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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Net revenue:        
Mountain and Lodging services and other $ 794,393 $ 582,890 $ 1,495,777 $ 1,516,679
Mountain and Lodging retail and dining 93,885 110,799 208,362 365,032
Resort net revenue 888,278 693,689 1,704,139 1,881,711
Real Estate Revenue 800 398 1,369 4,784
Revenues 889,078 694,087 1,705,508 1,886,495
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 317,836 285,764 765,944 902,316
Mountain and Lodging retail and dining cost of products sold 35,937 42,663 90,435 147,533
General and administrative 73,294 60,818 210,444 227,175
Resort operating expense 427,067 389,245 1,066,823 1,277,024
Real Estate operating expense 2,023 1,128 5,088 7,926
Total segment operating expense 429,090 390,373 1,071,911 1,284,950
Other operating (expense) income:        
Depreciation and amortization (64,071) (64,730) (189,362) (186,387)
Gain on sale of real property 189 0 189 207
Asset Impairment Charges 0 (28,372) 0 (28,372)
Change in estimated fair value of contingent consideration (Note 8) (10,400) 8,000 (12,202) 5,264
Gain (loss) on disposal of fixed assets and other, net 1,999 (380) (762) 1,178
Income from operations 387,705 218,232 431,460 393,435
Mountain equity investment income (loss), net 1,011 (90) 6,177 1,270
Investment income and other, net 347 361 857 999
Foreign currency gain (loss) on intercompany loans (Note 5) 4,157 (7,753) 9,832 (8,191)
Interest expense, net (39,033) (24,479) (112,287) (73,303)
Income before provision for income taxes 354,187 186,271 336,039 314,210
Provision for income taxes (76,897) (26,440) (66,640) (47,190)
Net income 277,290 159,831 269,399 267,020
Net income attributable to noncontrolling interests (2,661) (7,285) (738) (14,579)
Net income attributable to Vail Resorts, Inc. $ 274,629 $ 152,546 $ 268,661 $ 252,441
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 6.82 $ 3.79 $ 6.67 $ 6.26
Diluted net income per share attributable to Vail Resorts, Inc. 6.72 3.74 6.58 6.17
Cash dividends declared per share $ 0 $ 1.76 $ 0 $ 5.28