XML 67 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jul. 31, 2015
Apr. 30, 2015
Jan. 31, 2015
Oct. 31, 2014
Jul. 31, 2014
Apr. 30, 2014
Jan. 31, 2014
Oct. 31, 2013
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Net revenue:                      
Mountain $ 81,061 $ 499,551 $ 463,031 $ 60,386 $ 53,999 $ 460,587 $ 391,656 $ 57,331 $ 1,104,029 $ 963,573 $ 867,514
Lodging 69,373 67,323 59,364 58,493 62,593 66,293 56,187 57,214 254,553 242,287 210,974
Real Estate 11,648 12,469 7,842 9,383 18,896 16,167 4,877 8,846 41,342 48,786 42,309
Total net revenue 162,082 579,343 530,237 128,262 135,488 543,047 452,720 123,391 1,399,924 1,254,646 1,120,797
Segment operating expense (exclusive of depreciation and amortization shown separately below):                      
Mountain                 777,147 712,785 639,706
Lodging                 232,877 225,563 198,813
Real Estate                 48,408 55,826 58,090
Total segment operating expense                 1,058,432 994,174 896,609
Other operating (expense) income:                      
Depreciation and amortization                 (149,123) (140,601) (132,688)
Loss on disposal of fixed assets, net                 (2,057) (1,208) (1,222)
Gain on sale of real property                 151 0 6,675
Gain (Loss) Related to Litigation Settlement                 16,400 0 0
Change in Fair Value of Contingent Consideration                 3,650 (1,400) 0
Income from operations (88,478) 227,752 160,071 (88,832) (94,493) 203,165 110,695 (102,104) 210,513 117,263 96,953
Mountain equity investment income, net                 822 1,262 891
Investment income, net                 246 375 351
Interest expense, net                 (51,241) (63,997) (38,966)
Loss on extinguishment of debt (Note 4)                 (11,012) (10,831) 0
Income before provision for income taxes                 149,328 44,072 59,229
Provision for income taxes (Note 11)                 (34,718) (15,866) (21,619)
Net income (70,168) 133,402 115,700 (64,324) (75,423) 117,866 59,200 (73,437) 114,610 28,206 37,610
Net loss (income) attributable to noncontrolling interests                 144 272 133
Net income attributable to Vail Resorts, Inc. $ (70,142) $ 133,410 $ 115,762 $ (64,276) $ (75,355) $ 117,946 $ 59,263 $ (73,376) $ 114,754 $ 28,478 $ 37,743
Per share amounts (Note 3):                      
Basic net income per share attributable to Vail Resorts, Inc. (in dollars per share) $ (1.92) $ 3.67 $ 3.19 $ (1.77) $ (2.08) $ 3.26 $ 1.64 $ (2.04) $ 3.16 $ 0.79 $ 1.05
Diluted net income per share attributable to Vail Resorts, Inc. (in dollars per share) $ (1.92) $ 3.56 $ 3.10 $ (1.77) $ (2.08) $ 3.18 $ 1.60 $ (2.04) 3.07 0.77 1.03
Cash dividends declared per share (in dollars per share)                 $ 2.0750 $ 1.2450 $ 0.7900