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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Net revenue:        
Mountain and Lodging services and other $ 1,098,619 $ 1,054,134 $ 2,186,506 $ 2,166,357
Mountain and Lodging retail and dining 184,494 184,142 428,681 445,272
Resort net revenue 1,283,113 1,238,276 2,615,187 2,611,629
Real Estate Revenue 169 155 4,618 7,967
Revenues 1,283,282 1,238,431 2,619,805 2,619,596
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 471,182 462,613 1,200,928 1,212,115
Mountain and Lodging retail and dining cost of products sold 64,439 63,575 161,023 174,091
General and administrative 94,214 88,860 314,953 304,275
Resort operating expense 629,835 615,048 1,676,904 1,690,481
Real Estate operating expense 1,258 1,679 8,115 9,371
Total segment operating expense 631,093 616,727 1,685,019 1,699,852
Other operating (expense) income:        
Depreciation and amortization (68,486) (69,097) (204,613) (199,700)
Gain on sale of real property 0 88 6,285 845
Change in estimated fair value of contingent consideration (Note 8) (36,500) (45,900) (42,957) (47,636)
Loss on disposal of fixed assets and other, net (571) (6,269) (3,372) (8,055)
Income from operations 546,632 500,526 690,129 665,198
Mountain equity investment income, net 1,093 94 1,373 482
Investment income and other, net 5,096 7,740 13,643 17,734
Foreign currency loss on intercompany loans (Note 5) (2,305) (1,766) (4,230) (5,563)
Interest expense, net (39,853) (39,139) (121,168) (112,811)
Income before provision for income taxes 510,663 467,455 579,747 565,040
Provision for income taxes (129,280) (124,289) (151,606) (145,315)
Net income 381,383 343,166 428,141 419,725
Net income attributable to noncontrolling interests (19,388) (18,160) (22,359) (23,011)
Net income attributable to Vail Resorts, Inc. $ 361,995 $ 325,006 $ 405,782 $ 396,714
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 9.57 $ 8.20 $ 10.69 $ 9.90
Diluted net income per share attributable to Vail Resorts, Inc. 9.54 8.18 10.66 9.87
Cash dividends declared per share $ 2.22 $ 2.06 $ 6.34 $ 5.88