Segment Information (Tables)

3 Months Ended

Oct. 31, 2023

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 October 31,
	2023		2022
Net revenue:





Mountain	$	172,455	$	201,717
Lodging	81,821		77,617
Total Resort net revenue	254,276		279,334
Real Estate	4,289		113
Total net revenue	$	258,565	$	279,447
Segment operating expense:
Mountain	$	312,839	$	294,196
Lodging	82,057		81,974
Total Resort operating expense	394,896		376,170
Real Estate	5,181		1,382
Total segment operating expense	$	400,077	$	377,552

Gain on sale of real property	$	6,285	$	—
Mountain equity investment income, net	$	859	$	346
Reported EBITDA:
Mountain	$	(139,525)	$	(92,133)
Lodging	(236)		(4,357)
Resort	(139,761)		(96,490)
Real Estate	5,393		(1,269)
Total Reported EBITDA	$	(134,368)	$	(97,759)

Real estate held for sale or investment	$	86,465	$	95,608

Reconciliation from net loss attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net loss attributable to Vail Resorts, Inc.	$	(175,512)	$	(136,971)
Net loss attributable to noncontrolling interests	(7,535)		(6,589)
Net loss	(183,047)		(143,560)
Benefit from income taxes	(65,160)		(58,006)
Loss before benefit from income taxes	(248,207)		(201,566)
Depreciation and amortization	66,728		64,614

Change in estimated fair value of contingent consideration	3,057		636
Loss on disposal of fixed assets and other, net	2,043		6
Investment income and other, net	(3,684)		(2,886)
Foreign currency loss on intercompany loans	4,965		6,135
Interest expense, net	40,730		35,302
Total Reported EBITDA	$	(134,368)	$	(97,759)