomeLossNet 396mtn_MountainEquityInvestmentIncomeLossNet 1,282mtn_MountainEquityInvestmentIncomeLossNet
Investment income, net 119us-gaap_InvestmentIncomeInterest 124us-gaap_InvestmentIncomeInterest 155us-gaap_InvestmentIncomeInterest 289us-gaap_InvestmentIncomeInterest
Interest expense, net (13,735)us-gaap_InterestExpense (16,408)us-gaap_InterestExpense (41,110)us-gaap_InterestExpense (48,745)us-gaap_InterestExpense
Income (loss) before (provision) benefit from income taxes 214,007us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 187,546us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 258,432us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 164,582us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
(Provision) benefit from income taxes (80,605)us-gaap_IncomeTaxExpenseBenefit (69,680)us-gaap_IncomeTaxExpenseBenefit (73,654)us-gaap_IncomeTaxExpenseBenefit (60,953)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 133,402us-gaap_ProfitLoss 117,866us-gaap_ProfitLoss 184,778us-gaap_ProfitLoss 103,629us-gaap_ProfitLoss
Net loss (income) attributable to noncontrolling interests 8us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 80us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 118us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 204us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to Vail Resorts, Inc. $ 133,410us-gaap_NetIncomeLoss $ 117,946us-gaap_NetIncomeLoss $ 184,896us-gaap_NetIncomeLoss $ 103,833us-gaap_NetIncomeLoss
Per share amounts (Note 3):        
Basic net income (loss) per share attributable to Vail Resorts, Inc. $ 3.67us-gaap_EarningsPerShareBasic $ 3.26us-gaap_EarningsPerShareBasic $ 5.09us-gaap_EarningsPerShareBasic $ 2.88us-gaap_EarningsPerShareBasic
Diluted net income (loss) per share attributable to Vail Resorts, Inc. $ 3.56us-gaap_EarningsPerShareDiluted $ 3.18us-gaap_EarningsPerShareDiluted $ 4.95us-gaap_EarningsPerShareDiluted $ 2.80us-gaap_EarningsPerShareDiluted
Cash dividends declared per share $ 0.6225us-gaap_CommonStockDividendsPerShareDeclared $ 0.4150us-gaap_CommonStockDividendsPerShareDeclared $ 1.4525us-gaap_CommonStockDividendsPerShareDeclared $ 0.8300us-gaap_CommonStockDividendsPerShareDeclared