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Consolidated Statements Of Operations - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Net revenue:      
Mountain and Lodging services and other $ 1,578,463 $ 1,807,930 $ 1,584,310
Mountain and Lodging retail and dining 380,394 462,933 423,255
Resort net revenue 1,958,857 2,270,863 2,007,565
Real Estate 4,847 712 3,988
Total net revenue 1,963,704 2,271,575 2,011,553
Total segment operating expense      
Mountain and Lodging operating expense 1,019,437 1,101,670 966,566
Mountain and Lodging retail and dining cost of products sold 159,066 190,044 174,105
General and administrative 278,695 274,415 251,806
Resort operating expense 1,457,198 1,566,129 1,392,477
Real Estate, net 9,182 5,609 3,546
Total segment operating expense 1,466,380 1,571,738 1,396,023
Other operating (expense) income:      
Depreciation and amortization (249,572) (218,117) (204,462)
Gain on sale of real property 207 580 515
Asset impairments (Notes 2 & 8) (28,372) 0 0
Change in fair value of contingent consideration (Note 10) 2,964 (5,367) 1,854
Gain (loss) on disposal of fixed assets and other, net 838 (664) (4,620)
Income from operations 223,389 476,269 408,817
Mountain equity investment income, net 1,690 1,960 1,523
Investment income and other, net 1,305 3,086 1,944
Foreign currency loss on intercompany loans (Note 6) (3,230) (2,854) (8,966)
Interest expense, net (106,721) (79,496) (63,226)
Income before (provision) benefit from income taxes 116,433 398,965 340,092
(Provision) benefit from income taxes (Note 11) (7,378) (75,472) 61,138
Net income 109,055 323,493 401,230
Net income attributable to noncontrolling interests (10,222) (22,330) (21,332)
Net income attributable to Vail Resorts, Inc. $ 98,833 $ 301,163 $ 379,898
Per share amounts (Note 5):      
Basic net income per share attributable to Vail Resorts, Inc. $ 2.45 $ 7.46 $ 9.40
Diluted net income per share attributable to Vail Resorts, Inc. 2.42 7.32 9.13
Cash dividends declared per share $ 5.28 $ 6.46 $ 5.046