XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Cash flows from operating activities:    
Net income $ 292,966 $ 214,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140,236 120,713
Cost of real estate sales 8,017 10,508
Stock-based compensation expense 13,588 12,665
Deferred income taxes, net 151,933 131,741
Change in Fair Value of Contingent Consideration 15,100 0
Gain on sale of real property (6,466) (1,810)
Other non-cash income, net (3,741) (1,037)
Changes in assets and liabilities:    
Restricted cash 3,557 7,078
Trade receivables, net (26,375) (27,973)
Inventories, net 13,648 4,857
Accounts payable and accrued liabilities (66,999) (4,641)
Income taxes payable (56,128) (19,083)
Other assets and liabilities, net (1,023) 7,671
Net cash provided by operating activities 478,313 455,427
Cash flows from investing activities:    
Capital expenditures (111,836) (88,307)
Acquisition of businesses, net of cash acquired (512,348) (20,245)
Cash received from the sale of real property 7,692 3,722
Other investing activities, net 6,543 (2,842)
Net cash used in investing activities (609,949) (107,672)
Cash flows from financing activities:    
Proceeds from borrowings under Vail Holdings Credit Agreement term loan 509,375 0
Proceeds from borrowings under Vail Holdings Credit Agreement revolver 110,000 135,000
Proceeds from borrowings under Whistler Credit Agreement revolver 2,229 0
Repayments of borrowings under Vail Holdings Credit Agreement term loan (18,750) (6,250)
Repayments of borrowings under Vail Holdings Credit Agreement revolver (185,000) (320,000)
Repayments of borrowings under Whistler Credit Agreement revolver (53,889) 0
Dividends paid (104,035) (74,530)
Other financing activities, net 917 4,499
Net cash provided by (used in) financing activities 260,637 (315,068)
Effect of exchange rate changes on cash and cash equivalents (1,080) 419
Net increase in cash and cash equivalents 127,921 33,106
Repurchase of common stock (Note 10) (210) (53,787)
Cash and cash equivalents:    
Beginning of period 67,897 35,459
End of period 195,818 68,565
Accrued capital expenditures $ 9,127 $ 5,801