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Consolidated Statements Of Operations - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2019
Net revenue:      
Mountain and Lodging services and other $ 1,650,055 $ 1,578,463 $ 1,807,930
Mountain and Lodging retail and dining 257,885 380,394 462,933
Resort net revenue 1,907,940 1,958,857 2,270,863
Real Estate 1,770 4,847 712
Total net revenue 1,909,710 1,963,704 2,271,575
Total segment operating expense      
Mountain and Lodging operating expense 960,453 1,019,437 1,101,670
Mountain and Lodging retail and dining cost of products sold 112,536 159,066 190,044
General and administrative 296,993 278,695 274,415
Resort operating expense 1,369,982 1,457,198 1,566,129
Real Estate 6,676 9,182 5,609
Total segment operating expense 1,376,658 1,466,380 1,571,738
Other operating (expense) income:      
Depreciation and amortization (252,585) (249,572) (218,117)
Gain on sale of real property 324 207 580
Asset impairments (Notes 2 & 8) 0 (28,372) 0
Change in fair value of contingent consideration (Note 10) (14,402) 2,964 (5,367)
(Loss) gain on disposal of fixed assets and other, net (5,373) 838 (664)
Income from operations 261,016 223,389 476,269
Mountain equity investment income, net 6,698 1,690 1,960
Investment income and other, net 586 1,305 3,086
Foreign currency gain (loss) on intercompany loans (Note 6) 8,282 (3,230) (2,854)
Interest expense, net (151,399) (106,721) (79,496)
Income before provision for income taxes 125,183 116,433 398,965
Provision for income taxes (Note 11) (726) (7,378) (75,472)
Net income 124,457 109,055 323,493
Net loss (income) attributable to noncontrolling interests 3,393 (10,222) (22,330)
Net income attributable to Vail Resorts, Inc. $ 127,850 $ 98,833 $ 301,163
Per share amounts (Note 5):      
Basic net income per share attributable to Vail Resorts, Inc. $ 3.17 $ 2.45 $ 7.46
Diluted net income per share attributable to Vail Resorts, Inc. 3.13 2.42 7.32
Cash dividends declared per share $ 0 $ 5.28 $ 6.46