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v3.7.0.1

Consolidated Condensed Statements Of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Apr. 30, 2017 | Apr. 30, 2016 | Apr. 30, 2017 | Apr. 30, 2016
Net revenue: |  |  |  |
Mountain | $ 721,160 | $ 572,805 | $ 1,486,026 | $ 1,206,610
Lodging | 68,601 | 72,933 | 201,887 | 200,026
Real estate | 4,870 | 1,734 | 10,181 | 14,766
Total net revenue | 794,631 | 647,472 | 1,698,094 | 1,421,402
Segment operating expense (exclusive of depreciation and amortization shown separately below): |  |  |  |
Mountain | 340,390 | 281,968 | 863,882 | 729,382
Lodging | 57,897 | 57,422 | 181,660 | 176,170
Real estate | 9,818 | 3,085 | 17,144 | 17,043
Total segment operating expense | 408,105 | 342,475 | 1,062,686 | 922,595
Other operating (expense) income: |  |  |  |
Depreciation and amortization | (50,029) | (41,472) | (140,236) | (120,713)
Gain on sale of real property | 0 | 19 | 6,466 | 1,810
Change in estimated fair value of contingent consideration (Note 7) | (14,500) | 0 | (15,100) | 0
Loss on disposal of fixed assets and other, net | (1,924) | (164) | (4,705) | (3,149)
Income from operations | 320,073 | 263,380 | 481,833 | 376,755
Mountain equity investment income, net | 521 | 211 | 1,510 | 992
Investment income and other, net | 210 | 150 | 5,881 | 509
Interest expense and other, net | (23,313) | (10,400) | (44,325) | (31,905)
Income before provision for income taxes | 297,491 | 253,341 | 444,899 | 346,351
Provision for income taxes | (100,635) | (95,804) | (151,933) | (131,613)
Net income | 196,856 | 157,537 | 292,966 | 214,738
Net (income) loss attributable to noncontrolling interests | (15,749) | 95 | (25,267) | 289
Net income attributable to Vail Resorts, Inc. | $ 181,107 | $ 157,632 | $ 267,699 | $ 215,027
Per share amounts (Note 3): |  |  |  |
Basic net income per share attributable to Vail Resorts, Inc. | $ 4.52 | $ 4.35 | $ 6.87 | $ 5.92
Diluted net income per share attributable to Vail Resorts, Inc. | 4.40 | 4.23 | 6.68 | 5.76
Cash dividends declared per share | $ 1.053 | $ 0.81 | $ 2.673 | $ 2.055

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