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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2019
Cash flows from operating activities:      
Net income $ 124,457 $ 109,055 $ 323,493
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 252,585 249,572 218,117
Asset impairments 0 28,372 0
Cost of real estate sales 0 3,684 0
Stock-based compensation expense 24,395 21,021 19,856
Deferred income taxes, net (16,136) 17,435 22,419
Other Noncash Expense 12,544    
Other non-cash expense (income), net   (10,842) (482)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (237,188) 167,347 (35,406)
Inventories, net 22,781 (1,924) (7,274)
Accounts payable and accrued liabilities 118,979 (82,394) 23,296
Deferred revenue 199,410 (98,003) 35,628
Income taxes payable - excess tax benefit from share award plans (18,096) (8,236) (12,932)
Income taxes payable - other 29,946 (4,951) 38,773
Other assets and liabilities, net 11,573 4,814 8,743
Net cash provided by operating activities 525,250 394,950 634,231
Cash flows from investing activities:      
Capital expenditures (115,097) (172,334) (192,035)
Acquisition of businesses, net of cash acquired 0 (327,555) (419,044)
Other investing activities, net 11,768 7,150 15,045
Net cash used in investing activities (103,329) (492,739) (596,034)
Cash flows from financing activities:      
Proceeds from borrowings under Vail Holdings Credit Agreement 0 892,625 543,625
Proceeds from borrowings under Whistler Credit Agreement 27,775 209,634 26,518
Proceeds from borrowings under 6.25% Notes 0 600,000 0
Repayments of borrowings under Vail Holdings Credit Agreement (62,500) (811,875) (235,625)
Repayments of borrowings under Whistler Credit Agreement (45,657) (204,032) (45,060)
Employee taxes paid for share award exercises (39,090) (19,478) (27,239)
Repurchases of common stock 0 (46,422) (85,000)
Dividends paid 0 (212,732) (260,567)
Other financing activities, net (20,866) (31,487) (16,210)
Net cash provided by (used in) financing activities 434,662 376,233 (99,558)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (95) 5,253 (5,290)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 856,488 283,697 (66,651)
Cash, cash equivalents and restricted cash:      
Beginning of period 402,086 118,389 185,040
End of period 1,258,574 402,086 118,389
Cash paid for interest 125,667 88,398 70,888
Taxes paid, net 5,011 4,134 27,212
Accrued capital expenditures 5,158 15,046 18,420
Proceeds from Convertible Debt $ 575,000 $ 0 $ 0