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Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Cash flows from operating activities:    
Net income $ 267,020 $ 415,794
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 186,387 161,541
Asset impairments 28,372 0
Stock-based compensation expense 16,127 14,786
Deferred income taxes, net 50,027 125,803
Change in estimated fair value of contingent consideration (5,264) 3,467
Foreign currency loss on intercompany loans (Note 6) (8,191) (5,180)
Other non-cash income, net (11,532) (6,485)
Changes in assets and liabilities:    
Trade receivables, net 172,735 (37,146)
Inventories, net (3,160) 5,170
Accounts payable and accrued liabilities (85,346) 1,013
Deferred revenue (132,366) (2,746)
Income taxes payable - excess tax benefit from share award exercises (2,837) (4,890)
Income taxes payable - other (18,580) (22,403)
Other assets and liabilities, net (2,795) 6,512
Net cash provided by operating activities 466,979 665,596
Cash flows from investing activities:    
Capital expenditures (145,772) (146,896)
Acquisition of businesses, net of cash acquired (327,555) (419,044)
Other investing activities, net 6,849 13,286
Net cash used in investing activities (466,478) (552,654)
Cash flows from financing activities:    
Proceeds from borrowings under Vail Holdings Credit Agreement 892,625 335,625
Proceeds from borrowings under Whistler Credit Agreement 202,304 7,667
Repayments of borrowings under Vail Holdings Credit Agreement (396,250) (223,750)
Repayments of borrowings under Whistler Credit Agreement (39,044) (45,060)
Employee taxes paid for share award exercises (10,071) (12,153)
Dividends paid (212,734) (189,566)
Repurchases of common stock (46,422) (85,000)
Other financing activities, net (19,034) (12,408)
Net cash provided by (used in) financing activities 371,374 (224,645)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,851 (4,825)
Net increase (decrease) in cash, cash equivalents and restricted cash 374,726 (116,528)
Cash, cash equivalents and restricted cash:    
Beginning of period 118,389 185,040
End of period 493,115 68,512
Accrued capital expenditures $ 11,727 $ 13,508