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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Net revenue:        
Mountain and Lodging services and other $ 800,816 $ 700,033 $ 1,631,957 $ 1,437,753
Mountain and Lodging retail and dining 156,930 141,318 395,017 358,253
Resort net revenue 957,746 841,351 2,026,974 1,796,006
Real Estate Revenue 241 3,140 595 3,910
Revenues 957,987 844,491 2,027,569 1,799,916
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 349,647 301,760 894,392 780,539
Mountain and Lodging retail and dining cost of products sold 59,615 54,289 157,996 147,205
General and administrative 68,213 66,181 209,954 194,780
Resort operating expense 477,475 422,230 1,262,342 1,122,524
Real Estate operating expense, net 1,382 (597) 4,141 2,301
Total segment operating expense 478,857 421,633 1,266,483 1,124,825
Other operating (expense) income:        
Depreciation and amortization (55,260) (54,104) (161,541) (154,132)
Gain on sale of real property 268 0 268 515
Change in estimated fair value of contingent consideration (Note 8) (1,567) 2,454 (3,467) 2,454
Gain (loss) on disposal of fixed assets and other, net 27 (3,230) 505 (2,125)
Income from operations 422,598 367,978 596,851 521,803
Mountain equity investment income, net 445 607 1,555 1,094
Investment income and other, net 1,727 736 2,697 1,516
Foreign currency loss on intercompany loans (Note 5) (3,319) (9,502) (5,180) (6,511)
Interest expense, net (19,575) (15,648) (59,215) (46,795)
Income before (provision) benefit from income taxes 401,876 344,171 536,708 471,107
(Provision) benefit from income taxes (93,346) (71,896) (120,914) 17,914
Net income 308,530 272,275 415,794 489,021
Net income attributable to noncontrolling interests (16,396) (16,023) (25,106) (25,463)
Net income attributable to Vail Resorts, Inc. $ 292,134 $ 256,252 $ 390,688 $ 463,558
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 7.26 $ 6.34 $ 9.68 $ 11.48
Diluted net income per share attributable to Vail Resorts, Inc. 7.12 6.17 9.48 11.13
Cash dividends declared per share $ 1.76 $ 1.47 $ 4.70 $ 3.576