Segment Information (Tables)

6 Months Ended

Jan. 31, 2024

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,
	2024		2023		2024		2023
Net revenue:
Mountain	$	999,981	$	1,013,442	$	1,172,436	$	1,215,159
Lodging	77,817		80,577		159,638		158,194
Total Resort net revenue	1,077,798		1,094,019		1,332,074		1,373,353
Real Estate	160		7,699		4,449		7,812
Total net revenue	$	1,077,958	$	1,101,718	$	1,336,523	$	1,381,165
Segment operating expense:
Mountain	$	579,062	$	614,633	$	891,901	$	908,829
Lodging	73,111		84,630		155,168		166,604
Total Resort operating expense	652,173		699,263		1,047,069		1,075,433
Real Estate	1,676		6,310		6,857		7,692
Total segment operating expense	$	653,849	$	705,573	$	1,053,926	$	1,083,125
Gain on sale of real property	$	—	$	757	$	6,285	$	757
Mountain equity investment (loss) income, net	$	(579)	$	42	$	280	$	388
Reported EBITDA:
Mountain	$	420,340	$	398,851	$	280,815	$	306,718
Lodging	4,706		(4,053)		4,470		(8,410)
Resort	425,046		394,798		285,285		298,308
Real Estate	(1,516)		2,146		3,877		877
Total Reported EBITDA	$	423,530	$	396,944	$	289,162	$	299,185
Real estate held for sale or investment	$	86,737	$	90,354	$	86,737	$	90,354
Reconciliation from net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net income attributable to Vail Resorts, Inc.	$	219,299	$	208,679	$	43,787	$	71,708
Net income attributable to noncontrolling interests	10,506		11,440		2,971		4,851
Net income	229,805		220,119		46,758		76,559
Provision for income taxes	87,486		79,032		22,326		21,026
Income before provision for income taxes	317,291		299,151		69,084		97,585
Depreciation and amortization	69,399		65,989		136,127		130,603
Change in estimated fair value of contingent consideration	3,400		1,100		6,457		1,736
Loss on disposal of fixed assets and other, net	758		1,780		2,801		1,786
Investment income and other, net	(4,863)		(7,108)		(8,547)		(9,994)
Foreign currency (gain) loss on intercompany loans	(3,040)		(2,338)		1,925		3,797
Interest expense, net	40,585		38,370		81,315		73,672
Total Reported EBITDA	$	423,530	$	396,944	$	289,162	$	299,185