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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2022
Net revenue:        
Mountain and Lodging services and other $ 901,837 $ 770,300 $ 1,112,223 $ 892,160
Mountain and Lodging retail and dining 192,182 136,055 261,130 189,456
Resort net revenue 1,094,019 906,355 1,373,353 1,081,616
Real Estate Revenue 7,699 180 7,812 495
Revenues 1,101,718 906,535 1,381,165 1,082,111
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 507,216 364,336 749,502 548,061
Mountain and Lodging retail and dining cost of products sold 75,431 53,715 110,516 77,944
General and administrative 116,616 91,261 215,415 168,495
Resort operating expense 699,263 509,312 1,075,433 794,500
Real Estate operating expense 6,310 1,511 7,692 2,981
Total segment operating expense 705,573 510,823 1,083,125 797,481
Other operating (expense) income:        
Depreciation and amortization (65,989) (62,070) (130,603) (123,559)
Gain on sale of real property 757 931 757 962
Change in estimated fair value of contingent consideration (Note 8) (1,100) (16,780) (1,736) (18,780)
(Loss) gain on disposal of fixed assets and other, net (1,780) 7,347 (1,786) 16,214
Income from operations 328,033 325,140 164,672 159,467
Mountain equity investment income, net 42 818 388 2,332
Investment income and other, net 7,108 257 9,994 756
Foreign currency gain (loss) on intercompany loans (Note 5) 2,338 (2,870) (3,797) (2,039)
Interest expense, net (38,370) (37,366) (73,672) (76,911)
Income before (provision for) benefit from income taxes 299,151 285,979 97,585 83,605
(Provision for) benefit from income taxes (79,032) (52,049) (21,026) 7,804
Net income 220,119 233,930 76,559 91,409
Net income attributable to noncontrolling interests (11,440) (10,539) (4,851) (7,350)
Net income attributable to Vail Resorts, Inc. $ 208,679 $ 223,391 $ 71,708 $ 84,059
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 5.17 $ 5.51 $ 1.78 $ 2.08
Diluted net income per share attributable to Vail Resorts, Inc. 5.16 5.47 1.77 2.06
Cash dividends declared per share $ 1.91 $ 0.88 $ 3.82 $ 1.76