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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Net revenue:        
Mountain and Lodging services and other $ 597,110 $ 753,758 $ 701,384 $ 933,789
Mountain and Lodging retail and dining 87,219 170,674 114,477 254,233
Resort net revenue 684,329 924,432 815,861 1,188,022
Real Estate Revenue 315 206 569 4,386
Revenues 684,644 924,638 816,430 1,192,408
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 293,971 387,842 448,108 616,552
Mountain and Lodging retail and dining cost of products sold 37,366 67,135 54,498 104,870
General and administrative 78,121 91,302 137,150 166,357
Resort operating expense 409,458 546,279 639,756 887,779
Real Estate operating expense 1,615 1,505 3,065 6,798
Total segment operating expense 411,073 547,784 642,821 894,577
Other operating (expense) income:        
Depreciation and amortization (62,663) (63,812) (125,291) (121,657)
Gain on sale of real property 0 0 0 207
Change in estimated fair value of contingent consideration (Note 8) (1,000) (1,600) (1,802) (2,736)
(Loss) gain on disposal of fixed assets and other, net (2,192) (709) (2,761) 1,558
Income from operations 207,716 310,733 43,755 175,203
Mountain equity investment income, net 1,180 169 5,166 1,360
Investment income and other, net 167 361 510 638
Foreign currency gain (loss) on intercompany loans (Note 5) 5,135 (798) 5,675 (438)
Interest expense, net (37,847) (26,134) (73,254) (48,824)
Income (loss) before (provision) benefit from income taxes 176,351 284,331 (18,148) 127,939
(Provision) benefit from income taxes (27,221) (67,313) 10,257 (20,750)
Net income (loss) 149,130 217,018 (7,891) 107,189
Net (income) loss attributable to noncontrolling interests (1,332) (10,648) 1,923 (7,294)
Net income (loss) attributable to Vail Resorts, Inc. $ 147,798 $ 206,370 $ (5,968) $ 99,895
Per share amounts (Note 4):        
Basic net income (loss) per share attributable to Vail Resorts, Inc. $ 3.67 $ 5.12 $ (0.15) $ 2.48
Diluted net income (loss) per share attributable to Vail Resorts, Inc. 3.62 5.04 (0.15) 2.44
Cash dividends declared per share $ 0 $ 1.76 $ 0 $ 3.52