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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Net revenue:        
Mountain and Lodging services and other $ 582,890 $ 800,816 $ 1,516,679 $ 1,631,957
Mountain and Lodging retail and dining 110,799 156,930 365,032 395,017
Resort net revenue 693,689 957,746 1,881,711 2,026,974
Real Estate Revenue 398 241 4,784 595
Revenues 694,087 957,987 1,886,495 2,027,569
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 285,764 349,647 902,316 894,392
Mountain and Lodging retail and dining cost of products sold 42,663 59,615 147,533 157,996
General and administrative 60,818 68,213 227,175 209,954
Resort operating expense 389,245 477,475 1,277,024 1,262,342
Real Estate operating expense 1,128 1,382 7,926 4,141
Total segment operating expense 390,373 478,857 1,284,950 1,266,483
Other operating (expense) income:        
Depreciation and amortization (64,730) (55,260) (186,387) (161,541)
Gain on sale of real property 0 268 207 268
Asset impairments (Notes 2 & 8) (28,372) 0 (28,372) 0
Change in estimated fair value of contingent consideration (Note 9) 8,000 (1,567) 5,264 (3,467)
(Loss) gain on disposal of fixed assets and other, net (380) 27 1,178 505
Income from operations 218,232 422,598 393,435 596,851
Mountain equity investment (loss) income, net (90) 445 1,270 1,555
Investment income and other, net (361) (1,727) (999) (2,697)
Foreign currency loss on intercompany loans (Note 6) (7,753) (3,319) (8,191) (5,180)
Interest expense, net (24,479) (19,575) (73,303) (59,215)
Income before provision for income taxes 186,271 401,876 314,210 536,708
Provision for income taxes (26,440) (93,346) (47,190) (120,914)
Net income 159,831 308,530 267,020 415,794
Net income attributable to noncontrolling interests (7,285) (16,396) (14,579) (25,106)
Net income attributable to Vail Resorts, Inc. $ 152,546 $ 292,134 $ 252,441 $ 390,688
Per share amounts (Note 5):        
Basic net income per share attributable to Vail Resorts, Inc. $ 3.79 $ 7.26 $ 6.26 $ 9.68
Diluted net income per share attributable to Vail Resorts, Inc. 3.74 7.12 6.17 9.48
Cash dividends declared per share $ 1.76 $ 1.76 $ 5.28 $ 4.70