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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Net revenue:        
Mountain and Lodging services and other $ 1,020,544 $ 794,393 $ 1,912,704 $ 1,495,777
Mountain and Lodging retail and dining 155,992 93,885 345,448 208,362
Resort net revenue 1,176,536 888,278 2,258,152 1,704,139
Real Estate Revenue 129 800 624 1,369
Revenues 1,176,665 889,078 2,258,776 1,705,508
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 417,422 317,836 965,483 765,944
Mountain and Lodging retail and dining cost of products sold 57,174 35,937 135,118 90,435
General and administrative 91,764 73,294 260,259 210,444
Resort operating expense 566,360 427,067 1,360,860 1,066,823
Real Estate operating expense 1,609 2,023 4,590 5,088
Total segment operating expense 567,969 429,090 1,365,450 1,071,911
Other operating (expense) income:        
Depreciation and amortization (65,655) (64,071) (189,214) (189,362)
Gain on sale of real property 189 189 1,151 189
Change in estimated fair value of contingent consideration (Note 8) (2,800) (10,400) (21,580) (12,202)
(Loss) gain on disposal of fixed assets and other, net (51) 1,999 16,163 (762)
Income from operations 540,379 387,705 699,846 431,460
Mountain equity investment income, net 363 1,011 2,695 6,177
Investment income and other, net 224 347 980 857
Foreign currency (loss) gain on intercompany loans (Note 5) (1,040) 4,157 (3,079) 9,832
Interest expense, net (35,132) (39,033) (112,043) (112,287)
Income before provision for income taxes 504,794 354,187 588,399 336,039
Provision for income taxes (118,211) (76,897) (110,407) (66,640)
Net income 386,583 277,290 477,992 269,399
Net income attributable to noncontrolling interests (14,033) (2,661) (21,383) (738)
Net income attributable to Vail Resorts, Inc. $ 372,550 $ 274,629 $ 456,609 $ 268,661
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 9.18 $ 6.82 $ 11.27 $ 6.67
Diluted net income per share attributable to Vail Resorts, Inc. 9.16 6.72 11.20 6.58
Cash dividends declared per share $ 1.91 $ 0 $ 3.67 $ 0