Segment Information (Tables)

6 Months Ended

Jan. 31, 2022

Segment Reporting [Abstract]

Summary Of Financial Information By Reportable Segment

The following table presents financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):

	Three Months Ended January 31,				Six Months Ended January 31,
	2022		2021 (1)		2022		2021 (1)
Net revenue:
Mountain	$	834,375	$	641,978	943,675		741,457
Lodging	71,980		42,351		137,941		74,404
Total Resort net revenue	906,355		684,329		1,081,616		815,861
Real Estate	180		315		495		569
Total net revenue	$	906,535	$	684,644	$	1,082,111	$	816,430
Segment operating expense:
Mountain	$	446,700	$	360,629	$	668,478	$	549,254
Lodging	62,612		48,829		126,022		90,502
Total Resort operating expense	509,312		409,458		794,500		639,756
Real Estate	1,511		1,615		2,981		3,065
Total segment operating expense	$	510,823	$	411,073	$	797,481	$	642,821
Gain on sale of real property	$	931	$	—	$	962	$	—
Mountain equity investment income, net	$	818	$	1,180	$	2,332	$	5,166
Reported EBITDA:
Mountain	$	388,493	$	282,529	$	277,529	$	197,369
Lodging	9,368		(6,478)		11,919		(16,098)
Resort	397,861		276,051		289,448		181,271
Real Estate	(400)		(1,300)		(1,524)		(2,496)
Total Reported EBITDA	$	397,461	$	274,751	$	287,924	$	178,775
Real estate held for sale or investment	$	95,331	$	96,801	$	95,331	$	96,801
Reconciliation from net income (loss) attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net income (loss) attributable to Vail Resorts, Inc.	$	223,391	$	147,798	$	84,059	$	(5,968)
Net income (loss) attributable to noncontrolling interests	10,539		1,332		7,350		(1,923)
Net income (loss)	233,930		149,130		91,409		(7,891)
Provision (benefit) from income taxes	52,049		27,221		(7,804)		(10,257)
Income (loss) before provision (benefit) from income taxes	285,979		176,351		83,605		(18,148)
Depreciation and amortization	62,070		62,663		123,559		125,291
Change in estimated fair value of contingent consideration	16,780		1,000		18,780		1,802
(Gain) loss on disposal of fixed assets and other, net	(7,347)		2,192		(16,214)		2,761
Investment income and other, net	(257)		(167)		(756)		(510)
Foreign currency loss (gain) on intercompany loans	2,870		(5,135)		2,039		(5,675)
Interest expense, net	37,366		37,847		76,911		73,254
Total Reported EBITDA	$	397,461	$	274,751	$	287,924	$	178,775

(1) Segment results for the three and six months ended January 31, 2021 have been retrospectively adjusted to reflect current period presentation.